UDR Posts $0.67 Q3 EPS, Raises 2026 FFOA Guidance to $2.54-$2.56
UDR is trading near its 52-week low of $32.94 (9.0% above the low).
Summary
UDR reported full Q3 2026 results with $0.67 GAAP EPS (boosted by a $190.1 million property-sale gain) and raised full-year FFOA guidance to $2.54-$2.56. The filing also quantifies $185.1 million of buybacks and confirms the $1.34 billion Apollo joint venture closed October 30.
Key Events · Earnings and Guidance · UDR
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Q3 GAAP EPS Jumps on Property Sales
Net income attributable to UDR was $216.1 million, or $0.67 per diluted share, versus $0.12 a year ago, driven by a $190.1 million gain on sale of real estate owned. FFOA per diluted share was $0.65, matching last year.
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Guidance Raised on FFOA, Trimmed on FFO
Full-year 2026 FFOA guidance rose to $2.54-$2.56 (midpoint +$0.02) and net income guidance rose to $1.58-$1.60 (midpoint +$0.52), while FFO guidance was trimmed to $2.48-$2.50 (midpoint -$0.02).
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Buyback Quantified at $185.1 Million
UDR repurchased approximately 5.2 million shares at a weighted average $35.48 for about $185.1 million through the end of October, leaving roughly 20.3 million shares available under the program.
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Apollo JV Closes With $1.34 Billion
The $2.0 billion Apollo partnership closed October 30, 2026: UDR contributed 19 communities (7,059 homes) at an approximate 6.0% cap rate, received $1.34 billion of equity, retained about one-third of the venture and an option to buy back Apollo's interest at a 7.0% target IRR starting in year five.
Analysis · UDR · Real Estate & Construction
Because the headline numbers were pre-announced on October 21, the surprise here is limited—but this filing fills in what that release left out. A $190.1 million gain on real estate sales is why GAAP EPS jumped to $0.67 from $0.12, and the buyback is now quantified: 5.2 million shares at $35.48 for $185.1 million through October, with 20.3 million shares still authorized. The Apollo joint venture also closed on October 30, delivering $1.34 billion of equity that cuts leverage and funds the repurchase program. Core operations are the soft spot: same-store NOI grew 1.6% year over year and was flat sequentially, with the Southeast and Mid-Atlantic dragging. Guidance was raised on FFOA but trimmed on FFO, so the quality of the beat depends on one-time items rather than rent growth.
How filings like this one have moved
In the 30 days to Nov 4, 2026, 32.4% of the 2200 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was 0.00%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, UDR was trading at $35.91 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $11.5B. The 52-week trading range was $32.94 to $42.00. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.