UDR

EX-99.1

2 udr-20260727xex99d1.htm

EX-99.1

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Exhibit 99.1

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Press Release

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DENVER, CO – July 27, 2026

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Contact: Trent Trujillo

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Email: ttrujillo@udr.com

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UDR, INC. ANNOUNCES SECOND QUARTER 2026 RESULTS

AND RAISES FULL-YEAR 2026 GUIDANCE RANGES

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UDR, Inc. (the “Company”) (NYSE: UDR), announced today its second quarter 2026 results. Net Income, Funds from Operations (“FFO”), and FFO as Adjusted (“FFOA”) per diluted share for the quarter and year-to-date periods ended June 30, 2026, are detailed below.

Metric

Quarter Ended June 30

Year-to-Date Ended June 30

2026

2025

2026

2025

Net Income per diluted share

$0.21

$0.11

$0.79

$0.34

FFO per diluted share

$0.60

$0.61

$1.23

$1.19

FFOA per diluted share

$0.64

$0.64

$1.25

$1.25

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Same-Store (“SS”) results for the second quarter 2026 versus the second quarter 2025 and the first quarter 2026 as well as year-to-date 2026 versus year-to-date 2025 are summarized below.

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SS Growth / (Decline)

Year-Over-Year (“YOY”): 2Q 2026 vs. 2Q 2025

Sequential:

2Q 2026 vs. 1Q 2026

Year-to-Date (YTD) YOY:

2026 vs. 2025

Revenue

1.8%

1.4%

1.3%

Expense

2.6%

(3.9)%

3.5%

Net Operating Income (“NOI”)

1.4%

4.0%

0.3%

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“Leasing strength in 2026 is tracking ahead of our initial expectations, resulting in second quarter results that exceeded our prior guidance. As a result, we have raised our full-year guidance ranges for Same-Store growth and FFOA per diluted share,” said Tom Toomey, UDR’s Chairman, President, and CEO. “The resiliency of the economy, waning supply, and attractive relative affordability of apartments position UDR for continued success. Following 50+ years of dividend growth and stability totaling $9 billion of payments, we look forward to paying our first monthly dividend this week.”

Outlook(1)

As shown in the table below, the Company has established the following guidance ranges for the third quarter of 2026, raised its previously provided full-year 2026 guidance ranges for Net Income, FFOA per diluted share, and Same-Store Growth, and updated its previously provided full-year 2026 guidance range for FFO per diluted share.

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Metric, per diluted share

2Q 2026

Actual

YTD 2026

Actual

3Q 2026

Outlook

Prior

Full-Year 2026 Outlook

Updated

Full-Year 2026 Outlook

Full-Year 2026 Midpoint (Change)

Net Income

$0.21

$0.79

$0.13 to $0.15

$0.91 to $1.01

$1.03 to $1.11

$1.07 (+$0.11)

FFO

$0.60

$1.23

$0.63 to $0.65

$2.48 to $2.58

$2.47 to $2.55

$2.51 (-$0.02)

FFOA

$0.64

$1.25

$0.63 to $0.65

$2.47 to $2.57

$2.49 to $2.57

$2.53 (+$0.01)

YOY Growth:

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SS Revenue

1.8%

1.3%

N/A

0.25% to 2.25%

0.75% to 2.00%

1.375% (+12.5bps)

SS Expense

2.6%

3.5%

N/A

3.00% to 4.50%

2.75% to 3.75%

3.25% (-50bps)

SS NOI

1.4%

0.3%

N/A

(1.00)% to 1.25%

0.00% to 1.25%

0.625% (+50bps)

(1)

Additional assumptions for the Company’s third quarter and full-year 2026 outlook can be found on Attachment 13 of the Company’s related quarterly Supplemental Financial Information (“Supplement”). A reconciliation of GAAP Net Income per diluted share to FFO per diluted share and FFOA per diluted share can be found on Attachment 14(D) of the Company’s related quarterly Supplement. Non-GAAP financial measures and other terms, as used in this earnings release, are defined and further explained on Attachments 14(A) through 14(D), “Definitions and Reconciliations,” of the Company’s related quarterly Supplement.

