NYSE: UDR
UDR, Inc.CIK 0000074208 · SIC 6798 · Real Estate Investment Trusts
Mid by revenue · Mega by assets
Revenue $1.7B
Assets $10.3B
as of Aug 16, 2026
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10-Q
Filed Jul 28, 2026
· Period ending Jun 30, 2026
UDR: revenue $425.4M, net income $69.0M. UDR repurchases stock, sells in assets as same-store NOI growth slows to 83.2%
5 material changes detected. Sign up free to read the summary.
8-K
Filed Jul 27, 2026
· Period ending Jul 27, 2026
UDR reports Q2 2026 results, raises full-year guidance, repurchases $200M in shares
5 material changes detected. Sign up free to read the summary.
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424B3
Filed Jul 21, 2026
UDR, Inc. files 424B3 prospectus supplement with no material terms or risk disclosures
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8-K
Filed May 29, 2026
· Period ending May 29, 2026
UDR files routine investor presentation materials under Regulation FD
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8-K
Filed May 27, 2026
· Period ending May 21, 2026
UDR shareholders approve all proposals at annual meeting, but 31% oppose executive pay
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8-K
Filed May 4, 2026
· Period ending May 4, 2026
UDR authorizes $25M share buyback, expanding total repurchase capacity to 29.6M shares
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10-Q
Filed Apr 30, 2026
· Period ending Mar 31, 2026
UDR: revenue $425.8M, net income $189.8M. UDR net income +147% on smaller below-the-line deductions; Same-Store NOI falls 0.8%
5 material changes detected. Sign up free to read the summary.
8-K
Filed Apr 29, 2026
· Period ending Apr 29, 2026
UDR reports Q1 2026 earnings with supplemental financial disclosures
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8-K
Filed Feb 27, 2026
· Period ending Feb 27, 2026
Summary not yet generated.
10-K
Filed Feb 17, 2026
· Period ending Dec 31, 2025
Summary not yet generated.
10-Q
Filed Oct 30, 2025
· Period ending Sep 30, 2025
Summary not yet generated.
10-Q
Filed Jul 31, 2025
· Period ending Jun 30, 2025
Summary not yet generated.
10-Q
Filed May 1, 2025
· Period ending Mar 31, 2025
Summary not yet generated.
10-K
Filed Feb 18, 2025
· Period ending Dec 31, 2024
Summary not yet generated.
Latest financial statements
From 10-Q filed Jul 28, 2026 (period ending Jun 30, 2026). As printed on the EDGAR/iXBRL face — not generated by the model.
Consolidated Statements of Operations (Unaudited)
(In thousands, except per share data)
| Description | Three months ended June 30, 2026 | Three months ended June 30, 2025 | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|---|---|
| REVENUES: | ||||
| Rental income | 422,933 | 423,001 | 846,254 | 842,837 |
| Joint venture management and other fees | 2,466 | 2,398 | 4,994 | 4,510 |
| Total revenues | 425,399 | 425,399 | 851,248 | 847,347 |
| OPERATING EXPENSES: | ||||
| Property operating and maintenance | 76,331 | 75,613 | 157,063 | 151,603 |
| Real estate taxes and insurance | 56,846 | 57,008 | 116,705 | 115,753 |
| Property management | 13,745 | 13,747 | 27,503 | 27,392 |
| Other operating expenses | 12,966 | 7,753 | 22,381 | 15,812 |
| Real estate depreciation and amortization | 160,120 | 163,191 | 321,388 | 324,585 |
| General and administrative | 18,714 | 19,929 | 38,078 | 39,424 |
| Casualty-related charges/(recoveries), net | 3,073 | 3,382 | 8,802 | 6,679 |
| Other depreciation and amortization | 3,451 | 7,387 | 6,786 | 14,454 |
| Total operating expenses | 345,246 | 348,010 | 698,706 | 695,702 |
| Gain/(loss) on sale of real estate owned | 35,704 | — | 193,120 | 47,939 |
| Operating income | 115,857 | 77,389 | 345,662 | 199,584 |
| Income/(loss) from unconsolidated entities | 3,271 | 3,629 | 22,967 | 9,443 |
| Interest expense | (47,640) | (48,665) | (96,216) | (96,366) |
| Interest income and other income/(expense), net | 2,596 | 8,134 | 5,030 | 10,055 |
| Income/(loss) before income taxes | 74,084 | 40,487 | 277,443 | 122,716 |
