Filing Flows › UDR (UDR) › Q3 2025
UDR (UDR) Q3 2025 earnings results (third quarter 2025)
10-Q filed Oct 30, 2025
UDR (UDR) reported revenue of $432M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +2% from the quarter before. Operating margin was 17.7%, net earnings $40.4M (9.4% of revenue).
UDR, Q3 2025: revenue $432M (+3% year over year), operating margin 17.7%, net earnings $40.4M, operating cash flow $235M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $432M | +2% | +3% |
| Operating profit | $76.4M | -1% | +9% |
| Net earnings | $40.4M | +7% | +79% |
| Operating cash flow | $235M | -6% | +2% |
| Free cash flow | $165M | -13% | +2% |
What changed
Revenue was $431.9M in Q3 2025, up 3% year over year and up 2% from the previous quarter.
Operating profit was $76.4M, a 17.7% margin (up 1.1 points year over year). Of the extra revenue versus a year earlier, 56% reached operating profit, above the 17% margin then. Total costs grew 1% against revenue growth of 3%. Net earnings were $40.4M, up 79% year over year. The effective tax rate was 0.9%.
Operating cash flow was $234.9M (up 2% year over year), 545% of net income including minority interests. Non-cash charges added back $172.9M of depreciation and amortization and $3.1M of share-based compensation. Working capital and other items added $15.8M. Capital expenditures of $70.3M left free cash flow of $164.6M.
Questions
What was UDR's revenue in the third quarter 2025?
UDR (UDR) reported revenue of $432M for the third quarter 2025 (Q3 2025), +3% from a year earlier and +2% from the quarter before.
Was UDR profitable in the third quarter 2025?
Operating profit was $76.4M (17.7% of revenue) and net earnings $40.4M.
Source: UDR 10-Q on SEC EDGAR.