UDR, Inc.

NYSE:UDR Stock Report

Market Cap: US$13.4b

UDR Future Growth

Future criteria checks 0/6

UDR's earnings are forecast to decline at 35.2% per annum while its annual revenue is expected to grow at 1.4% per year. EPS is expected to decline by 48.7% per annum. Return on equity is forecast to be 6.8% in 3 years.

Key information

-35.2%

Earnings growth rate

-48.67%

EPS growth rate

Residential REITs earnings growth-6.7%
Revenue growth rate1.4%
Future return on equity6.79%
Analyst coverage

Good

Last updated19 May 2026

Recent future growth updates

Recent updates

Narrative Update • May 03

UDR: Slowing New Supply And Ongoing Buybacks Will Drive Coastal Turnaround

The analyst price target for UDR has edged slightly lower to $40.48 from $40.52, as analysts factor in modest revisions to discount rates, revenue growth, profit margin assumptions, and future P/E expectations in light of recent mixed price target moves across the Street. Analyst Commentary Street research on UDR over the recent period has been active, with both price target increases and reductions clustering around the high $30s to low $40s range.
Seeking Alpha • May 01

UDR: Shift To A Monthly Dividend Doesn't Make Shares A 'Buy'

Summary UDR remains a "Hold," with shares underperforming due to weak rent trends and sector sentiment despite its legacy market focus. Q1 results were stable: FFO of $0.62 met expectations, revenue grew 1%, and occupancy stayed healthy at 96.6%. Management reaffirmed 2024 FFO guidance of $2.47–$2.57; dividend coverage is strong at ~1.45x, with a 4.8% yield and monthly payouts. Medium-term returns are projected at ~8%, with growth lagging until supply normalizes post-2027; no compelling buy catalyst currently. Read the full article on Seeking Alpha
Narrative Update • Apr 19

UDR: Coastal Turnaround Will Depend On Slowing Supply And Ongoing Buybacks

UDR's updated fair value estimate edges down slightly to $40.52 from $40.81 as analysts recalibrate their price targets to reflect mixed revisions around funding costs, modest revenue expectations, and updated sector views on multifamily REIT demand and earnings growth. Analyst Commentary Recent Street research on UDR points to a mixed but informative set of views, with price targets moving in both directions as analysts reassess funding costs, demand trends in multifamily housing, and the pace of earnings growth.
Narrative Update • Apr 04

UDR: Coastal Apartment Turnaround Will Rely On Easing Supply And Buybacks

UDR's analyst price target edges slightly lower by about $0.15, as analysts fine tune fair value and discount rate assumptions while weighing mixed recent revisions across the apartment REIT sector, including both cuts and raises to UDR's target in the latest research cycle. Analyst Commentary Recent research on UDR reflects a mix of optimism and caution, with price target changes clustering within a relatively tight range and tied to both stock specific factors and broader apartment REIT sector assumptions.
Narrative Update • Mar 21

UDR: Coastal Apartment Turnaround To Rely On Easing Supply And Buybacks

UDR's updated analyst price target reflects a modest adjustment of fair value to about $41, as analysts factor in slightly lower profit margin expectations and a higher assumed future P/E multiple, alongside more cautious sector estimates and tempered demand outlooks. Analyst Commentary Recent research on UDR reflects a mix of optimism and caution, with price targets generally clustering in the high $30s to low $40s and a range of ratings from Buy to Neutral and Sector Perform.
Narrative Update • Mar 06

UDR: Coastal Apartment Turnaround Prospects Balance Buybacks And Demand Uncertainty

Our updated UDR fair value edges up to $41.12 from $40.93 as analysts reset price targets in a tight $39 to $42 range, citing lower same store growth assumptions, sector wide estimate cuts, and a more balanced view on future earnings and capital allocation. Analyst Commentary Street research on UDR over the recent period clusters around a tight price target range and reflects a mix of optimism on capital allocation and long term positioning, alongside caution on near term growth and demand risk.
Narrative Update • Feb 20

UDR: Coastal Apartment REIT Turnaround And Buybacks Will Shape 2026 Outlook

The updated analyst price target for UDR edges up from about $40.38 to roughly $40.93. Analysts cite a mix of steady discount rate assumptions, slightly softer revenue growth expectations, and improved profit margin and future P/E inputs as key drivers of the change.
Narrative Update • Feb 05

UDR: Softer Apartment Trends Will Meet Gradual Coastal REIT Turnaround In 2026

Analysts have increased their fair value estimate for UDR to about $40.38 per share, reflecting recent price target revisions from several firms and updated views that incorporate slightly softer revenue growth, tighter profit margins, and a marginally higher future P/E. Analyst Commentary Recent research updates on UDR point to a more constructive tone around the shares, with several firms revisiting their models and targets in light of updated expectations for sector conditions and valuation.
Narrative Update • Jan 22

