Financial Performance - Net Income per diluted share was $0.12 in 3Q 2025, a 100% increase compared to $0.06 in 3Q 2024[8] - FFO per diluted share was $0.62 in 3Q 2025, a 3% increase compared to $0.60 in 3Q 2024[8] - FFOA per diluted share was $0.65 in 3Q 2025, a 5% increase compared to $0.62 in 3Q 2024[8] - The company raised its full-year 2025 guidance for Net Income and FFOA per diluted share by $0.02 to a midpoint of $0.58 and $2.54, respectively[11] - Total revenue increased by $11.7 million YOY, or 2.8%, to $431.9 million in 3Q 2025[12] Same-Store Results - Same-Store revenue grew by 2.6% YOY in 3Q 2025[9] - Same-Store expense increased by 3.1% YOY in 3Q 2025[9] - Same-Store NOI grew by 2.3% YOY in 3Q 2025[9] - Physical occupancy for Same-Store communities was 96.6% in 3Q 2025, a 0.3% increase YOY[16] - The company updated its full-year 2025 Same-Store revenue growth guidance to 2.20% to 2.60%, a 0.10% decrease from the prior midpoint[11] Capital Activities - The company repurchased approximately 651 thousand shares of its common stock for $25.0 million during 3Q 2025 and an additional 277 thousand shares for $10.0 million subsequent to quarter-end[9] - The company extended the maturity date of its $350.0 million senior unsecured term loan from January 31, 2027, to January 31, 2029[9] - Total indebtedness as of September 30, 2025, was $5.8 billion, with $485.9 million, or 8.9%, maturing through 2026[24]

Core Insights - UDR reported revenue of $429.29 million for Q3 2025, a year-over-year increase of 2.2%, with an EPS of $0.65 compared to $0.08 a year ago [1] - The revenue fell slightly short of the Zacks Consensus Estimate of $429.73 million, resulting in a surprise of -0.1%, while the EPS exceeded expectations by 3.17% [1] - UDR's stock has returned -6% over the past month, underperforming the Zacks S&P 500 composite, which increased by 3.8% [3] Financial Performance Metrics - Weighted Average Physical Occupancy was reported at 96.6%, slightly below the four-analyst average estimate of 96.7% [4] - Revenue from joint venture management and other fees was $2.57 million, exceeding the average estimate of $2.32 million, representing a year-over-year increase of 24% [4] - Rental income was reported at $429.29 million, compared to the estimated $430.04 million, reflecting a year-over-year increase of 2.7% [4] - Net Earnings Per Share (Diluted) was $0.12, slightly above the average estimate of $0.11 [4]

Core Insights - UDR reported quarterly funds from operations (FFO) of $0.65 per share, exceeding the Zacks Consensus Estimate of $0.63 per share, and up from $0.62 per share a year ago, representing an FFO surprise of +3.17% [1] - The company posted revenues of $429.29 million for the quarter ended September 2025, slightly missing the Zacks Consensus Estimate by 0.1%, but up from $420.16 million year-over-year [2] - UDR shares have underperformed the market, losing about 19.3% since the beginning of the year compared to the S&P 500's gain of 17.2% [3] Financial Performance - Over the last four quarters, UDR has surpassed consensus FFO estimates two times and topped consensus revenue estimates just once [2] - The current consensus FFO estimate for the coming quarter is $0.64 on revenues of $431.72 million, and for the current fiscal year, it is $2.51 on revenues of $1.7 billion [7] Market Outlook - The sustainability of UDR's stock price movement will depend on management's commentary during the earnings call and future FFO expectations [3][4] - The Zacks Industry Rank indicates that the REIT and Equity Trust - Residential sector is currently in the bottom 41% of over 250 Zacks industries, which may impact UDR's performance [8]

