UDR Q3 2026: net income jumps on asset sale, core FFO flat
UDR's Q3 2026 looks better at the net-income line than in its core rental operations. Net income was $216.1 million and GAAP EPS was $0.67, but the quarter included a $190.1 million gain on sale of real estate owned. FFO per diluted share and unit was $0.62 and FFO as adjusted was $0.65, both flat year over year. Read the quarter through same-store growth, FFO and leverage rather than the GAAP jump.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS was $0.67 versus a consensus estimate of $0.1364, but the comparison is distorted by a $190.1 million gain on sale of real estate owned. FFO per diluted share and unit was $0.62, flat with $0.62 a year earlier, and FFO as adjusted was $0.65, also flat. AFFO per diluted share and unit was $0.56, flat year over year.
Reported total revenues were $428.1 million, down 0.9% from $431.9 million a year earlier. Rental income was $424.6 million and joint venture management and other fees were $3.5 million, so the $3.5 million revenue figure in the structured data is not the company total. Segment revenue summed to $420.4 million, below the $428.1 million total.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-11-03
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