Subtext

UDR, Inc. UDR

SectorReal Estate
Transcripts37
Date range2016-04-27 – 2025-05-01
Calls charted37

Sentiment timeline

Net Loughran-McDonald sentiment per call (×1000), earliest → latest.

-12-6+0+6+122016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q1 · Overall: +7.32016 Q2 · Overall: +6.22016 Q3 · Overall: +5.02016 Q4 · Overall: +1.62017 Q1 · Overall: +2.42017 Q2 · Overall: +0.82017 Q3 · Overall: +2.12017 Q4 · Overall: -0.62018 Q1 · Overall: +5.62018 Q2 · Overall: +5.12018 Q3 · Overall: +9.72018 Q4 · Overall: +10.42019 Q1 · Overall: +5.42019 Q2 · Overall: +8.42019 Q3 · Overall: +6.72019 Q4 · Overall: +6.92020 Q1 · Overall: -2.52020 Q2 · Overall: -2.32020 Q3 · Overall: +0.02020 Q4 · Overall: +2.32021 Q1 · Overall: +7.02021 Q2 · Overall: +9.12021 Q3 · Overall: +6.22021 Q4 · Overall: +9.52022 Q1 · Overall: +6.92022 Q2 · Overall: +9.12022 Q3 · Overall: +4.22022 Q4 · Overall: +6.92023 Q1 · Overall: +7.32023 Q2 · Overall: +5.72023 Q3 · Overall: +4.82023 Q4 · Overall: +2.32024 Q1 · Overall: +4.12024 Q2 · Overall: +6.02024 Q3 · Overall: +8.72024 Q4 · Overall: +6.62025 Q1 · Overall: +6.4
Overall

CEO vs CFO

Average sentiment of each executive's remarks per call. Divergence is a signal.

-40-20+0+20+402016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q1 · CEO: +6.72016 Q2 · CEO: +8.62016 Q3 · CEO: +15.52016 Q4 · CEO: +10.62017 Q1 · CEO: +7.22017 Q2 · CEO: +11.22017 Q3 · CEO: +20.12017 Q4 · CEO: +14.02018 Q1 · CEO: +19.52018 Q2 · CEO: +12.52018 Q3 · CEO: +7.82018 Q4 · CEO: +34.92019 Q1 · CEO: +23.92019 Q2 · CEO: +28.62019 Q3 · CEO: +13.42019 Q4 · CEO: +13.22020 Q1 · CEO: +7.52020 Q2 · CEO: -0.32020 Q3 · CEO: +2.02020 Q4 · CEO: +11.72021 Q1 · CEO: +14.82021 Q2 · CEO: +14.32021 Q3 · CEO: +11.52021 Q4 · CEO: +18.62022 Q1 · CEO: +23.52022 Q2 · CEO: +28.62022 Q3 · CEO: +15.32022 Q4 · CEO: +33.22023 Q1 · CEO: +27.22023 Q2 · CEO: +28.72023 Q3 · CEO: +10.92023 Q4 · CEO: +11.62024 Q2 · CEO: +16.52024 Q3 · CEO: +23.72024 Q4 · CEO: +20.02025 Q1 · CEO: +14.42016 Q1 · CFO: +7.72016 Q4 · CFO: +4.02017 Q1 · CFO: +1.02017 Q2 · CFO: +3.42017 Q3 · CFO: +4.02017 Q4 · CFO: +0.52018 Q1 · CFO: +14.42018 Q2 · CFO: +13.82018 Q3 · CFO: +15.82018 Q4 · CFO: +9.32019 Q1 · CFO: +6.82019 Q2 · CFO: +12.82019 Q3 · CFO: +6.72019 Q4 · CFO: +10.62020 Q1 · CFO: -2.52020 Q2 · CFO: -3.72020 Q3 · CFO: -2.02020 Q4 · CFO: +3.22021 Q1 · CFO: +8.42021 Q2 · CFO: +9.02021 Q3 · CFO: +8.92021 Q4 · CFO: +11.52022 Q1 · CFO: +9.22022 Q2 · CFO: +9.52022 Q3 · CFO: +5.72023 Q1 · CFO: +3.82023 Q2 · CFO: +6.42023 Q3 · CFO: +9.82023 Q4 · CFO: +1.72024 Q2 · CFO: +6.02024 Q3 · CFO: +12.0
CEOCFO

Prepared remarks vs Q&A

Scripted tone vs unscripted answers. The gap is information.