Financial Performance - Net income attributable to UDR, Inc. for Q3 2025 was $40,409,000, an increase from $22,597,000 in Q3 2024, representing an 79% year-over-year growth[4] - Funds from Operations (FFO) per diluted share for Q3 2025 was $0.62, compared to $0.60 in Q3 2024, reflecting a 3.3% increase[7] - Total revenues for Q3 2025 reached $431,864,000, up from $420,160,000 in Q3 2024, marking a 4% increase[4] - The company reported a year-to-date net income of $154,802,000 for 2025, compared to $94,629,000 for the same period in 2024, indicating a 63% increase[4] - Total revenues for the year-to-date (YTD) 2025 reached $1,223,180,000, reflecting a 2.6% increase compared to $1,192,680,000 in YTD 2024[55] - Net operating income (NOI) for YTD 2025 was $837,725,000, up 2.5% from $817,334,000 in YTD 2024[55] Revenue and Occupancy - Same-store revenue growth for Q3 2025 was 2.6%, with a full-year guidance of 2.20% to 2.60%[2] - Physical occupancy rate stood at 96.6% for Q3 2025, slightly down from 96.9% in Q3 2024[2] - Same-store communities generated revenues of $414,657,000 for the quarter, reflecting a year-over-year increase from $404,241,000[26] - Total net operating income for the quarter was $292,135,000, up from $281,399,000 in the same quarter last year[26] - The average physical occupancy rate across all regions was 96.6%, showing a 0.3% increase from the previous year[41] - Total physical occupancy across all regions was reported at 96.2% for Q3 2025[63] Debt and Equity - Consolidated debt as a percentage of total assets decreased to 32.6% in Q3 2025 from 32.9% in Q3 2024[2] - Total liabilities increased slightly to $6,450,484 from $6,436,691, reflecting a marginal rise of 0.2%[10] - Total stockholders' equity decreased to $3,274,966, down from $3,443,205, indicating a decline of approximately 4.9%[10] - Total debt stood at $5,849,396 with a weighted average interest rate of 3.35%[15] - The company has a $1.3 billion line of credit with no borrowings outstanding as of September 30, 2025[19] Capital Expenditures and Investments - The company plans to issue up to a maximum aggregate amount of $700 million under its unsecured commercial paper program[17] - The company recorded a total investment of $72.55 million in stabilized communities with a weighted average return rate of 10.8%[72] - The company expects FFO per common share and unit for Q4 2025 to be in the range of $0.63 to $0.65, and for the full year 2025, it is projected to be $2.44 to $2.46[79] - Capital expenditures for recurring, NOI enhancing, and redevelopment are expected to be between $235 million and $245 million for the full year 2025[79] Operational Efficiency - The company’s physical occupancy rate is a key metric, defined as the number of occupied homes divided by the total homes available at a community, reflecting operational efficiency[110] - The company emphasizes that FFO is a useful metric for evaluating property acquisitions and operating performance, providing a consistent comparison across time periods[101] - Year-over-year same-store operating expenses increased by 3.1% to $131,824,000, driven by higher personnel and utility costs[29] Regional Performance - The West Region contributed 31.4% of the same-store net operating income, with Orange County, CA leading at 10.9%[37] - The Northeast Region accounted for 19.5% of the same-store net operating income, with Boston, MA at 11.6%[37] - The Southeast Region's same-store net operating income was 13.2%, with Tampa, FL contributing 5.6%[37] - The Southwest Region's same-store net operating income was 10.3%, with Dallas, TX at 8.3%[37] Future Outlook - The company anticipates adding 893 homes to the same-store portfolio by the end of 2026[36] - The company continues to focus on market expansion and enhancing operational efficiency to drive future growth[45]

Core Insights - UDR, Inc. reported its third quarter 2025 results, showing significant growth in net income and funds from operations compared to the previous year [1]. Financial Performance - Net Income per diluted share for Q3 2025 was $0.12, exceeding the guidance of $0.11 to $0.13 and showing a 100% increase from $0.06 in Q3 2024 [1]. - Funds from Operations (FFO) per diluted share for Q3 2025 was not fully detailed in the provided text, but it is a key metric for assessing the company's performance [1].

Core Insights - UDR Inc. is expected to announce its third-quarter 2025 results on October 29, with anticipated growth in revenues and funds from operations (FFO) per share [1] Company Performance - In the last reported quarter, UDR achieved an adjusted FFO per share of 64 cents, exceeding the Zacks Consensus Estimate of 62 cents, driven by year-over-year growth in same-store net operating income (NOI) due to a higher effective blended lease rate [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 0.81% [3] Market Conditions - The U.S. apartment market experienced a slowdown in Q3 2025, with effective asking rents declining by 0.3% from July to September, marking the first rent cut during this period since 2009 [4] - Approximately 637,000 market-rate apartments were absorbed in the year ending Q3 2025, a decrease from nearly 784,900 units absorbed in the previous quarter, attributed to sluggish new lease activity amid weaker job growth and cautious consumer behavior [5] - Nationally, about 474,800 units were completed over the past year, with 105,500 units completed in Q3, leading to increased competition among landlords and a slight drop in occupancy rates to 95.4% [6] Rental Trends - To attract renters, 22% of properties offered discounts averaging 6.2%, indicating a shift towards prioritizing occupancy over pricing power [7] - Rent declines varied by region, with significant drops in markets that experienced aggressive construction, while areas with lighter construction, such as the Midwest and Northeast, fared better [8] Projections for UDR - UDR's third-quarter results are expected to benefit from its diverse portfolio of A/B quality properties, with projected rental income growth of 2.3% year-over-year and same-property NOI expected to increase by 4.3% [9][10] - The Zacks Consensus Estimate for UDR's quarterly revenues is $430.08 million, reflecting a 2.36% year-over-year rise, with FFO per share expected to be in the range of 62-64 cents [13] - The consensus estimate for FFO as adjusted per share has remained unchanged at 63 cents over the past three months, indicating a 1.61% year-over-year increase [14] Earnings Prediction - UDR has a positive Earnings ESP of +0.41% and a Zacks Rank of 3, suggesting a potential surprise in FFO per share for the upcoming quarter [15]

