UDR financials
$33.95+0.35%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.71B | $1.67B | $1.63B | $1.52B | $1.29B | $1.24B | $1.15B | $1.05B | $995.8M | $959.9M |
| Gross profit | $1.41B | $1.38B | $1.35B | $1.27B | $1.07B | $1.04B | $973.2M | $877.8M | $831.1M | $799.9M |
| Gross margin | 82.2% | 82.5% | 83.2% | 83.5% | 83.1% | 83.7% | 84.5% | 83.8% | 83.5% | 83.3% |
| Operating income | $310.7M | $267.7M | $283.8M | $225.3M | $131.9M | $129.8M | $215.8M | $218.5M | $184.5M | $174.6M |
| Net income | $372.9M | $84.8M | $439.5M | $82.5M | $145.8M | $60.0M | $180.9M | $199.2M | $117.8M | $289.0M |
| Net margin | 21.8% | 5.1% | 27.0% | 5.4% | 11.3% | 4.8% | 15.7% | 19.0% | 11.8% | 30.1% |
| Diluted EPS | $1.13 | $0.26 | $1.34 | $0.26 | $0.48 | $0.20 | $0.63 | $0.74 | $0.44 | $1.08 |
| EBITDA | $1.00B | $978.4M | $978.8M | $904.9M | $751.7M | $748.5M | $723.7M | $654.2M | $621.0M | $601.0M |
| Operating cash flow | $902.9M | $876.8M | $832.7M | $820.1M | $664.0M | $604.3M | $630.7M | $560.7M | $518.9M | $536.6M |
| Free cash flow | $423.1M | $537.6M | $346.6M | $44.9M | -$925.1M | -$98.9M | -$949.8M | $293.2M | $47.5M | $262.1M |
| Diluted shares | 331.1M | 330.1M | 329.1M | 322.7M | 301.7M | 294.9M | 286.0M | 269.5M | 268.8M | 267.3M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $1.2M | $1.3M | $2.9M | $1.2M | $967.0K | $1.4M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $5.82B | $5.88B | $5.85B | $5.53B | $5.46B | $5.02B |
| Total assets | $10.61B | $10.90B | $11.37B | $11.04B | $10.78B | $9.64B |
| Total liabilities | $6.46B | $6.44B | $2.87B | $2.65B | $6.00B | $5.52B |
| Shareholders' equity | $3.29B | $3.44B | $7.55B | $7.55B | $3.47B | $3.26B |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology