Core Insights - UDR reported revenue of $428.83 million for the quarter ended December 2025, reflecting a 2% increase year-over-year, but slightly below the Zacks Consensus Estimate of $429.5 million, resulting in a surprise of -0.16% [1] - The company achieved an EPS of $0.64, a significant improvement from -$0.02 in the same quarter last year, with a surprise of +0.02% compared to the consensus estimate [1] Financial Performance Metrics - Weighted Average Physical Occupancy stood at 96.8%, matching the four-analyst average estimate [4] - Revenue from joint venture management and other fees was reported at $4.28 million, exceeding the average estimate of $2.5 million by five analysts, representing a year-over-year increase of 87.1% [4] - Rental income was reported at $428.83 million, slightly below the five-analyst average estimate of $429.08 million, with a year-over-year change of +2% [4] - Net Earnings Per Share (Diluted) was $0.67, significantly higher than the average estimate of $0.11 based on four analysts [4] Stock Performance - UDR shares have returned +2% over the past month, outperforming the Zacks S&P 500 composite, which experienced a -0.2% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]

分组1 - UDR reported quarterly funds from operations (FFO) of $0.64 per share, matching the Zacks Consensus Estimate, and showing a year-over-year increase from $0.63 per share [1] - The company posted revenues of $428.83 million for the quarter ended December 2025, which was a slight miss against the Zacks Consensus Estimate by 0.16%, compared to $420.44 million in the same quarter last year [2] - UDR has surpassed consensus FFO estimates two times over the last four quarters, while it has only topped consensus revenue estimates once in the same period [2] 分组2 - The stock has gained approximately 2.4% since the beginning of the year, outperforming the S&P 500's gain of 1.3% [3] - The current consensus FFO estimate for the upcoming quarter is $0.63, with projected revenues of $430.54 million, and for the current fiscal year, the estimate is $2.56 on revenues of $1.75 billion [7] - The Zacks Industry Rank for REIT and Equity Trust - Residential is currently in the bottom 36% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

Financial Performance - Net income attributable to UDR, Inc. for Q4 2025 was $222,902,000, compared to a net loss of $5,044,000 in Q4 2024[2] - Funds from Operations (FFO) per diluted share for Q4 2025 was $0.62, an increase from $0.48 in Q4 2024[10] - Total revenues for Q4 2025 reached $433,106,000, up from $422,728,000 in Q4 2024, representing a year-over-year growth of 2.0%[8] - Same-store revenue growth for Q4 2025 was 1.8%, with expense growth at 2.0%, leading to a Net Operating Income (NOI) growth of 1.7%[2] - The company declared a dividend of $0.43 per share for Q4 2025, compared to $0.425 in Q4 2024[10] - Total revenues for the year-to-date (YTD) 2025 reached $1,610.7 million, reflecting a 2.4% increase compared to $1,573.5 million in YTD 2024[60] - Net operating income (NOI) for YTD 2025 was $1,104.2 million, up 2.3% from $1,079.9 million in YTD 2024[60] Occupancy and Assets - The physical occupancy rate remained stable at 96.9% for Q4 2025[2] - The weighted average physical occupancy for same-store communities was 96.9% in Q4 2025, slightly up from 96.7% in Q3 2025[30] - The same-store physical occupancy rate for the total portfolio was 96.9% in YTD 2025, an increase of 0.2% from YTD 2024[56] - UDR, Inc. completed a total of 60,641 homes across 187 communities by the end of Q4 2025[6] - The company has 300 homes under development, with a total of 60,941 homes and communities at the quarter-end[35] - The average number of homes owned at the end of 2025 was 55,200[82] Debt and Liabilities - The consolidated debt as a percentage of total assets was 32.4% for Q4 2025, slightly down from 32.7% in Q4 2024[2] - Total liabilities increased slightly from $6,436,691,000 in 2024 to $6,456,911,000 in 2025, an increase of approximately 0.31%[13] - Unsecured debt rose from $4,687,634,000 in 2024 to $4,860,189,000 in 2025, marking an increase of about 3.68%[13] - Total debt amounted to $5,835,855,000, with 88.5% being fixed rate and 11.5% floating rate[19] - The company has a total of $964,475,000 in secured debt, which is 16.5% of total debt[19] - The company maintained a maximum leverage ratio of 31.5%, well below the required 60.0%[26] Revenue and Expenses - Total operating expenses for the quarter were $132,993, with same-store operating expenses at $126,910, reflecting a 2.0% year-over-year increase[30] - The company reported a total revenue of $424,020 for the quarter, with same-store communities contributing $407,967[30] - Total revenues for the same-store segment increased by 1.8% to $407.967 million in Q4 2025 compared to Q4 2024[48] - The company reported a 4.8% increase in expenses for the same-store segment, totaling $126.910 million in Q4 2025 compared to $124.435 million in Q4 2024[48] Guidance and Future Outlook - UDR, Inc. provided guidance for Q1 2026 with an expected FFO per share range of $0.61 to $0.63 and a full-year 2026 range of $2.47 to $2.57[2] - Full-Year 2026 guidance for FFO per common share and unit is projected to be between $2.47 and $2.57[86] - Full-Year 2026 guidance for same-store revenue growth is estimated to be between 0.25% and 2.25%[86] - The company plans to dispose of assets valued between $300 million and $600 million in Full-Year 2026[86] - The company plans to focus on market expansion and new product development to enhance future growth prospects[56] Regional Performance - The West Region contributed 32.0% of the same-store portfolio, with Orange County, CA, generating a revenue per occupied home of $3,210, a 3.1% increase from the previous year[41] - The Northeast Region accounted for 19.8% of the same-store portfolio, with Boston, MA, achieving a revenue per occupied home of $3,359, reflecting a 2.1% year-over-year growth[45] - The Mid-Atlantic Region's total revenue per occupied home was $2,407, with Metropolitan DC contributing 16.3% to the same-store portfolio[41] - The Southeast Region's total revenue per occupied home was $1,962, with Tampa, FL, showing a slight decline of 0.3% compared to the previous year[45] - The Southwest Region reported a total revenue per occupied home of $1,756, with Dallas, TX, experiencing a 1.5% decrease year-over-year[45] Risks and Challenges - The company acknowledges that forward-looking statements involve estimates and projections that are subject to risks and uncertainties[128] - Factors affecting actual results include general market conditions, occupancy levels, and rental rates[128] - The impact of inflation and capital market stability is highlighted as a significant risk[128] - Competition and pricing pressures are noted as potential challenges for future performance[128] - Development and construction risks may impact profitability and expected outcomes[128] - Joint ventures and investment performance are subject to risks that may not meet expectations[128]

