diff --git a/pom.xml b/pom.xml
index 4fc1fcde21..e0582e6b44 100644
--- a/pom.xml
+++ b/pom.xml
@@ -349,6 +349,7 @@
             <model>src/main/mdo/rule.mdo</model>
             <model>src/main/mdo/dependency-updates-report.mdo</model>
             <model>src/main/mdo/plugin-updates-report.mdo</model>
+            <model>src/main/mdo/property-updates-report.mdo</model>
           </models>
           <version>2.1.0</version>
         </configuration>
diff --git a/src/it/it-xml-property-updates-report-001/invoker.properties b/src/it/it-xml-property-updates-report-001/invoker.properties
new file mode 100644
index 0000000000..20deacedb7
--- /dev/null
+++ b/src/it/it-xml-property-updates-report-001/invoker.properties
@@ -0,0 +1,2 @@
+invoker.goals = ${project.groupId}:${project.artifactId}:${project.version}:property-updates-report
+invoker.mavenOpts = -DpropertyUpdatesReportFormats=xml
\ No newline at end of file
diff --git a/src/it/it-xml-property-updates-report-001/pom.xml b/src/it/it-xml-property-updates-report-001/pom.xml
new file mode 100644
index 0000000000..b5028b0422
--- /dev/null
+++ b/src/it/it-xml-property-updates-report-001/pom.xml
@@ -0,0 +1,63 @@
+<!--
+  ~ Licensed to the Apache Software Foundation (ASF) under one
+  ~ or more contributor license agreements.  See the NOTICE file
+  ~ distributed with this work for additional information
+  ~ regarding copyright ownership.  The ASF licenses this file
+  ~ to you under the Apache License, Version 2.0 (the
+  ~ "License"); you may not use this file except in compliance
+  ~ with the License.  You may obtain a copy of the License at
+  ~
+  ~     http://www.apache.org/licenses/LICENSE-2.0
+  ~
+  ~ Unless required by applicable law or agreed to in writing,
+  ~ software distributed under the License is distributed on an
+  ~ "AS IS" BASIS, WITHOUT WARRANTIES OR CONDITIONS OF ANY
+  ~ KIND, either express or implied.  See the License for the
+  ~ specific language governing permissions and limitations
+  ~ under the License.
+  -->
+<project xmlns="http://maven.apache.org/POM/4.0.0"
+         xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
+         xsi:schemaLocation="http://maven.apache.org/POM/4.0.0 http://maven.apache.org/xsd/maven-4.0.0.xsd">
+  <modelVersion>4.0.0</modelVersion>
+  <groupId>localhost</groupId>
+  <artifactId>it-xml-property-updates-report-001</artifactId>
+  <version>1.0</version>
+
+  <properties>
+    <api-version>1.0</api-version>
+    <impl-version>2.0</impl-version>
+    <plugin-version>3.0</plugin-version>
+  </properties>
+
+  <dependencies>
+    <dependency>
+      <groupId>localhost</groupId>
+      <artifactId>dummy-api</artifactId>
+      <version>[${api-version},2.1-!)</version>
+    </dependency>
+    <dependency>
+      <groupId>localhost</groupId>
+      <artifactId>dummy-impl</artifactId>
+      <version>${impl-version}</version>
+    </dependency>
+  </dependencies>
+  <build>
+    <pluginManagement>
+      <plugins>
+        <plugin>
+          <groupId>localhost</groupId>
+          <artifactId>dummy-maven-plugin</artifactId>
+          <version>${plugin-version}</version>
+          <dependencies>
+            <dependency>
+              <groupId>localhost</groupId>
+              <artifactId>dummy-api</artifactId>
+              <version>${plugin-version}</version>
+            </dependency>
+          </dependencies>
+        </plugin>
+      </plugins>
+    </pluginManagement>
+  </build>
+</project>
diff --git a/src/it/it-xml-property-updates-report-001/verify.groovy b/src/it/it-xml-property-updates-report-001/verify.groovy
new file mode 100644
index 0000000000..be2ccf00aa
--- /dev/null
+++ b/src/it/it-xml-property-updates-report-001/verify.groovy
@@ -0,0 +1,42 @@
+class Fragment
+{
+    private fragment
+
+    Fragment( output, beginString, endString )
+    {
+        def startIndex = output.indexOf( beginString )
+        def endIndex = output.indexOf( endString, startIndex )
+        assert startIndex != -1
+        assert endIndex != -1
+        fragment = output.substring( startIndex, endIndex + endString.length() )
+    }
+
+    def contains( String searchString )
+    {
+        return fragment.contains( searchString )
+    }
+
+    String toString()
+    {
+        return fragment
+    }
+}
+
+def output = new File( basedir, 'target/property-updates-report.xml' ).text
+        .replaceAll( '\\n', '' )
+        .replaceAll( '\\r', '' )
+
+summary = new Fragment( output, '<summary>', '</summary>' )
+
+assert summary.contains( '<usingLastVersion>1</usingLastVersion>' )
+assert summary.contains( '<nextIncrementalAvailable>1</nextIncrementalAvailable>' )
+assert summary.contains( '<nextMinorAvailable>1</nextMinorAvailable>' )
+
+assert new Fragment( output, '<propertyName>api-version</propertyName>',
+        '</property>' ).contains( '<status>incremental available</status>' )
+
+assert new Fragment( output, '<propertyName>impl-version</propertyName>',
+        '</property>' ).contains( '<status>minor available</status>' )
+
+assert new Fragment( output, '<propertyName>plugin-version</propertyName>',
+        '</property>' ).contains( '<status>no new available</status>' )
diff --git a/src/main/java/org/codehaus/mojo/versions/DependencyUpdatesReportMojo.java b/src/main/java/org/codehaus/mojo/versions/DependencyUpdatesReportMojo.java
index f7c1a30c99..69c5a66e67 100644
--- a/src/main/java/org/codehaus/mojo/versions/DependencyUpdatesReportMojo.java
+++ b/src/main/java/org/codehaus/mojo/versions/DependencyUpdatesReportMojo.java
@@ -224,10 +224,9 @@ && getProject().getOriginalModel().getDependencyManagement().getDependencies() !
                         .collect( Collectors.joining( ", " ) ) ) );
             }
 
+            DependencyUpdatesModel model = new DependencyUpdatesModel( dependencyUpdates, dependencyManagementUpdates );
             for ( String format : formats )
             {
-                DependencyUpdatesModel model =
-                        new DependencyUpdatesModel( dependencyUpdates, dependencyManagementUpdates );
                 if ( "html".equals( format ) )
                 {
                     rendererFactory.createReportRenderer( getOutputName(), sink, locale, model ).render();
diff --git a/src/main/java/org/codehaus/mojo/versions/PropertyUpdatesReportMojo.java b/src/main/java/org/codehaus/mojo/versions/PropertyUpdatesReportMojo.java
index 60f758678c..480949fefd 100644
--- a/src/main/java/org/codehaus/mojo/versions/PropertyUpdatesReportMojo.java
+++ b/src/main/java/org/codehaus/mojo/versions/PropertyUpdatesReportMojo.java
@@ -21,6 +21,10 @@
 
 import javax.inject.Inject;
 
+import java.io.IOException;
+import java.nio.file.Files;
+import java.nio.file.Path;
+import java.nio.file.Paths;
 import java.util.Locale;
 import java.util.Map;
 import java.util.TreeMap;
@@ -40,6 +44,7 @@
 import org.codehaus.mojo.versions.reporting.ReportRendererFactory;
 import org.codehaus.mojo.versions.reporting.model.PropertyUpdatesModel;
 import org.codehaus.mojo.versions.utils.PropertyComparator;
+import org.codehaus.mojo.versions.xml.PropertyUpdatesXmlReportRenderer;
 import org.codehaus.plexus.i18n.I18N;
 
 /**
@@ -93,6 +98,14 @@ public class PropertyUpdatesReportMojo extends AbstractVersionsReport<PropertyUp
     @Parameter( property = "includeParent", defaultValue = "true" )
     private boolean includeParent = true;
 
+    /**
+     * Report formats (html and/or xml). HTML by default.
+     *
+     * @since 2.14.0
+     */
+    @Parameter( property = "propertyUpdatesReportFormats", defaultValue = "html" )
+    protected String[] formats = new String[] {"html"};
+
     @Inject
     protected PropertyUpdatesReportMojo( I18N i18n, RepositorySystem repositorySystem,
                                          ArtifactResolver artifactResolver,
@@ -142,8 +155,31 @@ protected void doGenerateReport( Locale locale, Sink sink )
         {
             throw new MavenReportException( e.getMessage(), e );
         }
-        rendererFactory.createReportRenderer( getOutputName(), getSink(), locale,
-                new PropertyUpdatesModel( updateSet ) ).render();
+        PropertyUpdatesModel model = new PropertyUpdatesModel( updateSet );
+        for ( String format : formats )
+        {
+            if ( "html".equals( format ) )
+            {
+                rendererFactory.createReportRenderer( getOutputName(), getSink(), locale, model ).render();
+            }
+            else if ( "xml".equals( format ) )
+            {
+                Path outputDir = Paths.get( getProject().getBuild().getDirectory() );
+                if ( !Files.exists( outputDir ) )
+                {
+                    try
+                    {
+                        Files.createDirectories( outputDir );
+                    }
+                    catch ( IOException e )
+                    {
+                        throw new MavenReportException( "Could not create the output directory" );
+                    }
+                }
+                Path outputFile = outputDir.resolve( getOutputName() + ".xml" );
+                new PropertyUpdatesXmlReportRenderer( model, outputFile ).render();
+            }
+        }
     }
 
