UDR, Inc. Q2 2026: Revenue $155.2M, EPS $0.21— 10-Q Summary

UDR, Inc. reported Q2 2026 revenue of $155.2M and diluted EPS of $0.21, up significantly from the prior year. Net income surged to $64.3M due to same-store rental growth and portfolio activity. Occupancy remained high at 96.6%, with monthly income per occupied home rising 2.0%. The company sold six communities YTD and is developing 685 new homes, despite increased operating expenses.

UDR, Inc. reported second-quarter 2026 results with revenue of $155.2M and diluted EPS of $0.21, driven by modest same-store rental growth and portfolio activity that boosted net income to $64.3M for the quarter versus $23.8M a year earlier.

Financial Highlights

Revenue was $155.2M for Q2 2026, compared with $152.8M in Q2 2025; YoY change 1.6%.
Net income was $64.3M consolidated for Q2 2026, compared with $23.8M in Q2 2025; YoY change 170.2%.
Diluted EPS was $0.21 for Q2 2026, compared with $0.11 in Q2 2025; YoY change 90.9%.

Business Highlights

Same-store rental income rose about 1.8% in Q2 (1.3% year-to-date), supporting modest same-store NOI growth despite higher operating costs.
Weighted physical occupancy remained high at approximately 96.6%, and monthly income per occupied home increased about 2.0% in Q2, indicating rent resiliency.
Portfolio activity included the sale of six communities year-to-date, realizing gains and shifting NOI toward stabilized assets.
Development and stabilization efforts: two wholly-owned developments totaling 685 homes are underway, and several previously non-mature communities became stabilized, adding NOI.
Operating expenses increased (taxes, utilities, personnel); the company is pursuing selective NOI-enhancing capital improvements.

Original SEC Filing: UDR, Inc. [ UDR ] - 10-Q - Jul. 28, 2026

Disclaimer

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

Financial Highlights

Revenue was $155.2M for Q2 2026, compared with $152.8M in Q2 2025; YoY change 1.6%.
Net income was $64.3M consolidated for Q2 2026, compared with $23.8M in Q2 2025; YoY change 170.2%.
Diluted EPS was $0.21 for Q2 2026, compared with $0.11 in Q2 2025; YoY change 90.9%.

Business Highlights

Same-store rental income rose about 1.8% in Q2 (1.3% year-to-date), supporting modest same-store NOI growth despite higher operating costs.
Weighted physical occupancy remained high at approximately 96.6%, and monthly income per occupied home increased about 2.0% in Q2, indicating rent resiliency.
Portfolio activity included the sale of six communities year-to-date, realizing gains and shifting NOI toward stabilized assets.
Development and stabilization efforts: two wholly-owned developments totaling 685 homes are underway, and several previously non-mature communities became stabilized, adding NOI.
Operating expenses increased (taxes, utilities, personnel); the company is pursuing selective NOI-enhancing capital improvements.

Original SEC Filing: UDR, Inc. [ UDR ] - 10-Q - Jul. 28, 2026

Disclaimer

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.