Upcoming Dividend • Jul 10
Upcoming dividend of US$0.14 per share Eligible shareholders must have bought the stock before 17 July 2026. Payment date: 31 July 2026. Trailing yield: 4.4%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (6.6%). Announcement • Jul 09
UDR, Inc. to Report Q2, 2026 Results on Jul 27, 2026 UDR, Inc. announced that they will report Q2, 2026 results After-Market on Jul 27, 2026 Recent Insider Transactions • Jun 09
President recently sold US$3.1m worth of stock On the 5th of June, Thomas Toomey sold around 80k shares on-market at roughly US$39.25 per share. This transaction amounted to 9.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Thomas' only on-market trade for the last 12 months. Declared Dividend • May 03
Dividend of US$0.14 announced Shareholders will receive a dividend of US$0.14. Ex-date: 17th July 2026 Payment date: 31st July 2026 Dividend yield will be 3.9%, which is lower than the industry average of 4.5%. Announcement • May 01
UDR, Inc. announces Monthly dividend, payable on July 31, 2026 UDR, Inc. announced Monthly dividend of USD 0.1450 per share payable on July 31, 2026, ex-date on July 17, 2026 and record date on July 17, 2026. Reported Earnings • May 01
First quarter 2026 earnings released: EPS: US$0.58 (vs US$0.23 in 1Q 2025) First quarter 2026 results: EPS: US$0.58 (up from US$0.23 in 1Q 2025). Revenue: US$425.8m (flat on 1Q 2025). Net income: US$188.6m (up 150% from 1Q 2025). Profit margin: 44% (up from 18% in 1Q 2025). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, while revenues in the Residential REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 8% per year whereas the company’s share price has fallen by 4% per year. Announcement • May 01
UDR, Inc. announces Monthly dividend, payable on September 30, 2026 UDR, Inc. announced Monthly dividend of USD 0.1450 per share payable on September 30, 2026, ex-date on September 15, 2026 and record date on September 15, 2026. Announcement • Apr 09
UDR, Inc. to Report Q1, 2026 Results on Apr 29, 2026 UDR, Inc. announced that they will report Q1, 2026 results After-Market on Apr 29, 2026 Upcoming Dividend • Apr 08
Upcoming dividend of US$0.43 per share Eligible shareholders must have bought the stock before 15 April 2026. Payment date: 30 April 2026. Trailing yield: 5.0%. Lower than top quartile of British dividend payers (5.9%). Lower than average of industry peers (6.8%). Announcement • Apr 03
UDR, Inc., Annual General Meeting, May 21, 2026 UDR, Inc., Annual General Meeting, May 21, 2026. Location: four seasons hotel, 1111 14th street, co 80202, denver United States Announcement • Mar 31
Bell Partners Inc. acquired Milehouse Apartments from UDR, Inc. (NYSE:UDR) for $78 million. Bell Partners Inc. acquired Milehouse Apartments from UDR, Inc. (NYSE:UDR) for $78 million on March 30, 2026. A cash consideration of $78 million will be paid by Bell Partners Inc.
Bell Partners Inc. acquired Milehouse Apartments from UDR, Inc. (NYSE:UDR) on March 30, 2026 Declared Dividend • Mar 23
Fourth quarter dividend increased to US$0.43 Dividend of US$0.43 is 1.2% higher than last year. Ex-date: 15th April 2026 Payment date: 30th April 2026 Dividend yield will be 5.0%, which is higher than the industry average of 4.5%. Announcement • Mar 23
UDR, Inc.(NYSE:UDR) dropped from FTSE All-World Index (USD) UDR, Inc.(NYSE:UDR) dropped from FTSE All-World Index (USD) Announcement • Mar 20
UDR, Inc. Declares Dividend for the First Quarter of 2026, Payable on April 30, 2026 UDR, Inc. announced that its Board of Directors declared a regular quarterly dividend on its common stock for the first quarter of 2026 in the amount of $0.435 per share, payable in cash on April 30, 2026 to UDR common stock shareholders of record as of April 15, 2026. The April 30, 2026 dividend will be the 214 consecutive quarterly dividend paid by the Company on its common stock. New Risk • Feb 10
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 18% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.6x net interest cover). Earnings are forecast to decline by an average of 18% per year for the foreseeable future. Minor Risk Large one-off items impacting financial results. Reported Earnings • Feb 10
Full year 2025 earnings released: EPS: US$1.13 (vs US$0.26 in FY 2024) Full year 2025 results: EPS: US$1.13 (up from US$0.26 in FY 2024). Revenue: US$1.71b (flat on FY 2024). Net income: US$372.9m (up 340% from FY 2024). Profit margin: 22% (up from 5.0% in FY 2024). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, while revenues in the Residential REITs industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 13% per year but the company’s share price has only fallen by 5% per year, which means it has not declined as severely as earnings. Announcement • Feb 10
UDR, Inc. Provides Earnings Guidance for the First Quarter of 2026 and Fiscal Year 2026 UDR, Inc. provided earnings guidance for the first quarter of 2026 and fiscal year 2026. For the first quarter, the company expects net income per diluted share to be in the range of $0.11 to $0.13.
