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UDR (UDR) (UDR)
NYSE:UDR
Earnings Data
Report Date
Apr 28, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.11Last Year’s EPS
0.23Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a balanced picture: strong operational execution (occupancy, retention, lease momentum, innovation driving other income), a solid balance sheet and active capital allocation (repurchases, JV activity, selective acquisitions) are clear positives. Offsetting these are modest 2026 financial guidance (near‑flat FFOA and minimal NOI growth), elevated expense normalization (taxes, Wi‑Fi rollout), regulatory/legal uncertainties in select markets, and a plan to be a net seller constrained by tax capacity. Given meaningful operational wins but tempered near‑term financial outlook and identifiable risks, the tone is cautiously constructive but measured.Company Guidance
FFOA Results and Guidance
Reported fourth quarter FFOA per share of $0.64 and full year 2025 FFOA per share of $2.54 (met prior guidance midpoints). 2026 FFOA per share guidance of $2.47–$2.57 (midpoint $2.52) implies <1% year‑over‑year decline at midpoint versus 2025 after excluding two non‑recurring pennies in 2025.
Same‑Store Outperformance and NOI
Full year 2025 same‑store revenue met guidance while same‑store expense and NOI growth exceeded initial guidance; fourth quarter same‑store NOI beat expectations and company generated the second highest year‑over‑year same‑store NOI growth among its peer group in 2025.
Strong Operating Momentum — Occupancy and Lease Trends
Occupancy strengthened into the high‑96% range (nearly 97% in late 2025). Blended lease rate growth accelerated from an October low (blended -3%) to positive ~1% by January; new lease growth improved ~550 bps, renewals improved ~300 bps, and blended rents improved ~400 bps sequentially. 2026 blended lease rate growth forecast of 1.5%–2.0% (≈100 bps improvement vs. 2025).
Customer Experience and Retention Gains
Customer experience initiatives drove ~1,000 basis points improvement in resident retention vs. historical levels, resulting in approximately $35 million of higher annualized cash flow and materially lower turnover (from ~51% to ~38.5% in 2025).
Innovation and Other Income Contributions
Other income innovation expected to add ~45 bps to 2026 same‑store revenue (~$10 million, ~5% YoY growth for that line). Property‑wide Wi‑Fi expected to contribute ~1% (~$2M) and other initiatives (parking, package lockers, optimized storage, pet rent collections) expected to drive mid‑single to high‑single digit growth in other income.
Capital Allocation and Share Repurchases
Repurchased nearly $120 million of common stock during 2025 (including ~$93 million funded by JV proceeds at a weighted average price of $35.56, described as a sizable discount to NAV). Company cites 1 penny per share accretion in 2026 from 2025 repurchases.
Balance Sheet and Liquidity
Nearly $1.0 billion of liquidity at 2025 year‑end, minimal committed capital, strong free cash flow, and only 12% of consolidated debt maturing through 2027, positioning the balance sheet well to fund 2026 needs.
Strategic Acquisitions and JV Activity
Acquired The Enclave at Potomac Club (406‑unit community) for $147 million; early operations outperforming market. Expanded LaSalle JV by ~$230 million (venture size ~$850 million), generating >$200 million of proceeds used for debt repayment and buybacks.
UDR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
UDR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 09, 2026 | $37.75 | $39.38 | +4.32% |
Oct 29, 2025 | $33.17 | $33.24 | +0.21% |
Jul 30, 2025 | $38.86 | $38.37 | -1.26% |
Apr 30, 2025 | $40.47 | $41.16 | +1.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does UDR (UDR) (UDR) report earnings?
UDR (UDR) (UDR) is schdueled to report earning on Apr 28, 2026, After Close (Confirmed).
What is UDR (UDR) (UDR) earnings time?
UDR (UDR) (UDR) earnings time is at Apr 28, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UDR EPS forecast?
UDR EPS forecast for the fiscal quarter 2026 (Q1) is 0.11.