NYSE:UDR

Stock Analysis Report

Executive Summary

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 properties in targeted U.S.


Snowflake Analysis

Average dividend payer with worrying balance sheet.


Similar Companies

Share Price & News

How has UDR's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: UDR has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

1.2%

UDR

-0.07%

US REITs

-1.0%

US Market


1 Year Return

13.5%

UDR

16.0%

US REITs

18.0%

US Market

Return vs Industry: UDR underperformed the US REITs industry which returned 16% over the past year.

Return vs Market: UDR underperformed the US Market which returned 18% over the past year.


Shareholder returns

UDRIndustryMarket
7 Day1.2%-0.07%-1.0%
30 Day5.7%3.3%0.6%
90 Day7.1%8.1%7.9%
1 Year16.9%13.5%20.7%16.0%20.4%18.0%
3 Year54.9%40.7%37.9%20.6%48.0%38.5%
5 Year87.3%59.5%60.3%27.3%72.2%53.3%

Price Volatility Vs. Market

How volatile is UDR's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is UDR undervalued compared to its fair value and its price relative to the market?

80.32x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: UDR ($50.93) is trading above our estimate of fair value ($50.3)

Significantly Below Fair Value: UDR is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: UDR is poor value based on its PE Ratio (80.3x) compared to the REITs industry average (37.2x).

PE vs Market: UDR is poor value based on its PE Ratio (80.3x) compared to the US market (18.2x).


Price to Earnings Growth Ratio

PEG Ratio: UDR's earnings are forecast to decline next year, so we can't calculate its PEG ratio.


Price to Book Ratio

PB vs Industry: UDR is overvalued based on its PB Ratio (4.5x) compared to the US REITs industry average (2.1x).


Next Steps

Future Growth

How is UDR forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?

-15.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UDR's earnings are forecast to decline over the next 3 years (-15.8% per year).

Earnings vs Market: UDR's earnings are forecast to decline over the next 3 years (-15.8% per year).

High Growth Earnings: UDR's earnings are forecast to decline over the next 3 years.

Revenue vs Market: UDR's revenue (3.9% per year) is forecast to grow slower than the US market (7.6% per year).

High Growth Revenue: UDR's revenue (3.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: UDR's Return on Equity is forecast to be low in 3 years time (3.7%).


Next Steps

Past Performance

How has UDR performed over the past 5 years?

-8.1%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: UDR has a large one-off gain of $134.9M impacting its December 31 2019 financial results.

Growing Profit Margin: UDR's current net profit margins (15.6%) are lower than last year (19.1%).


Past Earnings Growth Analysis

Earnings Trend: UDR's earnings have declined by -8.1% per year over the past 5 years.

Accelerating Growth: UDR's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.

Earnings vs Industry: UDR had negative earnings growth (-9.2%) over the past year, making it difficult to compare to the REITs industry average (9.3%).


Return on Equity

High ROE: UDR's Return on Equity (4.5%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is UDR's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: UDR has a high level of physical assets or inventory.

Debt Coverage by Assets: UDR's debt is not covered by short term assets (assets are 0x debt).


Financial Institutions Analysis

Asset Level: UDR's level of assets compared to its equity is low.

Allowance for Bad Loans: Insufficient data to determine if UDR has a sufficient allowance for bad loans.

Low Risk Liabilities: UDR reports no customer deposits, loans are made up entirely of externally borrowed funds.

Loan Level: Insufficient data to determine if UDR has an acceptable proportion of non-loan assets held.

Low Risk Deposits: UDR has advanced significantly more loans than the customer deposits it holds.

Level of Bad Loans: Insufficient data to determine if UDR has an appropriate level of bad loans.


Next Steps

Dividend

What is UDR's current dividend yield, its reliability and sustainability?

2.83%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: UDR's dividend (2.83%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: UDR's dividend (2.83%) is low compared to the top 25% of dividend payers in the US market (3.73%).


Stability and Growth of Payments

Stable Dividend: UDR's dividend payments have been volatile in the past 10 years.

Growing Dividend: UDR's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: With its reasonable payout ratio (61.5%), UDR's dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: UDR's dividends in 3 years are forecast to be thoroughly covered by earnings (0.2% payout ratio).


