UDR (UDR) (UDR)
NYSE:UDR
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UDR
(NYSE:UDR)
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Rating:68Neutral
Price Target:
$41.00
â–²(22.10% Upside)
Action:ReiteratedDate:02/21/26
The score is driven primarily by solid fundamentals led by strong cash generation, supported by a cautiously constructive earnings outlook featuring strong operations but modest 2026 growth guidance. Technicals are neutral-to-slightly positive, while valuation is mixed—an attractive dividend yield is offset by a high P/E. Leverage and expense/regulatory risks are the main constraints on the score.
Positive Factors
Strong cash generation
Consistent growth in operating cash flow and materially improved free cash flow in 2025 create durable capacity to fund dividends, reinvest in properties, and execute opportunistic buybacks or JV activity. This cash generation underpins financial flexibility across business cycles.
Negative Factors
Elevated leverage
High debt relative to equity and a decline in equity pressures financial flexibility, raises refinancing and interest‑rate sensitivity, and limits ability to pursue large acquisitions. For a REIT, elevated leverage increases risk during slower NOI or cashflow periods.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Consistent growth in operating cash flow and materially improved free cash flow in 2025 create durable capacity to fund dividends, reinvest in properties, and execute opportunistic buybacks or JV activity. This cash generation underpins financial flexibility across business cycles.
Read all positive factors
UDR (UDR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$18.01B
Dividend Yield4.81%
Average Volume (3M)3.52M
Price to Earnings (P/E)32.1
Beta (1Y)0.56
Revenue Growth2.38%
EPS Growth17.42%
CountryUS
Employees1,419
SectorReal Estate
Sector Strength53
IndustryREIT - Residential
Share Statistics
EPS (TTM)0.67
Shares Outstanding328,571,960
10 Day Avg. Volume3,607,509
30 Day Avg. Volume3,522,241
Financial Highlights & Ratios
PEG Ratio0.10
Price to Book (P/B)3.68
Price to Sales (P/S)7.08
P/FCF Ratio13.42
Enterprise Value/Market Cap0.95
Enterprise Value/Revenue10.04
Enterprise Value/Gross Profit26.87
Enterprise Value/Ebitda16.71
Forecast
1Y Price Target
$40.64Price Target Upside21.02% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering14
EPS Forecast (FY)0.49
Revenue Forecast (FY)$1.72B
UDR Business Overview & Revenue Model
Company Description
UDR, Inc. (NYSE: UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeve...
How the Company Makes Money
UDR generates revenue primarily through the leasing of residential units within its apartment communities. The company's revenue model is largely based on rental income from tenants, which provides a steady cash flow. Additionally, UDR may earn in...
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 Earnings Call Summary
Earnings Call Date:Feb 09, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 28, 2026
Earnings Call Sentiment Neutral
The call presents a balanced picture: strong operational execution (occupancy, retention, lease momentum, innovation driving other income), a solid balance sheet and active capital allocation (repurchases, JV activity, selective acquisitions) are clear positives. Offsetting these are modest 2026 financial guidance (near‑flat FFOA and minimal NOI growth), elevated expense normalization (taxes, Wi‑Fi rollout), regulatory/legal uncertainties in select markets, and a plan to be a net seller constrained by tax capacity. Given meaningful operational wins but tempered near‑term financial outlook and identifiable risks, the tone is cautiously constructive but measured.Positive Updates
FFOA Results and Guidance
Reported fourth quarter FFOA per share of $0.64 and full year 2025 FFOA per share of $2.54 (met prior guidance midpoints). 2026 FFOA per share guidance of $2.47–$2.57 (midpoint $2.52) implies <1% year‑over‑year decline at midpoint versus 2025 after excluding two non‑recurring pennies in 2025.
Negative Updates
Modest 2026 NOI and FFOA Outlook
2026 same‑store revenue guidance midpoint of 1.25% and same‑store expense growth guidance midpoint of 3.75% result in a very modest midpoint same‑store NOI growth (company cited ~0.125% at midpoint). 2026 FFOA guidance implies essentially flat to slightly lower earnings versus 2025.
Read all updates
Q4-2025 Updates
Positive
Negative
FFOA Results and Guidance
Reported fourth quarter FFOA per share of $0.64 and full year 2025 FFOA per share of $2.54 (met prior guidance midpoints). 2026 FFOA per share guidance of $2.47–$2.57 (midpoint $2.52) implies <1% year‑over‑year decline at midpoint versus 2025 after excluding two non‑recurring pennies in 2025.
Read all positive updates
Company Guidance
UDR's 2026 guidance calls for FFOA per share of $2.47–$2.57 (midpoint $2.52), a roughly 2‑cent (≤1%) decline versus 2025's $2.54 FY FFOA (Q4 $0.64), supported by same‑store revenue guidance of 0.25%–2.25% (midpoint 1.25%) and same‑store expense growth of 3.75% (midpoint) — which management says translates to about 1.25% year‑over‑year same‑store NOI growth at the midpoint. The company forecasts blended lease‑rate growth of 1.5%–2.0% on average in 2026 (≈100 bps higher than 2025), with lease rates contributing ~80 bps to revenue and innovation/other income adding ~45 bps (≈$10M or ~5% YoY; including ~$2M/1% from property‑wide Wi‑Fi), expects occupancy to remain in the mid‑to‑high 96% range, and notes historical innovation has driven ~50 bps of NOI per year. Capital priorities are being a net seller in 2026 (initial disposition pipeline reduced to ~ $700M from ~$1B, with tax‑gain capacity of a couple hundred million), continued opportunistic share repurchases after nearly $120M bought in 2025 (≈$93M at $35.56), a well‑positioned balance sheet with nearly $1B liquidity and ~12% of consolidated debt maturing through 2027, and an expected 10–25% decline in the debt/preferred equity (DPE) book.UDR Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
63
Positive
Cash Flow
80
Positive
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 1.71B | 1.67B | 1.63B | 1.52B | 1.29B |
| Gross Profit | 438.21M | 417.01M | 392.52M | 331.03M | 228.04M |
| EBITDA | 1.00B | 1.00B | 1.35B | 935.33M | 968.53M |
| Net Income | 377.70M | 89.58M | 444.35M | 86.92M | 150.02M |
Balance Sheet | |||||
| Total Assets | 10.61B | 10.90B | 11.37B | 11.04B | 10.78B |
| Cash, Cash Equivalents and Short-Term Investments | 36.93M | 1.33M | 2.92M | 1.19M | 967.00K |
| Total Debt | 6.19B | 6.01B | 5.98B | 5.68B | 5.61B |
| Total Liabilities | 6.46B | 6.44B | 6.42B | 6.10B | 6.00B |
| Stockholders Equity | 3.29B | 3.44B | 3.99B | 4.10B | 3.44B |
Cash Flow | |||||
| Free Cash Flow | 902.89M | 605.16M | 520.32M | 584.06M | 497.44M |
| Operating Cash Flow | 902.89M | 876.85M | 832.66M | 820.07M | 663.96M |
| Investing Cash Flow | -150.99M | -276.35M | -289.14M | -929.53M | -1.27B |
| Financing Cash Flow | -750.39M | -599.94M | -538.85M | 111.23M | 612.54M |
UDR Technical Analysis
Negative
33.58
Price Trends
36.85
Negative
36.05
Negative
36.84
Negative
Market Momentum
-0.93
Positive
25.70
Positive
5.78
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UDR, the sentiment is Negative. The current price of 33.58 is below the 20-day moving average (MA) of 35.76, below the 50-day MA of 36.85, and below the 200-day MA of 36.84, indicating a bearish trend. The MACD of -0.93 indicates Positive momentum. The RSI at 25.70 is Positive, neither overbought nor oversold. The STOCH value of 5.78 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | $22.47B | 21.34 | 10.14% | 4.52% | 4.78% | 24.74% | |
69 Neutral | $15.98B | 25.08 | 12.02% | 3.98% | 6.92% | 53.76% | |
68 Neutral | $18.01B | 32.08 | 11.43% | 4.81% | 2.38% | 17.42% | |
68 Neutral | $14.45B | 36.36 | 7.64% | 4.42% | 0.91% | 6.55% | |
66 Neutral | $10.00B | 26.26 | 6.35% | 3.81% | 7.63% | 23.16% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $13.39B | 31.03 | 8.50% | 3.90% | 1.41% | -21.93% |
* Real Estate Sector Average
UDR
UDR
33.58
-9.01
-21.15%
EQR
Equity Residential
58.75
-9.72
-14.20%
MAA
Mid-America Apartment
120.57
-38.45
-24.18%
ESS
Essex Property
239.61
-55.26
-18.74%
CPT
Camden Property
96.96
-20.80
-17.66%
AMH
American Homes
27.48
-8.69
-24.02%
UDR Corporate Events
Business Operations and StrategyPrivate Placements and FinancingRegulatory Filings and Compliance
UDR Updates Capital Markets Agreements for Flexible Financing
Positive
Feb 20, 2026
On February 20, 2026, UDR, Inc. amended its at-the-market sales agreement for offerings of common stock, updating the definitions of its sales agents and forward purchasers and tying the program to a new shelf registration statement filed with the...
Executive/Board Changes
UDR Expands Board With Appointment of Ellen Goitia
Positive
Jan 5, 2026
On January 5, 2026, UDR announced that it had appointed former KPMG audit leader and current Elme Communities trustee Ellen M. Goitia to its Board of Directors, effective January 1, 2026, expanding the board from nine to ten members as part of a l...
Regulatory Filings and Compliance
UDR Announces New Investor Information Release
Neutral
Dec 8, 2025
UDR has announced that information included in Exhibit 99.1 will be available to investors starting December 8, 2025. This information is being provided in accordance with Item 7.01 and will not be considered as filed under the Securities Exchange...
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.