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Side-by-side financial comparison of KILROY REALTY CORP (KRC) and UDR, Inc. (UDR). Click either name above to swap in a different company.
UDR, Inc. is the larger business by last-quarter revenue ($425.8M vs $272.2M, roughly 1.6× KILROY REALTY CORP). UDR, Inc. runs the higher net margin — 44.6% vs 6.3%, a 38.3% gap on every dollar of revenue. On growth, UDR, Inc. posted the faster year-over-year revenue change (0.9% vs -5.0%). Over the past eight quarters, UDR, Inc.'s revenue compounded faster (1.3% CAGR vs -1.2%).
Kilroy Realty Corp is a leading U.S. real estate investment trust that develops, owns, and operates premium office, life science, and mixed-use properties primarily across high-growth West Coast markets including Los Angeles, San Francisco, Seattle, and San Diego. It serves tenants across the technology, life sciences, media, and creative sectors, with a core focus on delivering sustainable, future-ready workspaces tailored to modern business needs.
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.
KRC vs UDR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $272.2M | $425.8M |
| Net Profit | $17.1M | $189.8M |
| Gross Margin | — | — |
| Operating Margin | — | 54.0% |
| Net Margin | 6.3% | 44.6% |
| Revenue YoY | -5.0% | 0.9% |
| Net Profit YoY | -73.7% | 147.2% |
| EPS (diluted) | $0.11 | $0.63 |
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 | — | $425.8M | ||
| Q4 25 | $272.2M | $433.1M | ||
| Q3 25 | $279.7M | $431.9M | ||
| Q2 25 | $289.9M | $425.4M | ||
| Q1 25 | $270.8M | $421.9M | ||
| Q4 24 | $286.4M | $422.7M | ||
| Q3 24 | $289.9M | $420.2M | ||
| Q2 24 | $280.7M | $415.3M |
| Q1 26 | — | $189.8M | ||
| Q4 25 | $17.1M | $222.9M | ||
| Q3 25 | $162.3M | $40.4M | ||
| Q2 25 | $79.6M | $37.7M | ||
| Q1 25 | $43.7M | $76.7M | ||
| Q4 24 | $65.0M | $-5.0M | ||
| Q3 24 | $57.7M | $22.6M | ||
| Q2 24 | $54.5M | $28.9M |
| Q1 26 | — | 54.0% | ||
| Q4 25 | — | 64.1% | ||
| Q3 25 | — | 17.7% | ||
| Q2 25 | — | 18.2% | ||
| Q1 25 | — | 29.0% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | — | 16.6% | ||
| Q2 24 | — | 16.5% |
| Q1 26 | — | 44.6% | ||
| Q4 25 | 6.3% | 51.5% | ||
| Q3 25 | 58.0% | 9.4% | ||
| Q2 25 | 27.4% | 8.9% | ||
| Q1 25 | 16.1% | 18.2% | ||
| Q4 24 | 22.7% | -220.5% | ||
| Q3 24 | 19.9% | 5.4% | ||
| Q2 24 | 19.4% | 7.0% |
| Q1 26 | — | $0.63 | ||
| Q4 25 | $0.11 | $0.67 | ||
| Q3 25 | $1.31 | $0.12 | ||
| Q2 25 | $0.57 | $0.11 | ||
| Q1 25 | $0.33 | $0.23 | ||
| Q4 24 | $0.50 | $-0.01 | ||
| Q3 24 | $0.44 | $0.06 | ||
| Q2 24 | $0.41 | $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 | $179.3M | $1.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.4B | $3.3B |
| Total Assets | $10.9B | $10.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.3M | ||
