Tom Toomey

Tom Toomey leads UDR Inc as President and CEO, overseeing one of America's leading apartment REITs with approximately 60,000 apartment homes across premium U.S. markets. UDR's portfolio is concentrated in high-demand coastal and Sun Belt markets including Washington D.C., Boston, the New York metro area, Dallas, Denver, San Francisco, Seattle, and Orange County. The apartment REIT business model benefits from fundamental demographic and economic trends: rising home prices and mortgage rates making homeownership less affordable, millennials and Gen-Z preferring urban rental living, and population growth in Sun Belt markets. UDR differentiates through technology-driven property management, value-add renovation programs that increase rents on older units, and a diversified geographic footprint. As a REIT, UDR distributes substantially all taxable income as dividends. Key stock drivers include same-store revenue and NOI growth, occupancy rates and rent growth across markets, new apartment supply deliveries in key markets, interest rate movements affecting both borrowing costs and cap rates, acquisition and development pipeline, operating expense management, and broader housing affordability trends that drive rental demand.