For the full year, the company expects net income per diluted share to be in the range of $0.45 to $0.55. Announcement • Jan 31
UDR, Inc. to Report Q4, 2025 Results on Feb 09, 2026 UDR, Inc. announced that they will report Q4, 2025 results After-Market on Feb 09, 2026 Announcement • Jan 06
UDR, Inc. Appoints Ellen M. Goitia as Independent Director, Effective January 1, 2026 UDR, Inc. announced the appointment of Ellen M. Goitia to its Board of Directors, effective January 1, 2026. Ellen M. Goitia will serve as an independent director and has been appointed to the Nominating and Governance Committee and the Audit and Risk Management Committee. Her appointment was executed under the Board of Directors’ long-term succession plan with respect to director refreshment and expands the Company’s Board to ten members. Ellen M. Goitia is a Certified Public Accountant and served as the partner-in-charge for KPMG’s Chesapeake Business Unit Audit practice and a member of the firm’s audit leadership team from October 2011 until her retirement in May 2016. As the partner-in-charge of the Chesapeake Business Unit Audit practice, Ms. Goitia had ultimate operational oversight for five offices in Maryland, D.C. and Virginia, with responsibilities including business unit financial performance, resource management, human resources, quality client service, and risk management. Ms. Goitia was admitted to the KPMG partnership in 1993 and had more than 30 years of experience as a professional with the firm, including experience as lead audit partner for a variety of publicly traded and private companies. She has served clients on a wide range of accounting and operational issues, public security issuances and strategic corporate transactions. Ms. Goitia was a speaker, panelist and moderator for KPMG’s Audit Committee Institute as well as for other governance programs external to KPMG. In addition, Ms. Goitia served as an independent member of the Nominating Committee of KPMG’s Board of Directors from 2009 until 2011 and has served on several nonprofit organizations’ boards. Ms. Goitia currently serves on the Board of Trustees of Elme Communities, where she is chair of the Audit Committee and a member of the Corporate Governance/Nominating Committee. Upcoming Dividend • Jan 05
Upcoming dividend of US$0.43 per share Eligible shareholders must have bought the stock before 12 January 2026. Payment date: 02 February 2026. Trailing yield: 4.7%. Lower than top quartile of British dividend payers (5.6%). Lower than average of industry peers (6.3%). Declared Dividend • Dec 22
Third quarter dividend of US$0.43 announced Shareholders will receive a dividend of US$0.43. Ex-date: 12th January 2026 Payment date: 2nd February 2026 Dividend yield will be 4.8%, which is higher than the industry average of 4.5%. Announcement • Dec 19
UDR, Inc. Declares Dividends for the Fourth Quarter of 2025, Payable in Cash on February 2, 2026 UDR, Inc. announced that its Board of Directors declared a regular quarterly dividend on its common stock for the fourth quarter of 2025 in the amount of $0.43 per share, payable in cash on February 2, 2026 to UDR common stock shareholders of record as of January 12, 2026. The February 2, 2026 dividend will be the 213th consecutive quarterly dividend paid by the Company on its common stock. Reported Earnings • Oct 31
Third quarter 2025 earnings released: FFO per share: US$0.7 (vs US$0.65 in 3Q 2024) Third quarter 2025 results: FFO per share: US$0.7 (up from US$0.65 in 3Q 2024). Revenue: US$445.9m (up 6.6% from 3Q 2024). Funds from operations (FFO): US$219.9m (up 2.8% from 3Q 2024). FFO margin: 49% (down from 51% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.8% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Residential REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has only fallen by 4% per year, which means it has not declined as severely as earnings. Announcement • Oct 31
UDR, Inc. (NYSE:UDR) entered into an agreement to acquire 406-Apartment Home Community in Suburban Metropolitan Washington for approximately $150 million. UDR, Inc. (NYSE:UDR) entered into an agreement to acquire 406-Apartment Home Community in Suburban Metropolitan Washington for approximately $150 million subsequent to quarter-end September 30, 2025. A cash consideration of $147 million will be paid by UDR, Inc. As part of consideration, $147 million is paid towards assets of 406-Apartment Home Community in Suburban Metropolitan Washington. The transaction is expected to be funded with proceeds from planned dispositions.
