FirmAtlas
Company handbook · UDR · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-17
UDR · CIK 74208 · LATEST FILING: 10-Q JUN '26 · FILED JUL 28, 2026
UDR, Inc.
$34.26
+0.05 (+0.15%)
Close, Oct 16, 2026 · 52-week $33–42
Last fiscal year
UDR, Inc. reported revenue of $11M for the year ended Dec 31, 2025 (FY25), up 36.6% from FY24. Net income was $378M, operating cash flow $903M and free cash flow $650M. Source: 10-K filed Feb 17, 2026.
Market cap
$11.2B
P/E
22.9
EV/EBITDA
13.8x
P/B
3.4
Div yield
3.79%
ROIC
6.0%
Revenue 1Y
36.6%/yr
EPS 1Y
334.6%/yr
Shares 1Y
−0.8%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOThomas W. Toomey
HQHighlands Ranch, CO
AuditorErnst & Young LLP
Employees1,420
Year endsDecember
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
0.1%
−8.7%
−1.8%
−4.6%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$1.7B deployed
Capex
$503M
28.8%
Dividends
$1.1B
64.5%
Buybacks
$118M
6.7%
Operating cash flow over the period: $1.8B. Total debt changed by −$6M.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
TTM = the last four quarters, to Mar '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
8
11+36.6%
12
YoY
+36.6%
Operating income
285
554+94.5%
661
Operating margin
3421.5%
4872.9%+1451.3 pp
—
EBITDA
980
1,234+25.9%
—
EBITDA margin
11783.6%
10858.6%−925.0 pp
—
Interest expense
196
197+0.5%
—
Interest coverage
5.01x
6.27x+1.27x
—
Net income
90
378+321.6%
491
YoY
+321.6%
Net margin
1077.1%
3324.6%+2247.4 pp
—
EPS (diluted, $)
0.26
1.13+334.6%
1.48
YoY
+334.6%
Balance sheet
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
877
903+3.0%
875
Net income
96
404+321.1%
—
Depreciation & amortization
695
680−2.2%
—
Stock-based compensation
33
26−18.8%
—
Working capital & other
53
(207)−492.2%
—
Cash from investing
(276)
(151)n/m
—
Capex
(250)
(253)n/m
—
Other investing
(26)
102n/m
—
Cash from financing
(600)
(750)n/m
—
Debt raised
297
—
—
Debt repaid
(16)
—
—
Dividends
(558)
(568)n/m
—
Buybacks
—
(118)
—
Other financing
(323)
(65)n/m
—
Net change in cash
0.6
2+168.3%
—
Free cash flow (OCF − capex)
627
650+3.7%
632
Where the cash went
Operating cash flow
877
903+3.0%
875
Reinvested in the business
250
253+1.2%
—
% of operating cash flow
28.5%
28.0%
Capex
250
253+1.2%
243
Free cash flow
627
650+3.7%
632
YoY
+3.7%
Returned to shareholders
558
686+22.8%
—
% of free cash flow
89.1%
105.5%
Dividends
558
568+1.7%
—
Buybacks
—
118
—
Change in total debt
—
(6)
—
Cash left over
—
(41)
—
FCF conversion (FCF ÷ net income)
699.9%
172.1%−527.8 pp
—
Buyback yield
—
1.0%
—
Income
Jun '25
Sep '25
Dec '25
Mar '26
Revenue
2
3
4
3
vs year-ago quarter
Operating income
77
76
278
230
Net income
38
40
223
190
vs year-ago quarter
Net margin
1571.0%
1572.3%
5206.8%
7509.1%
EPS (diluted, $)
0.11
0.12
0.68
0.57
vs year-ago quarter
Balance sheet
Jun '25
Sep '25
Dec '25
Mar '26
Total assets
10,647
10,602
10,606
10,334
Cash & equivalents
35
36
37
35
Total debt
5,776
5,834
5,821
5,663
Shareholders’ equity
3,325
3,275
3,288
3,286
Cash flow
Jun '25
Sep '25
Dec '25
Mar '26
Operating cash flow
250
235
261
129
Capex
60
70
69
43
Free cash flow
190
165
192
85
vs year-ago quarter