Market Summary
USD35.69-0.02
Delayedas of 27 Sep 2023, 11:32 am-0.06%
UDR Alerts
UDR Stock Price
UDR RSI Chart
UDR Valuation
UDR Price/Sales (Trailing)
UDR Profitability
UDR Fundamentals
UDR Revenue
UDR Earnings
Price Action
52 Week Range
35.5345.46
(Low)(High)
Last 7 days
-5.6%
Last 30 days
-8.8%
Last 90 days
-15.3%
Trailing 12 Months
-11.8%
UDR Financial Health
UDR Investor Care
Historical Charts for Stock Metrics
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Net sales
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Latest Insider Trading transactions for UDR
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
2023-02-21 | Lacy Michael D | sold (taxes) | -22,889 | 43.85 | -522 | svp-property operations |
2023-02-15 | Lacy Michael D | sold (taxes) | -11,345 | 45.02 | -252 | svp-property operations |
2023-02-15 | Hofmeister Tracy L | sold (taxes) | -5,222 | 45.02 | -116 | svp - chief accounting officer |
2023-02-09 | Lacy Michael D | sold (taxes) | -54,065 | 43.92 | -1,231 | svp-property operations |
2023-02-09 | Lacy Michael D | acquired | - | - | 3,520 | svp-property operations |
2023-02-09 | Hofmeister Tracy L | acquired | - | - | 912 | svp - chief accounting officer |
2023-02-09 | Hofmeister Tracy L | sold (taxes) | -8,784 | 43.92 | -200 | svp - chief accounting officer |
2023-02-06 | Fisher Joseph D | sold (taxes) | -30,309 | 42.69 | -710 | president-cfo |
2023-02-06 | ALCOCK HARRY G | sold (taxes) | -57,973 | 42.69 | -1,358 | svp-chief investment officer |
2023-01-03 | MCNAMARA ROBERT A | acquired | 99,986 | 38.59 | 2,591 | - |
Which funds bought or sold UDR recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
2023-09-20 | BARCLAYS PLC | added | 51.28 | 8,171,000 | 22,195,000 | 0.01% |
2023-09-12 | Farther Finance Advisors, LLC | added | 11.67 | 414 | 2,878 | -% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | -162 | 9,072 | -% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | 12,730 | 287,832 | -% |
2023-08-23 | WOLVERINE TRADING, LLC | added | 21.8 | 191,705 | 812,705 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | added | 62.68 | 919,829 | 2,230,050 | 0.02% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -13.78 | -35,879 | 330,747 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -1.06 | 41,000 | 1,187,000 | 0.01% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -5.43 | -230,518 | 21,721,300 | 0.03% |
2023-08-16 | National Pension Service | reduced | -0.26 | 1,457,170 | 21,563,700 | 0.04% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
UDR Alerts
Schedule 13G FIlings of UDR
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Apr 10, 2023 | cohen & steers, inc. | 10.43% | 34,336,156 | SC 13G/A | |
| Feb 14, 2023 | norges bank | 7.27% | 23,662,326 | SC 13G/A | |
| Feb 14, 2023 | cohen & steers, inc. | 9.72% | 31,654,813 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 16.18% | 52,667,742 | SC 13G/A | |
| Jan 31, 2023 | state street corp | 6.35% | 20,668,054 | SC 13G/A | |
| Jan 23, 2023 | blackrock inc. | 10.6% | 34,436,114 | SC 13G/A | |
