Institutional Filing: Cohen & Steers Reports 7.92% Stake in UDR

Rhea-AI Filing Summary

Cohen & Steers and its affiliates report substantial holdings in UDR Inc., collectively beneficially owning 26,254,346 shares, representing 7.92% of UDR's common stock. The filing breaks ownership down by reporting entity: Cohen & Steers, Inc. shows 19,836,409 shares of sole voting power and 26,254,346 shares of sole dispositive power; Cohen & Steers Capital Management, Inc. reports 19,799,533 shares of sole voting power and 26,071,695 shares of sole dispositive power.

The filing identifies smaller holdings by international affiliates—Cohen & Steers UK Ltd (155,608 shares, 0.05%); Cohen & Steers Ireland Ltd (27,043 shares, 0.01%); Cohen & Steers Asia Ltd reports 0 shares. The registrants state these securities are held for the benefit of account holders and certify the holdings were acquired and are held in the ordinary course of business and not to influence control of the issuer. The parent-company relationship among the filers is disclosed (100% ownership of the subsidiaries).

Insights

Financial Analyst

TL;DR: Significant institutional stake disclosed—26.25M shares (7.92%) with clear voting and dispositive power breakdowns.

The filing documents a material passive position by Cohen & Steers and its investment-adviser affiliates in UDR. Aggregate ownership of 26,254,346 shares (7.92%) is large enough to be noticed by investors and proxy advisors but the document explicitly states the holdings are managed for account holders and not intended to change control. The split between sole voting power (~19.8M shares) and sole dispositive power (~26.25M shares) indicates the filers retain full authority to direct sales while voting authority is concentrated in a slightly smaller share count. For valuation or liquidity analysis, this disclosure signals a meaningful institutional holder without an announced activist intent.

Corporate Governance Expert

TL;DR: Ownership disclosure is material for governance monitoring but the filer certifies no control intent.

The Schedule 13G/A clarifies that Cohen & Steers, Inc. is the parent and holds 100% interest in the listed subsidiaries, which together disclose aggregated beneficial ownership positions in UDR. The filing includes explicit certifications that the shares are held in the ordinary course of business and not for the purpose of changing or influencing control, a key statement for boards and governance teams assessing potential activist risks. The presence of a single large institutional holder with combined dispositive power exceeding voting power is noteworthy for proxy preparation and shareholder communication planning.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 22)

UDR Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

902653104

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. 902653104

1

Names of Reporting Persons

COHEN & STEERS, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 19,836,409.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 26,254,346.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

26,254,346.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.92 %

12

Type of Reporting Person (See Instructions)

CO, HC

SCHEDULE 13G

CUSIP No. 902653104

1

Names of Reporting Persons

Cohen & Steers Capital Management, Inc.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 19,799,533.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 26,071,695.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

26,071,695.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.87 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP No. 902653104

1

Names of Reporting Persons

Cohen & Steers UK Ltd

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 9,833.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 155,608.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

155,608.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.05 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP No. 902653104

1

Names of Reporting Persons

Cohen & Steers Asia Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

HONG KONG

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

CO, IA

SCHEDULE 13G

CUSIP No. 902653104

1

Names of Reporting Persons

Cohen & Steers Ireland Limited

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

IRELAND

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 27,043.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 27,043.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

27,043.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0.01 %

12

Type of Reporting Person (See Instructions)

