UDR, Inc. (UDR) intrinsic value & 10-year financials

UDR, Inc. (UDR) has a Graham intrinsic value of $9.26 per share. At $33.84 on Oct 20, 2026, the stock trades 265% above that value. Over the last 10 fiscal years revenue grew -0.0% a year to $11.4M, with an average return on invested capital of 3.8%.

Graham intrinsic value
$9.26
Share price (Oct 20, 2026)
$33.84
Price vs Graham value
265% above
Market cap
$11.2B
Revenue (FY2025)
$11.4M
Revenue growth (10-yr CAGR)
-0.0%
ROIC (10-yr avg)
3.8%
Free cash flow (FY2025)
—

UDR 10-year financial history

Fiscal year Revenue Net income EPS (diluted) Free cash flow Operating margin ROIC
FY2025 $11.4M $377.7M $1.13 — 4872.9% 6.0%
FY2024 $8.3M $89.6M $0.26 — 3421.5% 3.0%
FY2023 $6.8M $444.4M $1.34 — 9279.7% 6.5%
FY2022 $5.0M $86.9M $0.26 — 4994.3% 2.7%
FY2021 $6.1M $150.0M $0.48 — 4391.5% 3.1%
FY2020 $5.1M $64.3M $0.20 — 4914.2% 2.9%
FY2019 $14.1M $185.0M $0.63 — 1572.8% 3.0%
FY2018 $11.8M $203.1M $0.74 $555.8M 3017.8% 5.5%
FY2017 $11.5M $121.6M $0.44 $517.8M 1606.8% 2.8%
FY2016 $11.4M $292.7M $1.08 $532.5M 1531.8% 2.7%

Source: annual 10-K filings on SEC EDGAR. Figures in USD.

Executive summary

UDR, Inc. is facing top-line stagnation, with revenue contracting over the decade.

UDR, Inc. has historically struggled to out-earn its cost of capital, averaging just 3.8% ROIC.

Over the decade, UDR, Inc. shows that the company has leveraged its balance sheet to sustain operations.

Benjamin Graham lens

Under Benjamin Graham's formula using SEC EDGAR fundamentals, UDR, Inc. is modeled at 0.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $9.26 per share.

UDR stock: frequently asked questions

What is the intrinsic value of UDR, Inc. (UDR) stock?

Using Benjamin Graham's revised formula, V = EPS × (8.5 + 2g) × 4.4 / Y, with reported diluted earnings per share, a 0.5% normalized growth rate (capped at 15%) and a 5.1% AAA corporate bond yield, UDR's intrinsic value is about $9.26 per share.

Is UDR stock undervalued?

At $33.84 (close on Oct 20, 2026), UDR trades 265% above its Graham value of $9.26. On Graham's terms the shares look fully priced. A formula is a starting point for research, not a recommendation.

How fast has UDR, Inc. grown?

Revenue went from $11.4M in fiscal 2016 to $11.4M in fiscal 2025, a compound annual growth rate of -0.0%. Net income was $377.7M in fiscal 2025.

What is UDR's return on invested capital?

Average ROIC over the last 10 fiscal years was 3.8%, and average return on equity was 6.0%. Sustained ROIC above about 15% usually points to a durable competitive advantage.

Where does this UDR data come from?

From UDR, Inc.'s annual 10-K filings on SEC EDGAR, most recently filed Jul 28, 2026. Prices are end-of-day snapshots; valuations are formula outputs, not investment advice.

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