Earnings summaries and quarterly performance for UDR.
Executive leadership at UDR.
Board of directors at UDR.
Research analysts who have asked questions during UDR earnings calls.
Alexander Goldfarb
Piper Sandler
4 questions for UDR
Austin Wurschmidt
KeyBanc Capital Markets Inc.
4 questions for UDR
John Kim
BMO Capital Markets
4 questions for UDR
Adam Kramer
Morgan Stanley
3 questions for UDR
Haendel St. Juste
Mizuho Financial Group
3 questions for UDR
Linda Tsai
Jefferies
3 questions for UDR
Alex Kalmus
Zelman & Associates
2 questions for UDR
Ami Probandt
UBS
2 questions for UDR
Eric Wolfe
Citi
2 questions for UDR
James Feldman
Wells Fargo
2 questions for UDR
Jana Galan
Bank of America
2 questions for UDR
John Pawlowski
Green Street
2 questions for UDR
Julien Blouin
The Goldman Sachs Group, Inc.
2 questions for UDR
Michael Goldsmith
UBS
2 questions for UDR
Nicholas Yulico
Scotiabank
2 questions for UDR
Richard Anderson
Wedbush Securities
2 questions for UDR
Alexander Kim
Zelman & Associates
1 question for UDR
Alex Kim
Zelman & Associates
1 question for UDR
Ann Chan
Green Street
1 question for UDR
Brad Heffern
RBC Capital Markets
1 question for UDR
Cooper Clark
Wells Fargo
1 question for UDR
Jamie Feldman
Wells Fargo & Company
1 question for UDR
Jeffrey Spector
BofA Securities
1 question for UDR
Joshua Dennerlein
BofA Securities
1 question for UDR
Mason P. Guell
Baird
1 question for UDR
Nicholas Joseph
Citigroup
1 question for UDR
Nick Joseph
Citigroup Inc.
1 question for UDR
Omotayo Okusanya
Deutsche Bank AG
1 question for UDR
Rich Hightower
Barclays
1 question for UDR
Sanket Agrawal
Evercore ISI
1 question for UDR
Steve Sakwa
Evercore ISI
1 question for UDR
Recent press releases and 8-K filings for UDR.
- UDR’s Q3 same-store revenue grew 2.6% and NOI grew 2.3% year-over-year, driven by 0.8% blended lease rate growth, 96.6% average occupancy, and controlled expense growth of 3.1%.
- Full-year 2025 guidance was updated: same-store revenue growth midpoint raised to 2.4%, expense growth to 2.75%, FFOA per share now expected at $2.53–$2.55, and Q4 FFOA guidance set at $0.63–$0.65.
- Capital deployment includes agreement to acquire a 406-unit Northern Virginia community for $147 M , repurchase of 930 k shares at $37.70 per share, and extension of a $350 M senior unsecured term loan to January 2029.
- Balance sheet remains robust with > $1 B of liquidity, debt to enterprise value at 30%, net debt to EBITDA at 5.5×, and only 6% of consolidated debt maturing in 2026.
- UDR reported Net Income per diluted share of $0.12, FFO of $0.62, and FFOA of $0.65 for Q3 2025, representing year-over-year increases of 100%, 3%, and 5%, respectively.
- Same-Store results in Q3 2025 showed revenue growth of 2.6%, expense growth of 3.1%, and NOI growth of 2.3% with physical occupancy at 96.6%.
- The company raised its full-year 2025 guidance, with Net Income per share revised to $0.57–$0.59, FFO to $2.44–$2.46, and FFOA to $2.53–$2.55, and set Q4 2025 outlook at $0.13–$0.15 Net Income per share.
- During Q3, UDR repurchased 651,000 shares for $25.0 million (plus 277,000 shares for $10.0 million post-quarter), extended its $350 million term loan to January 2029 with a lower spread, and maintained ~$1.0 billion of liquidity.
- UDR reported Q3 2025 net income per diluted share of $0.12 (up from $0.06 in Q3 2024), FFO of $0.62 (+3%) and FFOA of $0.65 (+5%).
- Same-store operating results showed 2.6% revenue growth, 3.1% expense growth and 2.3% NOI growth year-over-year.
- The company received full repayment of a $32.2 M preferred equity investment in a 142-unit Los Angeles community and funded $23.8 M at 11.25% in Orlando and $35.8 M at 10.0% in Orange County.
- UDR repurchased 651 k shares at an average price of $38.37 (
$25 M) during Q3 and 277 k shares at $36.14 ($10 M) post-quarter; extended its $350 M term loan maturity to January 31, 2029, and entered a $175 M 4.0% interest rate swap.
- UDR delivered Q3 2025 FFO per diluted share of $0.62, FFOA per diluted share of $0.65, and net income per diluted share of $0.12, each exceeding guidance.
- The company raised its full-year 2025 outlook for net income per diluted share to $0.57–$0.59 (midpoint +$0.02) and FFOA per diluted share to $2.53–$2.55 (midpoint +$0.02).
- UDR repurchased 651 k shares at an average price of $38.37 for $25.0 M in Q3 and an additional 277 k shares post-quarter at $36.14 for $10.0 M; liquidity totaled $1.0 B as of September 30, 2025.
- Agreed to acquire a 406-unit community in the Washington, D.C. suburbs for $147.0 M closing in Q4 2025, and deployed ~$59.6 M in preferred equity investments at 10.0–11.25% return rates.
- Declared a quarterly dividend of $0.43 per share, a 1.2% increase over Q3 2024, payable October 31, 2025.
- Q2 same-store revenue and NOI grew 2.5% and 2.9% YoY, driven by 2.8% blended lease-rate growth, 96.9% occupancy, and 10% income growth from rentable items.
- FFO per share of $0.64 beat guidance; full-year FFOA per share guidance raised to $2.49–$2.55, up $0.02 at the midpoint.
- Full-year same-store revenue growth guidance raised to 1.75%–3.25% (midpoint 2.5%) and expense growth midpoint lowered to 3%.
- Appointed Dave Bragg as CFO and maintained strong liquidity with over $1.1 billion available and only 10% of debt maturing through 2026.
- UDR, Inc. named Dave Bragg as Chief Financial Officer, effective July 24, 2025; he succeeds Joe Fisher, who will continue as President and Chief Investment Officer.
- Mr. Bragg joins from Roots Management Group, bringing over two decades of real estate finance, investment strategy, and capital markets experience, including prior roles as CFO at Roots and Managing Director at Green Street.
- His initial compensation package includes a $500,000 base salary, $750,000 target annual bonus, $1,000,000 target long-term incentive, plus a $200,000 signing bonus and $2,000,000 equity award vesting over five years.
- UDR Inc reported its Q1 2025 earnings with guidance showing an EPS range of $0.11 to $0.13 and FFO per share between $0.61 and $0.63.
- The company delivered strong same-store performance with 2.6% revenue growth and 2.8% NOI growth driven by improved occupancy, resident retention, and effective lease pricing strategies.
- UDR Inc executed active capital deployment, including strategic asset sales generating $211.5 million and targeted development investments, with notable regional momentum on the East Coast.
- A robust balance sheet was highlighted by over $1 billion in liquidity, low debt maturities, and favorable leverage ratios (debt-to-enterprise value at 27% and net debt-to-EBITDA at 5.7x).
- The consolidated financials as of March 31, 2025, reported total assets of approximately $10.75B and total liabilities of about $6.36B.
- The firm reaffirmed full-year same-store revenue growth guidance of 1.25% to 3.25% for 2025.
Quarterly earnings call transcripts for UDR.
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