UDR · 10-Q · 2026Q3 · Full report

Interest Rate Exposure

UDR, Inc. · 2026-11-03 · Importance 25 · Surprise 6

At September 30, 2026, UDR had $936.6 million of variable-rate debt not subject to interest-rate swaps. A 100-basis-point increase in market rates would have increased interest expense for the nine months ended September 30, 2026 by $5.5 million, based on the period’s average debt balance. UDR also identifies refinancing maturing debt as an interest-rate exposure.

Key facts

• UDR had $936.6 million of variable-rate debt not subject to interest rate swaps at September 30, 2026; a 100-basis-point increase in market rates would have increased nine-month interest expense by $5.5 million based on the period's average balance. source
• UDR's current revolving facility rate was SOFR plus 77.5 basis points with a 15-basis-point facility fee; its term loan rate was SOFR plus 85.0 basis points. source
• UDR's working capital credit facility interest rate was SOFR plus 77.5 basis points based on its current credit rating. source