Logotype for UDR Inc

UDR (UDR) investor relations material

UDR Q3 2025 earnings summary

Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Logotype for UDR Inc
Q3 2025 earnings summary30 Oct, 2025

Executive summary

  • Q3 2025 delivered strong year-over-year growth in same-store revenue (2.6%) and NOI (2.3%), with FFOA per diluted share of $0.65, up 5%, and net income per diluted share of $0.12, up 100% year-over-year, exceeding consensus expectations.

  • Total revenue for Q3 2025 was $431.9 million, up 2.8% year-over-year, driven by growth in Same-Store communities and completed developments.

  • Occupancy remained strong in the mid-96% range, supported by robust resident retention and operational innovation.

  • Board refreshment continued with the addition of Richard B. Clark, bringing significant real estate and capital markets experience.

  • Recognized as a National Top Workplaces winner for the second consecutive year and published the seventh annual Corporate Responsibility Report.

Financial highlights

  • FFOA per diluted share was $0.65, up 5% year-over-year, and FFO per diluted share was $0.62, up 3%; AFFO per diluted share was $0.56.

  • Net income attributable to common stockholders was $39.2 million for Q3 2025, up from $21.4 million in Q3 2024.

  • Same-store revenue, expense, and NOI grew 2.6%, 3.1%, and 2.3% year-over-year, respectively.

  • Weighted average physical occupancy for the Same-Store portfolio was 96.6%.

  • Repurchased 930,000 shares for $35 million at a discount to consensus NAV during and after the quarter.

Outlook and guidance

  • Full-year 2025 FFOA per share guidance was raised to $2.53–$2.55, with net income per diluted share guidance at $0.57–$0.59.

  • Q4 2025 FFOA per share guidance is $0.63–$0.65; net income per diluted share guidance is $0.13–$0.15.

  • Full-year 2025 same-store revenue growth expected at 2.20%–2.60%, NOI growth at 2.00%–2.50%.

  • Dispositions guidance increased to $325–$625 million; acquisitions guidance increased to $150–$350 million.

  • Management expects to meet liquidity needs through operating cash flow, credit facilities, and property sales.

Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.

Next UDR earnings date

Logotype for UDR Inc
Q4 20256 Feb, 2026
Your earnings 
season toolkit.
Download
Free on both iOS & Android.

Next UDR earnings date

Logotype for UDR Inc
Q4 20256 Feb, 2026

The essential earnings season companion

The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

Live calls and transcripts

Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.

Find what you need faster

Search for any keyword across all transcripts simultaneously.

Easily store key findings

Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Your watchlist. Your dashboard.

Follow the companies that matter to you. Get a personalized feed with real-time updates.

Be the first to know

Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.

Consensus estimates

Access analyst consensus estimates, valuation multiples, and revenue segments splits.

All IR material in one place

The easiest way to stay updated during earnings season.

Global coverage

All events from public companies. Live and recorded.

Just click and listen

No webcast links. No manual registrations.

Research anytime, anywhere

Built for professionals. Loved by everyone. Try our free mobile app.

excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
App-store-avatar.png play-store-avatar.png
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
play-store-avatar
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
App-store-avatar.png play-store-avatar.png
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
x-avatar
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
App-store-avatar.png play-store-avatar.png
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
x-avatar
@theshortbearx.com

Frequently asked questions

Upscale Apartment REIT

UDR, Inc. is a real estate investment trust (REIT) specializing in managing, developing, and redeveloping multifamily properties. UDR has established a robust portfolio of upscale and luxury properties, including residential units across major metropolitan areas across the United States. The company focuses on delivering enjoyable living environments for residents while aiming for long-term value creation for shareholders at the same time. It is headquartered in Highlands Ranch, Colorado, and its shares are listed on the NYSE.

From Real Estate Development to Public REIT

UDR was founded in 1972, the company started as a small real estate development firm in Colorado. Today, UDR owns and manages a substantial portfolio of over 60,000 apartment homes, many of which are located in some of the most sought-after markets in the United States, such as New York City, San Francisco, and Washington, D.C.

The Properties

The company is primarily engaged in the ownership, operation, development, and acquisition of multifamily apartment communities. Its property portfolio spans various regions across the United States, with a focus on urban and suburban areas. UDR's properties typically include mid-rise and high-rise buildings, often featuring a range of amenities designed to appeal to a diverse tenant base. These amenities can include fitness centers, swimming pools, and community spaces. Some similar companies to UDR are Boston Properties, Equity Residential, and AvalonBay Communities.

Real Estate Investment Trust

As a REIT, UDR. operates under a specific framework that involves owning and typically managing income-generating real estate properties. The REIT structure mandates that the company distributes a significant portion of its taxable income to shareholders, usually in the form of dividends. This is one of the rules and regulations that a company has to adhere to in order to qualify as a REIT, and in return, it receives a number of benefits.

Quartr provides global coverage of all investor relation material from public companies.

  • Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.

  • Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.

  • Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.

Yes, the Quartr mobile app is free on both iOS and Android.

Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.

Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.

Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.

Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.

Explore our global coverage