UDR said net income attributable to common stockholders for 2024 was $84.8 million ($0.26 per diluted share), down from $439.5 million ($1.34 per share) in the prior year. The company cited a smaller gain on the sale of real estate of $16.9 million compared to $351.2 million in the prior year among the factors.

1. 01

   UDR said net income attributable to common stockholders for 2024 was $84.8 million ($0.26 per diluted share), down from $439.5 million ($1.34 per share) in the prior year. The company cited a smaller gain on the sale of real estate of $16.9 million compared to $351.2 million in the prior year among the factors.

2. 02

   UDR said net cash provided by operating activities for 2024 was $876.8 million, up from $832.7 million in 2023, and net cash used in investing activities was $(276.4) million compared to $(289.1) million in 2023. The company cited an increase in net operating income as a factor in the rise in operating cash flow.

3. 03

   UDR said Same-Store NOI for 2024 increased 1.5% ($15.3 million), and total property NOI increased $24.1 million. Same-Store rental income rose 2.3% ($34.7 million) and operating expenses increased 4.3% ($19.4 million).

4. 04

   UDR said it issued $300.0 million of 5.125% senior medium-term notes due September 1, 2034 in August 2024 and used the net proceeds to pay down borrowings under its commercial paper program. The all-in weighted average interest rate, inclusive of the impact of treasury locks, was 4.95%.

Key figures

Fiscal year ended December 31, 2024

Revenue

$1.7B

Operating income

$285M

Net income

$90M

EPS

$0.26

Operating cash flow

$877M

Analysis scope · Management's discussion (MD&A)We analyzed excerpts of the Management's Discussion and Analysis (MD&A) section (with omissions). Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

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

The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.