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

3.6yrs

Average management tenure


CEO

Tom Toomey (58yo)

19yrs

Tenure

US$6,278,476

Compensation

Mr. Thomas W. Toomey, also known as Tom, has been the Chief Executive Officer and Director of UDR, Inc. since February 2001 and served as President since February 2001 until January 1, 2019. Mr. Toomey has ...


CEO Compensation Analysis

Compensation vs Market: Tom's total compensation ($USD6.28M) is below average for companies of similar size in the US market ($USD10.79M).

Compensation vs Earnings: Tom's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Thomas Toomey
Chairman & CEO19yrsUS$6.28m0.56% $89.1m
Jerry Davis
President & COO1.1yrsUS$2.84m0.061% $9.8m
Joseph Fisher
Senior VP & CFO3.1yrsUS$1.87m0.013% $2.1m
Harry Alcock
Chief Investment Officer & Senior VP3yrsUS$2.77m0.033% $5.3m
Warren Troupe
Senior EVP11.8yrsUS$2.86m0.14% $21.7m
Tracy Hofmeister
VP & Chief Accounting Officer2yrsno data0.0038% $607.2k
Randall Wesson
Senior VP & Chief Information Officer0yrsno datano data
Christopher G. Ens
Vice President – Operations4.1yrsno datano data
David Thatcher
Senior VP & General Counsel5.1yrsno datano data
Mari Akers
Senior Vice President of Human Resources0yrsno datano data

3.6yrs

Average Tenure

56yo

Average Age

Experienced Management: UDR's management team is considered experienced (3.6 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Thomas Toomey
Chairman & CEO19yrsUS$6.28m0.56% $89.1m
Katherine Cattanach
Independent Director13.8yrsUS$200.33k0.023% $3.7m
James Klingbeil
Lead Independent Director2.1yrsUS$317.98k0.058% $9.2m
Lynne Sagalyn
Independent Vice Chair of the Board9.9yrsUS$195.33k0.026% $4.2m
Robert Freeman
Independent Director21.2yrsUS$195.33k0.032% $5.1m
Jon Grove
Independent Director22.1yrsUS$208.95k0.15% $24.4m
Robert McNamara
Independent Director6yrsUS$202.65k0.0060% $957.2k
Mark Patterson
Independent Director6.1yrsUS$202.65k0.0031% $487.4k
Clinton McDonnough
Independent Director4yrsUS$220.83k0.0039% $623.2k
Mary King
Independent Director4.6yrsUS$195.33k0.00087% $139.0k

6.0yrs

Average Tenure

68.5yo

Average Age

Experienced Board: UDR's board of directors are considered experienced (6 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: UDR insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.4%.


Top Shareholders

Company Information

UDR, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: UDR, Inc.
  • Ticker: UDR
  • Exchange: NYSE
  • Founded: 1972
  • Industry: Residential REITs
  • Sector: Real Estate
  • Implied Market Cap: US$15.980b
  • Market Cap: US$15.006b
  • Shares outstanding: 315.00m
  • Website: https://www.udr.com

Number of Employees


Location

  • UDR, Inc.
  • 1745 Shea Center Drive
  • Suite 200
  • Highlands Ranch
  • Colorado
  • 80129
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
UF0DB (Deutsche Boerse AG)YesCommon StockDEEURFeb 1980
UDRNYSE (New York Stock Exchange)YesCommon StockUSUSDFeb 1980
0LHSLSE (London Stock Exchange)YesCommon StockGBUSDFeb 1980
UDR *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNFeb 1980
UDR PRGCLNYSE (New York Stock Exchange)PFD SER GUSUSDJun 2007
U1DR34BOVESPA (Bolsa de Valores de Sao Paulo)BDR EACH 1 REPR 1 SHS UNSPONBRBRLJan 2020

Biography

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 properties in targeted U.S. markets. As of December 31, 2019, UDR owned or had an ownership position in 51,294 apartment homes including 878 homes under development. For over 47 years, UDR has delivered long-term value to shareholders, the best standard of service to residents and the highest quality experience for associates. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/22 01:27
End of Day Share Price2020/02/21 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.