UDR, Inc. (UDR)

Real Estate · Multi-Family Residential REITs · US stock · S&P 500 component

$36.18 ▲ +1.14 (3.25%)

At close 22 Oct 2026 · USD · Volume 5,778,519

Compare with VMRK

Interactive chart Research report Forecast ranges Pro workspace SEC filings Historical data

Fair valueFair

$39 +8.9% to fair value

$20fair band $34–$48$59

Day's range

$35.04 – $36.42

52-week range

$32.94 – $42.00

About UDR, Inc.

UDR is a real estate investment trust that owns, operates and develops apartment communities in markets across the United States. It leases apartments to residents, typically for about a year at a time. Revenue comes mostly from rent, supplemented by fees and other property income, and results are shaped by occupancy, rental rates in each metropolitan area and the costs of operating and maintaining the properties.

UDR, Inc. generated $1.7 billion of revenue in the last twelve months, with sales that grew 4.1% a year over the past three years. Net debt to EBITDA is 5.8 times. The operating margin is 38.5% and the return on invested capital is 7%. The company pays a dividend with a yield of 4.0%. Its X-Ray Score is 50 out of 100.

Price chart

Interactive chart Historical data & CSV

52-wk range $32.94 – $42.00Volume 5,778,519Daily, split-adjusted

Vitals

Market cap$12.0B

52-week range$32.94 – $42.00

Volume (last day)5,778,519

P/E (TTM)24.4

EBIT / EV yield3.7%

Free-cash-flow yield–

Dividend yield4.0%

Revenue (TTM)$1.7B

Net income (TTM)$491M

Operating margin38.5%

Return on capital6.5%

Debt incl. leases$5.8B

Cash & securities$1M

Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.

Fair value estimate

$39middle half of models $39 – $40

Fair +8.9% to fair value

Average of the 4 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is High, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.

Peak-cycle earnings: the current operating margin is more than 1.5x its 7-year average, so multiples applied to today's profit may overstate value; model uncertainty is set to High

Price $36

Undervalued < $34Fair $34 – $48Overvalued > $48

P/B multiple

$36

P/S multiple

$40

P/FFO multiple

$42

P/AFFO multiple

$40

Dividend discount, stable · not used

$81

Dividend discount, multi-stage · not used

$136

A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.

What this means

Weak business, fairly priced

The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.

Before you invest · decision checklist

I understand how this company makes money Business quality is average or better 47 The price is not above fair value $39 fair value Debt looks manageable 5.8× EBITDA Revenue has been growing 4.1% a year Profits are backed by cash There are no red flags none raised I know what share of my savings this would be

Ticked boxes are filled in from our data; the rest are yours to answer.

The five-lens scan

Every score explained in one sentence, ranked against Real Estate peers. Open a lens to see the numbers behind it.

Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data

Valuation Fair

55/100

Priced about in line with its sector.

See the numbers →

EBIT / EV yield3.7%

Fair value vs price1.1×

Growth Fair

53/100

Growing at a typical pace for its sector.

See the numbers →

Revenue growth (3y)4.1%

EPS growth (3y)63.2%

Growth consistency100%

Profitability Weak

44/100

Earns lower returns on its capital than most peers.

See the numbers →

Return on invested capital6.5%

Operating margin38.5%

Financial health Fair

50/100

Balance sheet is in typical shape for its sector.

See the numbers →

Piotroski F-Score7 / 9

Net debt / EBITDA5.8×

Interest cover3.3×

Dividends Weak

47/100

Dividend is modest or less certain than peers.

See the numbers →

Dividend yield4.0%

Dividend growth5.5%

Quarterly results: last 6 quarters

+2.3%

Dec '24

+2.0%

Mar '25

+2.4%

Jun '25

+2.8%

Sep '25

+2.5%

Dec '25

+0.9%

Mar '26

Revenue against the same quarter a year earlier. Latest quarter revenue $426M, diluted EPS $0.57.

Compare with peers

VMRK Vivmark Residential62 CPT Camden Property Trust58 ESS Essex Property Trust,...48 MAA Mid America Apartment...47

Other Multi-Family Residential REITs companies by X-Ray Score.

SWOT analysis: UDR, Inc.

Strengthsinside the company

Earnings per share have compounded at 63.2% a year over three years.
Passes 7 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.

Weaknessesinside the company

Net debt is 5.8x EBITDA, above the 3x level that lenders usually watch.

Opportunitiesvaluation and setting

Trades at 24.3x earnings, 29% below the 34.3x median of industry peers.

