Short answer
UDR, Inc. (UDR) filed its Q3 2025 10-Q quarterly report on Oct 30, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $3M (up 24.0% year over year) with net income of $40M.
Q3 2025 key financials · XBRL
- Revenue
- $3M
- +24.0% YoY · +7.2% QoQ
- Net income
- $40M
- +78.8% YoY · +7.3% QoQ
- Operating margin
- 2971.1%
- EPS (diluted)
- $0.12
- +71.4% YoY · +9.1% QoQ
Source: XBRL data from the UDR, Inc. (UDR) Q3 2025 10-Q on SEC EDGAR. USD.
UDR, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $154.6M Q3 2025 vs $150.8M Q3 2024, 2.6% growth in Same-Store rental income; $459.6M YTD 2025 vs $448.5M YTD 2024, 2.6% growth
- Operating margin 68.2% Q3 2025 vs 68.4% Q3 2024; stable at 68.5% for YTD 2025 and 2024 (Same-Store NOI/Property rental income)
- Best segment: Same-Store Communities NOI $282.8M Q3 2025, up 2.3% YoY; Worst: Sold and held for disposition communities NOI fell 100% Q3 and 97.5% YTD
- Cash from operations $641.5M YTD 2025 vs $636.3M YTD 2024; capital expenditures $196.2M YTD 2025, up 2.5% from $191.3M; share repurchases of 0.7M shares ($25M) Q3 plus 0.3M shares ($10M) in Oct
- Management expects to fund debt maturities ($129.2M secured, $340M commercial paper) with operations, disposals, or financing; no updated guidance provided; inflation impact minimal this quarter
Risk Factors
- New risk: Impact of Washington state rent control law enacted 2025, affecting portfolio portion, increasing compliance costs and potentially limiting rent increases
- Material update: Increased variable rate debt to $557.7M (9.5% of total), heightening exposure to rising interest rates and hedging cost inflation
- Regulatory risk: Litigation involving antitrust claims related to RealPage software impacting operating results and incurring substantial legal costs
- Operational risk: Pandemic-related government restrictions still affecting rent collections, eviction enforcement, and property development timelines
- Financial risk: $911.6M equity investments in unconsolidated joint ventures limit operational control and may entail additional capital contributions
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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