UDR, Inc.UDR
NYSE•Real Estate•REIT - Residential
UDR, Inc. is a 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, 2025, UDR owned or had an ownership position in 60,941 apartment homes, including 300 apartment homes under development. For over 53 years, UDR has delivered long-term value to shareholders, the best standard of service to residents and the highest quality experience for associates. UDR, Inc. was incorporated in 1972 and is based in Highlands Ranch, United States.
UDR, Inc. (UDR) reported trailing twelve months revenue of $1.72B as of March 2026, a 2.1% increase year-over-year. Quarterly revenue reached $425.85M, reflecting continued top-line momentum.
UDR, Inc. generated $524.55M in TTM net income, with quarterly EBITDA of $394.41M. The operating margin expanded from 29.0% to 54.0%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (54.0%) and net margin (47.6%) indicates moderate non-operating costs. Net margin has improved from 19.5% a year ago, signaling stronger bottom-line efficiency.
UDR trades at a P/E of 23.5x (in line with broad market averages) and a P/S of 7.2x. The price-to-book ratio of 3.8x reflects a moderate premium to book value.
The company generated $85.28M in free cash flow over the trailing twelve months, a 17.4% decrease year-over-year, indicating cash generation ability. The balance sheet shows $10.33B in total assets with $5.66B in long-term debt against $3.29B in stockholders equity for a debt-to-equity ratio of 1.7. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~29.0%, suggesting durable pricing power and cost discipline.
ROE is positive at ~6.5% on average, adequate but below the threshold typically associated with wide moats.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
Revenue shows resilience with 7 of 7 quarters posting growth — demand is generally stable but has seen some soft patches.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~38.5% — no sign of cost or pricing stress.
FCF covers net income by -1.2x on average — earnings are well-supported by cash generation.
D/E ratio is 1.7 — conservative capital structure with low financial risk.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Share count is stable — no significant dilution or buyback activity.