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AI brief of an SEC Form 8-K · UDR (UDR)

UDR raises 2024 FFOA guidance midpoint; Q3 revenue up 2.4%, FFO per share down 2%

Mixed Impact 4 of 5 guidance Written later

UDR reported third quarter 2024 results on October 30, 2024. Total revenue rose 2.4% year over year to $420.2 million, but FFO per diluted share fell to $0.60 from $0.61 and net income per diluted share fell to $0.06 from $0.10. The company narrowed its full-year 2024 FFOA per diluted share guidance to $2.47 to $2.49 from $2.42 to $2.50, raising the midpoint by $0.02 to $2.48.

Key points

  • Q3 2024 FFO per diluted share was $0.60 versus $0.61 a year earlier; FFOA was $0.62 versus $0.63; AFFO was $0.54 versus $0.55.
  • Full-year 2024 FFO per diluted share guidance is $2.42 to $2.44, with the midpoint up $0.01 to $2.43.
  • Same-Store revenue grew 1.2% year over year in Q3 2024, while Same-Store expenses rose 2.0%.
  • Q3 included an $8.1 million non-cash impairment loss on the Junction preferred equity investment.

The filing

CompanyUDR (UDR)
Form8-K, current report
Filed with the SECOct 30, 2024, 4:22 PM ET
Accession number0000074208-24-000077

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 30, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.