UDR, Inc. Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Rental Revenue	1,704	1,701	1,664	1,621	1,512	1,285
Property Management Fees	11.85	11.36	8.32	6.84	5.02	6.1
Other Revenue	50.11	36.59	28.34	4.69	4.95	16.75
Total Revenue	1,766	1,749	1,700	1,632	1,522	1,308
Revenue Growth (YoY	3.00%	2.87%	4.17%	7.22%	16.43%	3.77%
Property Expenses	590.29	583.77	568.77	549.36	512.42	447.78
Selling, General & Administrative	108.07	109.2	107.82	92.46	85.95	78.84
Depreciation & Amortization	669.17	680.04	695.47	691.84	679.57	619.83
Other Operating Expenses	23.3	16.94	16.91	6.89	4.39	8.65
Total Operating Expenses	1,391	1,390	1,389	1,341	1,282	1,155
Operating Income	375.51	358.96	311.22	291.65	240	152.41
Interest Expense	-196.47	-196.62	-195.71	-180.87	-155.9	-186.27
Interest & Investment Income	14.2	19.2	24.2	14.5	3.5	5.3
Other Non-Operating Income	-0.05	-0.03	-36.54	3.26	-10.43	9.69
EBT Excluding Unusual Items	193.19	181.52	103.17	128.54	77.17	-18.87
Gain (Loss) on Sale of Investments	-8.2	-8.2	-8.1	-	-	48.9
Gain (Loss) on Sale of Assets	388.09	242.91	16.87	351.19	25.49	136.05
Other Unusual Items	-13.81	-11.68	-15.18	-3.14	-9.73	-3.65
Pretax Income	559.28	404.55	96.76	476.59	92.93	162.43
Income Tax Expense	1.3	0.84	0.88	2.11	0.35	1.44
Earnings From Continuing Operations	557.97	403.72	95.88	474.49	92.58	160.99
Minority Interest in Earnings	-35.8	-26.01	-6.29	-30.14	-5.66	-10.98
Net Income	522.18	377.7	89.59	444.35	86.92	150.02
Preferred Dividends & Other Adjustments	4.87	4.84	4.84	4.85	4.41	4.23
Net Income to Common	517.31	372.87	84.75	439.51	82.51	145.79
Net Income Growth	306.90%	339.96%	-80.72%	432.66%	-43.40%	142.83%
Basic Shares Outstanding	328	330	329	329	322	300
Diluted Shares Outstanding	328	331	330	329	323	302
Shares Change	-1.03%	0.28%	0.31%	1.98%	6.96%	2.30%
EPS (Basic)	1.58	1.13	0.26	1.34	0.26	0.49
EPS (Diluted)	1.58	1.13	0.26	1.34	0.26	0.48
EPS Growth	310.18%	338.59%	-80.75%	421.16%	-46.56%	140.00%

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun '26 Jun 30, 2026	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
Dividend Per Share	1.730	1.720	1.700	1.680	1.520	1.450
Dividend Growth	1.17%	1.18%	1.19%	10.53%	4.83%	0.69%
Operating Margin	21.26%	20.52%	18.30%	17.87%	15.77%	11.66%
Profit Margin	29.29%	21.32%	4.98%	26.93%	5.42%	11.15%
EBITDA	1,041	1,035	1,003	979.98	916.17	768.74
EBITDA Margin	58.92%	59.19%	59.00%	60.04%	60.18%	58.79%
D&A For Ebitda	665.27	676.24	691.87	688.34	676.17	616.33
EBIT	375.51	358.96	311.22	291.65	240	152.41
EBIT Margin	21.26%	20.52%	18.30%	17.87%	15.77%	11.66%
Funds From Operations (FFO)	867.64	861.63	812.05	862.95	757.96	656.92
FFO Per Share	2.47	2.43	2.29	2.45	2.20	2.02
Adjusted Funds From Operations (AFFO)	-	787.77	775.24	779.15	726.97	590.75
AFFO Per Share	2.22	2.22	2.19	2.21	2.11	1.82
FFO Payout Ratio	65.42%	65.91%	68.77%	62.56%	63.81%	66.03%
Effective Tax Rate	0.23%	0.21%	0.91%	0.44%	0.38%	0.89%
Revenue as Reported	1,716	1,712	1,672	1,628	1,517	1,291

SEC Filings: 10-K · 10-Q