-30-15+0+15+302016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q1 · Prepared remarks: +7.52016 Q2 · Prepared remarks: +11.42016 Q3 · Prepared remarks: +12.22016 Q4 · Prepared remarks: +12.82017 Q1 · Prepared remarks: +17.02017 Q2 · Prepared remarks: +11.72017 Q3 · Prepared remarks: +10.32017 Q4 · Prepared remarks: +9.72018 Q1 · Prepared remarks: +11.92018 Q2 · Prepared remarks: +14.62018 Q3 · Prepared remarks: +16.22018 Q4 · Prepared remarks: +22.92019 Q1 · Prepared remarks: +14.72019 Q2 · Prepared remarks: +15.42019 Q3 · Prepared remarks: +12.32019 Q4 · Prepared remarks: +17.32020 Q1 · Prepared remarks: +4.12020 Q2 · Prepared remarks: +4.92020 Q3 · Prepared remarks: +12.92020 Q4 · Prepared remarks: +11.12021 Q1 · Prepared remarks: +19.42021 Q2 · Prepared remarks: +26.32021 Q3 · Prepared remarks: +20.52021 Q4 · Prepared remarks: +20.62022 Q1 · Prepared remarks: +24.22022 Q2 · Prepared remarks: +25.92022 Q3 · Prepared remarks: +17.62022 Q4 · Prepared remarks: +24.62023 Q1 · Prepared remarks: +25.52023 Q2 · Prepared remarks: +18.32023 Q3 · Prepared remarks: +14.42023 Q4 · Prepared remarks: +14.82024 Q1 · Prepared remarks: +2.72024 Q2 · Prepared remarks: +19.12024 Q3 · Prepared remarks: +21.02024 Q4 · Prepared remarks: +15.62025 Q1 · Prepared remarks: +18.52016 Q2 · Q&A responses: +4.72016 Q3 · Q&A responses: +2.92016 Q4 · Q&A responses: +2.32017 Q1 · Q&A responses: +1.92017 Q2 · Q&A responses: +0.02017 Q3 · Q&A responses: +1.42017 Q4 · Q&A responses: +0.02018 Q1 · Q&A responses: +7.72018 Q2 · Q&A responses: +8.22018 Q3 · Q&A responses: +11.92018 Q4 · Q&A responses: +9.22019 Q1 · Q&A responses: +9.92019 Q2 · Q&A responses: +9.52019 Q3 · Q&A responses: +10.92019 Q4 · Q&A responses: +9.12020 Q1 · Q&A responses: -0.42020 Q2 · Q&A responses: -2.42020 Q3 · Q&A responses: -0.82020 Q4 · Q&A responses: +4.22021 Q1 · Q&A responses: +5.22021 Q2 · Q&A responses: +7.32021 Q3 · Q&A responses: +6.42021 Q4 · Q&A responses: +8.72022 Q1 · Q&A responses: +8.62022 Q2 · Q&A responses: +7.82022 Q3 · Q&A responses: +3.12022 Q4 · Q&A responses: +6.62023 Q1 · Q&A responses: +5.32023 Q2 · Q&A responses: +6.72023 Q3 · Q&A responses: +6.42023 Q4 · Q&A responses: +0.52024 Q1 · Q&A responses: +6.22024 Q2 · Q&A responses: +4.02024 Q3 · Q&A responses: +9.12024 Q4 · Q&A responses: +6.92025 Q1 · Q&A responses: +5.5
Prepared remarksQ&A responses

Tone vs forward expectations

Management tone next to Wall Street's forward-looking numbers (glopardo): the 12-month forward EPS estimate and the forward P/E per call.

