Why Invest In UDR, Inc.

Why Invest In UDR, Inc.

As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2012 Y 12/31/2013 USD 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 9/30/2016 USD 2016 Q3 YTD 9/30/2016 USD
Source Document Currency Code 2012 Y 12/31/2013 USD 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 9/30/2016 USD 2016 Q3 YTD 9/30/2016 USD

ASSETS

Real estate owned

Real estate held for investment 7,475,771 7,723,844 8,205,627 9,053,599 8,984,369
Less - accumulated depreciation (1,884,039) (2,200,815) (2,434,772) (2,646,044) (2,849,902)
Real estate held for investment, net 5,591,732 5,523,029 5,770,855 6,407,555 6,134,467
Real estate under development 489,795 466,002 177,632 124,072 294,844
Real estate held for disposition 49,619 10,152 0 11,775 51,052
Total real estate owned, net of accumulated depreciation 6,131,146 5,999,183 5,948,487 6,543,402 6,480,363
Cash and cash equivalents 12,115 30,249 15,224 6,742 3,301
Restricted cash 23,561 22,796 22,340 20,798 21,233
Deferred financing costs, net 24,990 26,924 NA NA NA
Funds held in escrow from Internal Revenue Code Section 1031 exchanges NA NA NA 0 87,162
Notes receivable, net 64,006 83,033 14,369 16,694 19,694
Investment in and advances to unconsolidated joint ventures, net 477,631 507,655 718,226 938,906 917,941
Other assets 125,654 137,882 110,082 137,302 121,475
Total assets 6,859,103 6,807,722 6,828,728 7,663,844 7,651,169

LIABILITIES AND EQUITY

Liabilities

Secured debt, net 1,430,135 1,442,077 1,354,321 1,376,945 1,048,993
Unsecured debt, net 1,979,198 2,081,626 2,210,978 2,193,850 2,495,397
Real estate taxes payable 14,076 13,847 15,978 18,786 36,030
Accrued interest payable 30,937 32,279 34,215 29,162 28,135
Security deposits and prepaid rent 25,025 27,203 34,064 36,330 37,300
Distributions payable 57,915 61,907 69,460 80,368 86,959
Accounts payable, accrued expenses, and other liabilities 104,567 118,682 91,282 81,356 91,601
Total liabilities 3,641,853 3,777,621 3,810,298 3,816,797 3,824,415
Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership 223,418 217,597 282,480 946,436 900,756

Equity

Preferred stock, no par value
8.00% Series E Cumulative Convertible 46,571 46,571 46,571 46,457 46,457
Series F NA NA 0 1 1
Common stock 2,501 2,507 2,551 2,618 2,672
Additional paid-in capital 4,098,882 4,109,765 4,223,747 4,447,816 4,631,539
Distributions in excess of net income (1,143,781) (1,342,070) (1,528,917) (1,584,459) (1,746,617)
Accumulated other comprehensive income/(loss), net (11,257) (5,125) (8,855) (12,678) (11,146)
Total stockholders' equity 2,992,916 2,811,648 2,735,097 2,899,755 2,922,906
Noncontrolling interests 916 856 853 856 3,092
Total equity 2,993,832 2,812,504 2,735,950 2,900,611 2,925,998
Total liabilities and equity 6,859,103 6,807,722 6,828,728 7,663,844 7,651,169
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.