Real estate investment trust UDR raises 2026 outlook
UDR•UDR raised its 2026 net income guidance to $1.58-$1.60 per diluted share and FFOA guidance to $2.54-$2.56 per diluted share. Preliminary third-quarter adjusted FFO per share was $0.65, at the high end of its guidance range.
1. Raised full-year outlook
UDR raised its full-year 2026 net income guidance to $1.58-$1.60 per diluted share and FFOA guidance to $2.54-$2.56 per diluted share. It expects fourth-quarter 2026 net income of $0.13-$0.15 per diluted share.
2. Third-quarter results
Preliminary third-quarter net income was $214.87 million, or $0.67 per share, above the company’s prior guidance. Adjusted FFO per share was $0.65, at the high end of guidance. Same-store revenue rose 1.8% year over year and net operating income increased 1.6%; physical occupancy was 96.5% and the effective blended lease rate grew 2.0%.
3. Apartment sales
UDR sold two apartment communities for $183 million and is under contract to sell another.
