UDR, Inc. explained

UDR, Inc.
Type:Public company
Traded As:
S&P 500 component
Hq Location:Highlands Ranch, Colorado
Industry:Real estate investment trust
Key People:Thomas W. Toomey, Chairman, CEO & President
Joseph D. Fisher CFO
Products:Apartments
Revenue: $1.241 billion (2020)
Net Income: $60 million (2020)
Assets: $9.637 billion (2020)
Equity: $3.234 billion (2020)
Num Employees:1,271 (2020)
Footnotes:[1]

UDR Inc. (formerly United Dominion Realty) is a publicly traded real estate investment trust that invests in apartments. The company is organized in Maryland with its headquarters in Highlands Ranch, Colorado. As of December 31, 2020, the company owned interests in 149 apartment communities containing 48,283 apartment units.[1]

It is the 19th largest owner of apartments in the United States and the 30th largest apartment property manager in the United States.[2]

History

The company was founded in Highlands Ranch, Colorado in 1972.[1] It became a public company via an initial public offering in January 1978. It was added to the S&P 500 in March 2016.[3]

Notes and References

  1. Web site: UDR Inc. 2020 Form 10-K Annual Report . U.S. Securities and Exchange Commission.
  2. Web site: NMHC Top 50 . National Multifamily Housing Council.
  3. UDR Set to Join the S&P 500; Healthcare Realty Trust to Join S&P MidCap 400; Proto Labs to Join S&P SmallCap 600 . . March 3, 2016.