Every material Form 8-K UDR has filed with the SEC since August 19, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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
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.
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.
UDR reported fourth-quarter 2025 results on February 9, 2026, with FFO per diluted share of $0.62, up from $0.48 a year earlier, and FFOA per diluted share of $0.64, up 2%. The company also set 2026 FFOA guidance of $2.47 to $2.57 per share, with a midpoint of $2.52 that is slightly below the 2025 actual of $2.54, and announced a 2026 annualized dividend of $1.74 per share, a 1.2% increase.
Q4 2025 FFO per diluted share was $0.62, up from $0.48 in Q4 2024; FFOA per diluted share was $0.64, up from $0.63.
Q4 2025 total revenue was $433.1 million, up 2.5% year over year; GAAP net income per diluted share was $0.67, compared with a loss of $(0.02) a year earlier.
Full-year 2026 FFOA guidance is $2.47 to $2.57 per share, midpoint $2.52, versus 2025 actual of $2.54.
The 2026 annualized dividend is $1.74 per share, a 1.2% increase over 2025; the Q4 2025 dividend was $0.43 per share.
UDR, Inc. appointed Ellen M. Goitia, a certified public accountant and former KPMG partner, to its Board of Directors effective January 1, 2026, expanding the Board from nine to ten members. She was also named to the Nominating and Governance Committee and the Audit and Risk Management Committee, and the company described her as an independent director. The filing discloses her standard director compensation but does not indicate any change in the company's financial results or operations.
Ellen M. Goitia appointed to the Board effective January 1, 2026; Board size increased from nine to ten directors
Joins the Nominating and Governance Committee and the Audit and Risk Management Committee
Independent director compensation: $80,000 annual cash retainer plus $200,000 annual equity grant value
Retired from KPMG in May 2016 after serving as partner-in-charge of its Chesapeake Business Unit Audit practice
UDR reported third-quarter 2025 net income of $0.12 per diluted share, up from $0.06 a year earlier, and FFO as Adjusted (FFOA) of $0.65 per diluted share, above its $0.62 to $0.64 guidance range. The company raised its full-year 2025 FFOA guidance to $2.53 to $2.55 and its net income guidance to $0.57 to $0.59, while updating FFO guidance to $2.44 to $2.46, which keeps the midpoint unchanged. For shareholders, the results and raised outlook point to stronger earnings than previously expected, though management noted more moderate lease rate growth to start the fourth quarter.
Q3 2025 total revenue rose 2.8% to $431.9 million; same-store NOI grew 2.3% year over year
Full-year 2025 FFOA guidance raised to $2.53 to $2.55 per diluted share from $2.49 to $2.55; net income guidance raised to $0.57 to $0.59 from $0.53 to $0.59
Agreed to acquire a 406-apartment community in suburban Metropolitan Washington, D.C., for approximately $147.0 million, expected to close in Q4 2025
Board appointed Richard B. Clark; the company repurchased about 651 thousand shares in Q3 for approximately $25.0 million
UDR, Inc. appointed Richard B. Clark, a former Brookfield Corporation senior executive, to its Board of Directors effective October 3, 2025, increasing the Board from eight to nine members. The appointment follows the departure of two long-tenured directors earlier in 2025 and is part of the Board's succession plan for director refreshment.
Richard B. Clark was appointed effective October 3, 2025, and will serve as an independent director.
He joins the Nominating and Governance Committee and the Audit and Risk Management Committee.
Clark served Brookfield Corporation and its predecessors from 1984 to 2021, including as Chairman and CEO of Brookfield Property Group.
Non-employee directors receive an $80,000 annual cash retainer and a $200,000 annual equity grant; Clark will receive a prorated portion.
UDR, Inc. said President and Chief Investment Officer Joseph D. Fisher is resigning effective the close of business on September 2, 2025, under a separation agreement. CEO Tom Toomey was appointed President in addition to his current roles, and other senior managers will take over Fisher's responsibilities.
Fisher's separation package includes $3.0 million in severance on signing plus $3.0 million contingent severance paid over 12 months
Contingent severance is subject to a 50% clawback if Fisher breaches the agreement
Fisher will provide transition assistance through December 31, 2025 and receive group health benefits through September 30, 2030, under certain conditions
UDR, Inc. disclosed that director Clint D. McDonnough decided to immediately retire and resign from its board, effective with his July 31, 2025 notice. The filing says the departure was not due to any disagreement with the company, and the board reduced its size from nine to eight members. This is an administrative board change with no stated effect on financial results.
Clint D. McDonnough advised the board on July 31, 2025 of his immediate retirement and resignation as a director.
The filing states the resignation was not the result of any disagreement with the company on operations, policies, or practices.
The board reduced its size from nine members to eight members.
McDonnough had served as a director since 2016 and was previously Chair of the Audit and Risk Management Committee for five years.
UDR reported second quarter 2025 net income of $0.11 per diluted share, up from $0.08 a year earlier, and FFO of $0.61 per diluted share, up from $0.60. Total revenue rose 2.4% to $425.4 million. The company raised its full-year 2025 FFOA per diluted share and same-store revenue guidance, but lowered its full-year FFO and net income per diluted share guidance, so shareholders see higher FFOA expectations alongside lower FFO expectations.
Q2 2025 FFOA per diluted share was $0.64 versus $0.62 a year earlier and above the $0.61 to $0.63 guidance range; FFO was $0.61 versus $0.60.
Full-year 2025 FFOA per diluted share guidance was raised to $2.49 to $2.55 from $2.45 to $2.55, a $0.02 increase at the midpoint.
