UDR Inc (NYSE:UDR)
$ 43.22 1.15 (2.73%) Market Cap: 14.26 Bil Enterprise Value: 19.97 Bil PE Ratio: 116.81 PB Ratio: 4.11 GF Score: 83/100

UDR Inc at Bank of America Global Real Estate Conference Transcript

Sep 13, 2023 / 05:25PM GMT
Release Date Price: $38.22 (-1.32%)
Jeffrey Alan Spector
BofA Securities, Research Division - MD and Head of United States REITs

Thank for joining us for UDR's presentation at our conference today. I'm joined by, to my right, Mike Lacy, Head of Operations; to his right, CEO, Tom Toomey; and to Tom's right, CFO, Joe Fisher, and you might recognize Trent Trujillo from every other apartment meeting we've been in today.

With that, I'll pass it over to Tom for some opening remarks.

Thomas W. Toomey
UDR, Inc. - Chairman & CEO

Well, welcome, and again, thank you for having us at this conference. It's been going very well for us, and I hope for you as well. So UDR at a glance, just quickly, 60,000 apartment homes diversified by product and markets, meaning AB as well as 21 markets. S&P 500 company, 51 years as a public company, not all of them mine so -- and it's a $20 billion enterprise. We really fashion ourselves about risk and reward, meaning we do well in all cycles, so a full cycle investment. Our primary strategy about creating value is around operations and operating margin

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