UDR, Inc. recently disclosed its financial outcomes for the quarter ending on September 30, 2024. In its Form 8-K filing with the Securities and Exchange Commission (SEC) on October 30, 2024, the company announced revenues totaling $418,088,000 for the mentioned period. The net income attributable to UDR, Inc. in the third quarter of 2024 amounted to $24,077,000.
The breakdown of operating information by property types reveals that the Same-Store Communities generated $393,654,000 in revenues, with expenses amounting to $123,388,000, resulting in a net operating income of $270,266,000. The Stabilized, Non-Mature Communities produced revenues of $14,800,000 and an operating income of $9,127,000. In contrast, the Development Communities incurred slight losses on net operating income.
Investors and stakeholders in UDR are encouraged to consult the full Form 8-K filing for a comprehensive overview of the company’s financial performance and position in the third quarter of 2024.
This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read UDR’s 8K filing here.
About UDR
UDR, Inc (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S.
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