| Feb 14, 2022 | cohen & steers, inc. | 14.03% | 43,378,707 | SC 13G/A | |
| Feb 14, 2022 | state street corp | 5.99% | 18,511,451 | SC 13G/A | |
| Feb 10, 2022 | vanguard group inc | 15.61% | 48,274,114 | SC 13G/A | |
| Feb 08, 2022 | norges bank | 5.88% | 18,129,085 | SC 13G/A |
Recent SEC filings of UDR
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Sep 11, 2023 | 8-K | Current Report | |
| Jul 28, 2023 | 4 | Insider Trading | |
| Jul 27, 2023 | 10-Q | Quarterly Report | |
| Jul 26, 2023 | 8-K | Current Report |
Peers (Alternatives to UDR)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
PSA | 48.1B | 4.4B | -0.64% | -17.74% | 11.24 | 10.95 | 14.80% | 87.79% |
DLR | 35.9B | 5.1B | -4.87% | 20.41% | 83.79 | 6.99 | 13.73% | -68.04% |
EQR | 22.2B | 2.0B | -8.85% | -11.54% | 26.67 | 11.02 | -22.97% | -33.54% |
ARE | 20.0B | 2.7B | -14.60% | -28.78% | 26.64 | 7.46 | 15.16% | 88.51% |
KIM | 10.8B | 1.8B | -6.99% | -3.33% | 26.72 | 6.15 | 6.75% | -42.80% |
| MID-CAP | ||||||||
FRT | 7.4B | 1.1B | -7.33% | 2.70% | 19.01 | 6.66 | 8.31% | 38.10% |
KRG | 4.6B | 820.5M | -2.66% | 26.63% | 165.56 | 5.67 | 29.95% | 125.56% |
VNO | 4.1B | 1.8B | -1.86% | -5.15% | -11.07 | 2.26 | 5.60% | -286.96% |
MAC | 2.4B | 866.2M | -0.63% | 43.93% | -27.13 | 2.73 | 0.51% | -335.26% |
| SMALL-CAP | ||||||||
SKT | 2.4B | 426.3M | -0.58% | 66.41% | 24.86 | 5.52 | 1.38% | 137.97% |
SLG | 2.3B | 882.0M | -0.74% | -1.41% | -5.19 | 2.6 | 11.76% | -239.94% |
PGRE | 988.7M | 732.3M | -5.41% | -26.08% | -11.6 | 1.35 | -0.03% | -4012.90% |
AIV | 971.6M | 339.3M | -13.11% | -8.40% | -5.5 | 2.86 | 88.48% | -168.70% |
UDR News
Returns for UDR
Cumulative Returns on UDR
7.5%
10-Year Cumulative Returns
2.8%
7-Year Cumulative Returns
0.8%
5-Year Cumulative Returns
6.2%
3-Year Cumulative Returns
Risks for UDR
What is the probability of a big loss on UDR?
50.8%
Probability that UDR stock will be more than 20% underwater in next one year
30%
Probability that UDR stock will be more than 30% underwater in next one year.
0%
Probability that UDR stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.
How does UDR drawdown profile look like?
Y-axis is the maximum loss one would have experienced if UDR was unfortunately bought at previous high price.
Drawdowns
Financials for UDR
Income Statement (Last 12 Months)(In Millions)
| Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Revenue | 2.3% | 1,595 | 1,560 | 1,517 | 1,466 | 1,404 | 1,347 | 1,291 | 1,245 | 1,225 | 1,221 | 1,241 | 1,244 | 1,229 | 1,203 | 1,152 | 1,115 | 1,086 | 1,064 | 1,047 | 1,032 | 1,017 |
| Costs and Expenses | 1.2% | 1,332 | 1,316 | 1,292 | 1,266 | 1,234 | 1,191 | 1,159 | 1,121 | 1,105 | 1,106 | 1,111 | 1,099 | 1,056 | 1,001 | 936 | 884 | 858 | 841 | 828 | 827 | 821 |
| S&GA Expenses | -0.2% | 67.00 | 67.00 | 64.00 | 61.00 | 61.00 | 60.00 | 58.00 | 56.00 | 52.00 | 48.00 | 50.00 | 52.00 | 53.00 | 54.00 | 52.00 | 48.00 | 48.00 | 48.00 | 47.00 | 48.00 | 48.00 |
| EBITDA | -100.0% | - | 961 | 928 | 997 | 974 | 957 | 969 | 877 | 857 | 919 | 893 | 964 | 975 | 908 | 882 | - | - | - | - | - | - |
