Logo

UDR

UDR, Inc.

UDR

UDR, Inc. • NYSE
$36.42 ▲ 0.91% (+0.33)
Market Cap $12.04 B
52w High $46.47
52w Low $32.94
Dividend Yield 1.72%
P/E 82.77
Volume 1.45M
Outstanding Shares 330.49M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $431.864M ▲ $218.349M ▲ $40.409M ▲ 9.357% ▲ $0.11 $216.447M ▼
Q2-2025 $425.399M ▲ $38.451M ▲ $37.673M ▼ 8.856% ▼ $0.11 ▼ $259.73M ▼
Q1-2025 $421.948M ▼ $-10.021M ▼ $76.72M ▲ 18.182% ▲ $0.23 ▲ $298.391M ▲
Q4-2024 $422.728M ▲ $47.893M ▲ $-5.044M ▼ -1.193% ▼ $-0.019 ▼ $228.577M ▼
Q3-2024 $420.16M $32.774M $22.597M 5.378% $0.065 $248.44M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.194M ▼ $10.602B ▼ $6.45B ▲ $3.275B ▼
Q2-2025 $1.532M ▲ $10.647B ▼ $6.364B ▲ $3.325B ▼
Q1-2025 $1.25M ▼ $10.745B ▼ $6.357B ▼ $3.331B ▼
Q4-2024 $1.326M ▼ $10.898B ▼ $6.437B ▼ $3.443B ▼
Q3-2024 $2.285M $11.08B $6.467B $3.514B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $43.13M ▲ $234.935M ▼ $-113.127M ▼ $-120.671M ▲ $1.137M ▼ $163.657M ▼
Q2-2025 $40.229M ▼ $250.329M ▲ $-58.754M ▼ $-189.787M ▼ $1.788M ▲ $170.321M ▲
Q1-2025 $82.071M ▲ $156.216M ▼ $17.816M ▲ $-176.138M ▲ $-2.106M ▼ $94.349M ▼
Q4-2024 $-5.523M ▼ $240.536M ▲ $-48.758M ▲ $-191.903M ▼ $-125K ▼ $173.936M ▲
Q3-2024 $24.077M $230.251M $-148.258M $-80.827M $1.166M $155.953M

Revenue by Products

Product Q2-2018Q3-2018Q4-2018Q1-2019
Management Service
Management Service
 $0 ▲$0 ▲$0 ▲$0 ▲
Non Mature Communities Other
Non Mature Communities Other
 $20.00M ▲$20.00M ▲$40.00M ▲$0 ▼
Total Communities
Total Communities
 $260.00M ▲$260.00M ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement UDR’s revenue has grown steadily over the past five years, showing a business that continues to expand its rental base and pricing power. Property-level profitability has improved, with operating performance generally stronger than at the start of the period. However, net income has been volatile, with one standout year followed by a return to more modest profit levels. That pattern suggests that one-time items and market conditions can significantly affect reported earnings, even while the underlying rental engine looks relatively stable and gradually improving.

Balance Sheet

Balance Sheet The balance sheet shows a large, property-heavy company funded by a meaningful amount of debt and equity, which is typical for a residential REIT. Assets have inched up over time as the portfolio has grown, while debt has also crept higher, pointing to ongoing reliance on borrowing to finance properties. Equity had built up but then stepped down recently, hinting at pressure from market moves, payouts, or valuation adjustments. Overall, leverage looks material but not extreme for the sector, putting a spotlight on interest rate risk and access to capital markets as key factors to watch.

Cash Flow

Cash Flow Cash generation from operations has trended upward in a fairly steady way, which is a positive sign for the durability of the rental cash flows. After funding regular investment in properties, UDR still produces solid free cash flow, and that surplus has generally grown over time. Capital spending appears disciplined rather than aggressive, indicating a balance between maintaining and enhancing the portfolio and preserving cash. This pattern supports the idea that UDR can both invest in its assets and fund shareholder distributions, assuming operating trends hold up and financing conditions remain reasonable.

Competitive Edge

Competitive Edge UDR operates in the relatively stable but competitive world of apartment REITs, and its edge comes less from owning buildings and more from how it runs them. The company has a diversified portfolio across attractive urban and suburban markets, which helps smooth out regional swings in demand. Its centralized, tech-enabled operating model is designed to keep costs lower and service more consistent than traditional property-by-property approaches. Being an early mover in property technology and data-driven decision-making strengthens its position, but it still faces the usual pressures of the sector: new supply in key markets, shifting migration patterns, rent regulation risks, and sensitivity to the economic cycle.

Innovation and R&D

Innovation and R&D UDR stands out in residential real estate for treating technology as a core capability rather than an add-on. Its “Next Generation Operating Platform” ties together centralized operations, AI-driven leasing tools, smart home features, and data analytics to streamline staffing, improve resident experience, and optimize pricing and investments. AI chatbots and renter-focused CRM tools aim to reduce costs and speed up leasing decisions, while smart building and energy platforms support sustainability and operating efficiency. Looking ahead, deeper use of AI, more unstaffed or lightly staffed properties, and continued proptech partnerships could further widen UDR’s efficiency gap—though this also introduces execution, integration, and cybersecurity risks that will need careful management.

Summary

Overall, UDR combines a gradually improving income profile and healthy cash generation with a balance sheet that uses significant, but typical, leverage for a REIT. Earnings can swing from year to year, yet the underlying rental cash flows appear more stable than the reported net income might suggest. What differentiates UDR is its consistent push to run apartments like a tech-enabled service business, using data, AI, and centralization to cut costs and enhance the resident experience. Key things to monitor going forward include how higher interest rates and capital costs affect its debt load, how well its technology investments continue to translate into real cost and service advantages, and how resilient demand remains across its markets if economic or regulatory conditions shift.

NEWS

November 10, 2025 · 4:05 PM UTC

Federal Realty Appoints Joseph D. Fisher to Board of Trustees

Read more

October 29, 2025 · 4:16 PM UTC

UDR, Inc. Announces Third Quarter 2025 Results and Updates Full-Year 2025 Guidance Ranges

Read more

October 14, 2025 · 5:05 PM UTC

UDR, Inc. Publishes Seventh Annual Corporate Responsibility Report and Related Corporate Responsibility Presentation

Read more

October 8, 2025 · 4:16 PM UTC

UDR, Inc. Announces Dates for Third Quarter 2025 Earnings Release, Webcast, and Conference Call

Read more

October 7, 2025 · 4:16 PM UTC

UDR, Inc. Appoints Richard B. Clark to Board of Directors

Read more