Real Estate / REIT - Residential

UDR, Inc. (UDR)

$36.84
+0.66%
$13.7B
Market Cap
25.1
P/E Ratio
0.72
Beta
4.69%
Dividend Yield
Piotroski 8/9Altman Z 0.9 DistressBeneish M -3.11 CleanROIC−WACC -2.9%

Quantitative Summary

Deterministic

At 25.1x earnings — a 47% discount to the sector average of 47.4x — UDR is in the lower valuation range. Strong operational fundamentals (Piotroski 8/9) with Altman Z of 0.9. DCF fair value of $23 implies 34% downside based on model assumptions.

Generated deterministically from quant metrics and financial statements. Not a recommendation.

Algorithmic Teardown

AI-Generated

The fundamental economics of this real estate operator present a distinct capital efficiency challenge, evidenced by an ROIC-WACC spread of -2.8%, indicating that current returns on invested capital fail to cover the cost of financing. While the DuPont decomposition reveals strong operational leverage with net margins at 22.1% and equity multipliers near 2.6x, this profitability is driven almost entirely by low asset turnover rather than high yield generation or aggressive gearing. Qualitative signals offer a mixed picture: the Piotroski F-Score of 8/9 suggests robust financial strength and operational momentum, yet the Altman Z-Score of 1.0 flags elevated bankruptcy risk relative to peers, while the negative Beneish M-Score of -3.11 points toward minimal earnings manipulation risks despite modest revenue growth of just 2.4% year-over-year.

Valuation metrics suggest significant compression relative to historical norms and sector benchmarks, with a current P/E of 30.7x standing well below the broader real estate average of 87.1x. However, absolute valuation models indicate downside pressure; the DCF fair value estimate implies a -30.2% discount from current levels based on an assumed long-term free cash flow growth rate of only 5.5%. This pricing disconnect suggests the market may be anticipating stagnation in capital appreciation or occupancy rates that are not yet reflected in earnings multiples, creating a scenario where low valuations coexist with weak implied growth trajectories.

Risk-adjusted performance data further complicates the investment thesis, as the stock has generated an annual Fama-French Alpha of -31.69%, underperforming its factor benchmarks significantly over the measured period. Although the security exhibits a positive tilt toward value factors with an HML score of 0.388 and neutral exposure to profitability anomalies (RMW: 0.043), recent insider activity remains flat at $0 over the last ninety days, offering no clear directional signal from management regarding future capital allocation or confidence in near-term operational expansion.

Generated by LLM from quantitative data inputs. May contain inaccuracies. Not investment advice.

DCF Sandbox

Interactive
Market Price
$36.84
Fair Value
$23
Implied Upside
-38.4%
$23IMPLIED FAIR VALUEOVERVALUEDOVERUNDER
Growth Rate (Y1–5)4%
-10%20%50%
Discount Rate (WACC)7.8%
5%12.5%20%

5-year two-stage DCF. Terminal growth 3%. Default sliders match the pre-computed base case. Drag to explore scenarios. Not investment advice.

Reverse DCFMarket-Implied
5.9%annual FCF growth priced in at $36.84

The growth rate the market implicitly expects over the next 10 years to justify today's price. Compare with historical growth of 2% YoY revenue.

Sensitivity Matrix

TG ↓ / WACC →6%7.8%9.8%
2%$32$17$9
3%$46$23$11
4%$73$31$15

Center = base case. Green = >10% upside, Red = >10% downside vs $36.84.

Pre-computed DCF: WACC=7.8%, terminal growth 3%. Fair value $23 (-34.4%). Not investment advice.

Valuation Context

25.1x
UDR P/E
47.4x
Sector Avg
32.2x
5Y Avg P/E
-47%
vs Sector

Currently trading 3% below its 5-year average P/E of 32.2x.

