UDR (NYSE: UDR) expands buyback to 30M shares, over $1B capacity
Rhea-AI Filing Summary
UDR, Inc. announced that its Board of Directors has authorized a new stock repurchase program covering up to 25 million additional common shares, effective immediately. Combined with the remaining 4.6 million shares under the 2008 program, UDR now has capacity to repurchase approximately 30 million shares, which equates to more than $1 billion at recent share prices.
Repurchases may occur in open-market, block, privately negotiated, or other transactions, with no set expiration date, and the company can terminate the program at any time. The existing 2008 program remains in place and is not modified or superseded by this new authorization.
Positive
- Board authorizes substantial buyback capacity: UDR can now repurchase up to approximately 30 million shares of common stock, representing more than $1 billion at current share price levels.
Negative
- None.
Insights
UDR adds over $1B of buyback capacity, expanding flexibility to repurchase shares.
UDR has increased its share repurchase program by 25 million shares, bringing total capacity to about 30 million shares, or more than $1 billion at current prices. The earlier January 2008 authorization remains active alongside this new approval.
The company can execute repurchases through open-market, block, privately negotiated, or other transactions, with no expiration date, and may end the program at any time. Actual activity will depend on factors such as share price, corporate and regulatory requirements, and broader market conditions as described in the announcement.
For investors following multifamily REITs, future disclosures in periodic reports can clarify how much of this capacity is utilized over time and how repurchases interact with funding needs for developments, including the 59,782 apartment homes owned or held as of March 31, 2026.
8-K Event Classification
Key Figures
Key Terms
forward-looking statements regulatory
multifamily real estate investment trust financial
Debt and Preferred Equity Program financial
Inline XBRL technical
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
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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:
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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 8.01 Other Events.
On May 4, 2026, UDR, Inc. (the “Company”) announced that its Board of Directors has authorized the Company to repurchase up to 25 million shares of its common stock, effective immediately. The 25 million shares that the Company is authorized to repurchase under the stock repurchase program announced on May 4, 2026 is in addition to the remaining 4.6 million shares of common stock that the Company is authorized to repurchase under its existing stock repurchase program approved by the Company’s Board of Directors in January 2008. The Company’s existing stock repurchase program approved in January 2008 will not be modified or superseded by the Company’s stock repurchase program announced on May 4, 2026.
A copy of the press release relating to the Company’s stock repurchase program is attached as Exhibit 99.1 to this report and is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Ex. No. | | Description |
99.1 | Press Release. | |
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. | ||||
May 4, 2026 | By: | /s/ David D. Bragg | ||
David D. Bragg | ||||
Senior Vice President and Chief Financial Officer | ||||
(Principal Financial Officer) | ||||
Exhibit 99.1
UDR, Inc. Expands Share Repurchase Program to Approximately 30 Million Shares
Denver, CO., May 4, 2026 – UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment trust, today announced that its Board of Directors has authorized increasing its share repurchase program by 25 million shares, effective immediately. This increase gives the Company the ability to repurchase a total of approximately 30 million shares, which equates to more than $1 billion at current share price levels.
Share repurchases under this program may be made from time to time in open-market purchases, in block purchases, in privately negotiated transactions or otherwise as determined by the Company. The timing and actual number of shares repurchased will depend on a variety of factors including price, corporate and regulatory requirements, and other market conditions. The share repurchase program does not have an expiration date and may be terminated at any time without prior notice.
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 March 31, 2026, UDR owned or had an ownership position in 59,782 apartment homes, including 300 apartment homes under development. For over 53 years, UDR has delivered long-term value to shareholders, the best standard of service to residents, and the highest quality experience for associates. Additional information can be found on the Company’s refreshed Investor Relations website at ir.udr.com.
Contact: UDR, Inc.
Trent Trujillo
ttrujillo@udr.com
720-283-6135