UDR (UDR) Financials

$43.80 +1.20 (+2.81%)

Closing price 05/2/2025 03:59 PM Eastern

Extended Trading

$43.81 +0.02 (+0.03%)

As of 05/2/2025 05:44 PM Eastern

Annual Income Statements for UDR

This table shows UDR's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	337	289	118	199	181	60	146	83	440	85
Consolidated Net Income / (Loss)	357	320	133	222	200	69	161	93	474	96
Net Income / (Loss) Continuing Operations	357	320	133	222	200	69	161	93	474	96
Total Pre-Tax Income	102	332	132	222	203	72	162	93	477	97
Total Operating Income	160	401	228	355	221	249	268	251	635	285
Total Gross Profit	603	651	674	703	776	800	813	979	1,049	1,063
Total Revenue	895	960	996	1,047	1,152	1,241	1,291	1,517	1,628	1,672
Operating Revenue	895	960	996	1,047	1,152	1,241	1,291	1,517	1,628	1,672
Total Cost of Revenue	292	309	322	344	376	441	478	539	579	609
Operating Cost of Revenue	292	309	322	344	376	441	478	539	579	609
Total Operating Expenses	443	250	446	349	555	551	545	728	414	778
Selling, General & Admin Expense	60	50	49	47	52	50	58	64	70	84
Depreciation Expense	381	426	436	436	508	619	620	680	692	695
Other Operating Expenses / (Income)	2.34	0.73	4.34	2.12	0.47	2.13	-132	9.73	3.14	15
Other Special Charges / (Income)	-	-226	-43	-136	-5.28	-119	-	-25	-351	-17
Total Other Income / (Expense), net	-58	-69	-95	-132	-18	-178	-106	-158	-158	-188
Interest Expense	122	123	129	134	171	203	186	156	181	196
Interest & Investment Income	62	52	31	-5.06	138	19	66	4.95	4.69	20
Other Income / (Expense), net	1.55	1.93	1.97	6.74	15	6.27	15	-6.93	18	-12
Income Tax Expense	-3.89	12	-0.24	0.69	3.84	2.55	1.44	0.35	2.11	0.88
Preferred Stock Dividends Declared	3.72	3.72	3.71	3.87	4.10	4.23	4.23	4.41	4.85	4.84
Net Income / (Loss) Attributable to Noncontrolling Interest	17	28	11	18	15	4.70	11	5.66	30	6.29
Basic Earnings per Share	$1.30	$1.09	$0.44	$0.74	$0.63	$0.20	$0.49	$0.26	$1.34	$0.26
Weighted Average Basic Shares Outstanding	258.67M	265.39M	267.02M	268.18M	285.25M	294.55M	300.33M	321.67M	328.77M	329.29M
Diluted Earnings per Share	$1.29	$1.08	$0.44	$0.74	$0.63	$0.20	$0.48	$0.26	$1.34	$0.26
Weighted Average Diluted Shares Outstanding	263.75M	267.31M	268.83M	269.48M	286.02M	294.93M	301.70M	322.70M	329.10M	330.12M
Weighted Average Basic & Diluted Shares Outstanding	262.13M	267.37M	268.16M	275.61M	294.63M	296.82M	318.26M	329.17M	329.22M	331.13M
Cash Dividends to Common per Share	$1.09	$1.16	$1.23	$1.28	$1.35	$1.42	$1.45	$1.50	$1.64	$1.70

This table shows UDR's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Income / (Loss) Attributable to Common Shareholders	22	43	30	346	32	32	42	28	21	-6.24	76
Consolidated Net Income / (Loss)	25	47	33	370	35	36	46	31	24	-5.52	82
Net Income / (Loss) Continuing Operations	25	47	33	370	35	36	46	31	24	-5.52	82
Total Pre-Tax Income	26	47	33	372	36	36	47	31	24	-5.21	82
Total Operating Income	63	89	66	397	78	94	80	69	70	66	122
Total Gross Profit	250	261	261	261	263	265	261	265	267	270	266
Total Revenue	391	400	400	405	410	413	414	415	420	423	422
Operating Revenue	391	400	400	405	410	413	414	415	420	423	422
Total Cost of Revenue	141	138	139	144	148	149	152	150	154	153	156
Operating Cost of Revenue	141	138	139	144	148	149	152	150	154	153	156
Total Operating Expenses	187	172	195	-136	184	170	181	196	197	204	143
Selling, General & Admin Expense	16	17	17	16	15	21	18	20	21	25	19
Depreciation Expense	170	172	173	173	171	175	174	175	174	172	168
Other Operating Expenses / (Income)	0.90	8.52	4.16	1.13	-1.93	-0.22	-11	1.00	1.47	23	3.30
Other Special Charges / (Income)	0.00	-25	-	-326	0.00	-	-	0.00	0.00	-	-48
Total Other Income / (Expense), net	-37	-42	-33	-25	-42	-58	-33	-37	-46	-71	-40
Interest Expense	40	43	44	45	45	47	48	48	50	50	48
Interest & Investment Income	10	0.76	9.71	9.70	5.51	-20	9.09	4.05	-1.88	8.98	5.81
Other Income / (Expense), net	-7.50	0.00	1.01	10	-3.07	9.37	5.87	6.50	6.16	-31	1.92
Income Tax Expense	0.38	-0.68	0.23	1.35	0.43	0.09	0.34	0.39	-0.16	0.31	0.16
Preferred Stock Dividends Declared	1.11	1.11	1.18	1.22	1.22	1.22	1.23	1.21	1.20	1.20	1.21
Net Income / (Loss) Attributable to Noncontrolling Interest	1.54	2.94	1.96	23	2.56	2.98	3.16	2.13	1.48	-0.48	5.35
Basic Earnings per Share	$0.07	$0.14	$0.09	$1.05	$0.10	$0.10	$0.13	$0.08	$0.06	($0.01)	$0.23
Weighted Average Basic Shares Outstanding	324.70M	321.67M	328.79M	328.96M	328.76M	328.77M	328.82M	329.06M	329.42M	329.29M	330.63M
Diluted Earnings per Share	$0.07	$0.14	$0.09	$1.05	$0.10	$0.10	$0.13	$0.08	$0.06	($0.01)	$0.23
Weighted Average Diluted Shares Outstanding	325.69M	322.70M	329.42M	332.48M	329.20M	329.10M	328.95M	329.57M	330.56M	330.12M	331.72M
Weighted Average Basic & Diluted Shares Outstanding	325.54M	329.17M	329.17M	329.48M	328.93M	329.22M	329.31M	329.82M	329.96M	331.13M	331.30M