The transaction is expected to close in the fourth quarter of 2025. Announcement • Oct 09
UDR, Inc. to Report Q3, 2025 Results on Oct 29, 2025 UDR, Inc. announced that they will report Q3, 2025 results After-Market on Oct 29, 2025 Announcement • Oct 08
UDR, Inc. Appoints Richard B. Clark to Board of Directors, Effective October 3, 2025 UDR, Inc. announced the appointment of Richard “Ric” B. Clark to its Board of Directors, effective October 3. Mr. Clark will serve as an independent director and has been appointed to the Nominating and Governance Committee and the Audit and Risk Management Committee. His appointment, which follows the departure of two long-tenured directors earlier in 2025, was executed under the Board of Directors’ long-term succession plan with respect to director refreshment and expands the Company’s Board to nine members. Mr. Clark has more than four decades of real estate investment and capital markets experience. From 1984 to 2021, Mr. Clark served Brookfield Corporation and its predecessors in various senior leadership roles including Chairman and Chief Executive Officer of Brookfield Property Group, Brookfield Property Partners, and Brookfield Office Properties. Under his leadership, Brookfield’s real estate group grew its assets under management from $5 billion to more than $200 billion and expanded its capabilities beyond the office sector into multifamily, industrial, hotel, and retail. Subsequently, Mr. Clark founded Burnside Investments, a private investment company, and co-founded WatermanClark, a vertically integrated real estate investment and operating company. Mr. Clark previously served on the boards of General Growth Properties and Rouse Properties. He holds a Bachelor of Science in Business from the Indiana University of Pennsylvania. Declared Dividend • Sep 22
Second quarter dividend of US$0.43 announced Shareholders will receive a dividend of US$0.43. Ex-date: 9th October 2025 Payment date: 31st October 2025 Dividend yield will be 8.0%, which is higher than the industry average of 4.5%. Announcement • Sep 19
UDR, Inc. Declares Dividend for the Third Quarter of 2025 on Common Stock, Payable on October 31, 2025 UDR, Inc. announced that its Board of Directors declared a regular quarterly dividend on its common stock for the third quarter of 2025 in the amount of $0.43 per share, payable in cash on October 31, 2025 to UDR common stock shareholders of record as of October 9, 2025. The October 31, 2025 dividend will be the 212th consecutive quarterly dividend paid by the Company on its common stock. Announcement • Sep 03
UDR, Inc. Announces Executive Changes UDR, Inc. announced that on September 2, 2025, Joseph D. Fisher notified UDR, Inc. of his intention to resign from his position as President and Chief Investment Officer of the Company effective as of the close of business on September 2, 2025. As part of the separation agreement, Mr. Fisher has agreed to provide transition assistance through December 31, 2025. Mr. Fisher had served as UDR’s President since 2022 and Chief Investment Officer since January 2025, having previously served as the Company’s Chief Financial Officer between 2017 and 2025. In connection with Mr. Fisher’s departure, the Company’s Board of Directors appointed Tom Toomey as the Company’s President, in addition to his roles as the Company’s Chairman and CEO. Mr. Toomey, along with other members of the Company’s senior management team, will assume Mr. Fisher’s responsibilities. Reported Earnings • Jul 31
Second quarter 2025 earnings released: EPS: US$0.11 (vs US$0.084 in 2Q 2024) Second quarter 2025 results: EPS: US$0.11 (up from US$0.084 in 2Q 2024). Revenue: US$425.4m (up 1.4% from 2Q 2024). Net income: US$36.5m (up 32% from 2Q 2024). Profit margin: 8.6% (up from 6.6% in 2Q 2024). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Residential REITs industry in Europe. Over the last 3 years on average, earnings per share has fallen by 10% per year whereas the company’s share price has fallen by 6% per year. Announcement • Jul 10
UDR, Inc. to Report Q2, 2025 Results on Jul 30, 2025 UDR, Inc. announced that they will report Q2, 2025 results at 4:00 PM, US Eastern Standard Time on Jul 30, 2025 Upcoming Dividend • Jul 03
Upcoming dividend of US$0.43 per share Eligible shareholders must have bought the stock before 10 July 2025. Payment date: 31 July 2025. Trailing yield: 4.2%. Lower than top quartile of British dividend payers (5.5%). In line with average of industry peers (4.6%). Announcement • Jun 24
