Apartment REIT UDR's Q4 net income per share rises

Overview

• Real estate investment trust's Q4 net income per share rose significantly yr/yr

• FFO per diluted share for Q4 increased 29% yr/yr

• Company completed $231.6 mln joint venture expansion with LaSalle Investment Management

Outlook

• UDR expects 2026 net income per share between $0.45 and $0.55

• Company projects 2026 FFO per share between $2.47 and $2.57

• UDR forecasts 2026 same-store revenue growth of 0.25% to 2.25%

Result Drivers

• LEASE STRATEGY - Strategic lease adjustments and high occupancy strategy amid weakened demand led to reacceleration in lease rate growth

• REVENUE GROWTH - Revenue increase driven by same-store communities, completed developments, and acquisitions, partially offset by property dispositions

• JOINT VENTURE EXPANSION - Completed $231.6 mln expansion of joint venture with LaSalle Investment Management, contributing to financial performance

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 7 "strong buy" or "buy", 14 "hold" and 3 "sell" or "strong sell"

• The average consensus recommendation for the residential reits peer group is "buy."

• Wall Street's median 12-month price target for UDR Inc is $40.50, about 7.9% above its February 6 closing price of $37.55

• The stock recently traded at 64 times the next 12-month earnings vs. a P/E of 52 three months ago

Press Release: ID:nBw6HTkpKa

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