| EBITDA Margin | -100.0% | - | 0.62* | 0.61* | 0.68* | 0.69* | 0.71* | 0.75* | 0.70* | 0.70* | 0.75* | 0.72* | 0.77* | 0.79* | 0.76* | 0.77* | - | - | - | - | - | - |
| Interest Expenses | 5.1% | 172 | 164 | 156 | 149 | 145 | 144 | 186 | 212 | 238 | 242 | 203 | 201 | 181 | 177 | 171 | 149 | 141 | 138 | 134 | 130 | 126 |
| Earnings Before Taxes | 329.2% | 477 | 111 | 93.00 | 172 | 166 | 173 | 162 | 65.00 | 19.00 | 70.00 | 72.00 | 148 | 205 | 180 | 203 | 188 | 177 | 162 | 222 | 209 | 207 |
| EBT Margin | -100.0% | - | 0.07* | 0.06* | 0.12* | 0.12* | 0.13* | 0.13* | 0.05* | 0.02* | 0.06* | 0.06* | 0.12* | 0.17* | 0.15* | 0.18* | - | - | - | - | - | - |
| Net Income | 328.7% | 447 | 104 | 87.00 | 160 | 154 | 161 | 150 | 59.00 | 16.00 | 62.00 | 64.00 | 143 | 195 | 173 | 193 | 177 | 170 | 157 | 222 | 208 | 205 |
| Net Income Margin | -100.0% | - | 0.07* | 0.06* | 0.11* | 0.11* | 0.12* | 0.12* | 0.05* | 0.01* | 0.05* | 0.05* | 0.11* | 0.16* | 0.14* | 0.17* | - | - | - | - | - | - |
| Free Cashflow | -100.0% | - | 827 | 820 | 783 | 732 | 701 | 664 | 631 | 617 | 592 | 604 | 630 | 661 | 629 | 631 | - | - | - | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Assets | 1.1% | 11,086 | 10,968 | 11,038 | 11,098 | 10,997 | 10,685 | 10,775 | 10,401 | 9,919 | 9,567 | 9,638 | 9,551 | 9,564 | 9,691 | 9,636 | 8,698 | 8,197 | 7,956 | 7,712 | 7,679 | 7,707 |
| Cash Equivalents | 31.7% | 2.00 | 1.00 | 1.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 3.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 8.00 | 2.00 | 1.00 | 1.00 | 185 | 1.00 | 1.00 |
| Liabilities | -1.9% | 6,030 | 6,145 | 6,100 | 6,227 | 6,114 | 6,030 | 6,001 | 6,084 | 6,010 | 5,560 | 5,523 | 5,458 | 5,315 | 5,394 | 5,228 | 4,354 | 4,229 | 3,942 | 3,816 | 4,079 | 4,016 |
| Shareholder's Equity | 5.1% | 4,120 | 3,921 | 4,098 | 3,951 | 3,870 | 3,393 | 3,474 | 3,124 | 2,805 | 3,016 | 3,259 | 3,333 | 3,415 | 3,478 | 3,389 | 3,272 | 2,968 | 2,962 | 2,923 | 2,607 | 2,769 |
| Additional Paid-In Capital | 0.2% | 7,509 | 7,494 | 7,493 | 7,332 | 7,244 | 6,892 | 6,884 | 6,391 | 5,888 | 5,886 | 5,881 | 5,776 | 5,794 | 5,788 | 5,782 | 5,703 | 5,245 | 5,184 | 4,921 | 4,620 | 4,639 |
| Shares Outstanding | 0.1% | 329 | 329 | 329 | 326 | 318 | 318 | 318 | 298 | 297 | 297 | 297 | 295 | 295 | 294 | 295 | 289 | 282 | 277 | 276 | 268 | 267 |
| Minority Interest | 0% | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 31.00 | 27.00 | 21.00 | 15.00 | 24.00 | 21.00 | 18.00 | 14.00 | 31.00 | 25.00 | 19.00 | 13.00 | 17.00 | 14.00 | 11.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
| Cashflow From Operations | 0.6% | 832 | 827 | 820 | 783 | 732 | 701 | 664 | 631 | 617 | 592 | 604 | 630 | 661 | 629 | 631 | 611 | 592 | 566 | 561 | 536 | 534 |
| Share Based Compensation | -0.1% | 29.00 | 29.00 | 28.00 | 25.00 | 25.00 | 24.00 | 22.00 | 22.00 | 20.00 | 18.00 | 20.00 | 26.00 | 25.00 | 25.00 | 24.00 | 17.00 | 17.00 | 17.00 | 14.00 | 13.00 | 13.00 |
