NYSE$UDR
UDR Inc · Q2 2020 earnings
Q2 2020 earnings · · Investor relations
Briefing
UDR reported second quarter results with increased total revenue and net income, but same-store NOI declined due to bad debt reserves.
UDR's second quarter 2020 results showed an increase in total revenue driven by growth from acquisition communities. Net income also increased, primarily due to NOI growth and gains from community sales. However, same-store NOI declined due to bad debt reserves. The company continues to implement its Next Generation Operating Platform and made strategic investments and capital market moves.
- Net income per share was $0.19, FFO per share was $0.51, and AFFO per share was $0.47.
- Net income attributable to common stockholders was $56.7 million, up from $34.6 million in the prior year period.
- Combined Same-Store revenue declined by 2.1 percent, and NOI declined by 4.0 percent year-over-year.
- The company sold Waterscape for $92.9 million and Borgata Apartment Homes for $49.7 million.
Headline financials
Revenue & EPS history
UDR · Revenue · Quarterly
$307M
Forward guidance
UDR did not provide guidance for the remainder of 2020 due to ongoing regulatory impediments and uncertainties surrounding state re-openings.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2020
-0.3%
Avg return
Earnings day
+0.8%
Avg return
5 days after
+1.7%
Avg return
30 days after
50%
34 / 68 earnings
Positive
+5.5%
Q3 2020
Best reaction
-12.1%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.3% | +2.2% | +2.0% | |
| Q4 2025 | +4.3% | +0.9% | -4.5% | |
| Q3 2025 | +0.2% | +2.1% | +8.5% | |
| Q1 2025 | +1.7% | +2.3% | -1.1% | |
| Q4 2024 | +1.8% | +1.3% | +5.4% | |
| Q3 2024 | -3.3% | -3.5% | +5.2% | |
| Q2 2024 | -2.6% | -1.4% | +7.2% | |
| Q1 2024 | -2.1% | -0.2% | -1.1% | |
| Q4 2023 | -0.3% | -0.2% | +6.4% | |
| Q3 2023 | -7.1% | -6.4% | -1.9% | |
| Q2 2023 | -3.9% | -3.2% | -7.3% | |
| Q1 2023 | +0.6% | +0.9% | -4.0% | |
| Q4 2022 | +1.1% | +1.6% | -3.0% | |
| Q3 2022 | -3.2% | -2.0% | +0.4% | |
| Q2 2022 | +1.0% | +5.1% | +3.5% | |
| Q1 2022 | -3.2% | -7.9% | -17.7% | |
| Q4 2021 | +1.2% | -1.9% | +1.7% | |
| Q3 2021 | +1.4% | +1.6% | +5.5% | |
| Q2 2021 | +0.7% | -0.4% | -4.3% | |
| Q1 2021 | -2.2% | -0.8% | +0.4% | |
| Q4 2020 | +1.9% | +4.3% | +6.4% | |
| Q3 2020 | +5.5% | +16.8% | +32.5% | |
| Q2 2020 | -0.1% | +2.5% | -1.0% | |
| Q1 2020 | +3.4% | +3.2% | +13.9% | |
| Q4 2019 | -0.2% | +1.9% | -16.5% | |
| Q3 2019 | +2.7% | +1.4% | -2.1% | |
| Q2 2019 | -1.1% | -0.6% | +3.3% | |
| Q1 2019 | +0.2% | +0.2% | -0.4% | |
| Q4 2018 | +0.3% | +0.1% | +1.8% | |
| Q3 2018 | +3.6% | -0.1% | +7.3% | |
| Q2 2018 | +4.0% | +5.8% | +8.3% | |
| Q1 2018 | +1.7% | +2.8% | +1.0% | |
| Q4 2017 | -1.1% | -1.1% | +0.9% | |
| Q3 2017 | +0.7% | -0.1% | +2.2% | |
| Q2 2017 | +0.0% | +1.1% | +0.9% | |
| Q1 2017 | +2.3% | +3.1% | +6.0% | |
| Q4 2016 | +0.1% | -0.7% | +4.4% | |
| Q3 2016 | +1.9% | +0.7% | -0.6% | |
| Q2 2016 | -2.8% | +0.4% | -2.7% | |
| Q1 2016 | +0.3% | — | — | |
| Q4 2015 | +0.6% | — | — | |
| Q3 2015 | -0.4% | — | — | |
| Q2 2015 | -0.3% | — | — | |
| Q1 2015 | +1.0% | — | — | |
| Q4 2014 | +0.4% | — | — | |
| Q3 2014 | -0.0% | — | — | |
| Q2 2014 | +1.2% | — | — | |
| Q1 2014 | +0.1% | — | — | |
| Q4 2013 | +2.9% | — | — | |
| Q3 2013 | -0.4% | — | — | |
| Q2 2013 | -1.6% | — | — | |
| Q1 2013 | -0.7% | — | — | |
| Q4 2012 | +0.9% | — | — | |
| Q3 2012 | +0.2% | — | — | |
| Q2 2012 | -1.2% | — | — | |
| Q1 2012 | -0.2% | — | — | |
| Q4 2011 | -1.6% | — | — | |
| Q3 2011 | +0.1% | — | — | |
| Q2 2011 | -12.1% | — | — | |
| Q1 2010 | -1.5% | — | — | |
| Q1 2011 | +1.9% | — | — | |
| Q4 2010 | -1.4% | — | — | |
| Q4 2008 | -1.4% | — | — | |
| Q3 2010 | -3.3% | — | — | |
| Q3 2009 | -3.3% | — | — | |
| Q2 2010 | -2.3% | — | — | |
| Q2 2009 | -2.3% | — | — | |
| Q4 2009 | -2.3% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro