The company said it reported net income, FFO, FFOA and AFFO per diluted share of $0.06, $0.60, $0.62 and $0.54 for Q3 2024. Net income for the prior-year period was $0.10, a 40% decline, and FFO, FFOA and AFFO each fell $0.01 (2%).

1. 01

   The company said it reported net income, FFO, FFOA and AFFO per diluted share of $0.06, $0.60, $0.62 and $0.54 for Q3 2024. Net income for the prior-year period was $0.10, a 40% decline, and FFO, FFOA and AFFO each fell $0.01 (2%).

2. 02

   The company gave a full-year 2024 FFOA per diluted share outlook of $2.47 to $2.49 and said the midpoint rose $2.48 (+$0.02) from the prior $2.42 to $2.50 range. Its full-year Same-Store NOI growth outlook is 1.00% to 1.40%, with a midpoint of 1.20% (+0.45%).

3. 03

   The company said total revenue for Q3 2024 rose $10.0 million (2.4%) year over year to $420.2 million. On a Same-Store basis, revenue increased 1.2% year over year, expenses increased 2.0% and NOI increased 0.8%.

4. 04

   UDR said it had fully funded $550.9 million of commitments under its Debt and Preferred Equity Program as of the end of Q3. As of September 30, 2024, its total debt was $5.9 billion, and $180 million (3.2%) of it matures through 2025.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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