UDR, the multifamily REIT, has recently experienced significant shifts in both its executive leadership and financial performance, hinting at possible challenges but also opportunities for investors. Notably, Joe Fisher, the firm's President and Chief Investment Officer, has stepped down, and Dave Bragg has taken up the mantle of CFO. These changes could potentially reset UDR's investment strategies and affect internal cohesion. Financially, UDR's performance has been mixed. Despite meeting expectations in Q2 and raising its same-store guidance, its stock price has been downgraded by several agencies, including BMO Capital, JPMorgan, and Wells Fargo, although Evercore ISI has upgraded its rating on growth outlook and reaffirmed its dividend streak with a $0.43 Q3 2025 payout. The firm has also experienced legal setbacks, having to settle with tenants in a racial and sexual harassment case. Meanwhile, Zacks Research has issued a negative estimate for UDR's Q2 earnings. However, UDR is still identified as an outperformer, beating Q2 FFO and revenue estimates.
Udr UDR News Analytics from Wed, 25 Sep 2024 07:00:00 GMT to Fri, 19 Sep 2025 22:31:29 GMT - Rating 0 - Innovation 0 - Information 2 - Rumor -3