Forward EPS estimate

$-0.03$0.36$0.752016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q1: $0.262016 Q2: $0.292016 Q3: $0.282016 Q4: $0.272017 Q1: $0.312017 Q2: $0.282017 Q3: $0.292017 Q4: $0.342018 Q1: $0.252018 Q2: $0.352018 Q3: $0.402018 Q4: $0.382019 Q1: $0.402019 Q2: $0.412019 Q3: $0.452019 Q4: $0.382020 Q1: $0.222020 Q2: $0.102020 Q3: $0.062020 Q4: $0.022021 Q1: $0.032021 Q2: $0.102021 Q3: $0.212021 Q4: $0.272022 Q1: $0.242022 Q2: $0.352022 Q3: $0.482022 Q4: $0.552023 Q1: $0.552023 Q2: $0.562023 Q3: $0.702023 Q4: $0.412024 Q1: $0.402024 Q2: $0.452024 Q3: $0.46

Forward P/E

-92.99977.052047.092016 Q12017 Q22018 Q32019 Q42021 Q12022 Q22023 Q32024 Q42016 Q1: 143.772016 Q2: 118.792016 Q3: 122.732016 Q4: 127.002017 Q1: 117.302017 Q2: 144.362017 Q3: 131.222017 Q4: 114.792018 Q1: 143.602018 Q2: 104.802018 Q3: 100.832018 Q4: 108.422019 Q1: 113.562019 Q2: 113.442019 Q3: 107.962019 Q4: 120.762020 Q1: 161.502020 Q2: 366.672020 Q3: 582.672020 Q4: 1899.502021 Q1: 1808.002021 Q2: 518.002021 Q3: 252.472021 Q4: 220.812022 Q1: 232.652022 Q2: 122.692022 Q3: 94.652022 Q4: 73.782023 Q1: 73.752023 Q2: 77.682023 Q3: 54.602023 Q4: 90.542024 Q1: 94.682024 Q2: 90.292024 Q3: 101.52

Divergence watch ⚑

Quarters where tone and the forward EPS estimate moved opposite ways.

  • 2017 Q4 tone ↓ -2.7 fwd EPS ↑ +0.05 Tone cooled even as the forward EPS estimate rose.
  • 2018 Q1 tone ↑ +6.3 fwd EPS ↓ -0.09 Tone rose while the forward EPS estimate was cut.
  • 2019 Q1 tone ↓ -5.1 fwd EPS ↑ +0.02 Tone cooled even as the forward EPS estimate rose.
  • 2020 Q3 tone ↑ +2.3 fwd EPS ↓ -0.04 Tone rose while the forward EPS estimate was cut.
  • 2020 Q4 tone ↑ +2.3 fwd EPS ↓ -0.04 Tone rose while the forward EPS estimate was cut.
  • 2021 Q3 tone ↓ -2.9 fwd EPS ↑ +0.12 Tone cooled even as the forward EPS estimate rose.
  • 2022 Q3 tone ↓ -4.9 fwd EPS ↑ +0.13 Tone cooled even as the forward EPS estimate rose.

Recent transcripts

CallDateSentiment ×1000Fwd EPSFwd P/E
2025 Q12025-05-01+6.4——View →
2024 Q42025-02-06+6.6——View →
2024 Q32024-10-31+8.7$0.46101.5View →
2024 Q22024-07-31+6.0$0.4590.3View →
2024 Q12024-05-01+4.1$0.4094.7View →
2023 Q42024-02-07+2.3$0.4190.5View →
2023 Q32023-10-27+4.8$0.7054.6View →
2023 Q22023-07-27+5.7$0.5677.7View →