UDR · 10-Q · 2026Q3 · Full report

Non-Mature NOI Decline

UDR, Inc. · 2026-11-03 · Importance 40 · Surprise 56

Non-Mature Communities/Other NOI fell 37.6% ($8.1 million) to $13.5 million in the third quarter of 2026 and 18.7% ($12.8 million) to $55.8 million over the first nine months. The declines primarily reflected lower NOI from sold and held-for-disposition communities: down $13.0 million in the quarter and $27.9 million year to date. UDR sold seven operating communities and partially sold one during 2026. Stabilized non-mature communities partly offset the decreases, contributing $2.9 million more NOI in the quarter and $11.4 million more year to date as developments stabilized and communities acquired in 2025 matured.

Key facts

• Non-Mature Communities/Other generated $13.5 million, or 4.7%, of total NOI in the three months ended September 30, 2026, and its NOI decreased 37.6%, or $8.1 million, year over year. source
• Non-Mature Communities/Other NOI declined $13.0 million from sold and held-for-disposition communities following the sale of seven operating communities and partial sale of one operating community in 2026; a $2.9 million increase from stabilized non-mature communities partly offset the decline. source
• Non-Mature Communities/Other generated $55.8 million, or 6.5%, of total NOI in the nine months ended September 30, 2026, and its NOI decreased 18.7%, or $12.8 million, year over year. source
• Non-Mature Communities/Other NOI declined $27.9 million from sold and held-for-disposition communities following the sale of seven operating communities and partial sale of one operating community in 2026; a $11.4 million increase from stabilized non-mature communities partly offset the decline. source