UDR jumps on FY forecast lift, Apollo deal

By Reuters News13:43 (UTC), 21 October 2026 Updated

** Shares of real estate investment trust UDR UDR.N rise 1.6% to $35

** UDR lifts its FY net income forecast to $1.58 - $1.60 per diluted share, from $1.03 - $1.11

** DR announces a $2 billion joint venture with alternative asset manager Apollo Global Management APO.N

** APO will invest $1.34 billion for about a two-thirds stake, with UDR retaining management control and a one-third interest

** Average analyst rating is "hold", with 9 "strong buy" or "buy", 12 "hold" and 2 "sell"; median PT is $40 - data compiled by LSEG

** Including session moves, stock had fallen about 6% YTD

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.