UDR (UDR) Stock

UDR, Inc. (NYSE:UDR) will hold its Q3 2024 Results Conference Call on October 31, 2024, at 1:00 PM ET. The call will feature several company executives, including Trent Trujillo, Tom Toomey, and Joe Fisher, along with participants from various financial institutions. Please note that this conference call is being recorded.

UDR's results for the third quarter show a rise in income from their existing properties, thanks to a strong job market, even with a lot of new developments.

The financial results for UDR (UDR) provide an overview of the company's performance for the quarter ending in September 2024. It may be helpful to compare some important metrics with Wall Street predictions and figures from the same period last year.

UDR (UDR) reported quarterly funds from operations (FFO) of $0.62 per share, matching the Zacks Consensus Estimate. This is slightly lower than the FFO of $0.63 per share from the same period last year.

UDR (UDR) has received a Zacks Rank of #2 (Buy), indicating increased confidence in the company's potential earnings. This could lead to a rise in the stock price in the short term.

UDR's earnings for the third quarter are expected to benefit from a mix of different investments and new technology efforts, but a high level of supply may have had a negative impact.

DENVER--(BUSINESS WIRE)--UDR, Inc. (the “Company”) (NYSE: UDR), a top multifamily real estate investment trust, has announced that it will share its financial results for the third quarter of 2024 on Wednesday, October 30, 2024, after the market closes. A public conference call is scheduled for Thursday, October 31, 2024, at 1:00 p.m. Eastern Time, where company officials will discuss the results and recent developments.

UDR shares have done better than the market, increasing by 12% compared to the S&P 500's 6% rise, thanks to falling interest rates and steady apartment rents. UDR's success is linked to interest rates, gaining from the Federal Reserve's cuts, although this advantage might already be reflected in the prices. Additionally, UDR's focus on established markets with limited new supply has helped it manage the rental market decline, but this support may decrease next year.

UDR is expected to benefit from its varied collection of A/B quality properties in different markets, positive demographic trends, advancements in technology, and a strong financial position.