UDR on NYSE

UDR

Logo: UDR, Inc., Public domain, via Wikimedia Commons4

Real estate investment firm

UDR Inc. (formerly United Dominion Realty) is a publicly traded real estate investment trust that invests in apartments.3 From Wikipedia, CC BY-SA 4.0

Price unavailable

Last updated Oct 18, 2026.

Overview

1972Founded1

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  • TickerUDR on NYSE1
  • Industryreal estate investment trust1
  • HeadquartersHighlands Ranch1
  • Websitewww.udr.com
  • Legal formcompany1
  • Incorporated inMD5
  • Business address1745 Shea Center Drive, Suite 200, Highlands Ranch, Co 801295
  • Filer categoryLarge accelerated filer5

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UDR Inc. (formerly United Dominion Realty) is a publicly traded real estate investment trust that invests in apartments. The company is organized in Maryland with its headquarters in Highlands Ranch, Colorado. As of December 31, 2024, the company owned interests in 169 apartment communities containing 55.696 apartment units in 21 markets in the United States.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

4872.9%Operating margin7
3324.6%Net margin7
36.6%Revenue growth, 20257
11.5%Return on equity7
1.77×Debt to equity7

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Income tax0¢$835.0K
  • Profit100¢$377.7M

Out of $11.4M in revenue.7

Where each dollar of operating cash went, fiscal 2025

  • Dividends paid63¢$567.9M
  • Share buybacks13¢$117.8M
  • Kept or used elsewhere24¢$217.2M

Out of $902.9M of cash from operations.7

Financial statements

Revenue8910117$11.4M in 2025−19% since 2019
0$5.0M$10.0M$15.0M2019: $14.1M$14.1M20192020: $5.1M$5.1M2020−64%2021: $6.1M$6.1M2021+20%2022: $5.0M$5.0M2022−18%2023: $6.8M$6.8M2023+36%2024: $8.3M$8.3M2024+22%2025: $11.4M$11.4M2025+37%
Operating income8910117$553.6M in 2025+150% since 2019
0$200.0M$400.0M$600.0M$800.0M2019: $221.1M$221.1M20192020: $249.1M$249.1M2020+13%2021: $268.0M$268.0M2021+8%2022: $250.8M$250.8M2022−6%2023: $635.0M$635.0M2023+153%2024: $284.6M$284.6M2024−55%2025: $553.6M$553.6M2025+95%
Net income8910117$377.7M in 2025+104% since 2019
0$200.0M$400.0M$600.0M2019: $185.0M$185.0M20192020: $64.3M$64.3M2020−65%2021: $150.0M$150.0M2021+133%2022: $86.9M$86.9M2022−42%2023: $444.4M$444.4M2023+411%2024: $89.6M$89.6M2024−80%2025: $377.7M$377.7M2025+322%

Every line of the income statement as filed: the last 3 fiscal years, latest first.7

Period ending2025-12-312024-12-312023-12-31
Rental income$1.7B$1.7B$1.6B
Joint venture management and other fees$11.4M$8.3M$6.8M
Total revenues$1.7B$1.7B$1.6B
Property operating and maintenance$305.0M$292.6M$273.7M
Real estate taxes and insurance$233.8M$232.1M$232.2M
Property management$55.3M$54.1M$52.7M
Other operating expenses$30.7M$30.4M$20.2M
Real estate depreciation and amortization$654.1M$676.1M$676.4M
General and administrative$85.1M$84.3M$69.9M
Casualty-related charges/(recoveries), net$11.7M$15.2M$3.1M
Other depreciation and amortization$25.9M$19.4M$15.4M
Total operating expenses$1.4B$1.4B$1.3B
Gain/(loss) on sale of real estate owned$242.9M$16.9M$351.2M
Operating income$553.6M$284.6M$635.0M
Income/(loss) from unconsolidated entities$28.4M$20.2M$4.7M
Interest expense-$196.6M-$195.7M-$180.9M
Interest income and other income/(expense), net$19.2M-$12.3M$17.8M
Income/(loss) before income taxes$404.6M$96.8M$476.6M
Tax (provision)/benefit, net-$835.0K-$879.0K-$2.1M
Net income/(loss)$403.7M$95.9M$474.5M
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership-$26.0M-$6.2M-$30.1M
Net (income)/loss attributable to noncontrolling interests-$46.0K-$46.0K-$31.0K
Net income/(loss) attributable to UDR, Inc.$377.7M$89.6M$444.4M
Distributions to preferred stockholders - Series E (Convertible)-$4.8M-$4.8M-$4.8M
Net income/(loss) attributable to common stockholders$372.9M$84.8M$439.5M
Income/(loss) per weighted average common share - basic$1.13$0.26$1.34
Income/(loss) per weighted average common share - diluted$1.13$0.26$1.34
Weighted average number of common shares outstanding - basic330.3M shares329.3M shares328.8M shares
Weighted average number of common shares outstanding - diluted331.1M shares330.1M shares329.1M shares

