UDR, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $377.7M | $89.6M | $444.4M | $86.9M | $150.0M | $64.3M | $185.0M | $203.1M |
| Depreciation & Amortization | $680.0M | $695.5M | $691.8M | $679.6M | $619.8M | $618.6M | $507.9M | $435.7M |
| Depreciation | $654.1M | $676.1M | $676.4M | $665.2M | $606.6M | $608.6M | $501.3M | $429.0M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $26.5M | $32.6M | $32.9M | $27.5M | $22.1M | $19.6M | $24.3M | $14.2M |
| Net Cash from Operating Activities | $902.9M | $876.8M | $832.7M | $820.1M | $664.0M | $604.3M | $630.7M | $560.7M |
| Investing Activities | ||||||||
| Capital Expenditures | — | — | — | — | — | — | — | $4.9M |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-151.0M | $-276.4M | $-289.1M | $-929.5M | $-1.27B | $-460.8M | $-1.69B | $-113.5M |
| Financing Activities | ||||||||
| Dividends Paid | $567.9M | $558.5M | $539.9M | $483.6M | $433.8M | $419.4M | $383.1M | $342.2M |
| Stock Repurchases | $117.8M | — | $25.0M | $49.0M | — | $19.8M | — | $20.0M |
| Net Cash from Financing Activities | $-750.4M | $-599.9M | $-538.9M | $111.2M | $612.5M | $-152.6M | $880.4M | $-260.1M |
| Net Change in Cash | — | — | — | — | — | — | — | — |
| Free Cash Flow | — | — | — | — | — | — | — | $555.8M |