The Filings Report

UDR, Inc.

UDRNYSECIK 74208Real Estate / REITsfiscal year ends December70 quarters since 2009

Revenue, Q3 FY2026
$428M
−0.9% on Q3 FY2025
Net income
$216M
+434.8% on Q3 FY2025
Free cash flow
—
no year-earlier figure
Diluted EPS
$0.67
+458.3% on Q3 FY2025
Revenue, TTM
$1.7B
trailing four quarters
Net margin, TTM
40.8%
net income $698M
Free cash flow, TTM
—
Cash and equivalents
$1M
long-term debt $5.8B, Sep 30, 2026
Shares, 12-month change
−4.1%
317M shares, Sep 30, 2026
Buybacks, TTM
$393M
3.5% of market value
Dividends, TTM
$565M
5.0% of market value
Market value
$11.4B
at the close, buybacks

Latest quarter Q3 FY2026, filed November 3, 2026. Trailing figures sum the latest four quarters. Market values at the latest close, from a market data vendor.

In Q3 FY2026, the quarter ended September 30, 2026, UDR, Inc. reported revenue of $428M, −0.9% on Q3 FY2025, and net income of $216M (+434.8%). Operating margin was 63.1%. Diluted earnings per share were $0.67.

The last 16 quarters

Q4 FY2022 to Q3 FY2026, through the filing of November 3, 2026.

Revenue and net incomeRevenueNet income
−$200M$0$200M$400M$600MQ4'22, Revenue: $400MQ4'22, Net income: $45MQ4'22Q1'23, Revenue: $400MQ1'23, Net income: $31MQ1'23Q2'23, Revenue: $405MQ2'23, Net income: $348MQ2'23Q3'23, Revenue: $410MQ3'23, Net income: $33MQ3'23Q4'23, Revenue: $413MQ4'23, Net income: $33MQ4'23Q1'24, Revenue: $414MQ1'24, Net income: $43MQ1'24Q2'24, Revenue: $415MQ2'24, Net income: $29MQ2'24Q3'24, Revenue: $420MQ3'24, Net income: $23MQ3'24Q4'24, Revenue: $423MQ4'24, Net income: −$5MQ4'24Q1'25, Revenue: $422MQ1'25, Net income: $77MQ1'25Q2'25, Revenue: $425MQ2'25, Net income: $38MQ2'25Q3'25, Revenue: $432MQ3'25, Net income: $40MQ3'25Q4'25, Revenue: $433MQ4'25, Net income: $223MQ4'25Q1'26, Revenue: $426MQ1'26, Net income: $190MQ1'26Q2'26, Revenue: $425MQ2'26, Net income: $69MQ2'26Q3'26, Revenue: $428MQ3'26, Net income: $216MQ3'26−$200M$0$200M$400M$600MQ4'22, Revenue: $400MQ4'22, Net income: $45MQ1'23, Revenue: $400MQ1'23, Net income: $31MQ1'23Q2'23, Revenue: $405MQ2'23, Net income: $348MQ3'23, Revenue: $410MQ3'23, Net income: $33MQ3'23Q4'23, Revenue: $413MQ4'23, Net income: $33MQ1'24, Revenue: $414MQ1'24, Net income: $43MQ1'24Q2'24, Revenue: $415MQ2'24, Net income: $29MQ3'24, Revenue: $420MQ3'24, Net income: $23MQ3'24Q4'24, Revenue: $423MQ4'24, Net income: −$5MQ1'25, Revenue: $422MQ1'25, Net income: $77MQ1'25Q2'25, Revenue: $425MQ2'25, Net income: $38MQ3'25, Revenue: $432MQ3'25, Net income: $40MQ3'25Q4'25, Revenue: $433MQ4'25, Net income: $223MQ1'26, Revenue: $426MQ1'26, Net income: $190MQ1'26Q2'26, Revenue: $425MQ2'26, Net income: $69MQ3'26, Revenue: $428MQ3'26, Net income: $216MQ3'26

Net income losses drawn in red.

