$
39. 50
-0.24
-0.6039%
$
12.99B Market Cap
27.28 P/E Ratio
6.04% Div Yield
356,037 Volume
1.39 Eps
$ 39.74
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UDR, Inc.: Better Results But Less Benefit From Peaking Apartment Supply
UDR's shares have underperformed due to high interest rates and cooling in the apartment rental market. Signs of the rental market finding a bottom make me incrementally more positive about UDR, though its relative value is not particularly compelling. UDR's focus on legacy markets and mid-tier quality properties means it may not be the primary beneficiary of peaking supply.
Seekingalpha | 2 years ago
