Core Insights - UDR reported revenue of $429.29 million for Q3 2025, a year-over-year increase of 2.2%, with an EPS of $0.65 compared to $0.08 a year ago [1] - The revenue fell slightly short of the Zacks Consensus Estimate of $429.73 million, resulting in a surprise of -0.1%, while the EPS exceeded expectations by 3.17% [1] - UDR's stock has returned -6% over the past month, underperforming the Zacks S&P 500 composite, which increased by 3.8% [3] Financial Performance Metrics - Weighted Average Physical Occupancy was reported at 96.6%, slightly below the four-analyst average estimate of 96.7% [4] - Revenue from joint venture management and other fees was $2.57 million, exceeding the average estimate of $2.32 million, representing a year-over-year increase of 24% [4] - Rental income was reported at $429.29 million, compared to the estimated $430.04 million, reflecting a year-over-year increase of 2.7% [4] - Net Earnings Per Share (Diluted) was $0.12, slightly above the average estimate of $0.11 [4]

Core Insights - UDR reported quarterly funds from operations (FFO) of $0.65 per share, exceeding the Zacks Consensus Estimate of $0.63 per share, and up from $0.62 per share a year ago, representing an FFO surprise of +3.17% [1] - The company posted revenues of $429.29 million for the quarter ended September 2025, slightly missing the Zacks Consensus Estimate by 0.1%, but up from $420.16 million year-over-year [2] - UDR shares have underperformed the market, losing about 19.3% since the beginning of the year compared to the S&P 500's gain of 17.2% [3] Financial Performance - Over the last four quarters, UDR has surpassed consensus FFO estimates two times and topped consensus revenue estimates just once [2] - The current consensus FFO estimate for the coming quarter is $0.64 on revenues of $431.72 million, and for the current fiscal year, it is $2.51 on revenues of $1.7 billion [7] Market Outlook - The sustainability of UDR's stock price movement will depend on management's commentary during the earnings call and future FFO expectations [3][4] - The Zacks Industry Rank indicates that the REIT and Equity Trust - Residential sector is currently in the bottom 41% of over 250 Zacks industries, which may impact UDR's performance [8]

Financial Performance - Net income attributable to UDR, Inc. for Q3 2025 was $40,409,000, an increase from $22,597,000 in Q3 2024, representing an 79% year-over-year growth[4] - Funds from Operations (FFO) per diluted share for Q3 2025 was $0.62, compared to $0.60 in Q3 2024, reflecting a 3.3% increase[7] - Total revenues for Q3 2025 reached $431,864,000, up from $420,160,000 in Q3 2024, marking a 4% increase[4] - The company reported a year-to-date net income of $154,802,000 for 2025, compared to $94,629,000 for the same period in 2024, indicating a 63% increase[4] - Total revenues for the year-to-date (YTD) 2025 reached $1,223,180,000, reflecting a 2.6% increase compared to $1,192,680,000 in YTD 2024[55] - Net operating income (NOI) for YTD 2025 was $837,725,000, up 2.5% from $817,334,000 in YTD 2024[55] Revenue and Occupancy - Same-store revenue growth for Q3 2025 was 2.6%, with a full-year guidance of 2.20% to 2.60%[2] - Physical occupancy rate stood at 96.6% for Q3 2025, slightly down from 96.9% in Q3 2024[2] - Same-store communities generated revenues of $414,657,000 for the quarter, reflecting a year-over-year increase from $404,241,000[26] - Total net operating income for the quarter was $292,135,000, up from $281,399,000 in the same quarter last year[26] - The average physical occupancy rate across all regions was 96.6%, showing a 0.3% increase from the previous year[41] - Total physical occupancy across all regions was reported at 96.2% for Q3 2025[63] Debt and Equity - Consolidated debt as a percentage of total assets decreased to 32.6% in Q3 2025 from 32.9% in Q3 2024[2] - Total liabilities increased slightly to $6,450,484 from $6,436,691, reflecting a marginal rise of 0.2%[10] - Total stockholders' equity decreased to $3,274,966, down from $3,443,205, indicating a decline of approximately 4.9%[10] - Total debt stood at $5,849,396 with a weighted average interest rate of 3.35%[15] - The company has a $1.3 billion line of credit with no borrowings outstanding as of September 30, 2025[19] Capital Expenditures and Investments - The company plans to issue up to a maximum aggregate amount of $700 million under its unsecured commercial paper program[17] - The company recorded a total investment of $72.55 million in stabilized communities with a weighted average return rate of 10.8%[72] - The company expects FFO per common share and unit for Q4 2025 to be in the range of $0.63 to $0.65, and for the full year 2025, it is projected to be $2.44 to $2.46[79] - Capital expenditures for recurring, NOI enhancing, and redevelopment are expected to be between $235 million and $245 million for the full year 2025[79] Operational Efficiency - The company’s physical occupancy rate is a key metric, defined as the number of occupied homes divided by the total homes available at a community, reflecting operational efficiency[110] - The company emphasizes that FFO is a useful metric for evaluating property acquisitions and operating performance, providing a consistent comparison across time periods[101] - Year-over-year same-store operating expenses increased by 3.1% to $131,824,000, driven by higher personnel and utility costs[29] Regional Performance - The West Region contributed 31.4% of the same-store net operating income, with Orange County, CA leading at 10.9%[37] - The Northeast Region accounted for 19.5% of the same-store net operating income, with Boston, MA at 11.6%[37] - The Southeast Region's same-store net operating income was 13.2%, with Tampa, FL contributing 5.6%[37] - The Southwest Region's same-store net operating income was 10.3%, with Dallas, TX at 8.3%[37] Future Outlook - The company anticipates adding 893 homes to the same-store portfolio by the end of 2026[36] - The company continues to focus on market expansion and enhancing operational efficiency to drive future growth[45]

Core Insights - UDR, Inc. reported its third quarter 2025 results, showing significant growth in net income and funds from operations compared to the previous year [1]. Financial Performance - Net Income per diluted share for Q3 2025 was $0.12, exceeding the guidance of $0.11 to $0.13 and showing a 100% increase from $0.06 in Q3 2024 [1]. - Funds from Operations (FFO) per diluted share for Q3 2025 was not fully detailed in the provided text, but it is a key metric for assessing the company's performance [1].

Core Insights - UDR Inc. is expected to announce its third-quarter 2025 results on October 29, with anticipated growth in revenues and funds from operations (FFO) per share [1] Company Performance - In the last reported quarter, UDR achieved an adjusted FFO per share of 64 cents, exceeding the Zacks Consensus Estimate of 62 cents, driven by year-over-year growth in same-store net operating income (NOI) due to a higher effective blended lease rate [2] - Over the past four quarters, UDR's FFO as adjusted per share met or surpassed the Zacks Consensus Estimate on four occasions, with an average surprise of 0.81% [3] Market Conditions - The U.S. apartment market experienced a slowdown in Q3 2025, with effective asking rents declining by 0.3% from July to September, marking the first rent cut during this period since 2009 [4] - Approximately 637,000 market-rate apartments were absorbed in the year ending Q3 2025, a decrease from nearly 784,900 units absorbed in the previous quarter, attributed to sluggish new lease activity amid weaker job growth and cautious consumer behavior [5] - Nationally, about 474,800 units were completed over the past year, with 105,500 units completed in Q3, leading to increased competition among landlords and a slight drop in occupancy rates to 95.4% [6] Rental Trends - To attract renters, 22% of properties offered discounts averaging 6.2%, indicating a shift towards prioritizing occupancy over pricing power [7] - Rent declines varied by region, with significant drops in markets that experienced aggressive construction, while areas with lighter construction, such as the Midwest and Northeast, fared better [8] Projections for UDR - UDR's third-quarter results are expected to benefit from its diverse portfolio of A/B quality properties, with projected rental income growth of 2.3% year-over-year and same-property NOI expected to increase by 4.3% [9][10] - The Zacks Consensus Estimate for UDR's quarterly revenues is $430.08 million, reflecting a 2.36% year-over-year rise, with FFO per share expected to be in the range of 62-64 cents [13] - The consensus estimate for FFO as adjusted per share has remained unchanged at 63 cents over the past three months, indicating a 1.61% year-over-year increase [14] Earnings Prediction - UDR has a positive Earnings ESP of +0.41% and a Zacks Rank of 3, suggesting a potential surprise in FFO per share for the upcoming quarter [15]

