UDR, Inc. (UDR) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 425.85M | 433.11M | 431.86M | 425.4M | 421.95M | 422.73M | 420.16M | 415.32M | 413.63M | 413.27M | 410.13M | 404.55M | 399.55M | 399.66M | 391.3M | 369.17M | 357.27M | 348.21M | 329.77M | 311.35M |
| Revenue Growth % | 0.92% | 2.46% | 2.79% | 2.43% | 2.01% | 2.29% | 2.45% | 2.66% | 3.53% | 3.41% | 4.81% | 9.58% | 11.84% | 14.78% | 18.66% | 18.57% | 18.52% | 15.15% | 6.36% | 1.33% |
| Property Operating Expenses | 163.76M | 316.27M | 137.16M | 309.56M | 309.77M | 308.55M | 317.53M | 313.25M | 315.51M | 311M | 310.52M | 308.4M | 305.05M | 301.72M | 304.46M | 292.73M | 287.45M | 283.24M | 271.72M | 255.92M |
| Net Operating Income (NOI) | 262.08M | 116.83M | 294.7M | 115.84M | 112.17M | 114.18M | 102.63M | 102.07M | 98.12M | 102.27M | 99.61M | 96.14M | 94.5M | 97.94M | 86.84M | 76.44M | 69.82M | 64.97M | 58.05M | 55.43M |
| NOI Margin % | 61.54% | 26.98% | 68.24% | 27.23% | 26.58% | 27.01% | 24.43% | 24.58% | 23.72% | 24.75% | 24.29% | 23.77% | 23.65% | 24.51% | 22.19% | 20.71% | 19.54% | 18.66% | 17.6% | 17.8% |
| Operating Expenses | 32.28M | 30.89M | 218.35M | 38.45M | -10.02M | 47.89M | 32.77M | 33.41M | 18.36M | 8.02M | 21.53M | -300.36M | 28.32M | 8.67M | 23.92M | 25.7M | 21.93M | -58.97M | 24.88M | 19.64M |
| G&A Expenses | 19.36M | 30.89M | 22.73M | 19.93M | 19.5M | 25.47M | 20.89M | 20.14M | 17.81M | 20.84M | 15.16M | 16.45M | 17.48M | 16.81M | 15.84M | 16.59M | 14.91M | 13.87M | 15.81M | 15.13M |
| EBITDA | 394.41M | 254M | 249.29M | 247.97M | 290.66M | 238.12M | 244.16M | 243.83M | 253.93M | 269.29M | 249.31M | 569.11M | 239.13M | 261.33M | 233.13M | 221.34M | 214.59M | 292.41M | 189.07M | 184.56M |
| EBITDA Margin % | 92.62% | 58.65% | 57.72% | 58.29% | 68.88% | 56.33% | 58.11% | 58.71% | 61.39% | 65.16% | 60.79% | 140.68% | 59.85% | 65.39% | 59.58% | 59.96% | 60.06% | 83.98% | 57.34% | 59.28% |
| Depreciation & Amortization | 164.6M | 168.06M | 172.94M | 170.58M | 168.46M | 171.83M | 174.31M | 175.17M | 174.17M | 175.04M | 171.24M | 172.61M | 172.95M | 172.06M | 170.21M | 170.6M | 166.7M | 168.47M | 155.91M | 148.77M |
| D&A / Revenue % | 38.65% | 38.8% | 40.04% | 40.1% | 39.92% | 40.65% | 41.49% | 42.18% | 42.11% | 42.35% | 41.75% | 42.67% | 43.29% | 43.05% | 43.5% | 46.21% | 46.66% | 48.38% | 47.28% | 47.78% |
| Operating Income | 229.81M | 85.94M | 76.36M | 77.39M | 122.19M | 66.29M | 69.86M | 68.67M | 79.76M | 94.25M | 78.07M | 396.5M | 66.18M | 89.27M | 62.92M | 50.74M | 47.89M | 123.94M | 33.17M | 35.79M |
| Operating Margin % | 53.96% | 19.84% | 17.68% | 18.19% | 28.96% | 15.68% | 16.63% | 16.53% | 19.28% | 22.81% | 19.04% | 98.01% | 16.56% | 22.34% | 16.08% | 13.74% | 13.4% | 35.59% | 10.06% | 11.49% |
| Interest Expense | 1000K | 0 | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 4.73x | - | 0.86x | 1.83x | 2.72x | 0.71x | 1.48x | 1.66x | 1.97x | 1.76x | 1.75x | 9.24x | 1.76x | 2.29x | 1.54x | 1.15x | 1.39x | 4.47x | 1.54x | 1.36x |
| Non-Operating Income | 0 | 0 | 32.84M | -11.76M | -7.74M | 9.54M | -4.28M | -10.54M | -14.95M | 10.85M | -5.51M | -20.14M | -10.72M | 6.17M | -10M | 8.23M | -5.41M | -38.78M | -22.69M | -12.29M |
