Discounted Cash Flow

UDR Inc. REIT

UDR · Based on 10 years of SEC filings

Average annual growth rates

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Average annual growth is the mean year-over-year change across each period.

Endpoint CAGR (better for long term trend)

Metric 10-Year 5-Year 3-Year
Sales
Free Cash Flow
Average (FCF & NI)
Net Income

Endpoint CAGR is the compound annual rate from the first to last year in each period.

Projections use average year-over-year growth. Change this in Settings.

Projected growth rate

Free cash flow growth
10-year: — 5-year: — 3-year: —
Averaged growth (FCF & NI)
10-year: — 5-year: — 3-year: —
Net income growth
10-year: — 5-year: — 3-year: —
Sales growth (not added to calculations)
10-year: — 5-year: — 3-year: —

Click a greyed-out slider to switch metrics. Slide between the 10-year, 5-year, and 3-year historic growth rates for FCF, net income, or their average.

%
%

Historical inputs (10 fiscal years)

YEAR Sales Net Income Free Cash Flow Net Margin EPS (diluted)
2016 $959.9m $292.7m $532.5m 30.5% $1.09
2017 $984.3m (2.5%) $121.6m (-58.5%) $517.8m (-2.8%) 12.3% (-59.5%) $0.44 (-59.6%)
2018 $11.8m (-98.8%) $203.1m (67.1%) $555.8m (7.4%) 1728.0% (13892.2%) $0.74 (68.2%)
2019 $14.1m (19.6%) $185.0m (-8.9%) $630.7m (13.5%) 1316.0% (-23.8%) $0.63 (-14.9%)
2020 $5.1m (-63.9%) $64.3m (-65.3%) $604.3m (-4.2%) 1267.8% (-3.7%) $0.20 (-68.3%)
2021 $6.1m (20.4%) $150.0m (133.4%) $664.0m (9.9%) 2458.5% (93.9%) $0.49 (145.0%)
2022 $5.0m (-17.7%) $86.9m (-42.1%) $584.1m (-12.0%) 1730.9% (-29.6%) $0.26 (-46.9%)
2023 $6.8m (36.3%) $444.4m (411.2%) $520.3m (-10.9%) 6493.5% (275.2%) $1.34 (415.4%)
2024 $8.3m (21.5%) $89.6m (-79.8%) $605.2m (16.3%) 1077.1% (-83.4%) $0.26 (-80.6%)
2025 $11.4m (36.6%) $377.7m (321.6%) $613.9m (1.5%) 3324.6% (208.7%) $1.13 (334.6%)

Base FCF: (latest fiscal year)

Discount rate: %

Terminal growth:

Projection period: years

Alt A decline yrs:

Alt B total yrs:

Projected cash flows

Year Projected cash flow Discount Factor Present Value

PV of projected FCF:

Terminal FCF:

Terminal value:

PV of terminal value:

Enterprise value (DCF):

DCF price per share:

Current price:

Alternative DCF Models

Model Fair Value Upside PV(FCFs) PV(Terminal) Total Years
Standard (10yr→TV) 10 + TV
Alt A (Gradual Decline)
Alt B (30yr Hard Stop) N/A

This is a simplified DCF model for illustration. It uses reported free cash flow, a single growth assumption, fixed WACC, and a Gordon Growth terminal value. It is not investment advice.

+ 10YR Financials Balance Sheet (10YR) Cash Flow (10YR) DCF Model