Income Statement

Revenue

+13%

+38%

10Y

Currency: USD

	Mar-2002	Jun-2002	Sep-2002	Dec-2002	Mar-2003	Jun-2003	Sep-2003	Dec-2003	Mar-2004	Jun-2004	Sep-2004	Dec-2004	Mar-2005	Jun-2005	Sep-2005	Dec-2005	Mar-2006	Jun-2006	Sep-2006	Dec-2006	Mar-2007	Jun-2007	Sep-2007	Dec-2007	Mar-2008	Jun-2008	Sep-2008	Dec-2008	Mar-2009	Jun-2009	Sep-2009	Dec-2009	Mar-2010	Jun-2010	Sep-2010	Dec-2010	Mar-2011	Jun-2011	Sep-2011	Dec-2011	Mar-2012	Jun-2012	Sep-2012	Dec-2012	Mar-2013	Jun-2013	Sep-2013	Dec-2013	Mar-2014	Jun-2014	Sep-2014	Dec-2014	Mar-2015	Jun-2015	Sep-2015	Dec-2015	Mar-2016	Jun-2016	Sep-2016	Dec-2016	Mar-2017	Jun-2017	Sep-2017	Dec-2017	Mar-2018	Jun-2018	Sep-2018	Dec-2018	Mar-2019	Jun-2019	Sep-2019	Dec-2019	Mar-2020	Jun-2020	Sep-2020	Dec-2020	Mar-2021	Jun-2021	Sep-2021	Dec-2021	Mar-2022	Jun-2022	Sep-2022	Dec-2022	Mar-2023	Jun-2023	Sep-2023	Dec-2023	Mar-2024	Jun-2024	Sep-2024	Dec-2024	Mar-2025	Jun-2025	Sep-2025	Dec-2025
Revenue
Interest Expense	135	134	132	129	131	128	122	116	115	114	116	122	133	143	155	159	169	176	179	179	174	166	164	168	164	166	165	165	161	157	151	140	144	143	145	142	247	249	252	156	157	161	153	139	135	124	123	126	128	129	131	130	126	124	121	122	124	125	127	123	122	126	124	129	128	126	130	134	138	141	149	171	177	181	176	154	150	147	145	144	144	145	149	156	164	172	177	181	185	188	193	196	195	196	197	197
Revenue	569 N/A	576 +1%	583 +1%	523 -10%	586 +12%	574 -2%	569 -1%	511 -10%	553 +8%	558 +1%	559 +0%	516 -8%	603 +17%	602 0%	618 +3%	428 -31%	640 +50%	669 +4%	526 -21%	471 -10%	431 -9%	393 -9%	510 +30%	506 -1%	511 +1%	530 +4%	553 +4%	588 +6%	615 +5%	623 +1%	617 -1%	562 -9%	605 +8%	593 -2%	594 +0%	525 -12%	527 +0%	538 +2%	555 +3%	623 +12%	657 +5%	683 +4%	700 +2%	717 +2%	726 +1%	736 +1%	742 +1%	759 +2%	772 +2%	786 +2%	802 +2%	818 +2%	840 +3%	852 +1%	867 +2%	895 +3%	910 +2%	933 +3%	955 +2%	960 +1%	969 +1%	978 +1%	986 +1%	996 +1%	1 005 +1%	1 017 +1%	1 032 +1%	1 047 +1%	1 064 +2%	1 086 +2%	1 115 +3%	1 152 +3%	1 203 +4%	1 229 +2%	1 244 +1%	1 241 0%	1 221 -2%	1 225 +0%	1 245 +2%	1 291 +4%	1 347 +4%	1 404 +4%	1 466 +4%	1 517 +4%	1 560 +3%	1 595 +2%	1 614 +1%	1 628 +1%	1 642 +1%	1 652 +1%	1 662 +1%	1 672 +1%	1 680 +0%	1 690 +1%	1 702 +1%	1 712 +1%
Gross Profit