Cash and equivalents against long-term debtCash and equivalentsLong-term debt
$0$2B$4B$6BQ4'22, Cash and equivalents: $1MQ4'22, Long-term debt: $5.5BQ4'22Q1'23, Cash and equivalents: $1MQ1'23, Long-term debt: $5.6BQ1'23Q2'23, Cash and equivalents: $2MQ2'23, Long-term debt: $5.4BQ2'23Q3'23, Cash and equivalents: $2MQ3'23, Long-term debt: $5.8BQ3'23Q4'23, Cash and equivalents: $3MQ4'23, Long-term debt: $5.8BQ4'23Q1'24, Cash and equivalents: $2MQ1'24, Long-term debt: $5.8BQ1'24Q2'24, Cash and equivalents: $3MQ2'24, Long-term debt: $5.8BQ2'24Q3'24, Cash and equivalents: $2MQ3'24, Long-term debt: $5.9BQ3'24Q4'24, Cash and equivalents: $1MQ4'24, Long-term debt: $5.8BQ4'24Q1'25, Cash and equivalents: $1MQ1'25, Long-term debt: $5.8BQ1'25Q2'25, Cash and equivalents: $2MQ2'25, Long-term debt: $5.8BQ2'25Q3'25, Cash and equivalents: $1MQ3'25, Long-term debt: $5.8BQ3'25Q4'25, Cash and equivalents: $1MQ4'25, Long-term debt: $5.8BQ4'25Q1'26, Cash and equivalents: $1MQ1'26, Long-term debt: $5.7BQ1'26Q2'26, Cash and equivalents: $1MQ2'26, Long-term debt: $5.8BQ2'26Q3'26, Cash and equivalents: $1MQ3'26, Long-term debt: $5.8BQ3'26$0$2B$4B$6BQ4'22, Cash and equivalents: $1MQ4'22, Long-term debt: $5.5BQ1'23, Cash and equivalents: $1MQ1'23, Long-term debt: $5.6BQ1'23Q2'23, Cash and equivalents: $2MQ2'23, Long-term debt: $5.4BQ3'23, Cash and equivalents: $2MQ3'23, Long-term debt: $5.8BQ3'23Q4'23, Cash and equivalents: $3MQ4'23, Long-term debt: $5.8BQ1'24, Cash and equivalents: $2MQ1'24, Long-term debt: $5.8BQ1'24Q2'24, Cash and equivalents: $3MQ2'24, Long-term debt: $5.8BQ3'24, Cash and equivalents: $2MQ3'24, Long-term debt: $5.9BQ3'24Q4'24, Cash and equivalents: $1MQ4'24, Long-term debt: $5.8BQ1'25, Cash and equivalents: $1MQ1'25, Long-term debt: $5.8BQ1'25Q2'25, Cash and equivalents: $2MQ2'25, Long-term debt: $5.8BQ3'25, Cash and equivalents: $1MQ3'25, Long-term debt: $5.8BQ3'25Q4'25, Cash and equivalents: $1MQ4'25, Long-term debt: $5.8BQ1'26, Cash and equivalents: $1MQ1'26, Long-term debt: $5.7BQ1'26Q2'26, Cash and equivalents: $1MQ2'26, Long-term debt: $5.8BQ3'26, Cash and equivalents: $1MQ3'26, Long-term debt: $5.8BQ3'26

Positions at each quarter end, as filed; short-term investments are not included.

Income statement

Last eight quarters, newest first, through Q3 FY2026 filed November 3, 2026.

UDR, Inc. income statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Nov 3, 2026Q2 FY2026ended Jun 30, 2026filed Jul 28, 2026Q1 FY2026ended Mar 31, 2026filed Apr 30, 2026Q4 FY2025ended Dec 31, 2025filed Feb 17, 2026Q3 FY2025ended Sep 30, 2025filed Oct 30, 2025Q2 FY2025ended Jun 30, 2025filed Jul 31, 2025Q1 FY2025ended Mar 31, 2025filed May 1, 2025Q4 FY2024ended Dec 31, 2024filed Feb 18, 2025YoYQ3 FY2026vs Q3 FY2025
Revenue428425426433432425422423−0.9%
Cost of revenue—————————
Gross profit—————————
Research and development—————————
Selling, general and administrative2119192323201958−9.6%
Operating income270116230278767712266+253.9%
Other income (expense)8325482(31)+119.3%
Pretax income23174203238444082(5)+431.7%
Income tax00000000+28.0%
Net income21669190223403877(5)+434.8%
Diluted EPS ($)0.670.210.57—0.120.110.23—+458.3%
Diluted shares (millions)324323330—331332332——