This table details how cash moves in and out of UDR's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-8.48	-5.43	-0.28	187	-176	-9.12	4.25	1.78	4.67	0.56
Net Cash From Operating Activities	459	537	519	561	631	604	664	820	833	877
Net Cash From Continuing Operating Activities	459	537	519	561	631	606	664	820	833	877
Net Income / (Loss) Continuing Operations	357	320	133	222	200	69	161	93	474	96
Consolidated Net Income / (Loss)	357	320	133	222	200	69	161	93	474	96
Depreciation Expense	381	426	436	436	508	619	620	680	692	695
Non-Cash Adjustments To Reconcile Net Income	-269	-207	-57	-109	-84	-46	-114	19	-306	94
Changes in Operating Assets and Liabilities, net	-11	-1.99	7.18	13	7.25	-35	-2.83	28	-27	-8.80
Net Cash From Investing Activities	-265	-113	-407	-114	-1,687	-461	-1,272	-930	-289	-276
Net Cash From Continuing Investing Activities	-265	-113	-407	-114	-1,687	-461	-1,272	-930	-289	-276
Purchase of Property, Plant & Equipment	-362	-259	-223	-117	-1,555	-582	-1,411	-577	-330	-272
Acquisitions	-	0.00	0.00	-1.00	-12	-1.53	0.00	0.00	-1.00	1.00
Purchase of Investments	-220	-43	-124	-135	-204	-83	-0.63	-277	-157	-83
Sale of Property, Plant & Equipment	388	302	71	247	38	278	280	41	326	99
Sale and/or Maturity of Investments	32	66	116	43	72	49	37	81	14	41
Other Investing Activities, net	-103	-178	-249	-150	-25	-121	-178	-198	-141	-63
Net Cash From Financing Activities	-202	-429	-112	-260	880	-153	613	111	-539	-600
Net Cash From Continuing Financing Activities	-202	-429	-112	-260	880	-153	613	111	-539	-600
Repayment of Debt	-541	-610	-647	-342	-887	-790	-356	-27	-42	-173
Repurchase of Common Equity	-	0.00	0.00	-20	0.00	-20	0.00	-49	-25	0.00
Payment of Dividends	-298	-342	-363	-379	-419	-456	-472	-522	-580	-606
Issuance of Debt	427	350	898	181	1,461	1,010	542	80	108	179
Issuance of Common Equity	210	173	0.00	300	725	102	899	630	0.00	0.00
Cash Interest Paid	130	125	126	132	161	159	137	155	184	192
Cash Income Taxes Paid	-1.01	0.69	1.66	0.63	1.52	1.03	4.78	1.15	1.91	1.04

This table details how cash moves in and out of UDR's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Net Change in Cash & Equivalents	1.21	0.30	-0.98	1.17	2.07	2.41	-2.90	2.42	1.17	-0.13	-2.11
Net Cash From Operating Activities	205	217	168	242	204	219	168	238	230	241	156
Net Cash From Continuing Operating Activities	205	217	168	242	204	219	168	238	230	241	156
Net Income / (Loss) Continuing Operations	25	47	33	370	35	36	46	31	24	-5.52	82
Consolidated Net Income / (Loss)	25	47	33	370	35	36	46	31	24	-5.52	82
Depreciation Expense	170	172	173	173	171	175	174	175	174	172	168
Non-Cash Adjustments To Reconcile Net Income	-0.24	-14	2.86	-324	5.52	9.71	-14	8.35	33	67	-42
Changes in Operating Assets and Liabilities, net	9.43	12	-41	24	-8.58	-1.64	-39	24	-1.44	7.49	-53
Net Cash From Investing Activities	-264	-91	-117	57	-156	-73	18	-98	-148	-49	18
Net Cash From Continuing Investing Activities	-264	-91	-117	57	-156	-73	18	-98	-148	-49	18
Purchase of Property, Plant & Equipment	-70	-79	-59	-95	-99	-78	-57	-74	-74	-67	-62
Purchase of Investments	-157	-17	-18	-60	-21	-57	-1.38	-8.08	-68	-5.31	-119
Sale of Property, Plant & Equipment	-	41	0.00	248	-	78	99	-	-	-	204
Sale and/or Maturity of Investments	2.13	3.61	3.11	2.61	3.60	5.08	4.29	4.45	4.90	27	3.73
Other Investing Activities, net	-40	-39	-42	-40	-38	-21	-26	-21	-12	-4.30	-8.84
Net Cash From Financing Activities	60	-126	-52	-297	-46	-144	-189	-138	-81	-192	-176
Net Cash From Continuing Financing Activities	60	-126	-52	-297	-46	-144	-189	-138	-81	-192	-176
Repayment of Debt	8.87	-14	-22	5.73	-2.43	-23	-21	-27	-86	-39	15
Payment of Dividends	-133	-133	-134	-148	-149	-149	-150	-152	-152	-153	-152
Issuance of Debt	100	-125	105	-155	130	28	-18	40	157	-0.10	-40
Cash Interest Paid	60	23	65	26	66	28	69	28	69	26	72
Cash Income Taxes Paid	0.35	0.13	0.21	1.46	0.25	-0.00	-0.05	0.95	0.17	-0.02	0.00

This table presents UDR's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Total Assets	7,664	7,680	7,733	7,712	9,636	9,638	10,775	11,038	11,373	10,898
Total Current Assets	28	22	22	209	33	24	28	30	35	35
Cash & Equivalents	6.74	2.11	2.04	185	8.11	1.41	0.97	1.19	2.92	1.33
Restricted Cash	21	20	20	24	25	23	27	29	32	34
Plant, Property, & Equipment, net	6,543	6,692	6,847	6,542	8,471	8,466	9,604	9,808	9,756	9,312
Plant, Property & Equipment, gross	9,189	9,615	10,173	10,196	12,602	13,057	14,740	15,570	15,999	16,149
Accumulated Depreciation	2,646	2,923	3,326	3,654	4,131	4,591	5,137	5,762	6,243	6,837
Total Noncurrent Assets	1,093	965	864	961	1,132	1,147	1,143	1,201	1,582	1,550
Long-Term Investments	939	827	721	781	588	600	702	754	953	917
Noncurrent Note & Lease Receivables	17	20	19	42	154	158	27	55	229	248
Other Noncurrent Operating Assets	137	119	124	138	391	389	414	392	401	384
Total Liabilities & Shareholders' Equity	7,664	7,680	7,733	7,712	9,636	9,638	10,775	11,038	11,373	10,898
Total Liabilities	3,817	3,673	3,950	3,816	5,228	5,523	6,001	6,100	6,421	6,437
Total Current Liabilities	246	272	278	268	322	351	396	424	436	427
Accounts Payable	81	104	103	76	90	111	137	153	141	115
Accrued Expenses	48	47	52	59	123	75	79	84	95	99
Customer Deposits	36	34	32	35	-	49	55	52	51	62
Dividends Payable	80	87	91	98	109	116	125	134	150	152
Total Noncurrent Liabilities	3,571	3,401	3,672	3,548	4,906	5,172	5,605	5,677	5,985	6,009
Long-Term Debt	3,571	3,401	3,672	3,548	4,708	4,977	5,413	5,487	5,799	5,827
Capital Lease Obligations	-	-	-	-	199	196	192	189	186	182
Commitments & Contingencies	-	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	946	909	948	973	1,019	856	1,299	840	961	1,017
Total Equity & Noncontrolling Interests	2,901	3,097	2,835	2,923	3,389	3,259	3,474	4,098	3,991	3,444
Total Preferred & Common Equity	2,900	3,093	2,826	2,906	3,359	3,234	3,443	4,098	3,991	3,443
Preferred Stock	46	46	46	46	46	45	45	45	45	43
Total Common Equity	2,853	3,047	2,780	2,859	3,312	3,189	3,398	4,053	3,947	3,400
Common Stock	4,450	4,638	4,654	4,923	5,785	5,884	6,887	7,497	7,497	7,576
Accumulated Other Comprehensive Income / (Loss)	-13	-5.61	-2.68	-0.07	-10	-9.14	-4.26	8.34	4.91	3.64
Other Equity Adjustments	-1,584	-1,586	-1,872	-2,064	-2,462	-2,686	-3,485	-3,452	-3,555	-4,179
Noncontrolling Interest	0.86	3.86	9.56	17	31	24	31	0.21	0.21	0.34