Udr, Inc. Announces Chief Financial Officer Changes, Effective July 24, 2025 UDR, Inc. announced the appointment of Dave Bragg age 45, as Chief Financial Officer, effective July 24, 2025. Mr. Bragg succeeds Joe Fisher, who in January 2025 was appointed to the role of Chief Investment Officer in addition to his responsibilities as the Company’s President. Mr. Bragg brings an extensive background in public and private real estate with over two decades of experience in real estate finance, investment strategy, and capital markets. Mr. Bragg joins UDR from Roots Management Group, a leading owner and operator of manufactured housing and recreational vehicle resort communities. Mr. Bragg joined Roots in 2022, most recently serving as CFO and previously as Chief Strategy Officer and Head of Investment Management. Prior to his tenure at Roots, from 2013 to 2022 Mr. Bragg served as Managing Director at Green Street, leading the strategic and residential real estate research efforts. Mr. Bragg’s career also includes senior leadership positions at Zelman & Associates, ISI Group, and Merrill Lynch, where he was repeatedly recognized for excellence in real estate and housing sector research. Mr. Bragg has served as a Global Governing Trustee of the Urban Land Institute since 2022 and is a member of the Pension Real Estate Association. Mr. Bragg holds a Master of Accounting degree from the Kenan-Flagler Business School at the University of North Carolina, a Master of International Business from the University of Florida, and a Bachelor of Arts in International Relations from Tufts University. Declared Dividend • Jun 16
First quarter dividend of US$0.43 announced Shareholders will receive a dividend of US$0.43. Ex-date: 10th July 2025 Payment date: 31st July 2025 Dividend yield will be 4.2%, which is lower than the industry average of 4.5%. Announcement • Jun 13
UDR Inc. Declares Regular Cash Dividend on Its Common Stock for the Second Quarter of 2025, Payable on July 31, 2025 UDR, Inc. announced that its Board of Directors declared a regular quarterly dividend on its common stock for the second quarter of 2025 in the amount of $0.43 per share, payable in cash on July 31, 2025 to UDR common stock shareholders of record as of July 10, 2025. Buy Or Sell Opportunity • May 05
Now 20% undervalued Over the last 90 days, the stock has risen 4.1% to US$43.19. The fair value is estimated to be US$54.03, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 5.8% over the last 3 years, while earnings per share has been flat. Revenue is forecast to grow by 4.7% in 2 years. Earnings are forecast to grow by 66% in the next 2 years. New Risk • May 01
New minor risk - Earnings quality The company has large one-off items impacting its financial results. One-off items were 23% of the size of the rest of the company's trailing 12-month earnings before tax. This is considered a minor risk. One-off items are incomes or expenses that the company does not expect to repeat in future periods. Examples include profits from the sale of a business or expenses from a restructuring or legal settlements. If the company's reported statutory earnings include a large proportion of one-off items it means they may be an unreliable indicator of its true business performance as the earnings were skewed by these incomes or expenses. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.9x net interest cover). Minor Risks Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (6.9% net profit margin). Significant insider selling over the past 3 months (US$1.1m sold). Reported Earnings • May 01
First quarter 2025 earnings released: EPS: US$0.23 (vs US$0.13 in 1Q 2024) First quarter 2025 results: EPS: US$0.23 (up from US$0.13 in 1Q 2024). Revenue: US$421.9m (flat on 1Q 2024). Net income: US$76.7m (up 83% from 1Q 2024). Profit margin: 18% (up from 9.9% in 1Q 2024). Revenue is forecast to grow 3.3% p.a. on average during the next 3 years, compared to a 3.7% growth forecast for the Residential REITs industry in Europe. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 6% per year, which means it is significantly lagging earnings. Announcement • May 01
UDR, Inc. Provides Earnings Guidance for the Second Quarter 2025 and Reaffirms Earnings Guidance for the Full Year 2025 UDR, Inc. provided earnings guidance for the second quarter 2025 and reaffirmed earnings guidance for the full year 2025. For the quarter, the company expects Net Income per diluted share in the range of $0.11 to $0.13.
