Recent Updates — UDR

UDR announced a strategic partnership with Apollo to form a long-term joint venture involving 19 apartment communities valued at approximately $2.0 billion. Apollo will invest $1.34 billion for an approximate two-thirds interest, while UDR retains a one-third stake and continues to manage the portfolio. The transaction is expected to close on October 29, 2026, subject to customary conditions. Concurrently, UDR raised its full-year 2026 Net Income per diluted share guidance midpoint by $0.52 to $1.59 and provided preliminary third-quarter results showing Net Income of $0.67 per share. The company operates as a multifamily real estate investment trust.