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UDR, Inc. cash flow statement

In fiscal 2025, UDR, Inc.'s operations generated $903m of cash; it spent $253m on capital projects, leaving free cash flow of $650m. It returned $568m in dividends and $118m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2009Dec 20092010Dec 20102011Dec 20112012Dec 20122013Dec 20132014Dec 20142015Dec 20152016Dec 20162017Dec 20172018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Cash from operations229214251327340397459537519561631604664820833877903887
Depreciation and amortisation284308374355348364381426436436508619620680692695680503
Stock-based pay———21014181313142420222833332627
Capital spending64138854415167163156215295250253244
Free cash flow223210238319332392455532518556464441508605537627650643
Free cash flow after stock pay———317323378437519505542439422486578504594624617
Dividends paid145121150207232256283309328342383419434484540558568568
Share buybacks1————————20—20—4925—118418
Shares issued674688807560100210173—300725102899630−1———

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from UDR, Inc.'s SEC filings (10-K and 10-Q), retrieved October 20, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to UDR, Inc.