Reading the tape
NYSE: UDR
UDR, Inc.
Real Estate · REIT - Residential
Market Cap
$11.86B
52w High
$43.62
52w Low
$32.94
P/E
24.27
Volume
2.63M
Outstanding Shares
325.89M
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionHigh confidence
1Y Price: -14.58%Revenue (TTM): 2.15%FCF (TTM): 51.47%P/FCF: 3rd pct
What changed
The stock fell 14.58% over the last year. Revenue grew 2.15% over the trailing twelve months. Operating margin moved from 19.46% to 27.36%. Free cash flow grew 51.47% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 3rd percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.
What would invalidate this read
This read changes if operating margin (currently 27.36%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
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 redeveloping attractive real estate communities in targeted U.S. markets.
CEOThomas W. Toomey
SectorReal Estate
IndustryREIT - Residential
Employees1,419
IPO dateMar 17, 1980
Valuation
Forward P/E—
EV/EBITDA18.22
Enterprise value$18.27B
Price / Book3.61
Stock splits
May 6, 1993↑ Forward
Every 1 shares became 2
Aug 1, 1983↑ Forward
Every 2 shares became 3
Profitability & growth
Standard profitability metrics can be misleading for financial/insurance companies. GAAP requires unrealized investment gains/losses in net income (affecting ROE), and margins are blended across diverse business segments.
Revenue growth0.92%
Gross margin46%▲2.60%vs FY2024
Operating margin27.36%▲10.61%vs FY2024
ROE11.49%▲341.45%vs FY2024
Analyst consensus
RatingBuy
Target price$40.25▲10.61%
18
Buy
17
Hold
3
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 29, 2026
Q3 FY26 · EPS est $0.13 · Revenue est $428.79M
View
Dividends
$0.87/shareQuarterlyAdequateUDR pays a dividend with a 2.39% declared yield, covered 1.1× by free cash flow.
Declared Yield
2.39%
Annual Div / Share
$0.87
TTM $1.73
5yr CAGR
-9.71%
Dividend has been cut
FCF Coverage
1.1×
Adequate
Dividend Growth Rate
3yr CAGR
-19.7%
5yr CAGR
-9.71%
10yr CAGR
-3%
Dividend Safety
5/10Adequate
Dividend History
Annualized dividend cycles per share
YearAnnual DivYoY
2026$0.87-49.4%
2025$1.72+1.2%
2024$1.70+1.2%
2023$1.68+10.5%
2022$1.52+4.8%
2021$1.45+0.7%
2020$1.44+5.1%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$24/yr
$2/mo
In 5 yrs
$24/yr
$2/mo
In 10 yrs
$24/yr
$2/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$24/yr $2/mo | $24/yr $2/mo | $24/yr $2/mo |
Analysis
Dividend Strengths
No strong strength signal stands out from the latest period pair.
Risks to Watch
Dividend has been reduced
The 5-year dividend CAGR of -9.71% is negative, indicating the payout has been cut over this period.