Below are the financial statements of UDR, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in millions of USD | 2024 | 2023 | 2022 |
|---|---|---|---|
| Revenues | — | — | — |
| Rental income | 1,663.53a | 1,620.66a | 1,512.36a |
| Joint venture management and other fees | 8.32a | 6.84a | 5.02a |
| Total revenues | 1,671.84a | 1,627.5a | 1,517.39a |
| Operating expenses | — | — | — |
| Property operating and maintenance | -292.57a | -273.74a | -250.31a |
| Real estate taxes and insurance | -232.13a | -232.15a | -221.66a |
| Property management | -54.07a | -52.67a | -49.15a |
| Other operating expenses | -30.42a | -20.22a | -17.49a |
| Real estate depreciation and amortization | -676.07a | -676.42a | -665.23a |
| General and administrative | -84.31a | -69.93a | -64.14a |
| Casualty-related charges/(recoveries), net | 15.18a | 3.14a | 9.73a |
| Other depreciation and amortization | -19.41a | -15.42a | -14.34a |
| Total operating expenses | -1,404.14a | -1,343.69a | -1,292.07a |
| Gain/(loss) on sale of real estate owned | 16.87a | 351.19a | 25.49a |
| Operating income | 284.57a | 635.01a | 250.81a |
| Income/(loss) from unconsolidated entities | 20.24a | 4.69a | 4.95a |
| Interest expense | -195.71a | -180.87a | -155.9a |
| Interest income and other income/(expense), net | -12.34a | 17.76a | -6.93a |
| Income/(loss) before income taxes | 96.76a | 476.59a | 92.93a |
| Tax (provision)/benefit, net | -0.88a | -2.11a | -0.35a |
| Net income/(loss) | 95.88a | 474.49a | 92.58a |
| Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership | -6.25a | -30.1a | -5.61a |
| Net (income)/loss attributable to noncontrolling interests | -0.05a | -0.03a | -0.04a |
| Net income/(loss) attributable to UDR, Inc. | 89.59a | 444.35a | 86.92a |
| Distributions to preferred stockholders - Series E (Convertible) | -4.84a | -4.85a | -4.41a |
| Net income/(loss) attributable to common stockholders | 84.75a | 439.51a | 82.51a |
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