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Apartment REIT owning and operating multifamily communities across major US coastal and Sunbelt metros.
Apartment REIT owning and operating multifamily communities across major US coastal and Sunbelt metros.
Collects rent on apartments, with most leases running one year, so rents reprice quickly in both directions, and uses a data-driven pricing system. It recycles capital by selling older properties and buying or developing newer ones, and runs part of the portfolio through joint ventures with institutional investors.
Moat: narrow (scale, installed base). Diversified, well-located portfolio and data-driven pricing aid occupancy but it is not structurally defensible.
Headquarters: Highlands Ranch, Colorado, United States · Founded: 1972 · Employees: 1,420
Size UDR (UDR) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $11.6B, the 710th largest of 3,117 United States companies the cockpit tracks. Shares closed at $36.58 on 6 Nov 2026.
Performance Over six months the shares fell 0.9%, against -0.8% for the median peer and -1.1% for the United States market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue grew 0.6% over the last twelve months (peer median +4.2%); the operating margin is 19.1% (peer median 34.4%).
Valuation It trades at 3.76× book value against a peer median of 2.43× (3rd most expensive of 21).
Price implies The share price implies a return on equity of about 22.9%; UDR delivers 21.8%, so the price asks more than the business earns today.
Credit UDR has 10 bonds outstanding ($3.75B), rated BBB+ by the agencies and trading like BBB+ at a weighted spread of 83 bp.
Short interest Short interest is 3.6% of the free float (15 Oct 2026).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.71B | $1.71B | $1.67B | $1.63B | $1.52B |
| Revenue growth | — | +2% | +3% | +7% | — |
| Gross profit | $420M | $407M | $367M | $357M | $299M |
| EBITDA | $989M | $1.00B | $978M | $979M | $915M |
| Net income | $698M | $378M | $89.6M | $444M | $86.9M |
| Free cash flow | n/a | $764M | $646M | $535M | $666M |
| Capital expenditure | n/a | $289M | $272M | $312M | $236M |
| Total debt | $5.94B | $6.00B | $6.01B | $5.98B | $5.68B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| UDR UDR | $11.6B | -1% | +1% | 22% | 3.76× | 22.9% |
| AvalonBay Communities AVB | n/a | +4% | n/a | n/a | n/a | n/a |
| Equity Residential EQR | n/a | +2% | n/a | n/a | n/a | n/a |
| Camden Property Trust CPT | $13.4B | -3% | +1% | 8% | 2.68× | 18.2% |
| Mid-America Apartment Communities MAA | $13.8B | -8% | +1% | 7% | 2.45× | 16.1% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | UDR | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +9.0% | +7.6% | 9th highest of 21 |
| 6-month return | -0.9% | -0.8% | 11th highest of 21 |
| Return on equity | 21.8% | 8.2% | 2nd highest of 20 |
| Price / book | 3.76× | 2.43× | 3rd most expensive of 21 |
| Trailing P/E | 17.3× | 27.8× | 3rd cheapest of 17 |
| ROE the price implies | 22.9% | 15.9% | 5th most demanding of 21 |
| ROE delivered | 21.8% | 8.2% | 2nd highest of 20 |
| Bond spread | 83 bp | 86 bp | 5th tightest of 14 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| UDR UDR | United States | $11.6B | -1% | +1% | 22% | 3.76× | 22.9% | 21.8% |
| American Homes 4 Rent AMH | United States | $11.8B | +2% | +4% | 7% | 1.73× | 12.9% | 6.8% |
| Gaming and Leisure Properties GLPI | United States | $11.3B | -19% | +7% | 20% | 2.28× | 14.8% | 19.6% |
| AGNC Investment AGNC | United States | $11.2B | -19% | +152% | 1% | 1.15× | 13.1% | 0.9% |
| Equity LifeStyle Properties ELS | United States | $12.3B | 0% | +3% | 22% | 6.99× | 37.4% | 22.3% |
| American Healthcare REIT AHR | United States | $12.7B | +12% | +16% | 4% | 3.05× | 20.7% | 4.0% |
| EastGroup Properties EGP | United States | $10.4B | -6% | +10% | 9% | 2.92× | 22.3% | 8.9% |
| BXP BXP | United States | $10.4B | +11% | +3% | 10% | 2.00× | 17.2% | 10.4% |
| Scentre SCG.AX | Australia | $13.1B | -1% | -4% | 10% | 0.97× | 11.6% | 10.4% |
| CubeSmart CUBE | United States | $10.1B | +11% | +3% | 13% | 4.06× | 30.4% | 13.1% |
| Camden Property Trust CPT | United States | $13.4B | -3% | +1% | 8% | 2.68× | 18.2% | 7.8% |
| Janus Living JAN | United States | $9.93B | +15% | n/a | n/a | 2.41× | 15.7% | n/a |
| Regency Centers REG | United States | $13.7B | -3% | +8% | 8% | 2.06× | 15.2% | 8.2% |
| Federal Realty Investment Trust FRT | United States | $9.74B | -2% | +8% | 14% | 3.14× | 23.7% | 13.6% |
| Mid-America Apartment Communities MAA | United States | $13.8B | -8% | +1% | 7% | 2.45× | 16.1% | 7.0% |
| Link REIT 0823.HK | Hong Kong | $13.8B | +3% | -3% | -5% | 0.71× | 5.9% | -4.7% |
| Healthpeak Properties DOC | United States | $14.3B | +4% | +9% | 5% | 1.78× | 15.1% | 4.9% |
| Sun Communities SUI | United States | $14.4B | -4% | -19% | 5% | 2.76× | 18.4% | 5.3% |
| CapitaLand Investment 9CI.SI | Singapore | $9.22B | -11% | -15% | 1% | 0.94× | 7.9% | 1.5% |
| Brixmor Property BRX | United States | $9.21B | +1% | +5% | 14% | 3.05× | 23.1% | 14.2% |
| Omega Healthcare Investors OHI | United States | $14.6B | +2% | +14% | 14% | 2.66× | 15.3% | 14.2% |
UDR has 10 bonds outstanding with $3.75B face value. The agencies rate it BBB+; its bonds trade like BBB+. Weighted yield 5.45%, a spread of 83 bp over government bonds.