UDR Reports Q3 2026 Earnings with Raised Full-Year Guidance and Apollo Strategic Partnership
UDR (UDR) reported third-quarter results that met the high end of management's guidance, highlighted by FFOA per diluted share of $0.65. The company's performance was bolstered by strong investment activity, lower administrative expenses, and a significant $2 billion strategic partnership with Apollo involving 19 communities. This partnership provided $1.34 billion in equity capital, a portion of which has already been utilized for debt reduction. Operational metrics remained robust, with weighted average occupancy at 96.5% and resident retention reaching an all-time third-quarter high of 52%. While the Sunbelt region saw a decline in lease rates, coastal markets—specifically San Francisco—showed strong growth. Consequently, UDR has raised its full-year FFOA and same-store NOI guidance to reflect improved revenue and expense outlooks.
Topics: FFO per share Occupancy Rates Same-Store Revenue Growth Share Repurchases Strategic Partnership
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