Highlands Ranch, Colorado-based UDR, Inc. (UDR) owns, operates, acquires, develops, redevelops, renovates, and manages apartment communities in high-barrier-to-entry markets. With a market cap of $13.5 billion, UDR operates as one of the most favorably-positioned multi-family apartment REITs in the U.S.

The REIT major is expected to release its second-quarter earnings on Tuesday, Jul. 29. Ahead of the event, analysts expect UDR to report funds from operations as adjusted (FFOA) of $0.62 per share, the same as the FFOA reported in the year-ago quarter. The company has met or surpassed Wall Street’s FFOA estimates in each of the past four quarters.

For the full fiscal 2025, analysts expect UDR to deliver an FFOA of $2.50 per share, marginally up from $2.48 reported in fiscal 2024. While in fiscal 2026, its FFOA is expected to grow 3.2% year-over-year to $2.58 per share.

UDR stock has observed a marginal 12 bps uptick over the past 52 weeks, underperforming the Real Estate Select Sector SPDR Fund’s (XLRE) 8.3% returns and the S&P 500 Index’s ($SPX) 11.9% surge during the same time frame.

UDR stock prices gained 1.7% in the trading session after the release of its resilient Q1 results on Apr. 30. The company experienced high demand for its apartment houses, leading to a 2.6% year-over-year growth in comparable same-store sales and a 2.8% increase in comparable net operating income. Its overall topline for the quarter increased slightly more than 2% year-over-year to approximately $422 million. Meanwhile, its FFOA observed a marginal 63 bps growth to $219.1 million, and its FFOA per share of $0.61 matched the Street’s expectations.

The stock holds a consensus “Moderate Buy” rating overall. Of the 23 analysts covering the UDR stock, opinions include eight “Strong Buys,” 14 “Holds,” and one “Strong Sell.” Its mean price target of $46.12 suggests a 12.7% upside potential from current price levels.