UDR, Inc. (NYSE: UDR) lifts 2026 outlook after solid Q2 earnings

Q: How did UDR (UDR) perform financially in the second quarter of 2026?

UDR reported net income per diluted share of $0.21 in Q2 2026, up from $0.11 in 2025. FFO per diluted share was $0.60 versus $0.61 a year earlier, and FFO as Adjusted per diluted share was $0.64 , unchanged year over year.

Q: What full-year 2026 guidance did UDR (UDR) provide for net income and FFO?

For 2026, UDR now guides net income per diluted share to $1.03–$1.11 . FFO per diluted share is guided to $2.47–$2.55 , and FFO as Adjusted to $2.49–$2.57 , with both revised ranges disclosed in the company’s updated outlook.

Q: How did UDR (UDR) same-store operations trend in Q2 2026?

In Q2 2026, UDR’s same-store portfolio posted 1.8% revenue growth, 2.6% expense growth, and 1.4% NOI growth versus Q2 2025. Weighted average physical occupancy was 96.6% , and blended lease rate growth across the portfolio was 2.1% for the quarter.

Q: What is UDR’s (UDR) dividend rate and history as of Q2 2026?

UDR began paying a monthly dividend of $0.145 per share in July 2026, totaling $0.435 for Q2 and $1.74 annualized. This reflects a 1.2% increase over the comparable 2025 period, and September 2026 will mark the 217th consecutive common dividend.

Q: What does UDR’s (UDR) balance sheet look like as of June 30, 2026?

As of June 30, 2026, UDR had $5.8 billion of total indebtedness at a 3.4% weighted average interest rate and about $885 million of liquidity. Consolidated net debt-to-EBITDAre, adjusted for non-recurring items, was 5.6x , and consolidated debt represented 32.7% of total assets.

Q: How large is UDR’s (UDR) multifamily portfolio at the end of Q2 2026?

As of June 30, 2026, UDR owned or held interests in 60,259 apartment homes, including 685 homes under development. The completed portfolio comprised 59,339 homes across 183 communities, with additional land held for future development projects.

Filing Impact

(High)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

UDR, Inc. reported second quarter 2026 results with net income per diluted share of $0.21, up from $0.11 a year earlier, and year-to-date net income per diluted share of $0.79 versus $0.34 in 2025. FFO per diluted share was $0.60 (slightly below $0.61 in 2025) and FFO as Adjusted per diluted share was $0.64, unchanged year over year. Total revenues were $425.4 million, flat year over year. Same-store revenue grew 1.8%, expenses 2.6%, and NOI 1.4%, with same-store physical occupancy at 96.6%.

The company raised full-year 2026 guidance for net income per diluted share to $1.03–$1.11 (midpoint $1.07, up $0.11) and for FFO as Adjusted to $2.49–$2.57 (midpoint $2.53, up $0.01), while modestly narrowing FFO guidance to $2.47–$2.55. Full-year same-store guidance now calls for revenue growth of 0.75%–2.00%, expense growth of 2.75%–3.75%, and NOI growth of 0%–1.25%.

As of June 30, 2026, total indebtedness was $5.8 billion at a 3.4% weighted average interest rate, with $885 million of liquidity and consolidated net debt-to-EBITDAre of 5.6x. UDR commenced a monthly common dividend of $0.145 per share, or $0.435 for the quarter and $1.74 annualized, a 1.2% increase over the comparable 2025 period; the September 2026 dividend will be the company’s 217th consecutive common dividend. UDR owned or had an ownership interest in 60,259 apartment homes, including 685 under development.

Positive

Raised 2026 outlook: Net income guidance increased to $1.03–$1.11 per diluted share and FFO as Adjusted guidance to $2.49–$2.57, while maintaining high same-store occupancy of 96.6% and growing the annualized dividend to $1.74 per share.

Negative

None.

Insights

Analyzing...

8-K Event Classification

5 items: 2.02, 5.0, 5.2, 5.6, 9.01

5 items

Item 2.02 Results of Operations and Financial Condition Financial

Disclosure of earnings results, typically an earnings press release or preliminary financials.

Item 5.0 Item 5.0

Item 5.2 Item 5.2

Item 5.6 Item 5.6

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Net income per diluted share: $0.21 per diluted share FFO per diluted share: $0.60 per diluted share FFO as Adjusted per diluted share: $0.64 per diluted share +5 more

8 metrics

Net income per diluted share $0.21 per diluted share Quarter ended June 30, 2026; compared with $0.11 in Q2 2025

FFO per diluted share $0.60 per diluted share Q2 2026 Funds from Operations; $0.61 in Q2 2025

FFO as Adjusted per diluted share $0.64 per diluted share Q2 2026 FFOA per share; unchanged from Q2 2025

Same-store NOI growth 1.4% Same-Store NOI year-over-year growth, Q2 2026 vs Q2 2025

Total revenues $425,399 thousand Consolidated revenues for the quarter ended June 30, 2026; flat year over year

Total indebtedness $5.8 billion Total company debt as of June 30, 2026 at 3.4% weighted average interest rate

Liquidity $885 million Cash and undrawn credit capacity as of June 30, 2026

Annualized dividend $1.74 per share Based on monthly $0.145 common dividend declared for Q2 2026

Key Terms

Funds from Operations ("FFO"), FFO as Adjusted, Same-Store, EBITDAre, +2 more

6 terms

Funds from Operations ("FFO") financial

"Funds from operations ("FFO") attributable to common stockholders and unitholders"

Funds from operations ("FFO") is a measure used mainly for real estate companies that adjusts accounting profit to better show recurring cash-generating performance. Think of it as a landlord’s report of rent-like income: it adds back non-cash charges such as depreciation and removes one-time gains from property sales so investors can see the steady, repeatable earnings that matter for dividend coverage and valuation.

FFO as Adjusted financial

"FFO as Adjusted attributable to common stockholders and unitholders"

Funds From Operations (FFO) as adjusted is a non-GAAP measure that shows the cash-generating power of a property-owning business after removing accounting items that don’t reflect ongoing operations, such as property depreciation, one-time gains or losses, and other unusual items. Think of it like a homeowner’s monthly rent income after excluding one-off repairs and accounting quirks; investors use it to judge recurring cash flow and dividend sustainability, and to compare operating performance across periods or peers.

Same-Store financial

"Same-Store results for the second quarter 2026 versus the second quarter 2025"

Same-store describes a performance measure that compares sales or activity only at locations open for a defined prior period, excluding results from newly opened or recently closed outlets. Investors use it to see underlying, organic trends—like checking whether an established shop’s customers are buying more or less—so growth isn’t overstated by expansion or distorted by openings and closures.

EBITDAre financial

"Consolidated Net Debt-to-EBITDAre – adjusted for non-recurring items"

EBITDARE is a financial measure that shows a company's earnings before accounting for interest, taxes, depreciation, amortization, and restructuring costs. It helps investors understand how well a business is performing by focusing on its core operations, ignoring one-time or non-operational expenses. Think of it as checking a company's true earning power, similar to assessing a car’s performance by its engine without considering external factors like fuel costs or repairs.

Effective Blended Lease Rate Growth financial

"Effective Blended Lease Rate Growth as the combined proportional growth"

Consolidated Fixed Charge Coverage Ratio financial

"Consolidated Fixed Charge Coverage Ratio - adjusted for non-recurring items"

Earnings Snapshot

Net income per diluted share: $0.21 for Q2 2026; $0.79 year-to-date · Guidance included

quarter and year-to-date periods ended June 30, 2026

Net income per diluted share $0.21 for Q2 2026; $0.79 year-to-date Compared with $0.11 and $0.34 for the same 2025 periods

FFO per diluted share $0.60 for Q2 2026; $1.23 year-to-date Compared with $0.61 and $1.19 for the same 2025 periods

FFO as Adjusted per diluted share $0.64 for Q2 2026; $1.25 year-to-date Unchanged from the corresponding 2025 periods

Same-store NOI growth 1.4% year-over-year in Q2 2026 With same-store revenue up 1.8% and expenses up 2.6% versus Q2 2025

Guidance

For full-year 2026, UDR guides net income per diluted share to $1.03–$1.11 (midpoint $1.07), FFO per diluted share to $2.47–$2.55, and FFO as Adjusted per diluted share to $2.49–$2.57 (midpoint $2.53), with same-store NOI growth expected between 0% and 1.25%.

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Available on EDGAR 07/27/2026 - 04:19 PM Accepted by SEC EDGAR 07/27/2026 - 04:19 PM

FAQ

How did UDR (UDR) perform financially in the second quarter of 2026?

UDR reported net income per diluted share of $0.21 in Q2 2026, up from $0.11 in 2025. FFO per diluted share was $0.60 versus $0.61 a year earlier, and FFO as Adjusted per diluted share was $0.64, unchanged year over year.

What full-year 2026 guidance did UDR (UDR) provide for net income and FFO?

For 2026, UDR now guides net income per diluted share to $1.03–$1.11. FFO per diluted share is guided to $2.47–$2.55, and FFO as Adjusted to $2.49–$2.57, with both revised ranges disclosed in the company’s updated outlook.

How did UDR (UDR) same-store operations trend in Q2 2026?

In Q2 2026, UDR’s same-store portfolio posted 1.8% revenue growth, 2.6% expense growth, and 1.4% NOI growth versus Q2 2025. Weighted average physical occupancy was 96.6%, and blended lease rate growth across the portfolio was 2.1% for the quarter.

What is UDR’s (UDR) dividend rate and history as of Q2 2026?

UDR began paying a monthly dividend of $0.145 per share in July 2026, totaling $0.435 for Q2 and $1.74 annualized. This reflects a 1.2% increase over the comparable 2025 period, and September 2026 will mark the 217th consecutive common dividend.

What does UDR’s (UDR) balance sheet look like as of June 30, 2026?

As of June 30, 2026, UDR had $5.8 billion of total indebtedness at a 3.4% weighted average interest rate and about $885 million of liquidity. Consolidated net debt-to-EBITDAre, adjusted for non-recurring items, was 5.6x, and consolidated debt represented 32.7% of total assets.

How large is UDR’s (UDR) multifamily portfolio at the end of Q2 2026?

As of June 30, 2026, UDR owned or held interests in 60,259 apartment homes, including 685 homes under development. The completed portfolio comprised 59,339 homes across 183 communities, with additional land held for future development projects.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): July 27, 2026

UDR, Inc.

(Exact name of registrant as specified in its charter)


Maryland	1-10524	54-0857512
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	Identification No.)

1745 Shea Center Drive, Suite 200, Highlands Ranch, Colorado		80129
(Address of principal executive offices)		(Zip Code)

Registrant’s telephone number, including area code: (720) 283-6120

Not Applicable

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:


Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, par value $0.01	UDR	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging Growth Company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition.

On July 27, 2026, UDR, Inc. (the “Company”) issued a press release announcing its financial results for the quarter ended June 30, 2026. This press release is furnished as Exhibit 99.1 to this Report and refers to supplemental financial information that is available on the Company’s website and furnished as Exhibit 99.2 to this Report. This information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities under that Section. Furthermore, the information contained in Exhibits 99.1 and 99.2 shall not be deemed to be incorporated by reference into any filing of the Company, whether made before or after the date hereof, regardless of any general incorporation language in such filing.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits.


Ex. No.		Description
99.1		Earnings press release dated July 27, 2026.
99.2		Supplemental Financial Information dated July 27, 2026.
104		Cover Page Interactive Data File – The cover page XBRL tags are embedded within the Inline XBRL document

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


	UDR, Inc.

July 27, 2026	By:	/s/ David D. Bragg
		David D. Bragg
		Senior Vice President and Chief Financial Officer
		(Principal Financial Officer)


				Exhibit 99.1
Press Release
DENVER, CO – July 27, 2026				Contact: Trent Trujillo
				Email: ttrujillo@udr.com

UDR, INC. ANNOUNCES SECOND QUARTER 2026 RESULTS

AND RAISES FULL-YEAR 2026 GUIDANCE RANGES

UDR, Inc. (the “Company”) (NYSE: UDR), announced today its second quarter 2026 results. Net Income, Funds from Operations (“FFO”), and FFO as Adjusted (“FFOA”) per diluted share for the quarter and year-to-date periods ended June 30, 2026, are detailed below.

