---
schema_version: "secwatch.filing_event.v1"
accession: "0000074208-23-000053"
form_type: "8-K"
ticker: "UDR"
cik: "0000074208"
company_name: "UDR, Inc."
filed_at: "2023-07-26T23:59:59+00:00"
generated_at: "2026-06-13T02:33:04.776643+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# UDR Q2 2023 net income $1.05/share, far above guidance; raises full-year outlook

## Summary
- Q2 net income per diluted share $1.05, above guidance of $0.11-$0.13 and prior year $0.01; includes gain from joint venture.
- FFO per share $0.63 (guidance $0.60-$0.62, +21% YoY); FFOA $0.61, AFFO $0.55.
- Same-store NOI +7.7% YoY (straight-line basis), revenue +7.6%, expense +7.4%.
- Closed $507.2M JV with LaSalle; UDR retains 51% ownership in four communities.
- Subsequent to Q2, agreed to acquire six communities for ~$401.9M; raises full-year net income guidance to $1.35-$1.39.

## SEC filing metadata
- accession: 0000074208-23-000053
- form_type: 8-K
- ticker: UDR
- cik: 0000074208
- company_name: UDR, Inc.
- filed_at: 2023-07-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/74208/000007420823000053/0000074208-23-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/74208/000007420823000053/udr-20230726x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000074208-23-000053
- JSON: https://secwatch.observer/filing/0000074208-23-000053.json
- Plain text: https://secwatch.observer/filing/0000074208-23-000053.txt

## Key facts
- Earnings Releases
  UDR, Inc. reported quarter ended June 30, 2023 results: net income $1.05, EPS $1.05. Guidance raised.
  - Period: quarter ended June 30, 2023
  - Net income: $1.05
  - EPS: $1.05
  - Guidance: raised
  - Result: reported results
  source text: UDR ANNOUNCES SECOND QUARTER 2023 RESULTS AND UPDATES FULL-YEAR 2023 GUIDANCE
  evidence_url: https://www.sec.gov/Archives/edgar/data/74208/000007420823000053/0000074208-23-000053-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.