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Side-by-side financial comparison of Regency Centers (REG) 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 $404.2M, roughly 1.1× Regency Centers). UDR, Inc. runs the higher net margin — 51.5% vs 50.1%, a 1.4% gap on every dollar of revenue. On growth, Regency Centers posted the faster year-over-year revenue change (8.5% vs 2.5%). Over the past eight quarters, Regency Centers's revenue compounded faster (5.4% CAGR vs 2.3%).

Regency Centers Corporation is a real estate investment trust based in Jacksonville, Florida, and is one of the largest operators of shopping centers with grocery stores as anchor tenants. As of October 21, 2020, the company owned 415 properties comprising 56-million-square feet of space. Notable properties owned by the company include Serramonte Center and a 30% interest in Village District.

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.

REG vs UDR — Head-to-Head

Bigger by revenue
UDR
UDR
1.1× larger
UDR
$433.1M
$404.2M
REG
Growing faster (revenue YoY)
REG
REG
+6.0% gap
REG
8.5%
2.5%
UDR
Higher net margin
UDR
UDR
1.4% more per $
UDR
51.5%
50.1%
REG
Faster 2-yr revenue CAGR
REG
REG
Annualised
REG
5.4%
2.3%
UDR

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
REG
REG
UDR
UDR
Revenue
$404.2M
$433.1M
Net Profit
$202.5M
$222.9M
Gross Margin
Operating Margin
71.0%
64.1%
Net Margin
50.1%
51.5%
Revenue YoY
8.5%
2.5%
Net Profit YoY
134.1%
4519.2%
EPS (diluted)
$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.

Revenue
REG
REG
UDR
UDR
Q4 25
$404.2M
$433.1M
Q3 25
$387.6M
$431.9M
Q2 25
$380.8M
$425.4M
Q1 25
$380.9M
$421.9M
Q4 24
$372.5M
$422.7M
Q3 24
$360.3M
$420.2M
Q2 24
$357.3M
$415.3M
Q1 24
$363.9M
$413.6M
Net Profit
REG
REG
UDR
UDR
Q4 25
$202.5M
$222.9M
Q3 25
$109.4M
$40.4M
Q2 25
$106.0M
$37.7M
Q1 25
$109.6M
$76.7M
Q4 24
$86.5M
$-5.0M
Q3 24
$101.5M
$22.6M
Q2 24
$102.7M
$28.9M
Q1 24
$109.8M
$43.1M
Operating Margin
REG
REG
UDR
UDR
Q4 25
71.0%
64.1%
Q3 25
72.7%
17.7%
Q2 25
73.8%
18.2%
Q1 25
71.8%
29.0%
Q4 24
71.1%
15.7%
Q3 24
72.5%
16.6%
Q2 24
72.3%
16.5%
Q1 24
72.3%
19.3%
Net Margin
REG
REG
UDR
UDR
Q4 25
50.1%
51.5%
Q3 25
28.2%
9.4%
Q2 25
27.8%
8.9%
Q1 25
28.8%
18.2%
Q4 24
23.2%
-220.5%
Q3 24
28.2%
5.4%
Q2 24
28.7%
7.0%
Q1 24
30.2%
10.4%
EPS (diluted)
REG
REG
UDR
UDR
Q4 25
$0.67
Q3 25
$0.12
Q2 25
$0.11
Q1 25
$0.23
Q4 24
$-0.01
Q3 24
$0.06
Q2 24
$0.08
Q1 24
$0.13

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
REG
REG
UDR
UDR
Cash + ST InvestmentsLiquidity on hand
$1.2M
Total DebtLower is stronger
$4.7B
$5.8B
Stockholders' EquityBook value
$6.9B
$3.3B
Total Assets
$13.0B
$10.6B
Debt / EquityLower = less leverage
0.69×
1.77×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
REG
REG
UDR
UDR
Q4 25
$1.2M
Q3 25
$1.2M
Q2 25
$1.5M
Q1 25
$1.3M
Q4 24
$1.3M
Q3 24
$2.3M
Q2 24
$2.8M
Q1 24
$2.1M
Total Debt
REG
REG
UDR
UDR
Q4 25
$4.7B
$5.8B
Q3 25
$4.9B
$5.8B
Q2 25
$4.8B
$5.8B
Q1 25
$4.6B
$5.8B
Q4 24
$4.4B
$5.8B
Q3 24
$4.4B
$5.9B
Q2 24
$4.4B
$5.8B
Q1 24
$4.4B
$5.8B
Stockholders' Equity
REG
REG
UDR
UDR
Q4 25
$6.9B
$3.3B
Q3 25
$6.8B
$3.3B
Q2 25
$6.7B
$3.3B
Q1 25
$6.7B
$3.3B
Q4 24
$6.7B
$3.4B
Q3 24
$6.8B
$3.5B
Q2 24
$6.8B
$3.7B
Q1 24
$7.0B
$3.9B
Total Assets
REG
REG
UDR
UDR
Q4 25
$13.0B
$10.6B
Q3 25
$13.1B
$10.6B
Q2 25
$12.7B
$10.6B
Q1 25
$12.6B
$10.7B
Q4 24
$12.4B
$10.9B
Q3 24
$12.4B
$11.1B
Q2 24
$12.4B
$11.1B
Q1 24
$12.7B
$11.2B
Debt / Equity
REG
REG
UDR
UDR
Q4 25
0.69×
1.77×
Q3 25
0.72×
1.78×
Q2 25
0.72×
1.74×
Q1 25
0.69×
1.74×
Q4 24
0.66×
1.69×
Q3 24
0.65×
1.67×
Q2 24
0.64×
1.55×
Q1 24
0.63×
1.47×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
REG
REG
UDR
UDR
Operating Cash FlowLast quarter
$203.9M
$902.9M
Free Cash FlowOCF − Capex
$650.0M
FCF MarginFCF / Revenue
150.1%
Capex IntensityCapex / Revenue
58.4%
Cash ConversionOCF / Net Profit
1.01×
4.05×
TTM Free Cash FlowTrailing 4 quarters
$1.1B

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
REG
REG
UDR
UDR
Q4 25
$203.9M
$902.9M
Q3 25
$218.7M
$234.9M
Q2 25
$244.0M
$250.3M
Q1 25
$161.0M
$156.2M
Q4 24
$191.4M
$876.8M
Q3 24
$227.6M
$230.3M
Q2 24
$203.5M
$238.5M
Q1 24
$167.8M
$167.6M
Free Cash Flow
REG
REG
UDR
UDR
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 24
$115.0M
FCF Margin
REG
REG
UDR
UDR
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 24
27.8%
Capex Intensity
REG
REG
UDR
UDR
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 24
12.7%
Cash Conversion
REG
REG
UDR
UDR
Q4 25
1.01×
4.05×
Q3 25
2.00×
5.81×
Q2 25
2.30×
6.64×
Q1 25
1.47×
2.04×
Q4 24
2.21×
Q3 24
2.24×
10.19×
Q2 24
1.98×
8.26×
Q1 24
1.53×
3.88×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

REG
REG

Shopping Centers$418.0M103%
Propertymanagementservices$4.1M1%
Assetmanagementservices$1.7M0%

UDR
UDR

Segment breakdown not available.

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