This table presents UDR's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Total Assets	11,098	11,038	10,968	11,086	11,420	11,373	11,190	11,118	11,080	10,898	10,745
Total Current Assets	30	30	29	30	32	35	32	34	36	35	33
Cash & Equivalents	1.53	1.19	1.17	1.54	1.62	2.92	2.12	2.77	2.29	1.33	1.25
Restricted Cash	28	29	28	29	31	32	30	32	33	34	32
Plant, Property, & Equipment, net	9,862	9,808	9,716	9,497	9,801	9,756	9,584	9,498	9,413	9,312	9,059
Plant, Property & Equipment, gross	15,457	15,570	15,642	15,449	15,919	15,999	15,991	16,071	16,152	16,149	16,056
Accumulated Depreciation	5,595	5,762	5,927	5,952	6,117	6,243	6,407	6,573	6,740	6,837	6,997
Total Noncurrent Assets	1,206	1,201	1,223	1,558	1,586	1,582	1,574	1,586	1,632	1,550	1,653
Long-Term Investments	761	754	751	963	964	953	954	959	966	917	920
Noncurrent Note & Lease Receivables	40	55	71	184	209	229	235	242	280	248	366
Other Noncurrent Operating Assets	405	392	400	411	413	401	385	385	385	384	368
Total Liabilities & Shareholders' Equity	11,098	11,038	10,968	11,086	11,420	11,373	11,190	11,118	11,080	10,898	10,745
Total Liabilities	6,227	6,100	6,145	6,030	6,362	6,421	6,334	6,373	6,467	6,437	6,357
Total Current Liabilities	410	424	380	415	422	436	387	413	418	427	364
Accounts Payable	136	153	112	124	126	141	120	121	119	115	93
Accrued Expenses	87	84	62	86	96	95	65	92	98	99	65
Customer Deposits	54	52	58	57	51	51	50	49	50	62	52
Dividends Payable	133	134	148	148	150	150	152	152	152	152	154
Total Noncurrent Liabilities	5,816	5,677	5,765	5,615	5,940	5,985	5,947	5,960	6,048	6,009	5,993
Long-Term Debt	5,626	5,487	5,577	5,427	5,753	5,799	5,762	5,776	5,865	5,827	5,811
Capital Lease Obligations	190	189	188	188	187	186	185	184	183	182	181
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Redeemable Noncontrolling Interest	920	840	902	936	907	961	937	1,022	1,099	1,017	1,057
Total Equity & Noncontrolling Interests	3,951	4,098	3,921	4,120	4,151	3,991	3,919	3,723	3,514	3,444	3,331
Total Preferred & Common Equity	3,951	4,098	3,921	4,120	4,151	3,991	3,919	3,722	3,514	3,443	3,331
Preferred Stock	45	45	45	45	45	45	45	43	43	43	43
Total Common Equity	3,906	4,053	3,876	4,075	4,106	3,947	3,874	3,679	3,471	3,400	3,288
Common Stock	7,335	7,497	7,497	7,512	7,491	7,497	7,503	7,512	7,530	7,576	7,578
Accumulated Other Comprehensive Income / (Loss)	8.78	8.34	6.82	9.12	8.36	4.91	9.24	7.91	4.61	3.64	2.47
Other Equity Adjustments	-3,438	-3,452	-3,628	-3,446	-3,393	-3,555	-3,638	-3,841	-4,064	-4,179	-4,293
Noncontrolling Interest	0.21	0.21	0.21	0.21	0.21	0.21	0.34	0.34	0.34	0.34	0.34

