UDR, Inc. (UDR) FY2025 10-K Annual Report
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
- • Strategic shift includes strengthening human capital with a multi-year HR roadmap, launching Life@UDR culture platform, and enhancing compensation governance
- • Net income $372.9M vs $84.8M prior year, driven by increased gains on real estate dispositions and higher Same-Store NOI growth of 2.3%
- • Completed a partial sale and joint venture restructuring generating $202.8M cash proceeds and recognized a gain of $195.0M, a notable liquidity event in 2025
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)
- • Best performing: Same-Store Communities segment with net operating income $1.104B and 96.9% occupancy; Worst: Non-Mature Communities/Other with $57.9M income
- • Net cash from operating activities $902.9M in 2025 vs $876.8M in 2024; investing activities used $151.0M vs $276.4M, share repurchases $117.8M for 3.3M shares
- • Management expects 2026 debt maturities $801.7M (secured) and $745.0M (unsecured) to be funded by operations, debt/equity issuance, property sales; no sales under ATM in 2025, 14M shares available
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
- • Supply chain constraints in development increase costs, delay occupancy start dates, exacerbated by tariffs and labor shortages
- • Competition from single-family rentals and condominiums threatens leasing ability and rent growth potential
- • Joint venture partner disputes or capital contribution failures risk forcing unfavorable asset sales or additional capital injections totaling $886.5M equity exposure
UDR, Inc. FY2025 Key Financial MetricsXBRL
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.
Get deeper insights on UDR, Inc.
Access full AI analysis, insider trading data, fund holdings, and cross-signal detection on SignalX.