UDR · 10-Q · 2026Q3

UDR, Inc.

Filed 2026-11-03 · Real Estate · View original filing on EDGAR

Everything UDR's SEC filings said, ranked

Ranked Events

• Other Operating Expense IncreaseImportance 60 · Surprise 74
  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…
• Litigation and Legal RiskImportance 60 · Surprise 74
  UDR incurred increased legal fees in 2026 primarily related to cases alleging antitrust violations by RealPage, Inc., in which UDR has been named. Other operating expenses increased by $9.6 million for the nine months…
• Joint Venture ProceedsImportance 58 · Surprise 42
  UDR stated that the Apollo JV, formed in October 2026, provided approximately $1.34 billion of cash proceeds. For the nine months ended September 30, 2026, UDR received $227.9 million of distributions from…
• Interest Income IncreaseImportance 45 · Surprise 64
  Interest income and other income, net increased to $8.1 million in the third quarter of 2026 from $3.7 million in the third quarter of 2025, an increase of $4.4 million, or approximately 119%. The increase primarily…
• Unconsolidated Entity Income DeclineImportance 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…
• Smart Home Technology UpdatesImportance 45 · Surprise 64
  UDR spent $7.1 million on its operating platform during the first nine months of 2026, up 59.9% from $4.4 million in the comparable 2025 period. The filing says this category includes smart home technology updates at…
• Non-Mature NOI DeclineImportance 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…
• Real Estate Sale GainsImportance 34 · Surprise 42
  In March 2026, UDR sold four communities with 1,159 homes for $362.0 million, recognizing gains of approximately $157.4 million; it also sold a Nashville community for $41.5 million in June. In July, UDR contributed a…
• Development PipelineImportance 32 · Surprise 24
  At September 30, 2026, UDR’s development pipeline included two wholly owned communities totaling 685 apartment homes, with 51 homes completed. The projects had a total budget of $314.9 million and a gross carrying…
• Share Repurchase ProgramImportance 32 · Surprise 24
  UDR repurchased 8.2 million common shares during the first nine months of 2026 at an average price of $36.43 per share, for total consideration of approximately $300.3 million. The company made no repurchases in the…
• Occupancy and Leasing ActivityImportance 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…
• Capital ExpendituresImportance 29 · Surprise 22
  UDR spent $176.3 million on portfolio capital expenditures, excluding development, during the first nine months of 2026, down 10.1% from $196.2 million in 2025; spending declined from $3,545 to $3,259 per stabilized…
• Revenue Performance and MixImportance 25 · Surprise 32
  For the three months ended September 30, 2026, Same-Store rental income increased 1.5% ($5.9 million) to $402.6 million, while Same-Store NOI rose 1.0% ($2.6 million) to $273.1 million. For the nine months ended…
• Interest Rate ExposureImportance 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…
• Operating Cash Flow TrendsImportance 25 · Surprise 32
  Net cash provided by operating activities was $592.7 million for the nine months ended September 30, 2026, down from $641.5 million in the comparable 2025 period, a decrease of approximately 7.6%. UDR attributed the…
• Liquidity and Debt PositionImportance 23 · Surprise 6
  At September 30, 2026, UDR had $700.0 million of commercial paper outstanding at a 4.15% weighted average annualized rate, with no remaining program capacity, and $350.0 million outstanding under its term loan. It had…
• Operating Margin DriversImportance 18 · Surprise 14
  Same-Store operating expenses increased 2.7% ($3.4 million) in the third quarter of 2026 and 3.2% ($11.7 million) over the first nine months, compared with 2025. Third-quarter expense growth included a 2.5% ($1.2…
• Geographic Market CommentaryImportance 14 · Surprise 6
  UDR’s Same-Store Communities portfolio had 51,824 apartment homes across its West, Northeast, Mid-Atlantic, Southeast, and Southwest regions. Physical occupancy was 96.6% for both the three and nine months ended…

Revenue by Geography (in thousands)