Metric	Quarter Ended June 30		Year-to-Date Ended June 30
Metric		2026	2025	2026	2025
Net Income per diluted share	$0.21	$0.11	$0.79	$0.34
FFO per diluted share	$0.60	$0.61	$1.23	$1.19
FFOA per diluted share	$0.64	$0.64	$1.25	$1.25

Same-Store (“SS”) results for the second quarter 2026 versus the second quarter 2025 and the first quarter 2026 as well as year-to-date 2026 versus year-to-date 2025 are summarized below.


SS Growth / (Decline)	Year-Over-Year (“YOY”): 2Q 2026 vs. 2Q 2025	Sequential: 2Q 2026 vs. 1Q 2026	Year-to-Date (YTD) YOY: 2026 vs. 2025
Revenue	1.8%	1.4%	1.3%
Expense	2.6%	(3.9)%	3.5%
Net Operating Income (“NOI”)	1.4%	4.0%	0.3%

“Leasing strength in 2026 is tracking ahead of our initial expectations, resulting in second quarter results that exceeded our prior guidance. As a result, we have raised our full-year guidance ranges for Same-Store growth and FFOA per diluted share,” said Tom Toomey, UDR’s Chairman, President, and CEO. “The resiliency of the economy, waning supply, and attractive relative affordability of apartments position UDR for continued success. Following 50+ years of dividend growth and stability totaling $9 billion of payments, we look forward to paying our first monthly dividend this week.”

Outlook⁽¹⁾

As shown in the table below, the Company has established the following guidance ranges for the third quarter of 2026, raised its previously provided full-year 2026 guidance ranges for Net Income, FFOA per diluted share, and Same-Store Growth, and updated its previously provided full-year 2026 guidance range for FFO per diluted share.


Metric, per diluted share	2Q 2026 Actual	YTD 2026 Actual	3Q 2026 Outlook	Prior Full-Year 2026 Outlook	Updated Full-Year 2026 Outlook	Full-Year 2026 Midpoint (Change)
Net Income	$0.21	$0.79	$0.13 to $0.15	$0.91 to $1.01	$1.03 to $1.11	$1.07 (+$0.11)
FFO	$0.60	$1.23	$0.63 to $0.65	$2.48 to $2.58	$2.47 to $2.55	$2.51 (-$0.02)
FFOA	$0.64	$1.25	$0.63 to $0.65	$2.47 to $2.57	$2.49 to $2.57	$2.53 (+$0.01)
YOY Growth:
SS Revenue	1.8%	1.3%	N/A	0.25% to 2.25%	0.75% to 2.00%	1.375% (+12.5bps)
SS Expense	2.6%	3.5%	N/A	3.00% to 4.50%	2.75% to 3.75%	3.25% (-50bps)
SS NOI	1.4%	0.3%	N/A	(1.00)% to 1.25%	0.00% to 1.25%	0.625% (+50bps)

⁽¹⁾

Additional assumptions for the Company’s third quarter and full-year 2026 outlook can be found on Attachment 13 of the Company’s related quarterly Supplemental Financial Information (“Supplement”). A reconciliation of GAAP Net Income per diluted share to FFO per diluted share and FFOA per diluted share can be found on Attachment 14(D) of the Company’s related quarterly Supplement. Non-GAAP financial measures and other terms, as used in this earnings release, are defined and further explained on Attachments 14(A) through 14(D), “Definitions and Reconciliations,” of the Company’s related quarterly Supplement.

Capital Allocation Activity

Leveraging the Company’s collaborative and data-driven approach to capital allocation, during the quarter and subsequent to quarter-end, the Company,

●

As previously reported, expanded its share repurchase program to approximately 30 million shares and repurchased approximately 5.5 million shares of its common stock at a weighted average share price of $36.49 for total consideration of approximately $200.3 million. Following this share repurchase activity, the Company has approximately 25.5 million shares remaining for repurchase under its program. Since recommencing share repurchases in September 2025, the Company has repurchased approximately 11.5 million shares of its common stock at a weighted average share price of $36.32 for total consideration of approximately $418.0 million.

●

Sold a 206-apartment home community in Nashville, TN, that was originally constructed in 1977 for gross proceeds of $41.5 million. Additionally, the Company is under contract to sell three apartment communities with a combined 808 apartment homes for gross proceeds totaling approximately $252.5 million. These transactions are expected to close in the third and fourth quarters of 2026. Should these pending sales close as anticipated, the Company’s 2026 disposition activity would total approximately $656.0 million.

●

Acquired three apartment home communities with a combined 584 apartment homes upon the liquidation of the Company’s interests in previous Debt and Preferred Equity joint ventures; two of these communities are located in Portland, OR, and a third is located in Los Angeles, CA.

●

Commenced development of 4848 at Alex West, a 385-apartment home community in Northern Virginia, with an expected total development cost of $181.3 million, or $471,000 per apartment home. This second phase development is located adjacent to an existing UDR apartment community, which the Company expects should drive unique operating efficiencies.

●

Formed a joint venture with a new partner in conjunction with MetLife’s sale of its 50 percent joint venture interest in Columbus Square, an assemblage of apartment communities in New York, NY, totaling 710 apartment homes. UDR’s 50% joint venture interest in Columbus Square is unchanged, as are its joint venture economics. Concurrent with the transaction, the Company fully funded a $50.0 million mezzanine loan investment to the new joint venture partner at an effective return rate of 8.0 percent.

Operating Results

In the second quarter, total revenue was flat YOY, as revenue increases attributable to growth from Same-Store and acquired communities was offset by the removal of revenue from properties that were sold.

“Second quarter Same-Store revenue, expense, and NOI growth exceeded our expectations, driven by blended lease rate growth above the high-end of our previously provided guidance range of 1.5 percent to 2.0 percent, occupancy remaining in the mid-96 percent range with annualized resident retention achieving a seasonally adjusted all-time high of 60 percent, and mid-single-digit year-over-year innovation income growth,” said Mike Lacy, UDR’s Chief Operating Officer.

In the tables below, the Company has presented YOY, sequential, and YTD Same-Store results by region.

Summary of Same-Store Results in the Second Quarter 2026 versus the Second Quarter 2025

				⁽¹⁾
Region	Revenue Growth / (Decline)	Expense Growth / (Decline)	NOI Growth / (Decline)	% of Same-Store Portfolio⁽¹⁾	Physical Occupancy⁽²⁾	YOY Change in Occupancy
West	3.7%	3.7%	3.7%	32.4%	96.8%	(0.2)%
Northeast	3.0%	2.3%	3.4%	20.2%	97.0%	(0.2)%
Mid-Atlantic	1.6%	3.5%	0.6%	19.0%	96.6%	(0.3)%
Southeast	(1.0)%	1.0%	(2.0)%	12.5%	96.3%	(0.1)%
Southwest	(1.0)%	1.1%	(2.2)%	10.9%	96.7%	(0.3)%
Other Markets	0.2%	4.7%	(1.4)%	5.0%	96.1%	(0.5)%
Total / Weighted Average	1.8%	2.6%	1.4%	100.0%	96.6%	(0.2)%

⁽¹⁾	Based on 2Q 2026 Same-Store NOI. For definitions of terms, please refer to the “Definitions and Reconciliations” section of the Company’s related quarterly Supplement.

⁽²⁾	Weighted average Same-Store physical occupancy for the quarter.

Summary of Same-Store Results in the Second Quarter 2026 versus the First Quarter 2026

				⁽¹⁾
Region	Revenue Growth / (Decline)	Expense Growth / (Decline)	NOI Growth / (Decline)	% of Same-Store Portfolio⁽¹⁾	Physical Occupancy⁽²⁾	Sequential Change in Occupancy
West	1.7%	(8.4)%	5.7%	32.4%	96.8%	(0.1)%
Northeast	1.8%	(4.8)%	5.7%	20.2%	97.0%	0.2%
Mid-Atlantic	1.2%	(1.6)%	2.6%	19.0%	96.6%	0.3%
Southeast	0.8%	(1.3)%	1.9%	12.5%	96.3%	0.1%
Southwest	0.8%	(0.4)%	1.5%	10.9%	96.7%	(0.2)%
Other Markets	1.8%	(0.8)%	2.9%	5.0%	96.1%	0.3%
Total / Weighted Average	1.4%	(3.9)%	4.0%	100.0%	96.6%	0.0%

⁽¹⁾	Based on 2Q 2026 Same-Store NOI. For definitions of terms, please refer to the “Definitions and Reconciliations” section of the Company’s related quarterly Supplement.

⁽²⁾	Weighted average Same-Store physical occupancy for the quarter.

Summary of Same-Store Results for YTD 2026 versus YTD 2025

				⁽¹⁾
Region	Revenue Growth / (Decline)	Expense Growth / (Decline)	NOI Growth / (Decline)	% of Same-Store Portfolio⁽¹⁾	Physical Occupancy⁽²⁾	YTD YOY Change in Occupancy
West	3.2%	5.8%	2.2%	32.3%	96.8%	(0.3)%
Northeast	2.5%	3.5%	2.0%	20.1%	96.9%	(0.4)%
Mid-Atlantic	1.1%	4.2%	(0.4)%	19.1%	96.4%	(0.8)%
Southeast	(1.4)%	1.8%	(2.9)%	12.6%	96.3%	(0.4)%
Southwest	(1.4)%	0.1%	(2.3)%	10.8%	96.8%	(0.4)%
Other Markets	(0.1)%	3.9%	(1.6)%	5.1%	96.0%	(0.5)%
Total / Weighted Average	1.3%	3.5%	0.3%	100.0%	96.6%	(0.5)%

⁽¹⁾	Based on YTD 2026 Same-Store NOI. For definitions of terms, please refer to the “Definitions and Reconciliations” section of the Company’s related quarterly Supplement.

⁽²⁾	Weighted average Same-Store physical occupancy for YTD 2026.

Balance Sheet Update

The Company’s total indebtedness as of June 30, 2026, was $5.8 billion at a weighted average interest rate of 3.4 percent, with $328.4 million, or 6.2 percent of total consolidated debt, maturing through the rest of 2026, including principal amortization and excluding amounts on the Company’s line of credit, commercial paper program, and working capital credit facility. As of June 30, 2026, the Company had approximately $885 million in liquidity through a combination of cash and undrawn capacity on its credit facilities. Please see Attachment 13 of the Company’s related quarterly Supplement for additional details regarding investment guidance.

In the table below, the Company has presented select balance sheet metrics for the quarter ended June 30, 2026, and the comparable prior year period.


	Quarter Ended June 30
Balance Sheet Metric	2Q 2026	2Q 2025	Change
Weighted Average Interest Rate	3.4%	3.4%	-
Weighted Average Years to Maturity	3.9	4.7	(0.8)
Consolidated Fixed Charge Coverage Ratio	5.0x	5.1x	(0.1)x
Consolidated Debt as a percentage of Total Assets	32.7%	32.4%	0.3%
Consolidated Net Debt-to-EBITDAre – adjusted for non-recurring items⁽¹⁾	5.6x	5.5x	0.1x

(1)

A reconciliation of GAAP Net Income per share to EBITDAre - adjusted for non-recurring items and GAAP Total Debt to Net Debt can be found on Attachment 4(C) of the Company’s related quarterly Supplement.

Dividend

As previously announced, the Company commenced a monthly common stock dividend beginning in July 2026 and the Company’s Board of Directors declared dividends on its common stock for the second quarter of 2026 in the amount of $0.145 per share per month, payable in cash on the payment dates set forth in the table below to UDR shareholders of record as of the close of business on the corresponding record date in the table below. The dividends declared for the second quarter 2026 amount to $0.435 per share, representing a 1.2 percent increase over the comparable period in 2025, and reflects an annualized dividend amount of $1.74 per share of common stock. The September 2026 dividend will represent the 217^th consecutive dividend paid by the Company on its common stock.


Record Date	Payment Date	Amount
July 17, 2026	July 31, 2026	$0.145 per common share
August 17, 2026	August 31, 2026	$0.145 per common share
September 15, 2026	September 30, 2026	$0.145 per common share
Total Dividends for 2Q 2026	-	$0.435 per common share

Corporate Responsibility

During the quarter, the Company was named a National Top Workplaces winner in the Real Estate Industry for the third consecutive year. This distinction reflects the Company’s ongoing commitment to fostering an innovative culture and engaging associate experience.

