Why Invest In UDR, Inc.

As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 6/30/2018 USD 2018 Q2 YTD 6/30/2018 USD
Source Document Currency Code 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 6/30/2018 USD 2018 Q2 YTD 6/30/2018 USD

ASSETS

Real estate owned

Real estate held for investment 8,205,627 9,053,599 9,271,847 9,584,716 9,940,707
Less - accumulated depreciation (2,434,772) (2,646,044) (2,923,072) (3,326,312) (3,518,824)
Real estate held for investment, net 5,770,855 6,407,555 6,348,775 6,258,404 6,421,883
Real estate under development (net of accumulated depreciation) 177,632 124,072 342,282 588,636 335,665
Real estate held for disposition (net of accumulated depreciation) 0 11,775 1,071 NA NA
Total real estate owned, net of accumulated depreciation 5,948,487 6,543,402 6,692,128 6,847,040 6,757,548
Cash and cash equivalents 15,224 6,742 2,112 2,038 1,055
Restricted cash 22,340 20,798 19,994 19,792 29,857
Notes receivable, net 14,369 16,694 19,790 19,469 40,709
Investment in and advances to unconsolidated joint ventures, net 718,226 938,906 827,025 720,830 739,910
Other assets 110,082 137,302 118,535 124,104 138,279
Total assets 6,828,728 7,663,844 7,679,584 7,733,273 7,707,358

LIABILITIES AND EQUITY

Liabilities

Secured debt, net 1,354,321 1,376,945 1,130,858 803,269 799,815
Unsecured debt, net 2,210,978 2,193,850 2,270,620 2,868,394 2,952,297
Real estate taxes payable 15,978 18,786 17,388 18,349 21,972
Accrued interest payable 34,215 29,162 29,257 33,432 38,201
Security deposits and prepaid rent 34,064 36,330 34,238 31,916 34,519
Distributions payable 69,460 80,368 86,936 91,455 95,131
Accounts payable, accrued expenses, and other liabilities 91,282 81,356 103,835 102,956 74,344
Total liabilities 3,810,298 3,816,797 3,673,132 3,949,771 4,016,279

Commitments and contingencies

Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership 282,480 946,436 909,482 948,138 922,329

Equity

Preferred stock
8.00% Series E Cumulative Convertible 46,571 46,457 46,457 46,200 46,200
Series F 0 1 1 1 1
Common stock 2,551 2,618 2,673 2,678 2,677
Additional paid-in capital 4,223,747 4,447,816 4,635,413 4,651,205 4,639,147
Distributions in excess of net income (1,528,917) (1,584,459) (1,585,825) (1,871,603) (1,929,124)
Accumulated other comprehensive income/(loss), net (8,855) (12,678) (5,609) (2,681) (1,407)
Total stockholders' equity 2,735,097 2,899,755 3,093,110 2,825,800 2,757,494
Noncontrolling interests 853 856 3,860 9,564 11,256
Total equity 2,735,950 2,900,611 3,096,970 2,835,364 2,768,750
Total liabilities and equity 6,828,728 7,663,844 7,679,584 7,733,273 7,707,358
Data shown on this page is extracted directly from the company’s documents. S&P makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, S&P, as always, stands by its commitment to the quality of the data.