UDR Management

Management criteria checks 3/4

UDR's CEO is Tom Toomey, appointed in Feb 2001, has a tenure of 23.25 years. total yearly compensation is $11.76M, comprised of 7.7% salary and 92.3% bonuses, including company stock and options. directly owns 0.29% of the company’s shares, worth $39.30M. The average tenure of the management team and the board of directors is 6.8 years and 10.3 years respectively.

Key information

Tom Toomey

Chief executive officer

US$11.8m

Total compensation

CEO salary percentage	7.7%
CEO tenure	23.3yrs
CEO ownership	0.3%
Management average tenure	6.8yrs
Board average tenure	10.3yrs

Recent management updates

Recent updates

CEO Compensation Analysis

How has Tom Toomey's remuneration changed compared to UDR's earnings?
Date	Total Compensation	Salary	Company Earnings
Mar 31 2024	n/a	n/a	US$452m
Dec 31 2023	US$12m	US$900k	US$440m
Sep 30 2023	n/a	n/a	US$451m
Jun 30 2023	n/a	n/a	US$442m
Mar 31 2023	n/a	n/a	US$100m
Dec 31 2022	US$8m	US$900k	US$83m
Sep 30 2022	n/a	n/a	US$155m
Jun 30 2022	n/a	n/a	US$150m
Mar 31 2022	n/a	n/a	US$156m
Dec 31 2021	US$14m	US$800k	US$146m
Sep 30 2021	n/a	n/a	US$55m
Jun 30 2021	n/a	n/a	US$12m
Mar 31 2021	n/a	n/a	US$58m
Dec 31 2020	US$6m	US$800k	US$60m
Sep 30 2020	n/a	n/a	US$131m
Jun 30 2020	n/a	n/a	US$184m
Mar 31 2020	n/a	n/a	US$162m
Dec 31 2019	US$6m	US$800k	US$181m
Sep 30 2019	n/a	n/a	US$165m
Jun 30 2019	n/a	n/a	US$157m
Mar 31 2019	n/a	n/a	US$142m
Dec 31 2018	US$6m	US$800k	US$199m
Sep 30 2018	n/a	n/a	US$186m
Jun 30 2018	n/a	n/a	US$184m
Mar 31 2018	n/a	n/a	US$174m
Dec 31 2017	US$8m	US$800k	US$118m

Compensation vs Market: Tom's total compensation ($USD11.76M) is about average for companies of similar size in the US market ($USD13.53M).

Compensation vs Earnings: Tom's compensation has increased by more than 20% in the past year.

CEO

Tom Toomey (62 yo)

23.3yrs

Tenure

US$11,755,015

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...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Thomas Toomey	Chairman & CEO	23.3yrs	US$11.76m	0.29% $ 39.3m
Joseph Fisher	CFO & President	7.3yrs	US$4.86m	0.0012% $ 170.8k
Michael Lacy	Senior Vice President of Operations	less than a year	US$2.77m	0.0040% $ 546.9k
Harry Alcock	Chief Investment Officer & Senior VP	7.3yrs	US$3.60m	0.012% $ 1.7m
Tracy Hofmeister	Senior VP & Chief Accounting Officer	6.3yrs	no data	0.0029% $ 405.0k
Joshua Gampp	Senior VP & CTO	3.3yrs	no data	no data
Philip Curry	VP of Information & Security	no data	no data	no data
Trent Trujillo	Vice President of Investor Relations	no data	no data	no data
David Thatcher	Senior VP & General Counsel	9.3yrs	no data	no data
Kristen Nicholson	Vice President of Sales & Revenue	no data	no data	no data
Todd Newton	Vice President of Marketing	no data	no data	no data
Kenneth Balcerzak	Vice President of HR & Legal Affairs	2.3yrs	no data	no data

6.8yrs

Average Tenure

52yo

Average Age

Experienced Management: UDR's management team is seasoned and experienced (6.8 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Thomas Toomey	Chairman & CEO	23.3yrs	US$11.76m	0.29% $ 39.3m
Katherine Cattanach	Independent Director	18yrs	US$277.05k	0.027% $ 3.7m
Diane Morefield	Independent Director	3.6yrs	US$255.61k	0.00047% $ 64.7k
James Klingbeil	Lead Independent Director	26.3yrs	US$335.63k	0.040% $ 5.5m
Jon Grove	Independent Director	26.3yrs	US$268.50k	0.14% $ 18.7m
Robert McNamara	Independent Director	10.3yrs	US$295.00k	0.0083% $ 1.1m
Kevin Nickelberry	Independent Director	2.7yrs	US$256.65k	0.00043% $ 59.2k
Mark Patterson	Independent Director	10.3yrs	US$265.10k	0.0027% $ 376.0k
Clinton McDonnough	Independent Director	8.3yrs	US$268.50k	0.0026% $ 355.4k
Mary King	Independent Director	8.8yrs	US$245.82k	0.00077% $ 106.1k

10.3yrs

Average Tenure

68.5yo

Average Age

Experienced Board: UDR's board of directors are seasoned and experienced ( 10.3 years average tenure).