UDR: Softer Apartment Fundamentals Will Meet Gradual Coastal REIT Turnaround Expectations

Analysts have nudged their price expectations for UDR higher, with the average target moving from about $40.25 to roughly $40.36 as they balance slightly lower growth and margin assumptions against modestly higher future P/E expectations and recent target changes across the Street. Analyst Commentary Recent research on UDR shows a split view, with some firms leaning more constructive on the long term setup while others remain cautious on near term fundamentals and fund flows into REITs. Bullish Takeaways Bullish analysts who raised price targets point to what they see as an attractive entry point for Coastal Apartment REITs, with UDR included in that group.
Narrative Update • Jan 07

UDR: Softer Apartment Fundamentals Will Test Recovery As Portfolios Support Stability

Analysts have trimmed their price target on UDR by about US$0.18 to roughly US$40.25. They cite recent target cuts from several firms and more cautious earnings assumptions as apartment fundamentals soften and capital flows favor other sectors.
Narrative Update • Dec 16

UDR: Sunbelt And Coastal Portfolios Will Support Recovery As Fundamentals Stabilize

Narrative Update UDR's fair value estimate has inched down by approximately $0.27 per share as analysts trim price targets in response to softening multifamily fundamentals, more cautious 2026 earnings expectations, and ongoing fund flow headwinds for REITs. Analyst Commentary Recent Street research on UDR reflects a generally cautious stance, with multiple firms trimming price targets and reassessing growth expectations into 2026 as apartment fundamentals soften and REITs face persistent capital allocation headwinds. Bullish Takeaways Some bullish analysts maintain positive long term views, pointing to an eventual REIT recovery over the next 12 to 24 months as fundamentals stabilize and capital markets normalize.
Narrative Update • Dec 01

UDR: Sunbelt And Coastal Markets Will Drive Performance Through 2025

Analysts have slightly reduced their price target for UDR, from $40.98 to $40.70. This adjustment is due to tempered earnings outlooks and confirmation of weakening fundamentals within the multifamily sector.
Narrative Update • Nov 17

UDR: Sunbelt And Coastal Demand Will Support Performance In 2025

Analysts have lowered their average price target for UDR, Inc., reducing it from approximately $42.84 to $40.98 per share. They cite moderated revenue growth forecasts, slightly lower profit margin expectations, and an increasingly cautious outlook on multifamily real estate fundamentals.
Narrative Update • Nov 01

UDR: Sunbelt Supply Slowdown Will Support Multifamily Sector Recovery

Narrative Update on UDR Analysts have modestly reduced their fair value estimate for UDR by approximately $0.18 to $42.84. This change reflects lowered expectations for revenue growth and subdued outlooks for the broader multifamily REIT sector.
Narrative Update • Oct 17

Urban Migration And Sunbelt Demand Will Drive Multifamily Value

Analysts have slightly lowered their price target for UDR by approximately $0.45. They cite a cautious outlook on the multifamily sector and recent market dynamics that are impacting residential real estate investment trusts.
Narrative Update • Oct 03

Urban Migration And Sunbelt Demand Will Drive Multifamily Value

Analysts have slightly lowered their fair value estimate for UDR to approximately $43.48 from $44.12. This reflects more cautious expectations for multifamily REITs and tempered growth outlooks following recent price target adjustments across the sector.
Narrative Update • Sep 05

Urban Migration And Sunbelt Demand Will Drive Multifamily Value

UDR’s consensus price target saw a slight downward revision to $44.12 amid leadership uncertainty and some preference for peers, though moderating new supply and sequential rent gains support the outlook. Analyst Commentary Leadership changes at UDR, notably the unexpected resignation of the President and CIO, have introduced uncertainty over management succession and board dynamics.
Seeking Alpha • Mar 26

UDR: A Secure Dividend But Modest Upside

Summary UDR's focus on legacy markets with limited supply has driven rent growth, outperforming Sun Belt regions, supporting a stable rental demand outlook. The company's strong balance sheet, low turnover, and favorable debt metrics provide a secure foundation for continued modest growth and dividend sustainability. Despite solid fundamentals, UDR's valuation suggests market-like returns; a pullback to $41 would make shares more attractive for investment. With ongoing rent increases and stable occupancy, UDR is poised for steady FFO growth, but significant upside is limited. Read the full article on Seeking Alpha
Seeking Alpha • Jan 03

