Jun 2026 (Q2 FY26) — Jul 28, 2026
UDR Q2 FY26 — Strong Coastal Market Performance and Raised Full-Year Guidance
Read the full callUDR (UDR) earnings
- Mar 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
UDR earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 426 | +0.9% YoY | Quarterly, as filed | Quarter to Mar 2026 | Revenue from operations as filed. |
| Operating margin | 54.0 | +25.0 pts YoY | Operating profit / revenue | Quarter to Mar 2026 | For the quarter; a change is in percentage points. |
| Net profit | 190 | +147.4% YoY | Quarterly, as filed | Quarter to Mar 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
8 of 8 judged targets kept · 9 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q2 2026 FFO as adjusted (FFOA) per share | $0.62 to $0.64 (midpoint $0.63) | Mar 2026 | second quarter FFOA per share of $0.64 achieved the high end of our guidance range and exceeded consensus. | Achieved |
| Full-year 2026 FFO as adjusted (FFOA) per share | $2.47 to $2.57 (midpoint $2.52) | Dec 2025 | we have raised full year 2026 FFOA guidance by $0.01 per share at the midpoint to $2.53. | Revised Up |
| Q3 2026 FFO as adjusted (FFOA) per share | $0.63 to $0.65 (midpoint $0.64) | Jun 2026 | Looking ahead to the third quarter, our FFOA per share guidance range is $0.63 to $0.65 to $0.64 midpoint contemplates the operating environment | New |
9 of UDR, Inc.'s 17 targets are still open. See which are on track and which have gone quiet. The 3 above are the free sample; 14 more targets are in the full ledger.
Claimed
- Q2 same-store revenue growth of 1.8% exceeded expectations.
- Blended lease rate growth accelerated by 50 basis points to 2.1% compared to Q1.
- Resident retention reached an all-time seasonal high of 60%, 140 basis points better than prior year.
- Coastal markets delivered strong blended lease rate growth of 3.8% on average.
- Associate turnover rate was 19%, substantially better than the industry norm of 34%.
Qualified
- Sunbelt markets experienced negative 2% blended lease rate growth in Q2.
- The strategic wind-down of the Debt and Preferred Equity (DPE) portfolio is expected to result in initial dilution of $0.01 per share for each $100 million not redeployed into DPE.
- Demand in the Washington D.C. MSA was weaker, with occupancy dropping to approximately 95% due to federal employment trends.
Price
$33.84 −1.23% · −$0.42
Performance −6.2% 1Y
1Y: $36.09 on 17 Oct 2025 → $33.84. High $41.24 (7 Jul 2026), low $33.27 (2 Oct 2026).
- Previous close
- $34.26
- 52-week range
- $33.27 – $41.24
- One year
- −6.67%
Overview
- Symbol
- UDR
- Sector
- Real Estate
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
8 of 8 judged targets kept · 9 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Q2 2026 FFO as adjusted (FFOA) per share | $0.62 to $0.64 (midpoint $0.63) | Mar 2026 | second quarter FFOA per share of $0.64 achieved the high end of our guidance range and exceeded consensus. | Achieved |
| Full-year 2026 FFO as adjusted (FFOA) per share | $2.47 to $2.57 (midpoint $2.52) | Dec 2025 | we have raised full year 2026 FFOA guidance by $0.01 per share at the midpoint to $2.53. | Revised Up |
| Q3 2026 FFO as adjusted (FFOA) per share | $0.63 to $0.65 (midpoint $0.64) | Jun 2026 | Looking ahead to the third quarter, our FFOA per share guidance range is $0.63 to $0.65 to $0.64 midpoint contemplates the operating environment | New |
Claimed
- Q2 same-store revenue growth of 1.8% exceeded expectations.
- Blended lease rate growth accelerated by 50 basis points to 2.1% compared to Q1.
- Resident retention reached an all-time seasonal high of 60%, 140 basis points better than prior year.
- Coastal markets delivered strong blended lease rate growth of 3.8% on average.
- Associate turnover rate was 19%, substantially better than the industry norm of 34%.
Qualified
- Sunbelt markets experienced negative 2% blended lease rate growth in Q2.
- The strategic wind-down of the Debt and Preferred Equity (DPE) portfolio is expected to result in initial dilution of $0.01 per share for each $100 million not redeployed into DPE.
- Demand in the Washington D.C. MSA was weaker, with occupancy dropping to approximately 95% due to federal employment trends.
The full ledger
Open UDR, Inc.’s full ledger
A free account opens 5 company ledgers a month. All 17 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
UDR Q1 FY26 — Solid Start with Strategic Capital Allocation and Monthly Dividend Transition
Read the full callEvery analysed call
UDR earnings calls (UDR)
Financials
What the filings say
Net profit, year on year: +147% (quarter to mar 2026 against mar 2025).
