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UDR Inc Stock Research

UDR

41.06USD+1.18(+2.96%)Market Closed

Market Summary

USD41.06+1.18
Market Closed
2.96%

UDR Alerts

UDR Stock Price

UDR RSI Chart

UDR Valuation

Market Cap

13.5B

Price/Earnings (Trailing)

155.41

Price/Sales (Trailing)

8.9

EV/EBITDA

20.61

Price/Free Cashflow

16.47

UDR Price/Sales (Trailing)

UDR Profitability

EBT Margin

6.12%

Return on Equity

2.12%

Return on Assets

0.79%

Free Cashflow Yield

6.07%

UDR Fundamentals

UDR Revenue

Revenue (TTM)

1.5B

Revenue Y/Y

14.78%

Revenue Q/Q

2.14%

UDR Earnings

Earnings (TTM)

86.9M

Earnings Y/Y

-62.09%

Earnings Q/Q

88.65%

Price Action

52 Week Range

37.1858.94
(Low)(High)

Last 7 days

6.1%

Last 30 days

-1.4%

Last 90 days

6.0%

Trailing 12 Months

-26.7%

UDR Financial Health

Debt/Equity

1.37

Debt/Cashflow

0.15

UDR Investor Care

Dividend Yield

3.7%

Dividend/Share (TTM)

1.52

Shares Dilution (1Y)

3.41%

Diluted EPS (TTM)

0.26

Peers (Alternatives to UDR)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
53.0B
4.2B
2.18% -18.90%
12.18
12.66
22.43% 122.66%
28.6B
4.7B
-1.36% -27.66%
75.78
6.1
5.96% -77.90%
22.7B
2.7B
-1.54% -32.08%
29.23
8.37
11.91% -41.71%
21.4B
2.6B
-12.12% -36.55%
41.11
8.28
22.46% -8.68%
13.2B
1.7B
-4.07% -25.83%
104.43
7.61
26.61% -85.07%
MID-CAP
8.0B
1.1B
-7.32% -17.18%
20.85
7.48
12.95% 47.42%
4.6B
802.0M
-3.51% -5.01%
-362.88
5.72
114.83% 84.36%
2.9B
1.8B
-21.50% -64.10%
-8.51
1.64
13.26% -296.88%
2.3B
859.2M
-11.59% -29.47%
-34.53
2.66
1.38% -563.21%
SMALL-CAP
2.0B
421.4M
4.75% 18.56%
24.12
4.86
3.35% 1705.32%
1.5B
826.7M
-29.95% -68.39%
-19.71
1.86
-2.04% -117.36%
1.1B
190.3M
3.36% 5.05%
12.23
5.92
12.08% 1950.56%
987.5M
740.4M
-12.31% -57.77%
-27.13
1.33
1.87% -78.85%

Financials for UDR

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue3.5%1,5171,4661,4041,3471,291
  S&GA Expenses4.8%64.0061.0061.0060.0058.00
Costs and Expenses2.1%1,2921,2661,2341,1911,159
EBITDA-6.9%928997974957-
EBITDA Margin-10.1%0.61*0.68*0.69*0.71*-
Earnings Before Taxes-46.1%93.00172166173162
EBT Margin-47.9%0.06*0.12*0.12*0.13*-
Interest Expenses4.6%156149145144186
Net Income-45.6%87.00160154161150
Net Income Margin-47.5%0.06*0.11*0.11*0.12*-
Free Cahsflow4.7%820783732701-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-0.5%11,03811,09810,99710,68510,775
    Cash Equivalents-22.1%1.002.001.001.001.00
Liabilities-2.0%6,1006,2276,1146,0306,001
  Long Term Debt2.0%5,6265,5175,4795,413-
Shareholder's Equity3.7%4,0983,9513,8703,3933,443
  Additional Paid-In Capital2.2%7,4937,3327,2446,8926,884
Shares Outstanding0.8%329326325318318
Minority Interest0%0.000.000.000.0031.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations4.7%820783732701664
  Share Based Compensation9.9%28.0025.0025.0024.0022.00
Cashflow From Investing21.9%-929-1,189-1,532-1,400-1,272
Cashflow From Financing-72.7%111407793691613
  Dividend Payments2.5%484472456442434
  Buy Backs-19.1%49.0061.00---

Risks for UDR

What is the probability of a big loss on UDR?

