Filing Flows › UDR (UDR) › Q3 2026
UDR (UDR) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 3, 2026
UDR (UDR) reported revenue of $428M for the third quarter 2026 (Q3 2026), -0.9% from a year earlier and +0.6% from the quarter before. Operating margin was 63.1%, net earnings $216M (50.5% of revenue).
UDR, Q3 2026: revenue $428M (-0.9% year over year), operating margin 63.1%, net earnings $216M, operating cash flow $202M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $428M | +0.6% | -0.9% |
| Operating profit | $270M | +133% | +254% |
| Net earnings | $216M | +213% | +435% |
| Operating cash flow | $202M | -23% | -14% |
| Free cash flow | $135M | -33% | -18% |
What changed
Revenue was $428.1M in Q3 2026, down 1% year over year and up 1% from the previous quarter.
Operating profit was $270.2M, a 63.1% margin (up 45.4 points year over year). Total costs fell 56% while revenue fell 1%. Net earnings were $216.1M, up 435% year over year. The effective tax rate was 0.2%.
Operating cash flow was $201.8M (down 14% year over year), 87% of net income including minority interests. Non-cash charges added back $165.0M of depreciation and amortization and $8.0M of share-based compensation. Working capital and other items used $202.2M. Capital expenditures of $67.1M left free cash flow of $134.7M.
Questions
What was UDR's revenue in the third quarter 2026?
UDR (UDR) reported revenue of $428M for the third quarter 2026 (Q3 2026), -0.9% from a year earlier and +0.6% from the quarter before.
Was UDR profitable in the third quarter 2026?
Operating profit was $270M (63.1% of revenue) and net earnings $216M.
Source: UDR 10-Q on SEC EDGAR.