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 415 | 420 | 423 | 422 | 425 | 432 | 433 | 426 |
| Expenses | 347 | 350 | 356 | 348 | 348 | 356 | 350 | 353 |
| Operating profit | 69 | 70 | 66 | 122 | 77 | 76 | 278 | 230 |
| Operating margin | 16.5% | 16.6% | 15.7% | 29.0% | 18.2% | 17.7% | 64.1% | 54.0% |
| Interest | 48 | 50 | 50 | 48 | 49 | 51 | 50 | 49 |
| Profit before tax | 31 | 24 | -5 | 82 | 40 | 44 | 238 | 203 |
| Tax rate | 1.2% | −0.7% | −6.0% | 0.2% | 0.6% | 0.9% | 0.0% | 0.2% |
| Net profit | 29 | 23 | -5 | 77 | 38 | 40 | 223 | 190 |
| EPS ($ per share) | 0.08 | 0.06 | — | 0.23 | 0.11 | 0.12 | — | 0.58 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Total liabilities | 3,816 | 5,228 | 5,523 | 6,001 | 6,100 | 6,421 | 6,437 | 6,457 |
| Total assets | 7,712 | 9,636 | 9,638 | 10,775 | 11,038 | 11,373 | 10,898 | 10,606 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 561 | 631 | 604 | 664 | 820 | 833 | 877 | 903 |
| Cash from investing | -114 | -1,687 | -461 | -1,272 | -930 | -289 | -276 | -151 |
| Cash from financing | -260 | 880 | -153 | 613 | 111 | -539 | -600 | -750 |
| Capital expenditure | -117 | -167 | -163 | -156 | -215 | -295 | -250 | -253 |
| Free cash flow | 443 | 464 | 441 | 508 | 605 | 537 | 627 | 650 |
UDR revenue by segment
| Segment | Q1 FY2026 | Q2 FY2026 | YoY growth latest quarter |
|---|---|---|---|
| Management Service | 99% | 101% | — |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
Insider filings
11 filings between Jan 2, 2026 and Jul 23, 2026.
Open market
decisions to buy or sellPurchases
None
No insider bought shares.
Sales
$3.14M
1 sale by 1 insider
Compensation
not trading decisions- 6
- Award — granted as compensation
- 4
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| TOOMEY THOMAS W | — | $3.14M | Jun 5, 2026 |
Latest filings (21)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Jul 23, 2026 | Bragg David D. SVP - Chief Financial Officer | Tax withheld | 2,134 | $84.3K |
| Jun 5, 2026 | TOOMEY THOMAS W Chairman, President and CEO | Sale | 80,000 | $3.14M |
| Feb 12, 2026 | TOOMEY THOMAS W Chairman, President and CEO | Tax withheld | 26,907 | $1.03M |
| Feb 12, 2026 | BENSON KEITH SVP-Chief Legal Officer | Award | 12,330 | $0 |
| Feb 12, 2026 | BENSON KEITH SVP-Chief Legal Officer | Tax withheld | 2,845 | $108.6K |
| Feb 12, 2026 | Bragg David D. SVP - Chief Financial Officer | Award | 6,741 | $0 |
| Feb 12, 2026 | Bragg David D. SVP - Chief Financial Officer | Tax withheld | 1,099 | $41.9K |
| Feb 12, 2026 | TOOMEY THOMAS W Chairman, President and CEO | Award | 92,646 | $0 |
| Jan 2, 2026 | Goitia Ellen M. Director | Award | 5,451 | $200.0K |
| Jan 2, 2026 | MCNAMARA ROBERT A Director | Award | 5,451 | $200.0K |
| Jan 2, 2026 | CATTANACH KATHERINE A Director | Award | 4,088 | $150.0K |
| Oct 10, 2025 | GROVE JON A Director | Gift | 120,000 | $0 |
| Jul 23, 2025 | Bragg David D. SVP - Chief Financial Officer | Award | 24,384 | $1000.0K |
| Feb 20, 2025 | TOOMEY THOMAS W Chairman and CEO | Sale | 25,000 | $1.07M |
| Feb 19, 2025 | Hofmeister Tracy L SVP-Chief Accounting Officer | Award | 1,000 | $42.9K |
| Feb 18, 2025 | Lacy Michael D COO | Tax withheld | 584 | $25.2K |
| Feb 13, 2025 | Lacy Michael D COO | Tax withheld | 566 | $24.4K |
| Feb 13, 2025 | Lacy Michael D COO | Award | 1,155 | $0 |
| Feb 13, 2025 | Hofmeister Tracy L SVP-Chief Accounting Officer | Award | 574 | $0 |
| Jan 2, 2025 | CATTANACH KATHERINE A Director | Award | 2,528 | $107.5K |
| Jan 2, 2025 | MCNAMARA ROBERT A Director | Award | 4,703 | $200.0K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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