UDR

What UDR does

UDR, Inc. is a large-cap, self-administered multifamily real estate investment trust (REIT) that owns, acquires, develops, redevelops, and operates upscale mid-rise and high-rise apartment communities across major U.S. metropolitan markets. Headquartered in Highlands Ranch, Colorado, and listed on the NYSE under ticker UDR, the company controls a portfolio of approximately 50,000 apartment homes (with ownership interests extending to ~61,000 homes across 169 assets) valued at roughly $16.2 billion at year-end 2024. Markets span high-barrier coastal metros (New York, San Francisco, Seattle, Boston, Washington DC, Los Angeles, Orange County) and growth-oriented Sun Belt cities (Austin, Nashville, Dallas-Fort Worth, Denver, Tampa, Orlando, Philadelphia, Baltimore, Richmond, Portland). The portfolio generates revenue primarily through recurring monthly rental income on one-year-or-longer leases, supplemented by ancillary streams including pet fees, parking ($80-$215/month), storage, furnished corporate housing, and short-term rental hosting via Airbnb integration.

The company's digital operating stack centers on the UDR Resident App (iOS and Android) and a next-generation Resident Portal that consolidates rent payment, maintenance requests, and community engagement, with management describing a 'software-first' approach to operational efficiency. Supporting integrations include Rhino (deposit-free leasing), RentTrack (rent-based credit building at $6.95/month), Amenify (lifestyle services), GetCovered (renter's insurance), MoveMatcher (relocation), and smart-home device packages (thermostats, locks) at select communities. UDR's pricing is market-rate with unit-level variance by floor plan and amenities; for example, one-bedroom rents in Bellevue, WA start above $3,779/month, while furnished corporate units start around $4,264/month with a 60-day minimum. Customer acquisition flows primarily through direct-to-consumer channels — the udr.com website with apartment search and tour scheduling, an Apartment Search Concierge, and physical leasing offices at each community.

Financially, UDR generated approximately $1.75 billion in revenue for full-year 2025, with Q4 2025 revenue of $433.1 million (up 2.5% year-over-year). Q1 2026 occupancy stood at 96.6%, dividend yield at 4.6%, and the company maintains a BBB+ credit rating with $1 billion in liquidity. The company is actively recycling capital — completing $362 million in property sales in Q1 2026 alongside acquisitions including The Enclave at Potomac Club ($147.7 million) and a 232-unit Portland community — and expanded its joint venture with LaSalle Investment Management to approximately $850 million in December 2025. In April 2026, UDR announced a transition to monthly dividends effective July 2026, making it the first residential REIT to do so, followed by a 25 million-share increase to its share repurchase authorization in May 2026 (representing over $1 billion in repurchase capacity).

Name

UDR

Legal name

UDR Inc.

Website

https://udr.com

Company type

Public

Founded year

1969

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

UDR is a publicly traded multifamily REIT (NYSE: UDR) that owns, develops, and manages approximately 50,000 premium apartment homes across major U.S. metropolitan markets. The company generates recurring rental income from urban professionals and families seeking upscale apartment living in supply-constrained coastal and Sun Belt cities.

Ownership category

akta.pro rank

Product category

Multifamily Residential Real Estate (REIT)

NAICS

Lessors of Residential Buildings and Dwellings (531110), Lessors of Real Estate (5311), Services to Buildings and Dwellings (5617)

SIC

Real Estate Investment Trusts (6798), Lessors Of Real Property, Nec (6519)

akta.pro primary industry

Build-to-Rent (BTR) Community Management (BPAJAFAC)

Keywords

• Multifamily apartment rentals
• Real estate investment trust
• Apartment property management
• Furnished corporate housing
• Resident services platform

Headquarters

HQ city

Highlands Ranch

HQ country

United States

HQ region

North America

Offices17 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Technology or R&D, Marketing or Sales, Personnel

Revenue model

1. Rental Income: Primary revenue stream from rental income from upscale mid-rise and high-rise apartment properties with one-year-or-longer leases. Portfolio of approximately 50,000 apartment homes across major U.S. markets.
2. Ancillary Income: Additional revenue from pet fees, parking fees ($80-$215/month), storage fees, furnished apartment rentals, and other resident services.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels5 records

Core offering

UDR is a self-administered multifamily REIT that owns, acquires, develops, redevelops, and operates approximately 50,000 premium apartment homes in upscale mid-rise and high-rise buildings across high-barrier-to-entry U.S. metropolitan markets. The company leases apartments directly to residential tenants on one-year-or-longer leases and supports residents with a digital ecosystem (Resident Portal and UDR Resident App), furnished corporate housing, smart home packages, and ancillary services such as parking, pet, storage, deposit-free leasing, and credit-building.

Product overview

UDR is a self-administered multifamily REIT that operates as a single unified product offering: premium apartment rentals across approximately 50,000 apartment homes in major U.S. markets. The core product is apartment community management, which is supported by a digital ecosystem comprising the Resident Portal (web-based platform for rent payments, maintenance requests, and community engagement), the UDR Resident App (mobile application), Smart Home Technology packages, and a Furnished Housing Program for short-term needs. The company also offers resident convenience services including deposit-free living through Rhino, credit building via RentTrack, short-term rental hosting through Airbnb integration, and an Apartment Search Concierge for prospective tenants.

