The earnings call reflected overall positive sentiment with UDR exceeding key financial expectations, maintaining a strong balance sheet, and being recognized as a top workplace. While there are challenges in Sunbelt markets and some regions like D.C. face pressure on new lease growth, the positive aspects significantly outweigh the negative points.

Company Guidance -

Q3 2025

During UDR's Second Quarter 2025 Earnings Call, CEO Tom Toomey highlighted several key metrics driving the company's strong performance. Same-store revenue and NOI growth both exceeded initial expectations, with same-store revenue growth reaching a midpoint of 2.5% and NOI growth at 2.9%. The company achieved a 2.8% blended lease rate growth, supported by a 5% increase in renewal rates and a 30 basis points rise in new lease rates. Occupancy averaged 96.9%, surpassing historical averages by 30 basis points. The first half of 2025 saw a 10% income growth from rentable items, contributing to the revised full-year guidance. UDR also reported a significant reduction in annualized resident turnover, down by 420 basis points compared to the previous year, which bolstered renewal rate growth. Despite these gains, the company adjusted its full-year blended lease rate growth expectation to approximately 2%, considering typical seasonality patterns. Additionally, UDR raised its full-year FFOA per share guidance, now projected between $2.49 and $2.55, reflecting a 1% improvement over previous guidance.

Exceeding Expectations in Key Metrics

Second quarter year-over-year same-store revenue and NOI growth of 2.5% and 2.9%, respectively, exceeded initial expectations. First half blended lease rate growth of 2% was 20 basis points above the high end of the guidance range.

Strong Financial Position

Investment-grade balance sheet with over $1.1 billion of liquidity. Net debt-to-EBITDAre was 5.5x, and debt to enterprise value was just 28% at quarter end.

Recognition as Top Workplace

UDR was named Top Workplace Winner in the real estate industry for the second consecutive year.

Positive Regional Performance

The East Coast markets, comprising approximately 40% of NOI, exhibited 4.1% year-to-date same-store revenue growth, slightly above the high end of initial full year expectations.

Successful Lease-Up in Philadelphia

The Broadridge property in Philadelphia improved from 83% to 97% leased within 30-45 days of UDR's takeover.

UDR (UDR) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

UDR Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 22, 2025	2025 (Q3)	0.13 / -	0.06	―	―	―
Jul 30, 2025	2025 (Q2)	0.12 / 0.11	0.08	37.50% (+0.03)
Apr 30, 2025	2025 (Q1)	0.15 / 0.23	0.13	76.92% (+0.10)
Feb 05, 2025	2024 (Q4)	0.06 / -0.02	0.1	-120.00% (-0.12)
Oct 30, 2024	2024 (Q3)	0.10 / 0.06	0.1	-40.00% (-0.04)	―
Jul 30, 2024	2024 (Q2)	0.10 / 0.08	1.05	-92.38% (-0.97)	―
Apr 30, 2024	2024 (Q1)	0.10 / 0.13	0.09	44.44% (+0.04)	―
Feb 06, 2024	2023 (Q4)	0.11 / 0.10	0.13	-23.08% (-0.03)
Oct 26, 2023	2023 (Q3)	0.11 / 0.10	0.07	42.86% (+0.03)	―
Jul 26, 2023	2023 (Q2)	0.12 / 1.05	0.01	10400.00% (+1.04)	―

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
Jul 30, 2025	$39.79	$39.29	-1.26%
Apr 30, 2025	$41.44	$42.15	+1.71%
Feb 05, 2025	$41.34	$42.09	+1.81%
Oct 30, 2024	$42.20	$40.88	-3.13%

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) report earnings?

UDR (UDR) is schdueled to report earning on Oct 22, 2025, After Close (Confirmed).

What is UDR (UDR) earnings time?

UDR (UDR) earnings time is at Oct 22, 2025, 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 2025 (Q3) is 0.13.

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