UDR Balance Sheet (2009-2025) | UDR

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Balance Sheet	Jun2009	Sep2009	Dec2009	Mar2010	Jun2010	Sep2010	Dec2010	Mar2011	Jun2011	Sep2011	Dec2011	Mar2012	Jun2012	Sep2012	Dec2012	Mar2013	Jun2013	Sep2013	Dec2013	Mar2014	Jun2014	Sep2014	Dec2014	Mar2015	Jun2015	Sep2015	Dec2015	Mar2016	Jun2016	Sep2016	Dec2016	Mar2017	Jun2017	Sep2017	Dec2017	Mar2018	Jun2018	Sep2018	Dec2018	Mar2019	Jun2019	Sep2019	Dec2019	Mar2020	Jun2020	Sep2020	Dec2020	Mar2021	Jun2021	Sep2021	Dec2021	Mar2022	Jun2022	Sep2022	Dec2022	Mar2023	Jun2023	Sep2023	Dec2023	Mar2024	Jun2024	Sep2024	Dec2024	Mar2025	Jun2025	Sep2025	Dec2025
Assets
Current Assets
Cash & Equivalents (Quarter)	0.00B	0.02B	0.00B	0.02B	0.01B	0.01B	0.01B	0.01B	0.02B	0.01B	0.01B	0.00B	0.18B	0.08B	0.01B	0.01B	0.01B	0.01B	0.03B	0.02B	0.03B	0.01B	0.02B	0.01B	0.00B	0.00B	0.01B	0.00B	0.01B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.19B	0.00B	0.00B	0.00B	0.01B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B
Short-term Investments (Quarter)																			0.02B				0.02B
Cash & Current Investments (Quarter)	0.00B	0.02B	0.00B	0.02B	0.01B	0.01B	0.01B	0.01B	0.02B	0.01B	0.01B	0.00B	0.18B	0.08B	0.01B	0.01B	0.01B	0.01B	0.05B	0.02B	0.03B	0.01B	0.04B	0.01B	0.00B	0.00B	0.01B	0.00B	0.01B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.19B	0.00B	0.00B	0.00B	0.01B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B
Securities - Tradable (Quarter)			0.04B		0.04B	0.04B	0.00B
Loans - Gross (Quarter)																																																							0.05B				0.23B	0.24B	0.24B	0.28B	0.29B	0.40B	0.14B	0.15B	0.15B
Loans - Loss Allowance (Quarter)																																																							0.00B				0.00B	0.00B	0.00B	0.00B	0.04B	0.04B	0.00B	0.00B	0.00B
Loans - Net (Quarter)			0.01B		0.01B	0.01B	0.01B	0.01B	0.01B	0.01B		0.01B	0.04B	0.06B	0.03B	0.07B	0.07B	0.07B	0.08B	0.08B	0.04B	0.02B	0.01B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.04B	0.04B	0.04B	0.04B	0.04B	0.04B	0.15B	0.15B	0.16B	0.16B	0.16B	0.16B	0.14B	0.03B	0.03B	0.03B	0.04B	0.04B	0.05B	0.07B	0.18B	0.21B	0.23B	0.24B	0.24B	0.28B	0.25B	0.37B	0.14B	0.15B	0.15B
Non-Current Assets