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Capital Allocation Activity

Leveraging the Company’s collaborative and data-driven approach to capital allocation, during the quarter and subsequent to quarter-end, the Company,

●As previously reported, expanded its share repurchase program to approximately 30 million shares and repurchased approximately 5.5 million shares of its common stock at a weighted average share price of $36.49 for total consideration of approximately $200.3 million. Following this share repurchase activity, the Company has approximately 25.5 million shares remaining for repurchase under its program. Since recommencing share repurchases in September 2025, the Company has repurchased approximately 11.5 million shares of its common stock at a weighted average share price of $36.32 for total consideration of approximately $418.0 million.

●Sold a 206-apartment home community in Nashville, TN, that was originally constructed in 1977 for gross proceeds of $41.5 million. Additionally, the Company is under contract to sell three apartment communities with a combined 808 apartment homes for gross proceeds totaling approximately $252.5 million. These transactions are expected to close in the third and fourth quarters of 2026. Should these pending sales close as anticipated, the Company’s 2026 disposition activity would total approximately $656.0 million.

●Acquired three apartment home communities with a combined 584 apartment homes upon the liquidation

EX-99.1

2 udr-20260429xex99d1.htm

EX-99.1

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Exhibit 99.1

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Press Release

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DENVER, CO – April 29, 2026

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Contact: Trent Trujillo

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Email: ttrujillo@udr.com

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UDR, INC. ANNOUNCES FIRST QUARTER 2026 RESULTS

AND UPDATES FULL-YEAR 2026 GUIDANCE RANGES

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UDR, Inc. (the “Company”) (NYSE: UDR), announced today its first quarter 2026 results. Net Income, Funds from Operations (“FFO”), and FFO as Adjusted (“FFOA”) per diluted share for the quarter ended March 31, 2026, are detailed below.

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Quarter Ended March 31

Metric

1Q 2026 Actual

1Q 2026 Guidance

1Q 2025 Actual

$ Change vs. Prior Year Period

% Change vs. Prior Year Period

Net Income per diluted share

$0.57

$0.11 to $0.13

$0.23

$0.34

148%

FFO per diluted share

$0.63

$0.61 to $0.63

$0.58

$0.05

9%

FFOA per diluted share

$0.62

$0.61 to $0.63

$0.61

$0.01

2%

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Same-Store (“SS”) results for the first quarter 2026 versus the first quarter 2025 and the fourth quarter 2025 are summarized below.

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SS Growth / (Decline)

Year-Over-Year (“YOY”): 1Q 2026 vs. 1Q 2025

Sequential:

1Q 2026 vs. 4Q 2025

Revenue

0.9%

(0.4)%

Expense

4.4%

5.7%

Net Operating Income (“NOI”)

(0.8)%

(3.2)%

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During the first quarter, the Company,

●Completed the sales of four apartment communities with a combined 1,159 apartment homes for gross proceeds totaling $362.0 million.

●Received approximately $138.9 million in proceeds from the full repayment of two Debt and Preferred Equity investments.

●Repurchased approximately 2.8 million shares of its common stock at a weighted average share price of $36.27 for total consideration of approximately $100.0 million.

Subsequent to quarter-end, the Company,

●Repurchased approximately 1.4 million shares of its common stock at a weighted average share price of $35.01 for total consideration of approximately $50.0 million. Since recommencing share repurchases in September 2025, the Company has repurchased approximately $268.0 million of its common stock.

●Acquired a 232-apartment home community located in Portland, OR. This investment was previously recognized as part of the Company’s Debt and Preferred Equity program.

●Announced, concurrent with this earnings release, the commencement of a monthly common stock dividend, beginning with the dividend payable in July 2026.

●Earned the distinction of being named a Top Workplace by USA Today for the second consecutive year.

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“First quarter Same-Store and FFOA per diluted share results aligned with our expectations, and we adhered to our capital allocation heatmaps to create shareholder value by selling assets at compelling valuations and repurchasing our stock. In addition, I am excited to announce that UDR has become the first residential REIT to offer monthly dividends. This strategic pivot in dividend policy is consistent with our effort to expand access to capital. Our responsiveness to growing interest in monthly cash distributions is emblematic of UDR’s culture of innovation and long-term value creation,” said Tom Toomey, UDR’s Chairman, President, and CEO.