Differentiator

Problem solved

Functional benefit

Products and services

• UDR Apartment Communities Premium multifamily apartment rentals across major U.S. markets (New York, San Francisco, Seattle, Dallas-Fort Worth, Boston, Austin, Nashville, Orlando, Tampa, Philadelphia, Denver, Los Angeles, Orange County, Baltimore, Washington DC), comprising approximately 50,000 upscale mid-rise and high-rise apartment homes leased to residential tenants on one-year-or-longer leases.
• Enhanced Resident Portal Web-based resident portal that enables residents to pay rent, submit maintenance requests, and engage with their apartment community, serving as UDR's software-first property management platform.
• UDR Resident App Mobile application for iOS and Android that lets residents pay rent, submit service requests, view community news, and access resident services.
• Furnished Housing Program Short-term furnished apartment rentals (corporate housing) including furniture packages, full kitchen, housewares, Wi-Fi internet, and utilities, available on a 60-day minimum lease term starting around $4,264/month.
• Smart Home Technology Package Smart home technology package available at select UDR communities, including smart thermostats and smart locks for resident comfort and security.
• Apartment Search Concierge Assisted apartment search service that helps prospective residents discover and narrow down UDR apartment options through personalized guidance.

Quantifiable outcome

• Record resident retention 10 percentage points above historical levels
• +4 more outcomes

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration10 records

Feature2 records

Partnerships

Two partnerships are on record, tiered core.

• FunnelcoreTechnology or Integration · 6 January 2026Funnel, an agentic AI CRM platform for the multifamily industry, announced UDR as a partner alongside GMH Communities, Morgan Properties, Tribridge Residential, and RedPeak. Partnership is part of Funnel's expansion of AI-powered solutions including Resident AI and Insights. The company hosted its second annual Forum with 139 executives representing 2.4 million units.
• LaSalle Investment ManagementcoreStrategic or Co-development Partner · 18 December 2025$230 million expansion of existing joint venture bringing total to approximately $850 million. UDR contributes four apartment communities totaling 974 units in Portland, Orlando, and Richmond while retaining 51% ownership. Transaction generates approximately $200 million in cash proceeds for UDR to be used for share repurchases, debt repayment, and general corporate purposes. Both companies indicated they will continue exploring additional growth opportunities for the joint venture in 2026.

Scale indicators13 records

Recent moves8 records

Expansion highlights6 records

Direct peers

• AvalonBay Communities: AvalonBay is the closest direct peer to UDR: a publicly traded multifamily REIT (NYSE: AVB) operating ~90,000 apartment homes across coastal high-barrier U.S. markets with a similar premium mid/high-rise focus and overlapping geographies. Both REITs compete head-to-head in NYC, Boston, Seattle, Northern California, and DC Metro.
• Equity Residential: Equity Residential (NYSE: EQR) is a large-cap multifamily REIT focused on urban and high-density coastal gateway markets including NYC, San Francisco, Boston, Washington DC, and Southern California — directly competing with UDR in the same premium apartment segment.
• Essex Property Trust: Essex Property Trust (NYSE: ESS) operates ~62,000 apartment homes exclusively on the West Coast (California, Seattle), making it a direct multifamily peer to UDR with overlapping Seattle exposure and a comparable premium urban portfolio strategy.
• Mid-America Apartment Communities: MAA (NYSE: MAA) is a large-cap multifamily REIT operating ~102,000 apartment homes, primarily in the Sun Belt — directly comparable to UDR's Sun Belt portfolio in Nashville, Austin, Tampa, Orlando, and Dallas-Fort Worth. Both compete for institutional capital in the multifamily REIT universe.
• Camden Property Trust: Camden Property Trust (NYSE: CPT) is a diversified multifamily REIT with ~172 properties and ~58,000 apartment homes across the Sun Belt and select Mid-Atlantic markets. CPT overlaps with UDR's Austin, Dallas, Tampa, Orlando, and DC Metro exposure.
• Independence Realty Trust: Independence Realty Trust (NYSE: IRT) is a multifamily REIT focused on non-gateway Sun Belt markets including Atlanta, Dallas, Raleigh, and Tampa. It is a direct peer to UDR's Sun Belt segment though at a smaller scale (~36,000 units).
• NexPoint Residential Trust: NexPoint Residential Trust (NYSE: NXRT) operates a value-oriented multifamily portfolio in Sun Belt markets. As a smaller multifamily REIT with a similar garden-style/suburban focus in select UDR geographies, it serves as a comparable benchmark for capital allocation and operational efficiency.
• Veris Residential: Veris Residential (NYSE: VRE) is a multifamily REIT operating Class A multifamily properties primarily in the New Jersey waterfront submarket of NYC. It overlaps directly with UDR's Northeast/New York metro exposure, although smaller in scale.

Broad incumbents

• Federal Realty Investment Trust: Federal Realty (NYSE: FRT) is a major REIT, but focused on open-air shopping centers and mixed-use developments rather than multifamily. It is comparable to UDR as a fellow high-quality coastal REIT competing for similar income-oriented investor capital and recently added former UDR President Joe Fisher to its board.

Emerging players

• Invitation Homes: Invitation Homes (NYSE: INVH) is the largest single-family rental REIT (~84,000 homes), a different asset class but a comparable residential rental platform competing for the same renter pool and institutional capital as UDR's multifamily portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Xx.com/UDRMarketing
• Facebookfacebook.com/UDRApartments
• LinkedInlinkedin.com/company/udr

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UDR