分组1 - The S&P 500 index currently has a low yield of approximately 1.2%, making reliable dividend stocks more attractive for investors seeking better returns [2] - Realty Income is the largest net lease REIT, boasting over 15,600 properties and a market cap over three times larger than its closest competitor, with a dividend yield of 5.4% and a 30-year history of annual dividend increases [3][4] - Prologis, a leading industrial REIT with a market cap exceeding $100 billion, offers a dividend yield of around 3.5% and has seen its dividend grow by over 150% in the past decade, indicating significant growth potential [6][7] 分组2 - Realty Income's business model is characterized by a net lease approach, where tenants cover most property expenses, allowing the company to focus on collecting rent with minimal operational hassle [4] - Prologis is positioned for long-term growth, leveraging its size and market presence to capitalize on opportunities within the industrial asset class [6][7] - UDR has recently repositioned its apartment portfolio and is now set for long-term growth, although specific details on its current performance were not provided [7]

estate investment trust, today announced the publication of the Company's seventh annual Corporate Responsibility Report and a related Investor Presentation, which can be accessed on the Company's investor relations website at ir.udr.com and on its updated Corporate Responsibility website at https://www.udr.com/esg/. The report and presentation summarize the Company's achievements in calendar year 2024 an. DENVER--(BUSINESS WIRE)--UDR, Inc. (the "Company†) (NYSE: UDR), a leading multifamily real ...

Core Insights - The U.S. apartment market has experienced a slowdown, with effective asking rents declining by 0.3% in Q3 2025, marking the first decline in this period since 2009 [1][10] - The overall economic cooling is reflected in the rental market, with a year-over-year rent decrease of 0.1% [1][10] Market Demand and Supply - Approximately 637,000 market-rate apartments were absorbed in the year-ending Q3 2025, a decrease from nearly 784,900 units absorbed in the previous quarter [3] - Construction of around 474,800 units was completed over the past year, with 105,500 units completed in Q3 alone, indicating a high supply level [4] - Occupancy rates fell to 95.4%, down 30 basis points, ending five consecutive quarters of gains [4][10] Rental Concessions and Tenant Behavior - To attract renters, 22% of properties offered discounts averaging 6.2%, indicating a shift towards prioritizing occupancy over pricing power [5] - Resident retention rates increased as renters opted to stay put amid economic uncertainty [5][8] Regional Performance Variations - Regions with aggressive construction during the boom, particularly in the South and West, are experiencing significant rent declines, with rents dropping nearly 8% in Denver and Austin [6] - Conversely, markets with lighter construction pipelines, such as the Midwest and Northeast, have fared better, with tech-heavy coastal cities like San Francisco and New York seeing modest rent growth [7] Outlook for Residential REITs - Residential REITs like AvalonBay Communities, Equity Residential, Essex Property Trust, and UDR are expected to report modest revenue and FFO growth in Q3 2025 despite the broader market slowdown [2][10] - AvalonBay anticipates a 5.15% year-over-year increase in revenues, with a core FFO per share growth of 2.55% [13] - Equity Residential expects same-store revenue growth of 2.6% to 3.2% for the full year, with a quarterly revenue estimate of $781.41 million, indicating a 4.42% year-over-year increase [15][16] - Essex Property Trust projects a 5.51% year-over-year rise in revenues, with same-property revenue growth remaining in line with expectations [19] - UDR forecasts a 2.37% year-over-year rise in revenues, supported by a well-diversified portfolio and technology-driven operational efficiencies [21][22]

DENVER--(BUSINESS WIRE)--UDR, Inc. (the "Company†) (NYSE: UDR), a leading multifamily real estate investment trust, announced today that it will release its third quarter 2025 financial results on Wednesday, October 29, 2025, after the market closes. A webcast and conference call that will be open to the public will be held on Thursday, October 30, 2025, at 12:00 p.m. Eastern Time. During the webcast and conference call, company officers will review third quarter 2025 results, discuss recent ev. ...

Oct 7, 2025 4:16 PM Eastern Daylight Time DENVER--(BUSINESS WIRE)--UDR, Inc. (the "Company†) (NYSE: UDR), a leading multifamily real estate investment trust, announced today the appointment of Richard "Ric†B. Clark to its Board of Directors, effective October 3. Mr. Clark will serve as an independent director and has been appointed to the Nominating and Governance Committee and the Audit and Risk Management Committee. His appointment, which follows the departure of two long-tenured directors earlier in 20 ...