UDR (UDR) Revenue — Quarter Ended Mar 31, 2023
Revenue for the quarter declined compared to the immediately preceding quarter. However, when measured against the same quarter one year earlier, revenue increased.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q1
Revenue for the quarter declined compared to the immediately preceding quarter. However, when measured against the same quarter one year earlier, revenue increased.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.2M
Revenue reported for this quarter.
Quarter-over-quarter
-0.2%
Change from the immediately preceding quarter.
Year-over-year
+14.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.2M
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $1.4M | -36.4% |
| Sep 30, 2022 | $1.3M | +19.0% |
| Dec 31, 2022 | $1.2M | +5.1% |
| Mar 31, 2023 | $1.2M | +14.5% |
Revenue performance
The reported revenue moved downward from the prior quarter. The trend data indicates a sequential decrease.
Quarterly comparison
Compared to the previous quarter, revenue was lower. Relative to the same quarter last year, revenue was higher.
What to watch
No specific risk or context was provided in the filing to explain the revenue decline.