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 9/30/2018 USD 2018 Q3 YTD 9/30/2018 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 9/30/2018 USD 2018 Q3 YTD 9/30/2018 USD

ASSETS

Real estate owned

Real estate held for investment 8,205,627 9,053,599 9,271,847 9,584,716 9,809,142
Less - accumulated depreciation (2,434,772) (2,646,044) (2,923,072) (3,326,312) (3,544,781)
Real estate held for investment, net 5,770,855 6,407,555 6,348,775 6,258,404 6,264,361
Real estate under development (net of accumulated depreciation) 177,632 124,072 342,282 588,636 347,012
Real estate held for disposition (net of accumulated depreciation) 0 11,775 1,071 0 89,964
Total real estate owned, net of accumulated depreciation 5,948,487 6,543,402 6,692,128 6,847,040 6,701,337
Cash and cash equivalents 15,224 6,742 2,112 2,038 1,084
Restricted cash 22,340 20,798 19,994 19,792 26,996
Notes receivable, net 14,369 16,694 19,790 19,469 41,009
Investment in and advances to unconsolidated joint ventures, net 718,226 938,906 827,025 720,830 767,376
Other assets 110,082 137,302 118,535 124,104 140,982
Total assets 6,828,728 7,663,844 7,679,584 7,733,273 7,678,784

LIABILITIES AND EQUITY

Liabilities

Secured debt, net 1,354,321 1,376,945 1,130,858 803,269 798,241
Unsecured debt, net 2,210,978 2,193,850 2,270,620 2,868,394 3,012,939
Real estate taxes payable 15,978 18,786 17,388 18,349 38,581
Accrued interest payable 34,215 29,162 29,257 33,432 27,750
Security deposits and prepaid rent 34,064 36,330 34,238 31,916 31,821
Distributions payable 69,460 80,368 86,936 91,455 95,372
Accounts payable, accrued expenses, and other liabilities 91,282 81,356 103,835 102,956 73,812
Total liabilities 3,810,298 3,816,797 3,673,132 3,949,771 4,078,516

Commitments and contingencies

Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership 282,480 946,436 909,482 948,138 992,805

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 2,684
Additional paid-in capital 4,223,747 4,447,816 4,635,413 4,651,205 4,619,570
Distributions in excess of net income (1,528,917) (1,584,459) (1,585,825) (1,871,603) (2,075,402)
Accumulated other comprehensive income/(loss), net (8,855) (12,678) (5,609) (2,681) 202
Total stockholders' equity 2,735,097 2,899,755 3,093,110 2,825,800 2,593,255
Noncontrolling interests 853 856 3,860 9,564 14,208
Total equity 2,735,950 2,900,611 3,096,970 2,835,364 2,607,463
Total liabilities and equity 6,828,728 7,663,844 7,679,584 7,733,273 7,678,784
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.