UDR financial statements
The full income statement, balance sheet, and cash-flow statement for UDR Inc. (UDR), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Financial overview#
Operating income
5Y CAGR +17.3%10Y CAGR +13.2%YoY +253.9%Net income
5Y CAGR +42.5%10Y CAGR +1.0%YoY +434.8%EPS (diluted)
5Y CAGR +41.4%10Y CAGR −1.3%YoY +458.3%Operating cash flow
5Y CAGR +8.4%10Y CAGR +7.0%YoY −14.1%Capital expenditure
5Y CAGR −7.4%10Y CAGR +8.1%YoY +21.9%Free cash flow
5Y n/m10Y CAGR +5.9%YoY −32.5%Shares (diluted)
5Y +12.2%10Y +25.5%YoY −2.2%Dividend per share
5Y CAGR +3.6%10Y CAGR +4.5%YoY +1.2%Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.71B+2.4% | 1.67B+2.7% | 1.63B+7.3% | 1.52B+17.6% | 1.29B+4.0% | ||
| Lease income | 1.70B+2.3% | 1.66B+2.6% | 1.62B+7.2% | 1.51B+17.7% | 1.28B+3.9% | |
| Selling, general & administrative | 85.1M+0.9% | 84.3M+20.6% | 69.9M+9.0% | 64.1M+11.5% | 57.5M+15.3% | |
| General & administrative | 85.1M+0.9% | 84.3M+20.6% | 69.9M+9.0% | 64.1M+11.5% | 57.5M+15.3% | |
| Operating income | 554M+94.5% | 285M-55.2% | 635M+153.2% | 251M-6.4% | 268M+7.6% | |
| Interest expense | 197M+0.5% | 196M+8.2% | 181M+16.0% | 156M-16.3% | 186M-8.1% | |
| Other non-operating income | 19.2M+255.4% | -12.3M-169.5% | 17.8M+356.2% | -6.93M-146.0% | 15.1M+140.4% | |
| Equity-method income | 28.4M+40.3% | 20.2M+331.2% | 4.69M-5.1% | 4.95M-92.5% | 65.6M+248.4% | |
| Pre-tax income | 405M+318.1% | 96.8M-79.7% | 477M+412.9% | 92.9M-42.8% | 162M+127.1% | |
| Income tax | 835K-5.0% | 879K-58.3% | 2.11M+503.4% | 349K-75.7% | 1.44M-43.5% | |
| 378M+321.6% | 89.6M-79.8% | 444M+411.2% | 86.9M-42.1% | 150M+133.4% | ||
| Net income to non-controlling interest | 26.0M+313.4% | 6.29M-79.1% | 30.1M+432.9% | 5.66M-48.5% | 11.0M+133.4% | |
| Preferred dividends | 4.84M+0.1% | 4.83M-0.3% | 4.85M+9.9% | 4.41M+4.3% | 4.23M-0.0% | |
| Net income to common | 373M+340.0% | 84.8M-80.7% | 440M+432.7% | 82.5M-43.4% | 146M+142.8% | |
| $1.13+334.6% | $0.26-80.6% | $1.34+415.4% | $0.26-45.8% | $0.48+140.0% | ||
| EPS (basic) | $1.13+334.6% | $0.26-80.6% | $1.34+415.4% | $0.26-46.9% | $0.49+145.0% | |
| Weighted-avg shares (basic) | 330M+0.3% | 329M+0.2% | 329M+2.2% | 322M+7.1% | 300M+2.0% | |
| Weighted-avg shares (diluted) | 331M+0.3% | 330M+0.3% | 329M+2.0% | 323M+7.0% | 302M+2.3% | |
| Dividends per share | $1.72+1.2% | $1.70+1.2% | $1.68+10.5% | $1.52+4.8% | $1.45+0.7% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Cash & equivalents | 1.22M-7.8% | 1.33M-54.6% | 2.92M+144.9% | 1.19M+23.4% | 967K-31.4% | |
| 10.6B-2.7% | 10.9B-4.2% | 11.4B+3.0% | 11.0B+2.4% | 10.8B+11.8% | ||
| Operating lease right-of-use | 188M+0.3% | 187M-1.9% | 191M-1.8% | 194M-1.7% | 197M-1.7% | |
| Intangible assets | 21.6M-30.3% | 31.0M-32.3% | 45.9M+13.8% | 40.3M-35.7% | 62.7M+67.5% | |
| 6.46B+0.3% | 6.44B+0.2% | 6.42B+5.3% | 6.10B+1.6% | 6.00B+8.7% | ||
| Long-term debt | 5.82B-0.1% | 5.83B+0.5% | 5.80B+5.7% | 5.49B+1.4% | 5.41B+8.8% | |
| Operating lease liability (total) | 183M+0.4% | 182M-1.9% | 186M-1.8% | 189M-1.7% | 192M-1.6% | |
