UDR

UDR Real Estate Market cap $11.4B as of Sep 14, 2026 16:00 ET S&P 500

Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 30, 2026

Revenue$0.43B +1% year over year

Operating profit$0.20B 48% margin

Net profit$0.19B 45% margin

The numbers behind the diagram

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 31, 2026).
Item	Value	Share of revenue	Year over year
Revenue	0.43	100%	+1%
West region	0.13	30%
Northeast region	0.08	20%
Mid-Atlantic region	0.08	19%
Same store communities	0.05	12%
Southwest region	0.05	12%
Non-Mature Communities/Other	0.03	6%
Other	0.01	1%
Operating expenses	−0.22	52%
Property operating	−0.08	19%	+1pp
D&A	−0.06	15%	−1pp
Interest	−0.05	12%	+0pp
Underwriting	−0.01	2%	+0pp
G&A	−0.02	4%	+0pp
Operating profit	0.20	48% margin	+28pp
Interest & other costs	−0.01
Net profit	0.19	45% margin	+26pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.43	100%	+2%
Operating expenses	−0.20	45%
Property operating	−0.07	17%	+0pp
Interest	−0.05	12%	+0pp
Underwriting	−0.01	2%	+0pp
G&A	−0.02	5%	−1pp
Other	−0.04	9%	+0pp
Operating profit	0.24	55% margin	+56pp
Interest & other costs	−0.02
Net profit	0.22	51% margin	+53pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.43	100%	+3%
Western region lease	0.13	29%
Same communities same store	0.08	19%
Northeast region lease	0.08	19%
Same store communities	0.06	13%
Southwestern region lease	0.05	12%
Total communities other	0.02	4%
Other revenue	0.01	3%
Mid-Atlantic region other	<0.01	1%
Operating expenses	−0.39	90%
Property operating	−0.08	18%	+0pp
Property taxes	−0.05	12%	+0pp
Interest	−0.05	12%	+0pp
Underwriting	−0.01	2%	+0pp
G&A	−0.02	5%	+0pp
Other	−0.18	41%	+0pp
Operating profit	0.04	10% margin	+4pp
Interest & other costs	−<0.01
Net profit	0.04	9% margin	+4pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q2 FY25 (period ends Jun 30, 2025).
Item	Value	Share of revenue	Year over year
Revenue	0.43	100%	+2%
Western region lease	0.13	30%
Same communities same store	0.08	19%
Northeast region lease	0.08	19%
Same store communities	0.06	13%
Southwestern region lease	0.05	12%
Total communities other	0.02	3%
Other revenue	0.01	3%
Mid-Atlantic region other	<0.01	1%
Operating expenses	−0.39	91%
Property operating	−0.08	18%	+1pp
Property taxes	−0.05	12%	−1pp
Interest	−0.05	11%	+0pp
Underwriting	−0.01	2%	+0pp
G&A	−0.02	5%	+0pp
Other	−0.18	43%	+0pp
Operating profit	0.04	10% margin	+2pp
Interest & other costs	−<0.01
Net profit	0.04	9% margin	+2pp

Filing on EDGAR This quarter on its own page

All figures in billions of U.S. dollars, for Q1 FY24 (period ends Mar 31, 2024).
Item	Value	Share of revenue	Year over year
Revenue	0.41	100%	+4%
Western region	0.12	29%
Northeast region	0.08	20%
Mid-Atlantic region	0.08	19%
communities	0.05	13%
Southwestern region	0.04	9%
Non-Mature communities/Other	0.03	7%
Other	0.01	3%
Operating expenses	−0.37	89%
Property operating	−0.07	18%	+2pp
Property taxes	−0.05	12%	+0pp
D&A	−0.17	41%	−1pp
Interest	−0.05	12%	+1pp
Underwriting	−0.01	2%	+1pp
G&A	−0.02	4%	+0pp
Operating profit	0.05	11% margin	+3pp
Interest & other costs	−<0.01
Net profit	0.04	10% margin	+3pp

Figures are rounded to the precision shown, so a column can differ slightly from its own total.

Filing on EDGAR This quarter on its own page

Financial health

The balance sheet, the quarter's capital flow, the debt schedule and the capital structure of the quarter shown above.

Every set of results we hold, newest first. Open one on its own page.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q1 FY26 Jan 1 – Mar 31, 2026 reported Apr 30, 2026 Operating margin 48% Net profit $0.19B	Jan 1 – Mar 31, 2026	Apr 30, 2026	$0.43B	+1%	48%	$0.19B	45%
Q4 FY25 Oct 1 – Dec 31, 2025 reported Feb 17, 2026 Operating margin 55% Net profit $0.22B	Oct 1 – Dec 31, 2025	Feb 17, 2026	$0.43B	+2%	55%	$0.22B	51%
Q3 FY25 Jul 1 – Sep 30, 2025 reported Oct 30, 2025 Operating margin 10% Net profit $0.04B	Jul 1 – Sep 30, 2025	Oct 30, 2025	$0.43B	+3%	10%	$0.04B	9%
Q2 FY25 Apr 1 – Jun 30, 2025 reported Jul 31, 2025 Operating margin 10% Net profit $0.04B	Apr 1 – Jun 30, 2025	Jul 31, 2025	$0.43B	+2%	10%	$0.04B	9%
Q1 FY24 Jan 1 – Mar 31, 2024 reported May 1, 2024 Operating margin 11% Net profit $0.04B	Jan 1 – Mar 31, 2024	May 1, 2024	$0.41B	+4%	11%	$0.04B	10%