This table displays calculated financial ratios and metrics derived from UDR's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	9.36%	7.29%	3.74%	5.13%	10.06%	7.72%	4.00%	17.56%	7.26%	2.72%
EBITDA Growth	7.93%	52.72%	-19.56%	19.63%	-6.62%	17.41%	106.61%	2.28%	-27.20%	-28.03%
EBIT Growth	16.25%	149.94%	-42.93%	57.24%	-34.58%	8.00%	121.67%	-27.68%	33.83%	-58.30%
NOPAT Growth	-90.66%	133.47%	-40.98%	54.89%	-38.67%	10.77%	10.55%	-5.92%	153.01%	-55.40%
Net Income Growth	123.45%	-10.30%	-58.59%	67.01%	-9.91%	-65.44%	133.42%	-84.99%	412.52%	-79.79%
EPS Growth	118.64%	-16.28%	-59.26%	68.18%	-14.86%	-68.25%	140.00%	-45.83%	415.38%	-80.60%
Operating Cash Flow Growth	15.44%	16.99%	-3.29%	8.05%	12.49%	-4.18%	9.87%	47.02%	1.54%	5.31%
Free Cash Flow Firm Growth	-124.27%	158.22%	-74.32%	765.18%	-435.40%	112.97%	-4,082.27%	98.73%	7,971.80%	-93.20%
Invested Capital Growth	10.76%	1.74%	2.38%	-3.71%	34.36%	-0.27%	11.33%	-49.02%	-49.33%	-4.26%
Revenue Q/Q Growth	3.24%	0.57%	1.00%	1.43%	3.33%	-0.20%	3.68%	3.51%	0.84%	0.57%
EBITDA Q/Q Growth	2.91%	40.25%	-21.03%	4.41%	-5.53%	5.18%	114.04%	93.03%	1.31%	-6.87%
EBIT Q/Q Growth	1.29%	148.29%	-44.53%	11.28%	-25.44%	18.59%	131.93%	73.70%	2.25%	-20.03%
NOPAT Q/Q Growth	-5.10%	131.85%	-42.42%	10.55%	-26.78%	18.34%	17.86%	-11.87%	0.62%	-9.34%
Net Income Q/Q Growth	44.16%	34.73%	-58.12%	6.74%	8.49%	-52.65%	153.93%	-45.94%	-2.37%	-30.20%
EPS Q/Q Growth	43.33%	30.12%	-58.49%	5.71%	6.78%	-55.56%	140.00%	-46.94%	-2.90%	-29.73%
Operating Cash Flow Q/Q Growth	8.90%	0.12%	-4.39%	4.53%	3.25%	-4.14%	5.24%	4.68%	0.20%	2.51%
Free Cash Flow Firm Q/Q Growth	-222.49%	152.56%	-66.25%	93.73%	-191.94%	135.41%	-1,643.33%	50.19%	1,962.75%	9.39%
Invested Capital Q/Q Growth	12.05%	2.00%	1.48%	-2.39%	14.25%	1.46%	106.19%	98.69%	-0.52%	-1.45%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	67.39%	67.80%	67.67%	67.18%	67.32%	64.49%	146.09%	64.50%	64.44%	63.56%
EBITDA Margin	60.63%	86.30%	66.91%	76.15%	64.61%	70.42%	139.90%	121.72%	82.62%	57.88%
Operating Margin	17.84%	41.76%	22.89%	33.88%	19.19%	20.07%	41.52%	16.53%	39.02%	17.02%
EBIT Margin	18.01%	41.96%	23.08%	34.53%	20.52%	20.58%	43.86%	32.14%	40.11%	16.28%
Profit (Net Income) Margin	39.92%	33.38%	13.32%	21.16%	17.32%	5.56%	24.95%	12.20%	29.15%	5.73%
Tax Burden Percent	351.55%	96.51%	100.18%	99.69%	98.11%	96.44%	198.23%	199.25%	99.56%	99.09%
Interest Burden Percent	63.05%	82.42%	57.60%	61.48%	86.03%	28.00%	57.39%	76.21%	73.01%	35.54%
Effective Tax Rate	-3.83%	3.49%	-0.18%	0.31%	1.89%	3.56%	0.89%	0.75%	0.44%	0.91%
Return on Invested Capital (ROIC)	2.67%	5.87%	3.40%	5.30%	2.83%	2.73%	2.86%	1.69%	4.21%	2.85%
ROIC Less NNEP Spread (ROIC-NNEP)	9.55%	3.37%	0.01%	0.64%	2.33%	-1.05%	0.70%	-0.80%	2.14%	-0.74%
Return on Net Nonoperating Assets (RNNOA)	7.74%	2.29%	0.01%	0.47%	1.98%	-1.11%	1.52%	-1.24%	3.28%	-0.82%
Return on Equity (ROE)	10.40%	8.16%	3.41%	5.77%	4.81%	1.62%	7.24%	2.15%	7.49%	2.04%
Cash Return on Invested Capital (CROIC)	-7.54%	4.14%	1.04%	9.08%	-26.49%	3.00%	-113.22%	-0.90%	69.68%	7.20%
Operating Return on Assets (OROA)	2.22%	5.25%	2.98%	4.68%	2.73%	2.65%	5.55%	2.24%	5.83%	2.44%
Return on Assets (ROA)	4.93%	4.18%	1.72%	2.87%	2.30%	0.72%	3.15%	1.70%	4.23%	0.86%
Return on Common Equity (ROCE)	8.40%	6.13%	2.55%	4.24%	3.57%	1.23%	5.37%	0.82%	6.06%	1.59%
Return on Equity Simple (ROE_SIMPLE)	12.32%	10.36%	4.69%	7.62%	5.94%	2.13%	4.68%	2.26%	11.89%	2.78%
Net Operating Profit after Tax (NOPAT)	166	387	228	354	217	240	266	250	632	282
NOPAT Margin	18.52%	40.30%	22.93%	33.78%	18.82%	19.36%	20.58%	16.47%	38.85%	16.87%
Net Nonoperating Expense Percent (NNEP)	-6.88%	2.50%	3.38%	4.65%	0.49%	3.78%	4.46%	2.09%	2.08%	3.59%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	2.56%	6.34%	2.98%
Cost of Revenue to Revenue	32.61%	32.20%	32.33%	32.82%	32.68%	35.51%	74.02%	70.99%	35.56%	36.44%
SG&A Expenses to Revenue	6.67%	5.18%	4.88%	4.49%	4.47%	4.02%	4.46%	4.23%	4.30%	5.04%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	49.55%	26.04%	44.78%	33.30%	48.14%	44.42%	104.57%	47.97%	25.42%	46.54%
Earnings before Interest and Taxes (EBIT)	161	403	230	361	236	255	566	488	653	272
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	542	828	666	797	744	874	1,806	1,847	1,345	968
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.52	2.41	2.89	3.00	3.43	3.09	9.87	2.83	3.03	4.17
Price to Tangible Book Value (P/TBV)	2.52	2.41	2.89	3.00	3.43	3.09	9.87	2.83	3.03	4.17
Price to Revenue (P/Rev)	8.04	7.66	8.07	8.19	9.87	7.95	12.93	7.56	7.34	8.48
Price to Earnings (P/E)	21.37	25.45	68.22	43.04	62.89	164.36	229.94	138.97	27.18	167.27
Dividend Yield	3.98%	4.22%	4.08%	4.00%	3.48%	5.32%	2.68%	4.27%	4.52%	3.95%
Earnings Yield	4.68%	3.93%	1.47%	2.32%	1.59%	0.61%	1.75%	0.72%	3.68%	0.60%
Enterprise Value to Invested Capital (EV/IC)	1.65	1.64	1.76	1.86	1.90	1.75	2.35	1.73	1.78	2.10
Enterprise Value to Revenue (EV/Rev)	12.06	11.32	12.02	11.62	14.54	12.36	35.66	11.36	11.03	12.14
Enterprise Value to EBITDA (EV/EBITDA)	19.89	13.12	17.97	15.27	22.51	17.55	50.97	18.67	13.35	20.97
Enterprise Value to EBIT (EV/EBIT)	66.97	26.98	52.09	33.67	70.85	60.07	162.59	143.52	27.50	74.54
Enterprise Value to NOPAT (EV/NOPAT)	65.13	28.09	52.44	34.41	77.25	63.86	86.38	69.01	28.39	71.97
Enterprise Value to Operating Cash Flow (EV/OCF)	23.53	20.25	23.07	21.70	26.56	25.38	69.32	21.03	21.56	23.14
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	39.82	170.83	20.07	0.00	58.17	0.00	0.00	1.72	28.51
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.93	0.85	0.97	0.91	1.11	1.26	1.17	2.30	1.21	1.35
Long-Term Debt to Equity	0.93	0.85	0.97	0.91	1.11	1.26	2.35	1.15	1.21	1.35
Financial Leverage	0.81	0.68	0.73	0.74	0.85	1.06	1.09	1.55	1.54	1.10
Leverage Ratio	2.11	1.95	1.98	2.01	2.09	2.26	4.59	2.25	2.27	2.37
