UDR

UDR, Inc.

Real Estate

Multi-Family Residential REITs

Highlands Ranch, Colorado

Last filing: Feb 17, 2026 (FY2025)

Balance Sheet 5 Accounts • 5 Years

Account	2025	2024	2023	2022	2021
BS_Assets_Cash	$0	$1.3M	$2.9M	$1.2M	$967.0K
BS_Liab_LongTermDebt	$0	$5.8B	$5.8B	$5.5B	$5.4B
BS_Equity_PreferredStock	$0	$50.0M	$50.0M	$50.0M	$50.0M
BS_Equity_CommonStock	$0	$3.3M	$3.3M	$3.3M	$3.2M
BS_Equity_TreasuryStock	$36	—	$40	$41	—

Income Statement 17 Accounts • 5 Years

Account	2025	2024	2023	2022	2021
IS_Revenue_Total	$1.7B	$1.7B	$1.6B	$1.5B	$1.3B
IS_Expense_COGS	$1.4B	$1.4B	$1.3B	$1.3B	$1.2B
IS_Expense_SGA	$85.1M	$84.3M	$69.9M	$64.1M	$57.5M
IS_Expense_DA	$680.0M	$695.5M	$691.8M	$679.6M	$619.8M
IS_Expense_SBC	$26.5M	$32.6M	$32.9M	$27.5M	$22.1M
IS_Expense_TotalOpex	$1.4B	$1.4B	$1.3B	$1.3B	$1.2B
IS_OperatingIncome	$553.6M	$284.6M	$635.0M	$250.8M	$268.0M
IS_InterestExpense	$196.6M	$195.7M	$180.9M	$155.9M	$186.3M
IS_OtherNonopIncExp	$19.2M	$-12.3M	$17.8M	$-6.9M	$15.1M
IS_PreTaxIncome	$404.6M	$96.8M	$476.6M	$92.9M	$162.4M
IS_TaxExpense	$835.0K	$879.0K	$2.1M	$349.0K	$1.4M
IS_NetIncome	$377.7M	$89.6M	$444.4M	$86.9M	$150.0M
IS_ComprehensiveIncome	$375.7M	$88.3M	$440.9M	$99.5M	$154.9M
IS_EPS_Basic	$1	$0	$1	$0	$0
IS_EPS_Diluted	$1	$0	$1	$0	$0
IS_Shares_Basic	$330.3M	$329.3M	$328.8M	$321.7M	$300.3M
IS_Shares_Diluted	$331.1M	$330.1M	$329.1M	$322.7M	$301.7M

Cash Flow Statement 13 Accounts • 5 Years

Account	2025	2024	2023	2022	2021
CF_Ops_NetIncome	$377.7M	$89.6M	$444.4M	$86.9M	$150.0M
CF_Ops_DA	$680.0M	$19.4M	$15.4M	$14.3M	$13.2M
CF_Ops_SBC	$26.5M	$32.6M	$32.9M	$27.5M	$22.1M
CF_Ops_WorkingCapital	$8.4M	$31.1M	$33.6M	$-9.8M	$33.5M
CF_Ops_Other	$32.5M	$27.1M	$9.1M	$31.7M	$19.2M
CF_Ops_NetCash	$902.9M	$876.8M	$832.7M	$820.1M	$664.0M
CF_Inv_Capex	$252.9M	$249.9M	$295.4M	$214.8M	$156.4M
CF_Inv_NetCash	$-151.0M	$-276.4M	$-289.1M	$-929.5M	$-1.3B
CF_Fin_ShareRepurchases	$117.8M	—	$25.0M	$49.0M	—
CF_Fin_Dividends	$567.9M	$558.5M	$539.9M	$483.6M	$433.8M
CF_Fin_Other	$-14.0M	$-23.7M	$-17.0M	$-24.4M	$-16.1M
CF_Fin_NetCash	$-750.4M	$-599.9M	$-538.9M	$111.2M	$612.5M
CF_Net_Change	$1.5M	$561.0K	$4.7M	$1.8M	$4.2M

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