UDR appoints Scott McCallum as investment chief. UDR stock is valued at USD 10.9 billion

Published on 10/15/2026 at 13:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

McCallum starts November 5, 2026 after a decade in real estate. UDR stock is EUR 30.35 on October 15, 2026 and Q2 revenue was USD 425.4 million.

Operating and market signals

Scott McCallum will become UDR's chief investment officer on November 5, 2026.
Second-quarter revenue was USD 425.4 million, while net profit rose to USD 69.04 million.
UDR stock traded at EUR 30.35 at 1:11 p.m. CEST at Lang & Schwarz on October 15, 2026.

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UDR Inc. (ISIN US9026531049) was trading at EUR 30.35 at Lang & Schwarz on October 15, 2026 at 1:11 p.m. CEST. On October 14, 2026, Business Wire reported that UDR had appointed Scott McCallum as executive vice president and chief investment officer, effective November 5, 2026.

Leadership change starts November 5

McCallum will report to Thomas W. Toomey, UDR's chairman, president and chief executive officer. He joins from Blackstone after a decade in real estate investments, including work in the multifamily sector, according to Business Wire.

The appointment adds investment experience to a residential REIT that owned or partly owned 60,259 apartment homes as of June 30, 2026, including 685 units under development. That portfolio scale gives the personnel change a direct connection to UDR's acquisition, development and redevelopment activity.

Three events shape the setup

UDR declared a monthly dividend of USD 0.145 per share on September 24, 2026, with three scheduled payments covering October through December record dates, according to StockTitan. On October 14, 2026, Barclays cut its target from USD 46.00 to USD 44.00 while keeping an Overweight rating, Markets Insider reported.

What follows for UDR's income?

The latest reported quarter provides the operating counterweight to the target cuts. For the second quarter ended June 30, 2026, UDR posted revenue of USD 425.4 million, unchanged from the prior year, while net profit rose to USD 69.04 million from USD 37.67 million, according to Markets Insider. The comparison points to earnings improvement without corresponding revenue growth.

Dates investors can mark

The next dated items are the October 19, 2026 record date for the monthly dividend and November 5, 2026, when McCallum is scheduled to begin as chief investment officer. Both dates tie the latest corporate announcements to near-term shareholder and management milestones.

Stock quote in euros

UDR's primary-market quote was USD 33.96 on October 14, 2026 at 4:00 p.m. ET. The same market snapshot showed a 52-week range of USD 32.94 to USD 42.00 and a market capitalization of USD 10.9 billion as of October 14, 2026.

UDR stock was trading at EUR 30.35 at Lang & Schwarz on October 15, 2026 at 1:11 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of UDR stock.