12 Best Self Storage and Apartment Stocks to Invest In

6. UDR, Inc. (NYSE:UDR)

Number of Hedge Fund Holders: 29

UDR, Inc. (NYSE:UDR) is a real estate investment trust (REIT) that owns, acquires, develops, and manages apartment communities in the United States. By the end of 2024, the company owned or had an ownership position in more than 60,000 apartment homes. UDR, Inc. (NYSE:UDR) ranks among the best apartment stocks to invest in according to hedge funds.

During the fourth quarter of 2024, the company strategically prioritized occupancy and this led to an increase in occupancy. Throughout the quarter, UDR, Inc. (NYSE:UDR) reported a steady increase in occupancy each month, resulting in a 50 basis point sequential improvement compared to the third quarter of 2024. As of early February 2025, UDR, Inc. (NYSE:UDR) has maintained an occupancy rate above 97%, which is about 30 basis points higher than the average for Q4 2024.

To grow its 2025 same-store revenue, the company is strategically focused on innovation and operational improvements. UDR, Inc. (NYSE:UDR) expects that the primary drivers for this growth will be the continued installation of property-wide Wi-Fi, additional property upgrades like enhanced package locker systems, customer retention, and reduced fraud. To combat fraud, UDR, Inc. (NYSE:UDR) implemented a range of AI-based detection measures, process improvements, and credit threshold reviews in mid-2024 to improve its resident screening.