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UDR (UDR)

Earnings summaries and quarterly performance for UDR.

Research analysts who have asked questions during UDR earnings calls.

Alexander Goldfarb

Piper Sandler

4 questions for UDR

Also covers: ALEX, ALX, AVB +25 more

Austin Wurschmidt

KeyBanc Capital Markets Inc.

4 questions for UDR

Also covers: AHR, AIV, AMH +20 more

John Kim

BMO Capital Markets

4 questions for UDR

Also covers: AIV, ALX, ARDX +32 more

Adam Kramer

Morgan Stanley

3 questions for UDR

Also covers: AMH, AVB, CPT +5 more

Haendel St. Juste

Mizuho Financial Group

3 questions for UDR

Also covers: AAT, ADC, AIV +21 more

Linda Tsai

Jefferies

3 questions for UDR

Also covers: ADC, AKR, AMH +31 more

Alex Kalmus

Zelman & Associates

2 questions for UDR

Also covers: AIV, CPT, ESS

Ami Probandt

UBS

2 questions for UDR

Also covers: AVB, CPT, CSR +4 more

Eric Wolfe

Citi

2 questions for UDR

Also covers: AMH, AVB, CPT +13 more

James Feldman

Wells Fargo

2 questions for UDR

Also covers: AMH, ARE, AVB +16 more

Jana Galan

Bank of America

2 questions for UDR

Also covers: ADC, AHH, BXP +20 more

John Pawlowski

Green Street

2 questions for UDR

Also covers: AIV, AMH, AVB +13 more

Julien Blouin

The Goldman Sachs Group, Inc.

2 questions for UDR

Also covers: ALX, AMH, CBRE +11 more

Michael Goldsmith

UBS

2 questions for UDR

Also covers: ADC, AHR, AMH +33 more

Nicholas Yulico

Scotiabank

2 questions for UDR

Also covers: AHR, ALX, AVB +20 more

Richard Anderson

Wedbush Securities

2 questions for UDR

Also covers: AIV, ARE, AVB +25 more

Alexander Kim

Zelman & Associates

1 question for UDR

Also covers: AVB, CPT, EQR +2 more

Alex Kim

Zelman & Associates

1 question for UDR

Also covers: AVB, CPT, EQR +2 more

Ann Chan

Green Street

1 question for UDR

Also covers: AVB, ELME, IRT +1 more

Brad Heffern

RBC Capital Markets

1 question for UDR

Also covers: ADC, AMH, AVB +15 more

Cooper Clark

Wells Fargo

1 question for UDR

Also covers: APLE, AVB, BRX +16 more

Jamie Feldman

Wells Fargo & Company

1 question for UDR

Also covers: AMH, ARE, AVB +17 more

Jeffrey Spector

BofA Securities

1 question for UDR

Also covers: AKR, AMH, AVB +25 more

Joshua Dennerlein

BofA Securities

1 question for UDR

Also covers: AHR, AMH, ARE +18 more

Mason P. Guell

Baird

1 question for UDR

Also covers: CPT, CSR, IRT +1 more

Nicholas Joseph

Citigroup

1 question for UDR

Also covers: AMH, ARE, CUBE +13 more

Nick Joseph

Citigroup Inc.

1 question for UDR

Also covers: ADC, AIV, ARE +12 more

Omotayo Okusanya

Deutsche Bank AG

1 question for UDR

Also covers: AMH, ARE, BDN +40 more

Rich Hightower

Barclays

1 question for UDR

Also covers: ADC, AMH, AVB +18 more

Sanket Agrawal

Evercore ISI

1 question for UDR

Also covers: ESS, STAG, VRE

Steve Sakwa

Evercore ISI

1 question for UDR

Also covers: ALX, AMH, AVB +31 more

Recent press releases and 8-K filings for UDR.

UDR reports Q3 2025 results
UDR
Earnings
Guidance Update
Share Buyback
  • 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.
Oct 30, 2025, 4:00 PM
UDR announces Q3 2025 earnings
UDR
Earnings
Guidance Update
Share Buyback
  • 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.
Oct 30, 2025, 4:00 PM
UDR announces Q3 2025 results
UDR
Earnings
Share Buyback
New Projects/Investments
  • 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.
Oct 29, 2025, 8:19 PM
UDR reports third quarter 2025 results and raises guidance
UDR
Earnings
Guidance Update
Share Buyback
  • 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.
Oct 29, 2025, 8:16 PM
UDR reports Q2 2025 results and raises full-year guidance
UDR
Earnings
Guidance Update
CFO Change
  • 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.
Jul 31, 2025, 11:20 PM
UDR appoints Dave Bragg as CFO
UDR
CFO Change
Executive Compensation
Hiring
  • 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.
Jun 23, 2025, 12:00 AM
UDR Inc Reports Q1 2025 Earnings & Performance Results
UDR
Earnings
New Projects/Investments
Revenue Acceleration/Inflection
Guidance Update
Dividends
  • 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.
May 1, 2025, 4:01 PM