- UDR’s total revenue for the fourth quarter of 2024 was $422.7 million, representing a 2.3% increase year-over-year and meeting analysts’ estimate of $421.2 million.
- Rental revenue for the quarter was $420.4 million, also reflecting a 2.3% year-over-year growth and slightly below the estimated $421.1 million.
- Funds from Operations (FFO) per share, as adjusted, remained steady at 63 cents, matching the previous year’s performance.
- The same-store net operating income grew by 2.1%, surpassing the forecasted estimate of 1.76% growth.
- According to Tom Toomey, UDR’s Chairman and CEO, the year 2024 was successful, with FFO per share growth surpassing original guidance despite high supply levels.
- Chief Operating Officer Mike Lacy highlighted better-than-expected growth in same-store revenue, expenses, and net operating income in the fourth quarter, leading to full-year same-store NOI growth exceeding their guidance range.
- The market sentiment towards UDR included 12 buy recommendations, 12 holds, and 1 sell recommendation.
A look at Udr Inc Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 4 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
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., a self-administered real estate investment trust, is looking at a bright long-term outlook based on the Smartkarma Smart Scores analysis. With a respectable Value score of 3, indicating decent valuation metrics, UDR Inc appears to be reasonably priced for investors. The company also shines in terms of Dividend and Growth scores, both at 4, affirming its ability to provide investors with attractive dividend payouts and potential for growth over time. However, UDR Inc does face challenges in terms of Resilience, scoring a 2, signaling some vulnerability to market fluctuations. Additionally, a Momentum score of 3 suggests a steady but not exceptional performance in the market for UDR Inc.
Overall, UDR Inc’s outlook seems promising with strong indicators in Dividend and Growth areas. Its nationwide presence in owning, operating, and developing apartment communities provides a solid foundation for long-term success. While the Resilience score indicates a need for caution, the company’s ability to generate dividends and exhibit growth potential bodes well for investors seeking stability and performance in the real estate sector.
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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