UDR, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.71B | $1.67B | $1.63B | $1.52B | $1.29B | $1.24B | $1.15B | $1.05B |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $85.1M | $84.3M | $69.9M | $64.1M | $57.5M | $49.9M | $51.5M | $47.0M |
| Operating Income | $553.6M | $284.6M | $635.0M | $250.8M | $268.0M | $249.1M | $221.1M | $354.7M |
| Operating Margin | 32.3% | 17.0% | 39.0% | 16.5% | 20.8% | 20.1% | 19.2% | 33.9% |
| Interest Expense | $196.6M | $195.7M | $180.9M | $155.9M | $186.3M | $202.7M | $170.9M | $134.2M |
| Pretax Income | $404.6M | $96.8M | $476.6M | $92.9M | $162.4M | $71.5M | $203.4M | $222.2M |
| Income Tax Expense | $835.0K | $879.0K | $2.1M | $349.0K | $1.4M | $2.5M | $3.8M | $688.0K |
| Net Income | $377.7M | $89.6M | $444.4M | $86.9M | $150.0M | $64.3M | $185.0M | $203.1M |
| Net Margin | 22.1% | 5.4% | 27.3% | 5.7% | 11.6% | 5.2% | 16.1% | 19.4% |
| EPS (Basic) | $1.13 | $0.26 | $1.34 | $0.26 | $0.49 | $0.20 | $0.63 | $0.74 |
| EPS (Diluted) | $1.13 | $0.26 | $1.34 | $0.26 | $0.48 | $0.20 | $0.63 | $0.74 |
| Shares Outstanding (Basic) | 330.3M | 329.3M | 328.8M | 321.7M | 300.3M | 294.5M | 285.2M | 268.2M |
| Shares Outstanding (Diluted) | 331.1M | 330.1M | 329.1M | 322.7M | 301.7M | 294.9M | 286.0M | 269.5M |
| Dividends Per Share | $1.72 | $1.70 | $1.68 | $1.52 | $1.45 | $1.44 | $1.37 | $1.29 |