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  5. Income Statement
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UDR UDR
$ 36.66 -0.16%
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Quarterly report 2026-Q3
added 11-03-2026

UDR Income Statement 2025-2007 | UDR

Brief overview of revenue and earnings at UDR

This overview is based on financial performance over the past five years. According to figures from UDR, revenue changed from 1.2 billion dollars to 1.7 billion dollars over five years. The five-year change reached +38%, while CAGR stood at 6.6%. Sales increased steadily, although without strong acceleration.

The operating result measured by EBITDA moved from 868 million dollars to 1.2 billion dollars, or +42.2%. Operating performance was consistent with the change in sales. The EBITDA share of revenue changed from 69.9% to 72%. A wider margin confirms stronger operating efficiency.

The net result moved from $64.3 million to $378 million, or +487.7%. Net income grew faster than revenue, indicating improved overall efficiency.

Over the period, capitalization shifted from 11.7 billion dollars to 12.5 billion dollars (+7.4%). Investors responded cautiously to the improvement in the business.

Summary assessment

The indicators form a favorable picture of business development. Key strengths include a stronger final result, revenue expansion and higher operating efficiency. Future reports should be judged by revenue momentum, margins, and the conversion of sales into net income.

Annual Income Statement UDR

2025 2024 2023 2022 2021 2020 2019 2018 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008 2007

Market Cap

 12.5 B 14.1 B 11.8 B 14.3 B 16.4 B 11.7 B 13.7 B 11.7 B 9.58 B 9.2 B 9.21 B 8.37 B 6.1 B 5.87 B 5.2 B 3.29 B 1.69 B 3.17 B -

Shares

 330 M 329 M 329 M 322 M 300 M 295 M 285 M 268 M 267 M 265 M 259 M 252 M 250 M 239 M 201 M 166 M 149 M 130 M -

Historical Prices

 38 42.9 35.8 44.4 54.5 39.6 41.7 40 29.2 30.7 28 25 19.4 17.3 17.4 19.8 11.3 24.4 30.3

Net Income

 378 M 89.6 M 444 M 86.9 M 150 M 64.3 M 185 M 203 M 122 M 293 M 340 M 154 M 44.8 M 212 M 20 M -103 M -87.5 M 698 M -

Revenue

 1.71 B 1.67 B 1.63 B 1.52 B 1.29 B 1.24 B 1.15 B 1.05 B 996 M 960 M 895 M 818 M 759 M 729 M 709 M 525 M 506 M 563 M -

Cost of Revenue

 - - - - - - - - - - - - - 55.1 M 50 M 44.8 M 41 M 46.7 M -

Gross Profit

 - - - - - - 288 M 286 M 253 M 239 M 238 M 189 M 161 M 244 M 459 M 480 M 465 M 517 M -

Operating Income

 554 M 285 M 635 M 251 M 268 M 249 M 221 M 355 M 228 M 401 M 160 M 127 M 117 M 67.3 M 22.4 M -116 M -85.9 M -59.3 M -

Interest Expense

 19.2 M -12.3 M 181 M 156 M 186 M 203 M 171 M 134 M 129 M 123 M 122 M 130 M 126 M 139 M 156 M - - - -

EBITDA

 1.23 B 980 M 1.33 B 930 M 888 M 868 M 223 M 227 M 195 M 181 M 169 M 133 M 111 M 87.4 M 407 M 192 M 198 M 198 M -

Operating Expenses

 - - - - - - 72.1 M 65.8 M 64 M 63.4 M 76.1 M 61.8 M 56.1 M 161 M 412 M 597 M 551 M 576 M -

General and Administrative Expenses

 85.1 M 84.3 M 69.9 M 64.1 M 57.5 M 49.9 M 51.5 M 47 M 48.6 M 49.8 M 59.7 M 47.8 M 42.2 M 135 M 45.9 M 45.2 M 39 M 38.8 M -