| Pretax Income | 203.36M | 238.32M | 43.51M | 40.49M | 82.23M | -5.21M | 23.92M | 31.4M | 46.65M | 36.05M | 35.85M | 371.53M | 33.16M | 46.78M | 25.52M | 5.68M | 14.95M | 126.3M | 19.57M | 12.67M |
| Pretax Margin % | 47.75% | 55.03% | 10.08% | 9.52% | 19.49% | -1.23% | 5.69% | 7.56% | 11.28% | 8.72% | 8.74% | 91.84% | 8.3% | 11.71% | 6.52% | 1.54% | 4.18% | 36.27% | 5.93% | 4.07% |
| Income Tax | 455K | 37K | 382K | 258K | 158K | 312K | -156K | 386K | 337K | 93K | 428K | 1.35M | 234K | -683K | 377K | 312K | 343K | 156K | 529K | 135K |
| Effective Tax Rate % | 0.22% | 0.02% | 0.88% | 0.64% | 0.19% | -5.99% | -0.65% | 1.23% | 0.72% | 0.26% | 1.19% | 0.36% | 0.71% | -1.46% | 1.48% | 5.5% | 2.29% | 0.12% | 2.7% | 1.07% |
| Net Income | 189.83M | 222.9M | 40.41M | 37.67M | 76.72M | -5.04M | 22.6M | 28.88M | 43.15M | 32.99M | 32.86M | 347.55M | 30.96M | 44.53M | 23.61M | 5.08M | 13.71M | 117.46M | 17.73M | 11.72M |
| Net Margin % | 44.58% | 51.47% | 9.36% | 8.86% | 18.18% | -1.19% | 5.38% | 6.95% | 10.43% | 7.98% | 8.01% | 85.91% | 7.75% | 11.14% | 6.03% | 1.38% | 3.84% | 33.73% | 5.38% | 3.76% |
| Net Income Growth % | 147.43% | 4519.15% | 78.82% | 30.43% | 77.8% | -115.29% | -31.23% | -91.69% | 39.35% | -25.92% | 39.2% | 6736.05% | 125.93% | -62.09% | 33.13% | -56.62% | 341.53% | 342.71% | 170.2% | -79.71% |
| Funds From Operations (FFO) | 354.43M | 390.96M | 213.34M | 208.25M | 245.18M | 166.78M | 196.9M | 204.05M | 217.32M | 208.03M | 204.1M | 520.15M | 203.91M | 216.59M | 193.82M | 175.68M | 180.4M | 285.93M | 173.64M | 160.49M |
| FFO Margin % | 83.23% | 90.27% | 49.4% | 48.95% | 58.11% | 39.45% | 46.86% | 49.13% | 52.54% | 50.34% | 49.76% | 128.58% | 51.04% | 54.2% | 49.53% | 47.59% | 50.5% | 82.11% | 52.65% | 51.55% |
| FFO Growth % | 44.56% | 134.41% | 8.35% | 2.06% | 12.82% | -19.83% | -3.53% | -60.77% | 6.58% | -3.96% | 5.31% | 196.07% | 13.03% | -24.25% | 11.62% | 9.47% | 20.43% | 63.63% | 32.97% | -25.3% |
| FFO per Share | 1.07 | 1.18 | 0.60 | 0.63 | 0.74 | 0.50 | 0.60 | 0.62 | 0.66 | 0.63 | 0.62 | 1.56 | 0.62 | 0.66 | 0.60 | 0.55 | 0.56 | 0.91 | 0.58 | 0.54 |
| FFO Payout Ratio % | 39.86% | 108.87% | 66.77% | 68.4% | 57.4% | 84.07% | 71.13% | 68.59% | 63.61% | 66.42% | 67.79% | 26.58% | 61.34% | 57.14% | 63.7% | 68.87% | 63.97% | 39.08% | 61.97% | 67.04% |
| EPS (Diluted) | 0.57 | 0.67 | 0.11 | 0.11 | 0.23 | -0.02 | 0.06 | 0.08 | 0.13 | 0.10 | 0.10 | 1.05 | 0.09 | 0.13 | 0.07 | 0.01 | 0.04 | 0.37 | 0.06 | 0.04 |
| EPS Growth % | 147.83% | 3644.97% | 70.02% | 30.95% | 76.92% | -119.57% | -32.67% | -92% | 43.81% | -25.69% | 39.07% | 8367.74% | 128.86% | -64.86% | 24.73% | -65.36% | - | 311.11% | 164.72% | -81.16% |
| EPS (Basic) | 0.58 | 0.68 | 0.11 | 0.11 | 0.23 | -0.02 | 0.07 | 0.08 | 0.13 | 0.10 | 0.10 | 1.05 | 0.09 | 0.13 | 0.07 | 0.01 | 0.04 | 0.38 | 0.06 | 0.04 |
| Diluted Shares Outstanding | 330.29M | 332.63M | 356.87M | 331.71M | 331.72M | 331.24M | 330.56M | 329.57M | 328.95M | 328.82M | 329.2M | 332.48M | 329.42M | 326.09M | 325.69M | 319.57M | 319.68M | 315.83M | 301.16M | 297.54M |