UDR - UDR Inc.: Buy Quality Assets At A Discount
2024-03-28 11:30:00 ET
Summary
- UDR Inc. is an undervalued Multifamily REIT with a strong balance sheet and quality locations, making it a good choice for income.
- UDR's 'hedged' portfolio of properties in Tier 1 and secondary markets has helped it navigate different market environments and outperform its Tier 1-focused peers.
- Despite a slowdown in tenant demand and rental increases, UDR has maintained strong occupancy and is expected to see a reversal next year, all while paying a respectable dividend yield.
Income stocks have largely missed out on the market rally over the past 6 months, and while it's easy to get FOMO and want to chase high-flyers like Super Micro Computer ( SMCI ) or Nvidia ( NVDA ), I continue to prize real cash flows over paper gains on stocks with speculative valuations....
UDR Inc.: Buy Quality Assets At A Discount