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Last $33.12 USD
Change Today +0.56 / 1.72%
Volume 2.2M
UDR On Other Exchanges
Symbol
Exchange
New York
Munich
As of 8:04 PM 06/1/15 All times are local (Market data is delayed by at least 15 minutes).

udr inc (UDR) Snapshot

Open
$32.63
Previous Close
$32.56
Day High
$33.20
Day Low
$32.45
52 Week High
03/23/15 - $35.49
52 Week Low
09/26/14 - $26.97
Market Cap
8.6B
Average Volume 10 Days
1.6M
EPS TTM
$0.81
Shares Outstanding
259.0M
EX-Date
04/14/15
P/E TM
40.7x
Dividend
$1.11
Dividend Yield
3.19%
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. Announces Closing of West Coast Development Joint Venture with The Wolff Company

UDR, Inc. closed the previously announced joint venture agreement with The Wolff Company. The company invested $136 million for a 48% interest in a portfolio of five communities that are currently under construction. The communities are located in three of the company's core, coastal markets: Metro Seattle, Los Angeles and Orange County, CA. The company's investment is based on an initial all-in price of $559 million and the transaction is immediately accretive to FFO. The company's average stabilized yield on initial price is estimated at 5.4%. In addition, the company will earn a 6.5% preferred return on its $136 million investment through each individual community's date of stabilization, defined as when a community reaches 80% occupancy for ninety consecutive days, while the Partner is allocated all economics during the pre-stabilization period. The company has a fixed price option to acquire the Partner's remaining interest in each community beginning one year after completion. If the options are exercised for all five communities, the company's total price will be $597 million and the company's all-in stabilized yield is estimated to be 5.0%.

UDR, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Provides Earnings Guidance for the Second Quarter of 2015; Increases Earnings Guidance for the Fiscal 2015

UDR, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, the company reported net income attributable to common stockholders of $72,891,000 or $0.28 per diluted share compared to $17,430,000 or $0.07 per diluted share reported in the same period last year. Income from continuing operations was $76,417,000 against loss from continuing operations of $5,195,000 reported last year. Diluted income per share from continuing operations attributable to common stockholders was $0.28 against $0.07 reported last year. Rental income was $207,047,000 against $194,352,000 reported last year. Total Revenue was $219,753,000 against $198,039,000 reported last year. Operating income was $45,273,000 against $26,510,000 reported last year. Income before income taxes, discontinued operations and gain on sale of real estate was $75,992,000 against loss before income taxes, discontinued operations and gain on sale of real estate of $8,524,000 reported last year. Funds from operations per share was $0.43 against $0.36 and funds from operations as adjusted per share was $0.40 against $0.36 and affo per share was $0.37 against $0.33 reported last year. Funds from operations as adjusted, diluted was $108,387,000 against $94,520,000 and funds from operations, basic was $115,040,000 against $94,107,000 reported last year. For the second quarter of 2015, the company expects funds from operations per share in the range of $0.39 to $0.41, funds from operations 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. For the year, the company expects funds from operations per share in the range of $1.63 to $1.67 against the previous range of $1.60 to $1.66, funds from operations as adjusted per share in the range of $1.61 to $1.65 against the previous range of $1.58 to $1.64 and affo per share in the range of $1.44 to $1.48 against the previous range of $1.41 to $1.47.

UDR, Inc., Annual General Meeting, May 21, 2015

UDR, Inc., Annual General Meeting, May 21, 2015., at 10:00 Mountain Daylight. Location: Hotel Teatro, 1100 14th Street. Agenda: To consider the election of Directors; to ratify the appointment of Ernst & Young LLP to serve as independent registered public accounting firm for the year ending december 31, 2015; to consider advisory vote to approve named executive officer compensation; and to transact such other business as may properly come before the meeting and any adjournment or postponement of the meeting.

 

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UDR Competitors

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Realty Income Corp $45.91 USD +0.34
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Industry Analysis

UDR

Industry Average

Valuation UDR Industry Range
Price/Earnings 40.3x
Price/Sales 10.0x
Price/Book 3.1x
Price/Cash Flow 14.7x
TEV/Sales 5.4x
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