Compound Leverage Factor	1.33	1.61	1.14	1.24	1.80	0.63	2.64	0.86	1.65	0.84
Debt to Total Capital	48.14%	45.92%	49.25%	47.66%	52.67%	55.69%	108.01%	106.96%	54.72%	57.39%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	48.14%	45.92%	49.25%	47.66%	52.67%	55.69%	108.01%	106.96%	54.72%	57.39%
Preferred Equity to Total Capital	0.63%	0.63%	0.62%	0.62%	0.50%	0.48%	0.87%	0.85%	0.41%	0.41%
Noncontrolling Interests to Total Capital	12.77%	12.33%	12.85%	13.30%	11.27%	9.48%	25.89%	15.97%	8.79%	9.72%
Common Equity to Total Capital	38.47%	41.13%	37.28%	38.42%	35.56%	34.34%	66.10%	77.07%	36.08%	32.47%
Debt to EBITDA	6.58	4.11	5.51	4.45	6.59	5.92	12.42	12.29	4.45	6.21
Net Debt to EBITDA	4.80	3.08	4.40	3.21	5.76	5.20	10.80	10.59	3.72	5.23
Long-Term Debt to EBITDA	6.58	4.11	5.51	4.45	6.59	5.92	12.42	6.15	4.45	6.21
Debt to NOPAT	21.55	8.79	16.08	10.03	22.62	21.53	42.21	45.44	9.47	21.31
Net Debt to NOPAT	15.72	6.60	12.83	7.23	19.75	18.93	36.71	19.58	7.90	17.93
Long-Term Debt to NOPAT	21.55	8.79	16.08	10.03	22.62	21.53	42.21	45.44	9.47	21.31
Altman Z-Score	1.28	1.46	1.41	1.63	1.47	1.25	1.83	1.30	1.41	1.51
Noncontrolling Interest Sharing Ratio	19.28%	24.87%	25.21%	26.57%	25.67%	23.71%	51.78%	23.27%	19.12%	21.96%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.11	0.08	0.08	0.78	0.10	0.07	0.23	0.22	0.08	0.08
Quick Ratio	0.03	0.01	0.01	0.69	0.03	0.00	0.00	0.00	0.01	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-469	273	70	606	-2,034	264	-10,502	-133	10,462	712
Operating Cash Flow to CapEx	0.00%	0.00%	342.14%	0.00%	41.57%	198.75%	117.42%	152.90%	18,804.52%	506.74%
Free Cash Flow to Firm to Interest Expense	-3.85	2.22	0.54	4.52	-11.90	1.30	-56.38	-0.85	57.84	3.64
Operating Cash Flow to Interest Expense	3.76	4.36	4.03	4.18	3.69	2.98	7.13	10.52	4.60	4.48
Operating Cash Flow Less CapEx to Interest Expense	3.97	4.71	2.85	5.15	-5.19	1.48	-2.51	3.64	4.58	3.60
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.12	0.13	0.13	0.14	0.13	0.13	0.13	0.28	0.15	0.15
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.14	0.15	0.15	0.16	0.15	0.15	0.14	0.16	0.17	0.18
Accounts Payable Turnover	3.38	3.34	3.11	3.83	4.53	4.38	7.71	3.71	3.93	4.75
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	107.99	109.34	117.23	95.25	80.65	83.25	302.21	196.64	92.87	76.82
Cash Conversion Cycle (CCC)	-107.99	-109.34	-117.23	-95.25	-80.65	-83.25	-94.72	-98.32	-92.87	-76.82
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,532	6,646	6,804	6,551	8,802	8,778	19,546	19,929	10,099	9,669
Invested Capital Turnover	0.14	0.15	0.15	0.16	0.15	0.14	0.28	0.21	0.11	0.17
Increase / (Decrease) in Invested Capital	634	114	158	-253	2,251	-23	10,767	1,037	-9,830	-430
Enterprise Value (EV)	10,791	10,867	11,973	12,169	16,754	15,340	22,942	17,243	17,949	20,293
Market Capitalization	7,193	7,355	8,040	8,575	11,374	9,867	16,692	11,466	11,947	14,176
Book Value per Share	$10.89	$11.40	$10.38	$10.65	$11.30	$10.83	$21.98	$12.45	$12.00	$10.30
Tangible Book Value per Share	$10.89	$11.40	$10.38	$10.65	$11.30	$10.83	$21.98	$25.05	$12.00	$10.30
Total Capital	7,418	7,408	7,455	7,443	9,314	9,287	10,379	10,615	10,937	10,470
Total Debt	3,571	3,401	3,672	3,548	4,906	5,172	11,211	11,353	5,985	6,009
Total Long-Term Debt	3,571	3,401	3,672	3,548	4,906	5,172	11,211	5,677	5,985	6,009
Net Debt	2,604	2,552	2,929	2,558	4,285	4,548	9,749	9,784	4,997	5,056
Capital Expenditures (CapEx)	-25	-43	152	-130	1,517	304	2,262	1,073	4.43	173
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-246	-272	-278	-268	-322	-351	-579	-424	-436	-427
Debt-free Net Working Capital (DFNWC)	-218	-250	-256	-60	-289	-326	-522	-563	-401	-392
Net Working Capital (NWC)	-218	-250	-256	-60	-289	-326	-522	-394	-401	-392
Net Nonoperating Expense (NNE)	-191	66	96	132	17	171	209	157	158	186
Net Nonoperating Obligations (NNO)	2,685	2,639	3,020	2,656	4,394	4,664	9,998	10,052	5,146	5,208
Total Depreciation and Amortization (D&A)	381	426	436	436	508	619	1,240	1,359	692	695
Debt-free, Cash-free Net Working Capital to Revenue	-27.50%	-28.30%	-27.93%	-25.64%	-27.98%	-28.24%	-30.69%	-41.10%	-26.81%	-25.57%
Debt-free Net Working Capital to Revenue	-24.42%	-26.00%	-25.74%	-5.69%	-25.09%	-26.29%	-40.46%	-37.12%	-24.66%	-23.45%
Net Working Capital to Revenue	-24.42%	-26.00%	-25.74%	-5.69%	-25.09%	-26.29%	-40.46%	-25.94%	-24.66%	-23.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.30	$1.09	$0.44	$0.74	$0.63	$0.20	$0.49	$0.26	$1.34	$0.26
Adjusted Weighted Average Basic Shares Outstanding	258.67M	265.39M	267.02M	268.18M	285.25M	294.55M	300.33M	321.67M	328.77M	329.29M
Adjusted Diluted Earnings per Share	$1.29	$1.08	$0.44	$0.74	$0.63	$0.20	$0.48	$0.26	$1.34	$0.26
Adjusted Weighted Average Diluted Shares Outstanding	263.75M	267.31M	268.83M	269.48M	286.02M	294.93M	301.70M	322.70M	329.10M	330.12M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	262.13M	267.37M	268.16M	275.61M	294.63M	296.82M	318.26M	329.17M	329.22M	331.13M
Normalized Net Operating Profit after Tax (NOPAT)	112	169	129	218	212	125	531	224	283	265
Normalized NOPAT Margin	12.49%	17.56%	12.97%	20.81%	18.37%	10.09%	41.15%	31.26%	17.36%	15.87%
Pre Tax Income Margin	11.36%	34.58%	13.30%	21.23%	17.65%	5.76%	25.17%	6.12%	29.28%	5.79%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.32	3.27	1.79	2.69	1.38	1.26	3.04	1.56	3.61	1.39
NOPAT to Interest Expense	1.36	3.14	1.77	2.64	1.27	1.19	2.85	3.21	3.50	1.44
EBIT Less CapEx to Interest Expense	1.53	3.62	0.61	3.66	-7.49	-0.24	-4.55	-3.75	3.58	0.51
NOPAT Less CapEx to Interest Expense	1.57	3.49	0.60	3.60	-7.61	-0.31	-9.29	-3.68	3.47	0.56
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	83.31%	106.85%	273.33%	170.86%	209.80%	660.58%	585.95%	1,128.25%	122.28%	632.20%
Augmented Payout Ratio	83.31%	106.85%	273.33%	179.89%	209.80%	689.29%	585.95%	1,234.16%	127.55%	632.20%