Price Chart with Moving Averages

Loading chart...
SMA 50 SMA 200

Technical Setup

AI Generated

The 50-day moving average of UDR is slightly above its 200-day moving average, indicating a potential consolidation phase within an ongoing upward trend. With the Relative Strength Index (RSI) at 38.3, which is below the neutral midpoint of 50, this suggests that UDR may be currently experiencing downward price pressure but could be nearing oversold territory.

RSI (14)
SMA 50
SMA 200

Quant Health Deep Dive

8/9
Piotroski F-Score
Strong — high operational efficiency and profitability signals
0.9
Altman Z-Score
Distress Zone — below 1.8 threshold per academic model. Thresholds: >3 safe, 1.8–3 grey, <1.8 distress.
-3.11
Beneish M-Score
Below threshold — no statistical earnings quality concern per Beneish model. Threshold: <-2.22 = below threshold.

Profitability & Value Creation

27.1%
Gross Margin
22.1%
Net Margin
4.9%
ROIC
7.8%
WACC
ROIC − WACC Spread: -2.9%— Negative spread.
+2.4%
Revenue Growth (YoY)
+321.6%
Earnings Growth (YoY)
613.9M
Free Cash Flow
93%
FCF Payout Ratio

⚠️ Dividend consumes >80% of FCF — sustainability risk.

DuPont Analysis — ROE Decomposition

Breaking down Return on Equity to see how the company generates its ROE — efficiency, margins, or leverage.

22.1%
Net Profit Margin
NI ÷ Revenue
×
0.16x
Asset Turnover
Revenue ÷ Assets
×
2.56x
Equity Multiplier
Assets ÷ Equity
=
9.1%
Return on Equity
✅ ROE driven primarily by strong profit margins — a sign of pricing power.

Balance Sheet Health

1.56x
Debt / Equity
0.20x
Current Ratio
3.1x
Interest Coverage
4.2x
Net Debt / EBITDA
3.31%
FCF Yield
1.3B
EBITDA

Earnings Surprise History

Q4
✓ Beat
Est: $0.11
Act: $0.18
+67.3%
Q3
✗ Miss
Est: $0.13
Act: $0.07
-49.4%
Q2
✗ Miss
Est: $0.13
Act: $0.12
-6.3%
Q1
✓ Beat
Est: $0.16
Act: $0.67
+331.6%

EPS estimates vs actuals for the most recent reported quarters. Source: yfinance.

Dividend History

$0.4350
Latest Dividend
$1.71
2025 Total
+1.2%
YoY Growth
9 yrs
Consecutive Increases
Annual Dividends per Share
$0.59
2016
$1.23
2017
$1.28
2018
$1.35
2019
$1.42
2020
$1.45
2021
$1.50
2022
$1.64
2023
$1.70
2024
$1.71
2025
$0.86
2026
DateAmountChange
2026-04-15$0.4350+1.2%
2026-01-12$0.43000.0%
2025-10-09$0.43000.0%
2025-07-10$0.43000.0%
2025-04-10$0.4300+1.2%
2025-01-10$0.42500.0%
2024-10-10$0.42500.0%
2024-07-10$0.42500.0%
2024-04-09$0.4250+1.2%
2024-01-09$0.42000.0%
2023-10-06$0.42000.0%
2023-07-07$0.42000.0%
Stock Splits
1993-05-06: 2:11983-08-01: 1.5:1

Dividend and split data from SEC filings and market data. Amounts are per share, not adjusted for splits. Source: yfinance.

Risk Profile

22.6%
Annual Volatility
-0.77
Sharpe (1Y)
-23.5%
Max Drawdown (5Y)

Sharpe = risk-adjusted return (higher is better). Max drawdown = largest peak-to-trough decline. 1,200+ trading days.

Underwater (Drawdown from Peak)

How far below the all-time high the price has been over time. Deeper = more pain for holders.

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Rolling 60-Day Beta vs S&P 500 (VOO)

How the stock's sensitivity to market moves changes over time. β > 1 = more volatile than the market.

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Rolling Beta Market (β = 1.0)

Fama-French 5-Factor Exposure

Academic factor model decomposition — what's really driving this stock's returns.