Supplemental Financial Information

The Company offers Supplemental Financial Information that provides details on the financial position and operating results of the Company which is available on the Investor Relations section of the Company's website at ir.udr.com.

Conference Call and Webcast Information

UDR will host a webcast and conference call at 12:00 p.m. Eastern Time on July 28, 2026, to discuss second quarter 2026 results as well as high-level views for 2026. The webcast will be available on the Investor Relations section of the Company’s website at ir.udr.com. To listen to a live broadcast, access the site at least 15 minutes prior to the scheduled start time in order to register, download and install any necessary audio software. To participate in the teleconference dial 877-423-9813 for domestic and 201-689-8573 for international. A passcode is not necessary.

Given a high volume of conference calls occurring during this time of year, delays are anticipated when connecting to the live call. As a result, stakeholders and interested parties are encouraged to utilize the Company’s webcast link for its earnings results discussion.

A replay of the conference call will be available through August 4, 2026, by dialing 844-512-2921 for domestic and 412-317-6671 for international and entering the confirmation number, 13761681, when prompted for the passcode. A replay of the call will also be available on the Investor Relations section of the Company’s website at ir.udr.com.

Full Text of the Earnings Report and Supplemental Data

The full text of the earnings report and related quarterly Supplement will be available on the Investor Relations section of the Company’s website at ir.udr.com.

Forward-Looking Statements

Certain statements made in this press release may constitute “forward-looking statements.” Words such as “expects,” “intends,” “believes,” “anticipates,” “plans,” “likely,” “will,” “seeks,” “outlook,” “guidance,” “estimates” and variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements, by their nature, involve estimates, projections, goals, forecasts and assumptions and are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in a forward-looking statement, due to a number of factors, which include, but are not limited to, general market and economic conditions, unfavorable changes in the apartment market and economic conditions that could adversely affect occupancy levels and rental rates, the impact of inflation/deflation on rental rates and property operating expenses, the availability of capital and the stability of the capital markets, the impact of tariffs, geopolitical tensions, conflicts and wars, government shutdowns, and changes in immigration, elevated interest rates, the impact of competition and competitive pricing, acquisitions, developments and redevelopments not achieving anticipated results, delays in completing developments, redevelopments and lease-ups on schedule or at expected rent and occupancy levels, changes in job growth, home affordability and demand/supply ratio for multifamily housing, development and construction risks that may impact profitability, risks that joint ventures with third parties and Debt and Preferred Equity Program investments do not perform as expected, the failure of automation or technology to help grow net operating income, and other risk factors discussed in documents filed by the Company with the SEC from time to time, including the Company's Annual Report on Form 10-K and the Company's Quarterly Reports on Form 10-Q. Actual results may differ materially from those described in the forward-looking statements. These forward-looking statements and such risks, uncertainties and other factors speak only as of the date of this press release, and the Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein, to reflect any change in the Company's expectations with regard thereto, or any other change in events, conditions or circumstances on which any such statement is based, except to the extent otherwise required under the U.S. securities laws.

About UDR, Inc.

UDR, Inc. (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted U.S. markets. As of June 30, 2026, UDR owned or had an ownership position in 60,259 apartment homes, including 685 apartment homes under development. For over 54 years, UDR has delivered long-term value to shareholders, the best standard of service to Residents, and the highest quality experience for Associates.

Exhibit 99.2

Financial Highlights

UDR, Inc.

As of End of Second Quarter 2026

(Unaudited) (1)


	Actual Results	Actual Results	Guidance for
Dollars in thousands, except per share and unit	2Q 2026	YTD 2026	3Q 2026	Full-Year 2026

GAAP Metrics
Net income/(loss) attributable to UDR, Inc.	$69,035	$258,866	--	--
Net income/(loss) attributable to common stockholders	$67,810	$256,421	--	--
Income/(loss) per weighted average common share, diluted	$0.21	$0.79	$0.13 to $0.15	$1.03 to $1.11

Per Share Metrics
FFO per common share and unit, diluted	$0.60	$1.23	$0.63 to $0.65	$2.47 to $2.55
FFO as Adjusted per common share and unit, diluted	$0.64	$1.25	$0.63 to $0.65	$2.49 to $2.57
Dividend declared per share and unit	$0.435	$0.87	$0.435	$1.74 (2)

Same-Store Operating Metrics
Revenue growth/(decline) (Straight-line basis)	1.8%	1.3%	--	0.75% to 2.00%
Expense growth	2.6%	3.5%	--	2.75% to 3.75%
NOI growth/(decline) (Straight-line basis)	1.4%	0.3%	--	0% to 1.25%
Physical Occupancy	96.6%	96.6%	--	--


Property Metrics	Homes	Communities	% of Total NOI
Same-Store	52,426	156	90.5%
Stabilized, Non-Mature	1,214	3	1.8%
Acquired Communities	298	2	0.3%
Non-Residential / Other	N/A	N/A	1.6%
Joint Venture (3)	5,401	22	5.8%
Total completed	59,339	183	100.0%
Held for Disposition	235	1	-
Under Development	685	2	-
Total Quarter-end (3)(4)	60,259	186	100.0%


Balance Sheet Metrics (adjusted for non-recurring items)	2Q 2026	2Q 2025
Consolidated Interest Coverage Ratio	5.2x	5.2x
Consolidated Fixed Charge Coverage Ratio	5.0x	5.1x
Consolidated Debt as a percentage of Total Assets	32.7%	32.4%
Consolidated Net Debt-to-EBITDAre - adjusted for non-recurring items	5.6x	5.5x

(1)	See Attachment 14 for definitions, other terms and reconciliations.

(2)	Annualized for 2026.

(3)	Joint venture NOI is based on UDR's share. Homes and communities at 100%.

(4)	Excludes homes that are part of the Debt and Preferred Equity Program as described in Attachment 10.

Attachment 1

Consolidated Statements of Operations

(Unaudited) (1)

Three Months Ended

Six Months Ended

June 30,

In thousands, except per share amounts

2026

 

2025

 

2026

 

2025

REVENUES:

Rental income

422,933

423,001

846,254

842,837

Joint venture management and other fees

2,466

2,398

4,994

4,510

Total revenues

425,399

425,399

851,248

847,347

OPERATING EXPENSES:

Property operating and maintenance

76,331

75,613

157,063

151,603

Real estate taxes and insurance

56,846

57,008

116,705

115,753

Property management

13,745

13,747

27,503

27,392

Other operating expenses

12,966

7,753

22,381

15,812

Real estate depreciation and amortization

160,120

163,191

321,388

324,585

General and administrative

18,714

19,929

38,078

39,424

Casualty-related charges/(recoveries), net

3,073

3,382

8,802

6,679

Other depreciation and amortization

3,451

7,387

6,786

14,454

Total operating expenses

345,246

348,010

698,706

695,702

Gain/(loss) on sale of real estate owned

35,704

193,120

47,939

Operating income

115,857

77,389

345,662

199,584

Income/(loss) from unconsolidated entities

3,271

3,629

22,967

9,443

Interest expense

(47,640)

(48,665)

(96,216)

(96,366)

Interest income and other income/(expense), net

2,596

8,134

5,030

10,055

Income/(loss) before income taxes

74,084

40,487

277,443

122,716

Tax (provision)/benefit, net

(429)

(258)

(884)

(416)

Net Income/(loss)

73,655

40,229

276,559

122,300

Net (income)/loss attributable to redeemable noncontrolling interests in the OP and DownREIT Partnership

(4,609)

(2,545)

(17,670)

(7,884)

Net (income)/loss attributable to noncontrolling interests

(11)

(11)

(23)

(23)

Net income/(loss) attributable to UDR, Inc.

69,035

37,673

258,866

114,393

Distributions to preferred stockholders - Series E (Convertible)

(1,225)

(1,211)

(2,445)

(2,417)

Net income/(loss) attributable to common stockholders

67,810

36,462

256,421

111,976

Income/(loss) per weighted average common share - basic:

$0.21

$0.11

$0.79

$0.34

Income/(loss) per weighted average common share - diluted:

$0.21

$0.11

$0.79

$0.34

Common distributions declared per share

$0.435

$0.43

$0.87

$0.86

Weighted average number of common shares outstanding - basic

322,958

330,778

325,117

330,703

Weighted average number of common shares outstanding - diluted

323,287

331,715

325,387

331,717

(1)	See Attachment 14 for definitions and other terms.

Attachment 2

Funds From Operations

(Unaudited) (1)


	Three Months Ended						Six Months Ended
	June 30,						June 30,
In thousands, except per share and unit amounts	2026			2025				2026		2025

Net income/(loss) attributable to common stockholders	$	67,810		$	36,462		$	256,421		$	111,976

Real estate depreciation and amortization		160,120			163,191			321,388			324,585
Noncontrolling interests		4,620			2,556			17,693			7,907
Real estate depreciation and amortization on unconsolidated joint ventures		10,857			13,458			26,338			26,224
Net (gain)/loss on consolidation		(275)			(286)			(275)			(286)
Net (gain)/loss on the sale of depreciable real estate owned, net of tax		(35,674)			-			(193,090)			(47,939)
Funds from operations ("FFO") attributable to common stockholders and unitholders, basic	$	207,458		$	215,381		$	428,475		$	422,467

Distributions to preferred stockholders - Series E (Convertible) (2)		1,225			1,211			2,445			2,417

FFO attributable to common stockholders and unitholders, diluted	$	208,683		$	216,592		$	430,920		$	424,884

FFO per weighted average common share and unit, basic	$	0.60		$	0.61		$	1.23		$	1.19
FFO per weighted average common share and unit, diluted	$	0.60		$	0.61		$	1.23		$	1.19

Weighted average number of common shares and OP/DownREIT Units outstanding, basic		345,147			353,617			347,566			353,572
Weighted average number of common shares, OP/DownREIT Units, and common stock
equivalents outstanding, diluted		348,292			357,370			350,652			357,402

Impact of adjustments to FFO:
Legal and other costs	$	8,418		$	3,358		$	13,601		$	7,163
Realized and unrealized (gain)/loss on real estate technology investments, net of tax		1,277			220			(14,157)			431
Severance costs		532			1,024			532			1,523
Software transition related costs		-			2,967			-			5,934
Casualty-related charges/(recoveries)		3,073			3,382			8,802			6,679
Total impact of adjustments to FFO	$	13,300		$	10,951		$	8,778		$	21,730

FFO as Adjusted attributable to common stockholders and unitholders, diluted	$	221,983		$	227,543		$	439,698		$	446,614

FFO as Adjusted per weighted average common share and unit, diluted	$	0.64		$	0.64		$	1.25		$	1.25

Recurring capital expenditures, inclusive of unconsolidated joint ventures		(28,465)			(29,201)			(49,165)			(47,606)
AFFO attributable to common stockholders and unitholders, diluted	$	193,518		$	198,342		$	390,533		$	399,008

AFFO per weighted average common share and unit, diluted	$	0.56		$	0.56		$	1.11		$	1.12

(1)	See Attachment 14 for definitions and other terms.

(2)

Series E cumulative convertible preferred shares are dilutive for purposes of calculating FFO per share for the three and six months ended June 30, 2026 and June 30, 2025. Consequently, distributions to Series E cumulative convertible preferred stockholders are added to FFO and the weighted average number of Series E cumulative convertible preferred shares are included in the denominator when calculating FFO per common share and unit, diluted.

