UDR (UDR) Revenue — Quarter Ended Jun 30, 2024
Revenue for the quarter rose slightly from the preceding quarter and climbed significantly compared with the same quarter one year earlier.
Key takeaway
Quarter ended Jun 30, 2024 · FY2024 Q2
Revenue for the quarter rose slightly from the preceding quarter and climbed significantly compared with the same quarter one year earlier.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2M
Revenue reported for this quarter.
Quarter-over-quarter
+1.4%
Change from the immediately preceding quarter.
Year-over-year
+37.4%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.1M
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 |
|---|---|---|
| Sep 30, 2023 | $1.8M | +39.1% |
| Dec 31, 2023 | $2.4M | +91.2% |
| Mar 31, 2024 | $2M | +58.2% |
| Jun 30, 2024 | $2M | +37.4% |
Revenue performance
The reported revenue reflects a modest sequential increase and a substantial year-over-year gain.
Quarterly comparison
The quarter-over-quarter change was marginal, while the year-over-year increase was robust. However, the year-over-year growth rate moderated compared with the prior quarter's rate.
What to watch
The deceleration in year-over-year revenue growth may be a point to monitor in upcoming periods.