Core Insights - UDR, Inc. reported strong financial results for Q4 and full-year 2025, with FFOA per share and Same-Store growth exceeding expectations [1][2] - The company established guidance ranges for 2026 and announced a dividend increase, reflecting confidence in future performance [1][2] Financial Performance - Q4 2025 net income per diluted share was $0.67, exceeding guidance of $0.13 to $0.15 and up from $0.69 in Q4 2024 [1] - Full-year 2025 net income per diluted share reached $1.13, a significant increase of 335% from $0.26 in 2024 [1] - FFO per diluted share for Q4 2025 was $0.62, slightly below the guidance of $0.63 to $0.65, but up 29% from $0.48 in Q4 2024 [1] - Full-year 2025 FFO per diluted share was $2.43, a 6% increase from $2.29 in 2024 [1] Same-Store Results - Q4 2025 Same-Store revenue growth was 1.8% year-over-year, while expenses increased by 2.0%, resulting in a 1.7% growth in Net Operating Income (NOI) [1] - For the full year 2025, Same-Store revenue growth was 2.4%, with expenses rising by 2.6%, leading to a 2.3% increase in NOI [1] Operational Highlights - The company repurchased approximately 2.6 million shares at an average price of $35.56, totaling about $92.8 million [1] - UDR completed the acquisition of The Enclave at Potomac Club for approximately $147.7 million and expanded its joint venture with LaSalle Investment Management by $231.6 million [1][2] Guidance and Outlook - For Q1 2026, UDR expects net income per diluted share between $0.11 to $0.13 and FFO per diluted share between $0.61 to $0.63 [1] - Full-year 2026 guidance includes net income per diluted share of $0.45 to $0.55 and FFO per diluted share of $2.47 to $2.57 [1] Dividend Information - The board declared a quarterly dividend of $0.43 per share for Q4 2025, a 1.2% increase from the same period in 2024 [2] - The annualized dividend for 2026 is set at $1.74, also reflecting a 1.2% increase over 2025 [2] Corporate Governance - UDR appointed Richard B. Clark and Ellen M. Goitia to its Board of Directors, enhancing the board's expertise in real estate investment and corporate governance [2]

Core Viewpoint - UDR, Inc. has underperformed the broader market due to sector-specific challenges and slowing rental demand, despite a strong earnings surprise history and a moderate buy consensus from analysts [2][4][5]. Company Overview - UDR, Inc. is a publicly traded apartment real estate investment trust (REIT) based in Highlands Ranch, Colorado, focusing on high-demand multifamily communities across major U.S. metropolitan markets [1]. - The company has a market capitalization of $12.4 billion and derives most of its revenue from rental income [1]. Stock Performance - Over the past year, UDR's stock has declined by 12.1%, while the S&P 500 Index has increased by nearly 12.2% [2]. - Year-to-date, UDR's stock is up 1.2%, contrasting with a slight decline in the S&P 500 [2]. Competitive Analysis - UDR has also lagged behind the Residential REIT ETF (HAUS), which has seen a 5% decline over the past year [3]. - The ETF's year-to-date performance has been better than UDR's, indicating competitive pressures in the market [3]. Revenue and Growth Expectations - For FY2025, analysts project UDR's FFO per share to grow by 2.4% to $2.54 on a diluted basis [5]. - The company has consistently beaten or matched consensus earnings estimates in the last four quarters [5]. Analyst Ratings - Among 23 analysts covering UDR, the consensus rating is a "Moderate Buy," consisting of eight "Strong Buy" ratings, 13 "Holds," and two "Strong Sells" [5]. - Recent analysis from Goldman Sachs maintained a "Sell" rating but raised the price target from $33 to $37.50, reflecting a 13.64% increase in valuation expectations [6].