     /**
diff --git a/src/main/java/org/codehaus/mojo/versions/reporting/OverviewStats.java b/src/main/java/org/codehaus/mojo/versions/reporting/OverviewStats.java
index 998a2b0f52..d822d67b3b 100644
--- a/src/main/java/org/codehaus/mojo/versions/reporting/OverviewStats.java
+++ b/src/main/java/org/codehaus/mojo/versions/reporting/OverviewStats.java
@@ -24,6 +24,7 @@
 import java.util.Optional;
 
 import org.apache.maven.artifact.versioning.ArtifactVersion;
+import org.codehaus.mojo.versions.api.AbstractVersionDetails;
 import org.codehaus.mojo.versions.api.ArtifactVersions;
 import org.codehaus.mojo.versions.api.ArtifactVersionsCache;
 import org.codehaus.mojo.versions.api.Segment;
@@ -63,8 +64,8 @@ public class OverviewStats
      * @param <V> subclass of {@linkplain ArtifactVersions}
      * @return instance of the {@linkplain OverviewStats}
      */
-    public static <T extends OverviewStats, V extends ArtifactVersions> T fromUpdates( Collection<V> updates,
-                                                                                       ArtifactVersionsCache cache )
+    public static <T extends OverviewStats, V extends AbstractVersionDetails>
+    T fromUpdates( Collection<V> updates, ArtifactVersionsCache cache )
     {
         OverviewStats stats = new OverviewStats();
         updates.forEach( details ->
@@ -93,7 +94,7 @@ else if ( getNewestUpdate( cache, details, of( MAJOR ) ) != null )
         return (T) stats;
     }
 
-    protected static <V extends ArtifactVersions> ArtifactVersion getNewestUpdate( ArtifactVersionsCache cache,
+    protected static <V extends AbstractVersionDetails> ArtifactVersion getNewestUpdate( ArtifactVersionsCache cache,
                                                                                    V details,
                                                                                    Optional<Segment> segment )
     {
diff --git a/src/main/java/org/codehaus/mojo/versions/reporting/PluginOverviewStats.java b/src/main/java/org/codehaus/mojo/versions/reporting/PluginOverviewStats.java
index 2d215b75cf..81dea82dd6 100644
--- a/src/main/java/org/codehaus/mojo/versions/reporting/PluginOverviewStats.java
+++ b/src/main/java/org/codehaus/mojo/versions/reporting/PluginOverviewStats.java
@@ -22,6 +22,7 @@
 import java.util.Optional;
 
 import org.codehaus.mojo.versions.PluginUpdatesDetails;
+import org.codehaus.mojo.versions.api.AbstractVersionDetails;
 import org.codehaus.mojo.versions.api.ArtifactVersions;
 import org.codehaus.mojo.versions.api.ArtifactVersionsCache;
 import org.codehaus.mojo.versions.reporting.model.PluginUpdatesModel;
@@ -60,8 +61,8 @@ public void incrementDependencies()
      * @param <V> always equal to {@linkplain org.codehaus.mojo.versions.PluginUpdatesDetails}
      * @return instance of the {@linkplain PluginOverviewStats}, initialised with the update information
      */
-    public static <T extends OverviewStats, V extends ArtifactVersions> T fromUpdates( Collection<V> updates,
-                                                                                       ArtifactVersionsCache cache )
+    public static <T extends OverviewStats, V extends AbstractVersionDetails>
+    T fromUpdates( Collection<V> updates, ArtifactVersionsCache cache )
     {
         PluginOverviewStats stats = new PluginOverviewStats();
         updates.forEach( details ->
diff --git a/src/main/java/org/codehaus/mojo/versions/reporting/PropertyUpdatesReportRenderer.java b/src/main/java/org/codehaus/mojo/versions/reporting/PropertyUpdatesReportRenderer.java
index ddb7287e82..1ca1730906 100644
--- a/src/main/java/org/codehaus/mojo/versions/reporting/PropertyUpdatesReportRenderer.java
+++ b/src/main/java/org/codehaus/mojo/versions/reporting/PropertyUpdatesReportRenderer.java
@@ -396,31 +396,7 @@ protected void renderSummaryTableHeader( boolean hasScope, boolean hasType )
     @Override
     protected OverviewStats computeOverviewStats()
     {
-        OverviewStats stats = new OverviewStats();
-        model.getAllUpdates().values().forEach( details ->
-        {
-            if ( newestUpdateCache.get( details, of( SUBINCREMENTAL ) ) != null )
-            {
-                stats.incrementAny();
-            }
-            else if ( newestUpdateCache.get( details, of( INCREMENTAL ) ) != null )
-            {
-                stats.incrementIncremental();
-            }
-            else if ( newestUpdateCache.get( details, of( MINOR ) ) != null )
-            {
-                stats.incrementMinor();
-            }
-            else if ( newestUpdateCache.get( details, of( MAJOR ) ) != null )
-            {
-                stats.incrementMajor();
-            }
-            else
-            {
-                stats.incrementUpToDate();
-            }
-        } );
-        return stats;
+        return OverviewStats.fromUpdates( model.getAllUpdates().values(), newestUpdateCache );
     }
 
