UDR - UDR, Inc.
Price:
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CONSENSUS:
Buy
DETAILS
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PRICE TARGET:
$41.60
DETAILS
HIGH:
$46.00
LOW:
$38.00
MEDIAN:
$41.00
CONSENSUS:
$41.60
UPSIDE:
22.91%
AlphaVal
Deterministic, archetype-aware fair value
Real Estate Investment Trust
85% confidence
Primary model: P/FFO × Residential REIT Multiple
Adjust Assumptions
24.7x
$
Key Value Driver
FFO/share ($3.29) × residential P/FFO multiple
Implied Market Multiple
10.3x
Plain-Language Summary
At $3.29 FFO/share with a 25x residential REIT multiple, the base-case value is $61.79 per share. Dividend yield: 2.6%. DDM cross-check: $16.21.
Analyst Consensus (External Reference)
Never blended into the bear/base/bull estimates above -- shown only as an outside comparison.
Average Target (38 analysts)
$41.60
Analyst Range
$38.00 – $46.00
Divergence from AlphaVal
49%
Warnings
Standard profit figures are misleading for real estate companies — large non-cash accounting charges make profits look artificially low. Dividend yield and funds from operations are better measures.
Dividend-based valuation: $16.21 (74% below our primary estimate). Large gaps suggest the dividend may not fully reflect the company's value.
Wall Street's average price target is $41.60 (from 38 analysts). Our estimate is 49% above the consensus -- consider that gap carefully.
Key Risks
- P/E and EV/EBITDA are structurally wrong for REITs — use P/FFO and NAV
- Interest rate sensitivity: REIT multiples compress when rates rise
- FFO approximation (NI + D&A) may include gains on property sales — verify