UDR lifts 2025 AFFO forecast on strong rental growth

Reuters
2025/10/30
UDR lifts 2025 AFFO forecast on strong rental growth

Oct 29 (Reuters) - Multifamily real estate investment trust UDR UDR.N lifted the lower end of its annual forecast for adjusted funds from operations on Wednesday, driven by strong rental growth.

UDR, which operates over 60,000 apartment homes in the U.S., is betting on the constrained supply of new homes in its markets to drive growth in rental rates.

The Highlands Ranch, Colorado-based REIT reported third-quarter AFFO of 65 cents per share, compared with the analysts' average estimate of 62 cents per share, according to data compiled by LSEG.

It expects full-year AFFO between $2.53 and $2.55 per share, compared to its prior outlook of $2.49 to $2.55.

Total revenue for the quarter ended September 30 came in at $431.9 million. Analysts, on average, were expecting revenue of $429.3 million for the third quarter.

(Reporting by Aishwarya Jain in Bengaluru; Editing by Alan Barona)

((Aishwarya.Jain@thomsonreuters.com))

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