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Side-by-side financial comparison of MEDICAL PROPERTIES TRUST INC (MPW) 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 $270.3M, roughly 1.6× MEDICAL PROPERTIES TRUST INC). UDR, Inc. runs the higher net margin — 44.6% vs 6.5%, a 38.1% gap on every dollar of revenue. On growth, MEDICAL PROPERTIES TRUST INC posted the faster year-over-year revenue change (16.6% vs 0.9%). Over the past eight quarters, UDR, Inc.'s revenue compounded faster (1.3% CAGR vs -0.2%).
Medical Properties Trust, Inc. (MPT) is an international real estate investment trust (REIT) based in Birmingham, Alabama that purchases and invests in healthcare facilities and for-profit healthcare holding companies, primarily in the United States and Europe. Their property acquisitions often come in the form of sale-leaseback agreements, in which the original property owner sells the property to MPT and becomes their tenant. MPT's tenants are generally subject to long-term triple net lease...
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.
MPW vs UDR — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $270.3M | $425.8M |
| Net Profit | $17.6M | $189.8M |
| Gross Margin | 95.8% | — |
| Operating Margin | 9.7% | 54.0% |
| Net Margin | 6.5% | 44.6% |
| Revenue YoY | 16.6% | 0.9% |
| Net Profit YoY | 104.3% | 147.2% |
| EPS (diluted) | $0.03 | $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 | $270.3M | $433.1M | ||
| Q3 25 | $237.5M | $431.9M | ||
| Q2 25 | $240.4M | $425.4M | ||
| Q1 25 | $223.8M | $421.9M | ||
| Q4 24 | $231.8M | $422.7M | ||
| Q3 24 | $225.8M | $420.2M | ||
| Q2 24 | $266.6M | $415.3M |
| Q1 26 | — | $189.8M | ||
| Q4 25 | $17.6M | $222.9M | ||
| Q3 25 | $-77.7M | $40.4M | ||
| Q2 25 | $-98.4M | $37.7M | ||
| Q1 25 | $-118.3M | $76.7M | ||
| Q4 24 | $-412.3M | $-5.0M | ||
| Q3 24 | $-801.2M | $22.6M | ||
| Q2 24 | $-320.6M | $28.9M |
| Q1 26 | — | — | ||
| Q4 25 | 95.8% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 91.8% | — | ||
| Q1 25 | 63.6% | — | ||
| Q4 24 | 90.9% | — | ||
| Q3 24 | 96.5% | — | ||
| Q2 24 | 98.4% | — |
| Q1 26 | — | 54.0% | ||
| Q4 25 | 9.7% | 64.1% | ||
| Q3 25 | -28.0% | 17.7% | ||
| Q2 25 | -36.7% | 18.2% | ||
| Q1 25 | -48.5% | 29.0% | ||
| Q4 24 | -173.7% | 15.7% | ||
| Q3 24 | -350.7% | 16.6% | ||
| Q2 24 | -114.5% | 16.5% |
| Q1 26 | — | 44.6% | ||
| Q4 25 | 6.5% | 51.5% | ||
| Q3 25 | -32.7% | 9.4% | ||
| Q2 25 | -40.9% | 8.9% | ||
| Q1 25 | -52.8% | 18.2% | ||
| Q4 24 | -177.8% | -220.5% | ||
| Q3 24 | -354.8% | 5.4% | ||
| Q2 24 | -120.3% | 7.0% |
| Q1 26 | — | $0.63 | ||
| Q4 25 | $0.03 | $0.67 | ||
| Q3 25 | $-0.13 | $0.12 | ||
| Q2 25 | $-0.16 | $0.11 | ||
| Q1 25 | $-0.20 | $0.23 | ||
| Q4 24 | $-0.68 | $-0.01 | ||
| Q3 24 | $-1.34 | $0.06 | ||
| Q2 24 | $-0.54 | $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 | $540.9M | $1.3M |
| Total DebtLower is stronger | $9.7B | — |
| Stockholders' EquityBook value | $4.6B | $3.3B |
| Total Assets | $15.0B | $10.3B |
| Debt / EquityLower = less leverage | 2.11× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.3M | ||
| Q4 25 | $540.9M | $1.2M | ||
| Q3 25 | $396.6M | $1.2M | ||
| Q2 25 | $509.8M | $1.5M | ||
| Q1 25 | $673.5M | $1.3M | ||
| Q4 24 | $332.3M | $1.3M | ||
| Q3 24 | $275.6M | $2.3M | ||
| Q2 24 | $606.5M | $2.8M |
| Q1 26 | — | — | ||
| Q4 25 | $9.7B | $5.8B | ||
| Q3 25 | $9.6B | $5.8B | ||
| Q2 25 | $9.6B | $5.8B | ||
| Q1 25 | $9.5B | $5.8B | ||
| Q4 24 | $8.8B | $5.8B | ||
| Q3 24 | $9.2B | $5.9B | ||
| Q2 24 | $9.4B | $5.8B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $4.6B | $3.3B | ||
| Q3 25 | $4.7B | $3.3B | ||
| Q2 25 | $4.8B | $3.3B | ||
| Q1 25 | $4.8B | $3.3B | ||
| Q4 24 | $4.8B | $3.4B | ||
| Q3 24 | $5.4B | $3.5B | ||
| Q2 24 | $6.2B | $3.7B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $15.0B | $10.6B | ||
| Q3 25 | $14.9B | $10.6B | ||
| Q2 25 | $15.2B | $10.6B | ||
| Q1 25 | $14.9B | $10.7B | ||
| Q4 24 | $14.3B | $10.9B | ||
| Q3 24 | $15.2B | $11.1B | ||
| Q2 24 | $16.2B | $11.1B |
| Q1 26 | — | — | ||
| Q4 25 | 2.11× | 1.77× | ||
| Q3 25 | 2.06× | 1.78× | ||
| Q2 25 | 2.00× | 1.74× | ||
| Q1 25 | 1.99× | 1.74× | ||
| Q4 24 | 1.83× | 1.69× | ||
| Q3 24 | 1.69× | 1.67× | ||
| Q2 24 | 1.51× | 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 | $230.8M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | 4.9% |
| Cash ConversionOCF / Net Profit | 13.11× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $230.8M | $902.9M | ||
| Q3 25 | $18.6M | $234.9M | ||
| Q2 25 | $51.7M | $250.3M | ||
| Q1 25 | $384.0K | $156.2M | ||
| Q4 24 | $245.5M | $876.8M | ||
| Q3 24 | $59.2M | $230.3M | ||
| Q2 24 | $35.3M | $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 | — | 4.9% | ||
| 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 | 13.11× | 4.05× | ||
| Q3 25 | — | 5.81× | ||
| Q2 25 | — | 6.64× | ||
| Q1 25 | — | 2.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 10.19× | ||
| Q2 24 | — | 8.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MPW
Segment breakdown not available.
UDR
| Rental income | $423.3M | 99% |
| Joint venture management and other fees | $2.5M | 1% |
