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

Fundamentals

Average dividend payer with questionable track record.


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


Market Performance


7 Day Return

1.0%

NYSE:UDR

0.4%

US REITs

-0.02%

US Market


1 Year Return

20.5%

NYSE:UDR

13.0%

US REITs

1.6%

US Market

UDR outperformed the REITs industry which returned 12.8% over the past year.

UDR outperformed the Market in United States of America which returned 1.9% over the past year.


Share holder returns

UDRIndustryMarket
7 Day1.0%0.4%-0.02%
30 Day1.2%1.4%2.7%
90 Day3.8%1.9%1.4%
1 Year24.4%20.5%18.1%13.0%3.8%1.6%
3 Year48.7%34.7%28.6%11.9%45.2%35.8%
5 Year108.8%77.2%72.0%35.7%61.8%44.1%

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 based on future cash flows and its price relative to the stock market?

84.44x

Price to Earnings (PE) ratio


Intrinsic Value Based on Future Cash Flows

UDR's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).

UDR's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).


Price Based on Earnings

UDR is overvalued based on earnings compared to the US REITs industry average.

UDR is overvalued based on earnings compared to the United States of America market.


Price Based on Expected Growth

UDR is poor value based on expected growth next year.


Price Based on Value of Assets

UDR is overvalued based on assets compared to the US REITs industry average.


Next Steps

Future Growth

How is UDR expected to perform in the next 1 to 3 years based on estimates from 15 analysts?

5.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

UDR's revenue is expected to grow by 3.9% yearly, however this is not considered high growth (20% yearly).

UDR's earnings are expected to grow by 5% yearly, however this is not considered high growth (20% yearly).

UDR's revenue growth is positive but not above the United States of America market average.

UDR's earnings growth is positive but not above the United States of America market average.

UDR's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

UDR is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).


Next Steps

Past Performance

How has UDR performed over the past 5 years?

1.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

UDR's year on year earnings growth rate has been positive over the past 5 years.

UDR's 1-year earnings growth is negative, it can't be compared to the 5-year average.

UDR's 1-year earnings growth is negative, it can't be compared to the US REITs industry average.


Return on Equity

UDR has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

UDR used its assets less efficiently than the US REITs industry average last year based on Return on Assets.


Return on Capital Employed

UDR has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).


Next Steps

Financial Health

How is UDR's financial position?


Financial Position Analysis

UDR's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

UDR's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

UDR's level of debt (97.5%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has been reduced over the past 5 years (127.1% vs 97.5% today).

Debt is not well covered by operating cash flow (15.3%, less than 20% of total debt).

Interest payments on debt are not well covered by earnings (EBIT is 1.8x annual interest expense, ideally 3x coverage).


Balance Sheet

High level of physical assets or inventory.

Debt is not covered by short term assets, assets are 0x debt.


Next Steps

Dividend

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

2.97%

Expected Dividend Yield


Dividend Yield and Payments Analysis

UDR's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.44%).

UDR's dividend is below the markets top 25% of dividend payers in United States of America (3.69%).

Dividends per share have been volatile in the past 10 years (annual drop of over 20%).

Dividends per share have increased over the past 10 years.


Current Payout to Shareholders

Dividends paid are covered by earnings (1.7x coverage).


Future Payout to Shareholders

Dividends after 3 years are expected to be thoroughly covered by earnings (471.7x coverage).


Next Steps

Management

What is the CEO of UDR's salary, the management and board of directors tenure and is there insider trading?

3.2yrs

Average management tenure


CEO

Tom Toomey (58yo)

18.6yrs

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

Tom's remuneration is lower than average for companies of similar size in United States of America.

Tom's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

3.2yrs

Average Tenure

56yo

Average Age

The tenure for the UDR management team is about average.


Board Age and Tenure

5.6yrs

Average Tenure

68.5yo

Average Age

The tenure for the UDR board of directors is about average.


Insider Trading

UDR individual insiders have only sold shares in the past 3 months.