     private void renderPropertyDetail( Property property, PropertyVersions details )
diff --git a/src/main/java/org/codehaus/mojo/versions/xml/CommonXmlReportRendererUtils.java b/src/main/java/org/codehaus/mojo/versions/xml/CommonXmlReportRendererUtils.java
new file mode 100644
index 0000000000..f93260dfb1
--- /dev/null
+++ b/src/main/java/org/codehaus/mojo/versions/xml/CommonXmlReportRendererUtils.java
@@ -0,0 +1,47 @@
+package org.codehaus.mojo.versions.xml;
+
+/*
+ * Licensed to the Apache Software Foundation (ASF) under one
+ * or more contributor license agreements.  See the NOTICE file
+ * distributed with this work for additional information
+ * regarding copyright ownership.  The ASF licenses this file
+ * to you under the Apache License, Version 2.0 (the
+ * "License"); you may not use this file except in compliance
+ * with the License.  You may obtain a copy of the License at
+ *
+ *     http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing,
+ * software distributed under the License is distributed on an
+ * "AS IS" BASIS, WITHOUT WARRANTIES OR CONDITIONS OF ANY
+ * KIND, either express or implied.  See the License for the
+ * specific language governing permissions and limitations
+ * under the License.
+ */
+
+import java.util.Arrays;
+import java.util.List;
+import java.util.function.Consumer;
+import java.util.stream.Collectors;
+
+import org.apache.maven.artifact.versioning.ArtifactVersion;
+import org.codehaus.mojo.versions.api.AbstractVersionDetails;
+import org.codehaus.mojo.versions.api.Segment;
+
+import static java.util.Optional.of;
+import static java.util.Optional.ofNullable;
+
+/**
+ * Common utils for Xml report renderers
+ */
+public class CommonXmlReportRendererUtils
+{
+    static void setSection( AbstractVersionDetails versions, Segment segment, Consumer<List<String>> setterFunction )
+    {
+        ofNullable( versions.getAllUpdates( of( segment ) ) )
+                .map( v -> Arrays.stream( v )
+                        .map( ArtifactVersion::toString )
+                        .collect( Collectors.toList() ) )
+                .ifPresent( setterFunction );
+    }
+}
diff --git a/src/main/java/org/codehaus/mojo/versions/xml/DependencyUpdatesXmlReportRenderer.java b/src/main/java/org/codehaus/mojo/versions/xml/DependencyUpdatesXmlReportRenderer.java
index dee099f597..22fd8fd1a1 100644
--- a/src/main/java/org/codehaus/mojo/versions/xml/DependencyUpdatesXmlReportRenderer.java
+++ b/src/main/java/org/codehaus/mojo/versions/xml/DependencyUpdatesXmlReportRenderer.java
@@ -24,10 +24,8 @@
 import java.nio.charset.StandardCharsets;
 import java.nio.file.Files;
 import java.nio.file.Path;
-import java.util.Arrays;
 import java.util.List;
 import java.util.Map;
-import java.util.function.Consumer;
 import java.util.stream.Collectors;
 
 import org.apache.maven.artifact.versioning.ArtifactVersion;
@@ -36,7 +34,6 @@
 import org.codehaus.mojo.versions.api.ArtifactVersions;
 import org.codehaus.mojo.versions.api.ArtifactVersionsCache;
 import org.codehaus.mojo.versions.api.ReportRenderer;
-import org.codehaus.mojo.versions.api.Segment;
 import org.codehaus.mojo.versions.reporting.OverviewStats;
 import org.codehaus.mojo.versions.reporting.model.DependencyInfo;
 import org.codehaus.mojo.versions.reporting.model.DependencyReportSummary;
@@ -45,11 +42,11 @@
 import org.codehaus.mojo.versions.reporting.model.io.xpp3.DependencyUpdatesReportXpp3Writer;
 
 import static java.util.Optional.empty;
-import static java.util.Optional.of;
 import static java.util.Optional.ofNullable;
 import static org.codehaus.mojo.versions.api.Segment.INCREMENTAL;
 import static org.codehaus.mojo.versions.api.Segment.MAJOR;
 import static org.codehaus.mojo.versions.api.Segment.MINOR;
+import static org.codehaus.mojo.versions.xml.CommonXmlReportRendererUtils.setSection;
 
