Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
UDR delivered strong Q1 FY2026 results with revenue up 0.9% to $425.8M, while net income surged 147.4% to $189.8M and operating income nearly doubled to $229.8M, driven by significant margin expansion.
Revenue
$425.85M
+0.92% YoY
EPS (Diluted)
$0.57
+147.83% YoY
Operating Income
$229.81M
+88.06% YoY
Source: SEC XBRL
Udr (UDR) reported Q1 FY2026 revenue of $425.85M, up 0.9% year over year. Operating margin was 54.0%, up 25.0 points from 29.0% a year earlier. Operating cash flow was $128.74M, down 17.6% year over year. UDR's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 1 beat
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.10 | 0.12 | Miss -13.3% |
| Mar 2026This filing | 0.57 | 0.11 | Beat +413.1% |
| Dec 2025 | 0.08 | 0.15 | Miss -47.6% |
| Sep 2025 | 0.12 | 0.13 | Miss -8.6% |
Reported EPS of $0.57 versus the $0.11 analyst consensus — a +413.1% beat for Mar 2026.
Compiled by AI from this SEC filing
Total revenue increased 0.9% year-over-year to $425.8M in Q1 FY2026 from $421.9M in Q1 FY2025, reflecting continued demand for UDR's multifamily apartment communities despite a competitive rental market environment.
Source: 10-Q Income Statement
Operating income surged 88.1% year-over-year to $229.8M from $122.2M, with operating margin expanding approximately 25 percentage points to 54.0%, suggesting significant improvement in cost management or one-time gains within the period.
Source: 10-Q Income Statement
Net income jumped 147.4% to $189.8M from $76.7M in the prior-year period, with net margin reaching 44.6%, a substantial improvement that likely reflects both operational gains and potential asset disposition proceeds.
Source: 10-Q Income Statement
Investing cash flow turned strongly positive at $283.7M versus $17.8M in Q1 FY2025, a 1,492% increase, suggesting UDR executed significant property dispositions or asset sales during the quarter to optimize its portfolio.
Source: 10-Q Cash Flow Statement
UDR deployed $100M in share buybacks during Q1 FY2026, while financing cash outflows totaled $414.5M, reflecting active capital allocation including debt reduction as long-term debt declined 2.5% year-over-year to $5.66B.
Source: 10-Q Cash Flow Statement & Balance Sheet
Compiled by AI from this SEC filing · 3 high, 2 medium, 0 low
UDR carries $5.66B in long-term debt against stockholders' equity of $3.29B, resulting in a debt-to-equity ratio of approximately 1.90. As a REIT with significant floating or refinanceable debt, rising or sustained high interest rates could materially increase borrowing costs and compress funds from operations.
Source: 10-Q Balance Sheet
Operating cash flow fell 17.6% year-over-year to $128.7M in Q1 FY2026, even as net income surged, suggesting that the income improvement may be driven by non-cash or non-recurring items rather than core cash generation. Sustained weakness in operating cash flow could pressure dividend sustainability.
Source: 10-Q Cash Flow Statement
Total assets declined 3.8% year-over-year to $10.33B, likely reflecting property dispositions. While this may be a strategic portfolio optimization, a shrinking asset base could limit future revenue growth potential if reinvestment does not keep pace.
Source: 10-Q Balance Sheet
Stockholders' equity declined 1.4% year-over-year to $3.29B despite strong net income, suggesting that dividends and share buybacks ($100M in Q1 alone) are returning capital faster than earnings are building equity. This limits the balance sheet buffer against downturns.
Source: 10-Q Balance Sheet
Cash and equivalents stood at only $1.3M at quarter end, an extremely thin liquidity buffer for a company with $5.66B in long-term debt. UDR relies heavily on credit facilities and capital markets access, making it vulnerable to credit market disruptions.
Source: 10-Q Balance Sheet
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $M | 425.85 $M | 421.95 $M | +0.92% |
Operating Income $M | 229.81 $M | 122.20 $M | +88.06% |
Net Income $M | 189.83 $M | 76.72 $M | +147.43% |
EPS (Basic) $ | 0.58 $ | 0.23 $ | +152.17% |
EPS (Diluted) $ | 0.57 $ | 0.23 $ | +147.83% |
Answers draw on this SEC filing and the data on this page
UDR reported stable Same-Store operating metrics (96.6% weighted average physical occupancy, $2,642 monthly income per occupied home) for Q2 2026, while actively recycling capital through property dispositions (including a $362.0M four-community sale and a $41.5M Nashville sale generating a combined ~$193.1M in gains) and repurchasing $200.3M of common stock during the quarter, though XBRL income statement, balance sheet, and cash flow figures were not provided in this dataset.
UDR delivered strong FY2025 results with revenue growing 2.4% to $1.71B, while net income surged 321.6% to $377.7M driven by significantly improved operating margins and disciplined cost management.
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