CO, FI

SCHEDULE 13G

Item 1.
(a)	Name of issuer: UDR Inc.
(b)	Address of issuer's principal executive offices: 1745 Shea Center Drive, Suite 200, Highlands Ranch, Colorado, 80129
Item 2.
(a)	Name of person filing: Cohen & Steers, Inc. Cohen & Steers Capital Management, Inc. Cohen & Steers UK Ltd Cohen & Steers Asia Ltd Cohen & Steers Ireland Ltd
(b)	Address or principal business office or, if none, residence: The principal address for Cohen & Steers, Inc. and Cohen & Steers Capital Management, Inc. is: 1166 Avenue of the Americas, 30th Floor New York, NY 10036 The principal address for Cohen & Steers UK Ltd. is: The Burlian, 2nd floor, 3 Dering Street, London W1S 1AA United Kingdom The principal address for Cohen & Steers Asia Ltd. is: 3301B, 33rd Floor, The Henderson 2 Murray Road Central, Hong Kong The principal address for Cohen & Steers Ireland Ltd. is: Suite G01 81 Merrion Square South Dublin 2 D02 NR12 Ireland
(c)	Citizenship: Cohen & Steers, Inc: Delaware corporation Cohen & Steers Capital Management, Inc: New York corporation Cohen & Steers UK Ltd: United Kingdom Private Limited Company Cohen & Steers Asia Ltd: Asia Private Limited Company Cohen & Steers Ireland Ltd: Ireland Private Limited Company
(d)	Title of class of securities: Common Stock
(e)	CUSIP No.: 902653104
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
	Corporation
Item 4.	Ownership
(a)	Amount beneficially owned: See row 9 on cover sheet
(b)	Percent of class: See row 11 on cover sheet
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See row 5 on cover sheet
	(ii) Shared power to vote or to direct the vote: See row 6 on cover sheet
	(iii) Sole power to dispose or to direct the disposition of: See row 7 on cover sheet
	(iv) Shared power to dispose or to direct the disposition of: See row 8 on cover sheet
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. Each of Cohen & Steers Capital Management, Inc., Cohen & Steers UK Ltd., Cohen & Steers Asia Ltd. and Cohen & Steers Ireland Ltd. holds the securities of the Issuer to which this statement relates for the benefit of their respective account holders. Such account holders have the right to receive or the power to direct the receipt of dividends from, or proceeds from the sale of, the securities of the Issuer that are held on their behalf.
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. Cohen & Steers, Inc. holds a 100% interest in Cohen & Steers Capital Management, Inc., Cohen & Steers UK Ltd., Cohen & Steers Asia Ltd. (investment advisors registered under Section 203 of the Investment Advisers Act) and Cohen & Steers Ireland Ltd. (a non-US institution).
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11. By signing below I certify that, to the best of my knowledge and belief, the foreign regulatory scheme applicable to Corporation is substantially comparable to the regulatory scheme applicable to the functionally equivalent U.S. institution(s). I also undertake to furnish to the Commission staff, upon request, information that would otherwise be disclosed in a Schedule 13D.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

COHEN & STEERS, INC.

Signature:	/s/ Nargis Hilal
Name/Title:	Nargis Hilal, SVP, Global Chief Compliance Officer & Associate General Counsel
Date:	08/14/2025

Cohen & Steers Capital Management, Inc.

Signature:	/s/ Nargis Hilal
Name/Title:	Nargis Hilal, SVP, Global Chief Compliance Officer & Associate General Counsel
Date:	08/14/2025

Cohen & Steers UK Ltd

Signature:	/s/ Natalie Okorie
Name/Title:	Natalie Okorie, VP, Compliance Officer
Date:	08/14/2025

Cohen & Steers Asia Limited

Signature:	/s/ Catherine Cheng
Name/Title:	Catherine Cheng, VP, Compliance Officer
Date:	08/14/2025

Cohen & Steers Ireland Limited

Signature:	/s/ Alan Cooper
Name/Title:	Alan Cooper, VP, Compliance Officer
Date:	08/14/2025

FAQ

How many UDR shares does Cohen & Steers beneficially own?

Cohen & Steers and affiliates report aggregate beneficial ownership of 26,254,346 UDR shares, representing 7.92% of the common stock.

Which Cohen & Steers entity holds the largest voting power in UDR?

Cohen & Steers, Inc. reports the largest sole voting power at 19,836,409 shares.

Does the filing indicate the shares are held to influence control of UDR?

The filers certify the securities are held in the ordinary course of business and were not acquired and are not held for the purpose of changing or influencing control of the issuer.

What holdings do international Cohen & Steers affiliates report?

Cohen & Steers UK Ltd reports 155,608 shares (0.05%); Cohen & Steers Ireland Ltd reports 27,043 shares (0.01%); Cohen & Steers Asia Ltd reports 0 shares.

Who signed the Schedule 13G/A on behalf of the filers?

Authorized compliance officers from the filers signed the document; signatures include individuals identified as compliance officers and counsel (names appear on the filing).