UDR · 10-Q · 2026Q3 · Full report

Unconsolidated Entity Income Decline

UDR, Inc. · 2026-11-03 · Importance 45 · Surprise 64

Income from unconsolidated entities declined to $1.6 million in the third quarter of 2026 from $14.0 million in the third quarter of 2025, a decrease of $12.4 million. UDR cited a $4.8 million decrease in preferred-equity investment income following the redemption of six preferred equity investments during 2026. A $4.5 million decrease primarily reflected lower unrealized gains from real estate technology funds. A further $3.1 million decrease was primarily attributable to higher depreciation and amortization expense.

Key facts

• UDR's income from unconsolidated entities decreased $12.4 million in the third quarter of 2026, including a $4.8 million decrease in preferred-equity income after redemption of six investments, a $4.5 million decrease in unrealized gains from real estate technology funds, and a $3.1 million increase in depreciation and amortization expense. source
• UDR's unconsolidated-entity income was $1.6 million in the three months ended September 30, 2026, compared with $14.0 million in 2025. source
• Unconsolidated-entity income declined $4.8 million from preferred equity investments following redemption of six investments during 2026, declined $4.5 million primarily from lower unrealized gains on real estate technology funds, and declined $3.1 million primarily from higher depreciation and amortization. source