UDR (UDR) official guidance
UDR (UDR) official earnings guidance and management outlook. Each figure management stated is shown with its revisions and the source quote.
See the full Filings Intelligence suiteUDRUDR, Inc.FY2026 · ends 2026-12-31
1 metric1 raisedearnings preannouncement · 9d
2026-10-21 12:06:12 UTC$1.58 – $1.6raised +48.6%39.8% – 41.6% vs FY2025
| 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) |
UDR · EX-99.1 · Q3 FY2026
2026-10-21 12:05:10 UTCOpen source
2026-07-27 20:20:23 UTC$1.03 – $1.11raised +11.5%-8.8% – -1.8% vs FY2025
| Net Income | $0.21 | $0.79 | $0.13 to $0.15 | $0.91 to $1.01 | $1.03 to $1.11 | $1.07 (+$0.11) | | |
UDR · EX-99.1 · Q2 FY2026
2026-07-27 20:19:30 UTCOpen source
2026-04-29 20:18:46 UTC$0.91 – $1.01raised +92.0%-19.5% – -10.6% vs FY2025
Net Income per diluted share | $0.57 | $0.12 to $0.14 | $0.45 to $0.55 | $0.91 to $1.01 | | | $0.96 (+$0.46)
UDR · EX-99.1 · Q1 FY2026
2026-04-29 20:18:07 UTCOpen source
2026-02-09 21:20:48 UTC$0.45 – $0.55new
| Net Income per diluted share | $0.67 | $0.11 to $0.13 | $0.45 to $0.55 | | $0.50 | | $1.13 |
UDR · EX-99.1 · Q4 FY2025
2026-02-09 21:20:05 UTCOpen source
UDRUDR, Inc.Q4 FY2026 · ends 2026-12-31
1 metric1 newearnings preannouncement · 9d
2026-10-21 12:06:12 UTC$0.13 – $0.15new-80.6% – -77.6% vs Q4 FY2025
| 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) |
UDR · EX-99.1 · Q3 FY2026
2026-10-21 12:05:10 UTCOpen source
UDRUDR, Inc.FY2026 · ends 2026-12-31
1 metric1 raisedearnings preannouncement · 9d
2026-10-21 12:06:12 UTC$2.54 – $2.56raised +0.8%
| FFOA | $0.65 | $1.90 | $0.63 to $0.65 | $2.49 to $2.57 | $2.54 to $2.56 | $2.55 (+$0.02) |
UDR · EX-99.1 · Q3 FY2026
2026-10-21 12:05:10 UTCOpen source
2026-07-29 04:01:53 UTC$2.53maintained
As year-to-date results have exceeded our initial midpoint expectations, we have raised full year 2026 FFOA guidance by $0.01 per share at the midpoint to $2.53.
UDR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-07-27 20:20:23 UTC$2.49 – $2.57raised +0.4%
| FFOA | $0.64 | $1.25 | $0.63 to $0.65 | $2.47 to $2.57 | $2.49 to $2.57 | $2.53 (+$0.01) | | |
UDR · EX-99.1 · Q2 FY2026
2026-07-27 20:19:30 UTCOpen source
2026-04-29 20:18:46 UTC$2.47 – $2.57maintained
FFOA per diluted share | $0.62 | $0.62 to $0.64 | $2.47 to $2.57 | $2.47 to $2.57 | | | $2.52 (unch)
UDR · EX-99.1 · Q1 FY2026
2026-04-29 20:18:07 UTCOpen source
2026-02-11 05:01:37 UTC$2.47 – $2.57maintained
Primary expectations include full year FFOA per share guidance of $2.47 to $2.57, and same store revenue and growth expectations that translate to point 125% year over year NOI growth at the midpoint.
