UDR, Inc. (UDR)

UDR Income Statement

Revenue, expenses, and profitability analysis

UDR Quarterly Income Statement (USD)

Quarterly Report	TTM	03/31/2026	12/31/2025	09/30/2025	06/30/2025	03/31/2025	12/31/2024	09/30/2024	06/30/2024
Revenue	1.716B	425.849M	433.106M	431.864M	425.399M	421.948M	422.728M	420.160M	415.320M
Cost of Goods Sold	926.753M	163.764M	316.271M	137.159M	309.559M	309.774M	308.547M	317.530M	313.248M
Gross Profit	789.465M	262.085M	116.835M	294.705M	115.840M	112.174M	114.181M	102.630M	102.072M
Gross Profit Margin	61.5%	61.5%	27.0%	68.2%	27.2%	26.6%	27.0%	24.4%	24.6%
Total Operating Expenses	319.975M	32.280M	30.895M	218.349M	38.451M	-10.021M	47.893M	32.774M	33.406M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	92.920M	19.364M	30.895M	22.732M	19.929M	19.495M	25.469M	20.890M	20.136M
Operating Income (EBIT)	469.490M	229.805M	85.940M	76.356M	77.389M	122.195M	66.288M	69.856M	68.666M
Operating Margin	54.0%	54.0%	19.8%	17.7%	18.2%	29.0%	15.7%	16.6%	16.5%
Income Before Tax (EBT)	525.680M	203.359M	238.322M	43.512M	40.487M	82.229M	-5.211M	23.921M	31.399M
Interest Income	19.688M	2.434M	5.406M	3.714M	8.134M	1.921M	—	6.159M	6.498M
Interest Expense	197.494M	48.576M	49.684M	50.569M	48.665M	47.701M	80.483M	50.214M	47.811M
Other Income/Expense	56.190M	-26.446M	152.382M	-32.844M	-36.902M	-39.966M	-71.499M	-45.935M	-37.267M
Net Income	490.815M	189.831M	222.902M	40.409M	37.673M	76.720M	-5.044M	22.597M	28.883M
Income Tax Expense	1.132M	455K	37K	382K	258K	158K	312K	-156K	386K
Net Profit Margin	44.6%	44.6%	51.5%	9.4%	8.9%	18.2%	-1.2%	5.4%	7.0%
EBITDA	1.299B	416.538M	406.383M	216.447M	259.730M	298.391M	228.577M	248.440M	254.377M
EBITDA Margin	97.8%	97.8%	93.8%	50.1%	61.1%	70.7%	54.1%	59.1%	61.2%
Depreciation & Amortization	676.177M	164.603M	168.061M	172.935M	170.578M	168.461M	171.827M	174.305M	175.167M
EPS Basic	1.48	0.58	0.68	0.11	0.11	0.23	-0.02	0.07	0.08
EPS Diluted	1.46	0.57	0.67	0.11	0.11	0.23	-0.02	0.06	0.08
Shares Outstanding	327.301M	327.301M	329.226M	353.484M	330.778M	330.628M	329.290M	329.421M	329.056M
Diluted Shares Outstanding	330.294M	330.294M	332.632M	356.873M	331.715M	331.717M	331.244M	330.557M	329.572M

UDR Annual Income Statement (USD)

Annual Report	12/31/2025	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Revenue	1.712B	1.672B	1.628B	1.517B	1.291B	1.241B	1.152B	1.047B
Cost of Goods Sold	1.274B	1.255B	1.235B	1.186B	1.063B	1.027B	863.813M	760.461M
Gross Profit	438.213M	417.007M	392.523M	331.034M	228.039M	214.617M	288.380M	286.398M
Gross Profit Margin	25.6%	24.9%	24.1%	21.8%	17.7%	17.3%	25.0%	27.4%
Total Operating Expenses	115.838M	132.438M	-242.485M	80.220M	-39.929M	-34.486M	67.323M	-68.320M
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.18	0.21
Selling, General & Administrative	115.838M	84.305M	69.929M	64.144M	57.541M	49.885M	51.533M	46.983M
Operating Income (EBIT)	322.375M	284.569M	635.008M	250.814M	267.968M	249.103M	221.057M	354.718M
Operating Margin	18.8%	17.0%	39.0%	16.5%	20.8%	20.1%	19.2%	33.9%
Income Before Tax (EBT)	404.550M	96.756M	476.594M	92.928M	162.432M	71.515M	203.417M	86.033M
Interest Income	19.175M	—	17.759M	—	15.085M	6.274M	15.404M	6.735M
Interest Expense	196.619M	208.048M	180.866M	162.833M	186.267M	202.706M	170.917M	134.168M
Other Income/Expense	82.175M	-187.813M	-158.414M	-157.886M	-105.536M	-177.588M	-17.640M	-132.488M
Net Income	377.704M	89.585M	444.353M	86.924M	150.016M	64.266M	184.965M	203.106M
Income Tax Expense	835K	879K	2.106M	349K	1.439M	2.545M	3.838M	688K
Net Profit Margin	22.1%	5.4%	27.3%	5.7%	11.6%	5.2%	16.1%	19.4%
EBITDA	1.085B	1.000B	1.349B	935.333M	968.532M	892.850M	882.257M	792.077M
EBITDA Margin	63.3%	59.8%	82.9%	61.6%	75.0%	71.9%	76.6%	75.7%
Depreciation & Amortization	680.035M	695.473M	691.838M	679.572M	619.833M	618.629M	507.923M	435.679M
EPS Basic	1.13	0.26	1.34	0.26	0.49	0.20	0.63	0.76
EPS Diluted	1.13	0.26	1.34	0.26	0.48	0.20	0.63	0.75
Shares Outstanding	330.322M	329.290M	328.765M	321.671M	300.326M	294.545M	285.247M	268.179M
Diluted Shares Outstanding	331.053M	330.116M	329.104M	322.700M	301.703M	294.927M	286.015M	269.483M

Values are displayed in USD. Negative numbers shown in red.

Values are displayed in USD. Negative numbers are shown in red.

About UDR, Inc.

UDR, Inc. (NYSE: UDR), a distinguished S&P 500 company, stands as a premier multifamily real estate investment trust. The company boasts a proven history of generating exceptional and reliable returns for its investors, achieving this through the astute management, acquisition, disposition, development, and redevelopment of appealing real estate properties situated in key U.S. markets. As of September 30, 2020, UDR's extensive portfolio included ownership or partial ownership in 51,649 apartment homes, with an additional 1,031 units currently under development. With over 48 years in operation, UDR has consistently delivered long-term value to its shareholders, provided superior service to its residents, and fostered a high-quality experience for its associates.

Highlands Ranch, CO

1,419 employees

www.udr.com

Real Estate / REIT - Residential

Sector: Real Estate
Industry: REIT - Residential
CEO: Thomas W. Toomey

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