REIT UDR's Q1 revenue rises

UDR

29/04/2026 21:37

Overview

U.S. apartment REIT's Q1 revenue rose 0.9% yr/yr, driven by same-store and acquired communities

Q1 net operating income fell 0.8% yr/yr as expenses increased 4.4%

Company to begin monthly dividend payments in July 2026, replacing quarterly payouts

Outlook

UDR sees Q2 2026 net income per diluted share at $0.12 to $0.14

Company raises full-year 2026 net income per diluted share outlook to $0.91 to $1.01

UDR maintains full-year 2026 FFO per diluted share guidance at $2.48 to $2.58

Result Drivers

SAME-STORE AND ACQUISITION GROWTH - Revenue growth was primarily attributed to same-store and acquired communities, partially offset by declines from property dispositions

HIGHER EXPENSES - Same-store expenses rose 4.4% yr/yr, contributing to a 0.8% decline in net operating income

INNOVATION INCOME AND RESIDENT RETENTION - Management cited increased income from services and amenities and all-time high resident retention as operational positives

Company press release: ID:nBw3nTPgma

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$0.57


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 8 "strong buy" or "buy", 13 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the residential reits peer group is "buy."

Wall Street's median 12-month price target for UDR Inc is $41.00, about 13.2% above its April 28 closing price of $36.21

The stock recently traded at 67 times the next 12-month earnings vs. a P/E of 61 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)