0.75
Market β
Mkt-RF
-0.023
Size (SMB)
Neutral
+0.388
Value (HML)
Value tilt
+0.043
Profit (RMW)
Neutral
+0.812
Invest (CMA)
Conservative
Alpha (annual): -31.69%
R²: 43.1%of variance explained by 5 factors

Fama-French 5-Factor Model. Data: Kenneth French Data Library. Regression over 3 years of daily returns.

Fundamentals

61.5
Forward P/E
8.17
PEG Ratio
3.73
Price/Book
4M
Avg Volume
$42.22
52W High
$32.94
52W Low
42%
52W Range Position

Passive Flow Attribution

ETF Draft Effect
$1.9B
Tracked Passive Exposure
8
ETFs Holding UDR
0.05%
Avg Weight in ETFs
$3.9T
Total ETF AUM

When investors buy or sell ETFs like SPYD or XLRE, the fund manager is mechanically forced to buy or sell UDR shares regardless of UDR, Inc.'s individual fundamentals. We estimate $1.9B of passive capital is structurally linked to UDR through 8 tracked ETFs. Index rebalances and ETF creation/redemption cycles can create noticeable volume spikes unrelated to company news.

Passive exposure = Σ (ETF AUM × stock weight in ETF) across 8 tracked ETFs. Actual passive ownership is larger (includes mutual funds). Not investment advice.

ETF Contagion Visualizer

Simulate a price drop in UDR, Inc. to visualize passive redemption contagion across ETFs and collateral stocks.

UDR Shock
-0%
Est. Passive Redemption
$0
Systemic Risk
STABLE
UDREpicenterVOOETFIVVETFSPYETFVRTPXUnknownWELLLow RiskWELLLow RiskWELLLow RiskPLDMed Risk
UDR Price Drop (%)0

If UDR, Inc. (UDR) experiences a significant drawdown, ETF redemptions can create collateral selling pressure on co-held stocks. Our model identifies Vanguard Real Estate II Index Fund Institutional Plus Shares (VRTPX) as the most exposed collateral stock, sharing 1 ETFs with UDR. This is the "Passive Contagion" effect described in the Inelastic Market Hypothesis.

Contagion model based on shared ETF exposure and constituent weights across 27 tracked ETFs. Estimated selling pressure is a simplified model — actual impact depends on market liquidity, ETF redemption mechanics, and market-maker activity.

UDR Ownership Dynamics

Passive funds hold 1 in every 6 UDR shares, reducing daily market volatility.

Ticker
UDR
Total Shares
325M
ETF Lock-Up
16.7%
Display Mode
Total Float Impact
16.7%Locked Float

UDR, Inc. (UDR) exerts notable gravity on the passive index market, currently representing 1.2% of the SPYD (SPYD) and 1.2% of the State Street Real Estate Select Sector SPDR ETF (XLRE). Across 27 tracked ETFs, approximately 54M shares (16.7% of float) are held by passive funds and rarely trade on the open market. This level of passive ownership means index rebalances can create outsized volume events.

Float lock-up computed from 27 ETFs tracked by SecuritiesDB. Actual passive ownership is higher (includes mutual funds, pension funds, etc.).

UDR Institutional Volume Profile

252-day volume distribution by price level. The Point of Control (POC) marks the price where the most institutional volume transacted — an implicit support/resistance floor.

TICKER
UDR
PRICE
$36.84
FLOOR (POC)
$37.30
STRENGTH
High
$33$33$34$34$34$35$356%$367%$368%$368%$379%$36.84$37POC 13%$3811%$38$39$39$39$40$40$41
Focus Zone
Point of Control (POC) Support (below price) Resistance (above price) Current Price

The highest-volume price zone for UDR, Inc. over the past year sits near $37.30 (13% of 252-day volume). The current price of $36.84 sits 1.2% below the POC — suggesting potential mean-reversion upside if institutional demand reasserts at this level. The highly concentrated volume profile (13% at POC) indicates strong consensus on fair value — institutional participants have repeatedly transacted near this price.

