UDR (UDR)

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

NYSE

Website

www.udr.com

CEO

Thomas Toomey

Incorporated

Maryland

Location

Colorado

Fiscal year end

Dec 31

Sector

Finance and Insurance > Other Financial Vehicles

Industry (SIC)

Real Estate Investment Trusts

Annaly Capital Management • AGNC Investment • Simon Property • VEREIT • Prologis • Vornado Realty Trust • Vornado Realty • Welltower • Healthpeak Properties • Erp Operating LTD Partnership ...

Former names

UNITED DOMINION REALTY TRUST INC

SEC CIK

0000074208

Corporate docs

Articles of Incorporation & Bylaws

Underwriting Agreements

Plans of Reorganization

Indentures

Material Contracts & Credit Agreements

Subsidiaries Lists

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

1M 1Y 5Y

News

From Benzinga Pro

Goldman Sachs Maintains Buy on UDR, Raises Price Target to $57

16 Aug 22

Goldman Sachs analyst Chandni Luthra maintains UDR (NYSE:UDR) with a Buy and raises the price target from $51 to $57.

Expert Ratings for UDR

11 Aug 22

UDR (NYSE:UDR) has observed the following analyst ratings within the last quarter:

Morgan Stanley Maintains Equal-Weight on UDR, Raises Price Target to $54

11 Aug 22

Morgan Stanley analyst Richard Hill maintains UDR (NYSE:UDR) with a Equal-Weight and raises the price target from $47 to $54.

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

From Benzinga Pro

UDR Announces Second Quarter 2022 Results and Increases Certain Full-Year 2022 Guidance Ranges

26 Jul 22

UDR, Inc. (the "Company") (NYSE: UDR) announced today its second quarter 2022 results. Net Income, Funds from Operations ("FFO"), FFO as Adjusted ("FFOA"), and Adjusted FFO ("AFFO") per diluted share for the quarter ended June 30, 2022 are detailed below.

UDR Announces Dates for Second Quarter 2022 Earnings Release and Conference Call

6 Jul 22

UDR, Inc. (the "Company") (NYSE:UDR), a leading multifamily real estate investment trust that was named the GRESB Global Sector Leader as the #1 ESG performer across all listed Residential companies, announced today

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

5 Jul 22

UDR, Inc. (the "Company") (NYSE:UDR), a leading multifamily real estate investment trust, announced today that Patsy Doerr has been appointed to the newly created role of Senior Vice President – Chief ESG and People

UDR Declares Quarterly Dividend

16 Jun 22

UDR Appoints Joe Fisher to President and CFO

23 May 22

Analyst ratings and price targets

Last 3 months

Average target

$51.88

Low target

$48.00

High target

$58.00

Calendar

27 Jul 22

16 Aug 22

31 Dec 22

Financial summary

Financial statements Chart UDR financial data

Quarter (USD)	Jun 22	Mar 22	Dec 21	Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Annual (USD)	Dec 21	Dec 20	Dec 19	Dec 18
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

Beta Read what these cash burn values mean

Financial data from UDR earnings reports.

Recent insider trades

UDR insider ownership history Insider history

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

Data from 3, 4 and 5 filings. Values as filed, not updated for current price.

Institutional ownership, Q1 2022

UDR institutional ownership history Ownership history

97.2% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	488	459	+6.3%
Opened positions	71	71	–
Closed positions	42	55	-23.6%
Increased positions	195	159	+22.6%
Reduced positions	143	148	-3.4%

13F shares	Current	Prev Q	Change
Total value	21.1B	22.62B	-6.7%
Total shares	315.74M	331.66M	-4.8%
Total puts	82K	160.1K	-48.8%
Total calls	321K	258.9K	+24.0%
Total put/call ratio	0.3	0.6	-58.7%

Largest owners	Shares	Value	Change
Vanguard	50.63M	$2.9B	+4.9%
CNS Cohen & Steers	39.58M	$2.27B	-7.6%
BLK Blackrock	34.54M	$1.98B	-0.7%
STT State Street	20.57M	$1.18B	+11.3%
Daiwa Asset Management	12.63M	$500.22M	0.0%
IVZ Invesco	12.05M	$691.57M	-0.2%
FMR	9.8M	$562.26M	-1.0%
DSECF Daiwa Securities	7.21M	$413.41M	-8.5%
PGGM Investments	7.07M	$423.94M	0.0%
Geode Capital Management	6.52M	$373.17M	+7.9%

Largest transactions	Shares	Bought/sold	Change
Norges Bank	0	-18.13M	EXIT
CNS Cohen & Steers	39.58M	-3.27M	-7.6%
Vanguard	50.63M	+2.35M	+4.9%
STT State Street	20.57M	+2.08M	+11.3%
APG Asset Management US	1.09M	-1.7M	-61.0%
Ranger Global Real Estate Advisors	1.49M	+1.49M	NEW
Marshall Wace	1.06M	+1.06M	NEW
MCQEF Macquarie	1.18M	+1.03M	+670.5%
Citadel Advisors	40.21K	-880.85K	-95.6%
Capital World Investors	5.67M	-702.66K	-11.0%

Data from 13F filings, for the last complete 13F reporting period. For most recent data, click the ownership history button. Values as filed, not updated for current price. Long positions only.

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: