UDR, Inc.
For the period ended Nov 2, 2026. Filed Nov 2, 2026.
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Nov 2, 2026 · Filed Nov 2, 2026
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UDR$36.58-1.2%Stored close · as of Nov 6, 2026
Contents
EX-99.2 · Same-Store Operating Expense Information
Same-Store Operating Expense Information
(Dollars in Thousands)
(Unaudited) (1) (2)
| | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|
| | | % of 3Q 2026 | | | | | | | | |
| | | SS Operating | | | | | | | | |
| Year-Over-Year Comparison · · Expenses · · 3Q 2026 · · 3Q 2025 · · % Change | ||||||||||
| | | | | | | | | | | |
| Personnel | | 14.5% | | $16,761 | | $16,220 | | 3.3% | ||
| Utilities | | 14.7% | | | 17,013 | | | 16,027 | | 6.2% |
| Repair and maintenance | | 20.2% | | | 23,361 | | | 22,886 | | 2.1% |
| Administrative and marketing | | 8.1% | | | 9,372 | | | 9,214 | | 1.7% |
| Controllable expenses | | 57.5% | | | 66,507 | | | 64,347 | | 3.4% |
| | | | | | | | | | | |
| Real estate taxes | | 39.0% | | $44,881 | | $43,988 | | 2.0% | ||
| Insurance | | 3.5% | | | 4,083 | | | 4,611 | | -11.5% |
| Same-Store operating expenses | | 100.0% | | $115,471 | | $112,946 | | 2.2% | ||
| | | | | | | | | | | |
| Same-Store Homes | | 44,765 | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | % of 3Q 2026 | | | | | | | | |
| | | SS Operating | | | | | | | | |
| Sequential Comparison | | Expenses | | 3Q 2026 | | 2Q 2026 | | % Change | ||
| | | | | | | | | | | |
| Personnel | | 14.5% | | $16,761 | | $16,549 | | 1.3% | ||
| Utilities | | 14.7% | | | 17,013 | | | 15,892 | | 7.1% |
| Repair and maintenance | | 20.2% | | | 23,361 | | | 21,804 | | 7.1% |
| Administrative and marketing | | 8.1% | | | 9,372 | | | 8,825 | | 6.2% |
| Controllable expenses | | 57.5% | | | 66,507 | | | 63,070 | | 5.4% |
| | | | | | | | | | | |
| Real estate taxes | | 39.0% | | $44,881 | | $44,869 | | 0.0% | ||
| Insurance | | 3.5% | | | 4,083 | | | 4,313 | | -5.3% |
| Same-Store operating expenses | | 100.0% | | $115,471 | | $112,252 | | 2.9% | ||
| | | | | | | | | | | |
| Same-Store Homes | | 44,765 | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | | | | | | | | | |
| | | % of YTD 2026 | | | | | | | | |
| | | SS Operating | | | | | | | | |
| Year-to-Date Comparison | | Expenses | | YTD 2026 | | YTD 2025 | | % Change | ||
| | | | | | | | | | | |
| Personnel | | 14.7% | | $50,174 | | $48,492 | | 3.5% | ||
| Utilities | | 14.7% | | | 50,230 | | | 46,921 | | 7.1% |
| Repair and maintenance | | 19.5% | | | 66,327 | | | 64,370 | | 3.0% |
| Administrative and marketing | | 7.8% | | | 26,496 | | | 25,733 | | 3.0% |
| Controllable expenses | | 56.7% | | | 193,227 | | | 185,516 | | 4.2% |
| | | | | | | | | | | |
| Real estate taxes | | 39.6% | | $134,682 | | $131,526 | | 2.4% | ||
| Insurance | | 3.7% | | | 12,733 | | | 13,121 | | -3.0% |
| Same-Store operating expenses | | 100.0% | | $340,642 | | $330,163 | | 3.2% | ||
| | | | | | | | | | | |
| Same-Store Homes | | 44,350 | | | | | | | | |
| (1) | See Attachment 14 for definitions and other terms. |
| (2) | Excludes the 19 communities totaling 7,059 apartment homes that comprise the joint venture with Apollo which closed on October 30, 2026. These communities are in our Same-Store Communities as of September 30, 2026 for purposes of our segment reporting in accordance with GAAP to be included in our 10-Q for the quarter ended September 30, 2026, but will be excluded in all future periods. This joint venture will be consolidated within the Company’s financial statements. |
Attachment 7
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