UDR (UDR)
Owner-operator of U.S. apartment communities with centralized resident services.
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Owns and operates apartment communities across targeted U.S. markets, earning mainly from resident rents. Portfolio recycling, development and redevelopment, joint ventures, and preferred equity investments complement stabilized communities managed through centralized resident-service technology.
Owns and operates multifamily apartment communities across West, Northeast, Mid-Atlantic, Southeast, and Southwest U.S. markets. Rental income from stabilized Same-Store Communities forms the core business, while Non-Mature Communities/Other covers recently acquired, developed, redeveloped, and mixed-use assets. A consolidated portfolio of more than 55,000 apartment homes is supplemented by joint ventures and a Debt and Preferred Equity Program.
Acquires, renovates, develops, redevelops, and sells communities to reshape the portfolio. Centralized leasing and resident-service systems, a resident app, and smart-home tools support property operations and retention. Results depend on local rents, occupancy, operating costs, housing supply, and capital availability. REIT qualification also requires recurring distributions, limiting cash retained for investment.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | Evercore ISI | Target | Target: $44 | Target: $41 |
| Sep 15, 2026 | UBS | Reiterate | Rating: —Target: $42 | Target: $41 |
| Sep 8, 2026 | Mizuho Securities | Target | Target: $41 | Target: $39 |
| Sep 1, 2026 | Wells Fargo | Reiterate | Rating: —Target: $44 | Target: $43 |
| Aug 14, 2026 | Deutsche Bank | Reiterate | Rating: —Target: $45 | Target: $44 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $1.2M · Total debt $5.99B · Total assets $10.27B · Shareholders' equity $2.94B
- Revenue
- $425.4M
- Operating income
- $92.5M
- Net income
- $69.0M
HistoryDividendAnnual yield
| Institutions | 106.84% | 343.25M shares | |
|---|---|---|---|
| 534 holders · as of Jun 30, 2026 | |||
| Insiders | 0.42% | 1.34M shares | |
| 9 holders · as of Jul 24, 2026 | |||
| Strategic holders | 5.64% | 18.13M shares | |
| 1 holder · as of Feb 8, 2022 | |||
| Adds to | 112.90% | ||
321.26M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 112.90%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 9.73% | 31.25M | as of Jun 30, 2026 |
Norges BankInstitution | 9.17% | 29.45M | as of Jun 30, 2026 |
Capital Research Global InvestorsInstitution | 7.96% | 25.57M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 7.94% | 25.52M | as of Jun 30, 2026 |
Vanguard Capital Management LLCInstitution | 6.32% | 20.29M | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Jun 5, 2026 | Thomas W. Toomey | director, officer: Chairman, President and CEO | −80,000 | $39.25 |
- Equity Residential
Large apartment REIT overlap in coastal and growth metros
- Mid-America Apartment Communities
Sun Belt multifamily peer across leasing and asset growth
- Camden Property Trust
Sun Belt and western apartment REIT overlap
- Essex Property Trust
West Coast apartment REIT competing for renters and assets
- Independence Realty Trust
Non-gateway U.S. multifamily REIT overlapping Sun Belt renters
- Centerspace
Regional apartment REIT overlap in Denver and capital recycling
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| UDR | $34.14 | +0.72% | $10.89B | 21.6 | 58.0 | 6.3 | −0.0% |
| Equity Residential | $61.76 | +0.64% | $23.01B | 26.9 | 39.9 | 7.3 | +2.1% |
| Mid-America Apartment Communities | $119.14 | +0.24% | $13.83B | 34.8 | 38.0 | 6.2 | +1.0% |
| Camden Property Trust | $99.39 | +0.58% | $9.93B | 32.8 | 104.9 | 6.3 | −0.9% |
| Essex Property Trust | $273.64 | +0.83% | $17.44B | 42.2 | 45.3 | 9.1 | +4.1% |
| Independence Realty Trust | $14.75 | +0.58% | $3.46B | 79.9 | 68.8 | 5.2 | +3.2% |
| Centerspace | $55.72 | +0.63% | $930.4M | 44.0 | — | 3.5 | −4.0% |
| Median | 38.5 | 45.3 | 6.3 | +1.5% |