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The story

The company was founded in Highlands Ranch, Colorado in 1972.

In October 1996, the company acquired South West Property for $312 million in common stock. At that time, South West owned 14,975 apartments and UDR owned 41,004 apartments.

In March 1998, the company acquired ASR Investments Corporation, which owned 7,550 apartments, for $313 million.

In December 1998, the company acquired American Apartment Communities II, which owned 14,001 apartments primarily in California, the Pacific Northwest, the Midwest and Florida.

From Wikipedia’s article on UDR, Inc., shared under CC BY-SA 4.0.6

Leadership

Who has led UDR, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Thomas W. Toomey2003–now

Chair

  1. Thomas W. Toomey2018–now

President

  1. Mary Ellen Norwood2005–2008
  2. Thomas W. Toomey2018–2022
  3. Joseph D. Fisher2022–now

Chief financial officer

  1. Christopher D. Genry2003–2005
  2. Michael A. Ernst2006–2008
  3. David L. Messenger2008–2012
  4. Thomas M. Herzog2013–2016
  5. Joseph D. Fisher2017–2025
  6. David D. Bragg2025–now

Chief operating officer

  1. Michael D. Lacy2025–now
19801990200020102020
Board members and other officers (64)

Products and brands

  • apartment

Listed on Wikidata.1

Former names

  • UNITED DOMINION REALTY TRUST INCMay 26, 1994 to Mar 14, 20075

Timeline

  1. Jul 22, 2003New chief executive Thomas W. Toomey becomes CEO16
  2. 1972Founded Founded1

Filings

313 filings to the SEC since October 2021: 6 annual reports, 15 quarterly reports, 64 major events, 157 insider forms, 26 large holders, 45 other. The latest 20:

  1. Sep 9, 20268-K EDGAR
  2. Jul 30, 2026SCHEDULE 13G/A EDGAR
  3. Jul 28, 202610-Q EDGAR
  4. Jul 27, 20268-K EDGAR
  5. Jul 24, 20264 PRIMARY DOCUMENT EDGAR
  6. Jul 21, 2026424B3 EDGAR
  7. Jul 8, 2026SCHEDULE 13G/A EDGAR
  8. Jun 8, 20264 PRIMARY DOCUMENT EDGAR
  9. Jun 5, 2026144 EDGAR
  10. May 29, 20268-K EDGAR
  11. May 27, 20268-K EDGAR
  12. May 15, 2026SCHEDULE 13G/A EDGAR
  13. May 14, 2026SCHEDULE 13G EDGAR
  14. May 11, 2026DEFA14A EDGAR
  15. May 4, 20268-K EDGAR
  16. Apr 30, 2026SCHEDULE 13G EDGAR
  17. Apr 30, 202610-Q EDGAR
  18. Apr 29, 2026SCHEDULE 13G EDGAR
  19. Apr 29, 20268-K EDGAR
  20. Apr 2, 2026ARS EDGAR

The 313 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last three years, summarized. The full record is on SEC EDGAR.

