UDR, Inc.
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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FY2025 · Filed Feb 17, 2026
UDR$36.66-0.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets at December 31, 2025 and 2024
CONSOLIDATED BALANCE SHEETS
(In thousands, except share data)
| | | | | | | |
|---|---|---|---|---|---|---|
| · · December 31, · · December 31, | ||||||
| · · 2025 · · 2024 | ||||||
| ASSETS | | | | | | |
| Real estate owned: · · · · | ||||||
| Real estate held for investment | | $16,415,000 | | $15,994,794 | ||
| Less: accumulated depreciation | | (7,374,546) | | (6,836,920) | ||
| Real estate held for investment, net | | 9,040,454 | | 9,157,874 | ||
| Real estate under development (net of accumulated depreciation of $0 and $0, respectively) | | 72,885 | | — | ||
| Real estate held for disposition (net of accumulated depreciation of $0 and $64,106, respectively) | | — | | 154,463 | ||
| Total real estate owned, net of accumulated depreciation | | 9,113,339 | | 9,312,337 | ||
| | | | | | | |
| Cash and cash equivalents | | 1,222 | | 1,326 | ||
| Restricted cash | | 35,710 | | 34,101 | ||
| Notes receivable, net | | 149,979 | | 247,849 | ||
| Investment in and advances to unconsolidated joint ventures, net | | 886,492 | | 917,483 | ||
| Operating lease right-of-use assets | | | 187,624 | | | 186,997 |
| Other assets | | 231,308 | | 197,493 | ||
| Total assets | | $10,605,674 | | $10,897,586 | ||
| | | | | | | |
| LIABILITIES AND EQUITY | | | | | ||
| Liabilities: | | | | | ||
| Secured debt, net | | $961,180 | | $1,139,331 | ||
| Unsecured debt, net | | 4,860,189 | | 4,687,634 | ||
| Operating lease liabilities | | | 182,963 | | | 182,275 |
| Real estate taxes payable | | 45,640 | | 46,403 | ||
| Accrued interest payable | | 51,698 | | 52,631 | ||
| Security deposits and prepaid rent | | 61,205 | | 61,592 | ||
| Distributions payable | | 151,934 | | 151,720 | ||
| Accounts payable, accrued expenses, and other liabilities | | 142,102 | | 115,105 | ||
| Total liabilities | | 6,456,911 | | 6,436,691 | ||
| | | | | | | |
| Commitments and contingencies (Note 15) | | | | | ||
| | | | | | | |
| Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership | | 859,966 | | 1,017,355 | ||
| | | | | | | |
| Equity: | | | | | ||
| Preferred stock, no par value; 50,000,000 shares authorized at December 31, 2025 and December 31, 2024: | | | | | ||
| 8.00% Series E Cumulative Convertible; 2,600,678 and 2,600,678 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | | 43,192 | | 43,192 | ||
| Series F; 10,105,845 and 10,424,485 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | | 1 | | 1 | ||
| Common stock, $0.01 par value; 450,000,000 shares authorized at December 31, 2025 and December 31, 2024: | | | | | ||
| 328,273,044 and 330,858,719 shares issued and outstanding at December 31, 2025 and December 31, 2024, respectively | | 3,283 | | 3,309 | ||
| Additional paid-in capital | | 7,480,594 | | 7,572,480 | ||
| Distributions in excess of net income | | (4,240,268) | | (4,179,415) | ||
| Accumulated other comprehensive income/(loss), net | | 1,660 | | 3,638 | ||
| Total stockholders’ equity | | 3,288,462 | | 3,443,205 | ||
| Noncontrolling interests | | 335 | | 335 | ||
| Total equity | | 3,288,797 | | 3,443,540 | ||
| Total liabilities and equity | | $10,605,674 | | $10,897,586 | ||
F - 5
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.