United Dominion Realty Trust Beats Q2 Earnings Forecast

United Dominion Realty Trust (UDR) reported its second‑quarter 2026 results, delivering funds from operations (FFO) of $0.64 per share, far above the Zacks consensus of $0.13 per share. The REIT posted net income of $67.8 million, total revenue of $425.4 million and adjusted revenue of $422.9 million, both beating analyst expectations.

The company raised its full‑year 2026 FFO guidance to a range of $2.49‑$2.57 per share and set third‑quarter guidance at $0.64 per share. UDR also announced a monthly dividend of $0.145 per share (annualized yield of about 4.4%) payable on September 30 and authorized a share‑repurchase program for up to 25 million shares. CEO Thomas W. Toomey sold 80,000 shares valued at roughly $3.14 million. The stock closed near $39.27, giving the firm a market capitalization of approximately $12.76 billion.