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Side-by-side financial comparison of Federal Realty Investment Trust (FRT) and UDR, Inc. (UDR). Click either name above to swap in a different company.
UDR, Inc. is the larger business by last-quarter revenue ($433.1M vs $336.0M, roughly 1.3× Federal Realty Investment Trust). UDR, Inc. runs the higher net margin — 51.5% vs 38.6%, a 12.9% gap on every dollar of revenue. On growth, Federal Realty Investment Trust posted the faster year-over-year revenue change (8.7% vs 2.5%). Over the past eight quarters, Federal Realty Investment Trust's revenue compounded faster (6.5% CAGR vs 2.3%).
Federal Realty Investment Trust is a real estate investment trust that invests in shopping centers in the Northeastern United States, the Mid-Atlantic states, California, and South Florida.
UDR, Inc. is a leading U.S.-headquartered real estate investment trust specializing in owning, operating, and redeveloping high-quality multifamily residential apartment communities. It operates across major U.S. metropolitan markets, catering to a diverse tenant base including young professionals, families, and middle-to-high income households.
FRT vs UDR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $336.0M | $433.1M |
| Net Profit | $129.7M | $222.9M |
| Gross Margin | — | — |
| Operating Margin | 53.8% | 64.1% |
| Net Margin | 38.6% | 51.5% |
| Revenue YoY | 8.7% | 2.5% |
| Net Profit YoY | 103.5% | 4519.2% |
| EPS (diluted) | $1.49 | $0.67 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $336.0M | — | ||
| Q4 25 | $336.0M | $433.1M | ||
| Q3 25 | $322.3M | $431.9M | ||
| Q2 25 | $311.5M | $425.4M | ||
| Q1 25 | $309.2M | $421.9M | ||
| Q4 24 | $311.4M | $422.7M | ||
| Q3 24 | $303.6M | $420.2M | ||
| Q2 24 | $296.1M | $415.3M |
| Q1 26 | $129.7M | — | ||
| Q4 25 | $129.7M | $222.9M | ||
| Q3 25 | $61.6M | $40.4M | ||
| Q2 25 | $155.9M | $37.7M | ||
| Q1 25 | $63.8M | $76.7M | ||
| Q4 24 | $65.5M | $-5.0M | ||
| Q3 24 | $61.0M | $22.6M | ||
| Q2 24 | $112.0M | $28.9M |
| Q1 26 | 53.8% | — | ||
| Q4 25 | 53.8% | 64.1% | ||
| Q3 25 | 34.3% | 17.7% | ||
| Q2 25 | 65.1% | 18.2% | ||
| Q1 25 | 35.0% | 29.0% | ||
| Q4 24 | 35.1% | 15.7% | ||
| Q3 24 | 34.9% | 16.6% | ||
| Q2 24 | 53.0% | 16.5% |
| Q1 26 | 38.6% | — | ||
| Q4 25 | 38.6% | 51.5% | ||
| Q3 25 | 19.1% | 9.4% | ||
| Q2 25 | 50.0% | 8.9% | ||
| Q1 25 | 20.6% | 18.2% | ||
| Q4 24 | 21.0% | -220.5% | ||
| Q3 24 | 20.1% | 5.4% | ||
| Q2 24 | 37.8% | 7.0% |
| Q1 26 | $1.49 | — | ||
| Q4 25 | $1.49 | $0.67 | ||
| Q3 25 | $0.69 | $0.12 | ||
| Q2 25 | $1.78 | $0.11 | ||
| Q1 25 | $0.72 | $0.23 | ||
| Q4 24 | $0.74 | $-0.01 | ||
| Q3 24 | $0.70 | $0.06 | ||
| Q2 24 | $1.32 | $0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $107.4M | $1.2M |