Attachment 3

Consolidated Balance Sheets

(Unaudited) (1)


	June 30,		December 31,
In thousands, except share and per share amounts	2026		2025

ASSETS

Real estate owned:
Real estate held for investment	$	16,114,220	$	16,415,000
Less: accumulated depreciation		(7,439,163)		(7,374,546)
Real estate held for investment, net		8,675,057		9,040,454
Real estate under development
(net of accumulated depreciation of $0 and $0)		147,617		72,885
Real estate held for disposition
(net of accumulated depreciation of $79,664 and $0)		54,384		-
Total real estate owned, net of accumulated depreciation		8,877,058		9,113,339

Cash and cash equivalents		1,193		1,222
Restricted cash		34,936		35,710
Notes receivable, net		171,667		149,979
Investment in and advances to unconsolidated joint ventures, net		728,837		886,492
Operating lease right-of-use assets		185,647		187,624
Other assets		266,010		231,308
Total assets	$	10,265,348	$	10,605,674

LIABILITIES AND EQUITY

Liabilities:
Secured debt	$	933,063	$	961,180
Unsecured debt		4,880,769		4,860,189
Operating lease liabilities		181,016		182,963
Real estate taxes payable		41,847		45,640
Accrued interest payable		51,419		51,698
Security deposits and prepaid rent		58,473		61,205
Distributions payable		150,913		151,934
Accounts payable, accrued expenses, and other liabilities		128,549		142,102
Total liabilities		6,426,049		6,456,911

Redeemable noncontrolling interests in the OP and DownREIT Partnership		900,280		859,966

Equity:
Preferred stock, no par value; 50,000,000 shares authorized at June 30, 2026 and December 31, 2025:
2,600,678 shares of 8.00% Series E Cumulative Convertible issued
and outstanding (2,600,678 shares at December 31, 2025)		43,192		43,192
9,778,769 shares of Series F outstanding (10,105,845 shares at December 31, 2025)		1		1
Common stock, $0.01 par value; 450,000,000 shares authorized at June 30, 2026 and December 31, 2025:
321,266,356 shares issued and outstanding (328,273,044 shares at December 31, 2025)		3,213		3,283
Additional paid-in capital		7,216,484		7,480,594
Distributions in excess of net income		(4,327,138)		(4,240,268)
Accumulated other comprehensive income/(loss), net		2,931		1,660
Total stockholders' equity		2,938,683		3,288,462
Noncontrolling interests		336		335
Total equity		2,939,019		3,288,797
Total liabilities and equity	$	10,265,348	$	10,605,674

(1)	See Attachment 14 for definitions and other terms.

Attachment 4(A)

Selected Financial Information

(Unaudited) (1)


	June 30,	December 31,
Common Stock and Equivalents	2026	2025

Common shares	321,266,356	328,273,044
Restricted unit and common stock equivalents	121,418	158,633
Operating and DownREIT Partnership units	21,983,169	22,531,708
Series E cumulative convertible preferred shares (2)	2,815,608	2,815,608
Total common shares, OP/DownREIT units, and common stock equivalents	346,186,551	353,778,993




Weighted Average Number of Shares Outstanding	2Q 2026	2Q 2025

Weighted average number of common shares and OP/DownREIT units outstanding - basic	345,147,319	353,616,958
Weighted average number of OP/DownREIT units outstanding	(22,189,639)	(22,838,737)
Weighted average number of common shares outstanding - basic per the Consolidated Statements of Operations	322,957,680	330,778,221

Weighted average number of common shares, OP/DownREIT units, and common stock equivalents outstanding - diluted	348,291,597	357,369,234
Weighted average number of OP/DownREIT units outstanding	(22,189,639)	(22,838,737)
Weighted average number of Series E cumulative convertible preferred shares outstanding	(2,815,608)	(2,815,608)
Weighted average number of common shares outstanding - diluted per the Consolidated Statements of Operations	323,286,350	331,714,889


	Year-to-Date 2026	Year-to-Date 2025

Weighted average number of common shares and OP/DownREIT units outstanding - basic	347,566,056	353,572,418
Weighted average number of OP/DownREIT units outstanding	(22,448,767)	(22,868,799)
Weighted average number of common shares outstanding - basic per the Consolidated Statements of Operations	325,117,289	330,703,619

Weighted average number of common shares, OP/DownREIT units, and common stock equivalents outstanding - diluted	350,651,049	357,400,910
Weighted average number of OP/DownREIT units outstanding	(22,448,767)	(22,868,799)
Weighted average number of Series E cumulative convertible preferred shares outstanding	(2,815,608)	(2,815,608)
Weighted average number of common shares outstanding - diluted per the Consolidated Statements of Operations	325,386,674	331,716,503

(1)	See Attachment 14 for definitions and other terms.

(2)	At June 30, 2026 and December 31, 2025 there were 2,600,678 of Series E cumulative convertible preferred shares outstanding, which is equivalent to 2,815,608 shares of common stock if converted (after adjusting for the special dividend paid in 2008).

Attachment 4(B)

Selected Financial Information

June 30, 2026

(Unaudited) (1)


										Weighted	Weighted
										Average	Average Years
Debt Structure, In thousands					Balance				% of Total	Interest Rate	to Maturity

Secured		Fixed			$	909,154			15.6%	3.46%	3.2
		Floating				27,000			0.5%	2.56%	5.7
		Combined				936,154			16.1%	3.43%	3.3

Unsecured		Fixed				4,225,000	(2)		72.5%	3.15%	4.5
		Floating				665,968			11.4%	4.14%	0.7
		Combined				4,890,968			83.9%	3.29%	4.0

Total Debt		Fixed				5,134,154			88.1%	3.21%	4.3
		Floating				692,968			11.9%	4.07%	0.9
		Combined				5,827,122			100.0%	3.31%	3.9
		Total Non-Cash Adjustments (3)				(13,290)
		Total per Balance Sheet			$	5,813,832				3.38%



Debt Maturities, In thousands
					Revolving Credit						Weighted
			Unsecured		Facilities & Comm.						Average
	Secured Debt (4)		Debt		Paper (5) (6) (7)			Balance		% of Total	Interest Rate

2026	$	28,351	$	300,000	$	480,000		$	808,351	13.9%	3.59%
2027		6,939		300,000		10,968			317,907	5.4%	3.54%
2028		166,526		300,000		-			466,526	8.0%	3.72%
2029		315,811		650,000		-			965,811	16.6%	4.05%
2030		230,597		600,000		-			830,597	14.2%	3.34%
2031		160,930		600,000		-			760,930	13.1%	2.92%
2032		27,000		400,000		-			427,000	7.3%	2.13%
2033		-		650,000		-			650,000	11.2%	1.99%
2034		-		600,000		-			600,000	10.3%	4.04%
2035		-		-		-			-	-	-
Thereafter		-		-		-			-	-	-
		936,154		4,400,000		490,968			5,827,122	100.0%	3.31%
Total Non-Cash Adjustments (3)		(3,091)		(10,199)		-			(13,290)
Total per Balance Sheet	$	933,063	$	4,389,801	$	490,968		$	5,813,832		3.38%

(1)	See Attachment 14 for definitions and other terms.

(2)

Includes amounts on our $350.0 million unsecured Term Loan that have been swapped to fixed. The amounts swapped to fixed are $175.0 million at a weighted average rate of 4.04% that expires in October 2027. The amounts that have not been swapped to fixed carry an interest rate of SOFR plus 85.0 basis points. The $350.0 million Term Loan has a maturity date of January 2029 plus two one-year extension options.

(3)	Includes the unamortized balance of fair market value adjustments, premiums/discounts and deferred financing costs.

(4)	Includes principal amortization, as applicable.

(5)

The 2026 maturity reflects the $480.0 million of principal outstanding at an interest rate of 4.01%, the equivalent of SOFR plus a spread of 36.0 basis points, on the Company’s unsecured commercial paper program as of June 30, 2026. Under the terms of the program the Company may issue up to a maximum aggregate amount outstanding of $700.0 million.

(6)	There were no borrowings outstanding on our $1.3 billion line of credit at June 30, 2026. The facility has a maturity date of August 2028, plus two six-month extension options and currently carries an interest rate equal to SOFR plus 77.5 basis points.

(7)

There was $11.0 million outstanding on our $75.0 million working capital credit facility at June 30, 2026. The facility has a maturity date of January 2027 plus two one-year extension options. The working capital credit facility currently carries an interest rate equal to SOFR plus 77.5 basis points.

Attachment 4(C)

Selected Financial Information

(Dollars in Thousands)

(Unaudited) (1)

Quarter Ended

Coverage Ratios

June 30, 2026

Net income/(loss)

73,655

Adjustments:

Interest expense, including debt extinguishment and other associated costs

47,640

Real estate depreciation and amortization

160,120

Other depreciation and amortization

3,451

Tax provision/(benefit), net

429

Net (gain)/loss on the sale of depreciable real estate owned

(35,704)

Net (gain)/loss on consolidation

(275)

Adjustments to reflect the Company's share of EBITDAre of unconsolidated joint ventures

17,089

EBITDAre

266,405

Casualty-related charges/(recoveries), net

3,073

Legal and other costs

8,418

Realized and unrealized (gain)/loss on real estate technology investments

413

Severance costs

532

(Income)/loss from unconsolidated entities

(3,271)

Adjustments to reflect the Company's share of EBITDAre of unconsolidated joint ventures

(17,089)

Management fee expense on unconsolidated joint ventures

(1,055)

Consolidated EBITDAre - adjusted for non-recurring items

257,426

Annualized consolidated EBITDAre - adjusted for non-recurring items

1,029,704

Interest expense, including debt extinguishment and other associated costs

47,640

Capitalized interest expense

2,323

Total interest

49,963

Preferred dividends

1,225

Total debt

5,813,832

Cash

(1,193)

Net debt

5,812,639

Consolidated Interest Coverage Ratio - adjusted for non-recurring items

5.2x

Consolidated Fixed Charge Coverage Ratio - adjusted for non-recurring items

5.0x

Consolidated Net Debt-to-EBITDAre - adjusted for non-recurring items

5.6x

Debt Covenant Overview

Unsecured Line of Credit Covenants (2)

Required

Actual

Compliance

Maximum Leverage Ratio

≤60.0%

31.6% (2)

Yes

Minimum Fixed Charge Coverage Ratio

≥1.5x

4.7x

Yes

Maximum Secured Debt Ratio

≤40.0%

8.7%

Yes

Minimum Unencumbered Pool Leverage Ratio

≥150.0%

363.5%

Yes

Senior Unsecured Note Covenants (3)

Required

Actual

Compliance

Debt as a percentage of Total Assets

≤65.0%

32.7% (3)

Yes

Consolidated Income Available for Debt Service to Annual Service Charge

≥1.5x

5.6x

Yes

Secured Debt as a percentage of Total Assets

≤40.0%

5.2%

Yes

Total Unencumbered Assets to Unsecured Debt

≥150.0%

315.2%

Yes

Securities Ratings

Debt

Outlook

Commercial Paper

Moody's Investors Service

Baa1

Stable

P-2

S&P Global Ratings

BBB+

Stable

A-2

Gross

% of

Number of

2Q 2026 NOI (1)

Carrying Value

Total Gross

Asset Summary

Homes

($000s)

% of NOI

($000s)

Carrying Value

Unencumbered assets

46,843

260,311

89.8%

14,760,202

90.0%

Encumbered assets

7,330

29,445

10.2%

1,635,683

10.0%

54,173

289,756

100.0%

16,395,885

100.0%

(1)	See Attachment 14 for definitions and other terms.

(2)	As defined in our credit agreement dated September 15, 2021, as amended.

(3)	As defined in our indenture dated November 1, 1995 as amended, supplemented or modified from time to time.

Attachment 5

Operating Information

(Unaudited) (1)


	Total	Quarter Ended		Quarter Ended		Quarter Ended		Quarter Ended		Quarter Ended
Dollars in thousands	Homes	June 30, 2026		March 31, 2026		December 31, 2025		September 30, 2025		June 30, 2025
Revenues
Same-Store Communities	52,426	$	401,686	$	396,174	$	397,809	$	398,779	$	394,711
Stabilized, Non-Mature Communities	1,214		8,550		8,566		6,973		5,510		3,824
Acquired Communities	298		1,366		-		-		-		-
Development Communities	-		2		-		-		-		-
Non-Residential / Other	-		7,362		7,177		7,350		7,500		6,963
Total	53,938	$	418,966	$	411,917	$	412,132	$	411,789	$	405,498

Expenses
Same-Store Communities		$	126,073	$	131,132	$	124,038	$	127,535	$	122,843
Stabilized, Non-Mature Communities			3,152		2,946		1,986		1,422		1,582
Acquired Communities			447		-		-		-		-
Development Communities			37		-		-		-		-
Non-Residential / Other			2,462		2,981		3,624		3,365		3,307
Total (2)		$	132,171	$	137,059	$	129,648	$	132,322	$	127,732

Net Operating Income
Same-Store Communities		$	275,613	$	265,042	$	273,771	$	271,244	$	271,868
Stabilized, Non-Mature Communities			5,398		5,620		4,987		4,088		2,242
Acquired Communities			919		-		-		-		-
Development Communities			(35)		-		-		-		-
Non-Residential / Other			4,900		4,196		3,726		4,135		3,656
Total		$	286,795	$	274,858	$	282,484	$	279,467	$	277,766

Operating Margin
Same-Store Communities			68.6%		66.9%		68.8%		68.0%		68.9%

Weighted Average Physical Occupancy
Same-Store Communities			96.6%		96.6%		96.9%		96.7%		96.9%
Stabilized, Non-Mature Communities			95.9%		95.2%		95.0%		93.2%		88.7%
Acquired Communities			95.3%		-		-		-		-
Development Communities			-		-		-		-		-
Other (3)			96.2%		97.4%		96.6%		96.4%		96.5%
Total			96.6%		96.5%		96.8%		96.6%		96.7%

Sold and Held for Disposition Communities (5)
Revenues	235	$	3,967	$	11,404	$	16,693	$	17,505	$	17,503
Expenses (2)			1,006		3,532		4,625		4,837		4,889
Net Operating Income/(Loss)		$	2,961	$	7,872	$	12,068	$	12,668	$	12,614

Total	54,173	$	289,756	$	282,730	$	294,552	$	292,135	$	290,380



Non-Mature Home Breakout - By Date								Estimated
								Same-Store
		Category		# of Homes		Market		Quarter (4)

101 N. Meridian		Stabilized, Non-Mature		330		Tampa, FL		3Q26

Broadridge		Stabilized, Non-Mature		478		Philadelphia, PA		1Q27

The Enclave at Potomac Club		Stabilized, Non-Mature		406		Metropolitan DC		1Q27

Meetinghouse		Acquired		232		Portland, OR		3Q27

Junction		Acquired		66		Los Angeles, CA		3Q27

Total					1,512

(1)	See Attachment 14 for definitions and other terms.

(2)	The summation of Total expenses and Sold and Held for Disposition Communities expenses above agrees to the summation of property operating and maintenance and real estate taxes and insurance expenses on Attachment 1.

(3)	Includes occupancy of Sold and Held for Disposition Communities.

(4)	Estimated Same-Store quarter represents the quarter UDR anticipates contributing the community to the QTD same-store pool.

(5)	Home count represents a Held for Disposition community at June 30, 2026. The revenues, expenses, and net operating income/(loss) represent both the Held for Disposition and Sold communities during the periods presented.

Attachment 6

Same-Store Operating Expense Information

(Dollars in Thousands)

(Unaudited) (1)


	% of 2Q 2026
	SS Operating
Year-Over-Year Comparison	Expenses	2Q 2026		2Q 2025		% Change

Personnel	14.8%	$	18,715	$	18,103	3.4%
Utilities	14.4%		18,155		17,261	5.2%
Repair and maintenance	19.9%		25,138		24,950	0.8%
Administrative and marketing	7.8%		9,892		9,638	2.6%
Controllable expenses	56.9%		71,900		69,952	2.8%

Real estate taxes	39.1%	$	49,149	$	47,825	2.8%
Insurance	4.0%		5,024		5,066	-0.8%
Same-Store operating expenses	100.0%	$	126,073	$	122,843	2.6%

Same-Store Homes	52,426



	% of 2Q 2026
	SS Operating
Sequential Comparison	Expenses	2Q 2026		1Q 2026		% Change

Personnel	14.8%	$	18,715	$	19,503	-4.0%
Utilities	14.4%		18,155		20,148	-9.9%
Repair and maintenance	19.9%		25,138		25,554	-1.6%
Administrative and marketing	7.8%		9,892		9,816	0.8%
Controllable expenses	56.9%		71,900		75,021	-4.2%

Real estate taxes	39.1%	$	49,149	$	50,990	-3.6%
Insurance	4.0%		5,024		5,121	-1.9%
Same-Store operating expenses	100.0%	$	126,073	$	131,132	-3.9%

Same-Store Homes	52,426




	% of YTD 2026
	SS Operating
Year-to-Date Comparison	Expenses	YTD 2026		YTD 2025		% Change

Personnel	14.9%	$	38,184	$	36,802	3.8%
Utilities	14.9%		38,236		35,813	6.8%
Repair and maintenance	19.7%		50,570		48,806	3.6%
Administrative and marketing	7.7%		19,631		18,928	3.7%
Controllable expenses	57.2%		146,621		140,349	4.5%

Real estate taxes	38.8%	$	99,713	$	97,446	2.3%
Insurance	4.0%		10,132		9,999	1.3%
Same-Store operating expenses	100.0%	$	256,466	$	247,794	3.5%

Same-Store Homes	52,341

(1)	See Attachment 14 for definitions and other terms.

Attachment 7

Apartment Home Breakout

Portfolio Overview as of Quarter Ended

June 30, 2026

(Unaudited) (1)


				Unconsolidated		Revenue Per
			Total	Joint Venture	Total	Occupied
	Same-Store	Non-Mature	Consolidated	Operating	Homes	Home
	Homes	Homes (2)	Homes	Homes (3)	(incl. JV) (3)	(Incl. JV at Share)(4)
West Region
Orange County, CA	4,305	-	4,305	701	5,006	$	3,247
San Francisco, CA	3,317	-	3,317	602	3,919		3,937
Seattle, WA	2,290	-	2,290	284	2,574		2,972
Monterey Peninsula, CA	1,567	-	1,567	-	1,567		2,435
Los Angeles, CA	1,225	66	1,291	340	1,631		3,465
	12,704	66	12,770	1,927	14,697

Northeast Region
Boston, MA	4,667	-	4,667	876	5,543		3,353
New York, NY	1,945	-	1,945	710	2,655		5,400
Philadelphia, PA	1,172	478	1,650	290	1,940		2,527
	7,784	478	8,262	1,876	10,138

Mid-Atlantic Region
Metropolitan DC	9,119	406	9,525	360	9,885		2,523
Baltimore, MD	1,721	-	1,721	-	1,721		2,142
	10,840	406	11,246	360	11,606

Southeast Region
Tampa, FL	3,611	330	3,941	-	3,941		2,232
Orlando, FL	3,293	-	3,293	200	3,493		1,907
Nashville, TN	2,055	-	2,055	-	2,055		1,741
	8,959	330	9,289	200	9,489

Southwest Region
Dallas, TX	7,449	-	7,449	-	7,449		1,810
Austin, TX	1,880	-	1,880	-	1,880		1,704
	9,329	-	9,329	-	9,329

Other Markets (5)	2,810	232	3,042	1,038	4,080		2,340

Totals	52,426	1,512	53,938	5,401	59,339	$	2,677

Communities (6)	156	5	161	22	183

		Homes	Communities
Total completed homes		59,339	183
Held for Disposition		235	1
Under Development (7)		685	2

Total Quarter-end homes and communities		60,259	186

(1)	See Attachment 14 for definitions and other terms.

(2)	Represents homes included in Stabilized, Non-Mature, Acquired, Development, Redevelopment and Non-Residential/Other Communities categories on Attachment 5. Excludes development homes not yet completed and Sold and Held for Disposition.

(3)	Represents joint venture operating homes at 100 percent. Excludes joint venture held for disposition communities. See Attachment 10 for UDR's joint venture and partnership ownership interests.

(4)	Represents joint ventures at UDR's ownership interests. Excludes joint venture held for disposition communities. See Attachment 10 for UDR's joint venture and partnership ownership interests.

(5)	Other Markets include Denver (292 homes), Palm Beach (636 homes), Inland Empire (658 homes), San Diego (163 wholly owned, 264 JV homes), Portland (452 wholly owned, 256 JV homes) and Richmond (841 wholly owned, 518 JV homes).

(6)	Represents communities where 100 percent of all development homes have been completed.

(7)	See Attachment 9 for UDR’s developments and ownership interests.

Attachment 8(A)

Same-Store Operating Information By Major Market

Current Quarter vs. Prior Year Quarter

June 30, 2026

(Unaudited) (1)


						% Increase/(Decrease) over Prior Year Quarter
		% of Same-		Revenue per
	Total	Store Portfolio	Physical	Occupied						Revenue per
	Same-Store	Based on	Occupancy	Home					Physical	Occupied
	Homes	2Q 2026 NOI	2Q 2026	2Q 2026		Revenue	Expense	NOI	Occupancy	Home

West Region
Orange County, CA	4,305	11.5%	96.3%	$	3,252	2.0%	0.2%	2.5%	-0.7%	2.7%
San Francisco, CA	3,317	9.7%	97.8%		3,817	8.0%	12.2%	6.5%	0.3%	7.6%
Seattle, WA	2,290	5.3%	97.3%		2,984	1.9%	2.0%	1.9%	0.2%	1.7%
Monterey Peninsula, CA	1,567	3.0%	96.2%		2,435	2.4%	-2.2%	4.0%	-0.1%	2.4%
Los Angeles, CA	1,225	2.9%	95.8%		3,289	1.0%	-2.8%	2.7%	-0.2%	1.2%
	12,704	32.4%	96.8%		3,254	3.7%	3.7%	3.7%	-0.2%	3.8%

Northeast Region
Boston, MA	4,667	11.8%	96.7%		3,395	2.1%	3.7%	1.4%	-0.2%	2.3%
New York, NY	1,945	6.2%	97.6%		5,340	4.0%	0.5%	6.9%	-0.3%	4.3%
Philadelphia, PA	1,172	2.2%	97.0%		2,663	4.4%	4.2%	4.5%	0.0%	4.4%
	7,784	20.2%	97.0%		3,771	3.0%	2.3%	3.4%	-0.2%	3.2%

Mid-Atlantic Region
Metropolitan DC	9,119	16.5%	96.6%		2,526	1.3%	2.8%	0.6%	-0.4%	1.8%
Baltimore, MD	1,721	2.5%	96.9%		2,142	3.1%	7.3%	0.7%	0.5%	2.5%
	10,840	19.0%	96.6%		2,465	1.6%	3.5%	0.6%	-0.3%	1.9%

Southeast Region
Tampa, FL	3,611	5.3%	96.6%		2,152	-1.7%	2.1%	-3.6%	0.0%	-1.7%
Orlando, FL	3,293	4.6%	96.7%		1,910	-0.7%	-2.3%	0.1%	0.4%	-1.1%
Nashville, TN	2,055	2.6%	95.2%		1,741	-0.3%	4.8%	-2.3%	-0.9%	0.6%
	8,959	12.5%	96.3%		1,969	-1.0%	1.0%	-2.0%	-0.1%	-1.0%

Southwest Region
Dallas, TX	7,449	8.9%	96.6%		1,810	0.3%	3.3%	-1.5%	-0.3%	0.7%
Austin, TX	1,880	2.0%	97.0%		1,704	-5.8%	-6.3%	-5.4%	-0.2%	-5.5%
	9,329	10.9%	96.7%		1,789	-1.0%	1.1%	-2.2%	-0.3%	-0.6%

Other Markets	2,810	5.0%	96.1%		2,380	0.2%	4.7%	-1.4%	-0.5%	0.7%

Total/Weighted Avg.	52,426	100.0%	96.6%	$	2,642	1.8%	2.6%	1.4%	-0.2%	2.0%

(1)	See Attachment 14 for definitions and other terms.

