Quarterly ResultApr 29, 2026, 04:44 PM
UDR Q1 EPS $0.57, FFO $0.63; Updates FY26 Guidance; Monthly Dividend
AI Summary
UDR, Inc. announced strong first quarter 2026 results, with Net Income per diluted share at $0.57 and FFO per diluted share at $0.63, both aligning with or exceeding guidance. The company updated its full-year 2026 guidance, raising the midpoint for Net Income and FFO per diluted share. UDR also announced a strategic shift to a monthly common stock dividend, starting July 2026, and completed $362.0 million in asset sales and $150.0 million in share repurchases.
Key Highlights
- Q1 2026 Net Income per diluted share was $0.57, up 148% YoY.
- Q1 2026 FFO per diluted share was $0.63, up 9% YoY, meeting guidance.
- Updated full-year 2026 FFO per diluted share guidance midpoint to $2.53 (+$0.01).
- Announced commencement of a monthly common stock dividend starting July 2026.
- Completed sales of four apartment communities for gross proceeds of $362.0 million.
- Repurchased $150.0 million of common stock in Q1 and subsequent to quarter-end.
- Same-Store Net Operating Income (NOI) declined 0.8% YoY and 3.2% sequentially.