Udr, Inc. · NYSE:UDR
Udr — Citi 2011 Global Property CEO Conference
12 slides from Udr's conference presentation, Mar 14, 2011
Slide 1: Citi 2011 Global Property CEO Conference
Ridge at Blue Hills Braintree, MA 1818 Platinum Triangle Anaheim, CA Domain Brewers Hill Baltimore, MD Marina Pointe Marina del Rey, CA Citi 2011 Global Property CEO Conference Garrison Square Boston, MA
Slide 2: UDR Overview
Portfolio UDR owns, acquires, renovates, develops, and manages apartment communities nationwide concentrated in markets with low single-family home affordability and job growth ahead of national average 59,614 homes in 213 communities(2) Average monthly same-store income per occupied home of $1,166
Slide 3: UDR's Competitive Strengths
UDR's Competitive Strengths High Quality Portfolio with National Scale 59,614 apartment homes in 213 communities(1) Focused on markets with low home ownership affordability and above average job growth Operational Outperformance Greater than 95% same-store occupancy for the last seven quarters Same-
Slide 4: Flexible and Strong Balance Sheet
4 Flexible and Strong Balance Sheet Total Cash and Credit Capacity $864M $864M 2011 Debt Maturities 2011 Debt Maturities -$320M Construction and Redevelopment Costs Construction and Redevelopment Costs -$265M Remaining Cash and Credit Capacity Remaining Cash and Credit Capacity $279M Financial Profi
Slide 5: How Do We Measure Operational Excellence?
How Do We Measure Operational Excellence? Continued Outperformance for 2010 Occupancy Increased 40bps year over year to 95.7% Operating Margin Maintained operating margin in excess of 65% for 12 of the last 13 quarters Total Revenue Per occupied home = $1,166 Held revenue decline to only 0.90% versu
Slide 6: Strong Development and Redevelopment Capabilities
Strong Development and Redevelopment Capabilities Development Pipeline consists of 1,170 homes in five communities with a total estimated cost of $350 million, or $299,000 per home. Invested $955 million, or $163,000 per home, in the development of 5,842 homes over the last five years. UDR owns nume
Slide 7: Technology Platform - Launched Third Generation Website
Technology Platform - Launched Third Generation Website Changes and Additions Improved navigation Enriched menus and graphics Enhanced apartment search Latest Google Maps with Street views Real-time listings of apartment availability "Saved to Favorites" feature New online brochures UDR Modern Livin
Slide 8: Technology Platform Designed to Meet Customers' Demands
Technology Platform Designed to Meet Customers' Demands Ashton Judiciary Square - Washington, D.C. Percentage of: December 2010 December 2010 Payments received via ACH Payments received via ACH 79% Service requests entered through MyUDR.com Service requests entered through MyUDR.com 79% Move-ins ini
Slide 9: UDR/MetLife Joint Venture Executive Summary
UDR/MetLife Joint Venture Executive Summary UDR acquired Hanover's interest in the existing Hanover/MetLife venture for $93 million for the following: A 12.27% weighted average interest in 26 operating communities containing 5,748 homes with a weighted average age of one year old and average home si
Slide 10: Hanover Square
10 Hanover Square UDR announced it has entered into a definitive agreement with the Witkoff Group to acquire 10 Hanover Square for $260.8 million. Compelling transaction for the high density NY market: 493-home community in New York City's Financial District. 23-story building located between Water
Slide 11: Forward-Looking Statement
Forward-Looking Statement Certain statements made in this release may constitute "forward-looking statements." Words such as "expects," "intends," "believes," "anticipates," "likely," "will," " seeks," "estimates" and variations of such words and similar expressions are intended to identify such for
Slide 12: Investor Relations Contact
Investor Relations Contact: H. Andrew Cantor acantor@udr.com 720.283.6083