Thank you for your kind words. Since I posted, I have done further research and decided to sell my shares. There isn't anything wrong with UDR. I just have crunched the numbers and feel that their performance is not as good as I would like to see in terms of the financials. Typically, I'm more of a growth-oriented investor, and have only owned this as a 'defensive' position. However, I feel that there are other REITs that are a bit more attractive--such as ticket
symbol O, which pays dividends monthly.
Thanks very much for posting this! I own a small position and have for probably 15 yrs. There's been a fair appreciation over that time and a solid dividend. If I recall correctly, it was a Valueline write up that got me into this. Good for you for doing 'boots on the ground' research!