41.9%


Probability that UDR stock will be more than 20% underwater in next one year

29.2%


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

Returns for UDR

Cumulative Returns on UDR

9.0%


10-Year Cumulative Returns

4.4%


7-Year Cumulative Returns

6.4%


5-Year Cumulative Returns

7.6%


3-Year Cumulative Returns

What are the long-term rolling returns for UDR?

FIve years rolling returns for UDR.

Annualized Returns

Which funds bought or sold UDR recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-27
Neo Ivy Capital Management
new
-
214,000
214,000
0.14%
2023-03-23
MetLife Investment Management, LLC
reduced
-1.43
-287,827
3,109,240
0.03%
2023-03-23
ETF MANAGERS GROUP, LLC
added
4.48
-14,900
486,100
0.02%
2023-03-17
American Portfolios Advisors
reduced
-68.49
-4,803
1,919
-%
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
added
0.7
-314,582
4,521,420
-%
2023-03-07
Investure, LLC
unchanged
-
-1,227,490
15,953,300
3.12%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-38.78
-101,000
131,000
-%
2023-02-28
Voya Investment Management LLC
reduced
-83.84
-24,217,200
4,274,780
0.01%
2023-02-24
NATIXIS
sold off
-100
-1,835,000
-
-%
2023-02-24
National Pension Service
added
13.32
1,309,490
20,457,500
0.04%

1–10 of 46

Latest Funds Activity

Are funds buying UDR calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own UDR
No. of Funds

UDR News

MarketWatch

UDR Inc. stock rises Friday, outperforms market.

MarketWatch,
7 hours ago

Schedule 13G FIlings of UDR

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
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
Jan 27, 2022
blackrock inc.
11.2%
34,773,820
SC 13G/A

UDR Fair Value

UDR fair value in different scenarios

The table shows the Fair Value estimates for UDR for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

9.58

-76.67%

10.99

-73.23%

13.79

-66.42%

17.34

-57.77%

20.60

-49.83%
Current Inflation

9.01

-78.06%

10.19

-75.18%

12.54

-69.46%

15.49

-62.27%

18.19

-55.70%
Very High Inflation

8.32

-79.74%

9.24

-77.50%

11.06

-73.06%

13.36

-67.46%

15.45

-62.37%

Historical UDR Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of UDR

View All Filings
Date Filed Form Type Document
Mar 16, 2023
4
Insider Trading
Mar 03, 2023
5
Insider Trading
Feb 22, 2023
4
Insider Trading
Feb 17, 2023
8-K
Current Report
Feb 16, 2023
4
Insider Trading
Feb 16, 2023
4
Insider Trading
Feb 14, 2023
4
Insider Trading
Feb 14, 2023
SC 13G/A
Major Ownership Report
Feb 14, 2023
SC 13G/A
Major Ownership Report
Feb 14, 2023
S-3ASR
S-3ASR

Latest Insider Trading transactions for UDR

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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
-

1–10 of 50

Thomas W. Toomey
1230
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.