Insider trades and holders

7 open-market trades by officers, directors and large owners since October 2021: 0 buys and 7 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 5, 2026TOOMEY THOMAS WChairman, President and CEOSale80,000$39.25$3.1MForm 4
Feb 20, 2025TOOMEY THOMAS WChairman, President and CEOSale25,000$42.75$1.1MForm 4
Jun 7, 2024TOOMEY THOMAS WChairman, President and CEOSale90,000$39.52$3.6MForm 4
May 10, 2024Lacy Michael DSVP-COOSale4,500$38.17$171.8KForm 4
Dec 26, 2023TOOMEY THOMAS WChairman, President and CEOSale45,000$37.90$1.7MForm 4
Nov 23, 2022TOOMEY THOMAS WChairman, President and CEOSale20,000$40.44$808.8KForm 4
Nov 11, 2021ALCOCK HARRY GSVP-Chief Investment OfficerSale17,000$55.30$940.1KForm 4

Large holders

Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 26 such filings since October 2021, the latest 10:

  1. Jul 30, 2026SCHEDULE 13G/A
  2. Jul 8, 2026SCHEDULE 13G/A
  3. May 15, 2026SCHEDULE 13G/A
  4. May 14, 2026SCHEDULE 13G
  5. Apr 30, 2026SCHEDULE 13G
  6. Apr 29, 2026SCHEDULE 13G
  7. Mar 27, 2026SCHEDULE 13G/A
  8. Aug 14, 2025SCHEDULE 13G/A
  9. Nov 14, 2024SC 13G/A
  10. Feb 14, 2024SC 13G/A

From Forms 4 and Schedules 13D and 13G filed with the SEC.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.31,250,868$1.2B0.0%−4,928,271
Norges Bank29,452,071$1.2B0.1%New
Capital Research Global Investors25,567,641$1.0B0.1%−59,068
Vanguard Portfolio Management LLC25,516,492$1.0B0.0%−746,204
Vanguard Capital Management LLC20,291,857$810.1M0.0%−178,739
State Street Corp19,385,427$773.9M0.0%−2,170,438
Fmr LLC14,085,967$562.3M0.0%+384,026
Invesco Ltd.13,861,075$553.3M0.0%+160,205
Centersquare Investment Management LLC9,221,587$368.1M3.1%+851,594
Geode Capital Management, LLC8,688,083$346.3M0.0%−66,869
Jpmorgan Chase & Co6,230,612$250.6M0.0%+537,328
Canada Pension Plan Investment Board5,500,000$219.6M0.1%New
Wellington Management Group Llp5,453,681$217.7M0.0%−1,034,545
Charles Schwab Investment Management Inc5,182,649$206.9M0.0%+172,819
Dimensional Fund Advisors LP4,806,606$191.9M0.0%−43,509
Cbre Investment Management Listed Real Assets LLC4,581,042$182.9M2.5%+2,045,036
Northern Trust Corp4,005,381$159.9M0.0%−563,117
Daiwa Securities Group Inc.3,651,175$145.8M0.3%−801,995
Morgan Stanley3,311,671$132.2M0.0%−230,332
Goldman Sachs Group Inc2,837,993$113.3M0.0%+164,198
Alyeska Investment Group, L.P.2,665,782$106.4M0.3%New
UBS Group AG2,493,207$99.5M0.0%+461,403
Nuveen, LLC2,361,535$94.3M0.0%+1,630,384
Bank of New York Mellon Corp2,246,003$89.7M0.0%+26,059
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC2,186,027$87.3M0.0%−741,739

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

5 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 27, 2026Alan ArmstrongRepublican, SenateBuy$1,001 - $15,000−19.8%Report
Sep 25, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000+24.1%Report
Sep 23, 2025Julie JohnsonDemocratic, HouseBuy$1,001 - $15,000−25.2%Report
Sep 23, 2025Julie JohnsonDemocratic, HouseSale$1,001 - $15,000+25.2%Report
Jul 12, 2023Daniel S. GoldmanDemocratic, HouseSale$1,001 - $15,000+93.8%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

Sources

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