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UDR UDR Same Communities — Operating Lease Lease Income

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Other financials

Income statement

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Revenue$425.4M0.0%
Operating income$115.9M+49.7%
Net income$69.0M+83.2%
EPS (diluted)$0.21+90.9%

Balance sheet

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Cash & equivalents$1.2M-22.1%
Total debt$181.0M+0.3%
Total equity$2.9B-11.6%
Total assets$10.3B-3.6%

Cash flow

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Operating cash flow$262.2M+4.7%
CapEx$60.7M+0.8%
Free cash flow$201.5M+6.0%

Valuation

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Market cap$12.25B-3.5%
Enterprise value$12.43B-3.5%
P/E23.5×-69.3×
P/S7.1×-0.4×

Profitability

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Operating margin40.8%+20.9pp
Net margin30.4%+22.3pp
FCF margin37.5%0.0pp

Returns & leverage

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Return on equity16.7%+12.8pp
Debt / equity0.1×0.0×

Where this comes from

Reported directly by UDR in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLeaseIncome.

The source filing: UDR’s 10-Q, filed July 28, 2026.

Filed
Jul 28, 2026, 2:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0000074208-26-000073
Line itemThree Months Ended / June 30, (a) / 2026Three Months Ended / June 30, (a) / 2025Six Months Ended / June 30, (b) / 2026Six Months Ended / June 30, (b) / 2025
Total segment and consolidated other revenue$15,926$15,299$30,525$29,877
Total reportable apartment home segment rental income
Same-Store Communities
West Region$128,736$124,286$255,281$247,742
Northeast Region85,46382,975169,424165,228
Mid-Atlantic Region81,95480,711162,933161,236
Southeast Region55,40856,006110,357111,975
Southwest Region50,12550,73398,12399,669

Item 1. Consolidated Financial Statements

FAQ

What is UDR's same communities — operating lease lease income?
UDR (UDR) reported same communities — operating lease lease income of $128.74M in Q2 2026.
How has UDR's same communities — operating lease lease income changed year-over-year?
UDR's same communities — operating lease lease income decreased by 0.4% year-over-year, from $129.27M to $128.74M.
What is the long-term trend for UDR's same communities — operating lease lease income?
Over 4 years (2021 to 2025), UDR's same communities — operating lease lease income has grown at a 5.8% compound annual growth rate (CAGR), from $409.91M to $512.66M.
What does same communities — operating lease lease income mean?
This is the aggregate of all rental-related income streams from the stabilized portfolio, combining base lease payments and ancillary income. It serves as the top-line revenue metric for the core business segment.

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