Using the industry peer median P/E multiple (trailing + forward), UDR, Inc. (UDR) has a fair value of $24.71 based on 4 comparable companies in the REIT - Residential industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| UDR, Inc.UDR | 11,281 | 30.2x | 69.8x |
| Mid-America Apartment Communities, Inc.MAA | 14,324 | 32.4x | 36.4x |
| Host Hotels & Resorts, Inc.HST | 13,422 | 17.7x | 20.2x |
| Camden Property TrustCPT | 10,434 | 27.7x | 72.5x |
| BXP, Inc.BXP | 8,391 | 30.4x | 30.3x |
| Industry Median | 29.1x | 33.4x | |
| (*) Profit after tax | 378 | 162 | |
| Equity Value | 10,973 | 5,390 | |
| (/) Outstanding shares | 331 | 331 | |
| Fair Price | $33 | $16 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.