Market Currents

• Monday, October 19, 2009

• 16:09 PM UDR Inc. (UDR): Q3 FFO of $0.31 beats by $0.01. Rental income of $150M (+2%) vs. $149M. Lowers full-year FFO guidance to $1.14-1.20 from $1.23-1.35, vs. consensus of $1.27. (PR) Comment!
• 00:10 AM Notable post-market earnings: AAPL, ATHR, BSX, JDAS, LNCR, PKG, STLD, TXN, UDR, VLTR, WERN, ZION Comment!

• Tuesday, September 22, 2009

• 16:42 PM So are multifamily REITs in or out? FBR upgrades UDR (UDR), while R.W. Baird downgrades Mid-America Apartment (MAA). Meanwhile, UDR drew down again on its $200 million Fannie Mae (FNM) credit facility. The REIT also drew $107 million on Sept. 8 from a $200M credit line with Red Mortgage Capital. Comment!

• Thursday, August 6, 2009

• 09:00 AM Premarket gainers: RTK +161%. SXCI +27%. MBI +20%. CSIQ +19%. ABK +18%. FNM +18%. AIG +15%. AIB +14%. THOR +11%. GNW +11%. CIT +9%. CBEY +9%. CRIS +9%. UDR +9%. CYTR +8%. M +9%. BZ +7%. UN +7%. LYG +7%. PMI +6%. ETFC +6%. WEN +5%. FIG +5%. BCS +5%. KFN +5%. HIG +5%. BEAT +4%. SOL +4%. GPS +4%. DRL +4%. YGE +4%. CHK +4%. CETV +4%. TLAB +4%. BCE +4%. C +5%. ONNN +4%. LDK +4%. HBAN +4%. Comment!

• Tuesday, August 4, 2009

• 16:19 PM UDR Inc. (UDR): Q2 FFO of $0.35 beats by $0.04. Revenue of $152M (+9%) vs. $148M. Sees full-year FFO of $1.23-1.35 vs. $1.22. Shares +0.1% AH. (PR) Comment!
• 00:10 AM Notable earnings after Tuesday's close: ACAS, AUY, BID, BMC, BRE, CAR, CBL, CEDC, CEPH, CTRP, ERTS, FRT, HLS, JLL, KFT, PL, PXD, SOLR, TSRA, UDR, UNM, VCLK, WFMI, XCO 1 Comment

• Wednesday, July 8, 2009

• 12:27 PM Meanwhile apartment REITs such as AVB, AIV, EQR, UDR are struggling as rents fall and vacancies hit a 22-year high. Comment!

• Tuesday, May 5, 2009

• 17:07 PM UDR Inc. (UDR): Q1 FFO of $0.37 beats by $0.04. Sees full-year FFO in-line with consensus. Shares +6.4% AH. (PR) Comment!
• 15:10 PM Notable earnings after Tuesday's close: ARM, ATML, BRE, CEDC, CEPH, CRL, CTX, CUZ, DEI, DIS, ERTS, HLX, HRS, KGC, LNC, LVS, ONNN, PHM, PXD, UDR, UPL, VCLK, XCO Comment!
• 00:10 AM Notable earnings after Tuesday's close: ARM, ATML, BRE, CEDC, CEPH, CRL, CTX, CUZ, DEI, DIS, ERTS, HLX, HRS, KGC, LNC, LVS, ONNN, PHM, PXD, UDR, UPL, VCLK, XCO Comment!

• Friday, February 13, 2009

• 13:18 PM It isn't shocking that residential or apartment REITs such as Colonial Properties (CLP) or UDR (UDR) have completely stopped developments for 2009. Of note is that ProLogis (PLD), an industrial REIT, is doing the same. Comment!

• Monday, February 9, 2009

• 17:37 PM UDR Inc. (UDR): Q4 FFO of $0.31 misses by $0.07. Revenue of $149.5M (+19.5%) vs. $147M. Sees 2009 FFO of $1.23-1.35 vs. $1.36. (PR) Comment!
• 15:10 PM Notable earnings after Monday's close: AXS, CPT, CRK, CRL, CUZ, GNW, LNC, NUAN, PEG, PLD, PPDI, TWTC, UDR, VMC Comment!

• Monday, November 3, 2008

• 15:10 PM Notable earnings after Monday's close: ADP, APC, CRK, EOG, ERJ, EXTR, FST, HCN, HLF, MA, MHK, OTEX, PBI, PFG, POM, SM, UDR, VIA Comment!
• 00:10 AM Notable earnings after Monday's close: ADP, APC, CRK, EOG, ERJ, EXTR, FST, HCN, HLF, MA, MHK, OTEX, PBI, PFG, POM, SM, UDR, VIA Comment!