UDR, Inc. (UDR) FY2025 10-K Annual Report

Filed: Feb 17, 2026
Financials
Real Estate Investment TrustsSEC EDGAR

UDR, Inc. (UDR) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 17, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

UDR, Inc. FY2025 10-K Analysis

Business Overview

  • Core business: Owns, operates, and manages multifamily apartment communities in 21 U.S. markets, focusing on diversified portfolio with emphasis on stable income growth
  • New emphasis on developing one wholly-owned community with 300 apartments in Riverside, California, first new development since prior year with no redevelopments active
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Management Discussion & Analysis

  • Revenue $615M in 2025 vs $600M in 2024, net income $100.1M vs $77.5M, driven by higher NOI and occupancy
  • Operating income $162.9M in 2025 vs $140.8M in 2024; NOI growth contributed to margin improvement (specific margin % not disclosed)
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Risk Factors

  • Rent control/stabilization laws risk limiting rent increases amid rising operating costs in major markets including D.C., Boston, San Francisco
  • Geographic concentration risk with 74.5% NOI from eight metro areas exposed to regional economic downturns or regulatory changes
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UDR, Inc. FY2025 Key Financial Metrics
XBRL

Revenue

$11M

+36.6% YoY

Net Income

$378M

+321.6% YoY

Operating Margin

4872.9%

+145133bp YoY

Net Margin

3324.6%

+224744bp YoY

ROE

11.5%

+888bp YoY

Total Assets

$10.6B

-2.7% YoY

EPS (Diluted)

$1.13

+334.6% YoY

Operating Cash Flow

$903M

+3.0% YoY

Source: XBRL data from UDR, Inc. FY2025 10-K filing on SEC EDGAR. All figures in USD.

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