earnings
confidence high
sentiment positive
materiality 0.75
UDR Q4 net loss of $0.02/sh; FFOA met guidance; dividend increased; 2025 guidance established
UDR, Inc.
2024-FY EPS reported
$0.26
revenue$1,671,842,000
- Q4 2024 net loss per share $(0.02) vs guidance $0.10-$0.12; FFO $0.48 (missed $0.61-0.63), FFOA $0.63 (met)
- Full-year 2024 FFOA per share $2.48 at high end of guidance ($2.47-2.49); same-store NOI growth 1.5%
- Recorded $37.3M non-cash loan reserve on 1300 Fairmount; expects $8M less income from that investment in 2025
- Post-quarter closed sales: Leonard Pointe ($127.5M) and One William ($84.0M)
- 2025 guidance: FFOA $2.45-2.55 midpoint $2.50; same-store NOI growth 0.5%-3.0%