UDR, Inc., 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. markets. As of September 30, 2020, UDR owned or had an ownership position in 51,649 apartment homes including 1,031 homes under development. For over 48 years, UDR has delivered long-term value to shareholders, the best standard of service to residents and the highest quality experience for associates.

Company profile
Ticker
UDR
Exchange
Website
CEO
Thomas Toomey
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
UNITED DOMINION REALTY TRUST INC
SEC CIK
Corporate docs
Subsidiaries
1020 Tower GP LLC • 1020 Tower, LP • 1211 &. Olive REIT GP LLC • 1211 & Olive REIT LP • 1211 S. Olive Street Development, L.P. • 1211 &. Olive GP LLC • 1274 at Towson LLC • 13th And Market Properties LLC • 1745 LLC • 322 on North Broad LLC ...
IRS number
540857512
UDR stock data
News
Goldman Sachs Maintains Buy on UDR, Raises Price Target to $57
16 Aug 22
Expert Ratings for UDR
11 Aug 22
Morgan Stanley Maintains Equal-Weight on UDR, Raises Price Target to $54
11 Aug 22
UDR Q2 EPS $0.57 Up From $0.49 YoY, Sales $367.75M Beat $367.71M Estimate
26 Jul 22
Earnings Scheduled For July 26, 2022
26 Jul 22
Press releases
UDR Announces Second Quarter 2022 Results and Increases Certain Full-Year 2022 Guidance Ranges
26 Jul 22
UDR Announces Dates for Second Quarter 2022 Earnings Release and Conference Call
6 Jul 22
UDR Appoints Patsy Doerr to Senior Vice President – Chief ESG and People Officer
5 Jul 22
UDR Declares Quarterly Dividend
16 Jun 22
UDR Appoints Joe Fisher to President and CFO
23 May 22
Analyst ratings and price targets
Current price
Average target
$51.88
Low target
$48.00
High target
$58.00
Morgan Stanley
Maintains
$54.00
Jefferies
Upgraded
$52.00
Piper Sandler
Maintains
$48.00
Keybanc
Maintains
$55.00
Mizuho
Maintains
$48.00
Truist Securities
Maintains
$50.00
Credit Suisse
Initiated
$50.00
Scotiabank
Maintains
$58.00
Calendar
27 Jul 22
16 Aug 22
31 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 28.69M | 28.69M | 28.69M | 28.69M | 28.69M | 28.69M |
Cash burn (monthly) | (no burn) | 615.08K | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 966.32K | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 27.72M | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 45.1 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
21 Jul 22 | Hofmeister Tracy L | Stock Option Common Stock | Grant | Acquire A | No | No | 45.69 | 10,493 | 479.43K | 122,964 |
21 Jul 22 | Hofmeister Tracy L | Stock Option Common Stock | Grant | Acquire A | No | No | 45.69 | 10,638 | 486.05K | 112,471 |
21 Jul 22 | Hofmeister Tracy L | Stock Option Common Stock | Grant | Acquire A | No | No | 45.69 | 101,833 | 4.65M | 101,833 |
5 Jul 22 | Patricia Sciutto Doerr | Common Stock | Grant | Acquire A | No | No | 45.81 | 5,457 | 249.99K | 5,457 |
31 May 22 | McDonnough Clinton D | Common Stock | Grant | Acquire A | No | No | 47.8545 | 2,000 | 95.71K | 8,496 |
19 May 22 | Joseph D Fisher | Class 2 Performance LTIP Units [object Object] | Grant | Acquire A | No | No | 0 | 607,532 | 0 | 1,456,541 |
Institutional ownership, Q1 2022
97.2% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 488 |
Opened positions | 71 |
Closed positions | 42 |
Increased positions | 195 |
Reduced positions | 143 |
13F shares | Current |
---|---|
Total value | 21.1B |
Total shares | 315.74M |
Total puts | 82K |
Total calls | 321K |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
Vanguard | 50.63M | $2.9B |
CNS Cohen & Steers | 39.58M | $2.27B |
BLK Blackrock | 34.54M | $1.98B |
STT State Street | 20.57M | $1.18B |
Daiwa Asset Management | 12.63M | $500.22M |
IVZ Invesco | 12.05M | $691.57M |
FMR | 9.8M | $562.26M |
DSECF Daiwa Securities | 7.21M | $413.41M |
PGGM Investments | 7.07M | $423.94M |
