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UDR, Inc. is a S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S. markets. As of December 31, 2025, UDR owned or had an ownership position in 60,941 apartment homes, including 300 apartment homes under development. For over 53 years, UDR has delivered long-term value to shareholders, the best standard of service to residents and the highest quality experience for associates. UDR, Inc. was incorporated in 1972 in Maryland, USA.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $1.7B | $1.3B | $378M | $614M | 11.6% | 2.4% | 321.6% |
| 2024 | $1.7B | $1.0B | $90M | $605M | 2.6% | 2.7% | -79.8% |
| 2023 | $1.6B | $1.3B | $444M | $520M | 11.3% | 7.3% | 411.2% |
| 2022 | $1.5B | $935M | $87M | $584M | 2.1% | - | - |
| 2021 | - | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 1,517.39 | 1,627.50 | 1,671.84 | 1,712.32 |
| Cost Of Revenue | - | 1,186.35 | 1,234.98 | 1,254.84 | 1,248.19 |
| Gross Profit | - | 331.03 | 392.52 | 417.01 | 464.13 |
| Operating Expense | - | 95.98 | 105.57 | 134.13 | 141.75 |
| Operating Income | - | 235.05 | 286.95 | 282.88 | 322.38 |
| EBITDA | - | 935.33 | 1,349.30 | 1,000.28 | 1,281.20 |
| EBIT | - | 255.76 | 657.46 | 304.80 | 601.17 |
| Pretax Income | - | 92.93 | 476.59 | 96.76 | 404.55 |
| Tax Provision | - | 0.35 | 2.11 | 0.88 | 0.84 |
| Net Income | - | 86.92 | 444.35 | 89.58 | 377.70 |
| Net Income Common Stockholders | - | 82.51 | 439.50 | 84.75 | 372.86 |
| Total Expenses | - | 1,282.33 | 1,340.55 | 1,388.96 | 1,389.94 |
| Interest Expense | - | 162.83 | 180.87 | 208.05 | 196.62 |
| Interest Income | 15.08 | - | 17.76 | - | 19.18 |
| Selling General And Administration | - | 64.14 | 69.93 | 84.30 | 85.10 |
| Normalized EBITDA | - | 919.57 | 1,001.24 | 998.59 | 1,049.97 |
| Normalized Income | - | 71.22 | 97.84 | 87.91 | 146.95 |
| Market Cap | 13,090.52 | 13,090.52 | 13,090.52 | 13,090.52 | 13,090.52 |
Real Estate sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| UDR, Inc.this co. | UDR | $11.6B | 34.66↑ premium | 4.03 | 11.6% | 14.90 |
| Kimco Realty Corporation | KIM | $16.9B | 27.32 | 1.54 | 5.6% | 16.59 |
| Essex Property Trust, Inc. | ESS | $16.4B | 24.59 | 2.97 | 12.1% | 14.82 |
| Regency Centers Corporation | REG | $15.0B | 28.42 | 2.24 | 7.9% | 17.55 |
| Mid-America Apartment Communities, Inc. | MAA | $14.8B | 32.71 |
| - |
| - |
| - |
| 2.57 |
| 7.9% |
| 15.77 |
| Host Hotels & Resorts, Inc. | HST | $14.4B | 18.78 | 2.19 | 11.7% | 10.41 |
| CoStar Group, Inc. | CSGP | $12.7B | 2206.30 | 1.85 | 0.1% | 78.51 |
| Healthpeak Properties, Inc. | DOC | $11.7B | 160.11 | 1.52 | 1.0% | 12.80 |
| Camden Property Trust | CPT | $11.1B | 27.72 | 2.44 | 8.8% | 12.66 |
| Peer Median | - | 28.07 | 2.22 | 7.9% | 15.29 | |