Udr, Inc. · NYSE:UDR
Udr — Citi CEO Conference - March 2012
16 slides from Udr's conference presentation, Mar 12, 2012
Slide 1: Citi CEO Conference - March 2012
95 Wall New York, NY 10 Hanover Square New York, NY 21 Chelsea New York, NY View 14 Washington, D.C. Rivergate New York, NY Citi CEO Conference - March 2012 Exhibit 99.1
Slide 2: UDR Overview
Portfolio 60,465 homes in 211 communities(3) Total portfolio income per occupied home of $1,461(3) UDR owns, acquires, renovates, develops and manages apartment communities nationwide with a focus on high-barrier-to-entry markets with above-average job growth, low homeownership affordability and lim
Slide 3: Business Strategy
Business Strategy Defined as FFO-Core per share which excludes all nonrecurring gains and losses. Includes joint venture homes at 100% Strong operating results generated over time SS growth outperformed the peer group over the past five years; average occupancy remained above 95% SS income per occup
Slide 4: Operating Performance
Operating Performance
Slide 5: 2011 and Last 5-Year Same-Store Results
2011 2011 2011 Last 5 Year's Avg. Last 5 Year's Avg. Last 5 Year's Avg. Metric UDR Group avg. Difference UDR Group avg. Difference Revenue growth 4.1% 4.4% (30) bps 2.0% 1.5% 50 bps Expense growth 1.4% 0.7% 70 bps 0.9% 1.5% (60) bps NOI growth 5.6% 6.6% (100) bps 2.5% 1.6% 90 bps Occupancy 95.5% 95.
Slide 6: Best Performing Same-Store Markets
(CHART) Operating Performance UDR's 2011 and 4Q11 Best Performing Same-Store Markets Lagging markets in 2011 Military move-outs hurt in 4Q UDR's 2012 Market Layout By Expected Revenue Growth Below Average 5.5% Revenue Growth Above Average (CHART) 8% of 2011 SS NOI 13% 4% 1% 2% 5% 1% 6% 5% 4% 4% 8% 2
Slide 7: Portfolio Management Strategy
Portfolio Management Strategy
Slide 8: Portfolio Management Strategy
Portfolio Management Strategy Portfolio goals Improve the market mix of UDR's asset base Urbanize UDR's portfolio in core markets Improve the physical quality of UDR's communities Portfolio accomplishments 69% of NOI came from core markets at year-end 2011 Entered the New York and Boston markets ove
Slide 9: Same-Store Income Growth and Top-Five Markets
(CHART) Portfolio Management Strategy Same-Store Monthly Income Per Occupied Home Growth Over Time Top-Five UDR Markets and NOI Concentrations Over Time (CHART) 360 bps of annual outperformance vs. national average rent growth UDR: +38% UDR Top-5 Markets: 2001 versus 2011 Top-5 Markets: 2001 versus
Slide 10: Investment Activity
Investment Activity
Slide 11: Investment Activity: August 2010 - January 2012
Investment Activity: August 2010 - January 2012 Represents wholly-owned transactions completed from August 2010 - January 2012.. As of December 31, 2011. Acquisitions: $2.0 billion(1) 4,535 homes with an average age of 12 years and a weighted average monthly income of $2,451 per home Increased prese
Slide 12: Balance Sheet
Balance Sheet
Slide 13: Balance Sheet Metrics as of December 31, 2011
As of March 8, 2012. Leverage is defined as debt plus preferred stock to gross asset value. Fixed charge coverage ratio is at historical cost and is adjusted for non-recurring items. Based on historical cost basis. Balance Sheet Metrics as of December 31, 2011 Enterprise value: $9.8 billion(1) Debt:
Slide 14: Forward-Looking Statement
Forward-Looking Statement Certain statements made in this presentation may constitute "forward-looking statements." Words such as "expects," "intends," "believes," "anticipates," "plans," "likely," "will," "seeks," "estimates" and variations of such words and similar expressions are intended to iden
Slide 15: Notes
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Slide 16: Investor Relations Contact
Investor Relations Contact: Chris Van Ens cvanens@udr.com 720.348.7762