Earnings Releases·Nov 2, 2026, 4:19 PM ET

UDR, Inc. — Third Quarter 2026 Earnings Summary

Net Income per diluted share surged to $0.67 in Q3 2026 from $0.12 in the prior year, while FFOA per share remained flat at $0.65; total revenue declined 0.9% year-over-year to $3.8 million due to proceeds from sold properties offsetting organic growth.
Management raised full-year 2026 Net Income guidance to $1.58–$1.60 (previously $1.03–$1.11) and FFOA guidance to $2.54–$2.56, citing strong operational results and the strategic Apollo partnership.
Closed a $2.0 billion strategic joint venture with Apollo, contributing 19 communities to receive $1.34 billion in equity capital while retaining a one-third interest and asset management fees.
Executed significant capital return and balance sheet activities, including $185.1 million in share repurchases in October 2026, $183.0 million in community sales, and a dividend increase to $0.435 per share for Q4 2026.
Same-Store NOI grew 1.6% year-over-year in Q3, driven by the West and Northeast regions, though the Southeast and Southwest regions reported sequential declines in NOI and revenue.