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UDR, Inc. (UDR) stock

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NYSE: UDR NYSE Multi-Family Residential REITs Next results ~January 29, 2027

B Fundamentals grade

UDR, Inc. is a US-listed company in the multi-family residential REITs industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Model estimate per share

~$51

Valuation models combined (2)

Base case. Range ~$34–$59. Weighted average of 2 models (funds-from-operations model, dividend discount (growing dividend)), the funds-from-operations model counting double.

Price vs value

No Buy/Hold/Sell rating is issued: only 2 valuation models apply; a rating needs 3.

UDR, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 1 selling0 purchases and 1 sale by directors and officers, last 12 monthsInsider trades
  • Funds234 adding, 288 cuttingOf 53 active managers that changed their stake, 30 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter UDR files

Where UDR stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.72bn, up 1.5% on a year earlier, slower than 2.1% a quarter earlier. That puts it 781 of 931 for growth among all the companies we cover. Our valuation models combined value is $47.55 a share, against a share price of $34.37.

Source: 10-Q filed July 28, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 29, 2027 (estimated)

UDR, Inc.'s trailing-twelve-month revenue grew 1.5% year on year, with a free-cash-flow margin of 37.5%. Where it stands out: net margin of 30.4% ranks 2 of 9 multi-family residential reits companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 1.5% while net income grew 295.8%: a 294pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • High operating margin. 40.8% of revenue is left as operating profit, against a median of 20.3% for multi-family residential reits companies we cover.
  • Margins widening. Operating margin is up 20.9 points on a year ago.
  • Strong cash generation. 37.5% of revenue turned into free cash flow.

Things to watch

  • High debt. Long-term debt exceeds cash by $5.8bn, more than 1.5 times annual revenue.
  • Below peers: change in growth rate. Change in growth rate of -0.6pp ranks 7 of 9 multi-family residential reits companies we cover (median -0.1pp).

Latest results: FY2026 Q2

Filed July 28, 2026
Revenue
$425m, up 0.0% on a year earlier
Share reaction
+5.1% in the first session after the results on October 21, 2026, against -0.7% for the S&P 500
Guidance given
net Income per diluted share $0.13 to $0.15 (fourth quarter 2026); FFO per diluted share $0.63 to $0.65 (fourth quarter 2026)
Next report
November 2, 2026

UDR's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+1.1%
  • 1 week+0.6%
  • 1 month+8.4%
  • This year+1.9%
  • 1 year+10.9%
  • 5 years-20.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.7B
Operating margin
40.8%
Net margin
30.4%
EPS (TTM, diluted)
$1.59

Growth

Revenue growth
+1.5%
Change in growth rate
−0.6 pts
Share count change
−0.8%

Earnings

Last results
November 2, 2026
Next results (est.)
January 29, 2027

News & updates

Updated November 3, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Guidance
  4. Partnership
  5. Results
  6. Guidance
  7. Announcement
  8. Dividend
  9. Announcement
  10. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

UDR, Inc. valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03

Not rated: only 2 valuation models apply; a rating needs 3.

Valuation models

We value UDR, Inc. as an equity reit, with every model that fits that kind of business. Cost of equity 7.9%: the 10-year Treasury yield (4.9%) plus a beta of 0.66 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Funds-from-operations model Funds from operations growing 2.5% a year, discounted at 8%. ~$59 ~$50–$73 Primary model, counts double
Price-to-FFO vs peers Funds from operations per share times peers' typical (harmonic-mean) price-to-FFO. ~$1.1 ~$27–$55 Left out: out of range vs price (0.03x)
Dividend discount (growing dividend) Today's dividend growing 2.5% a year, discounted at the cost of equity. ~$34 ~$28–$41 Included
Combined value Weighted average of the models that apply: the primary model (funds-from-operations model) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$51 ~$34–$59 2 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare UDR, Inc. with equity REITs in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

61 /100

Moderate moat

How hard UDR's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 0 / 20

    Net income has been a median 1.3% of total assets over 10 years.

  • Durability 16 / 20

    Operating margin has been a median 19.6%; its worst year was 18.2%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 38.9% of revenue.

  • Discipline 13 / 20

    The diluted share count rose 11.0% over five years; stock-based pay has been a median 1.8% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $1.18 +4% $1.7bn −0%
Next $0.56 — $1.7bn +3%

Next year's EPS estimate has moved 0.0% in 90 days, across 1 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +25.5% on 90 days ago. In the last 30 days, 2 analysts raised UDR, Inc.'s forecast and 2 cut it.