All numbers in USD currency

Quarterly Income Statement UDR

2026-Q3 2026-Q2 2026-Q1 2025-Q4 2025-Q3 2025-Q2 2025-Q1 2024-Q4 2024-Q3 2024-Q2 2024-Q1 2023-Q4 2023-Q3 2023-Q2 2023-Q1 2022-Q4 2022-Q3 2022-Q2 2022-Q1 2021-Q4 2021-Q3 2021-Q2 2021-Q1 2020-Q4 2020-Q3 2020-Q2 2020-Q1 2019-Q4 2019-Q3 2019-Q2 2019-Q1 2018-Q4 2018-Q3 2018-Q2 2018-Q1 2017-Q4 2017-Q3 2017-Q2 2017-Q1 2016-Q4 2016-Q3 2016-Q2 2016-Q1 2015-Q4 2015-Q3 2015-Q2 2015-Q1 2014-Q4 2014-Q3 2014-Q2 2014-Q1 2013-Q4 2013-Q3 2013-Q2 2013-Q1 2012-Q4 2012-Q3 2012-Q2 2012-Q1 2011-Q4 2011-Q3 2011-Q2 2011-Q1 2010-Q4 2010-Q3 2010-Q2

Shares

 321 M 323 M 327 M - 331 M 331 M 331 M 331 M 329 M 329 M 329 M 329 M 329 M 329 M 329 M 329 M 325 M 318 M 318 M 318 M 298 M 297 M 297 M 297 M 295 M 295 M 294 M 293 M 289 M 282 M 277 M 270 M 268 M 267 M 268 M 267 M 267 M 267 M 267 M 266 M 266 K 266 K 262 K 261 M 259 M 258 M 257 M 254 M 252 M 250 M 250 M 250 M 250 M 250 M 250 M 3.68 M 250 M 234 M 222 M 5.57 M 214 M 190 M 183 M - 165 M 161 M

Net Income

 215 M 67.8 M 190 M - 40.4 M 37.7 M 76.7 M - 22.6 M 28.9 M 43.1 M - 32.9 M 348 M 31 M - 23.6 M 5.08 M 13.7 M - 17.7 M 11.7 M 3.1 M - -25.3 M 57.8 M 5.22 M 105 M 27.2 M 35.6 M 24.5 M 81.2 M 18.6 M 20.6 M 81.8 M 68.4 M 16.2 M 10.2 M 26 M 237 M 27 M 17.9 M 10.4 M 161 M 13.3 M 86.9 M 73.8 M 64.5 M 40.5 M 30 M 18.4 M 35.8 M 3.19 M 5.19 M -268 K -13.2 M -9.96 M 146 M 80.8 M 44.2 M -15.6 M 12.1 M -30.2 M -30.8 M -26.1 M -29 M

Revenue

 3.5 M 2.47 M 426 M - 432 M 425 M 422 M - 420 M 415 M 414 M - 410 M 405 M 400 M - 391 M 369 M 357 M - 330 M 311 M 301 M - 310 M 307 M 321 M - 295 M 281 M 271 M - 266 M 260 M 253 M - 251 M 248 M 244 M - 15.3 M 325 K 679 K - 221 M 216 M 220 M - 207 M 204 M 198 M - 191 M 190 M 185 M 176 M 185 M 180 M 175 M 158 M 169 M 153 M 142 M 84.2 M 152 M 149 M

Cost of Revenue

 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 13.5 M 14.5 M 13.7 M 13.5 M 13.5 M 12.2 M 12.5 M 11.9 M 4.94 M 13.9 M 13.5 M

Gross Profit

 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 163 M 171 M 167 M 162 M 145 M 157 M 141 M 130 M 79.2 M 138 M 135 M