For the full year, the company expects net income per diluted share to be in the range of $0.56 to $0.66. Announcement • Apr 09
UDR, Inc. to Report Q1, 2025 Results on Apr 30, 2025 UDR, Inc. announced that they will report Q1, 2025 results After-Market on Apr 30, 2025 Upcoming Dividend • Apr 03
Upcoming dividend of US$0.43 per share Eligible shareholders must have bought the stock before 10 April 2025. Payment date: 30 April 2025. Trailing yield: 3.7%. Lower than top quartile of British dividend payers (6.1%). Lower than average of industry peers (5.1%). Declared Dividend • Mar 17
Fourth quarter dividend increased to US$0.43 Dividend of US$0.43 is 1.2% higher than last year. Ex-date: 10th April 2025 Payment date: 30th April 2025 Dividend yield will be 3.9%, which is lower than the industry average of 4.5%. Announcement • Mar 14
UDR, Inc. Declares Regular Cash Dividend on its Common Stock for the First Quarter of 2025, Payable on April 30, 2025 UDR, Inc. announced that its Board of Directors declared a regular quarterly dividend on its common stock for the first quarter of 2025 in the amount of $0.43 per share, payable in cash on April 30, 2025 to UDR common stock shareholders of record as of April 10, 2025. Recent Insider Transactions • Feb 23
Chairman & CEO recently sold US$1.1m worth of stock On the 20th of February, Thomas Toomey sold around 25k shares on-market at roughly US$42.75 per share. This transaction amounted to 2.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Thomas has been a net seller over the last 12 months, reducing personal holdings by US$4.6m. Reported Earnings • Feb 06
Full year 2024 earnings released: EPS: US$0.26 (vs US$1.34 in FY 2023) Full year 2024 results: EPS: US$0.26 (down from US$1.34 in FY 2023). Revenue: US$1.67b (flat on FY 2023). Net income: US$84.8m (down 81% from FY 2023). Profit margin: 5.1% (down from 27% in FY 2023). Revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 5.7% growth forecast for the Residential REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. Announcement • Feb 06
UDR, Inc. Provides Earnings Guidance for the First Quarter and Full Year of Fiscal Year 2025 UDR, Inc. provided earnings guidance for the first quarter and full year of fiscal year 2025. For the first quarter, the company expects net income per diluted share to be in the range of $0.24 to $0.26.
