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UDR Inc.

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Shares of UDR have underperformed the industry it belongs to, in the past month. Notably, the company continues to deal with elevated level of apartment supply in a number of its markets. This limits the landlord’s ability to demand higher rents and also increases concessional activities. Moreover, the company’s extensive development pipeline exposes it to operational risks, entitlement delays and lease-up risks. Also, properties under development tend to drag margins till their completion. Further, any rise in interest rates remains a concern for the company. Nonetheless, UDR’s portfolio with superior product-mix, located in the targeted U.S. markets has the capacity to drive long-term growth in rental income.

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