earnings
confidence high
sentiment positive
materiality 0.75
UDR Q3 FFOA $0.60 per share, raises full-year guidance for third time
UDR, Inc.
2022-Q3 EPS reported
$0.12
revenue$1,117,730,000
- Q3 FFOA per diluted share $0.60, at high end of $0.58-$0.60 guidance; AFFO $0.54 vs $0.46 YoY.
- Same-store NOI grew 15.5% YoY (straight-line); raised FY2022 SS NOI growth guidance to 14.00%-14.75%.
- Repurchased 1.2M shares for $49M at avg $41.14; settled ~1.8M forward shares for $99.8M at $57.00.
- Contracted to sell Orange County community for $41.5M (expected Q4 close); funded $102M DCP investment.
- Published 4th annual ESG report; earned GRESB 5 Star and Public Disclosure score 'A'.