Cost of Revenue	(224)	(225)	(230)	(208)	(233)	(231)	(230)	(208)	(227)	(229)	(230)	(217)	(246)	(249)	(255)	(162)	(255)	(259)	(198)	(174)	(159)	(139)	(183)	(182)	(182)	(188)	(196)	(205)	(216)	(220)	(220)	(201)	(220)	(219)	(220)	(190)	(186)	(186)	(186)	(224)	(217)	(225)	(233)	(250)	(248)	(251)	(252)	(264)	(263)	(265)	(268)	(276)	(273)	(275)	(275)	(281)	(287)	(294)	(301)	(301)	(304)	(305)	(309)	(313)	(317)	(321)	(326)	(332)	(337)	(343)	(351)	(356)	(380)	(396)	(409)	(410)	(422)	(429)	(442)	(448)	(472)	(488)	(506)	(512)	(533)	(547)	(553)	(550)	(568)	(572)	(576)	(569)	(581)	(585)	(589)	(584)
Gross Profit	345 N/A	351 +1%	353 +1%	315 -11%	353 +12%	343 -3%	340 -1%	303 -11%	326 +8%	328 +1%	329 +0%	299 -9%	357 +20%	353 -1%	363 +3%	266 -27%	382 +43%	394 +3%	328 -17%	297 -10%	271 -9%	252 -7%	327 +30%	324 -1%	329 +2%	342 +4%	356 +4%	384 +8%	399 +4%	403 +1%	397 -2%	361 -9%	384 +6%	373 -3%	372 0%	335 -10%	342 +2%	352 +3%	369 +5%	400 +8%	440 +10%	458 +4%	467 +2%	466 0%	478 +3%	485 +1%	490 +1%	495 +1%	509 +3%	521 +2%	534 +2%	542 +2%	567 +5%	578 +2%	591 +2%	614 +4%	623 +1%	638 +3%	654 +2%	659 +1%	665 +1%	673 +1%	677 +1%	683 +1%	688 +1%	696 +1%	706 +1%	715 +1%	728 +2%	743 +2%	764 +3%	796 +4%	823 +3%	833 +1%	835 +0%	831 0%	799 -4%	796 0%	803 +1%	843 +5%	874 +4%	917 +5%	960 +5%	1 005 +5%	1 027 +2%	1 048 +2%	1 061 +1%	1 078 +2%	1 073 0%	1 081 +1%	1 086 +1%	1 103 +2%	1 099 0%	1 105 +1%	1 113 +1%	1 129 +1%
Operating Income
Operating Expenses	(165)	(168)	(172)	(159)	(174)	(172)	(175)	(162)	(175)	(177)	(178)	(171)	(199)	(206)	(215)	(163)	(227)	(239)	(205)	(192)	(195)	(191)	(228)	(219)	(227)	(238)	(257)	(300)	(316)	(328)	(332)	(304)	(328)	(327)	(332)	(300)	(444)	(456)	(328)	(377)	(399)	(408)	(410)	(391)	(391)	(388)	(385)	(391)	(404)	(411)	(418)	(415)	(421)	(424)	(430)	(452)	(469)	(482)	(492)	(484)	(482)	(486)	(488)	(494)	(496)	(496)	(498)	(494)	(504)	(515)	(534)	(580)	(619)	(658)	(687)	(699)	(678)	(672)	(674)	(707)	(721)	(745)	(759)	(770)	(768)	(769)	(771)	(791)	(787)	(797)	(807)	(820)	(807)	(803)	(804)	(806)
Selling, General & Administrative	(25)	(24)	(23)	(19)	(17)	(18)	(20)	(21)	(20)	(19)	(18)	(19)	(22)	(22)	(23)	(25)	(25)	(27)	(29)	(31)	(34)	(37)	(39)	(40)	(40)	(40)	(41)	(39)	(47)	(46)	(45)	(39)	(39)	(40)	(44)	(42)	(46)	(45)	(43)	(47)	(47)	(51)	(51)	(44)	(44)	(40)	(42)	(42)	(45)	(47)	(48)	(48)	(48)	(49)	(53)	(66)	(61)	(58)	(54)	(56)	(49)	(50)	(50)	(55)	(47)	(48)	(48)	(54)	(50)	(52)	(55)	(58)	(58)	(55)	(53)	(58)	(48)	(52)	(56)	(66)	(60)	(61)	(61)	(73)	(67)	(67)	(66)	(79)	(70)	(74)	(80)	(94)	(86)	(86)	(88)	(95)