This table displays calculated financial ratios and metrics derived from UDR's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	18.66%	14.78%	11.84%	9.58%	4.81%	3.41%	3.53%	2.66%	2.45%	2.29%	2.01%
EBITDA Growth	16.25%	-11.31%	13.20%	416.68%	7.35%	-46.69%	-45.91%	-78.40%	-49.17%	-25.62%	12.62%
EBIT Growth	185.80%	-29.26%	195.68%	2,829.20%	26.76%	16.07%	-36.29%	-90.77%	-49.33%	-65.81%	44.95%
NOPAT Growth	92.08%	-26.83%	180.90%	723.95%	48.88%	3.79%	-39.75%	-82.83%	-8.85%	-50.64%	54.02%
Net Income Growth	32.06%	-62.37%	125.47%	6,801.25%	40.86%	-24.24%	40.65%	-91.62%	-32.02%	-115.36%	77.22%
EPS Growth	16.67%	-62.16%	125.00%	10,400.00%	42.86%	-28.57%	44.44%	-92.38%	-40.00%	-110.00%	76.92%
Operating Cash Flow Growth	33.68%	20.27%	4.34%	4.14%	-0.93%	0.75%	-0.25%	-1.45%	13.09%	9.80%	-6.79%
Free Cash Flow Firm Growth	143.87%	88.42%	93.66%	-92.91%	-100.49%	59.81%	2,129.40%	-97.39%	566.07%	1,275.30%	-94.92%
Invested Capital Growth	-47.10%	1.96%	-49.00%	-0.75%	1.21%	1.35%	-49.93%	0.38%	-3.35%	-4.26%	-3.88%
Revenue Q/Q Growth	5.99%	2.14%	-0.03%	2.50%	1.38%	0.77%	0.09%	0.41%	1.17%	0.61%	-0.18%
EBITDA Q/Q Growth	212.34%	27.86%	-8.11%	141.34%	-115.02%	-43.42%	-6.77%	-3.64%	0.00%	-17.20%	41.17%
EBIT Q/Q Growth	254.40%	-24.57%	50.54%	1,011.27%	-163.14%	-30.92%	-17.37%	-12.22%	1.13%	-53.39%	250.31%
NOPAT Q/Q Growth	58.57%	92.22%	90.23%	200.58%	-80.47%	21.86%	-15.77%	-14.35%	3.67%	-34.01%	162.84%
Net Income Q/Q Growth	737.55%	177.55%	-61.27%	2,048.64%	-90.43%	1.53%	28.78%	-33.03%	-22.36%	-122.94%	1,585.99%
EPS Q/Q Growth	1,200.00%	200.00%	-71.43%	1,066.67%	-180.95%	0.00%	30.00%	-38.46%	-25.00%	-116.67%	2,400.00%
Operating Cash Flow Q/Q Growth	-13.72%	6.30%	-45.46%	44.02%	-15.86%	7.60%	-23.50%	42.28%	-3.44%	4.47%	-35.06%
Free Cash Flow Firm Q/Q Growth	203.81%	-101.12%	-498.50%	334.37%	-107.60%	53.94%	24,832.63%	-99.70%	1,258.85%	16.16%	6.89%
Invested Capital Q/Q Growth	0.27%	-0.66%	199.67%	-100.53%	3.32%	-0.52%	-1.28%	-1.07%	-0.52%	-1.45%	-0.90%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	63.86%	65.35%	65.27%	164.47%	164.02%	64.02%	63.14%	63.80%	63.43%	63.87%	62.92%
EBITDA Margin	57.66%	65.39%	120.21%	286.52%	60.04%	67.43%	62.81%	60.27%	59.58%	49.03%	69.34%
Operating Margin	16.08%	22.34%	33.13%	196.02%	38.07%	22.81%	19.28%	16.53%	16.63%	15.68%	28.96%
EBIT Margin	14.16%	22.34%	33.64%	201.19%	36.58%	25.07%	20.70%	18.10%	18.09%	8.38%	29.42%
Profit (Net Income) Margin	6.43%	11.88%	8.24%	183.01%	17.27%	8.70%	11.20%	7.47%	5.73%	-1.31%	19.45%
Tax Burden Percent	197.05%	202.92%	198.59%	199.27%	197.61%	99.74%	99.28%	98.77%	100.65%	105.99%	99.81%
Interest Burden Percent	46.05%	104.82%	49.35%	182.59%	95.59%	34.79%	54.48%	41.77%	31.47%	-14.71%	66.25%
Effective Tax Rate	2.95%	-2.92%	0.71%	0.36%	1.19%	0.26%	0.72%	1.23%	-0.65%	0.00%	0.19%
Return on Invested Capital (ROIC)	1.60%	3.48%	1.74%	31.89%	3.01%	3.69%	2.10%	2.74%	2.79%	1.86%	4.97%
ROIC Less NNEP Spread (ROIC-NNEP)	1.13%	2.62%	2.65%	30.85%	2.19%	2.55%	1.68%	2.24%	2.19%	0.85%	4.19%
Return on Net Nonoperating Assets (RNNOA)	1.90%	2.71%	2.13%	30.27%	2.27%	2.62%	2.66%	3.35%	3.48%	0.94%	4.67%
Return on Equity (ROE)	3.50%	6.19%	7.73%	61.69%	15.06%	6.31%	4.77%	6.09%	6.26%	2.80%	9.64%
Cash Return on Invested Capital (CROIC)	-1.84%	-1.35%	-130.27%	20.07%	10.05%	104.29%	70.87%	102.66%	6.52%	7.20%	7.29%
Operating Return on Assets (OROA)	1.93%	3.11%	4.85%	29.06%	2.62%	3.64%	3.07%	2.69%	2.67%	1.26%	4.51%
Return on Assets (ROA)	0.88%	1.65%	2.37%	26.44%	1.24%	1.26%	1.66%	1.11%	0.85%	-0.20%	2.98%
Return on Common Equity (ROCE)	2.65%	4.75%	2.95%	24.52%	4.26%	5.11%	3.82%	4.82%	4.91%	2.18%	7.47%
Return on Equity Simple (ROE_SIMPLE)	4.33%	0.00%	2.83%	11.55%	11.71%	0.00%	12.45%	3.99%	3.91%	0.00%	3.95%
Net Operating Profit after Tax (NOPAT)	62	91	131	395	77	94	79	68	70	46	122
NOPAT Margin	15.84%	22.66%	32.90%	97.66%	18.81%	22.75%	19.14%	16.33%	16.73%	10.98%	28.90%
Net Nonoperating Expense Percent (NNEP)	0.48%	0.86%	0.88%	1.04%	2.51%	1.14%	0.43%	0.50%	0.60%	1.00%	0.77%
Return On Investment Capital (ROIC_SIMPLE)	-	0.93%	-	-	-	0.94%	-	-	-	0.49%	1.31%
Cost of Revenue to Revenue	36.14%	34.65%	69.47%	71.06%	35.98%	35.98%	36.86%	36.20%	36.57%	36.13%	37.08%
SG&A Expenses to Revenue	4.05%	4.21%	9.51%	9.19%	8.52%	5.04%	4.31%	4.85%	4.97%	6.02%	4.62%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	47.78%	43.01%	132.14%	-33.54%	125.94%	41.22%	43.85%	47.27%	46.81%	48.19%	33.96%
Earnings before Interest and Taxes (EBIT)	118	89	134	814	150	104	86	75	76	35	124
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	459	523	480	1,159	492	279	260	250	250	207	293
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.19	2.83	3.27	6.72	2.71	3.03	3.11	3.64	4.27	4.17	4.50
Price to Tangible Book Value (P/TBV)	3.19	5.78	3.27	6.72	2.71	3.03	3.11	3.64	4.27	4.17	4.50
Price to Revenue (P/Rev)	8.50	7.56	8.12	8.40	6.90	7.34	7.33	8.12	8.91	8.48	8.81
Price to Earnings (P/E)	80.10	284.19	127.09	30.30	24.67	27.18	26.66	100.83	120.65	167.27	125.06
Dividend Yield	3.87%	4.27%	3.95%	3.83%	9.43%	4.52%	4.59%	4.14%	3.76%	3.95%	3.80%
Earnings Yield	1.25%	1.42%	0.79%	3.30%	4.05%	3.68%	3.75%	0.99%	0.83%	0.60%	0.80%
Enterprise Value to Invested Capital (EV/IC)	1.84	1.73	1.87	1.93	3.41	1.78	1.80	1.97	2.14	2.10	2.19
Enterprise Value to Revenue (EV/Rev)	12.58	23.07	11.93	11.91	10.55	11.03	10.95	11.77	12.63	12.14	12.46
Enterprise Value to EBITDA (EV/EBITDA)	19.28	18.95	9.77	14.54	12.83	13.35	13.18	18.78	20.21	20.97	20.93
Enterprise Value to EBIT (EV/EBIT)	65.69	35.35	70.02	15.35	26.67	27.50	26.79	57.28	61.69	74.54	67.39
Enterprise Value to NOPAT (EV/NOPAT)	65.06	140.08	34.63	62.91	54.95	28.39	27.85	61.12	67.51	71.97	64.38
Enterprise Value to Operating Cash Flow (EV/OCF)	23.54	21.03	22.49	22.83	20.49	21.56	21.61	23.46	24.55	23.14	24.20
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	47.93	33.57	1.72	1.70	1.92	32.27	28.51	29.40
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.19	1.15	1.20	2.22	1.17	1.21	1.22	1.26	1.31	1.35	1.37
Long-Term Debt to Equity	1.19	2.30	2.39	1.11	2.35	1.21	1.22	1.26	1.31	1.35	1.37
Financial Leverage	1.69	2.06	1.62	1.99	2.06	1.03	1.59	1.50	1.59	1.10	1.11
Leverage Ratio	2.34	2.25	2.28	2.22	4.54	2.27	2.29	2.27	2.33	2.37	2.37
