Nov 2, 4:19 PM ET
UDR, Inc. reported its third-quarter 2026 financial results, showing an increase in net income per diluted share to $0.67 compared to $0.12 in the prior-year period. Driven by better-than-expected operational results and FFOA, the company raised its full-year 2026 guidance ranges for net income and FFOA per diluted share. Shareholders also benefited from the close of a strategic $2.0 billion joint venture with Apollo and ongoing share repurchases.
- Net income per diluted share was $0.67 for the third quarter ended September 30, 2026, compared to $0.12 in 2025.
- Full-year 2026 FFOA per diluted share guidance was updated to a range of $2.54 to $2.56, with a midpoint of $2.55.
- Closed a $2.0 billion strategic partnership with Apollo on October 30, 2026, receiving $1.34 billion of equity capital.
- Repurchased approximately 5.2 million common shares through October for $185.1 million.
Read the filing on SEC.gov ↗
Oct 21, 8:05 AM ET
UDR raised its full-year 2026 net income and FFOA per-share guidance and said its Q3 2026 net income per diluted share will be $0.67, well above prior guidance of $0.13 to $0.15, with the company citing a $190.1 million gain on the sale of depreciable real estate. The company also announced a joint venture with Apollo covering 19 communities valued at about $2.0 billion, which shareholders should weigh against the preliminary, unaudited nature of these results.
- Q3 2026 preliminary FFOA of $0.65 per diluted share, at the high end of the $0.63 to $0.65 guidance range; net income of $0.67 vs. prior guidance of $0.13 to $0.15
- Full-year 2026 net income guidance raised to $1.58 to $1.60 per diluted share from $1.03 to $1.11; FFOA guidance raised to $2.54 to $2.56 from $2.49 to $2.57
- Apollo will invest $1.34 billion of equity for about a two-thirds interest in a joint venture of 19 communities with 7,059 apartment homes; UDR keeps a one-third interest and expects closing on October 29, 2026
- Results are preliminary and unaudited; final Q3 2026 results are due November 2, 2026
Read the filing on SEC.gov ↗
Jul 27, 4:19 PM ET
UDR reported second-quarter 2026 net income of $0.21 per diluted share, up from $0.11 a year earlier, while FFO per diluted share fell to $0.60 from $0.61 and FFOA was flat at $0.64. The company raised its full-year 2026 guidance for same-store revenue, same-store NOI and FFOA per share, but lowered the midpoint of its FFO per share guidance by $0.02. Shareholders also get a switch to monthly dividends of $0.145 per share starting in July 2026.
- Q2 2026 net income per diluted share was $0.21 versus $0.11 in Q2 2025; year-to-date was $0.79 versus $0.34.
- Full-year 2026 FFOA per diluted share guidance is now $2.49 to $2.57, up from $2.47 to $2.57; FFO guidance is $2.47 to $2.55, down from $2.48 to $2.58.
- Same-store revenue growth guidance is 0.75% to 2.00%, up from 0.25% to 2.25%.
- The first monthly dividend of $0.145 per share is payable July 31, 2026; Q2 dividends totaled $0.435 per share.
Read the filing on SEC.gov ↗
Apr 29, 4:18 PM ET
UDR reported first-quarter 2026 net income of $0.57 per diluted share, up from $0.23 a year earlier, and FFO of $0.63 per diluted share, up from $0.58. The company raised its full-year 2026 FFO guidance and will move from quarterly to monthly common dividends starting in July 2026, a change that affects shareholder cash distribution timing.
- Q1 2026 FFO per diluted share was $0.63 versus $0.58 a year earlier; FFO as Adjusted was $0.62 versus $0.61.
- Same-store net operating income fell 0.8% year over year, while same-store revenue rose 0.9%.
- Full-year 2026 FFO per diluted share guidance rose to $2.48 to $2.58 from $2.47 to $2.57; FFO as Adjusted guidance was unchanged at $2.47 to $2.57.
- Monthly common dividend of $0.145 per share begins with the July 31, 2026 payment, an annualized $1.74 per share.
Read the filing on SEC.gov ↗
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