Udr, Inc. · NYSE:UDR
Udr — NAREIT's Annual Conference - November 2010
16 slides from Udr's conference presentation, Nov 15, 2010
Slide 1: Third Quarter Acquisitions - NAREIT's Annual Conference November 2010
Ridge at Blue HillsBraintree, MA 1818 Platinum TriangleAnaheim, CA Domain Brewers HillBaltimore, MD Marina PointeMarina del Rey, CA NAREIT's Annual Conference - November 2010 Garrison SquareBoston, MA Third Quarter Acquisitions Exhibit 99.1
Slide 2: UDR Overview
PortfolioUDR owns, acquires, renovates, develops, and manages apartment communities nationwide concentrated in markets with low single-family home affordability and job growth ahead of national average58,796 homes in 210 communities(2)Average monthly same-store income per occupied home of $1,167 com
Slide 3: UDR's Competitive Strengths
UDR's Competitive Strengths High Quality Portfolio with National Scale58,796 apartment homes in 210 communities(1) Focused on markets with low home ownership affordability and above average job growthOperational OutperformanceGreater than 95% same-store occupancy for the last six quartersSame-store
Slide 4: Recent Events
Recent Events Acquisitions and Dispositions Activities - $457 millionAcquisition of 5 operating communities containing 1,374 apartment homes for $412 millionAcquisition of a 2 acre land parcel in the Mission Bay neighborhood of San Francisco for $24 millionSold 1 community for $21 millionCapital Mar
Slide 5: Operational Outperformance
Operational Outperformance(1) OccupancyOccupancy of 95.7% versus peer average of 95.6%Operating MarginOperating margin of 66.2% versus peer average of 62.5%RevenueDecreased by 1.7% versus peer average decline of 2.3%ExpensesIncreased by 0.3% versus peer average increase of 0.9%NOIDecreased 2.7% vers
Slide 6: Rents Continue to Improve
Rents Continue to Improve Change in new and effective renewal lease rates compared to the expiring lease Includes wholly-owned and joint venture stabilized homes.Signed leases as of October 2010.As of September 2010. We have pricing power in 22 of 23 markets and a loss-to-lease of 3.3%(3) Markets Wi
Slide 7: Acquisition & Disposition Activity
Acquisition & Disposition Activity According to the National Association of Realtors for full year 2009.As of September 30, 2010. High Quality Portfolio$1,936 total monthly income per occupied home, 66% above current portfolio averageSuperior finishes and amenitiesIncreased Concentration in Core Mar
Slide 8: Recent Acquisition Details
Recent Acquisition Details Community Location Homes Purchase Price (M) Price per Home (K) Monthly Income per Occupied Home(1) Debt Assumed (M) Year Built / Renovated Operating 1818 Platinum Triangle Anaheim, CA 265 $70.5 $266.0 $1,838 NA 2009 Marina Pointe Marina del Rey, CA 583 157.5 270.2 1,707 $6
Slide 9: Strong Development and Redevelopment Capabilities
Strong Development and Redevelopment Capabilities Development(1)Pipeline consists of 712 homes in two communities with a total estimated cost of $151.7 million or $213 thousand per homeInvested $873.0 million, or $159 thousand per home, in the development of 5,482 homes over the last five yearsUDR o
Slide 10: Solid Balance Sheet
Solid Balance Sheet Financial profile as of September 30, 2010 Viridian - Los Angeles, CA In excess of $7 billion in assets(1)Total cash and credit capacity in excess of $793 million; over $3 billion of unencumbered assets available for additional liquidityExisting debt totals $3.5 billion, with wei
Slide 11: 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 brochuresUDR Modern Living
Slide 12: Technology Platform Designed to Meet Customers' Demands
Technology Platform Designed to Meet Customers' Demands Ashton Judiciary Square - Washington, D.C. Percentage of: September 2010 September 2010 Payments received via ACH Payments received via ACH 76% Service requests entered through MyUDR.com Service requests entered through MyUDR.com 80% Move-ins i
Slide 13: UDR/MetLife Venture Executive Summary
UDR/MetLife 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 homesA 4.14% weighted average interest in 11 land parcels with the potentia
Slide 14: Compelling Reasons for Transaction
Compelling Reasons for Transaction Positive impact to earningsCash-on-cash return of 9%Accretive to 2011 FFO(1)Opportunity to invest in and manage a portfolio of high-quality communities with a: Weighted average age of one year oldWeighted average home size of 1,257 square feetWeighted average month
Slide 15: Forward-Looking Statement
Forward-Looking Statement Certain statements made in this presentation 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 suc
Slide 16: Investor Relations Contact
Investor Relations Contact:H. Andrew Cantoracantor@udr.com720.283.6083