UDR's 2026 FFO Estimate Lowered Amid Non-Recurring Expenses, Truist Says

03:16 PM EDT, 09/14/2026 (MT Newswires) -- UDR's (UDR) 2026 funds from operations estimate was lowered by Truist due to several non-recurring expenses recorded in Q2, the brokerage said in a Monday note. The investment firm lowered its 2026 FFO estimate to $2.49 per share from $2.50. The estimate remains within management's $2.47 to $2.55 guidance range. Truist raised its 2026 normalized FFO estimate to $2.52 per share from $2.49, excluding other charges. It also raised its 2027 FFO estimate by a penny per share to $2.54 from $2.53. However, the estimate was still below the $2.59 consensus. The investment firm expects UDR's normalized FFO to grow at an average annual rate of 1% over the next five years. Truist maintained a hold rating and lowered its price target to $38 from $41. Price: 35.28, Change: +0.16, Percent Change: +0.44