| 3.29B-4.5% | 3.44B-13.7% | 3.99B-2.6% | 4.10B+19.0% | 3.44B+6.5% | ||
| Common stock | 3.28M-0.8% | 3.31M+0.6% | 3.29M+0.0% | 3.29M+3.4% | 3.18M+7.2% | |
| Additional paid-in capital | 7.48B-1.2% | 7.57B+1.1% | 7.49B-0.0% | 7.49B+8.8% | 6.88B+17.1% | |
| Accumulated other comprehensive income | 1.66M-54.4% | 3.64M-26.0% | 4.91M-41.1% | 8.34M+295.8% | -4.26M+53.4% | |
| Non-controlling interest | 335K+0.0% | 335K+59.5% | 210K+0.0% | 210K-99.3% | 31.4M+28.9% | |
| Total equity incl. non-controlling | 3.29B-4.5% | 3.44B-13.7% | 3.99B-2.6% | 4.10B+18.0% | 3.47B+6.6% | |
| Total liabilities & equity | 10.6B-2.7% | 10.9B-4.2% | 11.4B+3.0% | 11.0B+2.4% | 10.8B+11.8% | |
| Common shares issued | 328M-0.8% | 331M+0.6% | 329M+0.0% | 329M+3.4% | 318M+7.3% | |
| Common shares outstanding | 328M-0.8% | 331M+0.6% | 329M+0.0% | 329M+3.4% | 318M+7.3% | |
| Shares outstanding (cover) | 329M-0.8% | 331M+0.6% | 329M+0.0% | 329M+3.4% | 318M+7.2% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 903M+3.0% | 877M+5.3% | 833M+1.5% | 820M+23.5% | 664M+9.9% | ||
| Depreciation & amortization | 680M-2.2% | 695M+0.5% | 692M+1.8% | 680M+9.6% | 620M+0.2% | |
| Share-based compensation | 26.5M-18.8% | 32.6M-0.8% | 32.9M+19.6% | 27.5M+24.7% | 22.1M+12.4% | |
| Other operating activities | 32.5M+19.9% | 27.1M+198.2% | 9.09M-71.3% | 31.7M+65.2% | 19.2M+57.3% | |
| -151M+45.4% | -276M+4.4% | -289M+68.9% | -930M+26.9% | -1.27B-176.1% | ||
| Capital expenditure | 480M | — | 486M-37.3% | 775M-51.2% | 1.59B+126.0% | |
| Free cash flow | 423M | — | 347M+672.1% | 44.9M+104.9% | -925M-835.7% | |
| Acquisitions | 0.00 | — | — | 0.00 | 0.00 | |
| -750M-25.1% | -600M-11.3% | -539M-584.4% | 111M-81.8% | 613M+501.4% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00+100.0% | -551K-100.1% | 630M-30.0% | 899M+779.4% | |
| Common stock repurchased | 118M | 0.00-100.0% | 25.0M-49.0% | 49.0M | 0.00-100.0% | |
| Dividends paid | 568M+1.7% | 558M+3.5% | 540M+11.6% | 484M+11.5% | 434M+3.4% | |
| Other financing activities | -14.0M+41.0% | -23.7M-39.1% | -17.0M+30.0% | -24.4M-51.7% | -16.1M-26.1% | |
| Interest paid | 191M-0.8% | 192M+4.3% | 184M+18.9% | 155M+13.1% | 137M-14.1% | |
| Income taxes paid | 1.37M+31.5% | 1.04M-45.4% | 1.91M+66.9% | 1.15M-76.0% | 4.78M+364.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 12.0B-16.2% | 14.4B+14.0% | 12.6B-0.1% | 12.6B-33.9% | 19.1B+67.4% | |
| P/E | 31.9×-80.1% | 160.3×+480.3% | 27.6×-65.0% | 78.9×-38.0% | 127.2×-28.3% | |
| P/S | 7.0×-18.1% | 8.6×+10.1% | 7.8×-9.3% | 8.6×-41.8% | 14.8×+61.0% | |
| P/B | 3.7×-12.2% | 4.2×+37.5% | 3.0×-4.9% | 3.2×-42.4% | 5.5×+57.3% | |
| P/FCF | 28.5× | — | 37.0× | — | — | |
| Earnings yield | 3.1%+402.9% | 0.62%-82.8% | 3.6%+185.5% | 1.3%+61.3% | 0.79%+39.4% | |
| FCF yield | 3.5% | — | 2.7% | — | — | |
| Dividend yield | 4.7%+19.7% | 3.9%-10.7% | 4.4%+11.8% | 3.9%+62.4% | 2.4%-35.5% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: UDR’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all UDR filings on SEC EDGAR → Not investment advice.
