UDR, Inc. (UDR) Earnings Call Transcripts
UDR, Inc.'s Latest Earnings Call - September 16, 2026
In the Q3 2026 earnings call, UDR, Inc. (UDR:US) reported strong operational performance, with management expressing optimism for 2027. Revenue growth was highlighted, with management stating, "I think '27 is going to be a better year than '26," signaling a positive outlook. The company achieved a same-store revenue growth of 1.9% in the first half of 2026, exceeding peer averages, and expects continued growth in the second half. Management maintained guidance for revenue growth of 1.5% to 2% for the back half of the year, indicating stability and potential upside for the upcoming fiscal year.
Reported metrics
| Metric | Value |
|---|---|
| Same-Store Revenue Growth | 1.9% (beat) |
| Occupancy Rate | 96% (positive) |
| Asset Dispositions | $600 million (positive) |
| Stock Repurchases | $400 million (positive) |
| Guidance for Revenue Growth | 1.5% to 2% (inline) |
| Market Rent Change | -0.5% (neutral) |
Guidance from management
Management maintained guidance for revenue growth of 1.5% to 2% for the second half of 2026, indicating confidence in operational performance and market conditions.
What management said
Yes. So we effectively moved 5% out of the fourth quarter. I would say 2% went into the second quarter and about 3% in the third quarter. So we're running just over 30% expirations in 2Q and 3Q at this point, both quarters.
And you guys have also done a little bit of acquisitions and development. You found your spots. Maybe if you can kind of let us know what was attractive about those deals relative to everything else is reviewed?
What analysts pressed on
Analysts raised concerns about the potential impact of slower job growth on household formation and rental demand. There was also discussion around the effects of higher interest rates on affordability and transaction activity in the real estate sector.
Main topics on the call
- Positive Revenue Growth Outlook — Management indicated a strong revenue growth trajectory, stating, "I think '27 is going to be a better year than '26." They expect same-store revenue growth to continue in the range of 1.5% to 2% for the latter half of 2...
- Strong Operational Performance — UDR reported a strong operational quarter, with a same-store revenue growth of 1.9% in the first half of 2026, which was "about 15 basis points higher than our midpoint and about 70 basis points higher than the peer aver...
- Capital Allocation Strategy — Management emphasized their focus on asset dispositions and share buybacks, having sold over $600 million in assets and repurchased over $400 million in stock. They view this as the "current highest and best use" of capi...
- Market Performance Variability — Management noted variability in market performance, stating that while coastal markets are seeing some declines, the Sunbelt regions are performing better. For example, San Francisco remains strong, but blends are expect...
Read the full UDR, Inc. transcript (September 16, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About UDR, Inc.
UDR, Inc. (UDR) is a publicly listed company in the Residential REITs industry, within the Real Estate sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 42 calls on record spanning February 12, 2020 to September 16, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 42 UDR, Inc. earnings call transcripts on record, spanning February 12, 2020 to September 16, 2026. Based on this history, UDR, Inc. reports quarterly. The most recent call on file is dated September 16, 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
- 42
- First call
- February 12, 2020
- Most recent
- September 16, 2026
- Reporting cadence
- quarterly