Operating Income

 270 M 116 M 230 M - 76.4 M 77.4 M 122 M - 69.9 M 68.7 M 79.8 M - 78.1 M 397 M 66.2 M - 62.9 M 50.7 M 47.9 M - 33.2 M 35.8 M 75.1 M - 30.1 M 91.8 M 39 M - 58.9 M 64.9 M 52.5 M - 55 M 55.2 M 118 M - 45.5 M 46.2 M 45.5 M - 45.8 M 41.7 M 38.1 M - 40.2 M 39.3 M 45.3 M - 33.1 M 32.9 M 26.5 M - 33.6 M 30.7 M 29.6 M 14.3 M 19.8 M 17.5 M 15.6 M 115 M -28.4 M -32.8 M -31.5 M -34.6 M -27.8 M -27.3 M

Interest Expense

 8.14 M 2.6 M 2.43 M - 3.71 M 8.13 M 1.92 M - 6.16 M 6.5 M 5.86 M - -3.07 M 10.4 M 43.7 M - 39.9 M 36.8 M 35.9 M - 36.3 M 35.4 M 78.2 M - 62.3 M 38.6 M 39.3 M - 42.5 M 34.4 M 33.5 M - 34.4 M 31.6 M 29.9 M - 30.1 M 33.9 M 30.5 M - 32 M 30.7 M 31.1 M - 30.2 M 29.7 M 28.8 M - 33.1 M 31.7 M -32.9 M - 30.9 M 30.8 M -31 M 30.7 M 31.8 M 41.5 M 34.7 M - - - - - - -

EBITDA

 270 M 116 M 394 M - 588 M 84.8 M 291 M - 73.9 M 73.3 M 254 M - 81.8 M 400 M 239 M - 66.3 M 53.8 M 215 M - 485 M 38.4 M 222 M - 501 M 406 M 196 M - 422 M 299 M 167 M - 383 M 273 M 228 M - 371 M 263 M 152 M - 367 M 256 M 145 M - 315 M 222 M 136 M - 303 M 213 M 116 M - 290 M 202 M 114 M 15.4 M 20.9 M 18.5 M 16.5 M 116 M -27.4 M -31.8 M -30.5 M -33.5 M -26.6 M -26 M

Operating Expenses

 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 148 M 151 M 149 M 146 M 29.9 M 185 M 174 M 162 M 114 M 166 M 163 M

General and Administrative Expenses

 20.6 M 18.7 M 19.4 M - 22.7 M 19.9 M 19.5 M - 20.9 M 20.1 M 17.8 M - 15.2 M 16.5 M 17.5 M - 15.8 M 16.6 M 14.9 M - 15.8 M 15.1 M 12.7 M - 12 M 11 M 15 M - 12.2 M 12.3 M 12.5 M - 11.9 M 12.4 M 11.8 M - 12.5 M 11.4 M 13.1 M - 11.8 M 10.8 M 13.8 M - 15.8 M 13.7 M 12.2 M - 11.6 M 12.5 M 12 M - 11.4 M 9.87 M 9.48 M 10.7 M 10 M 13.7 M 9.38 M 12 M 11.9 M 12.9 M 10.6 M 13.3 M 12 M 10.3 M

All numbers in USD currency

The income statement is one of the three key financial reports of a company UDR (alongside the balance sheet and the cash flow statement). It shows how the company makes money and what its expenses are:

  • How much revenue the company earned
  • How much it spent on production, personnel, marketing, taxes, etc.
  • What profit remained in the end

Analyzing the income statement helps an investor understand whether the business generates stable and growing profits, how effectively the company controls its expenses, and whether it is capable of generating income in the future. Additionally, this analysis shows how the company copes with crises and economic cycles, and allows assessing the potential for stock price growth and dividend payments.

Features
  • The income statement may include both recurring and one-time items (for example, profit from the sale of assets). It is necessary to separate core metrics from one-off events for accurate analysis.
  • Companies often publish interim reports (e.g., quarterly), which allows for more timely tracking of trends.
  • A combined analysis of the income statement with the balance sheet and cash flow statement provides a comprehensive view of the company’s financial health.

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