UDR · transcript · Q4 FY2025
2026-02-11 05:00:00 UTCOpen source
2026-02-09 21:20:48 UTC$2.47 – $2.57new
| FFOA per diluted share | $0.64 | $0.61 to $0.63 | $2.47 to $2.57 | | $2.52 | | $2.54 |
UDR · EX-99.1 · Q4 FY2025
2026-02-09 21:20:05 UTCOpen source
UDRUDR, Inc.Q4 FY2026 · ends 2026-12-31
1 metric1 newearnings preannouncement · 9d
2026-10-21 12:06:12 UTC$0.63 – $0.65new
| FFOA | $0.65 | $1.90 | $0.63 to $0.65 | $2.49 to $2.57 | $2.54 to $2.56 | $2.55 (+$0.02) |
UDR · EX-99.1 · Q3 FY2026
2026-10-21 12:05:10 UTCOpen source
UDRUDR, Inc.FY2026 · ends 2026-12-31
1 metric1 loweredearnings preannouncement · 9d
2026-10-21 12:06:12 UTC$2.48 – $2.5lowered -0.8%
| FFO | $0.62 | $1.85 | $0.63 to $0.65 | $2.47 to $2.55 | $2.48 to $2.50 | $2.49 (-$0.02) |
UDR · EX-99.1 · Q3 FY2026
2026-10-21 12:05:10 UTCOpen source
2026-07-27 20:20:23 UTC$2.47 – $2.55lowered -0.8%
| FFO | $0.60 | $1.23 | $0.63 to $0.65 | $2.48 to $2.58 | $2.47 to $2.55 | $2.51 (-$0.02) | | |
UDR · EX-99.1 · Q2 FY2026
2026-07-27 20:19:30 UTCOpen source
2026-04-29 20:18:46 UTC$2.48 – $2.58raised +0.4%
FFO per diluted share | $0.63 | $0.62 to $0.64 | $2.47 to $2.57 | $2.48 to $2.58 | | | $2.53 (+$0.01)
UDR · EX-99.1 · Q1 FY2026
2026-04-29 20:18:07 UTCOpen source
2026-02-09 21:20:48 UTC$2.47 – $2.57new
| FFO per diluted share | $0.62 | $0.61 to $0.63 | $2.47 to $2.57 | | $2.52 | | $2.43 |
UDR · EX-99.1 · Q4 FY2025
2026-02-09 21:20:05 UTCOpen source
UDRUDR, Inc.Q4 FY2026 · ends 2026-12-31
1 metric1 newearnings preannouncement · 9d
2026-10-21 12:06:12 UTC$0.63 – $0.65new
| FFO | $0.62 | $1.85 | $0.63 to $0.65 | $2.47 to $2.55 | $2.48 to $2.50 | $2.49 (-$0.02) |
UDR · EX-99.1 · Q3 FY2026
2026-10-21 12:05:10 UTCOpen source
UDRUDR, Inc.FY2026 · ends 2026-12-31
3 metrics2 raised1 loweredearnings preannouncement · 9d
2026-10-21 12:06:12 UTC2.7% – 3.1%lowered -10.8%2.7% – 3.1% vs FY2025
| Expense | 2.2% | 3.2% | N/A | 2.75% to 3.75% | 2.7% to 3.1% | 2.9% (-35bps) |
UDR · EX-99.1 · Q3 FY2026
2026-10-21 12:05:10 UTCOpen source
2026-07-29 04:01:53 UTC3.3%maintained3.3% vs FY2025
Moving on to same-store expenses, we improved our full year midpoint by 50 basis points to 3.25%. This was driven by constrained growth across repairs and maintenance, real estate taxes, and insurance.
UDR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-07-27 20:20:23 UTC2.8% – 3.8%lowered -13.3%2.8% – 3.8% vs FY2025
| SS Expense | 2.6% | 3.5% | N/A | 3.00% to 4.50% | 2.75% to 3.75% | 3.25% (-50bps) | | |
UDR · EX-99.1 · Q2 FY2026
2026-07-27 20:19:30 UTCOpen source
2026-04-29 20:18:46 UTC3% – 4.5%maintained3% – 4.5% vs FY2025
SS Expense | 4.4% | N/A | 3.00% to 4.50% | 3.00% to 4.50% | | | 3.75% (unch)
UDR · EX-99.1 · Q1 FY2026
2026-04-29 20:18:07 UTCOpen source
2026-02-11 05:01:37 UTC3.8%maintained3.8% vs FY2025
We expect 2026 same store expense growth of 3.75% at the midpoint.
UDR · transcript · Q4 FY2025
2026-02-11 05:00:00 UTCOpen source
2026-02-09 21:20:48 UTC3% – 4.5%new3% – 4.5% vs FY2025
| SS Expense | 2.0% | N/A | 3.00% to 4.50% | | 3.75% | | 2.6% |
UDR · EX-99.1 · Q4 FY2025
2026-02-09 21:20:05 UTCOpen source
2026-10-21 12:06:12 UTC0.8% – 1.2%raised +60.0%0.8% – 1.2% vs FY2025
| NOI | 1.6% | 0.8% | N/A | 0.00% to 1.25% | 0.8% to 1.2% | 1.0% (+37.5bps) |
UDR · EX-99.1 · Q3 FY2026
2026-10-21 12:05:10 UTCOpen source
2026-07-27 20:20:23 UTC0% – 1.3%raised +400.0%0% – 1.3% vs FY2025
| SS NOI | 1.4% | 0.3% | N/A | (1.00)% to 1.25% | 0.00% to 1.25% | 0.625% (+50bps) | | |
UDR · EX-99.1 · Q2 FY2026
2026-07-27 20:19:30 UTCOpen source
2026-04-29 20:18:46 UTC-1% – 1.3%maintained-1% – 1.3% vs FY2025
SS NOI | (0.8)% | N/A | (1.00)% to 1.25% | (1.00)% to 1.25% | | | 0.125% (unch)
UDR · EX-99.1 · Q1 FY2026
2026-04-29 20:18:07 UTCOpen source
2026-02-11 05:01:37 UTC0.1%maintained0.1% vs FY2025
Primary expectations include full year FFOA per share guidance of $2.47 to $2.57, and same store revenue and growth expectations that translate to point 125% year over year NOI growth at the midpoint.