Fourth quarters are the fiscal year less the first nine months when the filer reports no discrete fourth quarter, and are marked. Diluted EPS is never derived, so a derived quarter shows none. Italic figures are derived.

Balance sheet

Last eight quarters, newest first, through Q3 FY2026 filed November 3, 2026.

UDR, Inc. balance sheet, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Nov 3, 2026Q2 FY2026ended Jun 30, 2026filed Jul 28, 2026Q1 FY2026ended Mar 31, 2026filed Apr 30, 2026Q4 FY2025ended Dec 31, 2025filed Feb 17, 2026Q3 FY2025ended Sep 30, 2025filed Oct 30, 2025Q2 FY2025ended Jun 30, 2025filed Jul 31, 2025Q1 FY2025ended Mar 31, 2025filed May 1, 2025Q4 FY2024ended Dec 31, 2024filed Feb 18, 2025YoYQ3 FY2026vs Q3 FY2025
Cash and equivalents11111211−0.8%
Short-term investments—————————
Total current assets—————————
Total assets10,30110,26510,33410,60610,60210,64710,74510,898−2.8%
Total current liabilities—————————
Long-term debt5,7565,8145,6635,8215,8345,7765,8115,827−1.3%
Total liabilities6,3736,4266,2286,4576,4506,3646,3576,437−1.2%
Stockholders’ equity3,1282,9393,2863,2883,2753,3253,3313,443−4.5%
Shares outstanding (millions)317321325329330331331331—

Positions at each period end. Nothing on this statement is derived. Long-term debt is the filed noncurrent line only; no total-debt composite is constructed across filers. Italic figures are derived.

Cash flow statement

Last eight quarters, newest first, through Q3 FY2026 filed November 3, 2026.

UDR, Inc. cash flow statement, quarterly
Millions of dollarsQ3 FY2026ended Sep 30, 2026filed Nov 3, 2026Q2 FY2026ended Jun 30, 2026filed Jul 28, 2026Q1 FY2026ended Mar 31, 2026filed Apr 30, 2026Q4 FY2025ended Dec 31, 2025filed Feb 17, 2026Q3 FY2025ended Sep 30, 2025filed Oct 30, 2025Q2 FY2025ended Jun 30, 2025filed Jul 31, 2025Q1 FY2025ended Mar 31, 2025filed May 1, 2025Q4 FY2024ended Dec 31, 2024filed Feb 18, 2025YoYQ3 FY2026vs Q3 FY2025
Operating cash flow202262129261235250156241−14.1%
Capital expenditures—————————
Free cash flow (CFO − capex)—————————
Depreciation and amortization165164165withheldwithheldwithheldwithheldwithheld—
Share repurchases02001009325———−100.0%
Dividends paid140142141142142142141140−1.9%

10-Qs file cash flows as year-to-date totals, so quarterly figures are differenced from consecutive filings and marked. Free cash flow is operating cash flow less capital expenditures, computed from the two filed lines. Italic figures are derived.

Annual statements

Every fiscal year filed, newest first, through FY2025 filed February 17, 2026.

