08:15 AM EDT, 05/02/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
UDR is executing on its strategy to deliver solid growth in revenue and FFO ahead. We keep our $48 target using a forward P/E of 18.8x, which is below the multi-family residential REIT average of 21.6x. The investment rationale for a lower valuation for UDR is linked to the trust's expansion in new markets, which has put Y/Y growth metrics behind some peers. We left unchanged our FFO at $2.55 in 2025 and $2.65 in 2026. UDR Inc. ( UDR ) delivered solid results to start the year. The trust reported Q1 2025 total rental revenue of $421M, in line with consensus, up 2.0% Y/Y, and FFO of $0.61 per share. We like that cash NOI was up 2.8% Y/Y, with revenue up 2.6% and expense growth up 2.3%. UDR is guiding Q2 2025 FFO at $0.61 to $0.63 per share, with no guidance on rental revenue.