ES
MARKETS / NYSE / UDR
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

Udr, Inc. UDR

18 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY15 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$11.4M
▲ 36.6% vs FY2024
Dividend streak
15 yrs
Raised every year since 2011
EPS · FY25
$1.13
Dividend / sh · FY25
$1.72
Payout · FY25
150%
ROE · FY25
11.2%
Net margin · FY25
3324.6%
Dividend coverage
0.7×
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Result
USD 11.4M
Revenue, FY2025 · full 18-year series below
Revenue Net income
0.250.50.7510.00.42008201120142017202020232025
0.250.50.7510.00.42016201920222025

3325 cents of every revenue dollar became profit this year.

Per share
USD 1.13
Diluted EPS, FY2025
EPS Dividend
2461.721.132008201120142017202020232025
2461.721.132016201920222025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
11.2%
Return on equity, FY2025
ROE
48121611.2%2008201120142017202020232025
48121611.2%2016201920222025
Operating margin4872.9%
Net margin3324.6%
Return on assets3.5%

Each USD of equity produced 11 cents of profit this year.

Returned to shareholders
USD 685.7M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 567.9M
Net buybacksUSD 117.8M
Share of profit181.5%
Consecutive raises15 years

USD 567.9M in dividends and USD 117.8M in buybacks — 182% of the year's profit, so the payout drew on cash built up earlier.

Growth
+17.5% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+31.3%
+17.5%
−35.2%
−22.6%
Net income
+63.2%
+42.5%
+1.0%
EPS, diluted
+63.2%
+41.4%
−1.3%
Dividend / share
+4.2%
+3.6%
+4.5%
+5.9%
Returned to shareholders
+12.3%
+10.3%
+9.2%
+12.3%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.33B
Shares outstanding, FY2025
0.160.332008201120142017202020232025
0.270.332016201920222025
Change, 5 years+10.7%
Change, 10 years+25.4%

The share count grew 11% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 10.6B
total assets, end of FY2025
Total assetsUSD 10.6B
EquityUSD 3.3B
CashUSD 1.2M
Gross debtUSD 5.8B
Net debtUSD 5.8B

Net debt stands at 177% of equity.

History
18 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
Revenue $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.9
0.8
0.8
0.7
0.6
0.5
0.6
0.6
Operating income $B
0.6
0.3
0.6
0.3
0.3
0.2
0.2
0.4
0.2
0.4
0.2
0.1
0.1
0.1
0.0
−0.1
−0.1
−0.1
EBITDA $B
1.2
1.0
1.3
0.9
0.9
0.9
0.7
0.8
0.7
0.8
0.5
0.5
0.5
0.4
0.4
0.2
0.2
0.2
Income tax $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
−0.0
−0.0
−0.0
−0.0
0.0
−0.0
0.0
·
Net income $B
0.4
0.1
0.4
0.1
0.2
0.1
0.2
0.2
0.1
0.3
0.3
0.2
0.0
0.2
0.0
−0.1
−0.1
0.7
EPS, diluted $
1.13
0.26
1.34
0.26
0.48
0.20
0.63
0.74
0.44
1.08
1.29
0.59
0.16
0.85
0.05
−0.68
−0.64
5.29
Dividend / sh $
1.72
1.70
1.68
1.52
1.45
1.44
1.37
1.29
1.24
1.18
1.11
1.04
0.94
0.88
0.80
0.73
0.85
2.29
Payout %
150
623
121
556
289
653
207
169
270
106
83
166
517
98
751
−117
−165
24
ROE %
11.2
2.4
11.0
2.3
4.5
1.9
5.9
7.1
4.1
9.8
12.1
5.6
1.5
8.0
1.0
−6.9
−6.3
·
Shares out B
0.33
0.33
0.33
0.33
0.32
0.30
0.29
0.28
0.27
0.27
0.26
0.26
0.25
0.25
0.22
0.18
0.16
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
35 of 35
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed