Leadership Change ConcernsUDR surprisingly announced the resignation of Joe Fisher, President & CIO, who many believed was the CEO-in-waiting.
Lease Growth DecelerationBlended lease growth decelerated to +0.8% in 3Q25, below expectations, driven by weaker new lease trends at -2.6%.
Sector Performance DeclineUDR had the largest sequential decline (-290 bps) in the residential sector so far, largely driven by UDR's Mid-Atlantic and Texas portfolios.