UDR’s ‘B’ Property Exposure Leaves Shares Fully Valued

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UDR (NYSE:UDR) has been a significant underperformer over the past year as higher rates weighed on real estate valuations, and the rental market has cooled significantly. Still, shares have rallied more than 20% from their lows as long-term rates have declined. While the apartment market is likely nearing a bottom, UDR’s valuation and real estate mix leave it unlikely to be a top performer in the sector.

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