Construction in Progress (Quarter)			0.32B		0.15B	0.09B	0.10B	0.11B	0.16B	0.19B	0.25B	0.23B	0.28B	0.36B	0.49B	0.45B	0.43B	0.49B	0.47B	0.22B	0.28B	0.32B	0.18B	0.20B	0.09B	0.10B	0.12B	0.20B	0.24B	0.29B	0.34B	0.39B	0.47B	0.53B	0.59B	0.64B	0.34B	0.35B				0.02B	0.07B	0.10B	0.13B	0.20B	0.25B	0.24B	0.29B	0.33B	0.39B	0.46B	0.40B	0.37B	0.19B	0.08B	0.11B	0.14B	0.16B	0.13B				0.03B	0.04B	0.05B	0.07B
Long-Term Investments (Quarter)			0.01B		0.02B	0.02B	0.15B	0.15B	0.18B	0.19B	0.21B	0.55B	0.58B	0.58B	0.06B			0.53B	0.51B	0.52B	0.61B	0.65B	0.72B	0.76B	0.91B	0.92B	0.94B	0.94B	0.93B	0.92B	0.83B	0.82B	0.01B	0.02B	0.78B	0.73B	0.74B	0.77B	0.78B	0.75B	0.77B	0.79B	0.59B	0.59B	0.60B	0.65B	0.60B	0.62B	0.62B	0.64B	0.70B	0.67B	0.69B	0.76B	0.75B	0.75B	0.96B	0.96B	0.95B	0.95B	0.96B	0.97B	0.92B	0.92B	0.88B	0.91B	0.89B
Long-Term Deferred Tax (Quarter)																															0.00B		0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B
Other Non-Current Assets (Quarter)			0.07B		0.06B	0.07B	0.07B	0.10B		0.13B	0.33B	0.28B	0.12B		0.13B	0.13B	0.14B	0.14B	0.01B	0.13B	0.05B	0.12B		0.10B	0.02B	0.12B	0.02B	0.02B	0.13B	0.12B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.03B	0.03B	0.02B	0.02B	0.02B	0.02B	0.03B	0.02B	0.02B	0.02B	0.02B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.20B	0.03B	0.03B	0.04B	0.04B
Assets (Quarter)			5.13B		5.08B	5.48B	5.53B	5.50B	5.96B	6.80B	6.72B	6.94B	6.97B	6.91B	6.86B	6.89B	6.74B	6.76B	6.81B	6.83B	6.93B	6.90B	6.83B	6.86B	6.94B	6.92B	7.66B	7.60B	7.61B	7.65B	7.68B	7.74B	7.77B	7.76B	7.73B	7.71B	7.71B	7.68B	7.71B	7.96B	8.20B	8.70B	9.64B	9.69B	9.56B	9.55B	9.64B	9.57B	9.92B	10.40B	10.78B	10.68B	11.00B	11.10B	11.04B	10.97B	11.09B	11.42B	11.37B	11.19B	11.12B	11.08B	10.90B	10.75B	10.65B	10.60B	10.61B
Liabilities
Current Liabilities
Accounts Payables (Quarter)			0.08B		0.06B	0.06B	0.11B	0.09B	0.10B	0.11B	0.10B	0.08B	0.10B	0.10B	0.10B	0.08B	0.11B	0.10B	0.12B	0.08B	0.09B	0.08B	0.09B	0.06B	0.07B	0.06B	0.08B	0.08B	0.09B	0.09B	0.10B	0.07B	0.09B	0.10B	0.10B	0.08B	0.07B	0.07B	0.08B	0.07B	0.06B	0.07B	0.09B	0.08B	0.11B	0.10B	0.11B	0.10B	0.12B	0.11B	0.14B	0.12B	0.14B	0.14B	0.15B	0.11B	0.12B	0.13B	0.14B	0.12B	0.12B	0.12B	0.12B	0.09B	0.11B	0.13B	0.14B
Notes Payables (Quarter)																															0.27B		0.27B	0.27B	0.01B	0.27B	0.27B	0.27B	0.29B	0.28B	0.29B	0.22B	0.23B	0.13B	0.08B	0.08B	0.13B
Dividends payables (Quarter)			0.03B		0.03B	0.04B	0.04B	0.04B	0.04B	0.05B	0.05B	0.05B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.06B	0.07B	0.07B	0.07B	0.07B	0.08B	0.08B	0.08B	0.08B	0.09B	0.09B	0.09B	0.09B	0.09B	0.09B	0.09B	0.09B	0.10B	0.10B	0.10B	0.10B	0.11B	0.11B	0.11B	0.11B	0.12B	0.12B	0.12B	0.12B	0.12B	0.12B	0.12B	0.12B	0.13B	0.13B	0.13B	0.13B	0.15B	0.15B	0.15B	0.15B	0.15B	0.15B	0.15B	0.15B	0.15B	0.15B	0.15B	0.15B
Payables (Quarter)			0.11B		0.09B	0.10B	0.14B	0.13B	0.15B	0.16B	0.15B	0.13B	0.16B	0.16B	0.16B	0.14B	0.17B	0.16B	0.18B	0.14B	0.16B	0.15B	0.16B	0.14B	0.15B	0.13B	0.16B	0.16B	0.18B	0.18B	0.46B	0.17B	0.46B	0.46B	0.20B	0.45B	0.44B	0.44B	0.47B	0.46B	0.46B	0.40B	0.43B	0.33B	0.31B	0.30B	0.36B	0.22B	0.24B	0.24B	0.26B	0.25B	0.27B	0.27B	0.29B	0.26B	0.27B	0.28B	0.29B	0.27B	0.27B	0.27B	0.27B	0.25B	0.26B	0.28B	0.29B
Accumulated Expenses (Quarter)			0.02B		0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.02B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.02B	0.03B	0.02B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.04B	0.03B	0.04B	0.03B	0.04B	0.03B	0.05B	0.03B	0.05B	0.03B	0.04B	0.02B	0.04B	0.03B	0.05B	0.03B	0.05B	0.03B	0.05B	0.03B	0.05B	0.03B	0.05B	0.03B	0.05B	0.03B	0.05B	0.03B	0.05B	0.03B	0.05B
Current Taxes (Quarter)			0.02B		0.02B	0.03B	0.01B	0.02B	0.01B	0.03B	0.01B	0.02B	0.01B	0.03B	0.01B	0.01B	0.01B	0.03B	0.01B	0.02B	0.02B	0.03B	0.02B	0.02B	0.02B	0.03B	0.02B
Non-Current Liabilities
Non-Current Debt (Quarter)			1.44B		1.96B	1.43B	1.60B	1.75B	1.71B	2.00B	2.03B	2.10B	1.44B	1.90B	1.98B	1.43B	1.39B	1.38B	2.08B	1.44B	1.40B	2.23B		1.37B	2.21B	1.35B	0.23B	2.04B	2.21B	1.05B	1.13B	1.03B	0.81B	0.80B	0.80B	0.80B	0.80B	0.80B	0.60B	0.60B	0.60B	0.60B	3.56B	1.14B	1.11B	0.93B	4.11B	0.92B	4.39B	4.46B	4.36B	1.06B	4.46B	1.05B	4.44B	4.53B	1.05B	1.24B	1.28B	4.53B	4.54B	4.72B	4.69B	4.67B	1.14B	4.74B	4.86B
Non-Current Deffered Revenue (Quarter)			0.03B		0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B	0.03B				0.03B				0.03B		0.03B	0.03B	0.04B	0.04B	0.04B	0.04B	0.03B	0.04B	0.04B	0.03B	0.03B	0.04B	0.03B	0.03B	0.04B	0.04B	0.04B	0.04B	0.05B	0.05B	0.05B	0.05B	0.05B	0.05B	0.05B	0.05B	0.06B	0.05B	0.05B	0.05B	0.05B	0.06B	0.06B	0.05B	0.05B	0.05B	0.05B	0.05B	0.06B	0.05B	0.05B	0.06B	0.06B
Minority Interest (Quarter)			0.10B		0.00B	0.12B	0.12B	0.00B	0.19B	0.21B	0.24B				0.00B	0.00B	0.00B	0.22B	0.22B	0.24B	0.00B	0.25B	0.28B	0.31B	0.29B	0.00B	0.95B	0.97B	0.00B	0.90B	0.91B	0.90B	0.97B	0.01B	0.95B	0.01B	0.92B	0.99B	0.02B	0.01B	0.02B	1.07B	0.03B	0.82B	0.83B	0.76B	0.02B	0.99B	1.10B	0.03B	0.03B	0.00B	0.00B	0.92B	0.00B	0.90B	0.00B	0.91B	0.96B	0.00B	0.00B	1.10B	1.02B	1.06B	0.00B	0.88B	0.86B
Liabilities from Discontinued Operations (Quarter)							0.15B	0.06B		0.02B																																					0.06B			0.04B	0.11B
Operating Leases (Quarter)																																								0.09B	0.09B	0.13B	0.20B	0.20B	0.20B	0.20B	0.20B	0.19B	0.19B	0.19B	0.19B	0.19B	0.19B	0.19B	0.19B	0.19B	0.19B	0.19B	0.19B	0.18B	0.18B	0.18B	0.18B	0.18B	0.18B	0.18B	0.18B
Non-Current Deferred Tax Liability (Quarter)																																							0.00B			0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B
Other Non-Current Liabilities (Quarter)																																							0.00B	0.00B	0.00B
Total Non-Current Liabilities (Quarter)																																			3.95B			4.08B	3.82B	3.94B	4.23B		0.09B			1.19B	0.25B	1.19B	1.26B	1.28B	0.07B	1.25B	1.30B	1.36B	1.08B	1.99B	1.94B	1.97B	1.11B	2.03B	2.03B	2.05B	0.05B	2.25B	2.03B	2.06B	0.84B
Total Liabilities (Quarter)			3.63B		3.59B	3.68B	3.80B	3.74B	3.94B	4.27B	4.17B	4.15B	3.61B	3.62B	3.64B	3.73B	3.64B	3.71B	3.78B	3.85B	3.98B	3.87B	3.81B	3.74B	3.79B	3.74B	3.82B	3.66B	3.73B	3.82B	3.67B	3.79B	3.90B	3.96B	3.95B	3.95B	4.02B	4.08B	3.82B	3.94B	4.23B	4.35B	5.23B	5.39B	5.32B	5.46B	5.52B	5.56B	6.01B	6.08B	6.00B	6.03B	6.11B	6.23B	6.10B	6.14B	6.03B	6.36B	6.42B	6.33B	6.37B	6.47B	6.44B	6.36B	6.36B	6.45B	6.46B
Shareholder's Equity
Total Debt (Quarter)			1.44B		1.96B	1.43B	1.60B	1.75B	1.71B	2.00B	2.03B	2.10B	1.44B	1.90B	1.98B	1.43B	1.39B	1.38B	2.08B	1.44B	1.40B	2.23B		1.37B	2.21B	1.35B	0.23B	2.04B	2.21B	1.05B	1.13B	1.03B	0.81B	0.80B	0.80B	0.80B	0.80B	0.80B	0.60B	0.60B	0.60B	0.60B	3.56B	1.14B	1.11B	0.93B	4.11B	0.92B	4.39B	4.46B	4.36B	1.06B	4.46B	1.05B	4.44B	4.53B	1.05B	1.24B	1.28B	4.53B	4.54B	4.72B	4.69B	4.67B	1.14B	4.74B	4.86B
Common Equity (Quarter)			1.40B		1.37B	1.68B	1.61B	1.63B	1.83B	2.33B	2.32B	2.53B	3.11B	3.06B	2.99B	2.93B	2.87B	2.83B	2.81B	2.74B	2.68B	2.78B	2.74B	2.81B	2.86B	2.87B	2.90B	2.97B	2.95B	2.92B	3.10B	3.04B	2.89B	2.85B	2.84B	2.89B	2.77B	2.61B	2.92B	2.96B	2.97B	3.27B	3.39B	3.48B	3.41B	3.33B	3.26B	3.02B	2.81B	3.12B	3.47B	3.39B	3.87B	3.95B	4.10B	3.92B	4.12B	4.15B	3.99B	3.92B	3.72B	3.51B	3.44B	3.33B	3.33B	3.28B	3.29B