Depreciation & Amortization	(139)	(142)	(148)	(138)	(156)	(154)	(153)	(140)	(153)	(157)	(159)	(150)	(176)	(183)	(191)	(137)	(202)	(211)	(175)	(168)	(160)	(153)	(188)	(195)	(203)	(218)	(236)	(256)	(274)	(281)	(284)	(258)	(283)	(281)	(283)	(250)	(252)	(264)	(279)	(329)	(346)	(351)	(353)	(346)	(341)	(341)	(337)	(346)	(352)	(356)	(362)	(364)	(365)	(367)	(368)	(381)	(398)	(413)	(428)	(426)	(425)	(428)	(429)	(437)	(440)	(438)	(439)	(436)	(440)	(451)	(471)	(508)	(551)	(589)	(616)	(619)	(608)	(599)	(600)	(620)	(640)	(662)	(676)	(680)	(686)	(688)	(689)	(692)	(693)	(696)	(699)	(695)	(690)	(685)	(684)	(680)
Other Operating Expenses	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	(1)	7	(1)	(1)	(1)	16	15	19	19	(5)	5	(1)	(3)	(7)	(6)	(6)	(6)	(7)	(146)	(146)	(7)	(1)	(6)	(6)	(6)	(1)	(6)	(6)	(7)	(2)	(7)	(8)	(8)	(3)	(8)	(8)	(8)	(4)	(10)	(10)	(9)	(2)	(8)	(8)	(9)	(3)	(10)	(10)	(11)	(5)	(14)	(11)	(9)	(14)	(9)	(15)	(19)	(23)	(22)	(20)	(19)	(22)	(22)	(23)	(22)	(17)	(16)	(15)	(16)	(20)	(24)	(27)	(29)	(30)	(32)	(32)	(32)	(31)
Operating Income	181 N/A	183 +1%	181 -1%	157 -14%	179 +14%	171 -4%	165 -4%	141 -15%	152 +8%	151 0%	151 0%	128 -15%	159 +24%	147 -8%	148 +1%	103 -31%	158 +54%	171 +8%	123 -28%	105 -15%	76 -27%	62 -19%	99 +60%	105 +6%	102 -3%	104 +2%	99 -4%	84 -15%	83 -2%	75 -10%	65 -13%	58 -12%	58 0%	48 -17%	42 -12%	36 -14%	(102) N/A	(103) -1%	41 N/A	22 -45%	41 +83%	51 +23%	57 +13%	76 +33%	87 +14%	97 +12%	104 +8%	105 +0%	105 +0%	110 +5%	116 +5%	127 +10%	147 +15%	154 +5%	161 +5%	162 +0%	154 -5%	157 +2%	162 +3%	175 +8%	183 +5%	187 +2%	189 +1%	189 0%	192 +2%	200 +4%	208 +4%	221 +6%	224 +2%	228 +2%	230 +1%	216 -6%	204 -6%	175 -14%	147 -16%	132 -10%	122 -8%	124 +2%	129 +4%	136 +5%	153 +13%	171 +12%	201 +17%	235 +17%	258 +10%	278 +8%	291 +4%	287 -1%	286 0%	284 -1%	279 -2%	283 +1%	291 +3%	302 +4%	309 +2%	322 +4%
Pre-Tax Income
Interest Income Expense	(117)	(136)	(134)	(128)	(132)	(129)	(123)	(115)	(114)	(114)	(116)	(121)	(133)	(130)	(142)	(155)	(167)	(186)	(186)	(174)	(168)	(160)	(160)	(170)	(169)	(172)	(174)	(169)	(165)	(161)	(169)	(158)	(162)	(160)	(145)	(147)	(109)	(111)	(255)	(155)	(155)	(161)	(151)	(144)	(140)	(125)	(128)	(122)	(124)	(126)	(117)	(126)	(60)	(59)	(61)	(58)	(119)	(119)	(108)	(69)	(58)	(63)	(74)	(96)	(106)	(103)	(110)	(133)	(127)	(121)	(115)	(18)	(27)	(29)	(58)	(178)	(216)	(210)	(167)	(63)	(67)	(89)	(113)	(158)	(158)	(138)	(143)	(158)	(159)	(171)	(175)	(188)	(195)	(194)	(181)	(149)
