UDR

UDR's stock price declined by 13.30% between May 7, 2025, and May 6, 2026. In late Q3 2025, demand weakened, leading to a focus on occupancy, which reached nearly 97%, though new lease growth fell to negative 8% in October 2025, while renewals were at 2%. UDR shifted approximately 25% of its Q4 2025 lease expirations into higher-demand months in 2026, improving new lease rate growth by 550 basis points, renewals by 300 basis points, and blended lease rate growth by 400 basis points to positive 1%. In Q1 2026, results aligned with expectations, featuring blended lease rate growth of 1.6%, occupancy in the mid-96% range, and mid-single-digit innovation income growth. Resident retention increased, leading to a renewal rate growth of 5.2%. The company expanded its share repurchase program and commenced a monthly dividend, maintaining its full-year 2026 same-store and earnings guidance.