| Tax (provision)/benefit, net | (429) | (258) | (884) | (416) |
| Net income/(loss) | 73,655 | 40,229 | 276,559 | 122,300 |
| Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership | (4,609) | (2,545) | (17,670) | (7,884) |
| Net (income)/loss attributable to noncontrolling interests | (11) | (11) | (23) | (23) |
| Net income/(loss) attributable to UDR, Inc. | 69,035 | 37,673 | 258,866 | 114,393 |
| Distributions to preferred stockholders Series E (Convertible) | (1,225) | (1,211) | (2,445) | (2,417) |
| Net income/(loss) attributable to common stockholders | 67,810 | 36,462 | 256,421 | 111,976 |
| Income/(loss) per weighted average common share: | ||||
| Basic | 0.21 | 0.11 | 0.79 | 0.34 |
| Diluted | 0.21 | 0.11 | 0.79 | 0.34 |
| Weighted average number of common shares outstanding: | ||||
| Basic | 322,958 | 330,778 | 325,117 | 330,703 |
| Diluted | 323,287 | 331,715 | 325,387 | 331,717 |
Consolidated Balance Sheets
(In thousands, except share data)
| Description | June 30, 2026 (unaudited) | December 31, 2025 (audited) |
|---|---|---|
| ASSETS | ||
| Real estate owned: | ||
| Real estate held for investment | 16,114,220 | 16,415,000 |
| Less: accumulated depreciation | (7,439,163) | (7,374,546) |
| Real estate held for investment, net | 8,675,057 | 9,040,454 |
| Real estate under development (net of accumulated depreciation of $0 and $0, respectively) | 147,617 | 72,885 |
| Real estate held for disposition (net of accumulated depreciation of $79,664 and $0, respectively) | 54,384 | — |
| Total real estate owned, net of accumulated depreciation | 8,877,058 | 9,113,339 |
| Cash and cash equivalents | 1,193 | 1,222 |
| Restricted cash | 34,936 | 35,710 |
| Notes receivable, net | 171,667 | 149,979 |
| Investment in and advances to unconsolidated joint ventures, net | 728,837 | 886,492 |
| Operating lease right-of-use assets | 185,647 | 187,624 |
| Other assets | 266,010 | 231,308 |
| Total assets | 10,265,348 | 10,605,674 |
| LIABILITIES AND EQUITY | ||
| Liabilities: | ||
| Secured debt, net | 933,063 | 961,180 |
| Unsecured debt, net | 4,880,769 | 4,860,189 |
| Operating lease liabilities | 181,016 | 182,963 |
| Real estate taxes payable | 41,847 | 45,640 |
| Accrued interest payable | 51,419 | 51,698 |
| Security deposits and prepaid rent | 58,473 | 61,205 |
| Distributions payable | 150,913 | 151,934 |
| Accounts payable, accrued expenses, and other liabilities | 128,549 | 142,102 |
| Total liabilities | 6,426,049 | 6,456,911 |
| Commitments and contingencies (Note 13) | ||
| Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership | 900,280 | 859,966 |
| Equity: | ||
| Preferred stock, no par value; 50,000,000 shares authorized at June 30, 2026 and December 31, 2025: | ||
| 8.00% Series E Cumulative Convertible; 2,600,678 and 2,600,678 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | 43,192 | 43,192 |
| Series F; 9,778,769 and 10,105,845 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | 1 | 1 |
| Common stock, $0.01 par value; 450,000,000 shares authorized at June 30, 2026 and December 31, 2025: | ||
| 321,266,356 and 328,273,044 shares issued and outstanding at June 30, 2026 and December 31, 2025, respectively | 3,213 | 3,283 |
| Additional paid-in capital | 7,216,484 | 7,480,594 |
| Distributions in excess of net income | (4,327,138) | (4,240,268) |
| Accumulated other comprehensive income/(loss), net | 2,931 | 1,660 |
| Total stockholders’ equity | 2,938,683 | 3,288,462 |
| Noncontrolling interests | 336 | 335 |
| Total equity | 2,939,019 | 3,288,797 |
| Total liabilities and equity | 10,265,348 | 10,605,674 |
Consolidated Statements of Cash Flows (Unaudited)
(In thousands, except for share data)
| Description | Six months ended June 30, 2026 | Six months ended June 30, 2025 |
|---|---|---|
| Operating Activities | ||
| Net income/(loss) | 276,559 | 122,300 |
| Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities: | ||
| Depreciation and amortization | 328,174 | 339,039 |