UDR Could Shine In 2025 With Moderating Supply And Strong Demand

Summary UDR, Inc. is a well-diversified multifamily REIT with exposure to both Tier 1 coastal and high-growth Sunbelt markets. It has steady occupancy and favorable rent-to-income ratios. Persistent high mortgage rates make renting more attractive, positioning UDR to benefit from robust tenant demand and lower new supply, supporting long-term value and income growth. UDR's moderate valuation supports the potential for 9-10% total annual returns through dividends and FFO/share growth, making it a solid investment candidate. Read the full article on Seeking Alpha
Seeking Alpha • Oct 10

UDR: Well-Diversified REIT Trading At Fair Value

Summary UDR is a REIT with strong diversification among West Coast, Northeast/Mid-Atlantic, and Sunbelt markets and has demonstrated accretive management in capital allocation decisions. The TTM AFFO growth over the past six quarters has been insignificant, but the stock's price-to-AFFO ratio is slightly inferior to its five-year average, making it fairly valued. When combining the valuation with negative factors, such as higher leverage and lower quality than other multi-family REITs, the stock becomes a hold for now. Read the full article on Seeking Alpha
Seeking Alpha • Oct 04

UDR: At Fair Value After A Rate-Driven Rally

Summary UDR shares have outperformed the market, gaining 12% versus the S&P 500's 6% rally, driven by declining interest rates and stabilizing apartment rents. UDR's performance is closely tied to interest rates, benefiting from the Federal Reserve's rate cuts, though much of this tailwind may be priced in. UDR's geographic focus on legacy markets with less new supply has helped it weather the rental market downturn, though this will be less of a tailwind next year. UDR offers a secure 3.8% dividend yield, with moderate growth prospects, making it a reasonable hold for income-oriented investors, though there is not enough upside to merit a buy. Read the full article on Seeking Alpha
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New Narrative • Aug 21

Innovative Strategies And Robust Housing Demand Propel Future Revenue And Occupancy Growth

Strong demand for housing, driven by employment growth and income increases, supports higher occupancy and pricing, enhancing future revenue.
Seeking Alpha • Jul 16

UDR: Less Risky, But Fairly Valued

Summary UDR is a REIT that owns and manages multi-family apartment communities, primarily in the West Coast and Northeast markets. The portfolio is well-diversified, leverage is low, and liquidity is high, but the shares are fairly valued. The short-term outlook for the REIT is good, but there may be better vehicles to take advantage of it. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:UDR - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/20281,813184N/AN/A4
12/31/20271,764169N/AN/A13
12/31/20261,715272N/AN/A13
3/31/20261,767486847875N/A
12/31/20251,749373867903N/A
9/30/20251,742145847882N/A
6/30/20251,715127838877N/A
3/31/20251,705118839865N/A
12/31/20241,70085855877N/A
9/30/20241,678123836855N/A
6/30/20241,675133810829N/A
3/31/20241,670452815832N/A
12/31/20231,632440816833N/A
9/30/20231,677451808831N/A
6/30/20231,662442814832N/A
3/31/20231,606100811827N/A
12/31/20221,52283799820N/A
9/30/20221,507155771783N/A
6/30/20221,450150717732N/A
3/31/20221,413156685701N/A
12/31/20211,308146654664N/A
9/30/20211,27955621631N/A
6/30/20211,24712607617N/A
3/31/20211,24258581592N/A
12/31/20201,26060593604N/A
9/30/20201,376131613630N/A
6/30/20201,362184644661N/A
3/31/20201,344162613629N/A
12/31/20191,290181N/A631N/A
9/30/20191,083165N/A611N/A
6/30/20191,050157N/A592N/A
3/31/20191,010142N/A566N/A
12/31/20181,042199N/A561N/A
9/30/20181,026186N/A536N/A
6/30/20181,012184N/A534N/A
3/31/20181,000174N/A531N/A
12/31/20171,027118N/A519N/A
9/30/2017971286N/A543N/A
6/30/2017979297N/A550N/A
3/31/2017972305N/A544N/A
12/31/2016964289N/A537N/A
9/30/2016971218N/A536N/A
6/30/2016937204N/A468N/A
3/31/2016913273N/A475N/A
12/31/2015898337N/A459N/A
9/30/2015858236N/A416N/A
6/30/2015840263N/A423N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: UDR's earnings are forecast to decline over the next 3 years (-35.2% per year).

Earnings vs Market: UDR's earnings are forecast to decline over the next 3 years (-35.2% per year).

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

Revenue vs Market: UDR's revenue (1.4% per year) is forecast to grow slower than the US market (11.6% per year).

High Growth Revenue: UDR's revenue (1.4% 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 (6.8%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/20 05:27
End of Day Share Price 2026/05/20 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

UDR, Inc. is covered by 41 analysts. 13 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Wesley GolladayBaird
Richard HightowerBarclays
Ross SmotrichBarclays