Threatsvaluation and setting

Heavy debt makes profits sensitive to interest rates and refinancing conditions.
Valuation uncertainty is high: the models give widely different values, so the fair value range is wide.
Our Market Compass rates the backdrop for Real Estate as unfavourable.

Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.

Compare UDR with peers and sector

Medians of 4 Multi-Family Residential REITs peers and of 28 Real Estate stocks in our universe. Largest peers (X-Ray Score): VMRK 62, ESS 48, MAA 47, CPT 58.

Metric	UDR	Peers	Sector
X-Ray Score (out of 100)	50	53	52
Valuation	55	64	52
Growth	53	38	56
Profitability	43	57	53
Financial health	50	50	56
Dividends	47	47	48

Sector leaders: highest X-Ray Score in Real Estate

UDR ranks #16 of 29 in Real Estate and #3 of 5 in Multi-Family Residential REITs by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.

Company	X-Ray Score
#1 VICI Vici Properties Inc.	64
#2 ARE Alexandria Real Estate Equ...	62
#3 VMRK Vivmark Residential	62
#4 INVH Invitation Homes Inc.	59
#5 HST Host Hotels & Resorts, Inc...	59
…
#16 UDR UDR, Inc. (this stock)	50

Metric	UDR	Peers	Sector
P/E ratio	24.3x	34.3x	32.2x
PEG ratio	0.39	–	1.80
Price / book	3.6x	2.7x	2.6x
Price / sales	7.0x	7.3x	7.0x
EV / EBITDA	17.6x	19.9x	18.7x
Price / free cash flow	–	–	21.4x
Dividend yield	4.0%	4.3%	4.2%
Gap to our fair value	+8.9%	+16.0%	+6.5%

Metric	UDR	Peers	Sector
Price change, 1 month	+6.1%	+3.5%	+2.0%
Price change, 3 months	−7.8%	−6.2%	−6.2%
Price change, 6 months	+6.1%	+4.3%	+1.6%
Price change, 1 year	+2.4%	+3.4%	+2.3%

Metric	UDR	Peers	Sector
Market value	$12.0B	$16.2B	$25.3B
Revenue (last 12 months)	$1.7B	$2.1B	$4.1B
EBITDA (last 12 months)	$1.0B	$1.2B	$2.3B
Net income (last 12 months)	$491M	$414M	$869M
Free cash flow (last 12 months)	–	–	$1.3B

Metric	UDR	Peers	Sector
Revenue growth, last year	+2.4%	+2.9%	+5.1%
Revenue growth, 3 years a year	+4.1%	+3.2%	+7.1%
EPS growth, 3 years a year	+63.2%	+0.6%	−3.5%
Free cash flow growth, 3 years a year	–	–	+0.9%
Dividend growth	+5.5%	+5.0%	+9.4%

Metric	UDR	Peers	Sector
Gross margin	–	–	70.1%
EBITDA margin	58.7%	55.5%	62.1%
Operating margin	38.5%	32.5%	32.5%
Net margin	28.6%	21.8%	21.2%
Return on invested capital	6.5%	9.3%	7.7%
Return on equity	14.9%	8.3%	7.2%

Metric	UDR	Peers	Sector
Net debt / EBITDA	5.8x	–	4.6x
Interest cover	3.3x	3.1x	3.5x
Current ratio	–	–	0.9x
Piotroski F-score (0 to 9)	7	6	6

Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.

Factor ratings for UDR

Each factor is rated by where UDR stands among the 29 Real Estate stocks in our universe.

Rating against the sector

Goodthe top third of these stocks

Averagethe middle third of these stocks

Badthe bottom third of these stocks

"Beats" is the share of those stocks it is ahead of.

Against its own history

The last columns set today's figure against the company's own median of its last five financial years:

▲ Betterbetter than its usual level

▼ Worseworse than its usual level

≈ In linewithin its usual range

For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.

In total: 6 Good · 7 Average · 4 Bad of 17 Growth: 1 · 0 · 2 Profitability: 2 · 2 · 0 Financial strength: 1 · 1 · 1 Valuation: 1 · 2 · 1 Cash flow: 1 · 2 · 0

Factor	UDR	Rating	Sector median	Own 5-year median	Against own history
Growth
Revenue growth, 3 years a year	+4.1%	Bad beats 29%	+6.8%	–	–
Revenue growth, last year	+2.4%	Bad beats 22%	+5.1%	+4.0%	≈ In line
EPS growth, 3 years a year	+63.2%	Good beats 94%	−1.9%	–	–
Profitability
Operating margin	38.5%	Average beats 56%	34.3%	20.8%	▲ Better
Net margin	28.6%	Good beats 74%	21.5%	11.6%	▲ Better
Return on invested capital	6.5%	Average beats 40%	7.5%	–	–
Return on equity	14.9%	Good beats 75%	7.3%	4.4%	▲ Better
Financial strength
Net debt / EBITDA	5.8x	Bad beats 25%	4.6x	5.9x	≈ In line
Interest cover	3.3x	Average beats 48%	3.4x	1.6x	▲ Better
Piotroski F-score	7 / 9	Good beats 69%	6 / 9	–	–
Valuation
P/E ratio	24.3x	Good beats 77%	32.1x	120.6x	▲ Better
Price / book	3.6x	Bad beats 25%	2.6x	3.7x	≈ In line
Price / sales	7.0x	Average beats 50%	7.0x	8.2x	▲ Better
EV / EBITDA	17.6x	Average beats 56%	18.6x	19.3x	≈ In line
Cash flow
Free cash flow margin	51.0%	Good beats 71%	44.6%	52.4%	≈ In line
Cash from operations / net income	1.78	Average beats 38%	1.91	4.43	▼ Worse
Accruals (lower is better)	−3.7%	Average beats 50%	−3.7%	–	–

These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.

Fundamentals checklist

● 3 Good · ● 6 Average · ● 2 Bad

Cash quality

Earnings backed by cashAverage

Risk models

Piotroski F-ScoreGood

Growth

EPS growth (3y)Good

Revenue growth (3y)Bad

Growth consistencyGood

Balance sheet

Net debt / EBITDABad

Interest coverAverage

Valuation

Fair value vs priceAverage

EBIT / EV yieldAverage

Profitability

Return on invested capitalAverage

Operating marginAverage

Each check is graded against the company's sector, not a fixed number. Checklist score 52/100.

Financials

	FY21	FY22	FY23	FY24	FY25
Revenue	$1.3B	$1.5B	$1.6B	$1.7B	$1.7B
Operating income	$268M	$251M	$635M	$285M	$554M
Net income	$150M	$87M	$444M	$90M	$378M
Operating cash flow	$664M	$820M	$833M	$877M	$903M
Operating margin	20.8%	16.5%	39.0%	17.0%	32.3%
Free cash flow	–	–	–	–	–
Diluted EPS	$0.48	$0.26	$1.34	$0.26	$1.13

Fiscal years, from SEC filings.

Technical summary

Daily

Neutral

8 bullish · 1 neutral · 7 bearish

Weekly

Bearish

4 bullish · 1 neutral · 7 bearish

Monthly

Bearish

2 bullish · 1 neutral · 5 bearish

Moving averages (daily)

SMA 10	34.33	Bullish
EMA 10	34.54	Bullish
SMA 20	34.00	Bullish
EMA 20	34.38	Bullish
SMA 50	35.23	Bullish
EMA 50	35.12	Bullish
SMA 100	36.96	Bearish
EMA 100	35.88	Bullish
SMA 200	36.36	Bearish
EMA 200	36.25	Bearish

Oscillators (daily)

RSI (14)	68.07	Neutral
MACD (12, 26)	-0.02	Bearish
Momentum (12)	6.69	Bullish
Stochastic %K (14)	92.77	Bearish
Williams %R (14)	-7.23	Bearish
CCI (20)	351.9	Bearish

Pivot points (classic, last session)

33.96

34.50

35.34

Pivot

35.88

36.72

37.26

38.10

Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.

Dividends

Paid, last 12 months

1.44 USD

Yield on today's price

3.99%

Frequency

Quarterly

Next ex-dividend date

16 Nov 2026

Ex-dividend date	Amount per share
15 Dec 2026 (upcoming)	0.1450
16 Nov 2026 (upcoming)	0.1450
19 Oct 2026	0.1450
15 Sep 2026	0.1450
17 Aug 2026	0.1450
17 Jul 2026	0.1450
15 Apr 2026	0.4350
12 Jan 2026	0.4300
9 Oct 2025	0.4300
10 Jul 2025	0.4300
10 Apr 2025	0.4300
10 Jan 2025	0.4250

Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.

ETFs that hold UDR

ETF	Share of the fund
REZ iShares Residential and Multisector Re...	2.66%
SPHD Invesco S&P 500 High Dividend Low Vola...	1.95%
ICF iShares Cohen & Steers REIT	1.51%
SPYD SPDR Portfolio S&P 500 High Dividend	1.27%
XLRE The Real Estate Select Sector SPDR	1.22%
RWR SPDR Dow Jones REIT	1.11%
USRT iShares Core U.S. REIT	1.00%
SPLV Invesco S&P 500 Low Volatility	0.95%

The eight funds with the largest weight in UDR among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.