secwatch.observer — SEC 8-K summary
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Issuer:     UDR, Inc. (UDR)
CIK:        0000074208
Form:       8-K
Filed at:   2023-10-26T23:59:59+00:00
Accession:  0000074208-23-000063
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UDR Q3 FFOA $0.63 meets low end of guidance; cuts FY 2023 outlook
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- Q3 FFOA $0.63 per share ($0.62-$0.64 guidance; $0.60 YoY); AFFO $0.55 vs $0.56-$0.58 guidance.
- Same-store NOI +6.1% YoY, revenue +5.3%, expense +3.4% (straight-line concessions).
- FY 2023 FFO per share midpoint lowered to $2.46 from $2.50; AFFO to $2.24 from $2.26.
- Acquired 1,753-home Texas portfolio for ~$402.2M (previously announced).
- Repurchased 0.6M shares at $40.13 avg price for $25.0M in Q3.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74208/000007420823000063/0000074208-23-000063-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74208/000007420823000063/udr-20231026x8k.htm
  HTML page:      https://secwatch.observer/filing/0000074208-23-000063

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