UDR, Inc.
UDR, Inc. is a 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 properties in targeted U.S. marke…
UDR, Inc. is a 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 properties in targeted U.S. markets. As of June 30, 2026, UDR owned or had an ownership position in 60,259 apartment homes, including 685 apartment homes under development. For over 54 years, UDR has delivered long-term value to shareholders, the best standard of service to residents and the highest quality experience for associates. UDR, Inc. was incorporated in 1972 in Maryland, and is based in Highlands Ranch, Colorado.Priced within the modelled range
5-year outlook: Not shown because confidence is low: Free-cash-flow DCF is somewhat apart.
Other models: USD 22.36–38.99 (median 32.89). The recommended value is in line with them.
Why: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.
Details and the full model are below.
Market price within modeled range
Uses reported dividends of USD 2.6404 per share from TTM through 30 Sep 2026, with 2.3% perpetual growth (base growth capped at the terminal rate) and 9% discount rates. The range varies growth and discount assumptions by 1 percentage point; it is illustrative, not a statistical confidence interval or investment advice.
Assumptions: growth 3.52%, discount rate 9%, terminal growth 2.30% (sector defaults). See a worked example.
Blended growth assumption: 3.5% (sector default 5.1%, own revenue history 4.1%, analyst revenue consensus 2.4%).
Analyst consensus expects revenue growth of 2.4% a year; the growth assumption used is 3.5%.
Adjust assumptions
Why this model: Dividends are a large share of earnings, so the cash paid to shareholders is the best guide to value.
Compare models- Recommended: Dividend discount model — USD 40.32 (+8.9%)
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EPS-based Gordon proxy
— USD 32.89 (-11.1%)
Not used: Treats all earnings as if paid out and ignores the cash kept for reinvestment, so it overstates value for companies that retain most profit.
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DCF (trailing free cash flow)
— USD 24.55 (-33.7%)
Not used: Not chosen: Dividend discount model ranks ahead of it for this company.
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FCFF (steady state)
— USD 22.36 (-39.6%)
Not used: Assumes only the long-run terminal growth rate from today, so it ignores the near-term growth expected.
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EV/EBITDA (12x)
— USD 38.99 (+5.3%)
Not used: Used only when free cash flow is far below earnings even after averaging three years; a fixed 12x multiple also ignores sector differences.
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Fade DCF (10-year growth fade)
— USD 24.47 (-33.9%)
Not used: An alternative growth path (fading over 10 years) shown for comparison; the automatic choice does not use it.
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EV/Sales (Rule of 40)
— USD 60.96 (+64.7%)
Not used: Used only for technology and communication companies whose cash-flow value is far below the price.
| Bear USD 30.74 | -20.4% |
| Base USD 40.32 | 8.2% |
| Bull USD 58.03 | 36.2% |
Margin = (value − price) / value, so it is measured against the value and reads lower than the upside to value, which is measured against the price. Positive means the price is below that case.
At USD 37.01 the market implies perpetual dividend growth of about this rate (discount rate 9.0%).
Compare: the market implies 1.7% a year, this model assumes 2.3%. The model is more optimistic than the price, which is why it reads as undervalued.
How the Dividend discount model value changes with growth (rows) and discount rate (columns). Green cells are above the current price. Dividend growth cannot exceed the long-run rate, so duplicate capped scenarios are omitted.
| Growth \ Discount | 7.0% | 8.0% | 9.0% | 10.0% | 11.0% |
|---|---|---|---|---|---|
| -1.7% | 29.83 | 26.76 | 24.26 | 22.18 | 20.44 |
| 0.3% | 39.53 | 34.39 | 30.44 | 27.30 | 24.75 |
| 2.3% | 57.47 | 47.39 | 40.32 | 35.08 | 31.05 |
Track record: see the methodology page for how this model has performed historically, including its limits. Treat it as a screen, not a forecast.
Price history and fair value
No chartable saved daily price history is available for this range. The chart uses stored EODHD prices only and will appear after history is saved.
More detail: quality, peers, price history, dividends and financials
Quality score: 82 / 100
Five equal checks on reported history: profitability, cash generation, revenue growth, balance sheet and margins. It describes business quality, not whether the price is attractive.
| Profitability | 5 of 5 years profitable | 20 / 20 |
| Cash generation | free cash flow positive in 5 of 5 years | 20 / 20 |
| Growth | revenue +3.1% a year | 12 / 20 |
| Balance sheet | net debt 3.8x EBITDA | 10 / 20 |
| Margins | EBITDA margin 90% | 20 / 20 |
Peers in Real Estate
Same-sector companies with a valuation, most undervalued first. Compare the margin of safety, yield and quality score side by side.
| Company | Price | Margin of safety | P/E | P/B | Yield | Quality |
|---|---|---|---|---|---|---|
| UDR (this company) | USD 37.01 | 8.2% | 17.2 | 3.8 | 7.1% | 82 |
| HST Host Hotels & Resorts | USD 24.63 | 44.2% | 16.4 | 2.6 | 3.9% | 100 |
| ARE Alexandria Real Estate Equities | USD 45.17 | 23.7% | – | 0.5 | 7.8% | 44 |
| VMRK Vivmark Residential | USD 65.25 | 22.5% | 28.6 | 2.4 | 4.2% | 82 |
| VICI Vici Properties | USD 25.21 | 6.2% | 11.8 | 1.0 | 7.0% | 80 |
| UTG.L Unite Group PLC | GBP 4.95 | -3.3% | 24.9 | 0.5 | 6.3% | 68 |
| DLN.L Derwent London Plc | GBP 19.57 | -4.9% | 13.6 | 0.6 | 4.1% | 60 |
| WDP.BR Warehouses De Pauw SA | EUR 19.33 | -5.5% | 11.9 | 0.9 | 6.2% | 80 |
| DOC Healthpeak Properties | USD 20.12 | -8.0% | 36.7 | 1.8 | 6.1% | 93 |
| Peer median | 16.4 | 0.9 | ||||
Dividends
Paid in the last 12 months: USD 1.45 per share · yield 3.90% at the current price.
| Year | Dividends per share |
|---|---|
| 2026 (so far) | 1.445 |
| 2025 | 1.715 |
| 2024 | 1.695 |
| 2023 | 1.640 |
| 2022 | 1.503 |
| 2021 | 1.449 |
Trailing 12-month financials
TTM through 30 Sep 2026 · quarterly EODHD data · data downloaded 05 Nov 2026 16:07
| Revenue | USD 1,712,435,000 |
|---|---|
| EBITDA | USD 1,547,343,000 |
| EBIT | USD 886,060,000 |
| Net income | USD 697,862,000 |
| Free cash flow | USD 863,110,000 |
| Capital expenditures | USD 420,725,000 |
| Debt | USD 5,936,337,000 |
| Cash | USD 1,184,000 |
| Working capital | USD -400,152,000 |
| Shares outstanding | 324,012,000 |
| Reported dividends per share | USD 2.6404 |