 /**
  * XML renderer for DependencyUpdatesReport creates an xml file in target directory and writes report about available
@@ -106,15 +103,6 @@ public void render()
         }
     }
 
-    private static void setSection( ArtifactVersions versions, Segment segment, Consumer<List<String>> setterFunction )
-    {
-        ofNullable( versions.getAllUpdates( of( segment ) ) )
-                .map( v -> Arrays.stream( v )
-                        .map( ArtifactVersion::toString )
-                        .collect( Collectors.toList() ) )
-                .ifPresent( setterFunction );
-    }
-
     private static List<DependencyInfo> createDependencyInfo( Map<Dependency, ArtifactVersions> versions )
     {
         return versions.entrySet().stream().map( e ->
@@ -136,11 +124,11 @@ private static List<DependencyInfo> createDependencyInfo( Map<Dependency, Artifa
 
             setStatus( getLastVersion() == null
                     ? "no new available"
-                    : getIncrementals() != null
-                    ? "incremental available"
-                    : getMinors() != null
-                    ? "minor available"
-                    : "major available" );
+                    : getIncrementals() != null && !getIncrementals().isEmpty()
+                        ? "incremental available"
+                        : getMinors() != null && !getMinors().isEmpty()
+                            ? "minor available"
+                            : "major available" );
         }} ).collect( Collectors.toList() );
     }
 }
diff --git a/src/main/java/org/codehaus/mojo/versions/xml/PluginUpdatesXmlReportRenderer.java b/src/main/java/org/codehaus/mojo/versions/xml/PluginUpdatesXmlReportRenderer.java
index e26618e36c..a2c8864369 100644
--- a/src/main/java/org/codehaus/mojo/versions/xml/PluginUpdatesXmlReportRenderer.java
+++ b/src/main/java/org/codehaus/mojo/versions/xml/PluginUpdatesXmlReportRenderer.java
@@ -51,6 +51,7 @@
 import static org.codehaus.mojo.versions.api.Segment.INCREMENTAL;
 import static org.codehaus.mojo.versions.api.Segment.MAJOR;
 import static org.codehaus.mojo.versions.api.Segment.MINOR;
+import static org.codehaus.mojo.versions.xml.CommonXmlReportRendererUtils.setSection;
 
 /**
  * XML renderer for DependencyUpdatesReport creates an xml file in target directory and writes report about available
@@ -108,15 +109,6 @@ public void render()
         }
     }
 
-    private static void setSection( ArtifactVersions versions, Segment segment, Consumer<List<String>> setterFunction )
-    {
-        ofNullable( versions.getAllUpdates( of( segment ) ) )
-                .map( v -> Arrays.stream( v )
-                        .map( ArtifactVersion::toString )
-                        .collect( Collectors.toList() ) )
-                .ifPresent( setterFunction );
-    }
-
     private static List<PluginInfo> createPluginInfo( Map<Dependency, PluginUpdatesDetails> versions )
     {
         return versions.entrySet().stream().map( e ->
@@ -138,11 +130,11 @@ private static List<PluginInfo> createPluginInfo( Map<Dependency, PluginUpdatesD
 
