UDR, Inc.
About the company
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.
Price within modeled range
5-year outlook: Not shown because confidence is low: Earnings-based DCF is somewhat apart.
Other models: USD 22.36–38.99 (median 32.89). The recommended value is in line with them.
Why: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
The range depends on model assumptions and data; it is not a prediction or investment advice.
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Market price within modeled range
Free-cash-flow DCF using TTM through 30 Sep 2026 reported free cash flow, with cash, debt, and shares from the latest report. Base assumptions are 3.52% growth, 2.3% terminal growth, and 9% discount. Low/high cases vary growth by 2 and terminal growth/discount by 1 percentage point; this illustrative range is 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: Free cash flow is positive and in line with earnings, and the dividend is small, so a cash-flow DCF fits best.
Compare models- Recommended: Free-cash-flow DCF — USD 24.55 (-33.7%)
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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: Free-cash-flow DCF 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 12.99 | -185.0% |
| Base USD 24.55 | -50.8% |
| Bull USD 46.24 | 20.0% |
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 about this annual free-cash-flow growth for 5 years (terminal 2.3%, discount 9.0%).
Compare: the market implies 9.6% a year, this model assumes 3.5%. The market expects more than this model does, which is why it reads as overvalued.
Sensitivity: base value per share
How the Free-cash-flow DCF value changes with growth (rows) and discount rate (columns). Green cells are above the current price.
These are assumption-based scenarios, not a confidence interval. Scroll horizontally to see all discount rates.
| Growth \ Discount | 7.0% | 8.0% | 9.0% | 10.0% | 11.0% |
|---|---|---|---|---|---|
| -0.5% | 32.81 | 23.94 | 17.71 | 13.10 | 9.54 |
| 1.5% | 37.67 | 27.87 | 21.00 | 15.92 | 12.00 |
| 3.5% | 42.90 | 32.11 | 24.55 | 18.95 | 14.64 |
| 5.5% | 48.54 | 36.68 | 28.36 | 22.21 | 17.47 |
| 7.5% | 54.60 | 41.58 | 32.45 | 25.70 | 20.51 |
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
5 years price change: -17.75% · USD 37.01 · Market data through 05 Nov 2026 ; dashed line is today’s model base value (USD 24.55). The fair value is today’s estimate, not what the model said in the past.
Saved price history is current through 05 Nov 2026; last refreshed 06 Nov 2026 18:14 (1 hour, 16 minutes ago).
08 Nov 2021Range USD 27.88 – 49.1005 Nov 2026
Latest news
Headlines provided by EODHD. Articles may mention multiple companies and are not investment recommendations.
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 | -50.8% | 17.2 | 3.8 | 4.7% | 82 |
| HST Host Hotels & Resorts | USD 24.63 | 44.2% | 16.4 | 2.6 | 3.9% | 100 |
| VMRK Vivmark Residential | USD 65.25 | 34.2% | 24.8 | – | 4.2% | 80 |
| ARE Alexandria Real Estate Equities | USD 45.17 | 23.7% | – | 0.5 | 7.8% | 44 |
| VICI Vici Properties | USD 25.21 | 6.2% | 11.8 | 1.0 | 7.0% | 80 |
| UTG.L Unite Group PLC | GBP 4.93 | -2.9% | 24.8 | 0.5 | 6.4% | 68 |
| DLN.L Derwent London Plc | GBP 19.44 | -4.2% | 13.5 | 0.6 | 4.2% | 60 |
| WDP.BR Warehouses De Pauw SA | EUR 19.40 | -5.9% | 12.0 | 0.9 | 6.2% | 80 |
| DOC Healthpeak Properties | USD 20.12 | -7.6% | 35.7 | 1.8 | 6.1% | 76 |
| 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 06 Nov 2026 16:08
| 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 1.7350 |