secwatch.observer — SEC 8-K summary
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Issuer:     UDR, Inc. (UDR)
CIK:        0000074208
Form:       8-K
Filed at:   2024-07-30T23:59:59+00:00
Accession:  0000074208-24-000057
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UDR Q2 FFOA $0.62 meets high-end guidance; raises full-year 2024 FFOA & AFFO midpoint by $0.02
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- Q2 2024 net income $0.08/diluted share; FFO $0.60, FFOA $0.62, AFFO $0.55 per share.
- Same-store revenue +2.5%, expense +3.7%, NOI +2.0% YoY (concessions straight-lined).
- Full-year 2024 FFOA guidance raised to $2.42-$2.50 (midpoint $2.46); AFFO to $2.16-$2.24 (midpoint $2.20).
- Completed $134M 330-home community in Tampa, FL during Q2.
- Post-quarter: funded $25.9M preferred equity DCP at 10.75% return; received $17.2M partial paydown on Vernon Boulevard.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/74208/000007420824000057/0000074208-24-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/74208/000007420824000057/udr-20240730x8k.htm
  HTML page:      https://secwatch.observer/filing/0000074208-24-000057

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