Multifamily REIT UDR, Inc. (NYSE: UDR) raised its full-year 2026 guidance for net income and Funds From Operations as Adjusted (FFOA) per share. The revision was announced alongside preliminary third-quarter results.
UDR and Apollo (NYSE: APO) also announced plans to form a new long-term strategic joint venture. The venture will own a diversified portfolio of 19 high-quality apartment communities. The portfolio comprises 7,059 units and is valued at approximately $2.0 billion. UDR will continue to manage and operate the portfolio.