| Total DebtLower is stronger | $5.0B | $5.8B |
| Stockholders' EquityBook value | $3.2B | $3.3B |
| Total Assets | $9.1B | $10.6B |
| Debt / EquityLower = less leverage | 1.53× | 1.77× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $107.4M | — | ||
| Q4 25 | $107.4M | $1.2M | ||
| Q3 25 | $111.3M | $1.2M | ||
| Q2 25 | $177.0M | $1.5M | ||
| Q1 25 | $109.2M | $1.3M | ||
| Q4 24 | $123.4M | $1.3M | ||
| Q3 24 | $97.0M | $2.3M | ||
| Q2 24 | $103.2M | $2.8M |
| Q1 26 | $5.0B | — | ||
| Q4 25 | $5.0B | $5.8B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | $4.5B | $5.8B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $5.8B |
| Q1 26 | $3.2B | — | ||
| Q4 25 | $3.2B | $3.3B | ||
| Q3 25 | $3.2B | $3.3B | ||
| Q2 25 | $3.2B | $3.3B | ||
| Q1 25 | $3.2B | $3.3B | ||
| Q4 24 | $3.2B | $3.4B | ||
| Q3 24 | $3.1B | $3.5B | ||
| Q2 24 | $3.0B | $3.7B |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $9.1B | $10.6B | ||
| Q3 25 | $8.9B | $10.6B | ||
| Q2 25 | $8.6B | $10.6B | ||
| Q1 25 | $8.6B | $10.7B | ||
| Q4 24 | $8.5B | $10.9B | ||
| Q3 24 | $8.5B | $11.1B | ||
| Q2 24 | $8.4B | $11.1B |
| Q1 26 | 1.53× | — | ||
| Q4 25 | 1.53× | 1.77× | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | 1.74× | ||
| Q1 25 | — | 1.74× | ||
| Q4 24 | 1.42× | 1.69× | ||
| Q3 24 | — | 1.67× | ||
| Q2 24 | — | 1.55× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $902.9M |
| Free Cash FlowOCF − Capex | — | $650.0M |
| FCF MarginFCF / Revenue | — | 150.1% |
| Capex IntensityCapex / Revenue | — | 58.4% |
| Cash ConversionOCF / Net Profit | — | 4.05× |
| TTM Free Cash FlowTrailing 4 quarters | — | $1.1B |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $622.4M | $902.9M | ||
| Q3 25 | $147.8M | $234.9M | ||
| Q2 25 | $150.7M | $250.3M | ||
| Q1 25 | $179.0M | $156.2M | ||
| Q4 24 | $574.6M | $876.8M | ||
| Q3 24 | $144.1M | $230.3M | ||
| Q2 24 | $169.7M | $238.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $650.0M | ||
| Q3 25 | — | $164.6M | ||
| Q2 25 | — | $190.1M | ||
| Q1 25 | — | $103.2M | ||
| Q4 24 | — | $627.0M | ||
| Q3 24 | — | $161.3M | ||
| Q2 24 | — | $171.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | 150.1% | ||
| Q3 25 | — | 38.1% | ||
| Q2 25 | — | 44.7% | ||
| Q1 25 | — | 24.5% | ||
| Q4 24 | — | 148.3% | ||
| Q3 24 | — | 38.4% | ||
| Q2 24 | — | 41.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 58.4% | ||
| Q3 25 | — | 16.3% | ||
| Q2 25 | — | 14.2% | ||
| Q1 25 | — | 12.6% | ||
| Q4 24 | — | 59.1% | ||
| Q3 24 | — | 16.4% | ||
| Q2 24 | — | 16.2% |
| Q1 26 | — | — | ||
| Q4 25 | 4.80× | 4.05× | ||
| Q3 25 | 2.40× | 5.81× | ||
| Q2 25 | 0.97× | 6.64× | ||
| Q1 25 | 2.81× | 2.04× | ||
| Q4 24 | 8.77× | — | ||
| Q3 24 | 2.36× | 10.19× | ||
| Q2 24 | 1.52× | 8.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
