UDR (UDR) financial statements
UDR reported revenue of $11M in fiscal 2025, down 0.0% a year over 9 years.
Net income was $378M and the operating margin 4872.9%, against 3516.0% in 2016.
Free cash flow was $650M, and the company returned $568M in dividends and $118M in net buybacks.
The diluted share count rose 24% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from UDR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11M | $11M | $12M | $14M | $5M | $6M | $5M | $7M | $8M | $11M |
| Selling, general and admin | $50M | $49M | $47M | $52M | $50M | $58M | $64M | $70M | $84M | $85M |
| Operating income | $401M | $228M | $355M | $221M | $249M | $268M | $251M | $635M | $285M | $554M |
| Interest expense | $123M | $129M | $134M | $171M | $203M | $186M | $156M | $181M | $196M | $197M |
| Pre-tax income | $332M | $132M | $222M | $203M | $72M | $162M | $93M | $477M | $97M | $405M |
| Income tax | $12M | -$240,000 | $688,000 | $4M | $3M | $1M | $349,000 | $2M | $879,000 | $835,000 |
| Net income | $293M | $122M | $203M | $185M | $64M | $150M | $87M | $444M | $90M | $378M |
| EPS (diluted) | $1.08 | $0.44 | $0.74 | $0.63 | $0.20 | $0.48 | $0.26 | $1.34 | $0.26 | $1.13 |
| Diluted shares | 267M | 269M | 269M | 286M | 295M | 302M | 323M | 329M | 330M | 331M |
| Operating margin | 3516.0% | 1984.8% | 3017.8% | 1572.8% | 4914.2% | 4391.5% | 4994.3% | 9279.7% | 3421.5% | 4872.9% |
| Net margin | 2567.7% | 1058.7% | 1728.0% | 1316.0% | 1267.8% | 2458.5% | 1730.9% | 6493.5% | 1077.1% | 3324.6% |
Balance sheet
Fiscal years, from UDR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $2M | $2M | $185M | $8M | $1M | $967,000 | $1M | $3M | $1M | $1M |
| Total assets | $7.7B | $7.7B | $7.7B | $9.6B | $9.6B | $10.8B | $11.0B | $11.4B | $10.9B | $10.6B |
| Total liabilities | $3.7B | $3.9B | $3.8B | $5.2B | $5.5B | $6.0B | $6.1B | $6.4B | $6.4B | $6.5B |
| Shareholders' equity | $3.1B | $2.8B | $2.9B | $3.4B | $3.2B | $3.4B | $4.1B | $4.0B | $3.4B | $3.3B |
| Net debt | -$2M | -$2M | -$185M | -$8M | -$1M | -$967,000 | -$1M | -$3M | -$1M | -$1M |
Cash flow
Fiscal years, from UDR's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $537M | $519M | $561M | $631M | $604M | $664M | $820M | $833M | $877M | $903M |
| Capital spending | $4M | $1M | $5M | $167M | $163M | $156M | $215M | $295M | $250M | $253M |
| Free cash flow | $532M | $518M | $556M | $464M | $441M | $508M | $605M | $537M | $627M | $650M |
| Stock-based compensation | $13M | $13M | $14M | $24M | $20M | $22M | $28M | $33M | $33M | $26M |
| Dividends paid | $309M | $328M | $342M | $383M | $419M | $434M | $484M | $540M | $558M | $568M |
| Share buybacks (net) | — | — | -$20M | — | -$20M | — | -$49M | -$25M | — | -$118M |
| Net borrowing | — | $300M | -$199M | $199M | -$110M | $30M | $80M | $108M | -$118M | $155M |
| Free cash flow margin | 4667.8% | 4507.3% | 4728.8% | 3297.9% | 8704.1% | 8318.2% | 12051.7% | 7850.7% | 7538.3% | 5721.6% |
| Dividends per share | $1.16 | $1.22 | $1.27 | $1.34 | $1.42 | $1.44 | $1.50 | $1.64 | $1.69 | $1.72 |
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Open UDR in InvestinglyQuestions
What was UDR's revenue in 2025?
$11M in fiscal 2025, from its 10-K filing.
How much free cash flow does UDR generate?
$650M in fiscal 2025 (operating cash flow minus capital spending).
From UDR's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.