Consensus EPS forecast UDR, Inc., last 90 days
$0.40 $0.60 $0.80 $1.00 $1.20 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.94 Current fiscal year, 60 days ago: $1.06 Current fiscal year, 30 days ago: $1.09 Current fiscal year, 7 days ago: $1.13 Current fiscal year, Now: $1.18 $1.18 Next fiscal year, 90 days ago: $0.56 Next fiscal year, 60 days ago: $0.56 Next fiscal year, 30 days ago: $0.56 Next fiscal year, 7 days ago: $0.56 Next fiscal year, Now: $0.56 $0.56

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.94$0.56
60 days ago $1.06$0.56
30 days ago $1.09$0.56
7 days ago $1.13$0.56
Now $1.18$0.56

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.13 $0.21 +61.0%
Mar 2026 $0.13 $0.48 +269.7%
Dec 2025 $0.16 $0.67 +331.6%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 21, 2026
  • Net Income per diluted share full-year 2026 $1.58 to $1.60 GAAP Raised
    “Net Income $0.67 $1.45 $0.13 to $0.15 $1.03 to $1.11 $1.58 to $1.60 $1.59 (+$0.52)” source
  • Net Income per diluted share fourth quarter 2026 $0.13 to $0.15 GAAP New
    “Net Income $0.67 $1.45 $0.13 to $0.15 $1.03 to $1.11 $1.58 to $1.60 $1.59 (+$0.52)” source
  • FFO per diluted share full-year 2026 $2.48 to $2.50 Non-GAAP Lowered
    “FFO $0.62 $1.85 $0.63 to $0.65 $2.47 to $2.55 $2.48 to $2.50 $2.49 (-$0.02)” source
  • FFO as Adjusted per diluted share full-year 2026 $2.54 to $2.56 Non-GAAP Raised
    “FFOA $0.65 $1.90 $0.63 to $0.65 $2.49 to $2.57 $2.54 to $2.56 $2.55 (+$0.02)” source
  • Same-Store Revenue Growth full-year 2026 1.4% growth to 1.8% growth Raised
    “Revenue 1.8% 1.6% N/A 0.75% to 2.00% 1.4% to 1.8% 1.6% (+22.5bps)” source
  • Same-Store Expense Growth full-year 2026 2.7% growth to 3.1% growth Lowered
    “Expense 2.2% 3.2% N/A 2.75% to 3.75% 2.7% to 3.1% 2.9% (-35bps)” source
Show 2 more items
  • Same-Store NOI Growth full-year 2026 0.8% growth to 1.2% growth Raised
    “NOI 1.6% 0.8% N/A 0.00% to 1.25% 0.8% to 1.2% 1.0% (+37.5bps)” source
  • FFO per diluted share fourth quarter 2026 $0.63 to $0.65 Non-GAAP New
    “FFO $0.62 $1.85 $0.63 to $0.65 $2.47 to $2.55 $2.48 to $2.50 $2.49 (-$0.02)” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

Analyst recommendations

22 analysts, Nov 2026
Buy941%
Hold1150%
Sell29%

Monthly trend

  1. Nov 202681122
  2. Oct 202681122
  3. Sep 202681122

Counts of recommendations published by analysts covering UDR, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.9%
of tradable shares
Days to cover
2.75
at average volume
Short interest, 1 month
+15%
to October 15, 2026
Held by institutions
—
of shares
Held by insiders
0.4%
of shares
Employees
1,420
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +10.9%

$32.37 on October 31, 2025 to $35.91

ThenNowEffect
Revenue (last 12 months) $1.7bn $1.7bn +1.5%
Net margin 7.8% 30.4% +289.8%
P/E multiple 81.3x 22.6x −72.2%
Share count 331m 329m +0.8%

Biggest factor: net margin.

