Every material Form 8-K UDR filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
UDR, Inc. entered into a second amendment to its credit agreement on August 14, 2024, extending its $1.3 billion senior unsecured revolving credit facility and adding an extension option to its $350 million term loan. The amended agreement allows total commitments and borrowings to be increased to up to $2.5 billion, subject to conditions, which gives the company expanded borrowing capacity.
Revolving Credit Facility matures August 31, 2028, with two six-month extension options
Term Loan matures January 31, 2027, with one twelve-month extension option
Accordion feature allows up to $2.5 billion in aggregate commitments and borrowings, subject to lender commitments
Based on current credit rating, revolver margin is 77.5 basis points and facility fee is 15 basis points
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.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every UDR filing is on SEC EDGAR ↗. 8-K briefs of other companies →