- FFO per Share: Adjusted FFO per share stood at 62 cents, matching the estimate of 62 cents, and up from 61 cents year-over-year.
- Total Revenue: Total revenue reached $415.3 million, a 2.7% increase from the previous year, slightly above the estimated $414.4 million.
- Rental Revenue: Rental revenue increased by 2.5% year-over-year to $413.3 million, just below the estimate of $413.8 million.
- Net Operating Income: Net operating income recorded a 2.6% rise to $284.0 million, surpassing the estimate of $264.1 million.
- Same-Store Net Operating Income: Same-store net operating income grew by 2%, exceeding the estimated growth of 1.37%.
- Guidance Update: Due to stronger pricing power, a robust operating platform, and an innovative culture, the full-year 2024 FFOA per share and same-store growth guidance expectations are being raised.
- Forward Growth Prospects: Optimism remains high with stable concessions, improved resident retention, robust other income growth in the high-single-digit range, and effective renewal lease rate growth for July and August between 4.5% and 5.0%.
- Analyst Ratings: There are 9 buy ratings, 12 hold ratings, and 0 sell ratings.
A look at Udr Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 5 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
UDR, Inc. receives varying Smart Scores across different factors, indicating a mixed outlook for the company’s long-term performance. With a high Growth score of 5, UDR Inc. is positioned well for expanding its apartment communities nationwide. Additionally, the company boasts a strong Dividend score of 4, making it an attractive option for investors seeking income-generating assets. On the other hand, UDR Inc. lags behind in Resilience with a score of 2, suggesting potential vulnerabilities in the face of market fluctuations. However, the company shows promise in Momentum with a score of 4, indicating positive market sentiment and potential for upward movement.
UDR, Inc. stands as a self-administered real estate investment trust with a primary focus on owning, operating, and developing apartment communities across the United States. Smart Scores reflect a combination of factors that investors consider valuable in assessing the company’s overall outlook. While UDR Inc. demonstrates strengths in Growth and Dividend, areas such as Resilience highlight potential challenges that the company may need to address. With a balanced mix of scores, investors are advised to conduct thorough research and weigh the various factors before making investment decisions related to UDR Inc.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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