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    UDR Inc (UDR)

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    UDR, Inc. is a self-administered real estate investment trust (REIT) that specializes in owning, operating, acquiring, renovating, developing, redeveloping, disposing of, and managing multifamily apartment communities across the United States . The company generates revenue primarily from lease revenue, which includes rental payments and pass-through revenue from retail and residential leases, as well as other revenue from services provided to tenants and third parties . UDR's business strategy focuses on diversification across markets, price points, and product types to generate strong total shareholder returns .

    1. Same-Store Communities - Represents stabilized communities that contribute significantly to rental income and net operating income (NOI) .
    2. Non-Mature Communities/Other - Includes recently acquired, developed, or redeveloped communities that are not yet stabilized .
    NamePositionStart DateShort Bio
    Thomas W. ToomeyChairman and Chief Executive Officer2001Thomas W. Toomey has been serving as the Chairman and CEO of UDR since 2001. He was also the President from 2001 to 2019. He has led significant portfolio repositioning, resulting in an 11% return for shareholders .
    Joseph D. FisherPresident and Chief Financial OfficerJanuary 2017Joseph D. Fisher joined UDR in January 2017 as SVP and CFO. In May 2022, he was promoted to President and CFO, overseeing innovation, IT, ESG, human capital, and talent development .
    Harry G. AlcockSenior Vice President - Chief Investment OfficerDecember 2010Harry G. Alcock joined UDR in December 2010 as SVP - Asset Management and became SVP - Chief Investment Officer in February 2017. He previously worked at AIMCO for over 16 years in various executive roles .
    Michael D. LacySenior Vice President - Property OperationsNovember 2006Michael D. Lacy joined UDR in November 2006. He has held various roles, including Director of Pricing and Revenue Management, and was promoted to SVP - Property Operations in January 2019 .
    H. Andrew CantorSenior Vice President – Acquisitions and DispositionsN/AThe documents do not provide specific details about H. Andrew Cantor's start date or a detailed biography.
    Bob McCulloughSenior Vice President – DevelopmentN/AThe documents do not provide specific information about Bob McCullough or his role as SVP – Development at UDR.
    1. With elevated new supply impacting some of your markets and concessions beginning to increase, do you believe the challenges ahead are tougher than those you've faced previously, or have you already weathered the worst of the supply impact?
    2. Given your strategy to push renewal lease rate growth higher due to improved retention, how sustainable is this approach, and are you concerned that pushing rates too aggressively could lead to increased turnover in the future?
    3. You've mentioned that occupancy and blended lease rate growth have stabilized after some volatility; is this fluctuation simply normal seasonality, or are there specific market factors causing you concern about leasing trends?
    4. There appears to be a gap in cap rates between higher growth and lower growth markets; can you quantify this delta, and how does it influence your investment decisions across different regions?
    5. Previously, you lagged peers in resident turnover but have recently improved; how confident are you that you can maintain lower turnover compared to peers, and what steps are you taking to ensure this trend continues?
    Program DetailsProgram 1
    Approval DateJanuary 2008
    End Date/DurationN/A
    Total additional amount15 million shares
    Remaining authorization amount12,027,000 shares
    DetailsN/A
    YearAmount Due (in millions)Debt TypeInterest Rate (%)% of Total Debt
    2024$290.0 Unsecured Commercial Paper Program5.0 4.9% = (290.0 / 5,865.3) * 100
    2025$225.1 Unsecured Working Capital Credit Facility5.7 3.8% = (225.1 / 5,865.3) * 100
    2026$356.7 Secured Debt and Medium-Term Notes2.89 6.1% = (356.7 / 5,865.3) * 100
    2027$656.9 Term Loan and Medium-Term Notes4.03 11.2% = (656.9 / 5,865.3) * 100
    2028$466.5 Secured Debt and Medium-Term Notes3.50 8.0% = (466.5 / 5,865.3) * 100
    2029$615.8 Secured Debt and Medium-Term Notes4.27 10.5% = (615.8 / 5,865.3) * 100
    2030$830.6 Secured Debt and Medium-Term Notes3.32 14.2% = (830.6 / 5,865.3) * 100
    2031$760.9 Secured Debt and Medium-Term Notes3.01 13.0% = (760.9 / 5,865.3) * 100
    2032$427.0 Secured Debt and Medium-Term Notes2.10 7.3% = (427.0 / 5,865.3) * 100
    2033$650.0 Medium-Term Notes1.90 11.1% = (650.0 / 5,865.3) * 100
    2034$600.0 Medium-Term Notes4.95 10.2% = (600.0 / 5,865.3) * 100
    NameStart DateEnd DateReason for Change
    Ernst & Young LLP1984 PresentCurrent auditor