| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 38 | 22.2x | 17.8x | Bottom tier | |
Growth | 47 | 1.5% | 7.1% | Around median | |
Quality | 72 | 7.5% | 4.5% | Top tier | |
Safety | 44 | 3.9x | 2.6x | Around median | |
Capital Return | 42 | 4.90% | 2.12% | Around median | |
Momentum | 42 | -2.7% | 2.9% | Around median | |
Sentiment | 77 | 7 | 3 | Top tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
UDR, Inc. is a residential real estate investment trust that owns and operates apartment communities in coastal and Sunbelt markets within the United States. Income generation depends on rents, lease rate growth, occupancy, innovation income, and services and utilities provided to residents; coastal markets accounted for 75% of net operating income, compared with 25% for Sunbelt markets in Q2 FY2026. The company uses the Orion Analytics platform and operating data to price units, improve resident retention, and select assets as candidates for sale or investment.
In the latest available EDGAR filings, UDR generated Q1 FY2026 revenue of $425.8 million, net income of $189.8 million, and earnings per share of $0.57; the data did not include a gross profit figure or margin. On a trailing 12-month basis in FY2026, revenue reached $3.0 billion, net income was $490.8 million, and earnings per share were approximately $1.49, compared with revenue of $1.7 billion, net income of $377.7 million, and earnings per share of $1.13 in FY2025.
The Q2 FY2026 call showed operational improvement; same-store revenue grew 1.8%, blended lease rate growth reached 2.1%, occupancy remained in the mid-96% range, while same-store expenses increased 2.6%. Adjusted funds from operations per share were $0.64, at the high end of the company's guidance and above consensus, primarily supported by higher net operating income; resident retention also reached a seasonal record of 60%.
The analyst consensus is “Buy,” with an average target of $42.13 and a wide range of $38 to $46; the average is slightly above the top of the 52-week range of $42, while the highest target exceeds that peak by four dollars. No valid price-to-earnings ratio is available in the data, so the stock's valuation in this context depends on analyst targets and the 52-week range, balancing the increase in FY2026 guidance against Sunbelt weakness and the phased dilution resulting from the reduction of the debt and preferred equity portfolio.
Figures in the text are as of 2026-08-29; the live price is shown at the top of the page.
Blended lease rate growth in the first half of FY2026 exceeded management's expectations, reaching 1.9% compared with an expected midpoint of 1.75%. The company raised its same-store revenue growth range to 0.75%–2% and improved the midpoint of its expense growth guidance to 3.25%. As a result, it increased the midpoint of its net operating income growth guidance by 50 basis points and raised its adjusted funds from operations per share guidance to $2.53.
San Francisco was the strongest market in UDR's portfolio in terms of revenue growth, with blended lease rate growth of approximately 13% and occupancy in the high-97% range. Management stated that limited supply, the return to offices, and improved shopping and restaurant activity supported demand, while revenue growth in the market reached 8%. The Oakland asset that transitioned to UDR management generated revenue growth of 14% and lease rate growth of nearly 20%, compared with 13% in the rest of the metropolitan area.
Coastal markets represent 75% of net operating income and delivered blended lease rate growth of 3.8% in Q2 FY2026. In contrast, Sunbelt markets represent 25% and recorded blended growth of negative 2% due to supply pressure. In July 2026, the Sunbelt rate improved to approximately negative 1.5%, while new lease rate growth improved from approximately negative 7% to negative 7.5% in Q2 to negative 5.5% to negative 6%.
Automated analysis for informational purposes only — not investment advice.
Management said on July 28, 2026, that competition in this activity had increased and its returns were limited, while it sees higher growth opportunities in assets it can operate through the UDR and Orion Analytics platform. The balance declined from a peak of approximately $725 million in Q1 FY2025 to $380 million at the end of Q2 FY2026, with a target of $250–300 million by the end of FY2026. Management expects initial dilution of approximately $0.01 per share for every $100 million redeployed outside the activity, but believes growth from alternative investments could limit this impact over time.
UDR repurchased approximately 5.5 million shares for $200 million in Q2 FY2026 at an average of $36.49 per share, bringing the total since September 2025 to approximately $420 million. At the same time, it expects asset sales to reach approximately $650 million during FY2026 at an average buyer capitalization rate in the mid-5% range. It also began developing 385 apartments in Northern Virginia and expects a stabilized yield in the mid-6% range for both this project and the 3099 Iowa project in Riverside.
Resident retention reached 60% in Q2 FY2026, a seasonal record and 140 basis points above the prior year. The company expects turnover of 37%–38%, while expected collections for the second half reached 99%–99.1%. The average security deposit collected increased 20% to approximately $760 from $640, and the average credit screening score increased to approximately 730 from 710, supporting lower bad debt and stable occupancy.
