Source: UDR, Inc.'s 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026
Revenue, net income & free cash flow
Income statement
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Revenue
$11.40M
$11.48M
$11.75M
$14.05M
$5.07M
$6.10M
$5.02M
$6.84M
$8.32M
$11.36M
Operating income
$400.82M
$227.90M
$354.72M
$221.06M
$249.10M
$267.97M
$250.81M
$635.01M
$284.57M
$553.61M
Interest expense
$123.03M
$128.71M
$134.17M
$170.92M
$202.71M
$186.27M
$155.90M
$180.87M
$195.71M
$196.62M
Pre-tax income
$331.95M
$132.41M
$222.23M
$203.42M
$71.52M
$162.43M
$92.93M
$476.59M
$96.76M
$404.55M
Income tax
$11.57M
-$240.00K
$688.00K
$3.84M
$2.54M
$1.44M
$349.00K
$2.11M
$879.00K
$835.00K
Net income
$292.72M
$121.56M
$203.11M
$184.97M
$64.27M
$150.02M
$86.92M
$444.35M
$89.58M
$377.70M
EBITDA
$826.46M
$664.36M
$790.40M
$728.98M
$867.73M
$887.80M
$930.39M
$1.33B
$980.04M
$1.23B
EPS (basic)
$1.09
$0.44
$0.74
$0.63
$0.20
$0.49
$0.26
$1.34
$0.26
$1.13
EPS (diluted)
$1.08
$0.44
$0.74
$0.63
$0.20
$0.48
$0.26
$1.34
$0.26
$1.13
Diluted shares
267.31M
268.83M
269.48M
286.01M
294.93M
301.70M
322.70M
329.10M
330.12M
331.05M
Operating margin
3516.0%
1984.8%
3017.8%
1572.8%
4914.2%
4391.5%
4994.3%
9279.7%
3421.5%
4872.9%
Net margin
2567.7%
1058.7%
1728.0%
1316.0%
1267.8%
2458.5%
1730.9%
6493.5%
1077.1%
3324.6%
Balance sheet
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Cash & equivalents
$2.11M
$2.04M
$185.22M
$8.11M
$1.41M
$967.00K
$1.19M
$2.92M
$1.33M
$1.22M
Total assets
$7.68B
$7.73B
$7.71B
$9.64B
$9.64B
$10.78B
$11.04B
$11.37B
$10.90B
$10.61B
Long-term debt
$3.40B
$3.67B
$3.55B
$4.71B
$4.98B
$5.41B
$5.49B
$5.80B
$5.83B
$5.82B
Total debt
$3.40B
$3.67B
$3.55B
$4.71B
$4.98B
$5.41B
$5.49B
$5.80B
$5.83B
$5.82B
Total liabilities
$3.67B
$3.95B
$3.82B
$5.23B
$5.52B
$6.00B
$6.10B
$6.42B
$6.44B
$6.46B
Shareholders' equity
$3.09B
$2.83B
$2.91B
$3.36B
$3.23B
$3.44B
$4.10B
$3.99B
$3.44B
$3.29B
Cash flow
fiscal years · USD
Fiscal year
FY2016
FY2017
FY2018
FY2019
FY2020
FY2021
FY2022
FY2023
FY2024
FY2025
Operating cash flow
$536.57M
$518.91M
$560.68M
$630.70M
$604.32M
$663.96M
$820.07M
$832.66M
$876.85M
$902.89M
Capital expenditures
$4.44M
$1.38M
$4.85M
$167.19M
$163.10M
$156.38M
$214.83M
$295.44M
$249.89M
$252.86M
Free cash flow
$532.13M
$517.53M
$555.83M
$463.52M
$441.21M
$507.58M
$605.24M
$537.22M
$626.96M
$650.03M
Investing cash flow
-$112.72M
-$407.41M
-$113.55M
-$1.69B
-$460.84M
-$1.27B
-$929.53M
-$289.14M
-$276.35M
-$150.99M
Financing cash flow
-$429.28M
-$111.78M
-$260.07M
$880.38M
-$152.59M
$612.54M
$111.23M
-$538.85M
-$599.94M
-$750.39M
Dividends paid
$308.92M
$327.79M
$342.24M
$383.08M
$419.35M
$433.78M
$483.62M
$539.85M
$558.48M
$567.86M
Share buybacks
—
—
$19.99M
—
$19.80M
—
$49.03M
$25.01M
—
$117.81M
Stock-based compensation
$13.40M
$12.86M
$14.24M
$24.33M
$19.62M
$22.05M
$27.50M
$32.90M
$32.62M
$26.48M
Depreciation & amortization
$425.64M
$436.46M
$435.68M
$507.92M
$618.63M
$619.83M
$679.57M
$691.84M
$695.47M
$680.03M
Income statement
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Revenue
$2.38M
$1.97M
$1.99M
$2.07M
$2.29M
$2.11M
$2.40M
$2.57M
$4.28M
$2.53M
$2.47M
$3.50M
Selling, general & admin
—
$8.32M
$8.97M
$9.62M
—
$9.49M
$10.01M
