UDR Q1 EPS $0.57 beats guidance; raises FY net income outlook; shifts to monthly dividend

UDR, Inc.

2026-Q1 EPS reported $0.57 revenue$425,849,000

Q1 2026 net income per diluted share $0.57 vs guidance $0.11-$0.13 and prior-year $0.23; FFO $0.63 vs $0.61-$0.63 guidance.
Same-store revenue +0.9% YoY, NOI -0.8% YoY; expense growth 4.4% outpaced revenue.
Closed $362M in apartment sales (1,159 units); repurchased 2.8M shares for $100M in Q1 and 1.4M more post-quarter.
Raised full-year 2026 net income guidance to $0.91-$1.01 from $0.45-$0.55; FFO guidance to $2.48-$2.58.
Will become first residential REIT to pay monthly common stock dividends starting July 2026.

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