分组1 - The S&P 500 index currently has a low yield of approximately 1.2%, making reliable dividend stocks more attractive for investors seeking better returns [2] - Realty Income is the largest net lease REIT, boasting over 15,600 properties and a market cap over three times larger than its closest competitor, with a dividend yield of 5.4% and a 30-year history of annual dividend increases [3][4] - Prologis, a leading industrial REIT with a market cap exceeding $100 billion, offers a dividend yield of around 3.5% and has seen its dividend grow by over 150% in the past decade, indicating significant growth potential [6][7] 分组2 - Realty Income's business model is characterized by a net lease approach, where tenants cover most property expenses, allowing the company to focus on collecting rent with minimal operational hassle [4] - Prologis is positioned for long-term growth, leveraging its size and market presence to capitalize on opportunities within the industrial asset class [6][7] - UDR has recently repositioned its apartment portfolio and is now set for long-term growth, although specific details on its current performance were not provided [7]

estate investment trust, today announced the publication of the Company's seventh annual Corporate Responsibility Report and a related Investor Presentation, which can be accessed on the Company's investor relations website at ir.udr.com and on its updated Corporate Responsibility website at https://www.udr.com/esg/. The report and presentation summarize the Company's achievements in calendar year 2024 an. DENVER--(BUSINESS WIRE)--UDR, Inc. (the "Company†) (NYSE: UDR), a leading multifamily real ...

Core Insights - The U.S. apartment market has experienced a slowdown, with effective asking rents declining by 0.3% in Q3 2025, marking the first decline in this period since 2009 [1][10] - The overall economic cooling is reflected in the rental market, with a year-over-year rent decrease of 0.1% [1][10] Market Demand and Supply - Approximately 637,000 market-rate apartments were absorbed in the year-ending Q3 2025, a decrease from nearly 784,900 units absorbed in the previous quarter [3] - Construction of around 474,800 units was completed over the past year, with 105,500 units completed in Q3 alone, indicating a high supply level [4] - Occupancy rates fell to 95.4%, down 30 basis points, ending five consecutive quarters of gains [4][10] Rental Concessions and Tenant Behavior - To attract renters, 22% of properties offered discounts averaging 6.2%, indicating a shift towards prioritizing occupancy over pricing power [5] - Resident retention rates increased as renters opted to stay put amid economic uncertainty [5][8] Regional Performance Variations - Regions with aggressive construction during the boom, particularly in the South and West, are experiencing significant rent declines, with rents dropping nearly 8% in Denver and Austin [6] - Conversely, markets with lighter construction pipelines, such as the Midwest and Northeast, have fared better, with tech-heavy coastal cities like San Francisco and New York seeing modest rent growth [7] Outlook for Residential REITs - Residential REITs like AvalonBay Communities, Equity Residential, Essex Property Trust, and UDR are expected to report modest revenue and FFO growth in Q3 2025 despite the broader market slowdown [2][10] - AvalonBay anticipates a 5.15% year-over-year increase in revenues, with a core FFO per share growth of 2.55% [13] - Equity Residential expects same-store revenue growth of 2.6% to 3.2% for the full year, with a quarterly revenue estimate of $781.41 million, indicating a 4.42% year-over-year increase [15][16] - Essex Property Trust projects a 5.51% year-over-year rise in revenues, with same-property revenue growth remaining in line with expectations [19] - UDR forecasts a 2.37% year-over-year rise in revenues, supported by a well-diversified portfolio and technology-driven operational efficiencies [21][22]

DENVER--(BUSINESS WIRE)--UDR, Inc. (the "Company†) (NYSE: UDR), a leading multifamily real estate investment trust, announced today that it will release its third quarter 2025 financial results on Wednesday, October 29, 2025, after the market closes. A webcast and conference call that will be open to the public will be held on Thursday, October 30, 2025, at 12:00 p.m. Eastern Time. During the webcast and conference call, company officers will review third quarter 2025 results, discuss recent ev. ...