How Is UDR's Stock Performance Compared to Other Residential and Multisector Real Estate Stocks?

Core Viewpoint - UDR, Inc. is a large-cap multifamily residential REIT with a market cap of $11.7 billion, focusing on high-quality apartment homes in major U.S. metropolitan areas [1][2] Company Overview - UDR owns, operates, acquires, develops, and redevelops apartment communities, emphasizing urban and suburban locations [1] - The company benefits from its scale and operational efficiency, which supports disciplined capital allocation and cost control [2] Financial Performance - In Q3, UDR reported FFO per share of $0.65, a 4.8% year-over-year increase, exceeding analyst expectations of $0.63 [5] - Total revenue for Q3 was $431.9 million, up 2.8% from the previous year, driven by higher revenue from same-store communities and completed developments [5] - Rental income reached $429.3 million, a 2.7% increase year-over-year, but slightly missed consensus estimates [5] Stock Performance - UDR's shares have declined 23.5% from their 52-week high of $46.47, reached on March 4 [3] - Over the past three months, UDR shares fell 7.4%, underperforming the iShares Residential and Multisector Real Estate ETF's (REZ) 2.2% drop [3] - Year-to-date, UDR shares are down 18.2%, compared to REZ's 2.5% return [4] Market Position - UDR has outperformed its competitor AvalonBay Communities, Inc. (AVB), which saw a 22.4% decline over the past 52 weeks and a 19.6% drop year-to-date [6]