Form 10-Q · Quarterly report

UDR, Inc. 10-Q, filed Jul 28, 2026

Filed
CIK
0000074208
Accession no.
0000074208-26-000073
AI-generated summary

Summary

UDR, Inc. reported that its consolidated real estate portfolio included 162 apartment communities totaling 54,173 apartment homes in 12 states and the District of Columbia as of June 30, 2026, and that it repurchased 8.2 million shares for about $300.3 million in the first half of 2026.

Key points

  • UDR's same-store portfolio included 52,426 apartment homes with 96.6% average physical occupancy for the three months ended June 30, 2026.
  • UDR repurchased 5.5 million shares at an average price of $36.49 per share for approximately $200.3 million during the three months ended June 30, 2026.
  • As of June 30, 2026, UDR had issued $480.0 million of commercial paper at a weighted average annualized rate of 4.01%, leaving $220.0 million of unused capacity.
  • UDR has approximately $28.4 million of secured debt and $780.0 million of unsecured debt maturing during the remainder of 2026.

Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.

From the filing

Item 2. MANAGEMENT’S DISCUSSION Business Overview We are a self-administered real estate investment trust, or REIT, that owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities in targeted markets located in the United States. We were formed in 1972 as a Virginia corporation. In June 2003, we changed our state of incorporation from Virginia to Maryland. Our subsidiaries include the Operating Partnership. At June 30, 2026, our consolidated real estate portfolio included 162 communities in 12 states plus the District of Columbia totaling 54,173 apartment homes. …

An excerpt of the text as filed with the SEC, cut for length.

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