Udr (UDR) FY2024 results: revenue $1.7 billion, up 2.7% on the year
Udr, Inc. (UDR) reported revenue of $1.7 billion for fiscal 2024, the year ended 31 December 2024, up 2.7% on the year before. Net income was $90 million, down 79.8%, and diluted earnings per share $0.26. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2025.
Revenue
$1.7 billion
+2.7% on the year
FY2017FY2024
Operating margin
17.0%
39.0% a year earlier
FY2017FY2024
Net income
$90 million
-79.8% on the year
FY2017FY2024
Diluted EPS
$0.26
-80.6% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
877
833
820
+5.3%
Capital expenditure
250
295
215
-15.4%
Free cash flow
627
537
605
+16.7%
Free cash flow margin
37.5%
33.0%
39.9%
Cash from investing
-276
-289
-930
Cash from financing
-600
-539
111
Depreciation and amortisation
695
692
680
+0.5%
Share-based compensation
32.6
32.9
27.5
-0.8%
Buybacks
n/a
25.0
49.0
Dividends paid
558
540
484
+3.5%
Dividend per share
$1.70
$1.68
$1.52
+1.2%
Diluted shares, weighted
330m
329m
323m
+0.3%
Shares outstanding at period end
331m
329m
329m
+0.6%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
3,443
3,991
4,098
-13.7%
Non-controlling interest
0.3
0.2
0.2
+59.5%
Redeemable equity
1,017
961
840
+5.9%
Debt
5,827
5,799
5,487
+0.5%
Other liabilities
610
622
613
-2.0%
Total liabilities and equity
10,898
11,373
11,038
-4.2%
Intangible assets
31.0
45.9
40.3
-32.3%
Loans
n/a
n/a
54.7
Cash and equivalents
1.3
2.9
1.2
-54.6%
Other assets
10,865
11,324
10,942
-4.1%
Total assets
10,898
11,373
11,038
-4.2%
10-K for the year ended 31 December 2024, filed 18 February 2025: the filing.