UDR (UDR) Revenue — Quarter Ended Sep 30, 2023
Revenue for the quarter increased compared to the prior quarter and was also higher than the same period last year. The growth reflects a continued upward trend in the company's top-line performance.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue for the quarter increased compared to the prior quarter and was also higher than the same period last year. The growth reflects a continued upward trend in the company's top-line performance.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$1.8M
Revenue reported for this quarter.
Quarter-over-quarter
+22.2%
Change from the immediately preceding quarter.
Year-over-year
+39.1%
Change from the comparable year-ago quarter.
Trailing four quarters
$5.7M
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 |
|---|---|---|
| Dec 31, 2022 | $1.2M | +5.1% |
| Mar 31, 2023 | $1.2M | +14.5% |
| Jun 30, 2023 | $1.5M | +2.2% |
| Sep 30, 2023 | $1.8M | +39.1% |
Revenue performance
Reported revenue moved higher, extending the positive trajectory seen in recent periods. The increase was supported by ongoing operational activity, though no specific drivers were cited in the filing.
Quarterly comparison
Revenue outperformed both the immediately preceding quarter and the same quarter one year earlier, with the year-over-year comparison showing a notably larger gain. The sequential improvement was also solid, indicating accelerating momentum.
What to watch
Monitor whether the company can sustain this revenue growth rate given the absence of explicit operational or market factors in the filing.