Last 3 years +22.4%

$29.34 on November 3, 2023 to $35.91

ThenNowEffect
Revenue (last 12 months) $1.6bn $1.7bn +7.6%
Net margin 28.0% 30.4% +8.7%
P/E multiple 21.6x 22.6x +4.8%
Share count 328m 329m −0.1%

Biggest factor: net margin.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
UDR+61%−33%+3%+18%−12%+2%
Industry peers (median)+60%−33%+0%+20%−7%−6%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
UDR83%25%50%58%33%64%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
UDR−6%−36%−28%−12%−25%−18%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 44% from January 4, 2022 to November 1, 2023. Getting back needed a 80% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$32.45 – $40.60
From 52-week high
−11.5%
vs 50-day average
+3.0%
vs 200-day average
−0.8%
Volatility (1 year)
20%
Beta vs S&P 500
0.12

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 6 down
typical move ±3.0%
After a week
7 up, 4 down
typical move ±2.0%
After a month
6 up, 4 down
typical move ±3.8%
Results releasedNext dayS&P 500 next day5 days21 days
October 21, 2026 +5.1% −0.7% +0.9% —
July 27, 2026 −1.5% +0.3% −2.3% −3.2%
April 29, 2026 +0.4% +1.0% +2.3% +1.9%
February 9, 2026 +4.9% +0.2% +1.2% −4.0%
October 29, 2025 −4.0% −1.1% −1.9% +3.9%
July 30, 2025 −3.2% −0.5% −5.6% −3.9%
April 30, 2025 +3.3% +0.7% +3.6% +0.5%
February 5, 2025 +3.1% +0.8% +2.0% +6.7%
October 30, 2024 −3.3% −2.3% −0.8% +5.2%
July 30, 2024 −2.6% +1.1% +0.1% +7.4%
April 30, 2024 −2.1% −1.9% +1.8% −1.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

UDR, Inc. in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) UDR, Inc.
$1.6B $1.7B $1.7B $1.8B FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $1.6B Revenue (TTM), FY23 Q4: $1.6B Revenue (TTM), FY24 Q1: $1.6B Revenue (TTM), FY24 Q2: $1.7B Revenue (TTM), FY24 Q3: $1.7B Revenue (TTM), FY24 Q4: $1.7B Revenue (TTM), FY25 Q1: $1.7B Revenue (TTM), FY25 Q2: $1.7B Revenue (TTM), FY25 Q3: $1.7B Revenue (TTM), FY25 Q4: $1.7B Revenue (TTM), FY26 Q1: $1.7B Revenue (TTM), FY26 Q2: $1.7B $1.7B

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $1.6B
FY23 Q4 $1.6B
FY24 Q1 $1.6B
FY24 Q2 $1.7B
FY24 Q3 $1.7B
FY24 Q4 $1.7B
FY25 Q1 $1.7B
FY25 Q2 $1.7B
FY25 Q3 $1.7B
FY25 Q4 $1.7B
FY26 Q1 $1.7B
FY26 Q2 $1.7B
Revenue growth, TTM YoY UDR, Inc.
0% 5% 10% 15% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 10.1% Revenue growth, TTM YoY, FY23 Q4: 7.3% Revenue growth, TTM YoY, FY24 Q1: 5.3% Revenue growth, TTM YoY, FY24 Q2: 3.6% Revenue growth, TTM YoY, FY24 Q3: 3.0% Revenue growth, TTM YoY, FY24 Q4: 2.7% Revenue growth, TTM YoY, FY25 Q1: 2.3% Revenue growth, TTM YoY, FY25 Q2: 2.3% Revenue growth, TTM YoY, FY25 Q3: 2.4% Revenue growth, TTM YoY, FY25 Q4: 2.4% Revenue growth, TTM YoY, FY26 Q1: 2.1% Revenue growth, TTM YoY, FY26 Q2: 1.5% 1.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 10.1%
FY23 Q4 7.3%
FY24 Q1 5.3%
FY24 Q2 3.6%
FY24 Q3 3.0%
FY24 Q4 2.7%
FY25 Q1 2.3%
FY25 Q2 2.3%
FY25 Q3 2.4%
FY25 Q4 2.4%
FY26 Q1 2.1%
FY26 Q2 1.5%
Operating margin (TTM) UDR, Inc.
10% 20% 30% 40% 50% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 39.0% Operating margin (TTM), FY23 Q4: 39.0% Operating margin (TTM), FY24 Q1: 39.5% Operating margin (TTM), FY24 Q2: 19.4% Operating margin (TTM), FY24 Q3: 18.8% Operating margin (TTM), FY24 Q4: 17.0% Operating margin (TTM), FY25 Q1: 19.5% Operating margin (TTM), FY25 Q2: 19.9% Operating margin (TTM), FY25 Q3: 20.1% Operating margin (TTM), FY25 Q4: 32.3% Operating margin (TTM), FY26 Q1: 38.5% Operating margin (TTM), FY26 Q2: 40.8% 40.8%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 39.0%
FY23 Q4 39.0%
FY24 Q1 39.5%
FY24 Q2 19.4%
FY24 Q3 18.8%
FY24 Q4 17.0%
FY25 Q1 19.5%
FY25 Q2 19.9%
FY25 Q3 20.1%
FY25 Q4 32.3%
FY26 Q1 38.5%
FY26 Q2 40.8%
FCF margin (TTM) UDR, Inc.
32% 34% 36% 38% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 33.5% FCF margin (TTM), FY23 Q4: 33.0% FCF margin (TTM), FY24 Q1: 32.8% FCF margin (TTM), FY24 Q2: 33.8% FCF margin (TTM), FY24 Q3: 35.6% FCF margin (TTM), FY24 Q4: 37.5% FCF margin (TTM), FY25 Q1: 36.6% FCF margin (TTM), FY25 Q2: 37.5% FCF margin (TTM), FY25 Q3: 37.4% FCF margin (TTM), FY25 Q4: 38.0% FCF margin (TTM), FY26 Q1: 36.8% FCF margin (TTM), FY26 Q2: 37.5% 37.5%

Source: SEC EDGAR filings. Retrieved October 20, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 33.5%
FY23 Q4 33.0%
FY24 Q1 32.8%
FY24 Q2 33.8%
FY24 Q3 35.6%
FY24 Q4 37.5%
FY25 Q1 36.6%
FY25 Q2 37.5%
FY25 Q3 37.4%
FY25 Q4 38.0%
FY26 Q1 36.8%
FY26 Q2 37.5%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-K/A, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 562 525 623 717 759 818 872 960 996 1,047 1,152 1,241 1,291 1,517 1,628 1,672 1,712 1,716
EBITDA 205 192 397 422 465 491 541 826 664 790 729 868 888 930 1,327 980 1,234 1,203
Operating income −79 −116 22 67 117 127 160 401 228 355 221 249 268 251 635 285 554 700
Net income −88 −103 20 212 45 154 340 293 122 203 185 64 150 87 444 90 378 522
Diluted EPS −$0.64 −$0.68 $0.05 $0.85 $0.16 $0.59 $1.29 $1.08 $0.44 $0.74 $0.63 $0.20 $0.48 $0.26 $1.34 $0.26 $1.13 $1.59
Growth (year on year)
Revenue −4.4% −6.6% +18.7% +15.0% +5.9% +7.8% +6.6% +10.1% +3.7% +5.1% +10.1% +7.7% +4.0% +17.6% +7.3% +2.7% +2.4% +1.5%
EBITDA +3.9% −6.3% +106.6% +6.3% +10.3% +5.5% +10.2% +52.8% −19.6% +19.0% −7.8% +19.0% +2.3% +4.8% +42.6% −26.1% +25.9% +75.0%
Operating income — — — +199.6% +73.8% +8.4% +25.9% +151.2% −43.1% +55.6% −37.7% +12.7% +7.6% −6.4% +153.2% −55.2% +94.5% +108.4%
Net income −112.5% — — +959.7% −78.9% +244.4% +120.5% −14.0% −58.5% +67.1% −8.9% −65.3% +133.4% −42.1% +411.2% −79.8% +321.6% +295.8%
Diluted EPS −112.1% — — +>999% −81.2% +268.8% +118.6% −16.3% −59.3% +68.2% −14.9% −68.3% +140.0% −45.8% +415.4% −80.6% +334.6% +299.1%
Margins
EBITDA margin 36.5% 36.6% 63.6% 58.9% 61.3% 60.0% 62.0% 86.1% 66.7% 75.5% 63.3% 69.9% 68.8% 61.3% 81.5% 58.6% 72.0% 70.1%
Operating margin −14.0% −22.1% 3.6% 9.4% 15.4% 15.5% 18.3% 41.8% 22.9% 33.9% 19.2% 20.1% 20.8% 16.5% 39.0% 17.0% 32.3% 40.8%
Net margin −15.6% −19.6% 3.2% 29.6% 5.9% 18.9% 39.0% 30.5% 12.2% 19.4% 16.1% 5.2% 11.6% 5.7% 27.3% 5.4% 22.1% 30.4%
Free-cash-flow margin 39.7% 40.0% 38.2% 44.5% 43.8% 47.9% 52.1% 55.4% 52.0% 53.1% 40.2% 35.5% 39.3% 39.9% 33.0% 37.5% 38.0% 37.5%
Cash flow
Cash from operations 229 214 251 327 340 397 459 537 519 561 631 604 664 820 833 877 903 887
Capital spending 6 4 13 8 8 5 4 4 1 5 167 163 156 215 295 250 253 244
Free cash flow 223 210 238 319 332 392 455 532 518 556 464 441 508 605 537 627 650 643
Stock-based pay — — — 2 10 14 18 13 13 14 24 20 22 28 33 33 26 27
Free cash flow after stock pay — — — 317 323 378 437 519 505 542 439 422 486 578 504 594 624 617
Balance sheet
Cash 9 9 13 12 30 15 7 2 2 185 8 1 1 1 3 1 1 1
Total debt 3,427 3,413 3,918 3,409 3,524 3,565 3,584 3,410 3,684 3,564 4,708 4,985 5,413 5,487 5,809 5,842 5,836 5,827
Net debt (negative = net cash) 3,417 3,403 3,906 3,397 3,493 3,550 3,577 3,408 3,682 3,379 4,699 4,984 5,412 5,486 5,806 5,841 5,835 5,826
Diluted shares 149m 166m 201m 239m 250m 253m 264m 267m 269m 269m 286m 295m 302m 323m 329m 330m 331m 329m
Returned to shareholders
Dividends 145 121 150 207 232 256 283 309 328 342 383 419 434 484 540 558 568 568
Buybacks 1 — — — — — — — — 20 — 20 — 49 25 — 118 418
Total returned 145 121 150 207 232 256 283 309 328 362 383 439 434 533 565 558 686 986