Geode Capital Management | 6.52M | $373.17M |
Financial report summary
?Management Discussion
- Net income/(loss) attributable to common stockholders was $4.0 million ($0.01 per diluted share) for the three months ended June 30, 2022, as compared to $10.7 million ($0.04 per diluted share) for the comparable period in the prior year. The decrease resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
- Net income/(loss) attributable to common stockholders was $16.6 million ($0.05 per diluted share) for the six months ended June 30, 2022, as compared to $12.7 million ($0.04 per diluted share) for the comparable period in the prior year. The increase resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. junior Avg
|
New words:
circumstance, DCP, Menifee, Riverside, stayed, syndicate, vendor
Removed:
amendment, delayed, distancing, instituted, intensity, range, reinstating, site, staffing
Financial reports
Current reports
8-K
Results of Operations and Financial Condition
26 Jul 22
8-K
Regulation FD Disclosure
6 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
24 May 22
8-K
UDR Appoints Joe Fisher to President and CFO
23 May 22
8-K
Results of Operations and Financial Condition
26 Apr 22
8-K
Other Events
1 Apr 22
8-K
Regulation FD Disclosure
3 Mar 22
8-K
Other Events
9 Feb 22
8-K
Results of Operations and Financial Condition
8 Feb 22
8-K
Departure of Directors or Certain Officers
7 Dec 21
Registration and prospectus
S-3
Shelf registration
27 Apr 22
424B2
Prospectus for primary offering
31 Mar 22
424B5
Prospectus supplement for primary offering
29 Mar 22
424B2
Prospectus for primary offering
16 Sep 21
FWP
Free writing prospectus
15 Sep 21
424B5
Prospectus supplement for primary offering
15 Sep 21
424B5
Prospectus supplement for primary offering
29 Jul 21
S-8
Registration of securities for employees
30 Jun 21
424B5
Prospectus supplement for primary offering
22 Jun 21
FWP
Free writing prospectus
21 Jun 21
Proxies
DEFA14A
Additional proxy soliciting materials
31 Mar 22
DEFA14A
Additional proxy soliciting materials
8 Apr 21
DEFA14A
Additional proxy soliciting materials
27 Apr 20
DEFA14A
Additional proxy soliciting materials
2 Apr 20
DEFA14A
Additional proxy soliciting materials
27 Mar 19
DEF 14A
Definitive proxy
8 Apr 18
Other
EFFECT
Notice of effectiveness
11 May 22
CORRESP
Correspondence with SEC
5 May 22
UPLOAD
Letter from SEC
3 May 22
UPLOAD
Letter from SEC
15 Oct 18
CORRESP
Correspondence with SEC
26 Sep 18
UPLOAD
Letter from SEC
20 Sep 18
EFFECT
Notice of effectiveness
11 Aug 16
CORRESP
Correspondence with SEC
9 Aug 16
UPLOAD
Letter from SEC
8 Aug 16
UPLOAD
Letter from SEC
17 Jun 13
Ownership
4
UDR / Tracy L Hofmeister ownership change
25 Jul 22
4
UDR / Patricia Sciutto Doerr ownership change
7 Jul 22
3
UDR / Patricia Sciutto Doerr ownership change
7 Jul 22
4
UDR / Clinton D McDonnough ownership change
1 Jun 22
4
UDR / Joseph D Fisher ownership change
23 May 22
4
UDR / THOMAS W TOOMEY ownership change
19 May 22
5/A
UDR / THOMAS W TOOMEY ownership change
17 Mar 22
4
UDR / Michael D Lacy ownership change
22 Feb 22
4
UDR / Joseph D Fisher ownership change
17 Feb 22
4
UDR / HARRY G ALCOCK ownership change
17 Feb 22
Transcripts
2022 Q2
Earnings call transcript
28 Jul 22
2022 Q1
Earnings call transcript
27 Apr 22
2021 Q4
Earnings call transcript
10 Feb 22
2021 Q3
Earnings call transcript
28 Oct 21
2021 Q2
Earnings call transcript
29 Jul 21
2020 Q2
Earnings call transcript
29 Jul 20
2020 Q1
Earnings call transcript
10 May 20
2019 Q4
Earnings call transcript
12 Feb 20
2019 Q3
Earnings call transcript
30 Oct 19
2019 Q2
Earnings call transcript
31 Jul 19
Reddit threads
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26 Jul 22
Daily Discussion Thread - July 25th, 2022
25 Jul 22
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