Attachment 8(B)

Same-Store Operating Information By Major Market

Current Quarter vs. Last Quarter

June 30, 2026

(Unaudited) (1)


						% Increase/(Decrease) over Last Quarter
		% of Same-		Revenue per
	Total	Store Portfolio	Physical	Occupied						Revenue per
	Same-Store	Based on	Occupancy	Home					Physical	Occupied
	Homes	2Q 2026 NOI	2Q 2026	2Q 2026		Revenue	Expense	NOI	Occupancy	Home

West Region
Orange County, CA	4,305	11.5%	96.3%	$	3,252	1.0%	-12.4%	5.5%	0.1%	1.0%
San Francisco, CA	3,317	9.7%	97.8%		3,817	3.3%	-7.8%	8.4%	0.1%	3.2%
Seattle, WA	2,290	5.3%	97.3%		2,984	1.6%	-4.7%	3.9%	0.3%	1.3%
Monterey Peninsula, CA	1,567	3.0%	96.2%		2,435	0.1%	-3.0%	1.2%	-1.1%	1.2%
Los Angeles, CA	1,225	2.9%	95.8%		3,289	0.6%	-9.0%	5.4%	-0.4%	1.0%
	12,704	32.4%	96.8%		3,254	1.7%	-8.4%	5.7%	-0.1%	1.7%

Northeast Region
Boston, MA	4,667	11.8%	96.7%		3,395	1.9%	-4.5%	4.9%	0.4%	1.4%
New York, NY	1,945	6.2%	97.6%		5,340	1.4%	-3.1%	5.1%	-0.9%	2.3%
Philadelphia, PA	1,172	2.2%	97.0%		2,663	2.6%	-12.5%	12.0%	0.7%	1.8%
	7,784	20.2%	97.0%		3,771	1.8%	-4.8%	5.7%	0.2%	1.8%

Mid-Atlantic Region
Metropolitan DC	9,119	16.5%	96.6%		2,526	1.1%	-3.1%	3.1%	0.3%	0.8%
Baltimore, MD	1,721	2.5%	96.9%		2,142	2.0%	7.2%	-0.9%	0.5%	1.4%
	10,840	19.0%	96.6%		2,465	1.2%	-1.6%	2.6%	0.3%	0.8%

Southeast Region
Tampa, FL	3,611	5.3%	96.6%		2,152	0.4%	-0.5%	0.9%	0.2%	0.2%
Orlando, FL	3,293	4.6%	96.7%		1,910	1.1%	-1.6%	2.3%	0.3%	0.7%
Nashville, TN	2,055	2.6%	95.2%		1,741	1.2%	-2.9%	3.1%	-0.3%	1.6%
	8,959	12.5%	96.3%		1,969	0.8%	-1.3%	1.9%	0.1%	0.7%

Southwest Region
Dallas, TX	7,449	8.9%	96.6%		1,810	1.3%	1.0%	1.4%	-0.3%	1.6%
Austin, TX	1,880	2.0%	97.0%		1,704	-1.2%	-5.3%	2.0%	0.3%	-1.5%
	9,329	10.9%	96.7%		1,789	0.8%	-0.4%	1.5%	-0.2%	1.0%

Other Markets	2,810	5.0%	96.1%		2,380	1.8%	-0.8%	2.9%	0.3%	1.5%

Total/Weighted Avg.	52,426	100.0%	96.6%	$	2,642	1.4%	-3.9%	4.0%	0.0%	1.4%

(1)	See Attachment 14 for definitions and other terms.

Attachment 8(C)

Same-Store Operating Information By Major Market

Current Year-to-Date vs. Prior Year-to-Date

June 30, 2026

(Unaudited) (1)


						% Increase/(Decrease) over Prior Year
		% of Same-		Revenue per
	Total	Store Portfolio	Physical	Occupied						Revenue per
	Same-Store	Based on	Occupancy	Home					Physical	Occupied
	Homes	YTD 2026 NOI	YTD 2026	YTD 2026		Revenue	Expense	NOI	Occupancy	Home

West Region
Orange County, CA	4,305	11.5%	96.2%	$	3,236	1.9%	4.6%	1.1%	-0.9%	2.8%
San Francisco, CA	3,317	9.5%	97.7%		3,758	7.2%	8.9%	6.4%	0.4%	6.7%
Seattle, WA	2,290	5.4%	97.1%		2,966	1.0%	4.8%	-0.3%	-0.4%	1.4%
Monterey Peninsula, CA	1,567	3.0%	96.7%		2,421	2.7%	2.0%	3.0%	0.5%	2.1%
Los Angeles, CA	1,225	2.9%	96.0%		3,272	-0.3%	4.8%	-2.5%	-0.7%	0.4%
	12,704	32.3%	96.8%		3,227	3.2%	5.8%	2.2%	-0.3%	3.4%

Northeast Region
Boston, MA	4,667	11.8%	96.5%		3,371	1.3%	4.4%	0.0%	-0.5%	1.9%
New York, NY	1,945	6.2%	98.0%		5,279	4.1%	1.4%	6.3%	0.1%	4.0%
Philadelphia, PA	1,172	2.1%	96.6%		2,639	3.6%	9.2%	0.8%	-0.4%	4.1%
	7,784	20.1%	96.9%		3,738	2.5%	3.5%	2.0%	-0.4%	2.8%

Mid-Atlantic Region
Metropolitan DC	9,119	16.6%	96.4%		2,516	0.9%	3.9%	-0.5%	-1.0%	1.9%
Baltimore, MD	1,721	2.5%	96.7%		2,128	2.0%	5.6%	0.0%	0.0%	2.1%
	10,840	19.1%	96.4%		2,454	1.1%	4.2%	-0.4%	-0.8%	1.9%

Southeast Region
Tampa, FL	3,611	5.4%	96.5%		2,150	-1.7%	2.1%	-3.6%	-0.4%	-1.3%
Orlando, FL	3,293	4.6%	96.6%		1,904	-1.2%	-0.4%	-1.6%	-0.1%	-1.0%
Nashville, TN	2,055	2.6%	95.4%		1,727	-1.3%	4.9%	-3.8%	-0.9%	-0.3%
	8,959	12.6%	96.3%		1,963	-1.4%	1.8%	-2.9%	-0.4%	-1.0%

Southwest Region
Dallas, TX	7,364	8.8%	96.8%		1,775	-0.3%	1.4%	-1.3%	-0.3%	0.1%
Austin, TX	1,880	2.0%	96.8%		1,717	-5.4%	-4.2%	-6.3%	-0.6%	-4.9%
	9,244	10.8%	96.8%		1,763	-1.4%	0.1%	-2.3%	-0.4%	-1.0%

Other Markets	2,810	5.1%	96.0%		2,363	-0.1%	3.9%	-1.6%	-0.5%	0.5%

Total/Weighted Avg.	52,341	100.0%	96.6%	$	2,623	1.3%	3.5%	0.3%	-0.5%	1.8%

(1)	See Attachment 14 for definitions and other terms.

Attachment 8(D)

Same-Store Operating Information By Major Market

June 30, 2026

(Unaudited) (1)


	Effective Blended Lease Rate Growth	Effective New Lease Rate Growth	Effective Renewal Lease Rate Growth	Annualized Turnover
	2Q 2026	2Q 2026	2Q 2026	2Q 2026	2Q 2025	YTD 2026	YTD 2025

West Region	6.2%	7.8%	5.0%	39.1%	38.9%	34.7%	34.8%

Northeast Region	3.3%	1.6%	4.5%	41.6%	44.2%	32.4%	35.1%

Mid-Atlantic Region	1.0%	-4.2%	4.8%	34.8%	41.2%	30.4%	34.6%

Southeast Region	-2.7%	-8.0%	1.7%	45.5%	47.3%	39.6%	42.5%

Southwest Region	-1.7%	-7.9%	3.8%	42.1%	39.2%	36.8%	37.6%

Other Markets	0.3%	-3.4%	3.2%	40.1%	40.5%	35.5%	39.7%

Total/Weighted Avg.	2.1%	-0.6%	4.2%	39.9%	41.3%	34.5%	36.6%

(1)	See Attachment 14 for definitions and other terms.

Attachment 9

Development and Land Summary

June 30, 2026

(Dollars in Thousands)

(Unaudited) (1)

Wholly-Owned

Schedule

Percentage

# of

Compl.

Cost to

Budgeted

Est. Cost

Initial

Community

Market

Homes

Date

Cost

per Home

Start

Occ.

Compl.

Leased

Occupied

Projects Under Construction

3099 Iowa

Other Southern CA

300

109,599

133,600

445

1Q25

3Q26

1Q27

0.7%

N/A

4848 at Alex West

Metropolitan DC

385

38,018

181,300

471

2Q26

4Q28

2Q29

N/A

Total Under Construction

685

147,617

314,900

460

Total - Wholly Owned

685

147,617

314,900

460

NOI From Wholly-Owned Projects

2Q 26

Projects Under Construction

(35)

Total

(35)

Land Summary

Location

UDR Ownership Interest

Real Estate Cost Basis

Total Land (6 parcels)

Various

100%

216,412

(1)	See Attachment 14 for definitions and other terms.

Attachment 10

Unconsolidated and Debt and Preferred Equity Program Summary

June 30, 2026

(Dollars in Thousands)

(Unaudited) (1)


Unconsolidated Joint Ventures and Partnerships

								Physical	Total Rev. per		Net Operating Income
	Own.		# of			# of		Occupancy	Occ. Home		UDR's Share
Portfolio Characteristics	Interest		Comm.			Homes		2Q 26	2Q 26		2Q 26		YTD 26

UDR / MetLife	50%			8		2,127		96.5%	$	4,032	$	9,001	$	19,790
UDR / LaSalle	51%			9		2,564		96.8%		2,494		6,719		13,257
UDR / Carmel Partners	50%			5		710		95.9%		5,732		2,028		2,028

Total				22		5,401		96.6%	$	3,514	$	17,748	$	35,075




	Gross Book Value							Weighted
	of JV Real		Total Project		UDR's Equity			Avg. Debt	Debt
Balance Sheet Characteristics	Estate Assets (2)		Debt (2)		Investment			Interest Rate	Maturities

UDR / MetLife	$	1,087,713	$	616,822	$	48,607		4.24%	2027-2030
UDR / LaSalle		861,222		298,005		231,914		5.36%	2028-2033
UDR / Carmel Partners		673,927		227,220		140,521		2.87%	2031

Total	$	2,622,862	$	1,142,047	$	421,042		4.26%




Debt and Preferred Equity Program (3)(4)

							Contractual		Weighted Avg.
			UDR Investment				Return		Years to
Investment Classifications		# of Commitments	Commitment		Balance		Rate		Maturity

Communities - Loans		3	$	134,123	$	166,421		9.8%	2.0
Communities - Preferred Equity (5)(6)		8		194,287		216,258		10.4%	2.2

Total Debt and Preferred Equity Program		11	$	328,410	$	382,679		10.1%	2.1


	2Q 26

Income/(loss) from investments	$	10,400


									Income/(Loss)
			UDR Investment (8)						from Investments
Other Unconsolidated Investments (7)			Commitment		Funded		Balance		2Q 26 (9)

Total Real Estate Technology and Sustainability Investments			$	169,000	$	136,057	$	158,636	$	(1,050)

(1)	See Attachment 14 for definitions and other terms.

(2)	Joint ventures and partnerships represented at 100%. Debt balances are presented net of deferred financing costs.

(3)

UDR's investments are reflected as investment in and advances to unconsolidated joint ventures or notes receivable, net on the Consolidated Balance Sheets and income/(loss) from unconsolidated entities or interest and other income/(expense), net on the Consolidated Statements of Operations in accordance with GAAP.

(4)	Investment commitment represents maximum loan principal or equity investment and therefore excludes accrued return. Investment balance includes amounts funded plus accrued and unpaid return prior to the period end as well as any non-cash impairment losses or loan reserves.

(5)	In April 2026, UDR acquired a 232-home apartment community located in Portland, OR, upon the liquidation of its joint venture interest. In connection with the liquidation, UDR repaid the joint venture's $53.4 million first mortgage and settled its $18.9 million preferred equity investment.

(6)

In June 2026, UDR acquired a 66-home apartment community located in Santa Monica, CA, through the assumption of the developer's equity interest in the joint venture in exchange for approximately 0.1 million UDR LP units. As a result, the joint venture became wholly owned, and UDR began consolidating the community. As part of the transaction, UDR settled its $34.8 million loan investment and $8.3 million preferred equity investment.

(7)	Other unconsolidated investments represent UDR’s investments in nine real estate technology and climate technology funds.

(8)

Investment commitment represents maximum equity contractually required to be funded, and therefore excludes realized/unrealized gain/(loss). Investment funded represents cash funded towards the investment commitment. Investment balance includes amounts funded plus undistributed realized/unrealized gain/(loss), less $31.5 million of cash and stock distributed prior to the period end.

(9)	Income/(loss) from investments is deducted/added back to FFOA.