For the full year, the company expects net income per diluted share to be in the range of $0.56 to $0.66. New Risk • Jan 13
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (7.3% net profit margin). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Upcoming Dividend • Jan 06
Upcoming dividend of US$0.42 per share Eligible shareholders must have bought the stock before 10 January 2025. Payment date: 31 January 2025. Trailing yield: 3.9%. Lower than top quartile of British dividend payers (5.8%). Lower than average of industry peers (5.4%). Announcement • Jan 06
UDR, Inc. to Report Q4, 2024 Results on Feb 05, 2025 UDR, Inc. announced that they will report Q4, 2024 results at 4:00 PM, US Eastern Standard Time on Feb 05, 2025 New Risk • Jan 05
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (7.3% net profit margin). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Announcement • Jan 03
UDR, Inc. Announces Executive Promotions UDR, Inc. announced the following Executive Management promotions and Leadership Transition plans effective January 1, 2025. First, Mike Lacy has been promoted to Chief Operating Officer after having served as Senior Vice President – Operations since 2019. Mr. Lacy has served in a variety of operational roles since joining UDR in 2006 and has been instrumental in leading the Company’s operating strategy and implementing many of the Company’s innovative initiatives. Mr. Lacy, age 43, joined the Company in November 2006 and worked in an operational strategist role and as a Senior Acquisitions Analyst. In November 2010, Mr. Lacy was promoted to Director of Pricing and Revenue Management, and from 2014 to 2016, he managed a portfolio in Southern California in the position of Vice President - Southern California Regional Manager. In January 2016, Mr. Lacy was promoted to Vice President - Property Operations, and in January 2019 he was promoted to Senior Vice President - Operations. Mr. Lacy began his career as an accountant at RedPeak Properties. No family relationship exists between Mr. Lacy and any of the Company’s directors or other executive officers. Second, Joe Fisher has been appointed to the role of Chief Investment Officer in addition to his roles as President and Chief Financial Officer. Mr. Fisher, who has served as the Company’s CFO since 2017, will take on the additional responsibilities of overseeing the Company’s investment and development functions. Furthermore, the company will initiate an executive search process to recruit a new Chief Financial Officer. Upon the successful hire of a new CFO, Mr. Fisher will relinquish his responsibilities in that capacity and retain the roles of President and Chief Investment Officer. New Risk • Dec 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (7.3% net profit margin). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Declared Dividend • Dec 23
Third quarter dividend of US$0.42 announced Shareholders will receive a dividend of US$0.42. Ex-date: 9th January 2025 Payment date: 31st January 2025 Dividend yield will be 3.9%, which is lower than the industry average of 4.5%. New Risk • Dec 22
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (7.3% net profit margin). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Announcement • Dec 20
UDR, Inc. Declares Common Stock Cash Dividend for the Fourth Quarter of 2024, Payable on January 31, 2025 UDR, Inc. announced that its Board of Directors declared a regular quarterly dividend on its common stock for the fourth quarter of 2024 in the amount of $0.425 per share, payable in cash on January 31, 2025, to UDR common stock shareholders of record as of January 9, 2025. New Risk • Dec 01
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (7.3% net profit margin). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). New Risk • Nov 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (7.3% net profit margin). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). New Risk • Nov 27
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (7.3% net profit margin). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). New Risk • Nov 16
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (7.3% net profit margin). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Announcement • Nov 02
UDR, Inc. Provides Earnings Guidance for the Fourth Quarter and Updates Earnings Guidance for the Full Year 2024 UDR, Inc. provided earnings guidance for the fourth quarter and updated earnings guidance for the full year 2024. For the quarter, the company expects net income per diluted share to be $0.10 to $0.12.
For the year, the company expects net income per diluted share to be $0.38 to $0.40 as compared to previous guidance of $0.35 to $0.43. New Risk • Nov 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.7x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (7.3% net profit margin). Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Reported Earnings • Nov 01
Third quarter 2024 earnings released: FFO per share: US$0.7 (vs US$0.66 in 3Q 2023) Third quarter 2024 results: FFO per share: US$0.7 (down from US$0.66 in 3Q 2023). Revenue: US$418.3m (flat on 3Q 2023). Funds from operations (FFO): US$213.8m (flat on 3Q 2023). FFO margin: 51% (in line with 3Q 2023). Revenue is forecast to grow 4.0% p.a. on average during the next 3 years, compared to a 6.1% growth forecast for the Residential REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has fallen by 8% per year, which means it is significantly lagging earnings. Announcement • Oct 10
UDR, Inc. to Report Q3, 2024 Results on Oct 30, 2024 UDR, Inc. announced that they will report Q3, 2024 results After-Market on Oct 30, 2024 Declared Dividend • Sep 22
Second quarter dividend of US$0.42 announced Shareholders will receive a dividend of US$0.42. Ex-date: 10th October 2024 Payment date: 31st October 2024 Dividend yield will be 3.7%, which is lower than the industry average of 4.5%. New Risk • Jul 31