Income statement

UDR, Inc. income statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 17, 2026FY2024ended Dec 31, 2024filed Feb 18, 2025FY2023ended Dec 31, 2023filed Feb 20, 2024FY2022ended Dec 31, 2022filed Feb 13, 2023FY2021ended Dec 31, 2021filed Feb 15, 2022FY2020ended Dec 31, 2020filed Feb 18, 2021FY2019ended Dec 31, 2019filed Feb 18, 2020FY2018ended Dec 31, 2018filed Feb 19, 2019FY2017ended Dec 31, 2017filed Feb 20, 2018FY2016ended Dec 31, 2016filed Feb 21, 2017FY2015ended Dec 31, 2015filed Feb 23, 2016FY2014ended Dec 31, 2014filed Feb 24, 2015FY2013ended Dec 31, 2013filed Feb 25, 2014FY2012ended Dec 31, 2012filed Feb 27, 2013FY2011ended Dec 31, 2011filed Feb 27, 2012FY2010ended Dec 31, 2010filed Feb 23, 2011FY2009ended Dec 31, 2009filed Aug 3, 2010FY2008ended Dec 31, 2008filed Aug 3, 2010
Revenue1,7121,6721,6281,5171,2911,2411,1521,047996960872818759717623525562588
Cost of revenue——————————————————
Gross profit——————————————————
Research and development——————————————————
Selling, general and administrative85847064585052474950604842—————
Operating income5542856352512682492213552284011601271176722(116)(79)(60)
Other income (expense)19(12)18(7)15615722212——————
Pretax income4059747793162722032221323321021(5)(77)(133)———
Income tax11201341012(4)(15)(8)(21)8(3)0—
Net income3789044487150641852031222933401544521220(103)(88)698
Diluted EPS ($)1.130.261.340.260.480.200.630.740.441.081.290.590.160.85—(0.68)(0.64)5.29
Diluted shares (millions)331330329323302295286269269267264253250239—166149130

Balance sheet

UDR, Inc. balance sheet, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 17, 2026FY2024ended Dec 31, 2024filed Feb 18, 2025FY2023ended Dec 31, 2023filed Feb 20, 2024FY2022ended Dec 31, 2022filed Feb 13, 2023FY2021ended Dec 31, 2021filed Feb 15, 2022FY2020ended Dec 31, 2020filed Feb 18, 2021FY2019ended Dec 31, 2019filed Feb 18, 2020FY2018ended Dec 31, 2018filed Feb 19, 2019FY2017ended Dec 31, 2017filed Feb 20, 2018FY2016ended Dec 31, 2016filed Feb 21, 2017FY2015ended Dec 31, 2015filed Feb 23, 2016FY2014ended Dec 31, 2014filed Feb 24, 2015FY2013ended Dec 31, 2013filed Feb 25, 2014FY2012ended Dec 31, 2012filed Feb 27, 2013FY2011ended Dec 31, 2011filed Feb 27, 2012FY2010ended Dec 31, 2010filed Feb 23, 2011FY2009ended Dec 31, 2009filed Aug 3, 2010FY2008ended Dec 31, 2008filed Aug 3, 2010
Cash and equivalents1131118185227153012139913
Short-term investments——————————————————
Total current assets——————————————————
Total assets10,60610,89811,37311,03810,7759,6389,6367,7127,7337,6807,6646,8296,8086,8596,7215,5305,133—
Total current liabilities——————————————————
Long-term debt5,8215,8275,7995,4875,4134,9774,7083,5483,6723,4013,5713,5653,5243,4093,918———
Total liabilities6,4576,4376,4216,1006,0015,5235,2283,8163,9503,6733,8173,8103,7783,6424,1663,8003,635—
Stockholders’ equity3,2883,4433,9914,0983,4433,2343,3592,9062,8263,0932,9002,7352,8122,9932,3141,6061,395—
Shares outstanding (millions)329331329329318297295276268267262259251250223182——

