Why Invest In UDR, Inc.

As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD
Source Document Currency Code 2015 Y 12/31/2016 USD 2016 Y 12/31/2017 USD 2017 Y 12/31/2018 USD 2018 Y 6/30/2019 USD 2019 Q2 YTD 6/30/2019 USD

ASSETS

Real estate owned

Real estate held for investment 9,053,599 9,271,847 9,584,716 10,196,159 11,011,516
Less - accumulated depreciation (2,646,044) (2,923,072) (3,326,312) (3,654,160) (3,878,897)
Real estate held for investment, net 6,407,555 6,348,775 6,258,404 NA NA
Real estate under development (net of accumulated depreciation) 124,072 342,282 588,636 NA NA
Real estate held for disposition (net of accumulated depreciation) 11,775 1,071 NA NA NA
Total real estate owned, net of accumulated depreciation 6,543,402 6,692,128 6,847,040 6,541,999 7,132,619
Cash and cash equivalents 6,742 2,112 2,038 185,216 981
Restricted cash 20,798 19,994 19,792 23,675 23,042
Notes receivable, net 16,694 19,790 19,469 42,259 37,494
Investment in and advances to unconsolidated joint ventures, net 938,906 827,025 720,830 780,869 769,000
Operating lease right-of-use assets NA NA NA 0 93,939
Other assets 137,302 118,535 124,104 137,710 140,191
Total assets 7,663,844 7,679,584 7,733,273 7,711,728 8,197,266

LIABILITIES AND EQUITY

Liabilities

Secured debt, net 1,376,945 1,130,858 803,269 601,227 598,389
Unsecured debt, net 2,193,850 2,270,620 2,868,394 2,946,560 3,272,200
Operating lease liabilities NA NA NA 0 88,099
Real estate taxes payable 18,786 17,388 18,349 20,608 23,919
Accrued interest payable 29,162 29,257 33,432 38,747 42,029
Security deposits and prepaid rent 36,330 34,238 31,916 35,060 35,222
Distributions payable 80,368 86,936 91,455 97,666 105,611
Accounts payable, accrued expenses, and other liabilities 81,356 103,835 102,956 76,343 63,250
Total liabilities 3,816,797 3,673,132 3,949,771 3,816,211 4,228,719
Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership 946,436 909,482 948,138 972,740 1,000,532

Equity

Preferred stock
8.00% Series E Cumulative Convertible 46,457 46,457 46,200 46,200 46,200
Series F 1 1 1 1 1
Common stock 2,618 2,673 2,678 2,755 2,831
Additional paid-in capital 4,447,816 4,635,413 4,651,205 4,920,732 5,244,819
Distributions in excess of net income (1,584,459) (1,585,825) (1,871,603) (2,063,996) (2,336,609)
Accumulated other comprehensive income/(loss), net (12,678) (5,609) (2,681) (67) (7,838)
Total stockholders' equity 2,899,755 3,093,110 2,825,800 2,905,625 2,949,404
Noncontrolling interests 856 3,860 9,564 17,152 18,611
Total equity 2,900,611 3,096,970 2,835,364 2,922,777 2,968,015
Total liabilities and equity 7,663,844 7,679,584 7,733,273 7,711,728 8,197,266
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.