UDR · transcript · Q4 FY2025
2026-02-11 05:00:00 UTCOpen source
2026-02-09 21:20:48 UTC-1% – 1.3%new-1% – 1.3% vs FY2025
| SS NOI | 1.7% | N/A | (1.00)% to 1.25% | | 0.125% | | 2.3% |
UDR · EX-99.1 · Q4 FY2025
2026-02-09 21:20:05 UTCOpen source
2026-10-21 12:06:12 UTC1.4% – 1.8%raised +16.4%1.4% – 1.8% vs FY2025
| Revenue | 1.8% | 1.6% | N/A | 0.75% to 2.00% | 1.4% to 1.8% | 1.6% (+22.5bps) |
UDR · EX-99.1 · Q3 FY2026
2026-10-21 12:05:10 UTCOpen source
2026-07-29 04:01:53 UTC0.8% – 2%maintained0.8% – 2% vs FY2025
Based on our year-to-date results, we raised our full year 2026 same-store growth guidance in conjunction with yesterday's release. Starting with same-store revenue growth, we raised our midpoint by 12.5 basis points, resulting in a new range of 0.75%-2%.
UDR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-07-27 20:20:23 UTC0.8% – 2%raised +10.0%0.8% – 2% vs FY2025
| SS Revenue | 1.8% | 1.3% | N/A | 0.25% to 2.25% | 0.75% to 2.00% | 1.375% (+12.5bps) | | |
UDR · EX-99.1 · Q2 FY2026
2026-07-27 20:19:30 UTCOpen source
2026-04-29 20:18:46 UTC0.3% – 2.3%maintained0.3% – 2.3% vs FY2025
SS Revenue | 0.9% | N/A | 0.25% to 2.25% | 0.25% to 2.25% | | | 1.25% (unch)
UDR · EX-99.1 · Q1 FY2026
2026-04-29 20:18:07 UTCOpen source
2026-02-11 05:01:37 UTC0.3% – 2.3%maintained0.3% – 2.3% vs FY2025
Rolling this up, our 2026 same store revenue guidance ranges from 0.25% to 2.25% with a midpoint of 1.25%.
UDR · transcript · Q4 FY2025
2026-02-11 05:00:00 UTCOpen source
2026-02-09 21:20:48 UTC0.3% – 2.3%new0.3% – 2.3% vs FY2025
| SS Revenue | 1.8% | N/A | 0.25% to 2.25% | | 1.25% | | 2.4% |
UDR · EX-99.1 · Q4 FY2025
2026-02-09 21:20:05 UTCOpen source
UDRUDR, Inc.H4 FY2026 · ends 2026-12-31
1 metric1 newearnings call · 2026-07-29 04:01:53 UTC
2026-07-29 04:01:53 UTC99% – 99.1%new
As it relates to the back half, our expectation is we're going to hover in that, call it 99% to 99.1% collections, which is consistent and better than we would have expected to start the year, we haven't really adjusted the back half of the year.
UDR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source
UDRUDR, Inc.FY2026 · ends 2026-12-31
1 metric1 loweredearnings call · 2026-07-29 04:01:53 UTC
2026-07-29 04:01:53 UTC$250M – $300Mlowered -8.3%
Included in this outlook is our expectation that the size of our debt and preferred equity portfolio will continue to decline from $380 million at the end of the second quarter to approximately $250 million-$300 million at year-end due to successful repayments, opportunities to gain control of assets, and our disciplined underwriting where other capital uses offer superior risk-adjusted returns and growth.
UDR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-05-01 04:01:09 UTC$300Mnew
Directionally for you, if I was gonna help you out with your modeling here, looking at the DPE balance in the high $300 million range, at the end of the Q1, I'd point you towards $300 million or so at the end of the year.
UDR · transcript · Q1 FY2026
2026-05-01 04:00:00 UTCOpen source
UDRUDR, Inc.Q3 FY2026 · ends 2026-09-30
1 metric1 maintainedearnings call · 2026-07-29 04:01:53 UTC
2026-07-29 04:01:53 UTC$0.63 – $0.65maintained
Looking ahead to the third quarter, our FFOA per share guidance range is $0.63-$0.65.