Recent Insider Transactions

SellUS$149,50123 Aug 19
Joseph Fisher
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares3,100
Max PriceUS$48.23
SellUS$452,10002 Jul 19
Jerry Davis
EntityIndividual
Role
President
President & COO
Shares10,000
Max PriceUS$45.21
SellUS$233,06418 Jun 19
Warren Troupe
EntityIndividual
Role
Chief Compliance Officer
Senior EVP
Shares5,000
Max PriceUS$46.61
SellUS$150,81910 Jun 19
Joseph Fisher
EntityIndividual
Role
Chief Financial Officer
Senior VP & CFO
Shares3,250
Max PriceUS$46.41
BuyUS$1,00408 Jun 19
James Klingbeil
EntityIndividual
Role
Lead Director
Lead Independent Director
Shares22
Max PriceUS$45.63
SellUS$66,14210 May 19
Tracy Hofmeister
EntityIndividual
Role
Chief Accounting Officer
VP & Chief Accounting Officer
Shares1,500
Max PriceUS$44.09
SellUS$885,08108 May 19
Harry Alcock
EntityIndividual
Role
Chief Investment Officer
Chief Investment Officer & Senior VP
Shares20,000
Max PriceUS$44.27
SellUS$453,74604 Apr 19
Harry Alcock
EntityIndividual
Role
Chief Investment Officer
Chief Investment Officer & Senior VP
Shares10,000
Max PriceUS$45.37
SellUS$453,90002 Apr 19
Jerry Davis
EntityIndividual
Role
President
President & COO
Shares10,000
Max PriceUS$45.39
SellUS$2,252,93520 Mar 19
Thomas Toomey
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares50,000
Max PriceUS$45.06
SellUS$192,85525 Feb 19
Lynne Sagalyn
EntityIndividual
Role
Vice Chairman
Vice Chair of the Board
Shares4,289
Max PriceUS$44.97
SellUS$2,232,80019 Feb 19
Warren Troupe
EntityIndividual
Role
Chief Compliance Officer
Senior EVP
Shares50,000
Max PriceUS$44.66
SellUS$392,40004 Jan 19
Jerry Davis
EntityIndividual
Role
President
President & COO
Shares10,000
Max PriceUS$39.24
SellUS$212,90012 Dec 18
Lynne Sagalyn
EntityIndividual
Role
Vice Chairman
Vice Chair of the Board
Shares5,000
Max PriceUS$42.58
SellUS$412,15527 Nov 18
Harry Alcock
EntityIndividual
Role
Chief Investment Officer
Chief Investment Officer & Senior VP
Shares10,000
Max PriceUS$41.22
SellUS$1,648,07217 Nov 18
Thomas Toomey
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares40,000
Max PriceUS$41.20
SellUS$412,87013 Nov 18
Warren Troupe
EntityIndividual
Role
Chief Compliance Officer
Senior EVP
Shares10,000
Max PriceUS$41.29
SellUS$404,40002 Oct 18
Jerry Davis
EntityIndividual
Role
President
President & COO
Shares10,000
Max PriceUS$40.44

Ownership Breakdown


Management Team

  • Harry Alcock (56yo)

    Chief Investment Officer & Senior VP

    • Tenure: 2.6yrs
    • Compensation: US$2.77m
  • Tom Toomey (58yo)

    Chairman & CEO

    • Tenure: 18.6yrs
    • Compensation: US$6.28m
  • Warren Troupe (65yo)

    Senior EVP

    • Tenure: 11.3yrs
    • Compensation: US$1.60m
  • Randall Wesson (56yo)

    Senior VP & Chief Information Officer

    • Tenure: 0yrs
  • Jerry Davis (56yo)

    President & COO

    • Tenure: 0.7yrs
    • Compensation: US$2.84m
  • Chris Ens

    Vice President – Operations

    • Tenure: 3.7yrs
  • Joe Fisher (39yo)

    Senior VP & CFO

    • Tenure: 2.7yrs
    • Compensation: US$1.87m
  • Tracy Hofmeister (48yo)

    VP & Chief Accounting Officer

    • Tenure: 1.6yrs
  • Dave Thatcher (52yo)

    Senior VP & General Counsel

    • Tenure: 4.7yrs
  • Mari Akers

    Senior Vice President of Human Resources

    • Tenure: 0yrs

Board Members

  • Katie Cattanach (73yo)

    Independent Director

    • Tenure: 13.3yrs
    • Compensation: US$200.33k
  • Jim Klingbeil (83yo)

    Lead Independent Director

    • Tenure: 1.7yrs
    • Compensation: US$317.98k
  • Lynne Sagalyn (71yo)

    Vice Chair of the Board

    • Tenure: 9.5yrs
    • Compensation: US$195.33k
  • Robert Freeman (74yo)

    Independent Director

    • Tenure: 20.8yrs
    • Compensation: US$195.33k
  • Jon Grove (74yo)

    Independent Director

    • Tenure: 21.7yrs
    • Compensation: US$208.95k
  • Bob McNamara (66yo)

    Independent Director

    • Tenure: 5.6yrs
    • Compensation: US$202.65k
  • Tom Toomey (58yo)

    Chairman & CEO

    • Tenure: 18.6yrs
    • Compensation: US$6.28m
  • Mark Patterson (59yo)

    Independent Director

    • Tenure: 5.7yrs
    • Compensation: US$202.65k
  • Clint McDonnough (63yo)

    Independent Director

    • Tenure: 3.6yrs
    • Compensation: US$220.83k
  • Mary King (66yo)

    Independent Director

    • Tenure: 4.2yrs
    • Compensation: US$195.33k

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$15.202b
  • Market Cap: US$14.147b
  • Shares outstanding: 313.38m
  • 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 PRGCLNYSE (New York Stock Exchange)PFD SER GUSUSDJun 2007

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 managi ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/18 23:56
End of Day Share Price2019/09/18 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


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.