NNN REIT, Inc. (NNN) vs UDR, Inc. (UDR)
A side-by-side comparison of NNN REIT, Inc. and UDR, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 20, 2026. Differences are shown without an overall score or investment verdict.
Total return — NNN vs UDR
growth of $100 · dividends reinvested · last 10yNNN vs UDR: by the numbers
- •UDR is the larger company ($12.05B vs $8.80B market cap).
- •NNN converts more revenue to profit (40.35% vs 30.43% net margin).
- •NNN pays the higher dividend yield (5.23% vs 4.23%).
Metrics side by side
Valuation
| Metric | NNN | UDR |
|---|---|---|
| P/E ratio | 22.67 | 23.89 |
| Forward P/E | 22.72 | 41.82 |
| P/S ratio | 9.20 | 7.11 |
| P/B ratio | 1.97 | 4.15 |
| EV / EBITDA | 15.85 | 15.77 |
| FCF yield | 2.78% | 7.55% |
For REITs like NNN REIT, 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.
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 | NNN | UDR |
|---|---|---|
| Gross margin | 38.00% | 25.59% |
| Operating margin | 62.03% | 18.83% |
| Net margin | 40.35% | 30.43% |
| ROE | 8.62% | 17.77% |
| ROIC | 6.18% | 4.92% |
Dividends
| Metric | NNN | UDR |
|---|---|---|
| Dividend yield | 5.23% | 4.23% |
| Payout ratio | 116.91% | 140.27% |
NNN REIT, 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.
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 | NNN | UDR |
|---|---|---|
| Revenue CAGR (5Y) | 6.97% | 6.97% |
| EPS CAGR (5Y) | 11.15% | 41.39% |
| FCF CAGR (5Y) | 8.18% | 15.86% |
| Total return CAGR (5Y) | 5.21% | -2.93% |
Frequently asked
- Which has grown faster, NNN or UDR?
- Over the past five years, UDR grew revenue faster — NNN at a 6.97% CAGR versus UDR at 6.97%.
- Does NNN or UDR pay a bigger dividend?
- NNN yields 5.23% and UDR yields 4.23% based on trailing dividends and the latest price.
- Is NNN or UDR more profitable?
- NNN runs the higher net margin — NNN at 40.35% versus UDR at 30.43%.
Go deeper
Dig into the metrics
NNN REIT & 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 August 20, 2026.