UDR, Inc. (UDR)

UDR's stock has experienced underperformance within the multifamily REIT sector, with a year-to-date total return of -11.3% as of September 2025, attributed to a soft leasing season and high treasury rates. The company's first-quarter 2025 results met expectations, with an increase in April leasing spreads and an acceleration in blended lease growth, reaching 3% in May 2025. UDR maintained an occupancy rate above 97% in Q1 2025. Other notable events include the declaration of quarterly dividends and the announcement in September 2025 of Joe Fisher stepping down as President and Chief Investment Officer.

Demand for UDR's multifamily apartment products and services exhibits seasonality, with the first quarter typically being a slower leasing period. The peak leasing season generally occurs in the spring, and analysts anticipate a seasonal deceleration in rental growth as this peak period concludes. UDR's management expects slower growth in the first half of the year, followed by a boost in the second half, leading to an overall blended rate growth of approximately 2.5% for 2025.

UDR, Inc. is a multifamily real estate investment trust involved in the acquisition, development, renovation, and management of apartment communities across the United States. The company operates within the Real Estate sector, focusing on the multifamily apartment segment, and provides comprehensive property management services. UDR employs a vertically integrated business model covering property acquisition, development, construction, and property management.

UDR's portfolio consists of approximately 59,000 apartment homes located in targeted markets across the United States, including Boston, New York, Washington D.C., Tampa, Orlando, Dallas, Austin, Nashville, Denver, Seattle, and various California locations. As of Q1 2024, the company's revenue distribution by region was: West Coast (32.5%), Mid-Atlantic (22.7%), Northeast (17.3%), Southeast (14.8%), and Southwest (12.7%). UDR is headquartered in Highlands Ranch, Colorado.

UDR has received positive recognition for its workplace environment and commitment to sustainability, being named a 2025 Top Workplace by USA Today and a 2025 Top Workplaces Industry Winner. The company has also been recognized by GRESB as a Sector Leader since 2021. However, UDR's brand reputation has faced challenges, with complaints on the Better Business Bureau website regarding issues such as unsafe living conditions and problems with payment processing.

UDR, Inc. is predominantly owned by institutional shareholders, who hold approximately 99.92% of the company's stock, while insiders own about 1.32%, and retail investors hold a smaller percentage. Vanguard Group Inc. is the largest individual UDR shareholder, holding 15.29% of the company's shares. Other major institutional owners include BlackRock, Inc., Norges Bank, Cohen & Steers, Inc., State Street Corp, Capital Research Global Investors, Fmr Llc, Invesco Ltd., Centersquare Investment Management LLC, and Geode Capital Management LLC.