Volume Profile computed from 252 trading days of OHLCV data. Volume allocated to price bins proportionally based on daily high-low range. Not investment advice.

UDR Capital Efficiency

How efficiently does UDR, Inc. convert operating profits into free cash? The FCF Conversion ratio measures the gap between accounting earnings and real cash generation.

Free Cash Flow
$614M
EBITDA
$1.3B
FCF Conversion
48%
Reinvestment Rate
52%
48% of EBITDA → Free Cash
0% (cash burn)25% (low)50% (efficient)100% (pure cash)
ROIC
4.9%
ROIC − WACC Spread
-2.9%

UDR, Inc. converts 48% of its EBITDA into free cash flow, a healthy conversion rate indicating efficient capital management — the business generates substantial cash after reinvestment. The 52% reinvestment rate signals aggressive capacity expansion. However, the ROIC-WACC spread is negative (-2.9%), suggesting reinvested capital is destroying shareholder value.

Capital efficiency = Free Cash Flow ÷ EBITDA. Reinvestment = (EBITDA − FCF) ÷ EBITDA. Metrics from latest annual filings. Not investment advice.

Fails-to-Deliver (FTD) History

SEC-reported settlement failures. Elevated FTDs can indicate high short-selling pressure, operational settlement issues, or naked shorting activity.

DateFailed SharesClose PriceNotional Value
2026-05-12382$37.15$14,191.3
2026-05-049$36.39$327.51
2026-05-015,493$36.34$199,615.62
2026-04-153$35.12$105.36
2026-04-09985$35.02$34,494.7
2026-04-07525$34.78$18,259.5
2026-04-02378$34.24$12,942.72
2026-03-301,815$33.58$60,947.7
2026-03-251,137$34.11$38,783.07
2026-03-185$35.81$179.05
2026-03-179,106$35.63$324,446.78
2026-03-1341,933$36.04$1.5M
2026-03-12438$36.06$15,794.28
2026-03-1195,446$36.78$3.5M
2026-03-0240,748$37.50$1.5M
2026-02-1956$38.25$2,142
2026-02-1239,204$39.77$1.6M
2026-02-1112,605$39.38$496,384.9
2026-02-102,227$37.75$84,069.25
2026-01-265,131$37.72$193,541.32
2026-01-231,471$37.55$55,236.05
2026-01-2157,637$37.16$2.1M
2026-01-028,175$36.68$299,859
2025-12-3077$36.66$2,822.82
2025-12-26918$36.43$33,442.74
2025-12-241,019$36.05$36,734.95
2025-12-227$35.65$249.55
2025-12-172,814$35.46$99,784.44
2025-12-162,814$35.79$100,713.06
2025-12-1056$34.90$1,954.4

Source: SEC Regulation SHO FTD data. Data is reported with a ~30 day delay. High FTD quantities relative to average daily volume may indicate settlement stress.

Price Correlations

Statistical correlation of daily returns with other stocks. High correlations indicate stocks that move together; negative correlations can offer diversification.

Peer252-Day (1Y)126-Day (6M)Direction
WTGXXNaNNaN
CPT0.8760.832High co-movement
ESS0.8560.841High co-movement
MAA0.8530.833High co-movement
EQR0.8510.795High co-movement
AVB0.8310.791High co-movement
VRTPX0.7610.650High co-movement
INVH0.7500.681High co-movement
AMH0.7340.726High co-movement
FRT0.6600.628Moderate

Pearson correlation of daily log returns. 252d ≈ 1 trading year. Computed from price history. Not investment advice.

Compare UDR to Peers

Quant metrics computed deterministically from financial statements and price data. Updated: 2026-06-02.

SecuritiesDB provides programmatic data aggregation for informational purposes only. None of the metrics, summaries, or algorithmic flags constitute a recommendation to buy or sell any security.