Shareholder's Equity (Quarter)			1.40B		1.37B	1.67B	1.61B	1.64B	1.83B	2.33B	2.32B	2.54B	3.11B	3.05B	2.99B	2.93B	2.87B	2.83B	2.81B	2.74B	2.68B	2.78B	2.74B	2.81B	2.86B	2.88B	2.90B	2.97B	2.95B	2.93B	3.10B	3.04B	2.89B	2.85B	2.84B	2.89B	2.77B	2.61B	2.92B	2.96B	2.97B	3.27B	3.39B	3.48B	3.41B	3.33B	3.26B	3.02B	2.81B	3.12B	3.47B	3.39B	3.87B	3.95B	4.10B	3.92B	4.12B	4.15B	3.99B	3.92B	3.72B	3.51B	3.44B	3.33B	3.33B	3.27B	3.29B
Liabilities and Shareholders Equity (Quarter)			5.13B		5.08B	5.48B	5.53B	5.50B	5.96B	6.80B	6.72B	6.94B	6.97B	6.91B	6.86B	6.89B	6.74B	6.76B	6.81B	6.83B	6.93B	6.90B	6.83B	6.86B	6.94B	6.92B	7.66B	7.60B	7.61B	7.65B	7.68B	7.74B	7.77B	7.76B	7.73B	7.71B	7.71B	7.68B	7.71B	7.96B	8.20B	8.70B	9.64B	9.69B	9.56B	9.55B	9.64B	9.57B	9.92B	10.40B	10.78B	10.68B	11.00B	11.10B	11.04B	10.97B	11.09B	11.42B	11.37B	11.19B	11.12B	11.08B	10.90B	10.75B	10.65B	10.60B	10.61B
Retained Earnings (Quarter)			0.00B		-0.00B	-0.00B	-0.00B	-0.00B	-0.01B	-0.02B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.00B	-0.00B	-0.00B	-0.01B	-0.02B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	-0.00B	0.00B	-0.00B	-0.00B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.01B	-0.00B	0.00B	0.00B	0.01B	0.01B	0.01B	0.01B	0.01B	0.00B	0.01B	0.01B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B
Preferred Shares (Quarter)			0.05B		0.09B	0.09B	0.05B	0.05B	0.05B	0.05B	0.08B	0.08B		0.05B	0.05B	0.05B	0.05B	0.05B	0.05B	0.05B	0.05B	0.05B		0.05B	0.05B	0.05B	0.00B	0.00B	0.05B	0.00B	0.00B	0.00B	0.05B	0.05B	0.00B	0.05B	0.05B	0.00B	0.05B	0.00B	0.05B	0.00B	0.00B	0.05B	0.04B	0.04B	0.04B	0.04B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.00B	0.04B	0.04B	0.00B	0.00B	0.04B	0.00B	0.04B	0.04B	0.04B	0.04B	0.04B	0.00B
Treasury Shares (Quarter)			0.00B				0.00B				0.00B				0.00B				0.00B				0.00B				0.00B				0.00B				0.00B				0.00B				0.00B			0.00B	0.00B				0.00B			0.00B	0.00B			0.00B	0.00B				0.00B			0.00B	0.00B
Shares Outstanding (Quarter)			0.18B		0.16B	0.18B	0.18B	0.19B	0.01B	0.22B	0.22B	0.23B	0.25B	0.25B	0.18B	0.25B	0.25B	0.25B	0.18B	0.25B	0.25B	0.26B	0.18B	0.26B	0.26B	0.26B	0.26B	0.27B	0.27B	0.27B	0.18B	0.27B	0.27B	0.27B	0.27B	0.27B	0.27B	0.27B	0.28B	0.28B	0.28B	0.29B	0.01B	0.29B	0.30B	0.29B	0.01B	0.30B	0.30B	0.31B	0.01B	0.32B	0.32B	0.33B	0.33B	0.33B	0.33B	0.33B	0.33B	0.33B	0.33B	0.33B	0.33B	0.33B	0.33B	0.33B	0.33B

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UDR Balance Sheet (2009-2025) | UDR

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