Filing Flows › UDR (UDR) › Q2 2026
UDR (UDR) Q2 2026 earnings results (second quarter 2026)
10-Q filed Jul 28, 2026
UDR (UDR) reported revenue of $425M for the second quarter 2026 (Q2 2026), 0% from a year earlier and -0.1% from the quarter before. Operating margin was 27.2%, net earnings $69.0M (16.2% of revenue).
UDR, Q2 2026: revenue $425M (0% year over year), operating margin 27.2%, net earnings $69.0M, operating cash flow $262M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $425M | -0.1% | 0% |
| Operating profit | $116M | -50% | +50% |
| Net earnings | $69.0M | -64% | +83% |
| Operating cash flow | $262M | +104% | +5% |
| Free cash flow | $201M | +136% | +6% |
What changed
Revenue was $425.4M in Q2 2026, roughly flat year over year and roughly flat from the previous quarter.
Operating profit was $115.9M, a 27.2% margin (up 9.0 points year over year). Total costs fell 11% while revenue was flat. Net earnings were $69.0M, up 83% year over year. The effective tax rate was 0.6%.
Operating cash flow was $262.2M (up 5% year over year), 356% of net income including minority interests. Non-cash charges added back $163.6M of depreciation and amortization and $6.9M of share-based compensation. Working capital and other items added $18.1M. Capital expenditures of $60.7M left free cash flow of $201.5M.
Questions
What was UDR's revenue in the second quarter 2026?
UDR (UDR) reported revenue of $425M for the second quarter 2026 (Q2 2026), 0% from a year earlier and -0.1% from the quarter before.
Was UDR profitable in the second quarter 2026?
Operating profit was $116M (27.2% of revenue) and net earnings $69.0M.
Source: UDR 10-Q on SEC EDGAR.