Non-Reccuring Items	(17)	(18)	(31)	(33)	(21)	(19)	(9)	(1)	(1)	(1)	(6)	0	(7)	(7)	(1)	(7)	0	0	0	0	0	0	0	(4)	114	116	117	(5)	22	24	18	0	(4)	(8)	(4)	(10)	(12)	(13)	(16)	0	(5)	(2)	0	(9)	(6)	(3)	4	12	9	6	(1)	(1)	(1)	(2)	(2)	(2)	(1)	(2)	(2)	(1)	(1)	(1)	(3)	39	109	109	111	134	135	141	143	5	4	60	59	117	164	105	103	90	87	84	85	16	11	337	339	348	363	37	34	2	36	33	33	231
Gain/Loss on Disposition of Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	114	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Other Income	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	1	0	0	26	(0)	0	0	4	(1)	(2)	(3)	0	97	97	97	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Pre-Tax Income	46 N/A	29 -37%	17 -40%	(4) N/A	26 N/A	23 -11%	34 +46%	24 -29%	36 +49%	36 -1%	30 -17%	7 -76%	19 +171%	10 -50%	5 -47%	(59) N/A	(9) +84%	(15) -62%	(63) -318%	(69) -9%	(91) -33%	(98) -7%	(61) +37%	45 N/A	48 +7%	47 -2%	42 -10%	(63) N/A	(61) +3%	(63) -2%	(86) -38%	(97) -13%	(109) -12%	(122) -12%	(110) +10%	(121) -9%	(126) -4%	(132) -4%	(133) -1%	(133) +0%	(121) +9%	(113) +7%	(94) +16%	(77) +19%	(59) +24%	(31) +47%	(20) +36%	(5) +74%	(10) -108%	(10) +4%	(2) +84%	1 N/A	86 +7 042%	93 +8%	98 +5%	102 +4%	34 -67%	36 +7%	53 +46%	106 +101%	124 +17%	124 0%	112 -10%	132 +18%	195 +48%	207 +6%	209 +1%	222 +6%	232 +4%	248 +7%	258 +4%	203 -21%	180 -11%	205 +14%	148 -28%	72 -52%	70 -3%	19 -73%	65 +248%	162 +149%	173 +7%	166 -4%	172 +4%	93 -46%	111 +20%	477 +329%	487 +2%	477 -2%	490 +3%	150 -69%	138 -8%	97 -30%	132 +37%	141 +7%	161 +14%	405 +151%
Net Income
Tax Provision	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(0)	0	0	0	3	3	2	2	6	29	31	35	30	9	9	9	7	9	8	8	15	12	11	10	4	4	3	2	4	3	2	2	(1)	(1)	(1)	(1)	(1)	(3)	(3)	(4)	(4)	(2)	(3)	(2)	(3)	(3)	(2)	(2)	(1)	(1)	(1)	(1)	(0)	(0)	(1)	(1)	(2)	(2)	(1)	(1)	(1)	(1)	(1)	(1)	(1)
Income from Continuing Operations	46	29	17	(4)	26	23	34	24	36	36	30	7	19	10	5	(59)	(9)	(15)	(63)	(69)	(91)	(98)	(61)	45	48	47	42	(63)	(61)	(63)	(86)	(98)	(109)	(122)	(110)	(118)	(123)	(129)	(130)	(127)	(92)	(81)	(60)	(46)	(49)	(22)	(11)	2	(2)	(2)	6	16	98	104	107	106	38	39	55	110	127	126	114	132	195	206	209	222	229	245	254	200	178	202	146	69	67	17	63	161	172	165	171	93	111	476	486	474	488	149	137	96	132	141	160	404
