UDR Earnings Prediction
The chart below shows how UDR performed 10 days before and after its earnings report, based on data from the past quarters. Typically, UDR sees a -1.91% change in stock price 10 days leading up to the earnings, and a -0.15% change 10 days following the report. On the earnings day itself, the stock moves by -0.36%. This data can give you a slight idea of what to expect for the next quarter's release.
UDR Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
422.73M
2.29%
0.61%
Gross Margin
64.64%
-0.51%
1.02%
Operating Margin
19.31%
8.18%
6.92%
Net Margin
-1.31%
-115.06%
-122.86%
EPS
-0.02
-120.00%
-133.33%
No Data Available
UDR Earnings Analysis
UDR Inc Corporation (UDR.N) Earnings Conference Call
Positive
FFOA Per Share Results: Fourth quarter and full year 2024 FFOA per share results of $0.63 and $2.48 achieved the midpoint of guidance, with same-store NOI growth exceeding the high end of expectations.
Occupancy Rate Improvement: Occupancy trended sequentially higher each month during Q4, resulting in a 50 basis point improvement versus Q3, and maintaining occupancy above 97% in early 2025, approximately 30 basis points higher than Q4 average.
Rental Market Outlook: The 2025 rental forecast of 2% is supported by favorable economic factors, including GDP, job and wage growth, and a continued decline in home ownership rates, enhancing demand for rentals.
Same-Store Revenue Guidance: Same-store revenue growth guidance for 2025 ranges from 1.25% to 3.25%, with a midpoint of 2.25%, driven by a projected 2.5% blended lease rate growth and contributions from innovation initiatives.
Strong Balance Sheet Stability: The balance sheet remains strong with over $1 billion in liquidity and only 10% of total consolidated debt maturing through 2026, significantly reducing refinancing risk.
Negative
FFOA Performance Analysis: Fourth quarter FFOA per share of $0.63 and full year FFOA per share of $2.48 achieved only the midpoint of previously provided guidance, indicating a lack of growth momentum.
Same-Store Revenue Growth Guidance: Same-store revenue growth guidance for 2025 ranges from 1.25% to 3.25%, with the low end reflecting potential occupancy loss and flat blended lease rate growth, suggesting a challenging operating environment ahead.
Same-Store Expense Growth: The 2025 same-store expense growth is expected to be 3.5% at the midpoint, driven by increases in real estate taxes and personnel costs, indicating rising operational pressures.
Occupancy Strategy Impact: The occupancy-focused strategy led to slightly lower blended lease rate growth than originally expected, which may hinder revenue potential in the near term.
Investment Risk Management: The company has moved its largest investment risk, 1,300 Fairmount, to nonaccrual status, indicating significant concerns about the viability of this investment and potential future losses.
UDR FAQs
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UDR Earning Call Sentiment
UDR, Inc. (NYSE:UDR) Q4 2024 Earnings Call Transcript
UDR.N
-0.42%Positive
The earnings call summary and Q&A session reflect a positive outlook. The company raised its FFOA guidance and same-store revenue growth, indicating strong financial performance. There is optimism for growth, especially with new initiatives like CRM implementation and a partnership to enhance customer experience. Although there are challenges, such as capital for development projects and regulatory risks, the overall sentiment is positive, with raised guidance and strategic growth plans. The market is likely to react positively, potentially within the 2% to 8% range, given the optimistic guidance and growth strategies.