             setStatus( getLastVersion() == null
                     ? "no new available"
-                    : getIncrementals() != null
-                    ? "incremental available"
-                    : getMinors() != null
-                    ? "minor available"
-                    : "major available" );
+                    : getIncrementals() != null && !getIncrementals().isEmpty()
+                        ? "incremental available"
+                        : getMinors() != null && !getMinors().isEmpty()
+                            ? "minor available"
+                            : "major available" );
         }} ).collect( Collectors.toList() );
     }
 }
diff --git a/src/main/java/org/codehaus/mojo/versions/xml/PropertyUpdatesXmlReportRenderer.java b/src/main/java/org/codehaus/mojo/versions/xml/PropertyUpdatesXmlReportRenderer.java
new file mode 100644
index 0000000000..7143951001
--- /dev/null
+++ b/src/main/java/org/codehaus/mojo/versions/xml/PropertyUpdatesXmlReportRenderer.java
@@ -0,0 +1,142 @@
+package org.codehaus.mojo.versions.xml;
+
+/*
+ * Licensed to the Apache Software Foundation (ASF) under one
+ * or more contributor license agreements.  See the NOTICE file
+ * distributed with this work for additional information
+ * regarding copyright ownership.  The ASF licenses this file
+ * to you under the Apache License, Version 2.0 (the
+ * "License"); you may not use this file except in compliance
+ * with the License.  You may obtain a copy of the License at
+ *
+ *     http://www.apache.org/licenses/LICENSE-2.0
+ *
+ * Unless required by applicable law or agreed to in writing,
+ * software distributed under the License is distributed on an
+ * "AS IS" BASIS, WITHOUT WARRANTIES OR CONDITIONS OF ANY
+ * KIND, either express or implied.  See the License for the
+ * specific language governing permissions and limitations
+ * under the License.
+ */
+
+import java.io.BufferedWriter;
+import java.io.IOException;
+import java.nio.charset.StandardCharsets;
+import java.nio.file.Files;
+import java.nio.file.Path;
+import java.util.Arrays;
+import java.util.List;
+import java.util.Map;
+import java.util.function.Consumer;
+import java.util.stream.Collectors;
+
+import org.apache.maven.artifact.versioning.ArtifactVersion;
+import org.codehaus.mojo.versions.Property;
+import org.codehaus.mojo.versions.api.AbstractVersionDetails;
+import org.codehaus.mojo.versions.api.ArtifactVersionsCache;
+import org.codehaus.mojo.versions.api.PropertyVersions;
+import org.codehaus.mojo.versions.api.ReportRenderer;
+import org.codehaus.mojo.versions.api.Segment;
+import org.codehaus.mojo.versions.api.VersionDetails;
+import org.codehaus.mojo.versions.reporting.OverviewStats;
+import org.codehaus.mojo.versions.reporting.model.PropertyAssociation;
+import org.codehaus.mojo.versions.reporting.model.PropertyInfo;
+import org.codehaus.mojo.versions.reporting.model.PropertyReportSummary;
+import org.codehaus.mojo.versions.reporting.model.PropertyUpdatesModel;
+import org.codehaus.mojo.versions.reporting.model.PropertyUpdatesReport;
+import org.codehaus.mojo.versions.reporting.model.io.xpp3.PropertyUpdatesReportXpp3Writer;
+
+import static java.util.Optional.empty;
+import static java.util.Optional.of;
+import static java.util.Optional.ofNullable;
+import static org.codehaus.mojo.versions.api.Segment.INCREMENTAL;
+import static org.codehaus.mojo.versions.api.Segment.MAJOR;
+import static org.codehaus.mojo.versions.api.Segment.MINOR;
+import static org.codehaus.mojo.versions.xml.CommonXmlReportRendererUtils.setSection;
+
+/**
+ * XML renderer for PropertyUpdatesReport creates an xml file in target directory and writes report about available
+ * dependency/dependency management updates.
+ */
+public class PropertyUpdatesXmlReportRenderer implements ReportRenderer
+{
+    private final PropertyUpdatesModel model;
+    private final Path outputFile;
+    private final ArtifactVersionsCache newestUpdateCache
+            = new ArtifactVersionsCache( AbstractVersionDetails::getNewestUpdate );
+    /**
+     * Creates a new instance
+     * @param model object containing the updates model
+     * @param outputFile output file for the report
+     */
+    public PropertyUpdatesXmlReportRenderer( PropertyUpdatesModel model, Path outputFile )
+    {
+        this.model = model;
+        this.outputFile = outputFile;
+    }
+
+    /**
+     * Creates an XML report
+     */
+    @Override
+    public void render()
+    {
+        try ( BufferedWriter writer = Files.newBufferedWriter( outputFile,
+                StandardCharsets.UTF_8 ) )
+        {
+            new PropertyUpdatesReportXpp3Writer().write( writer, new PropertyUpdatesReport()
+            {{
+                setSummary( new PropertyReportSummary()
+                {{
+                    OverviewStats overviewStats = OverviewStats.fromUpdates( model.getAllUpdates().values(),
+                            newestUpdateCache );
+                    setUsingLastVersion( String.valueOf( overviewStats.getUpToDate() ) );
+                    setNextVersionAvailable( String.valueOf( overviewStats.getAny() ) );
+                    setNextIncrementalAvailable( String.valueOf( overviewStats.getIncremental() ) );
+                    setNextMinorAvailable( String.valueOf( overviewStats.getMinor() ) );
+                    setNextMajorAvailable( String.valueOf( overviewStats.getMajor() ) );
+                }} );
+                setProperties( createPropertyInfo( model.getAllUpdates() ) );
