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Side-by-side financial comparison of UDR, Inc. (UDR) and VORNADO REALTY TRUST (VNO). Click either name above to swap in a different company.
VORNADO REALTY TRUST is the larger business by last-quarter revenue ($459.1M vs $425.8M, roughly 1.1× UDR, Inc.). UDR, Inc. runs the higher net margin — 44.6% vs -5.0%, a 49.6% gap on every dollar of revenue. On growth, UDR, Inc. posted the faster year-over-year revenue change (0.9% vs -0.5%). Over the past eight quarters, UDR, Inc.'s revenue compounded faster (1.3% CAGR vs 1.0%).
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.
Vornado Realty Trust is a real estate investment trust formed in Maryland in 1982, with its primary office in New York City. The company invests in office buildings and street retail in Manhattan.
UDR vs VNO — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $425.8M | $459.1M |
| Net Profit | $189.8M | $-22.8M |
| Gross Margin | — | — |
| Operating Margin | 54.0% | — |
| Net Margin | 44.6% | -5.0% |
| Revenue YoY | 0.9% | -0.5% |
| Net Profit YoY | 147.2% | 689.3% |
| EPS (diluted) | $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 | $459.1M | ||
| Q4 25 | $433.1M | $453.7M | ||
| Q3 25 | $431.9M | $453.7M | ||
| Q2 25 | $425.4M | $441.4M | ||
| Q1 25 | $421.9M | $461.6M | ||
| Q4 24 | $422.7M | $457.8M | ||
| Q3 24 | $420.2M | $443.3M | ||
| Q2 24 | $415.3M | $450.3M |
| Q1 26 | $189.8M | $-22.8M | ||
| Q4 25 | $222.9M | $4.9M | ||
| Q3 25 | $40.4M | $27.1M | ||
| Q2 25 | $37.7M | $759.3M | ||
| Q1 25 | $76.7M | $102.4M | ||
| Q4 24 | $-5.0M | $5.8M | ||
| Q3 24 | $22.6M | $-3.6M | ||
| Q2 24 | $28.9M | $50.8M |
| Q1 26 | 54.0% | — | ||
| Q4 25 | 64.1% | 2.8% | ||
| Q3 25 | 17.7% | 3.0% | ||
| Q2 25 | 18.2% | — | ||
| Q1 25 | 29.0% | 23.2% | ||
| Q4 24 | 15.7% | 2.5% | ||
| Q3 24 | 16.6% | -3.3% | ||
| Q2 24 | 16.5% | 10.1% |
| Q1 26 | 44.6% | -5.0% | ||
| Q4 25 | 51.5% | 1.1% | ||
| Q3 25 | 9.4% | 6.0% | ||
| Q2 25 | 8.9% | 172.0% | ||
| Q1 25 | 18.2% | 22.2% | ||
| Q4 24 | -220.5% | 1.3% | ||
| Q3 24 | 5.4% | -0.8% | ||
| Q2 24 | 7.0% | 11.3% |
| Q1 26 | $0.63 | — | ||
| Q4 25 | $0.67 | $0.01 | ||
| Q3 25 | $0.12 | $0.06 | ||
| Q2 25 | $0.11 | $3.70 | ||
| Q1 25 | $0.23 | $0.43 | ||
| Q4 24 | $-0.01 | $0.01 | ||
| Q3 24 | $0.06 | $-0.10 | ||
| Q2 24 | $0.08 | $0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.3M | $1.1B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $3.3B | $6.0B |
| Total Assets | $10.3B | $15.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $1.3M | $1.1B | ||
| Q4 25 | $1.2M | $840.9M | ||
| Q3 25 | $1.2M | $1.0B | ||
| Q2 25 | $1.5M | $1.2B | ||
| Q1 25 | $1.3M | $568.9M | ||
| Q4 24 | $1.3M | $733.9M | ||
| Q3 24 | $2.3M | $783.6M | ||
| Q2 24 | $2.8M | $872.6M |
| Q1 26 | — | — | ||
| Q4 25 | $5.8B | $2.3B | ||
| Q3 25 | $5.8B | $2.3B | ||
| Q2 25 | $5.8B | $2.1B | ||
| Q1 25 | $5.8B | $2.1B | ||
| Q4 24 | $5.8B | $2.6B | ||
| Q3 24 | $5.9B | $2.6B | ||
| Q2 24 | $5.8B | $2.6B |
| Q1 26 | $3.3B | $6.0B | ||
| Q4 25 | $3.3B | $6.0B | ||
| Q3 25 | $3.3B | $6.1B | ||
| Q2 25 | $3.3B | $6.1B | ||
| Q1 25 | $3.3B | $5.3B | ||
| Q4 24 | $3.4B | $5.2B | ||
| Q3 24 | $3.5B | $5.3B | ||
| Q2 24 | $3.7B | $5.6B |
| Q1 26 | $10.3B | $15.9B | ||
| Q4 25 | $10.6B | $15.5B | ||
| Q3 25 | $10.6B | $15.7B | ||
| Q2 25 | $10.6B | $15.6B | ||
| Q1 25 | $10.7B | $15.6B | ||
| Q4 24 | $10.9B | $16.0B | ||
| Q3 24 | $11.1B | $16.1B | ||
| Q2 24 | $11.1B | $16.2B |
| Q1 26 | — | — | ||
| Q4 25 | 1.77× | 0.38× | ||
| Q3 25 | 1.78× | 0.37× | ||
| Q2 25 | 1.74× | 0.35× | ||
| Q1 25 | 1.74× | 0.40× | ||
| Q4 24 | 1.69× | 0.50× | ||
| Q3 24 | 1.67× | 0.49× | ||
| Q2 24 | 1.55× | 0.46× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
UDR
| Rental income | $423.3M | 99% |
| Joint venture management and other fees | $2.5M | 1% |
VNO
Segment breakdown not available.
