Overview
UDR, Inc. is a U.S. multifamily residential real estate investment trust (REIT) that owns and operates apartment communities and invests in their development, acquisition, and redevelopment. Its business is centered on rental apartment homes in urban and suburban markets across 21 U.S. markets; the company’s cited materials describe a U.S.-focused footprint rather than a global one.[1][2]
UDR describes its purpose in terms of generating shareholder returns while creating value for residents, investors, employees, and communities. At year-end 2025, it reported 165 communities and 55,240 apartment homes. FY2025 total revenue was approximately $1.712 billion, and the company website lists more than 1,400 employees.[3][4][5][3] [4][4][5][1][2][3]
Products & services
UDR, Inc.’s core offering is apartment homes leased in multifamily communities. Its residential products also include furnished short-term apartments, with stays starting at 31 days and Wi‑Fi and utilities included; availability and features vary by community. Community amenities may include fitness centers, rooftop spaces, resident lounges, dog parks, and pet-washing stations.[6][7][8][9][10]
Resident services include online rent payments, maintenance requests and scheduling, community updates, utility connections, lease renewals, and 24/7 maintenance; bi-weekly rent payments are available at select communities. Technology offerings at certain properties include app-controlled smart locks and thermostats, temporary guest access codes, entry notifications, and package lockers with delivery notifications and flexible pickup. EV charging is also listed among community features. UDR’s 2025 reporting notes growth in combined reimbursement, ancillary, and fee income, but does not break out revenue by individual service or product.[11][12][13][14][15][16][17] [6][13][17][7][8][9][10][11][12][14][15][16]
Geographic presence
As of June 30, 2026, UDR’s same-store portfolio comprised 156 communities and 52,426 apartment homes across five U.S. regions: West, Northeast, Mid-Atlantic, Southeast, and Southwest [18]. Its listed markets include Orange County, San Francisco, Seattle, Los Angeles, Boston, New York, Philadelphia, Metropolitan D.C., Baltimore, Richmond, Tampa, Orlando, Nashville, Dallas, Austin, and Denver. Metropolitan D.C. was the largest listed market, with 9,119 same-store homes; Dallas had 7,449 and Boston 4,667 [18].
For the six months ended June 30, 2026, same-store lease revenue was $249.0 million in the West, $165.0 million in the Northeast, $155.6 million in the Mid-Atlantic, $104.1 million in the Southeast, and $93.3 million in the Southwest [19]. The same period’s NOI was concentrated in Metropolitan D.C. (17.0%), Boston (11.5%), Orange County (11.2%), the San Francisco Bay Area (9.3%), and Dallas (8.8%) [20]. UDR’s principal executive office is in Highlands Ranch, Colorado [21]. [18][18][18][18][18][18][18][19][19][19][19][19][20][21]
Business segments
UDR, Inc. reports one business segment: its apartment-home segment, comprising multifamily communities owned and operated to generate apartment rent and related property income. Net operating income (NOI) is the segment’s principal performance measure. UDR’s West, Northeast, Mid-Atlantic, Southeast and Southwest Regions are geographic breakdowns of same-store communities, not separate reportable business segments.[6][22][23]
For 2025, the reported regional and other-category NOI figures sum to approximately $1.162 billion. As shares of that total, the West Region contributed about 32.3%, the Northeast 18.7%, the Mid-Atlantic 19.2%, the Southeast 13.7%, and the Southwest 11.2%; Non-Mature Communities/Other contributed about 5.0%. These percentages are calculated from reported NOI and describe geographic/operating categories within the apartment-home segment, rather than distinct business segments.[23] [6][22][23]
Company history
UDR traces its origins to 1972, when it was formed as United Dominion Realty Trust. From 1996 through 1999, the company expanded through acquisitions of REITs, private portfolios, and individual apartment communities, building a broader national platform. In 2000, it sold 26 non-core communities as part of a portfolio-upgrade strategy.[24][25][26]
Thomas W. Toomey joined UDR in 2001 and became its CEO. The company launched its National Development Program in 2006, and in 2007 changed its name from United Dominion Realty Trust, Inc. to UDR, Inc.[27][28][29]
In 2015, UDR completed a $901 million purchase of six apartment communities in the Washington, D.C. area from Home Properties, extending its portfolio through a major regional acquisition.[30]
Sources
- www.udr.com[1]
- www.udr.com[2]
- www.udr.com[3]
- UDR, Inc. — Full financial report (2025 Y)
- www.udr.com[7]
- www.udr.com[8]
- www.udr.com[9]
- www.udr.com[10]
- www.udr.com[11]
- www.udr.com[12]
- www.udr.com[14]
- www.udr.com[15]
- www.udr.com[16]
- UDR, Inc. — Full financial report (2026 Q 2)
- www.udr.com[24]
- media.corporate-ir.net[25]
- fintel.io[26]
- www.sec.gov[27]
- www.udr.com[28]
- www.sec.gov[29]
- www.businesswire.com[30]
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