UDR (UDR)
NYSE:UDR
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Earnings Data
Report Date
Aug 04, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.13Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a constructive operational and capital allocation story: strong occupancy, elevated resident retention and renewal growth, concrete capital market actions (dispositions, DPE repayments, share repurchases), liquidity in excess of $1 billion, and positive market outperformance in coastal metros (notably San Francisco and New York). Near-term headwinds include elevated weather-driven expenses, a modest sequential FFOA decline versus prior year, and softening in parts of the Sunbelt, together with regulatory uncertainty in select markets. On balance, management presented multiple offsetting positives and a clear plan to deploy capital accretively.Company Guidance
Strong Occupancy and Resident Retention
Portfolio started the year with ~97% occupancy; Q1 occupancy in the mid-96% range. Resident retention at an all-time high and 300 basis points higher year-over-year; reported turnover of ~29% (substantially below historical averages).
Same-Store Revenue and Blended Lease Rate Growth
Year-over-year same-store revenue growth of +90 basis points. Blended lease rate growth of 1.6% in Q1 and management expects 1.5%–2.0% blended growth in H1; company notes each 1% of blended growth is roughly $7 million of annual NOI benefit.
Strong Renewal Performance
Renewal rate growth of 5.2% in Q1 — up 70 basis points versus the prior year and nearly double 2025 renewal growth, contributing to higher cash flow and lower turnover-driven expense.
Outperformance in Key Coastal Markets
San Francisco: blended lease rate growth ~10% with occupancy in the high-97% range. New York: blended lease rate growth ~7% with occupancy above 98%. Coastal regions posted ~3.1% blends in April (vs. 2.8% in Q1).
Disciplined Capital Allocation and Share Repurchases
Sold four communities for $362 million; repurchased $150 million of stock in the quarter and $268 million since September. Received ~$139 million from DPE repayments. Management emphasizes selling at attractive private prices and buying back shares as accretive.
Development and Strategic Acquisitions Progressing
Ground-up development (3099 Iowa, Riverside) is ahead of schedule and under budget with initial occupancy expected in 2026 (vs. prior 2027). Gained control of a 232-unit Portland community via DPE with expected stabilized yields in the high-5% range and an initial effective yield around 5%.
Enhanced Liquidity and Financial Position
Investment-grade balance sheet with more than $1 billion of liquidity; Q1 FFOA per share of $0.62 (midpoint of guidance) and Q2 FFOA guidance of $0.62–$0.64 (midpoint ~$0.63, ~2% sequential increase expected).
Monthly Dividend Initiative and Shareholder Outreach
Announced transition to a monthly dividend (first residential REIT to do so) to attract high net worth, family office and retail investors. Company highlighted 53 straight years of dividends totaling nearly $9 billion as supporting credibility.
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 |
|---|---|---|---|
Apr 29, 2026 | $36.16 | $36.34 | +0.50% |
Feb 09, 2026 | $37.28 | $38.89 | +4.32% |
Oct 29, 2025 | $32.76 | $32.83 | +0.21% |
Jul 30, 2025 | $38.38 | $37.90 | -1.26% |
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 Aug 04, 2026, After Close (Confirmed).
What is UDR (UDR) earnings time?
UDR (UDR) earnings time is at Aug 04, 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 (Q2) is 0.13.