secwatch.observer — SEC 8-K summary
======================================

Issuer:     UDR, Inc. (UDR)
CIK:        0000074208
Form:       8-K
Filed at:   2023-02-06T23:59:59+00:00
Accession:  0000074208-23-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UDR Q4 net income $0.13/sh misses guidance; board raises dividend 10.5%
-----------------------------------------------------------------------

- Q4 2022 FFO per share $0.56 below guidance $0.60-$0.62; FFOA $0.61 met midpoint.
- Full-year 2022 FFOA per share $2.33 at top of guidance; AFFO $2.11 within range.
- Board approved 10.5% dividend increase to $0.42/quarter, FY 2023 dividend $1.68 vs $1.52.
- Same-store NOI grew 14.5% YOY (straight-line basis); settled forward equity for $179.6M, debt-to-EBITDAre 5.6x.
- 2023 guidance: FFOA $2.45-$2.53, same-store NOI growth 6.25%-8.75%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74208/000007420823000003/0000074208-23-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74208/000007420823000003/udr-20230206x8k.htm
  HTML page:      https://secwatch.observer/filing/0000074208-23-000003

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer