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UDR
(NYSE:UDR)
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Rating:67Neutral
Price Target:
$42.00
â–²(6.09% Upside)
Action:Reiterated
Date:08/04/26
UDR scores as moderately attractive, led by strong profitability and free-cash-flow generation, plus a constructive earnings update with raised guidance and solid coastal market performance. The score is held back by elevated and rising leverage, and by mixed technicals showing weaker near-term momentum despite a still-positive longer-term trend; valuation is supportive mainly via the dividend rather than a low earnings multiple.
Positive Factors
Strong free cash flow generation
Sustained FCF (~$1.03B, +15.3% TTM) signals durable cash generation that funds dividends, buybacks, opportunistic acquisitions and development without sole reliance on external financing. This strengthens capital allocation optionality over the medium term.
Negative Factors
Elevated and rising leverage
Rising leverage to ~2.04x reduces balance-sheet flexibility and increases sensitivity to interest rates and refinancing cycles. Higher indebtedness can constrain opportunistic investment pacing and raises the stakes on execution of dispositions and development returns.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Sustained FCF (~$1.03B, +15.3% TTM) signals durable cash generation that funds dividends, buybacks, opportunistic acquisitions and development without sole reliance on external financing. This strengthens capital allocation optionality over the medium term.
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
$19.93B
Dividend Yield3.77%
Average Volume (3M)3.13M
Price to Earnings (P/E)24.2
Beta (1Y)0.46
Revenue Growth1.54%
EPS Growth310.22%
CountryUS
Employees1,420
SectorReal Estate
Sector Strength53
IndustryREIT - Residential
Share Statistics
EPS (TTM)1.58
Shares Outstanding321,264,220
10 Day Avg. Volume2,526,497
30 Day Avg. Volume3,131,656
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 Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$42.42Price Target Upside7.16% Upside
Rating ConsensusHold
Number of Analyst Covering14
EPS Forecast (FY)0.94
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:Jul 27, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 28, 2026
Earnings Call Sentiment Positive
The call was largely constructive: the company beat expectations in Q2, raised same-store and FFOA guidance, demonstrated strong coastal market rent momentum (notably San Francisco and New York), controlled expenses, advanced development projects ahead of schedule and returned capital via sizable buybacks. Challenges are concentrated in portions of the Sunbelt (negative new-lease pressure), localized market softness (e.g., Nashville, some D.C. pockets), and a strategic wind-down of the DPE book that creates modest near-term dilution risk. On balance the favorable operating execution, guidance increases, capital allocation activity, liquidity and coastal outperformance outweigh the localized and transitional headwinds.Positive Updates
Raised Full-Year Guidance and Beat Expectations
Management raised full-year same-store growth and FFOA per share guidance after Q2 results exceeded expectations. Q2 FFOA per share was $0.64 (high end of guidance), up $0.02 vs Q1, and full-year FFOA midpoint was raised by $0.01 to $2.53. Q3 FFOA guidance range is $0.63 to $0.65 (midpoint $0.64).
Negative Updates
Sunbelt New Lease Weakness
Sunbelt markets showed notable weakness: Q2 blended lease mixes in Sunbelt averaged negative ~2%. Sunbelt new-lease growth was roughly -7% to -7.5% in Q2, with month-to-date improvement to about -5.5% to -6% in July, indicating still-material headwinds.
Read all updates
Q2-2026 Updates
Positive
Negative
Raised Full-Year Guidance and Beat Expectations
Management raised full-year same-store growth and FFOA per share guidance after Q2 results exceeded expectations. Q2 FFOA per share was $0.64 (high end of guidance), up $0.02 vs Q1, and full-year FFOA midpoint was raised by $0.01 to $2.53. Q3 FFOA guidance range is $0.63 to $0.65 (midpoint $0.64).
