UDR UDR

Name: UDR Crucible Score
Creator: Kaladin Capital Intelligence

UnknownUnknownN/A📅 Scored April 5, 2026

Price at analysis: $34.64

Crucible Score

64.0

B-

Quality × Value Composite

KQI — Quality

63.0

C+

Fundamental Quality Index

KVI — Value

65.1

B-

Valuation Attractiveness Index

Crucible Verdict — UDR

UDR trades at a modest discount to fair value despite solid financial quality metrics that significantly outpace its growth prospects and competitive positioning. The REIT's 84 financial quality score contrasts sharply with weak diversification scores and mediocre earnings consistency under long-tenured CEO Toomey. The valuation gap suggests limited upside until operational improvements materialize.

— Kal, Kaladin Capital Intelligence

◆ KQI Quality Dimensions

Financial Quality

83.9

Growth Profile⚠

53.8

Moat Durability⚠

56.0

Management Effectiveness⚠

62.7

Diversification & Resilience⚠

43.0

Market Position

62.0

Weakest dimension: Diversification & Resilience (43.0)

◆ KVI Value Dimensions

DCF Margin of Safety

64.6

FCF Yield & Cash Returns

73.7

Relative Valuation

57.3

Growth-Adjusted Value

56.8

Historical Valuation

79.3

Macro Context

51.4

◆ DCF Valuation Scenarios

Bear Case

$27.18

Base Case

$38.52

Bull Case

$53.71

Price at Analysis

$34.64

Scenario	Fair Value	Rev CAGR (5yr)	Terminal Margin	WACC
🔴 Bear	$27.18	2.5%	16.0%	8.8%
🟢 Base	$38.52	4.0%	19.0%	8.1%
🟢 Bull	$53.71	5.5%	22.0%	7.4%

Key Assumptions: UDR is a residential REIT with near-zero effective tax rates and stable cash flows. Revenue grew from ~$1.29B to ~$1.71B over 5 years (~5.8% CAGR), with operating margins averaging ~18-20% (excluding the anomalous 39% year). WACC is computed using CAPM with a 5.5% ERP for the base case (yielding ~8.1%), with bear/bull cases adjusting ERP by +/-50bps. FCF is anchored on historical OCF less capex (~17% of revenue), with D&A running ~40% of revenue reflecting the capital-intensive REIT model. Terminal values use Gordon Growth with rates of 2.5%-3.5% reflecting long-term rental housing demand.

◆ Financial Snapshot

Profitability

Gross Margin37.4%

Operating Margin21.1%

Net Margin22.1%

ROIC24.1%

ROE6.0%

Balance Sheet

Balance SheetCR: 3.31

Cash ConversionFCF/EPS: 2.38x

Capital IntensityCapex/Rev: 16.9%

Altman Z-Score0.78 (Distress)

Piotroski F-Score8/9 (Strong)

Growth

Revenue CAGR-69.4% CAGR (suspect)

Earnings CAGR26.0% CAGR

Growth ConsistencyCV: 43.92

Segment BreadthInsufficient segments

Quarterly TrendMargin∆

Earnings CredibilityTends to Beat

◆ Analyst Consensus & Leadership

Leadership & Governance

CEOThomas W. Toomey · 12 years

CEO Ownership1.8%

Insider ActivityNeutral

Capital AllocationROIC 24.1% vs WACC 8.3%

Earnings Beat Rate56% (14/22)

◆ Related Companies in Our Universe

Other Unknown companies scored by the Crucible:

ADBE81.8A-NICE80.7A-DECK79.9A-INTU79.9A-EXEL78.3A-MTCH78.2A-TTD78.0B+

Methodology All Scores Crucible Briefs Performance @KaladinCI

Analysis conducted April 5, 2026 based on most recent SEC filings. Updated quarterly, after new SEC filings.

Point-in-time fundamental analysis. Not investment advice. Scores reflect company quality and valuation at time of analysis and may not reflect current market conditions.