UDR, Inc.

UDR, Inc. reported strong FY 2025 financial performance with total revenues of $1.71B, driven primarily by $1.70B in rental income and $11.4M in joint venture management and other fees. Operating income reached $553.6M, boosted by a significant $242.9M gain on sale of real estate owned, despite total operating expenses of $1.40B including $654.1M in real estate depreciation and amortization. Net income attributable to UDR, Inc. was $377.7M, with net income to common stockholders at $372.9M or $1 per diluted share on 331.1M weighted average shares. Balance sheet remains solid with total assets of $10.61B, including $9.11B net real estate owned, and total liabilities of $6.46B featuring $5.82B in total debt (secured $961.2M, unsecured $4.86B). Stockholders' equity stood at $3.29B. Cash flow from operations was robust at $902.9M, supporting $567.9M common stockholder distributions and $117.8M share repurchases, while investing activities used $151.0M net primarily for real estate acquisitions and capital expenditures. Financing activities reflected a $750.4M outflow amid debt management and payouts. This performance underscores UDR's operational strength and capital recycling strategy in the multifamily sector.

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