UDR, Inc. (UDR) Form 8-K — Oct 21, 2026
UDR announced preliminary Q3 2026 results with Net Income per diluted share of $0.67, far above its prior $0.13-$0.15 guidance range, driven largely by $190.1 million in gains on real estate sales. FFOA per share of $0.65 hit the high end of guidance, and the company raised its full-year 2026 Net Income guidance midpoint by $0.52 to $1.59 per diluted share. In a parallel announcement, UDR and Apollo (NYSE: APO) intend to form a $2.0 billion joint venture covering 19 apartment communities with 7,059 homes.
Key figures
- Eps
- 0.67
- Guidance
- Full-year 2026 Net Income per diluted share raised to $1.58-$1.60 (midpoint $1.59, +$0.52); FFOA per diluted share raised to $2.54-$2.56 (midpoint $2.55, +$0.02); 4Q 2026 Net Income outlook $0.13-$0.15, FFOA $0.63-$0.65
- Total Debt
- 6373451
- Total Assets
- 10301216
- Shares Outstanding
- 346034
- Jv communities
- 19
- Implied cap rate
- approximately 6.0%
- Monthly dividend
- $0.145 per share
- Ss noi growth q3
- 1.6%
- Portfolio avg age
- 39 years
- Total homes owned
- 60617
- Apollo jv interest
- approximately two-thirds
- Jv apartment homes
- 7059
- Jv portfolio value
- $2.0 billion
- Pending disposition
- $68.5 million (296-home community, Washington D.C. area)
- Avg revenue per home
- $2,058
- Lasalle jv expansion
- $958.3 million total; $103.2 million cash proceeds to UDR
- Ss revenue growth q3
- 1.8%
- Ffo per share q3 2026
- $0.62
- Physical occupancy q3
- 96.5%
- Ffoa per share q3 2026
- $0.65 (high end of $0.63-$0.65 guidance)
- Apollo equity investment
- $1.34 billion
- Repurchase option return
- 7.00-7.50% fixed, starting at fifth anniversary of closing
- Udr jv retained interest
- one-third
- Dispositions gross proceeds
- $183.0 million for two communities (412 homes)
- Blended lease rate growth q3
- 2.0%
- Q3 net income attributable common
- $214.9 million
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