Income to Minority Interest	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0	(12)	(49)	(49)	(49)	(46)	4	4	6	4	4	5	4	4	4	2	2	(1)	(5)	(11)	(11)	(8)	(5)	1	1	0	(1)	(2)	(3)	(6)	(7)	(9)	(8)	(17)	(15)	(14)	(16)	(28)	(29)	(28)	(27)	(11)	(16)	(17)	(17)	(18)	(13)	(14)	(15)	(15)	(13)	(14)	(10)	(5)	(5)	(1)	(4)	(11)	(12)	(11)	(11)	(6)	(7)	(29)	(30)	(30)	(31)	(11)	(10)	(6)	(8)	(9)	(10)	(26)
Net Income (Common)	22 N/A	22 +2%	29 +30%	26 -11%	41 +58%	23 -44%	11 -54%	25 +134%	27 +9%	46 +71%	66 +43%	72 +9%	74 +3%	101 +36%	91 -10%	140 +53%	137 -2%	117 -15%	161 +38%	113 -30%	133 +17%	106 -21%	126 +19%	199 +58%	898 +351%	893 -1%	808 -10%	689 -15%	(47) N/A	(58) -23%	(89) -53%	(96) -8%	(107) -11%	(121) -13%	(106) +12%	(112) -6%	(116) -3%	(75) +35%	(65) +14%	11 N/A	122 +1 057%	255 +110%	261 +2%	203 -22%	121 -40%	(20) N/A	(8) +61%	41 N/A	60 +45%	85 +41%	122 +44%	151 +24%	206 +37%	263 +28%	236 -10%	337 +43%	273 -19%	204 -25%	218 +7%	289 +33%	305 +5%	297 -3%	286 -4%	118 -59%	174 +47%	184 +6%	186 +1%	199 +7%	142 -29%	157 +11%	166 +5%	181 +9%	162 -11%	184 +14%	131 -29%	60 -54%	58 -4%	12 -80%	55 +362%	146 +166%	156 +7%	150 -4%	155 +4%	83 -47%	100 +21%	442 +343%	451 +2%	440 -3%	452 +3%	133 -71%	123 -8%	85 -31%	118 +40%	127 +7%	145 +14%	373 +157%
EPS (Diluted)	0.21 N/A	0.2 -5%	0.27 +35%	0.24 -11%	0.37 +54%	0.21 -43%	0.09 -57%	0.21 +133%	0.21 N/A	0.35 +67%	0.52 +49%	0.56 +8%	0.54 -4%	0.73 +35%	0.66 -10%	1.02 +55%	1.02 N/A	0.86 -16%	1.2 +40%	0.84 -30%	0.98 +17%	0.77 -21%	0.93 +21%	1.48 +59%	6.29 +325%	6.31 +0%	5.88 -7%	5.28 -10%	-0.32 N/A	-0.39 -22%	-0.61 -56%	-0.64 -5%	-0.68 -6%	-0.76 -12%	-0.64 +16%	-0.67 -5%	-0.63 +6%	-0.42 +33%	-0.3 +29%	0.05 N/A	0.54 +980%	0.95 +76%	1.04 +9%	0.85 -18%	0.48 -44%	-0.07 N/A	-0.03 +57%	0.16 N/A	0.23 +44%	0.33 +43%	0.48 +45%	0.59 +23%	0.79 +34%	1 +27%	0.9 -10%	1.27 +41%	1.03 -19%	0.76 -26%	0.81 +7%	1.08 +33%	1.13 +5%	1.1 -3%	1.06 -4%	0.43 -59%	0.65 +51%	0.69 +6%	0.7 +1%	0.74 +6%	0.51 -31%	0.55 +8%	0.57 +4%	0.63 +11%	0.55 -13%	0.62 +13%	0.44 -29%	0.2 -55%	0.2 N/A	0.05 -75%	0.19 +280%	0.48 +153%	0.5 +4%	0.48 -4%	0.49 +2%	0.26 -47%	0.31 +19%	1.33 +329%	1.36 +2%	1.34 -1%	1.36 +1%	0.4 -71%	0.37 -8%	0.26 -30%	0.36 +38%	0.38 +6%	0.44 +16%	1.13 +157%

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UDR Inc
NYSE:UDR

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UDR Inc

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UDR Inc

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UDR Inc
NYSE:UDR

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