Can UDR (UDR) Stay Undervalued After Its $2b Joint Venture?

UDR has delivered a 28.8% gain over the past three years, and the question now is whether today’s US$35.84 share price is properly supported by the cash it is expected to generate. With investors weighing fresh news on joint ventures and leadership changes, the focus has shifted squarely to what those decisions could mean for long term cash flows. The 28.8% return over three years puts real money on the line for holders who care whether that share price is grounded in the stream of cash the...