UDR posts transcript of Q2 2026 earnings call
UDR•Q2 earnings call highlights
- UDR’s Q2 2026 earnings call drew CEO Tom Toomey, COO Mike Lacy, CFO Dave Bragg, IR VP Trent Trujillo, Senior Officer Chris Van Ens.
- Q2 FFOA per share was $0.64; full-year FFOA midpoint was raised to $2.53; Q3 FFOA per share outlook is $0.63-$0.65.
- Guidance was raised for same-store revenue to 0.75%-2%; Q2 same-store revenue was up 1.8% on 2.1% blended lease growth; occupancy was in the mid-96% range.
- The strategy shifted to let debt and preferred equity book run off; the portfolio is expected to fall from $380 million to $250-$300 million by year-end; 2026 contribution is about $0.10 per share.
- Capital moves included $295 million of dispositions under way; share repurchases of 5,500,000 shares for $200 million; first monthly dividend to start this week.