+            }} );
+        }
+        catch ( IOException e )
+        {
+            throw new RuntimeException( e );
+        }
+    }
+
+    private static List<PropertyInfo> createPropertyInfo( Map<Property, PropertyVersions> versions )
+    {
+        return versions.entrySet().stream().map( e ->
+                new PropertyInfo()
+                {{
+                    setPropertyName( e.getKey().getName() );
+                    if ( e.getValue().getAssociations() != null
+                            && e.getValue().getAssociations().length != 0 )
+                    {
+                        setPropertyAssociations( Arrays.stream( e.getValue().getAssociations() )
+                                .map( a -> new PropertyAssociation()
+                                {{
+                                    setGroupId( a.getGroupId() );
+                                    setArtifactId( a.getArtifactId() );
+                                }} )
+                                .collect( Collectors.toList() ) );
+                    }
+                    setCurrentVersion( e.getKey().getVersion() );
+                    ofNullable( e.getValue().getNewestUpdate( empty() ) )
+                            .map( ArtifactVersion::toString ).ifPresent( this::setLastVersion );
+
+                    setSection( e.getValue(), INCREMENTAL, this::setIncrementals );
+                    setSection( e.getValue(), MINOR, this::setMinors );
+                    setSection( e.getValue(), MAJOR, this::setMajors );
+
+                    setStatus( getLastVersion() == null
+                            ? "no new available"
+                            : getIncrementals() != null && !getIncrementals().isEmpty()
+                                ? "incremental available"
+                                : getMinors() != null && !getMinors().isEmpty()
+                                    ? "minor available"
+                                    : "major available" );
+                }} ).collect( Collectors.toList() );
+    }
+}
diff --git a/src/main/mdo/dependency-updates-report.mdo b/src/main/mdo/dependency-updates-report.mdo
index c8f41b2d8d..ea30dcaceb 100644
--- a/src/main/mdo/dependency-updates-report.mdo
+++ b/src/main/mdo/dependency-updates-report.mdo
@@ -85,7 +85,6 @@ under the License.
                 </field>
                 <field>
                     <name>nextIncrementalAvailable</name>
-                    <version>1.0.0+</version>
                     <required>true</required>
                     <type>String</type>
                 </field>
diff --git a/src/main/mdo/plugin-updates-report.mdo b/src/main/mdo/plugin-updates-report.mdo
index 685d75e3d0..f311d2edcf 100644
--- a/src/main/mdo/plugin-updates-report.mdo
+++ b/src/main/mdo/plugin-updates-report.mdo
@@ -85,7 +85,6 @@ under the License.
                 </field>
                 <field>
                     <name>nextIncrementalAvailable</name>
-                    <version>1.0.0+</version>
                     <required>true</required>
                     <type>String</type>
                 </field>
diff --git a/src/main/mdo/property-updates-report.mdo b/src/main/mdo/property-updates-report.mdo
new file mode 100644
index 0000000000..9456e60280
--- /dev/null
+++ b/src/main/mdo/property-updates-report.mdo
@@ -0,0 +1,171 @@
+<?xml version="1.0" encoding="UTF-8"?>
+
+<!--
+Licensed to the Apache Software Foundation (ASF) under one
+or more contributor license agreements.  See the NOTICE file
+distributed with this work for additional information
+regarding copyright ownership.  The ASF licenses this file
+to you under the Apache License, Version 2.0 (the
+"License"); you may not use this file except in compliance
+with the License.  You may obtain a copy of the License at
+
+  http://www.apache.org/licenses/LICENSE-2.0
+
+Unless required by applicable law or agreed to in writing,
+software distributed under the License is distributed on an
+"AS IS" BASIS, WITHOUT WARRANTIES OR CONDITIONS OF ANY
+KIND, either express or implied.  See the License for the
+specific language governing permissions and limitations
+under the License.
+-->
+
+<model xmlns="http://codehaus-plexus.github.io/MODELLO/2.0.0" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance"
+       xsi:schemaLocation="http://codehaus-plexus.github.io/MODELLO/2.0.0 https://codehaus-plexus.github.io/modello/xsd/modello-2.0.0.xsd"
+       xml.namespace="https://www.mojohaus.org/VERSIONS/PROPERTY-UPDATES-REPORT/${version}"
+       xml.schemaLocation="https://www.mojohaus.org/versions-maven-plugin/xsd/property-updates-report-${version}.xsd">
+    <id>property-updates-report</id>
+    <name>PropertyUpdatesReport</name>
+    <description>
+        XML version of the Property Updates Report
+    </description>
+
+    <defaults>
+        <default>
+            <key>package</key>
+            <value>org.codehaus.mojo.versions.reporting.model</value>
+        </default>
+    </defaults>
+
+    <versionDefinition>
+        <type>namespace</type>
+    </versionDefinition>
+
+    <classes>
+
+        <class rootElement="true" xml.tagName="PropertyUpdatesReport">
+            <name>PropertyUpdatesReport</name>
+            <fields>
+                <field>
+                    <name>summary</name>
+                    <required>true</required>
+                    <association>
+                        <type>PropertyReportSummary</type>
+                        <multiplicity>1</multiplicity>