Cash flow statement

UDR, Inc. cash flow statement, annual
Millions of dollarsFY2025ended Dec 31, 2025filed Feb 17, 2026FY2024ended Dec 31, 2024filed Feb 18, 2025FY2023ended Dec 31, 2023filed Feb 20, 2024FY2022ended Dec 31, 2022filed Feb 13, 2023FY2021ended Dec 31, 2021filed Feb 15, 2022FY2020ended Dec 31, 2020filed Feb 18, 2021FY2019ended Dec 31, 2019filed Feb 18, 2020FY2018ended Dec 31, 2018filed Feb 19, 2019FY2017ended Dec 31, 2017filed Feb 20, 2018FY2016ended Dec 31, 2016filed Feb 21, 2017FY2015ended Dec 31, 2015filed Feb 23, 2016FY2014ended Dec 31, 2014filed Feb 24, 2015FY2013ended Dec 31, 2013filed Feb 25, 2014FY2012ended Dec 31, 2012filed Feb 27, 2013FY2011ended Dec 31, 2011filed Feb 27, 2012FY2010ended Dec 31, 2010filed Feb 23, 2011FY2009ended Dec 31, 2009filed Aug 3, 2010FY2008ended Dec 31, 2008filed Aug 3, 2010
Operating cash flow903877833820664604631561519537459397340327251214229180
Capital expenditures———————51445881346—
Free cash flow (CFO − capex)———————556518532455392332319238210223—
Depreciation and amortization6806956926806206195084364364263813643484374308284257
Share repurchases118—2549—20—20————————1141
Dividends paid568558540484434419383342328309283256232207150121145167

Insider activity

Form 4 filings by officers, directors and 10% owners, November 3, 2024 to November 3, 2026. Only open-market purchases and sales count as buys and sells; awards, exercises, tax withholding and gifts are listed in grey and never counted.

Bought, three months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, three months
$0
0 sales by 0 insiders; officers and directors $0
Bought, twelve months
$0
0 purchases by 0 insiders; officers and directors $0
Sold, twelve months
$3M
1 sales by 1 insider; officers and directors $3M

The last 25 transactions

TradedInsiderRoleTransactionSharesPriceValueHeld afterFiled
Jul 23, 2026Bragg David D.SVP - Chief Financial Officertax withholding2,134$39.48$84K27,892Jul 24, 2026
Jun 5, 2026Toomey Thomas WChairman, President and CEO, Directoropen-market sale80,000$39.25$3M810,455Jun 8, 2026
Feb 12, 2026Benson KeithSVP-Chief Legal Officertax withholding2,845$38.17$109K9,485Feb 17, 2026
Feb 12, 2026Benson KeithSVP-Chief Legal Officeraward12,330$0.00—12,330Feb 17, 2026
Feb 12, 2026Bragg David D.SVP - Chief Financial Officeraward6,741$0.00—31,125Feb 17, 2026
Feb 12, 2026Bragg David D.SVP - Chief Financial Officertax withholding1,099$38.17$42K30,026Feb 17, 2026
Feb 12, 2026Toomey Thomas WChairman, President and CEO, Directoraward92,646$0.00—917,362Feb 17, 2026
Feb 12, 2026Toomey Thomas WChairman, President and CEO, Directortax withholding26,907$38.17$1M890,455Feb 17, 2026
Jan 2, 2026Mcnamara Robert ADirectoraward5,451$36.69$200K37,326Jan 6, 2026
Jan 2, 2026Goitia Ellen M.Directoraward5,451$36.69$200K5,451Jan 6, 2026
Jan 2, 2026Cattanach Katherine ADirectoraward4,088$36.69$150K98,699Jan 6, 2026
Dec 31, 2025Cattanach Katherine ADirectorother4,044$0.00—98,655Feb 17, 2026
Dec 31, 2025Cattanach Katherine ADirectorother4,044$0.00—94,611Feb 17, 2026
Oct 10, 2025Grove Jon ADirectorgift120,000$0.00—327,268Oct 14, 2025
Jul 23, 2025Bragg David D.SVP - Chief Financial Officeraward24,384$41.01$1000K24,384Jul 25, 2025
Feb 20, 2025Toomey Thomas WChairman and CEO, Directoropen-market sale25,000$42.75$1M824,716Feb 21, 2025
Feb 19, 2025Hofmeister Tracy LSVP-Chief Accounting Officeraward1,000$42.92$43K11,128Feb 20, 2025
Feb 18, 2025Lacy Michael DCOOtax withholding584$43.07$25K10,783Feb 18, 2025
Feb 13, 2025Hofmeister Tracy LSVP-Chief Accounting Officeraward574$0.00—10,128Feb 18, 2025
Feb 13, 2025Lacy Michael DCOOtax withholding566$43.15$24K11,367Feb 18, 2025
Feb 13, 2025Lacy Michael DCOOaward1,155$0.00—11,933Feb 18, 2025
Jan 2, 2025Mcnamara Robert ADirectoraward4,703$42.53$200K31,875Jan 6, 2025
Jan 2, 2025Cattanach Katherine ADirectoraward2,528$42.53$108K90,836Jan 6, 2025
Dec 31, 2024Lacy Michael DCOOother489$0.00—10,778Feb 14, 2025
Dec 31, 2024Cattanach Katherine ADirectorother3,775$0.00—92,083Feb 14, 2025

