On 12 Nov 2026 our base value for UDR, Inc. is $52.99 a share, 46.7% above its $36.13 close; 1 of 1 valuation methods put it above the price.
| Method | Value | vs price | Basis |
|---|---|---|---|
| Discounted cash flow | — | — | not used for REITs: depreciation of property makes earnings and free cash flow understate what a REIT earns; see price to FFO |
| Exit multiple (P/E) | — | — | not used for REITs: depreciation of property makes earnings and free cash flow understate what a REIT earns; see price to FFO |
| Sum of the parts | — | — | not used for REITs: REITs are valued on funds from operations; see price to FFO |
| Price to sales | — | — | not used for REITs: REITs are valued on funds from operations; see price to FFO |
| Tangible book | — | — | not used for REITs: REITs are valued on funds from operations; see price to FFO |
| Price to FFO (REITs) | $52.99 | +46.7% | funds from operations $3.27 a share (FY2025) at its own 5-year median of 16.2× (today 11×) |
Each working is rebuilt by code from the valuation's own figures and checked against the published value.
| Fiscal year | Net income | Depreciation | FFO | Shares | FFO per share | Year-end close | P/FFO |
|---|---|---|---|---|---|---|---|
| 2021 | $160.99m | $619.83m | $780.83m | 301.70m | $2.59 | $59.99 | 23.2× |
| 2022 | $92.58m | $679.57m | $772.15m | 322.70m | $2.39 | $38.73 | 16.2× |
| 2023 | $474.49m | $691.84m | $1.17bn | 329.10m | $3.54 | $38.29 | 10.8× |
| 2024 | $95.88m | $695.47m | $791.35m | 330.12m | $2.40 | $43.41 | 18.1× |
| 2025 | $403.71m | $680.03m | $1.08bn | 331.05m | $3.27 | $36.68 | 11.2× |
| Median P/FFO | 16.2× |
| Latest FFO per share (FY2025) | $3.27 |
| Value per share = median × latest FFO per share | $52.99 |
For a REIT the base value is the price-to-FFO value: $52.99 a share.
Bear $36.68 · Base $52.99 · Bull $59.28 (the REIT's own lower and upper quartile price-to-FFO)
One-year price simulation: a 65% chance the price is higher than today's $36.13 in a year, from 18.37% volatility. The simulation assumes the price drifts up at our discount rate of 9% a year.
| Week | Price | Base value |
|---|---|---|
| 2 Oct 2026 | $33.27 | $52.99 |
| 9 Oct 2026 | $34.12 | $52.99 |
| 16 Oct 2026 | $34.26 | $52.99 |
| 23 Oct 2026 | $35.84 | $52.99 |
| 30 Oct 2026 | $35.52 | $52.99 |
| 6 Nov 2026 | $36.58 | $52.99 |
| 12 Nov 2026 | $36.13 | $52.99 |
Data as of 12 Nov 2026; financials to 30 Sep 2026. Sources: company filings via EODHD, SEC EDGAR, US Treasury. How these values are computed. Not investment advice.
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