UDR raises 2026 guidance and forms $2.0 billion Apollo joint venture
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.
Key points
- 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
The filing
Written by AI on Nov 7, 2026, 11:18 PM ET, from this filing only.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.