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 7.9% Last year net profit margin: 27% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (1.8x net interest cover). Minor Risks Profit margins are more than 30% lower than last year (7.9% net profit margin). Significant insider selling over the past 3 months (US$3.7m sold). Reported Earnings • Jul 31
Second quarter 2024 earnings released: EPS: US$0.084 (vs US$1.05 in 2Q 2023) Second quarter 2024 results: EPS: US$0.084 (down from US$1.05 in 2Q 2023). Revenue: US$415.3m (flat on 2Q 2023). Net income: US$27.7m (down 92% from 2Q 2023). Profit margin: 6.7% (down from 84% in 2Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Residential REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 52% per year but the company’s share price has fallen by 9% per year, which means it is significantly lagging earnings. New Risk • Jul 20
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings are forecast to decline by an average of 34% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Significant insider selling over the past 3 months (US$3.7m sold). New Risk • Jul 14
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings are forecast to decline by an average of 34% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Significant insider selling over the past 3 months (US$3.7m sold). Announcement • Jul 10
UDR, Inc. to Report Q2, 2024 Results on Jul 30, 2024 UDR, Inc. announced that they will report Q2, 2024 results After-Market on Jul 30, 2024 New Risk • Jul 08
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings are forecast to decline by an average of 34% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Significant insider selling over the past 3 months (US$3.7m sold). Upcoming Dividend • Jul 03
Upcoming dividend of US$0.42 per share Eligible shareholders must have bought the stock before 10 July 2024. Payment date: 31 July 2024. Trailing yield: 4.1%. Lower than top quartile of British dividend payers (5.7%). In line with average of industry peers (4.4%). Declared Dividend • Jun 17
First quarter dividend of US$0.42 announced Shareholders will receive a dividend of US$0.42. Ex-date: 10th July 2024 Payment date: 31st July 2024 Dividend yield will be 4.2%, which is lower than the industry average of 4.5%. Announcement • Jun 15
UDR, Inc. Declares Dividend for the Second Quarter of 2024, Payable on July 31, 2024 UDR, Inc. announced that its Board of Directors declared a regular quarterly dividend on its common stock for the second quarter of 2024 in the amount of $0.425 per share, payable in cash on July 31, 2024 to UDR common stock shareholders of record as of July 10, 2024. Recent Insider Transactions • Jun 13
Chairman & CEO recently sold US$3.6m worth of stock On the 7th of June, Thomas Toomey sold around 90k shares on-market at roughly US$39.52 per share. This transaction amounted to 9.6% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Thomas has been a net seller over the last 12 months, reducing personal holdings by US$5.3m. New Risk • Jun 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings are forecast to decline by an average of 35% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Significant insider selling over the past 3 months (US$172k sold). New Risk • Jun 11
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings are forecast to decline by an average of 35% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.2% increase in shares outstanding). New Risk • Jun 03
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings are forecast to decline by an average of 36% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.2% increase in shares outstanding). New Risk • May 12
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings are forecast to decline by an average of 36% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.2% increase in shares outstanding). Reported Earnings • May 01
First quarter 2024 earnings released: EPS: US$0.13 (vs US$0.091 in 1Q 2023) First quarter 2024 results: EPS: US$0.13 (up from US$0.091 in 1Q 2023). Revenue: US$413.6m (up 1.1% from 1Q 2023). Net income: US$41.9m (up 41% from 1Q 2023). Profit margin: 10% (up from 7.3% in 1Q 2023). Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 1.2% growth forecast for the Residential REITs industry in Europe. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Announcement • May 01
UDR, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal 2024; Reaffirms Earnings Guidance for the Full Year 2024 UDR, Inc. provided earnings guidance for the second quarter of fiscal 2024. For the quarter, the company expected net income per diluted share to be $0.13 to $0.15.For the year, the company expected net income per diluted share to be $0.33 to $0.45. New Risk • Apr 29
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings are forecast to decline by an average of 35% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.2% increase in shares outstanding). New Risk • Apr 26
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings are forecast to decline by an average of 35% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.3% increase in shares outstanding). New Risk • Apr 15
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 3.3% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.9x net interest cover). Earnings are forecast to decline by an average of 34% per year for the foreseeable future. Minor Risks Large one-off items impacting financial results. Shareholders have been diluted in the past year (3.3% increase in shares outstanding). Announcement • Apr 11
UDR, Inc. to Report Q1, 2024 Results on Apr 30, 2024 UDR, Inc. announced that they will report Q1, 2024 results After-Market on Apr 30, 2024 
