UDR, Inc. (UDR) CEO Thomas Toomey on Q1 2021 Results - Earnings Call Transcript

Apr. 28, 2021 10:25 PM ETUDR, Inc. (UDR) Stock
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Q1: 2021-04-27 Earnings Summary

10-Q
EPS of $0.01 misses by $0.01 | Revenue of $299.83M (-6.33% Y/Y) misses by $952.48K

UDR, Inc. (NYSE:UDR) Q1 2021 Earnings Conference Call April 28, 2021 1:00 PM ET

Company Participants

Trent Trujillo - Director, IR
Thomas Toomey - Chairman & CEO
Michael Lacy - SVP, Property Operations
Joseph Fisher - SVP & CFO
Harry Alcock - CIO & SVP
Chris Van Ens - VP, Operations

Conference Call Participants

Nick Joseph - Citigroup
Austin Wurschmidt - KeyBanc Capital Markets
Jeffrey Spector - Bank of America Merrill Lynch
Richard Hill - Morgan Stanley
Rich Anderson - SMBC
Richard Hightower - Evercore ISI
Neil Malkin - Capital One Securities
Amanda Sweitzer - Robert W. Baird & Co.
Juan Sanabria - BMO Capital Markets
Alexander Goldfarb - Piper Sandler & Co.
Haendel St. Juste - Mizuho Securities
Alex Kalmus - Zelman & Associates

Operator

Greetings and welcome to UDR's First Quarter 2021 Earnings Call. [Operator Instructions].

It is now my pleasure to introduce your host, Director of Investor Relations, Trent Trujillo. Thank you, Mr. Trujillo. You may begin.

Trent Trujillo

Welcome to UDR's quarterly financial results conference call. Our press release and supplemental disclosure package were distributed yesterday afternoon and posted to the Investor Relations section of our website, ir.udr.com. In the supplement, we have reconciled all non-GAAP financial measures to the most directly comparable GAAP measure in accordance with Reg G requirements. Statements made during this call, which are not historical, may constitute forward-looking statements.

Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance that our expectations will be met. A discussion of risks and risk factors are detailed in our press release and included in our filings with the SEC. We do not undertake a duty to update any forward-looking statements.

When we get to the question-and-answer portion, we ask that you be respectful of everyone's

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