UDR Management

Management criteria checks 3/4

Key information

Recent management updates

UDR, Inc., Annual General Meeting, May 23, 2024

UDR, Inc. Announces Retirement of Harry G. Alcock, Senior Vice President and Chief Investment Officer, Effective July 31, 2024

Chairman & CEO recently sold US$1.7m worth of stock

Insufficient new directors

Chairman & CEO recently sold US$809k worth of stock

UDR Appoints Patsy Doerr to Senior Vice President – Chief ESG and People Officer

Recent updates

First quarter 2024 earnings: EPS exceeds analyst expectations

UDR, Inc. Provides Earnings Guidance for the Second Quarter of Fiscal 2024; Reaffirms Earnings Guidance for the Full Year 2024

UDR, Inc. to Report Q1, 2024 Results on Apr 30, 2024

UDR, Inc., Annual General Meeting, May 23, 2024

Upcoming dividend of US$0.42 per share

UDR Inc.: Buy Quality Assets At A Discount

Fourth quarter dividend increased to US$0.42

UDR, Inc. Announces Retirement of Harry G. Alcock, Senior Vice President and Chief Investment Officer, Effective July 31, 2024

New minor risk - Shareholder dilution

Consensus EPS estimates fall by 13%

Full year 2023 earnings: EPS exceeds analyst expectations

UDR, Inc. Provides Earnings Guidance for the First Quarter and Full Year of Fiscal Year 2024

New minor risk - Shareholder dilution

UDR, Inc. to Report Q4, 2023 Results on Feb 06, 2024

UDR's 'B' Property Exposure Leaves Shares Fully Valued

Upcoming dividend of US$0.42 per share at 4.4% yield

Chairman & CEO recently sold US$1.7m worth of stock

UDR, Inc. Declares Dividend for the Fourth Quarter of 2023, Payable on January 31, 2024

New minor risk - Shareholder dilution

UDR: Short-Term Ugly, Long-Term Beautiful

Insufficient new directors

Udr, Inc. Updates Earnings Guidance for the Full Year 2023

Third quarter 2023 earnings: EPS misses analyst expectations

UDR, Inc. to Report Q3, 2023 Results on Oct 26, 2023

Upcoming dividend of US$0.42 per share at 4.7% yield

UDR: Buy The Drop On This Unloved Dividend Stock

UDR, Inc. Declares Regular Quarterly Cash Dividend on Its Common Stock for the Third Quarter of 2023, Payable on October 31, 2023

New minor risk - Shareholder dilution

Consensus EPS estimates fall by 18%

Consensus EPS estimates increase by 184%

New major risk - Revenue and earnings growth

Second quarter 2023 earnings: EPS exceeds analyst expectations

Udr, Inc. Provides Earnings Guidance for the Third Quarter of 2023

Udr, Inc. Provides Earnings Guidance for the Third Quarter of 2023

UDR Looks Nice For Income Investors

UDR, Inc. to Report Q2, 2023 Results on Jul 26, 2023

Upcoming dividend of US$0.42 per share at 3.9% yield

Now 21% undervalued

UDR, Inc. Declares Regular Quarterly Cash Dividend on its Common Stock for the Second Quarter of 2023, Payable on July 31, 2023

Now 21% undervalued after recent price drop

First quarter 2023 earnings: EPS and revenues miss analyst expectations

Upcoming dividend of US$0.42 per share at 4.3% yield

Full year 2022 earnings: EPS exceeds analyst expectations

UDR, Inc. Provides Earnings Guidance for the First Quarter and Full Year of Fiscal 2023

UDR declares $0.38 dividend

UDR: Buy High Quality At A Discount

UDR, Inc. to Report Q4, 2022 Results on Feb 06, 2023

Now 21% undervalued after recent price drop

Upcoming dividend of US$0.38 per share

UDR, Inc. Declares Quarterly Dividends, Payable on January 31, 2023

UDR declares $0.38 dividend

Advanced Real Estate Services Inc. acquire 90-unit Foxborough Apartments from UDR, Inc. (NYSE:UDR) for $41.49 million.

Chairman & CEO recently sold US$809k worth of stock

Consensus forecasts updated

Consensus forecasts updated

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

UDR, Inc. Revises Earnings Guidance for the Full Year 2022

UDR, Inc. to Report Q3, 2022 Results on Oct 26, 2022

Upcoming dividend of US$0.38 per share

UDR, Inc. Declares Common Dividend for the Third Quarter of 2022, Payable on October 31, 2022

Judge Allows Young Black Former Tenant's Discrimination Claims Against UDR to Advance

UDR: This Apartment REIT Is On The Up And Up

Consensus forecasts updated

UDR, Inc. Provides Earnings Guidance for the Third Quarter of 2022

Second quarter 2022 earnings: EPS misses analyst expectations

UDR, Inc. to Report Q2, 2022 Results on Jul 26, 2022

UDR Appoints Patsy Doerr to Senior Vice President – Chief ESG and People Officer

Upcoming dividend of US$0.38 per share

UDR: A Durable Multi-Family REIT With A Reliable Payout