Core Viewpoint - UDR Inc. is expected to report growth in revenues and funds from operations (FFO) per share for the fourth quarter and full year of 2025, with results to be announced on February 9 [1][8]. Company Performance - In the last reported quarter, UDR achieved an FFO as adjusted per share of 65 cents, exceeding the Zacks Consensus Estimate of 63 cents, reflecting year-over-year growth in same-store net operating income (NOI) [2]. - Over the past four quarters, UDR's FFO as adjusted per share met or surpassed the Zacks Consensus Estimate on four occasions, with an average surprise of 1.60% [2]. Market Conditions - The US apartment market showed signs of softening in Q4 2025, with net move-outs of approximately 40,400 units, marking the first seasonal pullback in three years [3]. - A total of about 409,500 units were delivered in 2025, contributing to elevated competition and a decline in occupancy to 94.8% [4]. - Effective asking rents decreased by 1.7% quarter-over-quarter and 0.6% year-over-year, with over 23% of units offering incentives averaging 7% [4]. Strategic Positioning - UDR's diverse portfolio of A/B quality properties in urban and suburban markets is expected to support steady operating cash flows and limit volatility [6]. - The company aligns lease expirations with peak leasing months to capture stronger rent growth, with about 60% of leasing occurring when blended lease rate growth outpaces peers [7]. - UDR is leveraging technological initiatives to enhance operational resiliency and optimize its portfolio for cash flow growth [9]. Projections - Occupancy is projected to remain elevated at 96.8%, with rental income expected to grow by 1.6% year-over-year for Q4 [11]. - The Zacks Consensus Estimate for quarterly revenues is $429.50 million, indicating a 2.15% year-over-year rise [11]. - For the full year, UDR expects FFO as adjusted per share in the range of $2.53-$2.55, with projected growth rates for same-store revenues between 2.20% and 2.60% [13].

Wall Street analysts forecast that UDR (UDR) will report quarterly earnings of $0.64 per share in its upcoming release, pointing to a year-over-year increase of 1.6%. It is anticipated that revenues will amount to $429.5 million, exhibiting an increase of 2.2% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections dur ...

About UDR, Inc. DENVER--(BUSINESS WIRE)--UDR, Inc. (the "Company†) (NYSE: UDR), a leading multifamily real estate investment trust, announced today that it will release its fourth quarter and full-year 2025 financial results on Monday, February 9, 2026, after the market closes. A webcast and conference call that will be open to the public will be held on Tuesday, February 10, 2026, at 12:00 p.m. Eastern Time. Domestic: 1-877-423-9813 International: 1-201-689-8573 To access a playback of the conference cal ...

Core Viewpoint - UDR, Inc. has announced the tax status of its 2025 distributions to shareholders, detailing the nature of cash distributions per share and the corresponding IRS Form 1099-DIV box numbers [1][2]. Distribution Summary - For common shares, the total distribution per share for 2025 is $1.715000, with $1.424431 classified as total qualified ordinary dividends [1]. - The preferred shares (Series E) have a total distribution per share of $1.857000, with $1.542371 classified as total qualified ordinary dividends [1]. - The distributions include various components such as capital gains and unrecaptured section 1250 gains, with specific amounts detailed for each payment date [1][2]. Tax Reporting - Shareholders will receive IRS Form 1099-DIV from EQ Shareowner Services, which will report the distributions and their classifications [2]. - The company advises shareholders to consult their tax advisors regarding the federal, state, and local income tax implications of these distributions [3]. Company Overview - UDR, Inc. is a leading multifamily real estate investment trust, managing, buying, selling, developing, and redeveloping real estate properties in targeted U.S. markets [5]. - As of September 30, 2025, UDR owned or had an ownership position in 60,535 apartment homes, including 300 under development [5]. - The company has a history of delivering superior and dependable returns to shareholders over its 53 years of operation [5].

Group 1 - LaSalle Investment Management focuses on partnering with experienced operators for value-add investments in U.S. housing markets, targeting well-located multifamily assets for operational improvements and long-term value creation [3][4] - In July 2023, LaSalle and UDR formed a joint venture worth $510 million to acquire high-quality communities with operational upside, which expanded to $850 million by December 2025 [5] - UDR will maintain 51% ownership of the contributed apartment communities and will leverage the joint venture's total debt to approximately 33% [6] Group 2 - UDR is set to receive around $200 million in cash from the joint venture transaction, which will be allocated for share repurchases, debt repayment, and general corporate purposes [7] - LaSalle completed a $250 million co-investment with Cortland Enhanced Value Fund VI into a portfolio of 19 multifamily properties acquired for $1.6 billion, supporting value-add repositioning [8] - The investment represents 34% of the equity in a nearly 6,000-unit portfolio located in metro Atlanta, Washington, D.C., and Northern Virginia, with Cortland managing the properties [8]