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UDR UDR Same Communities — Real Estate Tax Expense

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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$12.38B-2.6%
Enterprise value$12.55B-2.5%
P/E23.7×-69.0×
P/S7.2×-0.3×

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:RealEstateTaxExpense.

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
Utilities18,15517,26138,23635,813
Repair and maintenance25,13824,95050,57048,806
Administrative and marketing9,8929,63819,63118,928
Real estate taxes49,14947,82599,71397,446
Insurance5,0245,06610,1329,999
Non-Mature Communities/Other (c)7,1049,77817,30219,562
Total segment and consolidated direct property rental expenses$133,177$132,621$273,768$267,356
Reportable apartment home segment NOI

Item 1. Consolidated Financial Statements

FAQ

What is UDR's same communities — real estate tax expense?
UDR (UDR) reported same communities — real estate tax expense of $49.15M in Q2 2026.
How has UDR's same communities — real estate tax expense changed year-over-year?
UDR's same communities — real estate tax expense increased by 2.8% year-over-year, from $47.83M to $49.15M.
What is the long-term trend for UDR's same communities — real estate tax expense?
Over 2 years (2022 to 2024), UDR's same communities — real estate tax expense has grown at a 2.6% compound annual growth rate (CAGR), from $177.35M to $186.85M.
What does same communities — real estate tax expense mean?
This reflects the property taxes assessed by local and state governments on the stabilized apartment communities. It is a significant, non-discretionary operating expense that is highly dependent on local tax jurisdictions and property valuations.

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