TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 421.9M
Gross Profit 112.2M 26.58%
Operating Income 77.6M 18.38%
Net Income 82.1M 19.45%
EPS (Diluted) $0.23

Balance Sheet Metrics

Total Assets 10.7B
Total Liabilities 6.4B
Shareholders Equity 4.4B
Debt to Equity 1.45

Cash Flow Metrics

Operating Cash Flow 205.3M
Free Cash Flow 94.3M

Revenue & Profitability Trend

UDR Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue i1.7B1.6B1.5B1.3B1.2B
Cost of Goods Sold i1.3B1.2B1.2B1.1B1.0B
Gross Profit i417.0M392.5M331.0M228.0M214.6M
Gross Margin % i24.9%24.1%21.8%17.7%17.3%
Operating Expenses
Research & Development i-----
Selling, General & Administrative i84.3M69.9M64.1M57.5M49.9M
Other Operating Expenses i30.4M20.2M17.5M21.6M22.8M
Total Operating Expenses i114.7M90.2M81.6M79.2M72.6M
Operating Income i282.9M287.0M235.1M135.7M132.0M
Operating Margin % i16.9%17.6%15.5%10.5%10.6%
Non-Operating Items
Interest Income i-17.8M-15.1M6.3M
Interest Expense i208.0M180.9M162.8M186.3M202.7M
Other Non-Operating Income21.9M352.7M20.7M198.0M136.0M
Pre-tax Income i96.8M476.6M92.9M162.4M71.5M
Income Tax i879.0K2.1M349.0K1.4M2.5M
Effective Tax Rate % i0.9%0.4%0.4%0.9%3.6%
Net Income i95.9M474.5M92.6M161.0M69.0M
Net Margin % i5.7%29.2%6.1%12.5%5.6%
Key Metrics
EBITDA i998.6M1.0B919.6M836.2M775.7M
EPS (Basic) i$0.26$1.34$0.26$0.49$0.20
EPS (Diluted) i$0.26$1.34$0.26$0.48$0.20
Basic Shares Outstanding i329290000328765000321671000300326000294545000
Diluted Shares Outstanding i329290000328765000321671000300326000294545000

Income Statement Trend

UDR Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i1.3M2.9M1.2M967.0K1.4M
Short-term Investments i-----
Accounts Receivable i-----
Inventory i-----
Other Current Assets-----
Total Current Assets i283.3M263.7M84.9M55.3M182.2M
Non-Current Assets
Property, Plant & Equipment i187.0M190.6M194.1M197.5M200.9M
Goodwill i-----
Intangible Assets i-----
Long-term Investments-----
Other Non-Current Assets197.5M210.0M197.5M216.3M188.1M
Total Non-Current Assets i10.6B11.1B11.0B10.7B9.5B
Total Assets i10.9B11.4B11.0B10.8B9.6B
Liabilities
Current Liabilities
Accounts Payable i115.1M141.3M153.2M137.0M111.0M
Short-term Debt i299.3M412.7M328.0M249.5M218.0M
Current Portion of Long-term Debt-----
Other Current Liabilities-----
Total Current Liabilities i726.7M848.9M751.8M645.7M568.5M
Non-Current Liabilities
Long-term Debt i5.7B5.6B5.3B5.4B5.0B
Deferred Tax Liabilities i-----
Other Non-Current Liabilities--52.0M55.4M49.0M
Total Non-Current Liabilities i5.7B5.6B5.3B5.4B5.0B
Total Liabilities i6.4B6.4B6.1B6.0B5.5B
Equity
Common Stock i3.3M3.3M3.3M3.2M3.0M
Retained Earnings i-4.2B-3.6B-3.5B-3.5B-2.7B
Treasury Stock i-----
Other Equity-----
Total Shareholders Equity i4.5B5.0B4.9B4.8B4.1B
Key Metrics
Total Debt i6.0B6.0B5.7B5.6B5.2B
Working Capital i-443.4M-585.2M-666.9M-590.5M-386.4M

Balance Sheet Composition

UDR Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i95.9M474.5M92.6M161.0M69.0M
Depreciation & Amortization i695.5M691.8M679.6M619.8M618.6M
Stock-Based Compensation i32.6M32.9M27.5M22.1M19.6M
Working Capital Changes i-35.9M-36.4M-3.3M-22.0M-46.8M
Operating Cash Flow i815.2M1.2B828.1M800.1M672.6M
Investing Activities
Capital Expenditures i-----
Acquisitions i-49.3M-72.4M-201.4M-112.3M-77.6M
Investment Purchases i-----
Investment Sales i4.6M14.5M00-
Investing Cash Flow i-76.9M-143.2M-276.6M-631.0K-84.9M
Financing Activities
Share Repurchases i0-25.6M-49.0M0-19.8M
Dividends Paid i-563.3M-544.6M-488.0M-438.0M-423.6M
Debt Issuance i301.7M00513.1M1.1B
Debt Repayment i-153.6M-24.7M-2.7M-301.1M-725.8M
Financing Cash Flow i-599.9M-538.9M111.2M612.5M-152.6M
Free Cash Flow i605.2M520.3M584.1M497.4M430.2M
Net Change in Cash i138.4M490.5M662.8M1.4B435.1M

Cash Flow Trend

UDR Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 99.67
Forward P/E 82.70
Price to Book 3.92
Price to Sales 8.55
PEG Ratio 2.66

Profitability Ratios

Profit Margin 7.69%
Operating Margin 19.67%
Return on Equity 3.12%
Return on Assets 1.88%

Financial Health

Current Ratio 0.24
Debt to Equity 139.06
Beta 0.84

Per Share Data

EPS (TTM) $0.39
Book Value per Share $9.91
Revenue per Share $5.19

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
udr14.7B99.673.923.12%7.69%139.06
AvalonBay 26.9B23.172.259.71%38.39%72.58
Equity Residential 25.4B24.322.239.08%33.22%75.26
Invitation Homes 18.5B33.881.915.53%20.59%84.59
Essex Property 18.1B21.093.0015.12%42.39%116.68
Mid-America 17.1B29.302.839.57%25.98%83.59

Financial data is updated regularly. All figures are in the company's reporting currency.