NYSE:UDRResidential REITs
Does UDR's Upbeat Guidance and Buyback Hint at a Shift in Capital Allocation Strategy? (UDR)
In recent weeks, UDR, Inc. reported third-quarter results showing revenue of US$431.86 million and net income of US$40.41 million, both higher than the prior year, and raised its full-year net income guidance to US$0.57–US$0.59 per diluted share.
The company also completed a share repurchase of 951,000 shares in the past quarter for US$34.98 million, under its long-running buyback program, signaling a continued focus on capital returns.
We'll examine how UDR's raised full-year earnings...