| Cashflow From Investing | 56.8% | -415 | -960 | -929 | -1,189 | -1,532 | -1,400 | -1,272 | -1,089 | -613 | -205 | -460 | -596 | -1,042 | -1,440 | -1,686 | -1,293 | -808 | -548 | -113 | -227 | -235 |
| Cashflow From Financing | -406.9% | -415 | 135 | 111 | 407 | 793 | 691 | 613 | 464 | 9.00 | -375 | -152 | -33.15 | 380 | 811 | 880 | 678 | 209 | -13.74 | -260 | -303 | -288 |
| Dividend Payments | 3.5% | 511 | 493 | 484 | 472 | 456 | 442 | 434 | 428 | 427 | 425 | 419 | 414 | 405 | 395 | 383 | 369 | 358 | 348 | 342 | 339 | 335 |
| Buy Backs | - | - | - | 49.00 | 61.00 | - | - | - | - | - | - | 20.00 | 79.00 | - | - | - | - | - | - | 20.00 | 27.00 | 40.00 |
UDR Income Statement
2023-06-30CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
| REVENUES: | ||||
| Rental income | $ 403,098 | $ 367,748 | $ 801,405 | $ 723,929 |
| Joint venture management and other fees | $ 1,450 | $ 1,419 | $ 2,692 | $ 2,504 |
| Type of revenue | udr:ManagementAndOtherFeesMember | udr:ManagementAndOtherFeesMember | udr:ManagementAndOtherFeesMember | udr:ManagementAndOtherFeesMember |
| Total revenues | $ 404,548 | $ 369,167 | $ 804,097 | $ 726,433 |
| OPERATING EXPENSES: | ||||
| Property operating and maintenance | 68,861 | 60,405 | 133,695 | 118,889 |
| Real estate taxes and insurance | 57,516 | 52,788 | 115,486 | 106,552 |
| Property management | 13,101 | 11,952 | 26,046 | 23,528 |
| Other operating expenses | 4,259 | 5,027 | 7,291 | 9,739 |
| Real estate depreciation and amortization | 168,925 | 167,584 | 338,225 | 331,206 |
| General and administrative | 16,452 | 16,585 | 33,932 | 31,493 |
| Casualty-related charges/(recoveries), net | 1,134 | 1,074 | 5,290 | 309 |
| Other depreciation and amortization | 3,681 | 3,016 | 7,330 | 6,091 |
| Total operating expenses | 333,929 | 318,431 | 667,295 | 627,807 |
| Gain/(loss) on sale of real estate owned | 325,884 | 0 | 325,885 | 0 |
| Operating income | 396,503 | 50,736 | 462,687 | 98,626 |
| Income/(loss) from unconsolidated entities | 9,697 | (11,229) | 19,404 | (5,817) |
| Interest expense | (45,113) | (36,832) | (88,855) | (72,748) |
| Interest income and other income/(expense), net | 10,447 | 3,001 | 11,457 | 561 |
| Income/(loss) before income taxes | 371,534 | 5,676 | 404,693 | 20,622 |
| Tax (provision)/benefit, net | (1,351) | (312) | (1,585) | (655) |
| Net income/(loss) | 370,183 | 5,364 | 403,108 | 19,967 |
| Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership | (22,630) | (272) | (24,583) | (1,151) |
| Net (income)/loss attributable to noncontrolling interests | (8) | (8) | (16) | (27) |
| Net income/(loss) attributable to UDR, Inc. | 347,545 | 5,084 | 378,509 | 18,789 |
| Distributions to preferred stockholders - Series E (Convertible) | (1,222) | (1,109) | (2,405) | (2,201) |
| Net income/(loss) attributable to common stockholders | $ 346,323 | $ 3,975 | $ 376,104 | $ 16,588 |
| Income/(loss) per weighted average common share - basic | $ 1.05 | $ 0.01 | $ 1.14 | $ 0.05 |
| Income/(loss) per weighted average common share - diluted | $ 1.05 | $ 0.01 | $ 1.14 | $ 0.05 |
| Weighted average number of common shares outstanding - basic | 328,957 | 318,351 | 328,871 | 318,181 |