Attachment 11

Acquisitions, Dispositions, and Debt and Preferred Equity Program Summary

June 30, 2026

(Dollars in Thousands)

(Unaudited) (1)

Dispositions - Wholly-Owned

# of

Price per

Date of Sale

Community

Market

Price (2)

Debt (2)

Homes

Home

Mar-26

Steele Creek

Denver, CO

137,300

218

630

Mar-26

Rodgers Forge

Baltimore, MD

105,200

498

211

Mar-26

Milehouse

Seattle, WA

78,500

177

444

Mar-26

Summit West

Tampa, FL

41,000

266

154

Jun-26

Legacy Hill

Nashville, TN

41,500

206

201

403,500

1,365

296

Consolidations - Debt and Preferred Equity Program (3)

Consolidation

# of

Value per

Date of Consolidation

Community

Market

Value

Homes

Home

Apr-26

Meetinghouse

Portland, OR

73,300

232

316

Jun-26

Junction

Los Angeles, CA

46,300

702

119,600

298

401

Investments - Debt and Preferred Equity Program

UDR

Contractual

Investment

Return

Date of Investment

Investment Classification

Market

Commitment

Rate

May-26

Communities - Loans (4)

New York, NY

50,000

7.75%

50,000

7.75%

Redemptions - Debt and Preferred Equity Program

UDR Initial

Proceeds

Investment

Received at

Received

Date of Redemption

Investment Classification

Market

Commitment

Redemption

Life to Date

Feb-26

Communities - Preferred Equity

Various

102,000

104,822

132,600

Feb-26

Communities - Preferred Equity

Washington, DC

52,163

34,042

72,515

154,163

138,864

205,115

(1)	See Attachment 14 for definitions and other terms.

(2)	Price represents 100% of the asset. Debt represents 100% of the asset's indebtedness, and excludes deferred financing costs.

(3)	See footnotes 5 and 6 on Attachment 10 for details.

(4)	The loan investment's effective interest rate is approximately 8.0%, including the impact of the loan origination fee.

Attachment 12

Capital Expenditure and Repair and Maintenance Summary

June 30, 2026

(In thousands, except Cost per Home)

(Unaudited) (1)


	Three Months				Six Months
	Ended		Cost		Ended			Cost
Capital Expenditures for Consolidated Homes (2)	June 30, 2026		per Home		June 30, 2026			per Home

Average number of homes (3)		54,012				54,433

Total Recurring Cap Ex	$	27,011	$	500	$	46,599	$	856

NOI Enhancing Cap Ex		20,648		382		33,713		619

Total Recurring and NOI Enhancing Cap Ex	$	47,659	$	882	$	80,312	$	1,475


	Three Months				Six Months
	Ended			Cost	Ended			Cost
Repair and Maintenance for Consolidated Homes (Expensed)	June 30, 2026			per Home	June 30, 2026			per Home

Average number of homes (3)		54,012				54,433

Total Repair and Maintenance	$	26,073	$	483	$	52,996	$	974

(1)	See Attachment 14 for definitions and other terms.

(2)	Excludes redevelopment capital and initial capital expenditures on acquisitions.

(3)	Average number of homes is calculated based on the number of homes owned at the end of each month.

Attachment 13

3Q 2026 and Full-Year 2026 Guidance

June 30, 2026

(Unaudited) (1)


				Full-Year 2026 Guidance
				Change from
Net Income, FFO and FFO as Adjusted per Share and Unit Guidance	3Q 2026	Full-Year 2026	Prior Guidance	Prior Midpoint

Income/(loss) per weighted average common share, diluted	$0.13 to $0.15	$1.03 to $1.11	$0.91 to $1.01	$0.11
FFO per common share and unit, diluted	$0.63 to $0.65	$2.47 to $2.55	$2.48 to $2.58	($0.02)
FFO as Adjusted per common share and unit, diluted	$0.63 to $0.65	$2.49 to $2.57	$2.47 to $2.57	$0.01
Weighted average number of common shares, OP/DownREIT Units, and common stock equivalents outstanding, diluted (in millions)	346.2	348.5	351.3	(2.8)
Annualized dividend per share and unit		$1.74	$1.74	-

				Change from
Same-Store Guidance (Straight-line basis)		Full-Year 2026	Prior Guidance	Prior Midpoint

Revenue growth / (decline)		0.75% to 2.00%	0.25% to 2.25%	0.125%
Expense growth		2.75% to 3.75%	3.00% to 4.50%	(0.50%)
NOI growth / (decline)		0% to 1.25%	-1.00% to 1.25%	0.50%

				Change from
Investment Guidance ($ in millions)		Full-Year 2026	Prior Guidance	Prior Midpoint

Dispositions - Consolidated and Joint Venture (at share)		$400 to $750	$300 to $600	$95
Acquisitions - Consolidated and Joint Venture (at share)		$130 to $300	$100 to $200	$65
Capital Expenditures - Recurring, NOI Enhancing, and Redevelopment		$220 to $260	$220 to $260	-

				Change from
Corporate Expense Guidance ($ in millions)		Full-Year 2026	Prior Guidance	Prior Midpoint

Consolidated interest expense, net of capitalized interest and adjustments for FFO as Adjusted		$187 to $195	$185 to $195	$1
General and Administrative expense, net of adjustments for FFO as Adjusted		$65 to $75	$65 to $75	-

(1)	See Attachment 14 for definitions and other terms.

Attachment 14(A)

Definitions and Reconciliations

June 30, 2026

(Unaudited)

Acquired Communities: The Company defines Acquired Communities as those communities acquired by the Company, other than development and redevelopment activity, that did not achieve stabilization as of the most recent quarter.

Adjusted Funds from Operations ("AFFO") attributable to common stockholders and unitholders: The Company defines AFFO as FFO as Adjusted attributable to common stockholders and unitholders less recurring capital expenditures on consolidated communities and the Company’s proportionate share of recurring capital expenditures on unconsolidated partnerships and joint ventures, that are necessary to help preserve the value of and maintain functionality at our communities.

Management considers AFFO a useful supplemental performance metric for investors as it is more indicative of the Company's operational performance than FFO or FFO as Adjusted. AFFO is not intended to represent cash flow or liquidity for the period, and is only intended to provide an additional measure of our operating performance. The Company believes that net income/(loss) attributable to common stockholders is the most directly comparable GAAP financial measure to AFFO. Management believes that AFFO is a widely recognized measure of the operations of REITs, and presenting AFFO enables investors to assess our performance in comparison to other REITs. However, other REITs may use different methodologies for calculating AFFO and, accordingly, our AFFO may not always be comparable to AFFO calculated by other REITs. AFFO should not be considered as an alternative to net income/(loss) (determined in accordance with GAAP) as an indication of financial performance, or as an alternative to cash flow from operating activities (determined in accordance with GAAP) as a measure of our liquidity, nor is it indicative of funds available to fund our cash needs, including our ability to make distributions. A reconciliation from net income/(loss) attributable to common stockholders to AFFO is provided on Attachment 2.

Consolidated Fixed Charge Coverage Ratio - adjusted for non-recurring items: The Company defines Consolidated Fixed Charge Coverage Ratio - adjusted for non-recurring items as Consolidated Interest Coverage Ratio - adjusted for non-recurring items divided by total consolidated interest, excluding the impact of costs associated with debt extinguishment, plus preferred dividends.

Management considers Consolidated Fixed Charge Coverage Ratio - adjusted for non-recurring items a useful metric for investors as it provides ratings agencies, investors and lenders with a widely-used measure of the Company’s ability to service its consolidated debt obligations as well as compare leverage against that of its peer REITs. A reconciliation of the components that comprise Consolidated Fixed Charge Coverage Ratio - adjusted for non-recurring items is provided on Attachment 4(C) of the Company's quarterly supplemental disclosure.

Consolidated Interest Coverage Ratio - adjusted for non-recurring items: The Company defines Consolidated Interest Coverage Ratio - adjusted for non-recurring items as Consolidated EBITDAre – adjusted for non-recurring items divided by total consolidated interest, excluding the impact of costs associated with debt extinguishment.

Management considers Consolidated Interest Coverage Ratio - adjusted for non-recurring items a useful metric for investors as it provides ratings agencies, investors and lenders with a widely-used measure of the Company’s ability to service its consolidated debt obligations as well as compare leverage against that of its peer REITs. A reconciliation of the components that comprise Consolidated Interest Coverage Ratio - adjusted for non-recurring items is provided on Attachment 4(C) of the Company's quarterly supplemental disclosure.

Consolidated Net Debt-to-EBITDAre - adjusted for non-recurring items: The Company defines Consolidated Net Debt-to-EBITDAre - adjusted for non-recurring items as total consolidated debt net of cash and cash equivalents divided by annualized Consolidated EBITDAre - adjusted for non-recurring items. Consolidated EBITDAre - adjusted for non-recurring items is defined as EBITDAre excluding the impact of income/(loss) from unconsolidated entities, adjustments to reflect the Company’s share of EBITDAre of unconsolidated joint ventures and other non-recurring items including, but not limited to casualty-related charges/(recoveries), net of wholly owned communities.

Management considers Consolidated Net Debt-to-EBITDAre - adjusted for non-recurring items a useful metric for investors as it provides ratings agencies, investors and lenders with a widely-used measure of the Company’s ability to service its consolidated debt obligations as well as compare leverage against that of its peer REITs. A reconciliation between net income/(loss) and Consolidated EBITDAre - adjusted for non-recurring items is provided on Attachment 4(C) of the Company's quarterly supplemental disclosure.

Contractual Return Rate: The Company defines Contractual Return Rate as the rate of return or interest rate that the Company is entitled to receive on a preferred equity investment or loan, as specified in the applicable agreement.

Controllable Expenses: The Company refers to property operating and maintenance expenses as Controllable Expenses.

Development Communities: The Company defines Development Communities as those communities recently developed or under development by the Company, that are currently majority owned by the Company and have not achieved stabilization as of the most recent quarter.

Earnings Before Interest, Taxes, Depreciation and Amortization for Real Estate (EBITDAre): The Company defines EBITDAre as net income/(loss) (computed in accordance with GAAP), plus interest expense, including costs associated with debt extinguishment, plus real estate depreciation and amortization, plus other depreciation and amortization, plus (minus) income tax provision/(benefit), (minus) plus net gain/(loss) on the sale of depreciable real estate owned, plus impairment write-downs of depreciable real estate, plus the adjustments to reflect the Company’s share of EBITDAre of unconsolidated joint ventures. The Company computes EBITDAre in accordance with standards established by the National Association of Real Estate Investment Trusts, or Nareit, which may not be comparable to EBITDAre reported by other REITs that do not compute EBITDAre in accordance with the Nareit definition, or that interpret the Nareit definition differently than the Company does. The White Paper on EBITDAre was approved by the Board of Governors of Nareit in September 2017.

Management considers EBITDAre a useful metric for investors as it provides an additional indicator of the Company’s ability to incur and service debt, and enables investors to assess our performance against that of its peer REITs. EBITDAre should be considered along with, but not as an alternative to, net income and cash flow as a measure of the Company’s activities in accordance with GAAP. EBITDAre does not represent cash generated from operating activities in accordance with GAAP and is not necessarily indicative of funds available to fund our cash needs. A reconciliation between net income/(loss) and EBITDAre is provided on Attachment 4(C) of the Company's quarterly supplemental disclosure.

Effective Blended Lease Rate Growth: The Company defines Effective Blended Lease Rate Growth as the combined proportional growth as a result of Effective New Lease Rate Growth and Effective Renewal Lease Rate Growth. Management considers Effective Blended Lease Rate Growth a useful metric for investors as it assesses combined proportional market-level, new and in-place demand trends.

Effective New Lease Rate Growth: The Company defines Effective New Lease Rate Growth as the increase/(decrease) in gross potential rent realized less concessions on a straight-line basis for the new lease term (current effective rent) versus prior resident effective rent for the prior lease term on new leases commenced during the current quarter. Management considers Effective New Lease Rate Growth a useful metric for investors as it assesses market-level new demand trends.

Effective Renewal Lease Rate Growth: The Company defines Effective Renewal Lease Rate Growth as the increase/(decrease) in gross potential rent realized less concessions on a straight-line basis for the new lease term (current effective rent) versus prior effective rent for the prior lease term on renewed leases commenced during the current quarter. Management considers Effective Renewal Lease Rate Growth a useful metric for investors as it assesses market-level, in-place demand trends.

Estimated Quarter of Completion: The Company defines Estimated Quarter of Completion of a development or redevelopment project as the date on which construction is expected to be completed, but it does not represent the date of stabilization.