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q2 TTM
Buybacks (TTM)
$418M
Dividends (TTM)
$568M
Returned to shareholders
153%
of free cash flow
Buybacks, last 3 fiscal years
$192M
Diluted share count
−0.8%
year over year
Total shareholder yield
8.5%
dividends 4.9% + buybacks 3.6% of market value
Dividend payout ratio
109%
of net income paid out

Competitors: side by side with peers

Closest by revenue in multi-family residential reits
Last 12 months unless stated UDR ESS MAA UMH CSR NXRT Median
Revenue, last 12 months $1.7bn $1.9bn $2.2bn $279m $257m $253m $257m
Revenue growth, last 12 months 1.5% 4.5% 1.0% 8.5% −6.0% −0.5% 1.2%
Revenue growth, 3-year average 2.5% 5.4% 1.4% 9.4% −1.0% −2.9% 2.6%
Revenue growth, latest quarter 0.0% 4.1% 1.0% 10.8% −16.6% 2.3% 1.1%
Gross margin — 70.1% — 91.2% 96.6% — 80.6%
Operating margin 40.8% 29.5% 26.6% — 56.1% 11.1% 23.4%
Operating margin, 3-year average 26.7% 38.8% 24.4% — 30.3% 27.2% 25.7%
Net margin 30.4% 17.8% 17.4% 1.6% 35.4% −13.2% 1.6%
Cash from operations / revenue 51.7% 57.0% 45.0% 29.9% 30.2% 32.9% 30.2%
Free-cash-flow margin 37.5% 25.4% 28.0% −13.2% 89.2% −4.9% −4.5%
Free-cash-flow margin, 3-year average 36.3% 25.9% 32.4% −7.2% 26.5% −5.4% 8.9%
Stock pay / revenue 1.6% 0.7% 0.8% 1.7% 1.6% 4.0% 1.7%
Change in share count −0.8% 0.0% −0.5% 2.0% −7.9% −1.5% −0.3%

Median of all 9 companies we cover in multi-family residential reits. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

9 multi-family residential reits companies
Measure Company Peer median Rank
Revenue growth Growth 1.5% 1.2% 4 of 9
Change in growth rate Growth -0.6pp -0.1pp 7 of 9
Operating margin Profitability 40.8% 20.3% 2 of 7
Net margin Profitability 30.4% 1.6% 2 of 9
Stock pay as % of revenue Cash generation 1.6% 1.6% 3 of 7
Long-term debt as % of assets Balance sheet 56.6% 86.4% 3 of 6
Change in share count Balance sheet -0.8% -0.0% 3 of 8

