UDR · 8-K · 20261102PR000084

Guidance and Outlook

UDR, Inc. · 2026-11-02 · Importance 77 · Surprise 92 · In source text

UDR raised its 2026 net income per diluted share outlook to $1.58–$1.60, with a midpoint of $1.59, a $0.52 increase from the prior midpoint. FFOA guidance increased to $2.54–$2.56 per diluted share, while FFO guidance was updated to $2.48–$2.50, a $0.02 reduction at the midpoint. Updated full-year same-store growth outlook is 1.4%–1.8% for revenue, 2.7%–3.1% for expenses, and 0.8%–1.2% for NOI. Fourth-quarter outlook is $0.13–$0.15 per diluted share for net income and $0.63–$0.65 for both FFO and FFOA.

Key facts

• UDR raised full-year 2026 net income guidance to $1.58 to $1.60 per diluted share, with a midpoint of $1.59, up $0.52 from prior guidance. source
• UDR established fourth-quarter 2026 guidance of $0.13 to $0.15 net income per diluted share, $0.63 to $0.65 FFO per diluted share, and $0.63 to $0.65 FFOA per diluted share. source
• UDR raised full-year 2026 same-store revenue growth guidance to 1.4% to 1.8%, with a midpoint of 1.6%, 22.5 basis points above prior guidance. source
• UDR updated full-year 2026 same-store expense growth guidance to 2.7% to 3.1%, with a midpoint of 2.9%, 35 basis points below prior guidance. source
• UDR raised full-year 2026 same-store NOI growth guidance to 0.8% to 1.2%, with a midpoint of 1.0%, 37.5 basis points above prior guidance. source
• Including the 19 Apollo joint-venture communities, UDR’s full-year guidance midpoints for same-store revenue, expense, and NOI growth would be 1.45%, 2.9%, and 0.75%, respectively. source
• UDR updated full-year 2026 FFO guidance to $2.48 to $2.50 per diluted share, with a midpoint of $2.49, down $0.02 from prior guidance. source
• UDR raised full-year 2026 FFOA guidance to $2.54 to $2.56 per diluted share, with a midpoint of $2.55, up $0.02 from prior guidance. source

Impact estimates