UDR's Q1 results highlight growth in same-store net operating income and weighted average same-store physical occupancy. The company also apprises about rent collections for April.
As the underlying asset categories and location of properties play a crucial role in determining REITs' performance, not all REIT types were equally challenged by the coronavirus pandemic in Q1.
While UDR's Q1 performance will likely reflect healthy rental housing demand and gains from innovative technological solutions and process enhancement efforts, seasonality and high supply remain woes.
Residential REIT Outlook Bright Despite Coronavirus Woes
UDR expects first-quarter results to be in line with its previously-issued guidance and updates on financial position.
UDR's hiked dividend of 36 cents marks the company's 190th consecutive quarterly dividend distribution on its common stock.
UDR (UDR) reported earnings 30 days ago. What's next for the stock? We take a look at earnings estimates for some clues.
While UDR's Q4 performance will likely reflect efforts to boost operating margins on innovative technological solutions and process enhancement, high supply of new units might have been a spoilsport.
Encouraging Near-Term Outlook for Residential REIT Stocks