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Last $31.97 USD
Change Today +0.205 / 0.65%
Volume 90.9K
As of 9:51 AM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

udr inc (UDR) Snapshot

Open
$31.86
Previous Close
$31.76
Day High
$32.02
Day Low
$31.82
52 Week High
08/18/15 - $35.68
52 Week Low
09/26/14 - $26.97
Market Cap
8.4B
Average Volume 10 Days
2.3M
EPS TTM
$1.03
Shares Outstanding
262.0M
EX-Date
07/8/15
P/E TM
31.1x
Dividend
$1.11
Dividend Yield
3.37%
Current Stock Chart for UDR INC (UDR)

udr inc (UDR) Related Businessweek News

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udr inc (UDR) Details

UDR, Inc. is an independent real estate investment trust. The firm invests in the real estate markets of the United States. It owns, operates, acquires, renovates, develops, redevelops, and manages multifamily apartment communities. The firm was previously known as United Dominion Realty Trust, Inc. UDR, Inc. was founded in 1972 and is headquartered in Denver, Colorado with additional offices in Dallas, Texas; Houston, Texas; Newport Beach, California; Orlando, Florida; Phoenix, Arizona; Santa Clara, California; Tampa, Florida; and Washington DC, Virginia.

1,523 Employees
Last Reported Date: 02/24/15
Founded in 1972

udr inc (UDR) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $750.0K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $400.0K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $400.0K
Senior Executive Vice President, Corporate Co...
Total Annual Compensation: $475.0K
Senior Vice President of Asset Management
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2014.

udr inc (UDR) Key Developments

UDR, Inc. Declares Quarterly Dividend for the Second Quarter 2015, Payable on July 31, 2015; Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Funds Flow Guidance for the Third Quarter of 2015; Revises Financial Guidance for the Full Year of 2015

The Board of Directors of UDR, Inc. declared a regular quarterly dividend on its common stock for the second quarter of 2015 in the amount of $0.2775 per share. The dividend will be paid in cash on July 31, 2015 to the company's common stock shareholders of record as of July 10, 2015. The company announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported total revenue of $215,862,000 against $203,706,000 a year ago period. Operating income was $39,302,000 against $32,862,000 a year ago. Income from continuing operations was $10,842,000 or $0.33 per basic and diluted share against $4,359,000 or $0.12 per basic and diluted share a year ago period. Net income attributable to the company was $86,855,000 or $0.33 per basic and diluted share against $30,007,000 or $0.12 per basic and diluted share a year ago period. Income before income taxes and discontinued operations was $9,438,000 against $2,169,000 a year ago. Funds from operations attributable to common stockholders and unitholders-diluted were $110,272,000 or $0.41 per diluted share against $101,183,000 or $0.39 per diluted share a year ago period. FFO as adjusted, diluted was $114,598,000 or $0.42 per share against $102,306,000 or $0.39 per share a year ago period. Recurring capital expenditures were $10,111,000 against $11,096,000 a year ago. EBITDA was $220,214,000, EBITDA - adjusted for non-recurring items was $144,567,000 and net debt as at June 30, 2015 was $3,561,413,000. For the six months, the company reported total revenue of $435,615,000 against $401,745,000 a year ago period. Operating income was $84,575,000 against $59,372,000 a year ago. Income from continuing operations was $87,259,000 against loss from continuing operations of $836,000 a year ago period. Net income attributable to the company was $160,677,000 or $0.61 per diluted share against $48,368,000 or $0.18 per diluted share a year ago period. Income before income taxes and discontinued operations was $85,430,000 against loss before income taxes and discontinued operations of $6,355,000 a year ago. Funds from operations attributable to common stockholders and unitholders-diluted were $227,174,000 or $0.84 per diluted share against $197,152,000 or $0.75 per diluted share a year ago period. FFO as adjusted, diluted was $222,985,000 or $0.82 per share against $196,826,000 or $0.74 per share a year ago period. Recurring capital expenditures were $17,354,000 against $17,697,000 a year ago. For the third quarter of 2015, the company expects FFO per share in the range of $0.39 to $0.41, FFO as adjusted per share in the range of $0.39 to $0.41, and AFFO per share in the range of $0.34 to $0.36. For the full-year 2015, the company has increased its previously provided earnings guidance ranges as a result of better-than-expected operations and expected accretion from its newly formed West Coast development joint venture. The company now expects FFO per share in the range of $1.64 to $1.68, FFO as adjusted per share in the range of $1.63 to $1.67, and AFFO per share in the range of $1.46 to $1.50 compared to previous guidance of FFO per share in the range of $1.63 to $1.67, FFO as adjusted per share in the range of $1.61 to $1.65, and AFFO per share in the range of $1.44 to $1.48.     For the full-year 2015, the company has increased its previously provided same-store growth guidance ranges as a result of stronger-than-expected new lease and renewal rate growth combined with stable occupancy and lower turnover. Revenue is expected to be in the range of 5.00% to 5.50%, net operating income to be in the range of 5.75% to 6.75% compared to previous guidance of revenue in the range of 4.25% to 4.75%, net operating income to be in the range of 4.75% to 5.75%.

UDR, Inc. Appoints Mary Ann King to Its Audit and Risk Management Committee and the Governance Committee of the Board of Directors

On July 16, 2015, Mary Ann King was appointed to the Board of Directors of UDR, Inc. effective July 16, 2015. Ms. King will serve on the Audit and Risk Management Committee and the Governance Committee of the Board of Directors. In connection with her appointment, Ms. King will be eligible for compensation under the company's independent director compensation program. She is responsible for the firm's California practice. Prior to forming the brokerage business, Ms. King was the VP of acquisitions for Moran & Company's private equity business between 1983 and 1994.

UDR, Inc. to Report Q2, 2015 Results on Jul 27, 2015

UDR, Inc. announced that they will report Q2, 2015 results at 5:00 PM, Eastern Standard Time on Jul 27, 2015

 

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UDR:US $31.94 USD +0.18

UDR Competitors

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Company Last Change
Alexandria Real Estate Equities Inc $85.95 USD +0.61
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Realty Income Corp $44.34 USD +0.113
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Industry Analysis

UDR

Industry Average

Valuation UDR Industry Range
Price/Earnings 30.8x
Price/Sales 9.6x
Price/Book 2.9x
Price/Cash Flow 13.0x
TEV/Sales 5.1x
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