BuybackMay 4, 2026, 04:24 PM
UDR Expands Share Repurchase Program to 30M Shares, Over $1B
AI Summary
UDR, Inc. announced its Board of Directors authorized an increase of 25 million shares to its existing share repurchase program, effective immediately. This expansion brings the total repurchase authority to approximately 30 million shares, valued at over $1 billion at current share price levels. The new authorization is in addition to the remaining 4.6 million shares from the 2008 program, which remains unchanged.
Key Highlights
- UDR's Board authorized an additional 25 million shares for repurchase.
- The expanded program brings total repurchase authority to approximately 30 million shares.
- The total repurchase program is valued at over $1 billion at current share price levels.
- The new authorization is in addition to the remaining 4.6 million shares from the existing 2008 program.
- The share repurchase program has no expiration date and may be terminated at any time.