UDR Raises Full-Year 2026 Guidance After Preliminary Q3 Net Income Beats Prior Range

UDR, Inc. (NYSE: UDR) on Wednesday raised its full-year 2026 outlook after preliminary third-quarter results showed net income far above its prior guidance range. The real estate investment trust expects Q3 net income of $0.67 per share, versus earlier guidance of $0.13 to $0.15. Funds from operations available per share are estimated at $0.65, the top of the previously provided $0.63 to $0.65 range. The company lifted full-year 2026 net income guidance to $1.58-$1.60 per diluted share from $1.03-$1.11, raising the midpoint by $0.52. It also increased adjusted FFO guidance to $2.54-$2.56 per diluted share from $2.49-$2.57, up $0.02 at the midpoint. UDR shares traded at $35.25 in pre-market hours, up 2.44 percent on the NYSE.