UDR · 10-Q · 2026Q3 · Full report

Other Operating Expense Increase

UDR, Inc. · 2026-11-03 · Importance 60 · Surprise 74 · From source text

Other operating expenses increased to $10.0 million in the third quarter of 2026 from $7.0 million in 2025, a rise of about 44%. For the first nine months, expenses increased to $32.4 million from $22.8 million, a rise of about 42%. UDR attributed the increases primarily to higher legal fees in cases alleging antitrust violations by RealPage, Inc. The nine-month increase was $9.6 million, exceeding 10% year over year.

Key facts

• Same-Store operating expenses increased 3.2% to $381.842 million for the nine months ended September 30, 2026, from $370.134 million in 2025. source
• Same-Store operating expenses increased 2.7% to $129.504 million for the three months ended September 30, 2026, from $126.140 million in 2025. source
• In the three months ended September 30, 2026, Same-Store operating expenses rose 2.5%, or $1.2 million, for real estate taxes, 5.4%, or $1.0 million, for utilities, and 5.1%, or $0.9 million, for personnel costs. source
• In the nine months ended September 30, 2026, Same-Store operating expenses rose 6.4%, or $3.4 million, for utilities; 2.3%, or $3.3 million, for real estate taxes; 4.4%, or $2.4 million, for personnel; and 3.0%, or $2.2 million, for repairs and maintenance. source
• UDR's other operating expenses were $10.0 million for the three months ended September 30, 2026, compared with $7.0 million in 2025, primarily because of increased legal fees related to antitrust cases in which UDR was named. source
• UDR's other operating expenses were $32.4 million for the nine months ended September 30, 2026, compared with $22.8 million in 2025, primarily because of increased legal fees related to antitrust cases in which UDR was named. source

Impact estimates