Outlook(1)

As shown in the table below, the Company has established the following guidance ranges for the second quarter of 2026 and has updated full-year 2026 guidance ranges.

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1Q 2026

Actual

2Q 2026

Outlook

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Prior

Full-Year 2026 Outlook

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Updated

Full-Year 2026 Outlook

Full-Year 2026 Midpoint (Change)

Net Income per diluted share

$0.57

$0.12 to $0.14

$0.45 to $0.55

$0.91 to $1.01

$0.96 (+$0.46)

FFO per diluted share

$0.63

$0.62 to $0.64

$2.47 to $2.57

$2.48 to $2.58

$2.53 (+$0.01)

FFOA per diluted share

$0.62

$0.62 to $0.64

$2.47 to $2.57

$2.47 to $2.57

$2.52 (unch)

YOY Growth:

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SS Revenue

0.9%

N/A

0.25% to 2.25%

0.25% to 2.25%

1.25% (unch)

SS Expense

4.4%

N/A

3.00% to 4.50%

3.00% to 4.50%

3.75% (unch)

SS NOI

(0.8)%

N/A

(1.00)% to 1.25%

(1.00)% to 1.25%

0.125% (unch)

(1)

Additional assumptions for the Company’s second quarter and full-year 2026 outlook can be found on Attachment 13 of the Company’s related quarterly Supplemental Financial Information (“Supplement”). A reconciliation of GAAP Net Income per diluted share to FFO per diluted share and FFOA per diluted share can be found on Attachment 14(D) of the Company’s related quarterly Supplement. Non-GAAP financial measures and other terms, as used in this earnings release, are defined and further explained on Attachments 14(A) through 14(D), “Definitions and Reconciliations,” of the Company’s related quarterly Supplement.

Operating Results

In the first quarter, total revenue increased by $3.9 million YOY, or 0.9 percent, to $425.8 million. This increase was primarily attributable to growth in revenue from Same-Store and acquired communities, partially offset by declines in revenue from property dispositions.

“2026 has started as expected, and our results align with guidance and our focus o

UDR, Inc._ February 9, 2026 0000074208false00000742082026-02-092026-02-09

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

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FORM 8-K

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CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 ​ Date of Report (Date of Earliest Event Reported): February 9, 2026 ​

​ UDR, Inc. (Exact name of registrant as specified in its charter) ​

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Maryland ​ 1-10524 ​ 54-0857512

(State or other jurisdiction ​ (Commission ​ (I.R.S. Employer

of incorporation) ​ File Number) ​ Identification No.)

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1745 Shea Center Drive, Suite 200, Highlands Ranch, Colorado ​ ​ ​ 80129

(Address of principal executive offices) ​ ​ ​ (Zip Code)

​ Registrant’s telephone number, including area code: (720) 283-6120 ​ Not Applicable Former name or former address, if changed since last report

​ Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: ​ ☐  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ​ Securities registered pursuant to Section 12(b) of the Act:

Title of each class Trading Symbol(s) Name of each exchange on which registered

Common Stock, par value $0.01 UDR New York Stock Exchange

​ Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). ​ Emerging Growth Company          ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.    ☐ ​

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Item 2.02 Results of Operations and Financial Condition. ​ On February 9, 2026, UDR, Inc. (the “Company”) issued a press release announcing its financial results for the quarter and year ended December 31, 2025. This press release is furnished as Exhibit 99.1 to this Report and refers to supplemental financial information that is available on the Company’s website and furnished as Exhibit 99.2 to this Report. This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, and is not incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing. ​ Item 9.01 Financial Statements and Exhibits. ​ (d) Exhibits. ​ ​

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Ex. No. ​ ​ ​ Description

99.1 ​ Earnings press release dated February 9, 2026.

99.2 ​ Supplemental Financial Information dated February 9, 2026.

104 ​ Cover Page Interactive Data File – The cover page XBRL tags are embedded within the Inline XBRL document

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SIGNATURES

​ Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. ​ ​

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​ ​ UDR, Inc.

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February 9, 2026 ​ By: ​ /s/ David D. Bragg

​ ​ ​ ​ David D. Bragg

​ ​ ​ ​ Senior Vice President and Chief Financial Officer

​ ​ ​ ​ (Principal Financial Officer)

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