Compound Leverage Factor	1.08	2.35	2.25	4.06	2.17	0.79	1.25	0.95	0.73	-0.35	1.57
Debt to Total Capital	54.42%	53.48%	54.45%	105.24%	108.01%	54.72%	55.05%	55.68%	56.73%	57.39%	57.72%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	54.42%	53.48%	108.90%	105.24%	108.01%	54.72%	55.05%	55.68%	56.73%	57.39%	57.72%
Preferred Equity to Total Capital	0.42%	0.85%	0.85%	0.84%	0.41%	0.41%	0.41%	0.40%	0.41%	0.41%	0.42%
Noncontrolling Interests to Total Capital	8.61%	7.91%	8.52%	8.77%	16.65%	8.79%	8.68%	9.55%	10.31%	9.72%	10.19%
Common Equity to Total Capital	36.55%	77.07%	36.61%	77.07%	37.34%	36.08%	35.86%	34.37%	32.55%	32.47%	31.67%
Debt to EBITDA	6.08	3.07	3.03	8.59	4.48	4.45	4.36	5.76	5.82	6.21	5.99
Net Debt to EBITDA	5.25	5.30	2.62	7.07	7.45	3.72	3.64	4.80	4.86	5.23	5.04
Long-Term Debt to EBITDA	6.08	6.15	6.06	4.30	4.48	4.45	4.36	5.76	5.82	6.21	5.99
Debt to NOPAT	20.52	22.72	10.74	18.31	18.91	9.47	9.21	18.74	19.45	21.31	18.42
Net Debt to NOPAT	17.73	19.58	18.56	7.54	15.73	7.90	7.68	15.62	16.23	17.93	15.49
Long-Term Debt to NOPAT	20.52	22.72	10.74	18.31	9.45	9.47	9.21	18.74	19.45	21.31	18.42
Altman Z-Score	1.31	1.25	2.79	1.56	1.17	1.25	1.27	1.39	1.51	1.44	1.55
Noncontrolling Interest Sharing Ratio	24.27%	23.27%	47.56%	41.02%	19.31%	19.12%	19.93%	20.87%	21.66%	21.96%	22.53%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.07	0.07	0.08	0.25	0.18	0.08	0.08	0.08	0.09	0.08	0.09
Quick Ratio	0.00	0.00	0.01	0.01	0.00	0.01	0.01	0.01	0.01	0.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	8,991	-101	-494	1,157	-88	-41	10,022	30	410	476	509
Operating Cash Flow to CapEx	582.43%	1,147.37%	285.33%	0.00%	412.04%	235,560.22%	0.00%	323.81%	309.90%	361.17%	0.00%
Free Cash Flow to Firm to Interest Expense	225.32	-2.33	-5.96	12.70	-0.98	-0.86	208.52	0.63	8.17	9.60	10.67
Operating Cash Flow to Interest Expense	5.13	5.03	7.68	5.36	4.56	4.63	3.49	4.99	4.59	4.85	3.27
Operating Cash Flow Less CapEx to Interest Expense	3.37	4.15	4.99	8.76	2.35	4.63	4.35	3.45	3.11	3.51	6.25
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.14	0.28	0.29	0.29	0.14	0.15	0.15	0.15	0.15	0.15	0.15
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.15	0.16	0.16	0.17	0.16	0.17	0.17	0.17	0.17	0.18	0.18
Accounts Payable Turnover	4.22	3.71	4.79	4.30	4.34	3.93	5.12	4.89	4.94	4.75	5.76
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	86.55	98.32	76.16	84.87	84.06	92.87	71.32	74.71	73.94	76.82	63.40
Cash Conversion Cycle (CCC)	-86.55	-98.32	-76.16	-84.87	-84.06	-92.87	-71.32	-74.71	-73.94	-76.82	-63.40
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	10,030	9,964	19,912	9,825	10,151	10,099	9,969	9,863	9,811	9,669	9,582
Invested Capital Turnover	0.10	0.15	0.11	0.16	0.16	0.16	0.11	0.17	0.17	0.17	0.17
Increase / (Decrease) in Invested Capital	-8,929	654	392	-178	10,113	135	-9,943	38	-340	-430	-387
Enterprise Value (EV)	18,445	17,243	18,599	18,995	17,027	17,949	17,983	19,442	20,999	20,293	20,941
Market Capitalization	12,455	11,466	12,668	13,393	11,132	11,947	12,040	13,410	14,810	14,176	14,801
Book Value per Share	$12.02	$12.45	$11.78	$24.76	$12.46	$12.00	$11.78	$11.17	$10.52	$10.30	$9.93
Tangible Book Value per Share	$12.02	$12.45	$23.57	$24.76	$24.93	$12.00	$11.78	$11.17	$10.52	$10.30	$9.93
Total Capital	10,688	10,615	21,176	21,341	10,998	10,937	10,804	10,705	10,661	10,470	10,381
Total Debt	5,816	5,677	5,765	11,230	11,879	5,985	5,947	5,960	6,048	6,009	5,993
Total Long-Term Debt	5,816	5,677	11,531	11,230	11,879	5,985	5,947	5,960	6,048	6,009	5,993
Net Debt	5,025	4,892	4,985	4,621	9,886	4,997	4,961	4,967	5,047	5,056	5,039
Capital Expenditures (CapEx)	140	38	118	-153	99	0.09	-42	74	74	67	-142
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-410	-624	-518	-586	-725	-436	-387	-413	-418	-427	-364
Debt-free Net Working Capital (DFNWC)	-380	-563	-460	-526	-660	-401	-355	-379	-383	-392	-331
Net Working Capital (NWC)	-380	-394	-460	-385	-390	-401	-355	-379	-383	-392	-331
Net Nonoperating Expense (NNE)	37	43	33	50	42	58	33	37	46	52	40
Net Nonoperating Obligations (NNO)	5,159	5,026	10,266	9,539	10,186	5,146	5,113	5,118	5,198	5,208	5,193
Total Depreciation and Amortization (D&A)	340	172	173	345	342	175	174	175	174	172	168
Debt-free, Cash-free Net Working Capital to Revenue	-27.99%	-41.10%	-33.21%	-36.76%	-26.16%	-26.81%	-23.55%	-25.00%	-25.16%	-25.57%	-21.66%
Debt-free Net Working Capital to Revenue	-25.95%	-25.94%	-22.46%	-32.95%	-24.15%	-24.66%	-21.60%	-22.92%	-23.02%	-23.45%	-19.68%
Net Working Capital to Revenue	-25.95%	-37.12%	-29.46%	-32.95%	-24.15%	-24.66%	-21.60%	-22.92%	-23.02%	-23.45%	-19.68%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.07	$0.14	$0.09	$1.05	$0.10	$0.10	$0.13	$0.08	$0.06	($0.01)	$0.23
Adjusted Weighted Average Basic Shares Outstanding	324.70M	321.67M	328.79M	328.96M	328.76M	328.77M	328.82M	329.06M	329.42M	329.29M	330.63M
Adjusted Diluted Earnings per Share	$0.07	$0.14	$0.09	$1.05	$0.10	$0.10	$0.13	$0.08	$0.06	($0.01)	$0.23
Adjusted Weighted Average Diluted Shares Outstanding	325.69M	322.70M	329.42M	332.48M	329.20M	329.10M	328.95M	329.57M	330.56M	330.12M	331.72M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	325.54M	329.17M	329.17M	329.48M	328.93M	329.22M	329.31M	329.82M	329.96M	331.13M	331.30M
Normalized Net Operating Profit after Tax (NOPAT)	62	45	131	465	77	94	79	68	49	46	74
Normalized NOPAT Margin	15.84%	11.17%	32.90%	115.05%	18.81%	22.75%	19.14%	16.33%	11.64%	10.98%	17.56%
Pre Tax Income Margin	6.52%	11.71%	16.60%	183.68%	8.74%	8.72%	11.28%	7.56%	5.69%	-1.23%	19.49%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.39	2.06	1.54	18.04	1.68	2.19	1.78	1.57	1.51	0.71	2.60
NOPAT to Interest Expense	1.55	2.09	1.50	8.76	3.45	1.99	1.65	1.42	1.40	0.94	2.56
EBIT Less CapEx to Interest Expense	-0.37	1.19	0.38	12.42	-0.53	2.19	2.65	0.03	0.03	-0.63	5.57
NOPAT Less CapEx to Interest Expense	-0.21	1.22	0.16	24.31	-0.49	1.98	2.51	-0.12	-0.08	-0.41	5.53
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	297.80%	1,128.25%	959.96%	115.44%	116.16%	122.28%	122.11%	403.01%	438.56%	632.20%	461.84%
Augmented Payout Ratio	306.64%	617.08%	959.96%	115.44%	256.56%	127.55%	122.11%	403.01%	438.56%	632.20%	461.84%

