UDR repurchases $300M stock, sells $404M in assets as same-store NOI growth slows to 0.3%

Filed July 28, 2026 · Period ending June 30, 2026 · Compared to 10-Q Jul 31, 2025 · ~2 min read

Key Changes

• high

  Same-store NOI growth decelerated sharply to 0.3% (H1 2026) from 2.6% (H1 2025) as rental rate growth slowed from 1.3% to 0.7%, occupancy fell 50 basis points to 96.6%, and operating expenses accelerated from 2.4% to 3.5% growth driven by utilities, real estate taxes, and repair costs.

  MD&A: Same-Store Performance verify on EDGAR →
• high

  Company repurchased 8.2 million shares for $300M at an average price of $36.43 during H1 2026 after no buyback activity in the prior year, with Board authorizing an additional 25 million shares for repurchase in May 2026.

  MD&A: Capital Allocation verify on EDGAR →
• high

  Sold five communities (1,365 homes) for $403.5M gross proceeds with $193.1M in gains, up from two communities (373 homes) for $211.5M with $47.9M in gains in H1 2025, while consolidated portfolio shrank from 168 to 162 communities.

  MD&A: Dispositions verify on EDGAR →