UDR · 10-Q · 2026Q3 · Full report

Occupancy and Leasing Activity

UDR, Inc. · 2026-11-03 · Importance 30 · Surprise 14

UDR’s Same-Store Communities generated 95.3% of total NOI in the third quarter and comprised 51,824 apartment homes. For the quarter, rental income increased 1.5%, including a 0.8% increase in rental rates, while physical occupancy edged down 0.1% to 96.6%; monthly income per occupied home rose 1.6% to $2,682. For the first nine months, rental income increased 1.4%, with rental rates up 0.7%, while vacancy loss increased 11.8% ($3.7 million) and physical occupancy declined 0.3% to 96.6%; monthly income per occupied home increased 1.7% to $2,652.

Key facts

• UDR's same-store communities had physical occupancy of 96.6% for the three and nine months ended September 30, 2026. source
• For the three months ended September 30, 2026, same-store physical occupancy was 96.8% in Orange County, 97.1% in San Francisco, 96.5% in Seattle, 96.1% in Boston, 97.6% in New York, and 96.1% in Metropolitan D.C. source
• For the three months ended September 30, 2026, same-store physical occupancy was 96.5% in Seattle, 96.1% in Boston, and 97.6% in New York. source
• Same-Store weighted average physical occupancy decreased 0.1% to 96.6%, while total monthly income per occupied home increased 1.6% to $2,682 in the three months ended September 30, 2026. source
• Same-Store vacancy loss increased 11.8%, or $3.7 million, in the nine months ended September 30, 2026. source
• Same-Store weighted average physical occupancy decreased 0.3% to 96.6%, while total monthly income per occupied home increased 1.7% to $2,652 in the nine months ended September 30, 2026. source