Full insider history for UDR, Inc., or insider activity across all companies. A record of filings, not a recommendation.

Tracked funds holding it

1 of the tracked managers held UDR in their latest 13F filing, through August 14, 2026. Weight is the share of the fund’s reported portfolio. How the funds have traded UDR by quarter.

FundManagerQuarterValueSharesWeightMove
Baron Capital GroupRon BaronQ2 2026$15M372,6990.02%trimmed −51.8%

Sources

Fiscal year ends in month 12; periods are labeled with the issuer's own fiscal calendar. Values are as most recently filed (restatements apply; per-share values are on current split basis per the connector's split table, flagged in adjusted). Flow items flagged in `derived` were computed (Q4 = FY − nine months; quarterly cash flow differenced from year-to-date filings) rather than read from a filing. `reconciliation.repaired` lists periods where a full-year figure was filed in a quarter slot: that row was dropped and the quarter rebuilt from the annual figure. `reconciliation.quarantined` lists periods where four filed quarters do not sum to the filed year — those quarterly values are withheld, so a blank there is a withholding rather than an absence of reporting.

Filer
UDR, Inc., CIK 74208 on EDGAR
Extract generated
November 4, 2026
Withheld
16 line-years whose four quarters do not sum to the filed year: depreciation amortization FY2010, revenue FY2010, depreciation amortization FY2011, depreciation amortization FY2013, depreciation amortization FY2014, depreciation amortization FY2015, depreciation amortization FY2016, depreciation amortization FY2017, depreciation amortization FY2018, depreciation amortization FY2019, depreciation amortization FY2020, depreciation amortization FY2021, depreciation amortization FY2022, depreciation amortization FY2023, depreciation amortization FY2024, depreciation amortization FY2025
Repaired
2 quarters where a full-year figure was filed in a quarter slot and the quarter was rebuilt: depreciation amortization FY2012, income tax FY2022
XBRL concepts behind each line

Income statement

Revenue: Revenues
Cost of revenue: not filed
Gross profit: not filed
Research and development: not filed
Selling, general and administrative: GeneralAndAdministrativeExpense, SellingGeneralAndAdministrativeExpense
Operating income: OperatingIncomeLoss
Other income (expense): OtherNonoperatingIncomeExpense
Pretax income: IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax: IncomeTaxExpenseBenefit
Net income: NetIncomeLoss
Diluted EPS ($): EarningsPerShareDiluted
Diluted shares (millions): WeightedAverageNumberOfDilutedSharesOutstanding

Balance sheet

Cash and equivalents: CashAndCashEquivalentsAtCarryingValue
Short-term investments: not filed
Total current assets: not filed
Total assets: Assets
Total current liabilities: not filed
Long-term debt: LongTermDebt
Total liabilities: Liabilities
Stockholders’ equity: StockholdersEquity
Shares outstanding (millions): dei:EntityCommonStockSharesOutstanding

Cash flow statement

Operating cash flow: NetCashProvidedByUsedInOperatingActivities
Capital expenditures: PaymentsToAcquireProductiveAssets
Free cash flow (CFO − capex): not filed
Depreciation and amortization: DepreciationAndAmortization, DepreciationDepletionAndAmortization
Share repurchases: PaymentsForRepurchaseOfCommonStock
Dividends paid: PaymentsOfDividendsCommonStock

The data

The statements on this page as files, generated November 4, 2026.

JSON file
/data/financials/UDR.json