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UDR
(NYSE:UDR)
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Rating:76Outperform
Price Target:
$43.00
â–²(21.88% Upside)
Action:Reiterated
Date:05/28/26
UDR’s score is driven primarily by strong cash flow generation and healthy recent profitability, supported by a constructive technical uptrend. Valuation is aided by a solid dividend yield and reasonable P/E, while the earnings-call outlook is steady (guidance maintained) but tempered by expense pressure, Sunbelt softness, and regulatory risks.
Positive Factors
Cash Generation
Consistently large operating cash flow and TTM free cash flow exceeding net income indicate durable earnings quality and internal funding capacity. This underpins dividend coverage, buybacks, debt service and redevelopment, giving multi‑quarter flexibility even during cyclical softness.
Negative Factors
Elevated Leverage
Material annual leverage levels raise refinancing and interest‑rate exposure for a capital‑intensive REIT. Divergent TTM vs. annual metrics reduce clarity on true indebtedness, potentially constraining future acquisitions or requiring heavier capital allocation to delever over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Consistently large operating cash flow and TTM free cash flow exceeding net income indicate durable earnings quality and internal funding capacity. This underpins dividend coverage, buybacks, debt service and redevelopment, giving multi‑quarter flexibility even during cyclical softness.
Read all positive factors
UDR Key Performance Indicators (KPIs)
Any
Total Homes by Geography
Shows the distribution of UDR's property portfolio across different regions, highlighting areas of strategic focus and potential exposure to regional market trends.
Shows the distribution of UDR's property portfolio across different regions, highlighting areas of strategic focus and potential exposure to regional market trends.
Data provided by:
The Fly
The FlyUDR (UDR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$20.96B
Dividend Yield4.81%
Average Volume (3M)5.26M
Price to Earnings (P/E)27.1
Beta (1Y)0.44
Revenue Growth2.15%
EPS Growth312.38%
CountryUS
Employees1,419
SectorReal Estate
Sector Strength53
IndustryREIT - Residential
Share Statistics
EPS (TTM)1.48
Shares Outstanding324,915,650
10 Day Avg. Volume4,456,821
30 Day Avg. Volume5,259,602
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)3.68
Price to Sales (P/S)7.08
P/FCF Ratio19.73
Enterprise Value/Market Cap0.86
Enterprise Value/Revenue10.53
Enterprise Value/Gross Profit22.90
Enterprise Value/Ebitda13.92
Forecast
1Y Price Target
$40.67Price Target Upside15.27% Upside
Rating ConsensusHold
Number of Analyst Covering13
EPS Forecast (FY)0.79
Revenue Forecast (FY)$1.71B
UDR Business Overview & Revenue Model
Company Description
UDR, Inc. (NYSE: UDR), a distinguished S&P 500 company, stands as a premier multifamily real estate investment trust. The company boasts a proven history of generating exceptional and reliable returns for its investors, achieving this through the ...
How the Company Makes Money
UDR primarily makes money by generating rental revenue from leasing apartment units across its multifamily portfolio. Key revenue streams include (1) recurring monthly rent paid by residents under lease agreements, which is the main driver of reve...
UDR Earnings Call Summary
Earnings Call Date:Apr 29, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Jul 29, 2026
Earnings Call Sentiment Positive
The call conveyed a constructive operational and capital allocation story: strong occupancy, elevated resident retention and renewal growth, concrete capital market actions (dispositions, DPE repayments, share repurchases), liquidity in excess of $1 billion, and positive market outperformance in coastal metros (notably San Francisco and New York). Near-term headwinds include elevated weather-driven expenses, a modest sequential FFOA decline versus prior year, and softening in parts of the Sunbelt, together with regulatory uncertainty in select markets. On balance, management presented multiple offsetting positives and a clear plan to deploy capital accretively.Positive Updates
Strong Occupancy and Resident Retention
Portfolio started the year with ~97% occupancy; Q1 occupancy in the mid-96% range. Resident retention at an all-time high and 300 basis points higher year-over-year; reported turnover of ~29% (substantially below historical averages).
Negative Updates
Elevated Same-Store Operating Expense Growth
Same-store expense growth was 4.4% in Q1, elevated by approximately $1.4 million of incremental winter-storm-related costs (snow removal, higher utilities). Management said normalizing for these items would improve expense performance by roughly 100 basis points.
Read all updates
Q1-2026 Updates
Positive
Negative
Strong Occupancy and Resident Retention
Portfolio started the year with ~97% occupancy; Q1 occupancy in the mid-96% range. Resident retention at an all-time high and 300 basis points higher year-over-year; reported turnover of ~29% (substantially below historical averages).
Read all positive updates
Company Guidance
UDR said it is maintaining its full‑year 2026 same‑store and earnings guidance after a solid start: Q1 results were in line with expectations (Q1 FFOA per share $0.62, at the midpoint), same‑store revenue +90 bps Y/Y, same‑store expense growth 4.4% (would be ~100 bps lower excluding ~$1.4M of storm-related costs), and resident retention at an all‑time high (300 bps above prior year) with renewal rate growth of 5.2% (up 70 bps Y/Y); the company began the year with occupancy ~97% and continues to expect Q2 blended lease rate growth of 1.5%–2.0%, occupancy in the mid‑96% range, and Q2 FFOA per share of $0.62–$0.64 (midpoint $0.63, ~2% sequential increase), noting the full‑year guide assumes first‑half blended lease growth will equal the second half and will be reassessed next quarter.UDR Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
64
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.72B | 1.71B | 1.67B | 1.63B | 1.52B | 1.29B |
| Gross Profit | 789.47M | 438.21M | 417.01M | 392.52M | 331.03M | 228.04M |
| EBITDA | 1.30B | 1.08B | 1.00B | 1.35B | 935.33M | 968.53M |
| Net Income | 490.81M | 377.70M | 89.58M | 444.35M | 86.92M | 150.02M |
Balance Sheet | ||||||
| Total Assets | 10.33B | 10.61B | 10.90B | 11.37B | 11.04B | 10.78B |
| Cash, Cash Equivalents and Short-Term Investments | 1.30M | 36.93M | 1.33M | 2.92M | 1.19M | 967.00K |
| Total Debt | 5.85B | 6.19B | 6.01B | 5.98B | 5.68B | 5.61B |
| Total Liabilities | 7.05B | 6.46B | 6.44B | 6.42B | 6.10B | 6.00B |
| Stockholders Equity | 3.29B | 3.29B | 3.44B | 3.99B | 4.10B | 3.44B |
Cash Flow | ||||||
| Free Cash Flow | 892.22M | 613.95M | 605.16M | 520.32M | 584.06M | 497.44M |
| Operating Cash Flow | 875.41M | 902.89M | 876.85M | 832.66M | 820.07M | 663.96M |
| Investing Cash Flow | 114.85M | -150.99M | -276.35M | -289.14M | -929.53M | -1.27B |
| Financing Cash Flow | -988.78M | -750.39M | -599.94M | -538.85M | 111.23M | 612.54M |
UDR Technical Analysis
Positive
35.28
Price Trends
37.51
Positive
36.62
Positive
35.93
Positive
Market Momentum
0.44
Negative
65.78
Neutral
77.02
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UDR, the sentiment is Positive. The current price of 35.28 is below the 20-day moving average (MA) of 38.73, below the 50-day MA of 37.51, and below the 200-day MA of 35.93, indicating a bullish trend. The MACD of 0.44 indicates Negative momentum. The RSI at 65.78 is Neutral, neither overbought nor oversold. The STOCH value of 77.02 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for UDR.
UDR Risk Analysis
UDR disclosed 62 risk factors in its most recent earnings report. UDR reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
UDR Peers Comparison
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $20.96B | 27.07 | 14.90% | 4.81% | 2.15% | 312.38% | |
73 Outperform | $12.06B | 27.39 | 6.65% | 3.81% | 5.40% | 14.43% | |
72 Outperform | $19.38B | 32.89 | 10.35% | 3.98% | 5.27% | -14.94% | |
71 Outperform | $25.45B | 27.05 | 8.71% | 4.52% | 4.66% | -4.42% | |
68 Neutral | $16.58B | 42.39 | 6.78% | 4.42% | 0.77% | -31.36% | |
67 Neutral | $15.48B | 32.21 | 8.86% | 3.90% | 1.45% | 230.03% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% |
* Real Estate Sector Average
UDR
UDR
39.92
0.93
2.38%
EQR
Equity Residential
67.93
3.57
5.55%
MAA
Mid-America Apartment
138.94
-3.42
-2.40%
ESS
Essex Property
295.93
19.66
7.12%
CPT
Camden Property
114.49
5.94
5.47%
AMH
American Homes
33.52
-0.82
-2.38%
UDR Corporate Events
Executive/Board ChangesShareholder Meetings
UDR Shareholders Back Directors, Pay and Auditor at Meeting
Positive
May 27, 2026
UDR, Inc. held its Annual Meeting of Shareholders on May 21, 2026, where investors voted on board elections, executive pay and the company’s auditor. Shareholders elected eight directors to serve until the 2027 annual meeting, with all nomin...
Business Operations and StrategyStock Buyback
UDR Expands Share Repurchase Authorization Signaling Capital Confidence
Positive
May 4, 2026
On May 4, 2026, UDR, Inc. announced that its board had expanded the company’s share repurchase capacity by authorizing an additional 25 million common shares, supplementing an existing program and bringing the total authorization to roughly ...
Business Operations and StrategyStock BuybackDividendsFinancial Disclosures
UDR Initiates Monthly Dividend After Strong Quarterly Results
Positive
Apr 29, 2026
In the quarter ended March 31, 2026, UDR reported net income of $0.57 per diluted share, sharply higher than a year earlier and well above guidance, while FFO and FFO as Adjusted grew modestly and same-store NOI declined amid higher expenses. The ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.