UDR, Inc. Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	1,701	1,664	1,621	1,512	1,285
Service and Other Revenue	11.36	8.32	6.84	5.02	6.1
Revenue	1,712	1,672	1,628	1,517	1,291
Revenue Growth (YoY)	2.42%	2.72%	7.26%	17.56%	4.00%
Property Expenses	390.99	377.05	346.63	316.96	278.28
Total Property Expenses	390.99	377.05	346.63	316.96	278.28
Property Taxes	233.82	232.13	232.15	221.66	199.45
Gross Profit	1,088	1,063	1,049	978.77	813.04
Selling, General & Admin	85.1	84.31	69.93	64.14	57.54
Depreciation & Amortization Expenses	680.04	695.47	691.84	679.57	619.83
Other Operating Expenses	11.68	15.18	3.14	9.73	3.75
Operating Income	553.61	284.57	635.01	250.81	267.97
Net Gains on Disposal of Properties	242.91	16.87	351.19	25.49	136.05
Interest Income	47.56	7.9	22.45	-1.99	80.73
Interest Expense	196.62	195.71	180.87	155.9	186.27
Total Non-Operating Income (Expense)	487.1	220.48	554.51	179.41	403.05
Pretax Income	404.55	96.76	476.59	92.93	162.43
Provision for Income Taxes	0.84	0.88	2.11	0.35	1.44
Net Income	372.87	84.75	439.51	82.51	145.79
Minority Interest in Earnings	26.01	6.29	30.14	5.66	10.98
Net Income Attributable to Preferred Dividends	4.84	4.84	4.85	4.41	4.23
Net Income to Common	372.87	84.75	439.51	82.51	145.79
Net Income Growth	339.96%	-80.72%	432.66%	-43.40%	142.83%
Shares Outstanding (Basic)	330	329	329	-	-
Shares Outstanding (Diluted)	331	330	329	-	-
Shares Change (YoY)	0.28%	0.31%	-	-	-
EPS (Basic)	1.13	0.26	1.34	-	-
EPS (Diluted)	1.13	0.26	1.34	-	-
EPS Growth	334.62%	-80.60%	-	-	-
Free Cash Flow	423.08	537.63	346.59	65.27	-925.1
Free Cash Flow Growth	-21.31%	55.12%	431.04%	-	-
Free Cash Flow Per Share	1.28	1.63	1.05	-	-
Dividends Per Share	1.720	1.700	1.680	1.520	1.450
Dividend Growth	1.18%	1.19%	10.53%	4.83%	0.69%
Gross Margin	63.51%	63.56%	64.44%	64.50%	62.99%
Operating Margin	32.33%	17.02%	39.02%	16.53%	20.76%
Profit Margin	23.58%	5.73%	29.15%	6.10%	12.47%
FCF Margin	24.71%	32.16%	21.30%	4.30%	-71.67%
EBITDA	1,234	980.04	1,327	930.39	887.8
EBITDA Margin	72.05%	58.62%	81.53%	61.32%	68.78%
EBIT	553.61	284.57	635.01	250.81	267.97
EBIT Margin	32.33%	17.02%	39.02%	16.53%	20.76%
Effective Tax Rate	0.21%	0.91%	0.44%	0.38%	0.89%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q