Federal Realty Investment Trust (FRT) vs UDR, Inc. (UDR)
A side-by-side comparison of Federal Realty Investment Trust and UDR, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of September 11, 2026. Differences are shown without an overall score or investment verdict.
Total return — FRT vs UDR
growth of $100 · dividends reinvested · last 10yFRT vs UDR: by the numbers
- •UDR is the larger company ($11.28B vs $9.88B market cap).
- •FRT converts more revenue to profit (32.66% vs 30.43% net margin).
- •FRT grew revenue faster over the past five years (8.77% vs 6.97% CAGR).
- •UDR pays the higher dividend yield (4.48% vs 3.94%).
Metrics side by side
Valuation
| Metric | FRT | UDR |
|---|---|---|
| P/E ratio | 22.78 | 22.37 |
| Forward P/E | 26.84 | 32.30 |
| P/S ratio | 7.40 | 6.57 |
| P/B ratio | 2.94 | 3.84 |
| EV / EBITDA | N/A | 14.97 |
| FCF yield | 3.17% | 4.39% |
For REITs like Federal Realty Investment Trust, GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
For REITs like UDR, Inc., GAAP P/E is distorted: heavy non-cash property depreciation depresses reported earnings and overstates the multiple. Real-estate companies are valued on funds from operations (FFO / AFFO) and price-to-FFO — see the Funds From Operations section. The P/E is shown for reference only.
Profitability
| Metric | FRT | UDR |
|---|---|---|
| Gross margin | 9.73% | 25.59% |
| Operating margin | 34.49% | 18.83% |
| Net margin | 32.66% | 30.43% |
| ROE | 12.96% | 17.77% |
| ROIC | 5.08% | 4.92% |
Dividends
| Metric | FRT | UDR |
|---|---|---|
| Dividend yield | 3.94% | 4.48% |
| Payout ratio | 90.04% | 100.96% |
Federal Realty Investment Trust's payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
UDR, Inc.'s payout ratio is measured against GAAP earnings, which non-cash depreciation depresses for REITs — the dividend is conventionally assessed against funds from operations (FFO / AFFO) instead, so the GAAP figure overstates the payout burden.
Growth (annualized)
| Metric | FRT | UDR |
|---|---|---|
| Revenue CAGR (5Y) | 8.77% | 6.97% |
| EPS CAGR (5Y) | 24.22% | 41.39% |
| FCF CAGR (5Y) | 69.34% | 15.86% |
| Total return CAGR (5Y) | 3.79% | -4.25% |
Frequently asked
- Which has grown faster, FRT or UDR?
- Over the past five years, FRT grew revenue faster — FRT at a 8.77% CAGR versus UDR at 6.97%.
- Does FRT or UDR pay a bigger dividend?
- FRT yields 3.94% and UDR yields 4.48% based on trailing dividends and the latest price.
- Is FRT or UDR more profitable?
- FRT runs the higher net margin — FRT at 32.66% versus UDR at 30.43%.
- How have FRT and UDR total returns compared?
- Over the past 10 years, FRT delivered 0.91% and UDR delivered 3.98% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
Federal Realty Investment & UDR appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified September 11, 2026.