UDR, Inc. — Third Quarter 2026 Earnings Summary

UDR, Inc. reported third-quarter 2026 net income of $0.67 per diluted share and raised its full-year 2026 guidance for net income and FFOA per share. The company closed a strategic partnership with Apollo, contributing 19 communities to a joint venture in exchange for $1.34 billion in equity capital, which strengthened its balance sheet. Same-store revenue grew 1.8% year-over-year in the third quarter, driven by strong occupancy levels in the mid-96% range and improved expense control. Additionally, the company repurchased approximately 5.2 million shares for $185.1 million and sold two apartment communities for $183.0 million during the period.