Attachment 14(B)

Definitions and Reconciliations

June 30, 2026

(Unaudited)

Funds from Operations as Adjusted ("FFO as Adjusted") attributable to common stockholders and unitholders: The Company defines FFO as Adjusted attributable to common stockholders and unitholders as FFO excluding the impact of other non-comparable items including, but not limited to, acquisition-related costs, prepayment costs/benefits associated with early debt retirement, impairment write-downs or gains and losses on sales of real estate or other assets incidental to the main business of the Company and income taxes directly associated with those gains and losses, casualty-related expenses and recoveries, severance costs, software transition related costs and legal and other costs.

Management believes that FFO as Adjusted is useful supplemental information regarding our operating performance as it provides a consistent comparison of our operating performance across time periods and allows investors to more easily compare our operating results with other REITs. FFO as Adjusted is not intended to represent cash flow or liquidity for the period, and is only intended to provide an additional measure of our operating performance. The Company believes that net income/(loss) attributable to common stockholders is the most directly comparable GAAP financial measure to FFO as Adjusted. However, other REITs may use different methodologies for calculating FFO as Adjusted or similar FFO measures and, accordingly, our FFO as Adjusted may not always be comparable to FFO as Adjusted or similar FFO measures calculated by other REITs. FFO as Adjusted should not be considered as an alternative to net income (determined in accordance with GAAP) as an indication of financial performance, or as an alternative to cash flow from operating activities (determined in accordance with GAAP) as a measure of our liquidity. A reconciliation from net income attributable to common stockholders to FFO as Adjusted is provided on Attachment 2.

Funds from Operations ("FFO") attributable to common stockholders and unitholders: The Company defines FFO attributable to common stockholders and unitholders as net income/(loss) attributable to common stockholders (computed in accordance with GAAP), excluding impairment write-downs of depreciable real estate related to the main business of the Company or of investments in non-consolidated investees that are directly attributable to decreases in the fair value of depreciable real estate held by the investee, gains and losses from sales of depreciable real estate related to the main business of the Company and income taxes directly associated with those gains and losses, plus real estate depreciation and amortization, and after adjustments for noncontrolling interests, and the Company’s share of unconsolidated partnerships and joint ventures. This definition conforms with the National Association of Real Estate Investment Trust's definition issued in April 2002 and restated in November 2018. In the computation of diluted FFO, if OP Units, DownREIT Units, unvested restricted stock, unvested LTIP Units, stock options, and the shares of Series E Cumulative Convertible Preferred Stock are dilutive, they are included in the diluted share count.

Management considers FFO a useful metric for investors as the Company uses FFO in evaluating property acquisitions and its operating performance and believes that FFO should be considered along with, but not as an alternative to, net income and cash flow as a measure of the Company's activities in accordance with GAAP. FFO does not represent cash generated from operating activities in accordance with GAAP and is not necessarily indicative of funds available to fund our cash needs. A reconciliation from net income/(loss) attributable to common stockholders to FFO is provided on Attachment 2.

Held For Disposition Communities: The Company defines Held for Disposition Communities as those communities that were held for sale as of the end of the most recent quarter.

Joint Venture Reconciliation at UDR's weighted average ownership interest:

In thousands

2Q 2026

YTD 2026

Income/(loss) from unconsolidated entities

3,271

22,967

Management fee

1,055

2,159

Interest expense

6,232

12,408

Depreciation

13,743

28,107

General and administrative

124

262

Preferred Equity Program (excludes loans)

(7,530)

(14,677)

Other (income)/expense

264

291

Realized and unrealized (gain)/loss on real estate technology investments, net of tax

864

(16,167)

Net (gain)/loss on consolidation

(275)

Total Joint Venture NOI at UDR's Ownership Interest

17,748

35,075

Net Operating Income (“NOI”): The Company defines NOI as rental income less direct property rental expenses. Rental income represents gross market rent and other revenues less adjustments for concessions, vacancy loss and bad debt. Rental expenses include real estate taxes, insurance, personnel, utilities, repairs and maintenance, administrative and marketing. Excluded from NOI is property management expense, which is calculated as 3.25% of property revenue, and land rent. Property management expense covers costs directly related to consolidated property operations, inclusive of corporate management, regional supervision, accounting and other costs.

Management considers NOI a useful metric for investors as it is a more meaningful representation of a community’s continuing operating performance than net income as it is prior to corporate-level expense allocations, general and administrative costs, capital structure and depreciation and amortization and is a widely used input, along with capitalization rates, in the determination of real estate valuations. A reconciliation from net income/(loss) attributable to UDR, Inc. to NOI is provided below.


In thousands	2Q 2026		1Q 2026		4Q 2025		3Q 2025		2Q 2025
Net income/(loss) attributable to UDR, Inc.	$	69,035	$	189,831	$	222,902	$	40,409	$	37,673
Property management		13,745		13,758		13,937		13,952		13,747
Other operating expenses		12,966		9,415		7,947		6,975		7,753
Real estate depreciation and amortization		160,120		161,268		163,610		165,926		163,191
Interest expense		47,640		48,576		49,684		50,569		48,665
Casualty-related charges/(recoveries), net		3,073		5,729		3,248		1,755		3,382
General and administrative		18,714		19,364		22,948		22,732		19,929
Tax provision/(benefit), net		429		455		37		382		258
(Income)/loss from unconsolidated entities		(3,271)		(19,696)		(4,934)		(14,011)		(3,629)
Interest income and other (income)/expense, net		(2,596)		(2,434)		(5,406)		(3,714)		(8,134)
Joint venture management and other fees		(2,466)		(2,528)		(4,281)		(2,570)		(2,398)
Other depreciation and amortization		3,451		3,335		4,451		7,009		7,387
(Gain)/loss on sale of real estate owned		(35,704)		(157,416)		(194,974)		-		-
Net income/(loss) attributable to noncontrolling interests		4,620		13,073		15,383		2,721		2,556
Total consolidated NOI	$	289,756	$	282,730	$	294,552	$	292,135	$	290,380

Attachment 14(C)

Definitions and Reconciliations

June 30, 2026

(Unaudited)

NOI Enhancing Capital Expenditures ("Cap Ex"): The Company defines NOI Enhancing Capital Expenditures as expenditures that result in increased income generation or decreased expense growth over time.

Management considers NOI Enhancing Capital Expenditures a useful metric for investors as it quantifies the amount of capital expenditures that are expected to grow, not just maintain, revenues or to decrease expenses.

Non-Mature Communities: The Company defines Non-Mature Communities as those communities that have not met the criteria to be included in same-store communities.

Non-Residential / Other: The Company defines Non-Residential / Other as non-apartment components of mixed-use properties, land held, properties being prepared for redevelopment and properties where a material change in home count has occurred.

Other Markets: The Company defines Other Markets as the accumulation of individual markets where it operates less than 1,000 Same-Store homes. Management considers Other Markets a useful metric as the operating results for the individual markets are not representative of the fundamentals for those markets as a whole.

Physical Occupancy: The Company defines Physical Occupancy as the number of occupied homes divided by the total homes available at a community.

QTD Same-Store Communities: The Company defines QTD Same-Store Communities as those communities Stabilized for five full consecutive quarters. These communities were owned and had stabilized operating expenses as of the beginning of the quarter in the prior year, were not in process of any substantial redevelopment activities, and were not held for disposition.

Recurring Capital Expenditures: The Company defines Recurring Capital Expenditures as expenditures that are necessary to help preserve the value of and maintain functionality at its communities.

Redevelopment Communities: The Company generally defines Redevelopment Communities as those communities where substantial redevelopment is in progress. Based upon the level of material impact the redevelopment has on the community (operations, occupancy levels, and future rental rates), the community may or may not maintain Stabilization. As such, for each redevelopment, the Company assesses whether the community remains in Same-Store.

Sold Communities: The Company defines Sold Communities as those communities that were disposed of prior to the end of the most recent quarter.

Stabilization/Stabilized: The Company defines Stabilization/Stabilized as when a community’s occupancy reaches 90% or above for at least three consecutive months.

Stabilized, Non-Mature Communities: The Company defines Stabilized, Non-Mature Communities as those communities that have reached Stabilization but are not yet in the same-store portfolio.

Total Revenue per Occupied Home: The Company defines Total Revenue per Occupied Home as rental and other revenues with concessions reported on a straight-line basis, divided by the product of occupancy and the number of apartment homes.

Management considers Total Revenue per Occupied Home a useful metric for investors as it serves as a proxy for portfolio quality, both geographic and physical.

TRS: The Company’s taxable REIT subsidiaries (“TRS”) focus on making investments and providing services that are otherwise not allowed to be made or provided by a REIT.

YTD Same-Store Communities: The Company defines YTD Same-Store Communities as those communities Stabilized for two full consecutive calendar years. These communities were owned and had stabilized operating expenses as of the beginning of the prior year, were not in process of any substantial redevelopment activities, and were not held for disposition.

Attachment 14(D)

Definitions and Reconciliations

June 30, 2026

(Unaudited)

All guidance is based on current expectations of future economic conditions and the judgment of the Company's management team. The following reconciles from GAAP Net income/(loss) per share for full-year 2026 and third quarter of 2026 to forecasted FFO and FFO as Adjusted per share and unit:


	Full-Year 2026
	Low		High

Forecasted net income per diluted share	$	1.03	$	1.11
Conversion from GAAP share count		(0.09)		(0.09)
Net gain on the sale of depreciable real estate owned		(0.55)		(0.55)
Depreciation		2.00		2.00
Noncontrolling interests		0.07		0.07
Preferred dividends		0.01		0.01
Forecasted FFO per diluted share and unit	$	2.47	$	2.55
Legal and other costs		0.04		0.04
Casualty-related charges/(recoveries)		0.02		0.02
Realized/unrealized (gain)/loss on real estate technology investments		(0.04)		(0.04)
Forecasted FFO as Adjusted per diluted share and unit	$	2.49	$	2.57


	3Q 2026
	Low		High

Forecasted net income per diluted share	$	0.13	$	0.15
Conversion from GAAP share count		(0.01)		(0.01)
Depreciation		0.50		0.50
Noncontrolling interests		0.01		0.01
Preferred dividends		-		-
Forecasted FFO per diluted share and unit	$	0.63	$	0.65
Legal and other costs		-		-
Casualty-related charges/(recoveries)		-		-
Realized/unrealized (gain)/loss on real estate technology investments		-		-
Forecasted FFO as Adjusted per diluted share and unit	$	0.63	$	0.65

Forward-Looking Statements

June 30, 2026

(Unaudited)

Forward-Looking Statements

Certain statements made in this supplement may constitute “forward-looking statements.” Words such as “expects,” “intends,” “believes,” “anticipates,” “plans,” “likely,” “will,” “seeks,” “estimates” and variations of such words and similar expressions are intended to identify such forward-looking statements. Forward-looking statements, by their nature, involve estimates, projections, goals, forecasts and assumptions and are subject to risks and uncertainties that could cause actual results or outcomes to differ materially from those expressed in a forward-looking statement, due to a number of factors, which include, but are not limited to, general market and economic conditions, unfavorable changes in the apartment market and economic conditions that could adversely affect occupancy levels and rental rates, the impact of inflation/deflation on rental rates and property operating expenses, the availability of capital and the stability of the capital markets, the impact of tariffs, geopolitical tensions, conflicts and wars, government shutdowns, and changes in immigration, elevated interest rates, the impact of competition and competitive pricing, acquisitions, developments and redevelopments not achieving anticipated results, delays in completing developments, redevelopments and lease-ups on schedule or at expected rent and occupancy levels, changes in job growth, home affordability and demand/supply ratio for multifamily housing, development and construction risks that may impact profitability, risks that joint ventures with third parties and Debt and Preferred Equity Program investments do not perform as expected, the failure of automation or technology to help grow net operating income, and other risk factors discussed in documents filed by the Company with the SEC from time to time, including the Company's Annual Report on Form 10-K and the Company's Quarterly Reports on Form 10-Q. Actual results may differ materially from those described in the forward-looking statements. These forward-looking statements and such risks, uncertainties and other factors speak only as of the date of this supplement, and the Company expressly disclaims any obligation or undertaking to update or revise any forward-looking statement contained herein, to reflect any change in the Company's expectations with regard thereto, or any other change in events, conditions or circumstances on which any such statement is based, except to the extent otherwise required under the U.S. securities laws.

Source: View Original Filing on SEC EDGAR

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UDR, Inc. (NYSE: UDR) lifts 2026 outlook after solid Q2 earnings

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