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UDR is a leading multifamily REIT focused on apartment community management and development across the USA.
UDR is a self-administered real estate investment trust (REIT) that specializes in owning, operating, managing, and developing multifamily apartment communities across the United States. As of December 31, 2023, UDR has a consolidated portfolio comprising 168 communities and over 55,000 apartment homes, along with interests in thousands more through joint ventures. The company is committed to maintaining its REIT status by adhering to specific asset and income requirements, ensuring significant shareholder returns through regular dividends, which totaled $1.68 per share in 2023.
The company's business model emphasizes developing new properties while managing existing ones to maximize profitability. UDR's operations are segmented into 'Same-Store Communities,' which represent stabilized properties, and 'Non-Mature Communities/Other,' covering newly acquired or developed properties. UDR aims to optimize returns for its shareholders through strategic acquisitions, development projects, and effective property management that aligns with demographic trends and rental market demands.
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