UDR sees 2026 profit below estimates as expenses mount

Reuters
Feb 10
UDR sees 2026 profit below estimates as expenses mount

Feb 9 (Reuters) - Multifamily real estate investment trust UDR UDR.N on Monday forecast 2026 profit and adjusted funds from operations below Wall Street estimates, as it anticipates expenses to outpace rental revenue.

The REIT expects a full-year profit per share between 45 and 55 cents, compared to $1.13 in 2025, and analysts' expectations of 59 cents, according to data compiled by LSEG.

On a same-store basis, UDR estimates 2026 revenue growth of 0.25% to 2.25%, compared to a rise of 2.4% during the previous year. It expects expenses to be up 3% to 4.5%, higher than a rise of 2.6% in 2025.

The REIT, which owns and manages more than 60,000 apartment homes in the U.S., sees full-year adjusted FFO per share at a midpoint of $2.52, lower than analysts' estimates of $2.55.

It reported adjusted funds from operations of 64 cents per share for the fourth quarter, in line with estimates.

(Reporting by Megavarshini G. Somasundaram and Aishwarya Jain in Bengaluru; Editing by Alan Barona)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))

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