| Weighted average number of common shares outstanding - diluted | 332,480 | 319,572 | 332,412 | 319,592 |
UDR Balance Sheet
2023-06-30CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Real estate owned: | ||
| Real estate held for investment | $ 15,340,416 | $ 15,365,928 |
| Less: accumulated depreciation | (5,951,557) | (5,762,205) |
| Real estate held for investment, net | 9,388,859 | 9,603,723 |
| Real estate under development (net of accumulated depreciation of $0 and $296, respectively) | 108,432 | 189,809 |
| Real estate held for disposition (net of accumulated depreciation of $0 and $0, respectively) | 14,039 | |
| Total real estate owned, net of accumulated depreciation | 9,497,291 | 9,807,571 |
| Cash and cash equivalents | 1,544 | 1,193 |
| Restricted cash | 28,837 | 29,001 |
| Notes receivable, net | 183,629 | 54,707 |
| Investment in and advances to unconsolidated joint ventures, net | 963,253 | 754,446 |
| Operating lease right-of-use assets | 192,369 | 194,081 |
| Other assets | 218,782 | 197,471 |
| Total assets | 11,085,705 | 11,038,470 |
| Liabilities: | ||
| Secured debt, net | 1,049,715 | 1,052,281 |
| Unsecured debt, net | 4,377,497 | 4,435,022 |
| Operating lease liabilities | 187,556 | 189,238 |
| Real estate taxes payable | 38,945 | 37,681 |
| Accrued interest payable | 46,729 | 46,671 |
| Security deposits and prepaid rent | 56,690 | 51,999 |
| Distributions payable | 148,403 | 134,213 |
| Accounts payable, accrued expenses, and other liabilities | 124,454 | 153,220 |
| Total liabilities | 6,029,989 | 6,100,325 |
| Commitments and contingencies (Note 13) | ||
| Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership | 935,543 | 839,850 |
| Equity: | ||
| Common stock, $0.01 par value; 450,000,000 shares authorized at June 30, 2023 and December 31, 2022: 329,478,476 and 328,993,088 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively | 3,295 | 3,290 |
| Additional paid-in capital | 7,508,616 | 7,493,423 |
| Distributions in excess of net income | (3,445,679) | (3,451,587) |
| Accumulated other comprehensive income/(loss), net | 9,116 | 8,344 |
| Total stockholders' equity | 4,119,963 | 4,098,085 |
| Noncontrolling interests | 210 | 210 |
| Total equity | 4,120,173 | 4,098,295 |
| Total liabilities and equity | 11,085,705 | 11,038,470 |
| 8.00% Series E Cumulative Convertible Preferred Stock | ||
| Equity: | ||
| Preferred stock, no par value; 50,000,000 shares authorized at June 30, 2023 and December 31, 2022: | 44,614 | 44,614 |
| Series F | ||
| Equity: | ||
| Preferred stock, no par value; 50,000,000 shares authorized at June 30, 2023 and December 31, 2022: | $ 1 | $ 1 |
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. As of September 30, 2020, UDR owned or had an ownership position in 51,649 apartment homes including 1,031 homes under development. For over 48 years, UDR has delivered long-term value to shareholders, the best standard of service to Residents and the highest quality experience for Associates.