UDR Income Statement

2022-09-30
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES:    
Rental income$ 390,023$ 328,699$ 1,113,952$ 937,641
Joint venture management and other fees$ 1,274$ 1,071$ 3,778$ 4,918
Type of revenueudr:ManagementAndOtherFeesMemberudr:ManagementAndOtherFeesMemberudr:ManagementAndOtherFeesMemberudr:ManagementAndOtherFeesMember
Total revenues$ 391,297$ 329,770$ 1,117,730$ 942,559
OPERATING EXPENSES:    
Property operating and maintenance66,76957,708185,658160,424
Real estate taxes and insurance58,23651,511164,788148,043
Property management12,6759,86136,20328,129
Other operating expenses3,7464,23713,48513,045
Real estate depreciation and amortization166,781152,636497,987442,893
General and administrative15,84015,81047,33343,673
Casualty-related charges/(recoveries), net9011,5681,2104,682
Other depreciation and amortization3,4303,2699,5218,472
Total operating expenses328,378296,600956,185849,361
Gain/(loss) on sale of real estate owned00050,829
Operating income62,91933,170161,545144,027
Income/(loss) from unconsolidated entities10,00314,4504,18629,123
Interest expense(39,905)(36,289)(112,653)(149,849)
Interest income and other income/(expense), net(7,495)8,238(6,934)12,831
Income/(loss) before income taxes25,52219,56946,14436,132
Tax (provision)/benefit, net(377)(529)(1,032)(1,283)
Net income/(loss)25,14519,04045,11234,849
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership(1,533)(1,260)(2,684)(2,221)
Net (income)/loss attributable to noncontrolling interests(7)(49)(34)(73)
Net income/(loss) attributable to UDR, Inc.23,60517,73142,39432,555
Distributions to preferred stockholders - Series E (Convertible)(1,106)(1,058)(3,307)(3,171)
Net income/(loss) attributable to common stockholders$ 22,499$ 16,673$ 39,087$ 29,384
Income/(loss) per weighted average common share - basic$ 0.07$ 0.06$ 0.12$ 0.10
Income/(loss) per weighted average common share - diluted$ 0.07$ 0.06$ 0.12$ 0.10
Weighted average number of common shares outstanding - basic324,701297,828320,378296,998
Weighted average number of common shares outstanding - diluted325,686301,164321,629298,045

UDR Balance Sheet

2022-09-30
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Sep. 30, 2022
Dec. 31, 2021
Real estate owned:  
Real estate held for investment$ 15,075,552$ 14,352,234
Less: accumulated depreciation(5,594,600)(5,136,589)
Real estate held for investment, net9,480,9529,215,645
Real estate under development (net of accumulated depreciation of $2,265 and $507, respectively)366,200388,062
Real estate held for disposition (net of accumulated depreciation of $8,944 and $0, respectively)15,019 
Total real estate owned, net of accumulated depreciation9,862,1719,603,707
Cash and cash equivalents1,532967
Restricted cash28,36327,451
Notes receivable, net40,12826,860
Investment in and advances to unconsolidated joint ventures, net761,117702,461
Operating lease right-of-use assets194,923197,463
Other assets209,728216,311
Total assets11,097,96210,775,220
Liabilities:  
Secured debt, net1,053,5601,057,380
Unsecured debt, net4,572,8024,355,407
Operating lease liabilities190,064192,488
Real estate taxes payable61,21033,095
Accrued interest payable26,10945,980
Security deposits and prepaid rent53,69355,441
Distributions payable133,341124,729
Accounts payable, accrued expenses, and other liabilities135,904136,954
Total liabilities6,226,6836,001,474
Commitments and contingencies (Note 13)
Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership920,3111,299,442
Equity:  
Common stock, $0.01 par value; 450,000,000 shares authorized at September 30, 2022 and December 31, 2021: 326,352,154 and 318,149,635 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively3,2643,181
Additional paid-in capital7,332,1276,884,269
Distributions in excess of net income(3,438,027)(3,485,080)
Accumulated other comprehensive income/(loss), net8,779(4,261)
Total stockholders' equity3,950,7583,442,874
Noncontrolling interests21031,430
Total equity3,950,9683,474,304
Total liabilities and equity11,097,96210,775,220
8.00% Series E Cumulative Convertible Preferred Stock  
Equity:  
Preferred stock, no par value; 50,000,000 shares authorized at September 30, 2022 and December 31, 2021:44,61444,764
Series F  
Equity:  
Preferred stock, no par value; 50,000,000 shares authorized at September 30, 2022 and December 31, 2021:$ 1$ 1