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Stocks UDR DCF valuation

DCF valuation

What is UDR, Inc. worth?

With the base-case assumptions below, a discounted cash flow model on UDR, Inc.'s reported free cash flow gives $21.83 per share. The share price was $36.66 on November 10, 2026, 68% above that value.

Inputs from the filings

Free cash flow, fiscal 2025
$650M
Average free cash flow, last 5 years
$585.4M
Cash
$1.2M
balance sheet of September 30, 2026
Debt
$5.76B
balance sheet of September 30, 2026
Diluted shares, fiscal 2025
331,053,000
Revenue growth per year, last 5 years
6.6%

Three sets of assumptions

CaseGrowth yrs 1-5Growth yrs 6-10After year 10Discount rateValue per shareValue vs price
Bear1.5%2.0%2.0%10.0%$7.12-81%
Base6.5%4.5%2.5%9.0%$21.83-40%
Bull11.5%7.5%3.0%8.0%$51.14+39%

Sensitivity: base case value per share

Discount rate down the side, growth after year 10 across the top. Everything else as in the base case.

1.5%2.0%2.5%3.0%3.5%
7.0%$32.69$36.00$40.05$45.12$51.63
8.0%$24.58$26.73$29.27$32.32$36.05
9.0%$18.66$20.13$21.83$23.81$26.14
10.0%$14.15$15.19$16.38$17.73$19.30
11.0%$10.60$11.37$12.22$13.19$14.28

Where the presets come from

Base: years 1 to 5 grow at UDR, Inc.'s revenue growth rate over the last 5 fiscal years (6.6% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.

Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.

Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.

This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.

Adjust the assumptions

Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.

Adjust the assumptions

UDR, Inc. company page