10x Insights
Loading account…
Companies / Real Estate / UDR, Inc.
UDR

UDR, Inc.

Real EstateREITsS&P 500
Ticker UDRHIGHLANDS RANCH, COFiscal year ends DecemberBook value per share $9.03Diluted shares 325.4M

UDR, Inc. (NYSE: UDR) operates as a self-administered real estate investment trust focused on owning, operating, acquiring, renovating, developing, and managing multifamily apartment communities across the United States. The company maintains its corporate offices and can be found at www.udr.com. From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$1.71B
+2.4% year over year
Last 12 mo $1.72B
32.33%
+15.3 percentage points
Last 12 mo 40.77%
$403.71M
+321.1% year over year
Last 12 mo $557.97M
11.49%
+8.9 percentage points
Last 12 mo 17.77%
Cash & financing
$902.89M
+3.0% year over year
Last 12 mo $887.26M
$613.95M
+1.5% year over year
Last 12 mo $629.42M
1.79
Was 1.71× a year earlier
Last 12 mo 1.98
331.1M
+0.3% year over year
Last 12 mo 325.4M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What UDR, Inc. does

In the company’s own words

UDR, Inc. (NYSE: UDR) operates as a self-administered real estate investment trust focused on owning, operating, acquiring, renovating, developing, and managing multifamily apartment communities across the United States. The company maintains its corporate offices and can be found at www.udr.com.

As of December 31, 2025, UDR's consolidated real estate portfolio comprises 165 communities containing 55,240 completed apartment homes located across 21 markets throughout the country. The company additionally holds ownership interests in 12,167 completed or to-be-completed apartment homes through unconsolidated joint ventures and partnerships, including 6,766 homes owned through preferred equity investments. UDR operates through two reportable segments: Same-Store Communities, representing stabilized properties acquired or developed prior to January 1, 2024, and Non-Mature Communities/Other, encompassing recently acquired, developed, or redeveloped properties. Same-Store Communities provided 95.0% of total net operating income for the year ended December 31, 2025.

The company employs approximately 1,420 full-time associates and six part-time associates, with 1,034 focused on community-level operations and the remainder supporting corporate functions. UDR's portfolio demonstrates geographic diversification with approximately 74.5% of net operating income concentrated in eight major metropolitan areas including Metropolitan D.C., Boston, Orange County, San Francisco Bay Area, Dallas, New York, Seattle, and Tampa. The portfolio composition reflects a mix of approximately 32% urban and 68% suburban communities, with 44% classified as A-quality properties and 56% as B-quality properties.

UDR has maintained its REIT status since 1972, requiring the company to distribute at least 90% of taxable income to stockholders annually. The company utilizes a taxable REIT subsidiary to conduct activities prohibited for REITs, including third-party management services. UDR's capital structure incorporates both secured and unsecured debt markets, with a maturity schedule designed to enable opportunistic financing. The company's strategic vision centers on maintaining a diversified portfolio, preserving balance sheet strength, driving operational excellence through technology investments, and fostering a strong corporate culture focused on resident satisfaction.

Company details
Sector
Real Estate
Industry (SIC)
REITs
Headquarters
HIGHLANDS RANCH, CO
Fiscal year end
December
CIK
74208
SIC
6798

Financial performance, year by year

Fiscal 2013–2025 · USD
$-171.62M$343.24M$858.11M$1.37B$1.89B2013201420152016201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns UDR, Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

505
funds hold it
0 of 35
superinvestors hold it
$6.11B
held by funds, at market
49.8%
of shares held by funds
11
bond issues held by funds

Largest fund holders · UDR, Inc.’s weight in each

—of fund net assets
VANGUARD REAL ESTATE INDEX FUND
VNQ · VANGUARD SPECIALIZED FUNDS
—of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD 500 INDEX FUND
VOO · VANGUARD INDEX FUNDS
0.02%of fund net assets
VANGUARD SMALL-CAP INDEX FUND
VB · VANGUARD INDEX FUNDS
0.16%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

UDR, Inc.’s bonds, as funds hold them

Funds report holding 11 issues of UDR, Inc.’s debt, $576.10M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 3.28%, maturing 2026 to 2034.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

Compare this company with peers, find it in your funds and follow its financial history with your connected AI:

  • “How do UDR, Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of UDR, Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
  • “What changed in UDR, Inc.'s last four quarterly filings that the numbers alone won't show?”
See how it works →All research tools with a subscription. Use your own AI account.