UDR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-07-27 20:20:23 UTC$0.63 – $0.65new
| FFOA | $0.64 | $1.25 | $0.63 to $0.65 | $2.47 to $2.57 | $2.49 to $2.57 | $2.53 (+$0.01) | | |
UDR · EX-99.1 · Q2 FY2026
2026-07-27 20:19:30 UTCOpen source
UDRUDR, Inc.H4 FY2026 · ends 2026-12-31
3 metrics3 newearnings call · 2026-07-29 04:01:53 UTC
2026-07-29 04:01:53 UTCmid-single digit growthnew4% – 6% vs Q4 FY2025
Beyond blended rent growth, we expect to operate with occupancy in the mid-96% range for the rest of the year and generate mid-single digit growth from innovation income.
UDR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-07-29 04:01:53 UTCmid-96% rangenew
Beyond blended rent growth, we expect to operate with occupancy in the mid-96% range for the rest of the year and generate mid-single digit growth from innovation income.
UDR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-07-29 04:01:53 UTC5% – 7%new5% – 7% vs Q4 FY2025
As it relates to the back half, our expectation is we're going to hover in that, call it 99% to 99.1% collections, which is consistent and better than we would have expected to start the year, we haven't really adjusted the back half of the year. We want to see how this continues to play out. Maybe more specific to other income, we have seen some success here. We've actually seen success for multiple years on this line item, my expectation is we're still going to be driving around, call it 5% to 7% growth across our portfolio, being led by the Sun Belt.
UDR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source
UDRUDR, Inc.Q3 FY2026 · ends 2026-09-30
1 metric1 newearnings call · 2026-07-29 04:01:53 UTC
2026-07-29 04:01:53 UTC4%new
My expectation for the third quarter is we're probably going to see around ±4% moving forward.
UDR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source
UDRUDR, Inc.H4 FY2026 · ends 2026-12-31
1 metric1 maintainedearnings call · 2026-07-29 04:01:53 UTC
2026-07-29 04:01:53 UTC1.5% – 2%maintained1.5% – 2% vs Q4 FY2025
We continue to expect blended lease rate growth for the second half of the year will be between 1.5% and 2%, which means blended lease rate growth does not need to accelerate versus the first half for us to achieve our revenue growth guidance.
UDR · transcript · Q2 FY2026
2026-07-29 04:00:00 UTCOpen source
2026-05-01 04:01:09 UTC1.5% – 2%maintained1.5% – 2% vs Q4 FY2025
As a reminder, our full year 2026 guidance assumes first half blended lease rate growth will be the same as the second half at 1.5%-2%.
UDR · transcript · Q1 FY2026
2026-05-01 04:00:00 UTCOpen source
2026-02-11 05:01:37 UTC1.5% – 2%new1.5% – 2% vs Q4 FY2025
We expect first half blended lease rate growth will be similar to the second half, each at 1.5% to 2%.
UDR · transcript · Q4 FY2025
2026-02-11 05:00:00 UTCOpen source
UDRUDR, Inc.Q3 FY2026 · ends 2026-09-30
2 metrics2 newearnings release · 2026-07-27 20:20:23 UTC
2026-07-27 20:20:23 UTC$0.13 – $0.15new18.2% – 36.4% vs Q3 FY2025
| Net Income | $0.21 | $0.79 | $0.13 to $0.15 | $0.91 to $1.01 | $1.03 to $1.11 | $1.07 (+$0.11) | | |
UDR · EX-99.1 · Q2 FY2026
2026-07-27 20:19:30 UTCOpen source
2026-07-27 20:20:23 UTC$0.63 – $0.65new
| FFO | $0.60 | $1.23 | $0.63 to $0.65 | $2.48 to $2.58 | $2.47 to $2.55 | $2.51 (-$0.02) | | |
UDR · EX-99.1 · Q2 FY2026
2026-07-27 20:19:30 UTCOpen source
UDRUDR, Inc.Q2 FY2026 · ends 2026-06-30
1 metric1 maintainedearnings call · 2026-05-01 04:01:09 UTC
2026-05-01 04:01:09 UTC$0.62 – $0.64maintained
Looking ahead, our Q2 FFOA per share guidance range is $0.62-$0.64.
UDR · transcript · Q1 FY2026
2026-05-01 04:00:00 UTCOpen source
2026-04-29 20:18:46 UTC$0.62 – $0.64new
FFOA per diluted share | $0.62 | $0.62 to $0.64 | $2.47 to $2.57 | $2.47 to $2.57 | | | $2.52 (unch)
UDR · EX-99.1 · Q1 FY2026
2026-04-29 20:18:07 UTCOpen source