+                    </association>
+                </field>
+                <field>
+                    <name>properties</name>
+                    <association xml.itemsStyle="wrapped" xml.tagName="property">
+                        <type>PropertyInfo</type>
+                        <multiplicity>*</multiplicity>
+                    </association>
+                </field>
+            </fields>
+        </class>
+
+        <class>
+            <name>PropertyReportSummary</name>
+            <fields>
+                <field>
+                    <name>usingLastVersion</name>
+                    <required>true</required>
+                    <type>String</type>
+                </field>
+                <field>
+                    <name>nextVersionAvailable</name>
+                    <required>true</required>
+                    <type>String</type>
+                </field>
+                <field>
+                    <name>nextIncrementalAvailable</name>
+                    <required>true</required>
+                    <type>String</type>
+                </field>
+                <field>
+                    <name>nextMinorAvailable</name>
+                    <required>true</required>
+                    <type>String</type>
+                </field>
+                <field>
+                    <name>nextMajorAvailable</name>
+                    <required>true</required>
+                    <type>String</type>
+                </field>
+            </fields>
+        </class>
+
+        <class>
+            <name>PropertyInfo</name>
+            <fields>
+                <field>
+                    <name>propertyName</name>
+                    <required>true</required>
+                    <type>String</type>
+                </field>
+                <field>
+                    <name>propertyAssociations</name>
+                    <association xml.itemsStyle="wrapped" xml.tagName="propertyAssociation">
+                        <type>PropertyAssociation</type>
+                        <multiplicity>*</multiplicity>
+                    </association>
+                </field>
+                <field>
+                    <name>currentVersion</name>
+                    <type>String</type>
+                </field>
+                <field>
+                    <name>lastVersion</name>
+                    <type>String</type>
+                </field>
+                <field>
+                    <name>any</name>
+                    <association xml.itemsStyle="wrapped" xml.tagName="any">
+                        <type>String</type>
+                        <multiplicity>*</multiplicity>
+                    </association>
+                </field>
+                <field>
+                    <name>incrementals</name>
+                    <association xml.itemsStyle="wrapped" xml.tagName="incremental">
+                        <type>String</type>
+                        <multiplicity>*</multiplicity>
+                    </association>
+                </field>
+                <field>
+                    <name>minors</name>
+                    <association xml.itemsStyle="wrapped" xml.tagName="minor">
+                        <type>String</type>
+                        <multiplicity>*</multiplicity>
+                    </association>
+                </field>
+                <field>
+                    <name>majors</name>
+                    <association xml.itemsStyle="wrapped" xml.tagName="major">
+                        <type>String</type>
+                        <multiplicity>*</multiplicity>
+                    </association>
+                </field>
+                <field>
+                    <name>status</name>
+                    <required>true</required>
+                    <type>String</type>
+                </field>
+            </fields>
+        </class>
+
+        <class>
+            <name>PropertyAssociation</name>
+            <fields>
+                <field>
+                    <name>groupId</name>
+                    <type>String</type>
+                </field>
+                <field>
+                    <name>artifactId</name>
+                    <type>String</type>
+                </field>
+            </fields>
+        </class>
+
+    </classes>
+</model>
diff --git a/src/site/markdown/xsd/index.md b/src/site/markdown/xsd/index.md
index ec05854c6a..db45b4459e 100644
--- a/src/site/markdown/xsd/index.md
+++ b/src/site/markdown/xsd/index.md
@@ -14,6 +14,10 @@ date: 2022-10-17
 
  - [plugin-updates-report-2.1.0.xsd](plugin-updates-report-2.1.0.xsd)
 
+## property-updates-report.xsd
+
+- [property-updates-report-2.1.0.xsd](property-updates-report-2.1.0.xsd)
+
 ## rule.xsd
 
  - [rule-2.0.0.xsd](rule-2.0.0.xsd)
diff --git a/src/test/java/org/codehaus/mojo/versions/PropertyUpdatesReportMojoTest.java b/src/test/java/org/codehaus/mojo/versions/PropertyUpdatesReportMojoTest.java
index 4d498592d4..f0adb37f64 100644
--- a/src/test/java/org/codehaus/mojo/versions/PropertyUpdatesReportMojoTest.java
+++ b/src/test/java/org/codehaus/mojo/versions/PropertyUpdatesReportMojoTest.java
@@ -74,7 +74,7 @@ public void testIncludeParentTrueShouldContainProperty() throws Exception
     }
 
     @Test
-    public void testIncludeParentFalseShouldNotCountainProperty() throws Exception
+    public void testIncludeParentFalseShouldNotContainProperty() throws Exception
     {
         OutputStream os = new ByteArrayOutputStream();
         SinkFactory sinkFactory = new Xhtml5SinkFactory();