• Reported GAAP EPS of $0.67 up 3450.00% YoY • Reported revenue of $433.11M up 2.46% YoY • UDR projects full-year 2026 FFO and FFOA per diluted share between $2.47 and $2.57, with Same-Store NOI growth ranging from (1.00)% to 1.25%. UDR also raised its 2026 annualized dividend per share to $1.74.
Bullish
UDR expanded its joint venture and acquired a new property, repurchased $92.8 million in shares, and repaid debt. UDR also achieved positive operating momentum and reaccelerated lease rate growth.
Bearish
UDR's 2026 Same-Store NOI growth outlook includes a potential decline, and Q4 2025 Same-Store expenses grew faster than revenue. Several UDR regions also experienced sequential revenue declines.