REIT boardRanked among REITs, not on the main board. A REIT's earnings are dominated by depreciation on assets that typically appreciate, so net margin and return on assets understate it against an operating company.
AI-extracted from the 10-Q filed 2026-07-28 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
UDR's Q2 2026 revenue was roughly flat YoY at $425.4M, with EPS more than doubling to $0.21 largely on a $35.7M gain from selling a Nashville community, while core FFO per share actually slipped to $0.60 from $0.61.
Biggest Revenue Drivers
Same-Store Communities$401.7M+1.8% YoY
Driven by a 0.7% increase in rental rates, a 5.8% increase in reimbursement and other income, and a $2.3M decrease in bad debt expense from fewer delinquent homes
Non-Mature Communities/Other$21.2M
Includes recently acquired/developed communities and communities sold or held for disposition during the period
Biggest Revenue Drivers
Total revenue: $425.4Mflat YoY
Same-Store Communities$401.7M+1.8% YoY
Driven by a 0.7% increase in rental rates, a 5.8% increase in reimbursement and other income, and a $2.3M decrease in bad debt expense from fewer delinquent homes
Non-Mature Communities/Other$21.2M
Includes recently acquired/developed communities and communities sold or held for disposition during the period
Joint venture management and other fees$2.5M+2.8% YoY
Management fees charged to equity method joint ventures per contractual agreements; not allocable to a specific segment
Largest Expense Items
Real estate depreciation and amortization$160.1M-1.9% YoY
Property operating and maintenance$76.3M+0.9% YoY
Real estate taxes and insurance$56.8M-0.3% YoY
Interest expense$47.6M-2.1% YoY
Margins: Same-Store operating margin (NOI/rental income) was 68.6% for the quarter versus 68.9% a year ago, as a 2.6% rise in operating expenses (real estate taxes, utilities, personnel) outpaced 1.8% rental income growth.
Watch Items from the Filing
UDR is a defendant in consolidated antitrust cases alleging RealPage, Inc. revenue-management software facilitated rent-fixing; other operating expenses rose $5.2M in Q2, primarily from related legal fees.
Approximately 75.0% of six-month NOI came from just eight markets: Metro D.C. (17.0%), Boston (11.5%), Orange County (11.2%), SF Bay Area (9.3%), Dallas (8.8%), Seattle (5.2%), New York (6.1%), and Tampa (5.1%).
FFO per diluted share declined to $0.60 from $0.61 YoY despite reported EPS more than doubling, as GAAP net income was boosted by a $35.7M non-recurring gain on the sale of a Nashville community.
The Company repurchased 5.5 million shares for $200.3M in Q2 (8.2 million shares for $300.3M year-to-date) at an average price of $36.49/share under its buyback program.
$780.0 million of unsecured debt matures during the remainder of 2026, including $480.0M of commercial paper and $300.0M of 2.95% medium-term notes due September 2026, exposing the company to refinancing at higher rates.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Grove Jon AReporting ownerGrant or award · Jan 2, 2026
Congress trading in UDR
3 transactions in UDR reported by 1 member of Congress under the STOCK Act, most recent trade Sep 25, 2025. Reported transactions, not recommendations.
About UDR, Inc. (UDR): stock profile, AI score and financials
UDR, Inc. (UDR) stock profile, AI quality score, and SEC EDGAR financial data, a Real Estate sector company. 13F Pro's AI-powered ranking engine scores UDR at 65.7/100 on a composite quality score built from its SEC filings, placing it at rank #29 of 148 stocks — the top 25% of the AI-ranked universe. Based on the latest XBRL financial filings (Q2 2026), UDR, Inc. reports quarterly revenue of $425.4M, net income of $69.0M, an operating margin of 27.2%. Top institutional holders of UDR by reported 13-F value include BlackRock, NORGES BANK, Capital Research Global Investors, based on the most recent SEC filings. UDR trades on the NYSE exchange and files with the SEC under CIK 74208. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate UDR daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for UDR, Inc. directly from SEC EDGAR.