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

Issuer:     UDR, Inc. (UDR)
CIK:        0000074208
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0000074208-24-000036
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UDR Q1 FFOA $0.61; raises full-year FFOA guidance midpoint by $0.02
-------------------------------------------------------------------

- Q1 FFOA $0.61/diluted share vs guidance $0.60-$0.62 and prior year $0.60.
- Same-store revenue +3.1% YoY; NOI +1.2% (2.7% ex one-time payroll credit in prior year).
- Sold Crescent Falls Church (214 homes) for $100M; completed $53.5M Villas at Fiori development.
- Raised FY2024 FFOA midpoint to $2.44 from $2.42; AFFO to $2.18 from $2.16.
- Philadelphia JV refinanced loan, adding $0.02 to FY FFOA per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74208/000007420824000036/0000074208-24-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74208/000007420824000036/udr-20240430x8k.htm
  HTML page:      https://secwatch.observer/filing/0000074208-24-000036

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