UDR (UDR)
Real Estate · $11.0B market cap · SEC CIK 0000074208
fundamentals score out of 100
Next reports on Oct 27, 2026, after the close, with analysts expecting $0.13 in earnings per share.
The case for UDR
- 30% of revenue drops through to net profit.
- Earnings per share up 298.5%.
- Pays a 5.0% dividend while you wait.
- Return on equity of 16%.
- Gross margin of 65% absorbs cost shocks.
- Moves less than the market (beta 0.69).
The case against
- Long-term debt of $5.8B would take 6 years of operating cash flow to repay.
- Near the bottom of its 52-week range, 19% below the high. Falling prices usually have a reason; find it first.
- Priced at 6.4× sales with revenue growing only 1.5%.
- Current liabilities exceed current assets (ratio 0.00).
- Dividend takes 110% of earnings, leaving little cushion.
- Revenue grew only 1.5%, roughly the pace of inflation.
What the score is made of
Each factor is half a curve over reported figures and half a rank among the other Real Estate companies (momentum is judged against fixed thresholds only), and the five are blended by weight. It describes the last filing and the current price. It is not a forecast.
| Valuewhat you pay for the earnings, sales, assets and cash | 67 |
|---|---|
| Growthhow fast revenue and earnings are moving, this year and over five | 52 |
| Profitabilityhow much of the revenue becomes profit, and how much of that is cash | 77 |
| Momentumhow the price has behaved lately | 25 |
| Stabilityhow violently it moves, what it owes and what it pays you | 67 |
- Each factor except momentum is half fixed thresholds, half rank among the 31 Real Estate companies.
Key numbers
| Price / earnings | 21.1× |
|---|---|
| Price / book | 4.41× |
| Price / sales | 6.4× |
| Revenue growth (YoY) | +1.5% |
| EPS growth (YoY) | +298.5% |
| Gross margin | 65% |
| Operating margin | 41% |
| Net margin | 30% |
| Return on equity | 16% |
| Debt / equity | 1.98× |
| Current ratio | 0.00 |
| Dividend yield | 5.04% |
| Beta | 0.69 |
| 52-week range | $32.94 – $42.00 |
| Position in that range | 13% of the way up |
| 3-month return | -9.8% |
| 1-year return | -9.8% |
Five years of financials, as filed
Pulled from UDR's XBRL filings on SEC EDGAR. Italic rows are derived from the rows above.
| FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|
| Revenue | $11.4M | $8.3M | $6.8M | $5.0M | $6.1M |
| Operating income | $554M | $285M | $635M | $251M | $268M |
| Net income | $378M | $89.6M | $444M | $86.9M | $150M |
| Operating cash flow | $903M | $877M | $833M | $820M | $664M |
| Total assets | $10.6B | $10.9B | $11.4B | $11.0B | $10.8B |
| Total liabilities | $6.5B | $6.4B | $6.4B | $6.1B | $6.0B |
| Shareholder equity | $3.3B | $3.4B | $4.0B | $4.1B | $3.4B |
| Cash | $1.2M | $1.3M | $2.9M | $1.2M | $967K |
| Long-term debt | $5.8B | $5.8B | $5.8B | $5.5B | $5.4B |
| Operating margin | 4872.9% | 3421.5% | 9279.7% | 4994.3% | 4391.5% |
| Net margin | 3324.6% | 1077.1% | 6493.5% | 1730.9% | 2458.5% |
| Diluted shares | 331M | 330M | 329M | 323M | 302M |
Share count is up 9.7% over 4 years. Mild issuance.
What UDR says it does
_859249"> Item 1. BUSINESS General UDR is a self-administered real estate investment trust, or REIT, that owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities in targeted markets located in the United States. At December 31, 2025, our consolidated real estate portfolio consisted of 165 communities located in 21 markets, consisting of 55,240 completed apartment homes, which are held directly or through our subsidiaries, including the Operating Partnership and the DownREIT Partnership, and consolidated joint ventures. In addition, we have an ownership interest in 12,167 completed or to-be-completed apartment homes through unconsolidated joint ventures or partnerships, including 6,766 apartment homes owned by entities in which we hold preferred equity investments. At December 31, 2025, the Company was developing one wholly-owned community totaling 300 apartment homes, none…
Risk factors UDR lists in its 10-K
- Unfavorable Apartment Market and Economic Conditions Could Adversely Affect Occupancy Levels, Rental Revenues and the Value of Our Real Estate Assets
- The Geographic Concentration of Our Communities in Certain Markets Could Have an Adverse Effect on Our Operations if a Particular Market is Adversely Impacted by Economic or Other Conditions
- We May Be Unable to Renew Leases or Relet Apartment Units as Leases Expire, or the Terms of Renewals or New Leases May Be Less Favorable Than Current Leases
- We Face Certain Risks Related to Our Retail and Commercial Space
- We Face Risks Related to Inflation/Deflation
- We Are Subject to Certain Risks Associated with Selling Apartment Communities, Which Could Limit Our Operational and Financial Flexibility
- Competition Could Limit Our Ability to Lease Apartment Homes or Increase or Maintain Rents
- We May Not Realize the Anticipated Benefits of Past or Future Acquisitions, and the Failure to Integrate Acquired Communities and New Personnel Successfully Could Create Inefficiencies
- Competition Could Adversely Affect Our Ability to Acquire Properties
- Development and Construction Risks Could Impact Our Profitability
- An Epidemic, Pandemic or Other Health Crisis, and Measures Intended to Prevent the Spread of Such an Event, Could Have a Material Adverse Effect on our Business, Results of Operations, Cash Flows and Financial Condition
- Bankruptcy or Defaults of Our Counterparties Could Adversely Affect Our Performance
- Property Ownership Through Partnerships and Joint Ventures May Limit Our Ability to Act Exclusively in Our Interest
- We May Not be Permitted to Dispose of Certain Properties or Pay Down the Indebtedness Associated with Those Properties When We Might Otherwise Desire to Do so Without Incurring Additional Costs