$10.53M
—
—
—
—
Operating income
$94.25M
$79.76M
$68.67M
$69.86M
$66.29M
$122.19M
$77.39M
$76.36M
$277.67M
$229.81M
$115.86M
$270.19M
Interest expense
$47.35M
$48.06M
$47.81M
$50.21M
$49.62M
$47.70M
$48.66M
$50.57M
$49.68M
$48.58M
$47.64M
$48.58M
Pre-tax income
$36.05M
$46.65M
$31.40M
$23.92M
-$5.21M
$82.23M
$40.49M
$43.51M
$238.32M
$203.36M
$74.08M
$231.36M
Income tax
$93.00K
$337.00K
$386.00K
-$156.00K
$312.00K
$158.00K
$258.00K
$382.00K
$37.00K
$455.00K
$429.00K
$489.00K
Net income
$32.99M
$43.15M
$28.88M
$22.60M
-$5.04M
$76.72M
$37.67M
$40.41M
$222.90M
$189.83M
$69.03M
$216.09M
EBITDA
$269.29M
$253.93M
$243.83M
$244.16M
$238.12M
$290.66M
$247.97M
$249.29M
$445.73M
$394.41M
$279.43M
$435.24M
EPS (basic)
$0.10
$0.13
$0.08
$0.06
$-0.02
$0.23
$0.11
$0.12
$0.67
$0.58
$0.21
$0.67
EPS (diluted)
$0.10
$0.13
$0.08
$0.06
$-0.02
$0.23
$0.11
$0.12
$0.67
$0.57
$0.21
$0.67
Diluted shares
-179.00K
328.95M
329.57M
330.56M
361.00K
331.72M
331.71M
331.24M
-390.00K
330.29M
323.29M
324.01M
Operating margin
3961.7%
4059.0%
3447.1%
3371.4%
2897.2%
5785.7%
3227.2%
2971.1%
6486.0%
9090.4%
4698.2%
7719.7%
Net margin
1386.5%
2195.9%
1449.9%
1090.6%
-220.5%
3632.6%
1571.0%
1572.3%
5206.8%
7509.1%
2799.5%
6174.1%
Balance sheet
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Cash & equivalents
$2.92M
$2.12M
$2.77M
$2.29M
$1.33M
$1.25M
$1.53M
$1.19M
$1.22M
$1.30M
$1.19M
$1.18M
Total assets
$11.37B
$11.19B
$11.12B
$11.08B
$10.90B
$10.75B
$10.65B
$10.60B
$10.61B
$10.33B
$10.27B
$10.30B
Long-term debt
$5.80B
$5.76B
$5.78B
$5.87B
$5.83B
$5.81B
$5.78B
$5.83B
$5.82B
$5.66B
$5.81B
$5.76B
Total debt
$5.80B
$5.76B
$5.78B
$5.87B
$5.83B
$5.81B
$5.78B
$5.83B
$5.82B
$5.66B
$5.81B
$5.76B
Total liabilities
$6.42B
$6.33B
$6.37B
$6.47B
$6.44B
$6.36B
$6.36B
$6.45B
$6.46B
$6.23B
$6.43B
$6.37B
Shareholders' equity
$3.99B
$3.92B
$3.72B
$3.51B
$3.44B
$3.33B
$3.32B
$3.27B
$3.29B
$3.29B
$2.94B
$3.13B
Cash flow
quarters · USD
Quarter ended
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Dec 2024
Mar 2025
Jun 2025
Sep 2025
Dec 2025
Mar 2026
Jun 2026
Sep 2026
Operating cash flow
$219.07M
$167.60M
$238.46M
$230.25M
$240.54M
$156.22M
$250.33M
$234.94M
$261.41M
$128.74M
$262.18M
$201.76M
Capital expenditures
$75.10M
$52.56M
$67.32M
$68.90M
$61.10M
$52.99M
$60.26M
$70.32M
$69.29M
$43.46M
$60.72M
$67.10M
Free cash flow
$143.97M
$115.04M
$171.15M
$161.35M
$179.43M
$103.23M
$190.07M
$164.62M
$192.12M
$85.28M
$201.45M
$134.66M
Investing cash flow
-$72.91M
$18.45M
-$97.78M
-$148.26M
-$48.76M
$17.82M
-$58.75M
-$113.13M
$3.08M
$283.65M
-$57.85M
$8.09M
Financing cash flow
-$143.75M
-$188.95M
-$138.26M
-$80.83M
-$191.90M
-$176.14M
-$189.79M
-$120.67M
-$263.80M
-$414.53M
-$202.99M
-$209.02M
Dividends paid
$138.17M
$138.25M
$139.96M
$140.05M
$140.22M
$140.73M
$142.44M
$142.46M
$142.23M
$141.27M
$141.65M
$139.70M
Share buybacks
$0
—
—
—
—
—
—
$25.00M
$92.81M
$100.00M
$200.30M
$0
Stock-based compensation
$10.13M
$7.26M
$9.42M
$9.18M
$6.77M
$7.50M
$8.76M
$3.08M
$7.15M
$9.57M
$6.86M
$8.01M
Depreciation & amortization
$175.04M
$174.17M
$175.17M
$174.31M
$171.83M
$168.46M
$170.58M
$172.94M
$168.06M
$164.60M
$163.57M
$165.05M
Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.