UDR (UDR) Revenue — Quarter Ended Sep 30, 2024
Revenue for the quarter increased compared to the immediately preceding quarter and also increased compared to the same quarter one year earlier. The sequential growth was smaller than the year-over-year growth.
Key takeaway
Quarter ended Sep 30, 2024 · FY2024 Q3
Revenue for the quarter increased compared to the immediately preceding quarter and also increased compared to the same quarter one year earlier. The sequential growth was smaller than the year-over-year growth.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$2.1M
Revenue reported for this quarter.
Quarter-over-quarter
+4.0%
Change from the immediately preceding quarter.
Year-over-year
+16.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$8.4M
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, 2023 | $2.4M | +91.2% |
| Mar 31, 2024 | $2M | +58.2% |
| Jun 30, 2024 | $2M | +37.4% |
| Sep 30, 2024 | $2.1M | +16.9% |
Revenue performance
Revenue rose from the prior quarter, driven by a positive quarter-over-quarter change, and also showed a larger increase relative to the same period last year.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased at a lower rate than the increase from the same quarter one year ago. The trailing twelve-month revenue sum reflects the aggregate of recent quarterly results.
What to watch
Revenue declined from the end of the prior fiscal year to the first quarter of the current fiscal year, then stabilized before increasing in the current quarter.