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Sentiment · FY2026 Q2
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $423M | +2.3% | $-0.02 | -119.6% | 15.7% | -1.2% | $174M |
| FY2025 Q1 | $422M | +2.0% | $0.23 | +76.9% | 29.0% | 18.2% | $94M |
| FY2025 Q2 | $425M | +2.4% | $0.11 | +31.0% | 18.2% | 8.9% | $170M |
| FY2025 Q3 | $432M | +2.8% | $0.11 | +70.0% | 17.7% | 9.4% | $164M |
| FY2025 Q4 | $433M | +2.5% | $0.67 | +3645.0% | 19.8% | 51.5% | $475M |
| FY2026 Q1 | $426M | +0.9% | $0.57 | +147.8% | 54.0% | 44.6% | $84M |
| FY2026 Q2 | $425M | 0.0% | $0.21 | +90.9% | 27.2% | 16.2% | $45M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
UDR posted Q1 FFO as adjusted of $0.62 per share with same-store revenue growth of 0.9% and blended lease rate growth of 1.6%, the highest across its apartment REIT peer group. Full-year 2026 FFOA guidance of $2.52 was maintained unchanged as resident retention reached an all-time high driving renewal outperformance, and San Francisco and New York delivered outsized growth as market leaders. Capital recycling proceeded at record pace with $362M in dispositions funding share buybacks, and a monthly dividend transition was announced to attract high-net-worth and family office investors.
Pricing | Capital Allocation | Guidance Reliability | Demand | Geographic Expansion | Innovation & R&D | Macroeconomic | Capex Investment | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 5 | 4 | 1 | 4 | 5 | 3 | 4 | |
| 2025Q1 | 7 | 7 | 2 | 4 | 1 | 3 | 6 | 3 |
| 2025Q2 | 12 | 8 | 9 | 5 | 8 | 2 | 3 | |
| 2025Q3 | 5 | 5 | 4 | 4 | 3 | 3 | 1 | |
| 2025Q4 | 8 | 3 | 3 | 4 | 5 | 2 | 1 | |
| 2026Q1 | 7 | 6 | 5 | 3 | 5 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Pricing | 5 | 7 | 12 | 5 | 8 | 7 |
| Capital Allocation | 4 | 7 | 8 | 5 | 3 | 6 |
| Guidance Reliability | 1 | 2 | 9 | 4 | 3 | 5 |
| Demand | 4 | 4 | 5 | 4 | 4 | 3 |
| Geographic Expansion | 1 | 8 | 3 | 5 | 5 | |
| Innovation & R&D | 5 | 3 | 2 | 3 | 2 | |
| Macroeconomic | 3 | 6 | 1 | 2 | ||
| Capex Investment | 4 | 3 | 3 | 1 | 1 |
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Alexander Goldfarb | Piper Sandler | 10 (30%) |
| John Kim | BMO Capital Markets | 10 (40%) |
| Austin Wurschmidt | KeyBanc Capital Markets |
| 10 (20%) |
| Haendel St. Juste | Mizuho Securities | 9 (0%) |
| Alex Kim | Zelman & Associates | 8 (0%) |
| Jamie Feldman | Wells Fargo | 8 (13%) |
| Julien Blouin | Goldman Sachs | 7 (29%) |
| Jana Galan | Bank of America | 7 (0%) |
| John Pawlowski | Green Street | 7 (29%) |
| Adam Kramer | Morgan Stanley | 6 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Piper Sandler | 1 | 10 (30%) |
| BMO Capital Markets | 1 | 10 (40%) |
| Wells Fargo | 2 | 10 (10%) |
| KeyBanc Capital Markets | 1 | 10 (20%) |
| UBS | 2 | 9 (0%) |
| Citigroup | 2 | 9 (11%) |
| Bank of America | 2 | 9 (0%) |
| Mizuho Securities | 1 | 9 (0%) |
What UDR and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Or Prologis, where they have been able to influence logistics across the globe.”
UDR's CEO cites Prologis as an example of a company that achieved scale-based dominance in logistics, contrasting it with the fragmented apartment sector.
“if you look at Simon mall company, they have a very good stranglehold on malls across the globe and are able to influence the customer.”
UDR's CEO cites Simon Property Group as an example of a dominant player that controls its customer segment, unlike the fragmented apartment industry.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
UDR UDR, Inc. | 5 | +0.9% | |
| AVB AvalonBay Communities | 6 | +3.3% | |
| CPT Camden Property Trust | 5 | +0.1% | |
| ESS Essex Property Trust | 5 | +1.5% | |
| INVH Invitation Homes | 6 | +8.8% | |
| MAA Mid-America Apartment Communities | 5 | +0.8% | |
| VMRK Vivmark Residential | 5 | +2.5% |