UDR, Inc. (UDR) Earnings Call Transcripts

UDR, Inc.'s Latest Earnings Call - Q2 FY2026

In UDR's Second Quarter 2026 earnings call, the company reported strong operational performance, leading to an increase in full-year guidance for same-store growth and FFOA per share. Revenue for the quarter was $0.64 per share, exceeding expectations, while same-store revenue growth was reported at 1.8%. Management raised the full-year FFOA guidance to $2.53 per share, reflecting confidence in continued demand and operational excellence amidst favorable industry conditions. The stock may see upward movement due to the positive revisions in guidance and strong leasing trends, particularly in coastal markets.

Reported metrics

Guidance from management

Management raised full-year 2026 same-store revenue growth guidance to a range of 0.75% to 2% and FFOA per share guidance to $2.53, reflecting confidence in continued operational performance.

What management said

Eric, I appreciate the question, and we received the same number. And what I'd start off with is I'm not going to respond to the speculation, okay? What I am going to focus on and what the Board and management team is on our strategy and acting in the best interest of our shareholders. So we always weigh the options that are presented to us in front of us and also what we are capable of executing. We're excited about...

Jamie, this is Dave. I would also just provide a broader historical perspective for the industry that tells us that subject to the economic landscape, higher turnover can be a good thing. If we look back to, say, the middle of the 2000s turnover was around 55% at that time with very high rates of move-out to buy, but apartment revenue growth was in the mid-single-digit range. Thank you to great job growth at that tim...

What analysts pressed on

Analysts expressed concerns regarding the variability in performance across different markets, particularly the Sunbelt regions, where new lease growth remains under pressure. There were also inquiries about the impact of the wind-down of the debt and preferred equity book on future earnings.

Main topics on the call

• Revenue Growth Acceleration — UDR reported a year-over-year same-store revenue growth of 1.8%, driven by blended lease rate growth of 2.1%, which exceeded the high end of their guidance range. Management noted, "the apartment industry is strengthenin...
• Guidance Raise — Management raised their full-year 2026 same-store revenue growth guidance by 12.5 basis points, now expecting a range of 0.75% to 2%. This adjustment reflects better-than-expected performance in the first half of the yea...
• Strong Occupancy Rates — UDR maintained occupancy in the mid-96% range, with a resident retention rate of 60%, marking an all-time seasonal high. This high retention supports both occupancy and revenue growth, as noted by COO Mike Lacy, "this de...
• Capital Allocation Strategy — The company is strategically selling assets to repurchase shares at discounts to NAV, enhancing long-term cash flow per share. CFO Dave Bragg highlighted that they executed dispositions totaling approximately $295 millio...

Read the full UDR, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 41 UDR, Inc. earnings call transcripts on record, spanning February 12, 2020 to July 28, 2026. Based on this history, UDR, Inc. reports quarterly. The most recent call on file is dated July 28, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

UDR

Exchange

NYSE

Country

US

Sector

Real Estate

Industry

Residential REITs

Calls on record

41

First call

February 12, 2020

Most recent

July 28, 2026

Reporting cadence

quarterly