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

2.9%

UDR

-0.3%

US REITs

1.8%

US Market


1 Year Return

25.4%

UDR

19.5%

US REITs

7.3%

US Market

Return vs Industry: UDR exceeded the US REITs industry which returned 19.5% over the past year.

Return vs Market: UDR exceeded the US Market which returned 7.3% over the past year.


Shareholder returns

UDRIndustryMarket
7 Day2.9%-0.3%1.8%
30 Day2.3%0.9%-0.7%
90 Day8.8%7.0%0.06%
1 Year29.3%25.4%24.9%19.5%9.7%7.3%
3 Year61.5%46.6%34.5%17.4%46.3%36.9%
5 Year98.0%68.5%63.3%28.9%64.5%46.5%

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?

86.36x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: UDR ($49.41) is trading above our estimate of fair value ($40.47)

Significantly Undervalued: 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 (86.4x) compared to the REITs industry average (36.2x).

PE vs Market: UDR is poor value based on its PE Ratio (86.4x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

Low PEG Ratio: UDR is poor value based on its PEG Ratio (17.1x)


Price to Book Ratio

PB vs Industry: UDR is overvalued based on its PB Ratio (4.8x) compared to the US REITs industry average (2x).


Next Steps

Future Growth

How is UDR forecast 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 Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: UDR's forecast earnings growth (5% per year) is above the savings rate (2.7%).

Earnings vs Market: UDR's earnings (5% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: UDR's earnings are forecast to grow, but not significantly.

Revenue vs Market: UDR's revenue (3.9% per year) is forecast to grow slower than the US market (7.3% 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

High Future ROE: UDR's Return on Equity is forecast to be low in 3 years time (3.5%).


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

Earnings Trend: UDR's earnings have grown by 1.5% 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 (-14.7%) over the past year, making it difficult to compare to the REITs industry average (17.6%).


Return on Equity

High ROE: UDR's Return on Equity (4.4%) is considered low.


Return on Assets

ROA vs Industry: UDR's Return on Assets is below or equal to the REITs industry average last year.


Return on Capital Employed

ROCE Improving: UDR has significantly improved its Return on Capital Employed over the past 3 years.


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?

2.77%

Current Dividend Yield


Dividend Yield vs Market

company2.8%marketbottom25%1.5%markettop25%3.7%industryaverage3.6%forecastin3Years2.9%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: UDR's dividend (2.77%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: UDR's dividend (2.77%) is low compared to the top 25% of dividend payers in the US market (3.72%).

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 (59.6%), 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

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

3.3yrs

Average management tenure


CEO

Tom Toomey (58yo)

18.7yrs

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 ($USD6.28M) is about average for companies of similar size in the US market ($USD11.21M).

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


Management Age and Tenure

3.3yrs

Average Tenure

56yo

Average Age

Experienced Management: UDR's management team is considered experienced (3.3 years average tenure).


Board Age and Tenure

5.7yrs

Average Tenure

68.5yo

Average Age

Experienced Board: UDR's board of directors are considered experienced (5.7 years average tenure).


Insider Trading

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


Recent Insider Transactions

SellUS$1,944,55610 Oct 19
Thomas Toomey
EntityIndividual
Role
Chief Executive Officer
Chairman & CEO
Shares40,000
Max PriceUS$48.61
SellUS$971,61210 Oct 19
Warren Troupe
EntityIndividual
Role
Chief Compliance Officer
Senior EVP
Shares20,000
Max PriceUS$48.58
SellUS$485,43110 Oct 19
Harry Alcock
EntityIndividual
Role
Chief Investment Officer
Chief Investment Officer & Senior VP
Shares10,000
Max PriceUS$48.54
SellUS$483,80001 Oct 19
Jerry Davis
EntityIndividual
Role
President
President & COO
Shares10,000
Max PriceUS$48.38
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
Independent 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
Independent 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

Ownership Breakdown


Management Team

  • Harry Alcock (56yo)

    Chief Investment Officer & Senior VP

    • Tenure: 2.7yrs
    • Compensation: US$2.77m
  • Tom Toomey (58yo)

    Chairman & CEO

    • Tenure: 18.7yrs
    • Compensation: US$6.28m
  • Warren Troupe (65yo)

    Senior EVP

    • Tenure: 11.4yrs
    • Compensation: US$1.60m
  • Randall Wesson (56yo)

    Senior VP & Chief Information Officer

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

    President & COO

    • Tenure: 0.8yrs
    • Compensation: US$2.84m
  • Chris Ens

    Vice President – Operations

    • Tenure: 3.8yrs
  • Joe Fisher (39yo)

    Senior VP & CFO

    • Tenure: 2.8yrs
    • Compensation: US$1.87m
  • Tracy Hofmeister (48yo)

    VP & Chief Accounting Officer

    • Tenure: 1.7yrs
  • Dave Thatcher (52yo)

    Senior VP & General Counsel

    • Tenure: 4.8yrs
  • Mari Akers

    Senior Vice President of Human Resources

    • Tenure: 0yrs

Board Members

  • Katie Cattanach (73yo)

    Independent Director

    • Tenure: 13.4yrs
    • Compensation: US$200.33k
  • Jim Klingbeil (83yo)

    Lead Independent Director

    • Tenure: 1.8yrs
    • Compensation: US$317.98k
  • Lynne Sagalyn (71yo)

    Independent Vice Chair of the Board

    • Tenure: 9.6yrs
    • Compensation: US$195.33k
  • Robert Freeman (74yo)

    Independent Director

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

    Independent Director

    • Tenure: 21.8yrs
    • Compensation: US$208.95k
  • Bob McNamara (66yo)

    Independent Director

    • Tenure: 5.7yrs
    • Compensation: US$202.65k
  • Tom Toomey (58yo)

    Chairman & CEO

    • Tenure: 18.7yrs
    • Compensation: US$6.28m
  • Mark Patterson (59yo)

    Independent Director

    • Tenure: 5.8yrs
    • Compensation: US$202.65k
  • Clint McDonnough (63yo)

    Independent Director

    • Tenure: 3.7yrs
    • Compensation: US$220.83k
  • Mary King (66yo)

    Independent Director

    • Tenure: 4.3yrs
    • 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$15.462b
  • Market Cap: US$14.469b
  • 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 *BMV (Bolsa Mexicana de Valores)YesCommon StockMXMXNFeb 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 Analysis2019/10/18 00:03
End of Day Share Price2019/10/17 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.