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$13.5B
Institutions reporting
520
Shares held vs prior quarter
▲ 4.1%
Positions opened / closed
70 / 79

Top buyers and sellers, Q2 2026: 234 institutions bought and 288 sold ; the biggest buyer was Canada Pension Plan Investment Board (+5.5M shares) and the biggest seller Cohen & Steers, Inc (−5.3M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.2B 31.3M 9.2% ▼ 13.6%
Norges Bank $1.2B 29.5M 8.7% —
Capital Research Global Investors $1B 25.6M 7.6% ▼ 0.2%
Vanguard Portfolio Management LLC $1B 25.5M 7.5% ▼ 2.8%
Vanguard Capital Management LLC $810M 20.3M 6.0% ▼ 0.9%
State Street Corp $774M 19.4M 5.7% ▼ 10.1%
Cohen & Steers, Inc. $616M 15.4M 4.6% ▼ 25.7%
FMR LLC $562M 14.1M 4.2% ▲ 2.8%
Invesco Ltd. $553M 13.9M 4.1% ▲ 1.2%
Centersquare Investment Management LLC $368M 9.2M 2.7% ▲ 10.2%
Geode Capital Management, LLC $346M 8.7M 2.6% ▼ 0.8%
Jpmorgan Chase & Co $251M 6.2M 1.9% ▲ 9.4%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not UDR, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $3.1M 1 trade by 1 insider · 0% under pre-set plans
Net ▼ $3.1M net selling
Insider Date Trade Shares Price Value
Toomey Thomas W Chairman, President and CEO June 5, 2026 Sell 80,000 $39.25 $3.1M

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 5 trades and filings

No trades in UDR, Inc. disclosed in the last 12 months; 5 earlier trades on record.

  • Julie Johnson(D-TX 32):Sale (full), $1,001 - $15,000, traded September 25, 2025, filed October 7, 2025
  • Julie Johnson(D-TX 32):Sale (full), $1,001 - $15,000, traded September 23, 2025, filed August 5, 2026
  • Julie Johnson(D-TX 32):Purchase, $1,001 - $15,000, traded September 23, 2025, filed August 5, 2026

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 29, 2027 estimated from the company's past filing pattern, not announced

  • November 2, 2026
  • October 21, 2026
  • July 27, 2026
  • April 29, 2026
  • February 9, 2026
  • October 29, 2025

Recent SEC filings

Data status

When each part of this page on UDR, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

UDR, Inc. in brief

What does UDR, Inc. do?
UDR, Inc. is a US-listed company in the multi-family residential REITs industry. Its financial year ends in December.
What is UDR, Inc.'s stock ticker?
UDR, Inc. trades under the ticker UDR on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is UDR, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, UDR, Inc. reported revenue of $1.7B, 1.5% higher than a year earlier, according to its SEC filings.
What is UDR, Inc.'s free cash flow?
UDR, Inc.'s free-cash-flow margin is 37.5% of revenue over the trailing twelve months.
Who are UDR, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Norges Bank and Capital Research Global Investors. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is UDR, Inc. buying back stock, and does it pay a dividend?
UDR, Inc. spent $418M on share repurchases over the trailing twelve months, and its diluted share count fell 0.8% over the year.
What is UDR, Inc.'s market cap?
On November 2, 2026, UDR, Inc.'s market capitalisation was about $11.8B, with a price-to-earnings ratio of 22.6 and net debt of $5.8B. Market figures come from third-party market data and may be delayed.
Does UDR, Inc. pay a dividend?
Yes: UDR, Inc. paid $568M in dividends over the trailing twelve months, a dividend yield of 4.92% and a payout ratio of 108.7%.
Who are UDR, Inc.'s competitors?
In our Multi-Family Residential REITs peer group, the companies closest to UDR, Inc. are Essex Property Trust, Mid-America Apartment Communities, UMH Properties, Inc., Centerspace and Nexpoint Residential Trust, Inc. The side-by-side comparison below sets their revenue, margins and growth against UDR, Inc.'s.
Are insiders buying or selling UDR, Inc. stock?
Over the last 12 months, UDR, Inc.'s directors and officers reported 0 open-market purchases and 1 sales on Form 4. The insider trading page charts every trade.
When is UDR, Inc.'s next earnings date?
Around January 29, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — UDR, Inc. announces its own schedule.