secwatch.observer — SEC 8-K summary
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Issuer:     UDR, Inc. (UDR)
CIK:        0000074208
Form:       8-K
Filed at:   2024-02-06T23:59:59+00:00
Accession:  0000074208-24-000005
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UDR reports Q4 FFO $0.61/share (miss guidance), FY 2024 SS NOI guidance -1.75%-1.75%
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- Q4 net income $0.10/diluted share (in-line); FFO $0.61 (vs guide $0.62-$0.64); AFFO $0.54 (vs guide $0.56-$0.58).
- Full-year 2023 FFO $2.45/share (at low end of $2.45-$2.47 guide); FFOA $2.47; AFFO $2.21.
- Q4 same-store NOI growth 2.3% YoY (straight-line basis); FY 2024 guidance for SS NOI growth -1.75% to 1.75%.
- Acquired One Upland ($114.3M) and sold The Arbory ($78.6M); agreed to sell Crescent Falls Church ($100M), expected Q1 2024 close.
- Consolidated Oakland JV after developer exit; recorded $24.3M non-cash loss ($0.07/diluted share).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74208/000007420824000005/0000074208-24-000005-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74208/000007420824000005/udr-20240206x8k.htm
  HTML page:      https://secwatch.observer/filing/0000074208-24-000005

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