UDR Raises Full-Year 2026 FFOA Guidance to $2.53 Per Share

Earnings
โดย GuruFocus·Read original
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UDR Inc raised its full-year 2026 FFOA guidance to $2.53 per share at the midpoint after exceeding second-quarter expectations. The company reported second-quarter FFOA of $0.64 per share, achieving the high end of its guidance, driven by same-store revenue growth of 1.8% year-over-year and blended lease rate growth of 2.1%. Occupancy remained in the mid-96% range, and resident retention reached an all-time seasonal high of 60%. UDR also repurchased approximately 5.5 million shares for $200 million at an average price of $36.49 per share and has nearly $1 billion of liquidity available.

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UDR raised full-year 2026 FFOA guidance and reported strong Q2 results, plus a $200M share buyback.