Frequently Asked Questions About UDR's Financials

When does UDR's financial year end?

According to the most recent income statement we have on file, UDR's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has UDR's net income changed over the last 9 years?

UDR's net income appears to be on a downward trend, with a most recent value of $95.88 million in 2024, falling from $357.16 million in 2015. The previous period was $474.49 million in 2023. Check out UDR's forecast to explore projected trends and price targets.

What is UDR's operating income?

UDR's total operating income in 2024 was $284.57 million, based on the following breakdown:

Total Gross Profit: $1.06 billion
Total Operating Expenses: $778.09 million

How has UDR revenue changed over the last 9 years?

Over the last 9 years, UDR's total revenue changed from $894.64 million in 2015 to $1.67 billion in 2024, a change of 86.9%.

How much debt does UDR have?

UDR's total liabilities were at $6.44 billion at the end of 2024, a 0.2% increase from 2023, and a 68.6% increase since 2015.

How much cash does UDR have?

In the past 9 years, UDR's cash and equivalents has ranged from $967 thousand in 2021 to $185.22 million in 2018, and is currently $1.33 million as of their latest financial filing in 2024.

How has UDR's book value per share changed over the last 9 years?

Over the last 9 years, UDR's book value per share changed from 10.89 in 2015 to 10.30 in 2024, a change of -5.4%.

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This page (NYSE:UDR) was last updated on 5/4/2025 by MarketBeat.com Staff

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UDR (UDR) Financials

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UDR (UDR) Financials

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