| (Gain)/loss on sale of real estate owned | (193,120) | (47,939) |
| (Income)/loss from unconsolidated entities | (22,967) | (9,443) |
| Return on investment in unconsolidated joint ventures and partnerships | 14,303 | 23,486 |
| Amortization of share-based compensation | 16,430 | 16,260 |
| Other | 20,930 | 17,541 |
| Changes in operating assets and liabilities: | ||
| (Increase)/decrease in operating assets | (11,616) | (9,223) |
| Increase/(decrease) in operating liabilities | (37,775) | (45,476) |
| Net cash provided by/(used in) operating activities | 390,918 | 406,545 |
| Investing Activities | ||
| Acquisition of real estate assets | (53,423) | — |
| Proceeds from sales of real estate investments, net | 353,365 | 203,565 |
| Development of real estate assets | (52,955) | (15,265) |
| Capital expenditures and other major improvements real estate assets | (104,184) | (113,247) |
| Capital expenditures non-real estate assets | (6,593) | (28,628) |
| Investment in unconsolidated joint ventures and partnerships | (2,801) | (21,490) |
| Distributions received from unconsolidated joint ventures and partnerships | 142,748 | 46,127 |
| Repayment/(issuance) of notes receivable, net | (50,358) | (112,000) |
| Net cash provided by/(used in) investing activities | 225,799 | (40,938) |
| Financing Activities | ||
| Payments on secured debt | (28,320) | (3,231) |
| Net proceeds/(repayment) of commercial paper | 35,000 | (69,900) |
| Net proceeds/(repayment) of revolving bank debt | (15,413) | 20,854 |
| Repurchase of common shares | (300,283) | — |
| Distributions paid to redeemable noncontrolling interests | (19,803) | (19,801) |
| Distributions paid to preferred stockholders | (2,436) | (2,408) |
| Distributions paid to common stockholders | (282,919) | (283,174) |
| Other | (3,346) | (8,265) |
| Net cash provided by/(used in) financing activities | (617,520) | (365,925) |
| Net increase/(decrease) in cash, cash equivalents, and restricted cash | (803) | (318) |
| Cash, cash equivalents, and restricted cash, beginning of year | 36,932 | 35,427 |
| Cash, cash equivalents, and restricted cash, end of period | 36,129 | 35,109 |
| Supplemental Information: | ||
| Interest paid during the period, net of amounts capitalized | 93,260 | 96,670 |
| Cash paid for amounts included in the measurement of lease liabilities: | ||
| Operating cash flows from operating leases | 6,378 | 6,251 |
| Cash paid/(refunds received) for income taxes | 1,255 | 1,274 |
| Non-cash transactions: | ||
| Net proceeds from sale of real estate investment held by qualified intermediary | 40,832 | — |
| Preferred equity investment settled in exchange for acquisition of real estate owned | 27,409 | — |
| Notes receivable settled in exchange for real estate owned | 34,757 | 180,700 |
| Conversion of note receivable to equity securities | — | 42,807 |
| Development costs and capital expenditures incurred, but not yet paid | 33,260 | 23,433 |
| Conversion of Operating Partnership and DownREIT Partnership noncontrolling interests to common stock (956,845 shares and 155,453 shares, respectively) | 32,597 | 6,933 |
| Dividends declared, but not yet paid | 150,913 | 153,662 |
| The following reconciles cash, cash equivalents, and restricted cash to amounts as shown above: | ||
| Cash, cash equivalents, and restricted cash, beginning of year: | ||
| Cash and cash equivalents | 1,222 | 1,326 |
| Restricted cash | 35,710 | 34,101 |
| Total cash, cash equivalents, and restricted cash as shown above | 36,932 | 35,427 |
| Cash, cash equivalents, and restricted cash, end of period: | ||
| Cash and cash equivalents | 1,193 | 1,532 |
| Restricted cash | 34,936 | 33,577 |
| Total cash, cash equivalents, and restricted cash as shown above | 36,129 | 35,109 |
Amounts as printed on the EDGAR/iXBRL face — (In thousands, except per share data); (In thousands, except share data); (In thousands, except for share data). Labels, columns, and figures are the filing face, not a GAAP stencil. Interactive statements & notes on EDGAR ↗