Full-year 2025 FFO per diluted share guidance was lowered to $2.42 to $2.48 from $2.45 to $2.55, and net income per diluted share guidance was lowered to $0.53 to $0.59 from $0.56 to $0.66.
Same-store revenue growth guidance was raised to 1.75% to 3.25%, and same-store occupancy was 96.9% for the quarter.
UDR, Inc. appointed David D. Bragg as Senior Vice President and Chief Financial Officer, effective upon his expected start date of July 24, 2025. Current CFO Joseph D. Fisher will give up the CFO and principal financial officer roles and remain President and Chief Investment Officer. The filing discloses Bragg's compensation, which includes a $500,000 base salary and a $200,000 signing bonus, and describes a leadership change in the finance function rather than a change in reported financial results.
David D. Bragg, age 45, becomes CFO and principal financial officer; start date expected July 24, 2025
Base salary $500,000; short-term incentive target $750,000; long-term incentive target value $1,000,000
Signing bonus $200,000 plus signing equity award valued at $2,000,000 vesting ratably over five years
Joseph D. Fisher relinquishes CFO role and retains President and Chief Investment Officer titles
UDR reported first-quarter 2025 results, with net income per diluted share of $0.23 versus $0.13 a year earlier and total revenue of $421.9 million, up 2.0% year over year. FFO per diluted share was $0.58, down from $0.60, while FFO as Adjusted per diluted share was flat at $0.61, and the company reaffirmed its full-year 2025 guidance ranges. The filing also says UDR will start a search for a new chief financial officer, which may matter to shareholders as a leadership change.
Net income per diluted share was $0.23 in Q1 2025 versus $0.13 in Q1 2024; FFO per diluted share was $0.58 versus $0.60.
Same-Store revenue grew 2.6% and NOI grew 2.8% year over year in Q1 2025; Same-Store physical occupancy was 97.2%.
Full-year 2025 FFO as Adjusted per diluted share guidance of $2.45 to $2.55 was reaffirmed; Q2 2025 FFO guidance is $0.61 to $0.63.
UDR will search for a new CFO; Joe Fisher will keep the roles of President and Chief Investment Officer once a CFO is hired.
UDR reported fourth-quarter 2024 net loss per diluted share of $(0.02), compared with $0.10 a year earlier, and FFOA per diluted share of $0.63, flat year over year. The results include a $37.3 million non-cash loan reserve tied to a joint venture loan, and the company set full-year 2025 FFOA guidance of $2.45 to $2.55 per diluted share, which compares with $2.48 in 2024.
Q4 2024 net income per diluted share was $(0.02), versus $0.10 in Q4 2023; FFO per diluted share was $0.48, below the $0.61 to $0.63 guidance range.
Q4 2024 FFOA per diluted share was $0.63, flat year over year and above the $0.62 to $0.64 guidance range.
Full-year 2025 FFOA guidance is $2.45 to $2.55 per diluted share, versus $2.48 in 2024; the loan reserve is expected to reduce 2025 FFOA by about $0.02 per diluted share.
The board set a 2025 annualized dividend of $1.72 per share, a 1.2% increase, and the company will search for a new chief financial officer.
Effective January 1, 2025, UDR promoted Mike Lacy from Senior Vice President of Operations to Chief Operating Officer and added the Chief Investment Officer role to CFO Joe Fisher's existing President and CFO titles. UDR will also start a search for a new Chief Financial Officer, and Fisher will give up that role once a successor is hired. The filing reports no financial results, and the changes affect shareholders mainly through who runs operations, investments and finance.
Mike Lacy, 43, appointed Chief Operating Officer effective January 1, 2025; he had been Senior Vice President - Operations since January 2019 and joined UDR in November 2006
Joseph D. Fisher appointed Chief Investment Officer effective January 1, 2025, while retaining his roles as President and Chief Financial Officer
UDR will begin an executive search for a new Chief Financial Officer; Fisher will relinquish the CFO role upon that hire
The company has not entered into any new compensation arrangements with Lacy in connection with his appointment
UDR reported third quarter 2024 results on October 30, 2024. Total revenue rose 2.4% year over year to $420.2 million, but FFO per diluted share fell to $0.60 from $0.61 and net income per diluted share fell to $0.06 from $0.10. The company narrowed its full-year 2024 FFOA per diluted share guidance to $2.47 to $2.49 from $2.42 to $2.50, raising the midpoint by $0.02 to $2.48.
Q3 2024 FFO per diluted share was $0.60 versus $0.61 a year earlier; FFOA was $0.62 versus $0.63; AFFO was $0.54 versus $0.55.
Full-year 2024 FFO per diluted share guidance is $2.42 to $2.44, with the midpoint up $0.01 to $2.43.
Same-Store revenue grew 1.2% year over year in Q3 2024, while Same-Store expenses rose 2.0%.
Q3 included an $8.1 million non-cash impairment loss on the Junction preferred equity investment.
UDR, Inc. entered into a second amendment to its credit agreement on August 14, 2024, extending its $1.3 billion senior unsecured revolving credit facility and adding an extension option to its $350 million term loan. The amended agreement allows total commitments and borrowings to be increased to up to $2.5 billion, subject to conditions, which gives the company expanded borrowing capacity.
Revolving Credit Facility matures August 31, 2028, with two six-month extension options
Term Loan matures January 31, 2027, with one twelve-month extension option
Accordion feature allows up to $2.5 billion in aggregate commitments and borrowings, subject to lender commitments
Based on current credit rating, revolver margin is 77.5 basis points and facility fee is 15 basis points
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