UDR's results for Q3 2026 (quarter ended Sep 30, 2026) come from the company's own earnings release, filed with the SEC on 2026-11-02. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.
At a glance
| Item | Value |
|---|---|
| Revenue (GAAP) | $428 million (−0.9% vs a year earlier) |
| Diluted EPS (GAAP) | $0.67 |
| Adjusted per-share figure (company's non-GAAP measure; FFO/AFFO for REITs) | $0.65 |
| Full-year guidance | Mixed |
Guidance
UDR raised 2026 FFOA guidance to $2.54–2.56 per share and net income to $1.58–1.60; FFO range updated to $2.48–2.50, midpoint down $0.02.
Why this label: Release raised net income and FFOA ranges but only 'updated' FFO; its table shows FFO midpoint $2.49 (-$0.02) while FFOA $2.55 (+$0.02): core items moved both ways.
| Metric | Period | New | Prior (as stated in the release) |
|---|---|---|---|
| net income per diluted share | FY2026 | $1.58–1.60 | $1.03–1.11 |
| FFO per diluted share | FY2026 | $2.48–2.50 | $2.47–2.55 |
| FFOA per diluted share | FY2026 | $2.54–2.56 | $2.49–2.57 |
| same-store revenue growth | FY2026 | 1.4%–1.8% | 0.75%–2.00% |
| same-store expense growth | FY2026 | 2.7%–3.1% | 2.75%–3.75% |
| same-store NOI growth | FY2026 | 0.8%–1.2% | 0.00%–1.25% |
Next-quarter outlook:
| Metric | Period | Range |
|---|---|---|
| net income per diluted share | Q4 2026 | $0.13–0.15 |
| FFO per diluted share | Q4 2026 | $0.63–0.65 |
| FFOA per diluted share | Q4 2026 | $0.63–0.65 |
From the release
Revenue: "In the third quarter, total revenue decreased by $3.8 million YOY, or (0.9) percent,"
Earnings per share: "Net Income per diluted share · $0.67 · $0.12"
net income per diluted share: "Net Income · $0.67 · $1.45 · $0.13 to $0.15 · $1.03 to $1.11 · $1.58 to $1.60 · $1.59 (+$0.52)"
FFO per diluted share: "FFO · $0.62 · $1.85 · $0.63 to $0.65 · $2.47 to $2.55 · $2.48 to $2.50 · $2.49 (-$0.02)"
FFOA per diluted share: "FFOA · $0.65 · $1.90 · $0.63 to $0.65 · $2.49 to $2.57 · $2.54 to $2.56 · $2.55 (+$0.02)"
Quotes are copied from the filing; in table rows, cell borders are shown as “·”.
Key fact: Closed $2.0 billion Apollo partnership; FFOA outlook raised to $2.54–2.56, FFO midpoint down $0.02.
Source
UDR earnings release (SEC filing), accession 0000074208-26-000084, filed 2026-11-02.
Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.