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:
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