AI English summary of an SEC filing — figures as filed
UDR UDRThe company said it expects Net Income per diluted share for Q3 2026 to be $0.67 and FFOA per diluted share to be $0.65. It said it raised its full-year Net Income outlook to $1.58 to $1.60 from the prior $1.03 to $1.11, and its full-year FFOA outlook to $2.54 to $2.56 from $2.49 to $2.57.
Key points
AI summaryThe company said it expects Net Income per diluted share for Q3 2026 to be $0.67 and FFOA per diluted share to be $0.65. It said it raised its full-year Net Income outlook to $1.58 to $1.60 from the prior $1.03 to $1.11, and its full-year FFOA outlook to $2.54 to $2.56 from $2.49 to $2.57.
UDR said it announced a long-term joint venture with Apollo covering a portfolio of 19 communities with 7,059 apartment homes, valued at approximately $2.0 billion. The company said it is contributing the portfolio.
The company said it sold 2 apartment communities in Seattle and Nashville, with a combined 412 apartment homes, for total gross proceeds of $183.0 million during Q3. It also said it contributed a 360-home community in Nashville to its joint venture with LaSalle and received approximately $103.2 million in cash.
The company said that, as part of the runoff of its Debt and Preferred Equity portfolio, it acquired a 483-home community in Inland Empire and a 286-home community in Portland upon the liquidation of its interests in prior joint ventures. The incremental cash outlay was $235.0 million, and the combined property valuation was $354.4 million.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Preliminary Q3 2026 results and updated full-year outlook
The company said it expects Net Income per diluted share for Q3 2026 to be $0.67 and FFOA per diluted share to be $0.65. It said it raised its full-year Net Income outlook to $1.58 to $1.60 from the prior $1.03 to $1.11, and its full-year FFOA outlook to $2.54 to $2.56 from $2.49 to $2.57.
Source · Based on the filing body and exhibits
Joint Venture Formed with Apollo Valued at $2.0 billion
UDR said it announced a long-term joint venture with Apollo covering a portfolio of 19 communities with 7,059 apartment homes, valued at approximately $2.0 billion. The company said it is contributing the portfolio.
Source · Based on the filing body and exhibits
Sale of Q3 communities and expansion of LaSalle joint venture
The company said it sold 2 apartment communities in Seattle and Nashville, with a combined 412 apartment homes, for total gross proceeds of $183.0 million during Q3. It also said it contributed a 360-home community in Nashville to its joint venture with LaSalle and received approximately $103.2 million in cash.
Source · Based on the filing body and exhibits
Communities Acquired in Debt and Preferred Equity Portfolio Runoff
The company said that, as part of the runoff of its Debt and Preferred Equity portfolio, it acquired a 483-home community in Inland Empire and a 286-home community in Portland upon the liquidation of its interests in prior joint ventures. The incremental cash outlay was $235.0 million, and the combined property valuation was $354.4 million.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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