UDR, Inc. income statement
In fiscal 2025, UDR, Inc. reported revenue of $1.71bn, up 2.4% on the year before, operating income of $554m (a 32.3% margin) and net income of $378m, or $1.13 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Dec 2009 | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 562 | 525 | 623 | 717 | 759 | 818 | 872 | 960 | 996 | 1,047 | 1,152 | 1,241 | 1,291 | 1,517 | 1,628 | 1,672 | 1,712 | 1,716 |
| General and administrative | — | — | — | — | 42 | 48 | 60 | 50 | 49 | 47 | 52 | 50 | 58 | 64 | 70 | 84 | 85 | 84 |
| Operating income | −79 | −116 | 22 | 67 | 117 | 127 | 160 | 401 | 228 | 355 | 221 | 249 | 268 | 251 | 635 | 285 | 554 | 700 |
| Interest expense | 135 | 139 | 156 | 139 | 126 | 130 | 122 | 123 | 129 | 134 | 171 | 203 | 186 | 156 | 181 | 196 | 197 | 196 |
| Provision for credit losses | — | — | — | — | — | — | — | — | — | — | — | 2 | 1 | 0 | 1 | 37 | −0 | 0 |
| Income before tax | — | — | −133 | −77 | −5 | 1 | 102 | 332 | 132 | 222 | 203 | 72 | 162 | 93 | 477 | 97 | 405 | 559 |
| Income tax | 0 | −3 | 8 | −21 | −8 | −15 | −4 | 12 | −0 | 1 | 4 | 3 | 1 | 0 | 2 | 1 | 1 | 1 |
| Net income | −88 | −103 | 20 | 212 | 45 | 154 | 340 | 293 | 122 | 203 | 185 | 64 | 150 | 87 | 444 | 90 | 378 | 522 |
| Diluted EPS | −$0.64 | −$0.68 | $0.05 | $0.85 | $0.16 | $0.59 | $1.29 | $1.08 | $0.44 | $0.74 | $0.63 | $0.20 | $0.48 | $0.26 | $1.34 | $0.26 | $1.13 | $1.59 |
| Diluted shares (average) | 149m | 166m | 201m | 239m | 250m | 253m | 264m | 267m | 269m | 269m | 286m | 295m | 302m | 323m | 329m | 330m | 331m | 329m |
| EBITDA | 205 | 192 | 397 | 422 | 465 | 491 | 541 | 826 | 664 | 790 | 729 | 868 | 888 | 930 | 1,327 | 980 | 1,234 | 1,203 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 420 | 423 | 422 | 425 | 432 | 433 | 426 | 425 |
| Selling, general and administrative | 10 | — | 9 | 10 | 11 | — | — | — |
| General and administrative | — | 25 | — | — | — | 23 | 19 | 19 |
| Operating income | 70 | 66 | 122 | 77 | 76 | 278 | 230 | 116 |
| Interest expense | 50 | 50 | 48 | 49 | 51 | 50 | 49 | 48 |
| Provision for credit losses | 0 | 37 | 0 | −0 | 0 | 0 | 0 | 0 |
| Income before tax | 24 | −5 | 82 | 40 | 44 | 238 | 203 | 74 |
| Income tax | −0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | 23 | −5 | 77 | 38 | 40 | 223 | 190 | 69 |
| Diluted EPS | $0.06 | −$0.02 | $0.23 | $0.11 | $0.12 | $0.67 | $0.57 | $0.21 |
| EBITDA | 74 | 238 | 291 | 85 | 83 | 446 | 394 | 279 |
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