UDR, Apollo Form $2.0 Billion Strategic Partnership

UDR and Apollo are forming a $2B joint venture for 19 apartment properties. Apollo will invest $1.34B for a two-thirds stake, while UDR retains one-third and will manage the portfolio. UDR plans to use proceeds for high-growth assets, debt reduction, and corporate purposes. The transaction implies a 6% cap rate and is expected to close on Oct. 29.

UDR, Inc. (UDR) reported Q3 net income of $0.67 per share, exceeding prior guidance. FFOA per share hit $0.65, the top of its range. The company raised FY26 net income outlook to $1.58-$1.60 and adjusted FFO to $2.54-$2.56. Pre-market, UDR shares rose 2.44% to $35.25.

UDR and Apollo Global Management announced a $2.0B joint venture. UDR contributed 19 apartment communities, while Apollo invested $1.34B. UDR will manage the portfolio, earning an asset management fee. Apollo owns two-thirds, UDR one-third. UDR plans to use proceeds for growth, debt reduction, and corporate purposes. The deal implies a 6.0% capitalization rate. Both stocks rose in premarket trading.

UDR and Apollo Global Management plan a joint venture for 19 apartment communities valued at $2.0 billion. Apollo will invest $1.34 billion for a two-thirds stake, with UDR managing the portfolio and retaining a one-third interest. The deal is expected to close in 2026. UDR and APO shares showed positive pre-market and trading movements.

UDR, Inc. (UDR) filed an SEC Form 8-K — Results of Operations and Financial Condition. ​ ​ ​ ​ ​ ​ Exhibit 99.1 ​ Press Release ​ ​ ​ ​ DENVER, CO – October 21, 2026 ​ ​ Contact: Trent Trujillo ​ ​ ​ ​ Email: ttrujillo@udr.com ​ UDR, INC. RAISES FULL-YEAR 2026 GUIDANCE RANGES AND PROVIDES PRELIMINARY THIRD QUARTER 2026 RESULTS UDR, Inc. (the “Company”) (NYSE: UDR),

UDR, Inc. raised its full-year 2026 guidance and issued preliminary Q3 2026 results. Net income per diluted share is expected at $0.67, up from prior guidance of $0.13–$0.15. FFOA per diluted share is expected at $0.65, the high end of prior guidance.