Read all positive updates
Company Guidance
UDR raised its full‑year same‑store revenue guidance to 0.75%–2.00% (midpoint up 12.5 bps) and tightened same‑store expense midpoint to 3.25% (improved 50 bps), boosting same‑store NOI guidance by 50 bps; Q2 same‑store revenue grew 1.8% YoY driven by blended lease‑rate growth of 2.1% (H1 blended 1.9%), mid‑single‑digit innovation‑income growth, occupancy in the mid‑96% range and resident retention at a seasonal high of 60% (+140 bps). They raised full‑year FFOA midpoint $0.01 to $2.53 (Q2 FFOA $0.64; Q3 guide $0.63–$0.65, midpoint $0.64), plan to run down the DPE book from $380M at Q2 to ~$250–300M year‑end (noting ~ $0.01 initial dilution per $100M not redeployed), expect ~ $650M total 2026 dispositions at a mid‑5% cap rate (four assets ≈ $295M), expanded buyback capacity to ~30M shares (5.5M repurchased for $200M at $36.49 this quarter; 11.5M for ~$420M since Sept‑2025 at $36.34 avg, ~mid‑6% implied cap), have nearly $1B liquidity, and are developing projects (385 units and a Riverside ground‑up) targeting mid‑6% stabilized yields.UDR Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
56
Neutral
Cash Flow
77
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 | 956.08M | 438.21M | 417.01M | 392.52M | 331.03M | 228.04M |
| EBITDA | 1.32B | 1.08B | 1.00B | 1.35B | 935.33M | 968.53M |
| Net Income | 522.18M | 377.70M | 89.58M | 444.35M | 86.92M | 150.02M |
Balance Sheet | ||||||
| Total Assets | 10.27B | 10.61B | 10.90B | 11.37B | 11.04B | 10.78B |
| Cash, Cash Equivalents and Short-Term Investments | 1.19M | 36.93M | 1.33M | 2.92M | 1.19M | 967.00K |
| Total Debt | 5.99B | 6.19B | 6.01B | 5.98B | 5.68B | 5.61B |
| Total Liabilities | 7.33B | 6.46B | 6.44B | 6.42B | 6.10B | 6.00B |
| Stockholders Equity | 2.94B | 3.29B | 3.44B | 3.99B | 4.10B | 3.44B |
Cash Flow | ||||||
| Free Cash Flow | 921.61M | 613.95M | 605.16M | 520.32M | 584.06M | 497.44M |
| Operating Cash Flow | 890.71M | 902.89M | 876.85M | 832.66M | 820.07M | 663.96M |
| Investing Cash Flow | 112.30M | -150.99M | -276.35M | -289.14M | -929.53M | -1.27B |
| Financing Cash Flow | -1.00B | -750.39M | -599.94M | -538.85M | 111.23M | 612.54M |
UDR Technical Analysis
Neutral
39.59
Price Trends
38.97
Negative
37.16
Positive
36.33
Positive
Market Momentum
-0.22
Positive
41.04
Neutral
35.03
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UDR, the sentiment is Neutral. The current price of 39.59 is above the 20-day moving average (MA) of 39.26, above the 50-day MA of 38.97, and above the 200-day MA of 36.33, indicating a neutral trend. The MACD of -0.22 indicates Positive momentum. The RSI at 41.04 is Neutral, neither overbought nor oversold. The STOCH value of 35.03 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
68 Neutral | $18.88B | 74.58 | 4.33% | 3.52% | 4.74% | -48.36% | |
67 Neutral | $19.93B | 24.15 | 16.33% | 3.64% | 1.54% | 310.22% | |
67 Neutral | $24.92B | 28.77 | 8.08% | 4.11% | 4.22% | -13.36% | |
66 Neutral | $12.03B | 26.52 | 6.85% | 3.78% | 4.15% | 13.70% | |
65 Neutral | $2.17B | 12.19 | 3.79% | 4.94% | 3.15% | 1.96% | |
64 Neutral | $14.98B | 36.69 | 7.80% | 3.71% | 0.77% | 111.56% | |
59 Neutral | $15.79B | 38.70 | 7.16% | 4.56% | 0.85% | -29.53% |
* Real Estate Sector Average
UDR
UDR
38.41
1.80
4.93%
EQR
Equity Residential
67.07
6.60
10.91%
MAA
Mid-America Apartment
134.96
0.85
0.63%
ESS
Essex Property
288.10
43.27
17.67%
CPT
Camden Property
111.93
10.54
10.40%
AMH
American Homes
34.63
1.56
4.73%
UDR Corporate Events
Regulatory Filings and Compliance
UDR Issues Regulation FD Investor Information Disclosure Update
Neutral
May 29, 2026
UDR disclosed that it will make certain investor information, contained in an attached exhibit, available beginning May 29, 2026. The company emphasized that this information is being furnished rather than filed under U.S. securities laws, limitin...
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 ...
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.