| Q4 25 | $179.3M | $1.2M | ||
| Q3 25 | $372.4M | $1.2M | ||
| Q2 25 | $193.1M | $1.5M | ||
| Q1 25 | $146.7M | $1.3M | ||
| Q4 24 | $165.7M | $1.3M | ||
| Q3 24 | $625.4M | $2.3M | ||
| Q2 24 | $835.9M | $2.8M |
| Q1 26 | — | — | ||
| Q4 25 | — | $5.8B | ||
| Q3 25 | — | $5.8B | ||
| Q2 25 | — | $5.8B | ||
| Q1 25 | — | $5.8B | ||
| Q4 24 | — | $5.8B | ||
| Q3 24 | — | $5.9B | ||
| Q2 24 | — | $5.8B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $5.4B | $3.3B | ||
| Q3 25 | $5.5B | $3.3B | ||
| Q2 25 | $5.4B | $3.3B | ||
| Q1 25 | $5.4B | $3.3B | ||
| Q4 24 | $5.4B | $3.4B | ||
| Q3 24 | $5.4B | $3.5B | ||
| Q2 24 | $5.4B | $3.7B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $10.9B | $10.6B | ||
| Q3 25 | $11.0B | $10.6B | ||
| Q2 25 | $10.9B | $10.6B | ||
| Q1 25 | $10.9B | $10.7B | ||
| Q4 24 | $10.9B | $10.9B | ||
| Q3 24 | $11.4B | $11.1B | ||
| Q2 24 | $11.5B | $11.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.77× | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | — | 1.74× | ||
| Q1 25 | — | 1.74× | ||
| Q4 24 | — | 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 | $566.3M | — |
| Free Cash FlowOCF − Capex | $450.3M | — |
| FCF MarginFCF / Revenue | 165.4% | — |
| Capex IntensityCapex / Revenue | 42.6% | 4.9% |
| Cash ConversionOCF / Net Profit | 33.10× | — |
| TTM Free Cash FlowTrailing 4 quarters | $833.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $566.3M | $902.9M | ||
| Q3 25 | $176.6M | $234.9M | ||
| Q2 25 | $143.7M | $250.3M | ||
| Q1 25 | $136.9M | $156.2M | ||
| Q4 24 | $541.1M | $876.8M | ||
| Q3 24 | $176.3M | $230.3M | ||
| Q2 24 | $88.7M | $238.5M |
| Q1 26 | — | — | ||
| Q4 25 | $450.3M | $650.0M | ||
| Q3 25 | $148.7M | $164.6M | ||
| Q2 25 | $118.4M | $190.1M | ||
| Q1 25 | $115.6M | $103.2M | ||
| Q4 24 | $440.8M | $627.0M | ||
| Q3 24 | $147.2M | $161.3M | ||
| Q2 24 | $69.5M | $171.1M |
| Q1 26 | — | — | ||
| Q4 25 | 165.4% | 150.1% | ||
| Q3 25 | 53.1% | 38.1% | ||
| Q2 25 | 40.9% | 44.7% | ||
| Q1 25 | 42.7% | 24.5% | ||
| Q4 24 | 153.9% | 148.3% | ||
| Q3 24 | 50.8% | 38.4% | ||
| Q2 24 | 24.7% | 41.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | 42.6% | 58.4% | ||
| Q3 25 | 10.0% | 16.3% | ||
| Q2 25 | 8.7% | 14.2% | ||
| Q1 25 | 7.9% | 12.6% | ||
| Q4 24 | 35.0% | 59.1% | ||
| Q3 24 | 10.1% | 16.4% | ||
| Q2 24 | 6.8% | 16.2% |
| Q1 26 | — | — | ||
| Q4 25 | 33.10× | 4.05× | ||
| Q3 25 | 1.09× | 5.81× | ||
| Q2 25 | 1.81× | 6.64× | ||
| Q1 25 | 3.13× | 2.04× | ||
| Q4 24 | 8.32× | — | ||
| Q3 24 | 3.06× | 10.19× | ||
| Q2 24 | 1.63× | 8.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
KRC
Segment breakdown not available.
UDR
| Rental income | $423.3M | 99% |
| Joint venture management and other fees | $2.5M | 1% |
