Udr, Inc. · NYSE:UDR
Udr — Citigroup's 2010 Global Property CEO Conference
12 slides from Udr's conference presentation, Mar 1, 2010
Slide 1: Citigroup's 2010 Global Property CEO Conference
Edgewater - San Francisco, CA Delancey at Shirlington - Arlington, VA The Belmont - Dallas, TX Milazzo - San Diego, CA Citigroup's 2010 Global Property CEO Conference March 2010
Slide 2: UDR Overview
UDR Overview National Portfolio of High-Quality Multifamily Assets Concentrated in markets with low single-family home affordability and job growth ahead of national average 51,320 homes in 165 communities (1) 2009 same-store average monthly income per home: $1,149 compared to national average of $9
Slide 3: UDR Priorities for 2010
UDR Priorities for 2010 Acquisitions and Dispositions Our experienced acquisitions/disposition team will continue to scour our markets for favorable opportunities while continuing to be extremely disciplined Redevelopment Opportunities Complete the 574 homes that are currently being redeveloped - al
Slide 4: Continued Outperformance Versus Publicly Traded Peer Group
Continued Outperformance Versus Publicly Traded Peer Group Occupancy Increased 10 bps to 95.5% compared to 95.4% in the 3rd quarter 2009 Operating Margin Maintained operating margin in excess of 67% for 11 of the last 12 quarters Total Revenue Same-store monthly income per home: $1,149 Held 2009 rev
Slide 5: Levering Technology to Enhance Operations
Levering Technology to Enhance Operations Top rated website Social media: Facebook, Twitter, Flickr, YouTube Mobile apartment search applications for: iPhone, Android, BlackBerry and PalmPre Click-to-call mobile paid search Augmented social reality apartment search application for mobile devices Com
Slide 6: Our Technology Platform is Responsive to Customers Demands
Our Technology Platform is Responsive to Customers Demands Elements Too - Bellevue, WA Percentage of: 12/31/08 12/31/09 Residents using resident portal 2% 90% Payments received via ACH 2% 62% Service requests entered through resident portal 1% 40% Move-ins initiated via an Internet source 52% 63% UD
Slide 7: Transformational Redevelopment Capability
During the last three years we have created value through redeveloping 4,108 homes, with incremental investment of $178M Transformational Redevelopment Capability Targeting "Forever Great" and Emerging Locations Positive neighborhood trends Proximity to quality employment Convenient to retail, recre
Slide 8: Development Current Pipeline Consists of Five Communities
Development Current Pipeline Consists of Five Communities with an Estimated cost of $382 Million Meaningfully contributes to NOI in the second half of 2010 and 2011 Applying for LEED certifications on all current developments No new development starts until market conditions improve Will continue to
Slide 9: Strong Balance Sheet
Strong Balance Sheet Financial Profile as of December 31, 2009 The Whitmore - Arlington, VA The Kennedy Building - Seattle, WA In excess of $6 billion in assets Total cash and credit capacity in excess of $700 million; over $3 billion of unencumbered assets available for additional liquidity Existin
Slide 10: Debt Maturities as of December 31, 2009
Debt Maturities as of December 31, 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 Thereafter Fannie Mae Facilities - 50 175 36 - - 40 292 225 382 Medium Term Notes 50 - 100 123 313 175 83 - - 16 Mortgage 10 48 67 37 66 18 63 71 - - Convertible Notes - 289 - - - - - - - - Construction Loans 71 129
Slide 11: Forward-Looking Statement
Forward-Looking Statement Certain statements made in this presentation may constitute "forward-looking statements." The words "expect," "intend," "believe," "anticipate," "likely," "will" and similar expressions generally identify forward-looking statements. These forward-looking statements are subj
Slide 12: Investor Relations Contact
Investor Relations Contact: H. Andrew Cantor acantor@udr.com (720) 283-6083
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