International Business News - UDR http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Real-estate-investment trust UDR Inc. said Monday it closed a 10-year, $400 million credit facility from Fannie Mae. The loan consists of a $225 million secured loan, which was originated by commercial lender PNC ARCS LLC for repurchase by Fannie Mae, with an option to borrow an additional $175 million. Of the $225 million secured loan, $70 million comes with a 5.85 percent fixed interest rate while $155 million carries a variable rate currently set under two- and three-year LIBOR swaps at 4.35 percent. The loan carries an all-in blended rate of approximately 4.8 percent. http://www.ibtimes.com/articles/20081201/udr-secures-10-year-400-million-fannie-mae-loan.htm Mon, 01 Dec 2008 10:54:47 EST Real estate investment trust UDR Inc. said Wednesday its board of directors has declared a special dividend of $132 million, or 97 cents a share, for common stockholders. http://www.ibtimes.com/articles/20081112/udr-declares-special-dividend.htm Wed, 12 Nov 2008 15:05:37 EST Real estate investment trust UDR Inc. has announced that public offering of 8 million common shares was priced at $24.25 per share. Net proceeds will be about $184.9 million after underwriting discounts and commissions and estimated offering expenses. UDR expects to use the money to repay $116.1 million under its revolving credit and the remainder for working capital and other general corporate purposes. http://www.ibtimes.com/articles/20081002/udr-prices-8-mln-shares-at-24-25-each.htm Thu, 02 Oct 2008 09:23:27 EDT UDR Inc., a real estate investment trust, said Wednesday it will plans to sell 5.75 million shares in a public offering. Underwriters have the option to buy up to an additional 862,500 shares to cover overallotments, if any. http://www.ibtimes.com/articles/20081001/udr-to-sell-5-75-million-shares-in-public-offering.htm Wed, 01 Oct 2008 15:45:32 EDT Among the earnings stories for Tuesday, Aug. 5, from AP Financial News: CLEVELAND (AP)--Aircraft parts maker TransDigm Group Inc. said its fiscal third-quarter profit surged 63 percent on a growth in net sales, productivity improvement and lower interest expense. http://www.ibtimes.com/articles/20080805/earnings-roundup-transdigm-colfax.htm Tue, 05 Aug 2008 18:13:19 EDT Among the earnings projection stories for Tuesday, Aug. 5, from AP Financial News: NEW YORK (AP)--Great Wolf Resorts Inc., which operates indoor waterpark resorts in North America, boosted its full-year earnings guidance on Tuesday after reporting better-than-expected second-quarter results. http://www.ibtimes.com/articles/20080805/outlook-roundup-great-wolf-resorts-interline.htm Tue, 05 Aug 2008 18:12:45 EDT UDR Inc., a real estate investment trust focusing on apartment homes, on Tuesday reaffirmed its 2008 forecast for funds from operations of between $1.50 and $1.55 per share. http://www.ibtimes.com/articles/20080805/real-estate-company-udr-reaffirms-2008-outlook.htm Tue, 05 Aug 2008 16:15:26 EDT UDR Inc., a real estate investment trust, said Tuesday that its second quarter funds from operations fell 25 percent due to a sale earlier this year of almost a third of its properties. http://www.ibtimes.com/articles/20080805/udr-reports-lower-2q-funds-from-operations.htm Tue, 05 Aug 2008 15:44:20 EDT A Keefe, Bruyette & Woods Inc. analyst upgraded his stance on the apartment real estate investment trust sector to "Neutral" from "Underweight" based on its strong first quarter and improving fundamentals in the marketplace. http://www.ibtimes.com/articles/20080519/analyst-upgrades-apartment-reit-sector.htm Mon, 19 May 2008 11:09:59 EDT