Why Invest In UDR, Inc.

As Reported Financials

As Reported Financials

Source Document Currency Code (in thousands) 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD
Source Document Currency Code 2013 Y 12/31/2014 USD 2014 Y 12/31/2015 USD 2015 Y 12/31/2016 USD 2016 Y 12/31/2016 USD

ASSETS

Real estate owned

Real estate held for investment 7,723,844 8,205,627 9,053,599 9,271,847
Less - accumulated depreciation (2,200,815) (2,434,772) (2,646,044) (2,923,072)
Real estate held for investment, net 5,523,029 5,770,855 6,407,555 6,348,775
Real estate under development 466,002 177,632 124,072 342,282
Real estate held for disposition 10,152 0 11,775 1,071
Total real estate owned, net of accumulated depreciation 5,999,183 5,948,487 6,543,402 6,692,128
Cash and cash equivalents 30,249 15,224 6,742 2,112
Restricted cash 22,796 22,340 20,798 19,994
Deferred financing costs, net 26,924 NA NA NA
Notes receivable, net 83,033 14,369 16,694 19,790
Investment in and advances to unconsolidated joint ventures, net 507,655 718,226 938,906 827,025
Other assets 137,882 110,082 137,302 118,535
Total assets 6,807,722 6,828,728 7,663,844 7,679,584

LIABILITIES AND EQUITY

Liabilities

Secured debt, net 1,442,077 1,354,321 1,376,945 1,130,858
Unsecured debt, net 2,081,626 2,210,978 2,193,850 2,270,620
Real estate taxes payable 13,847 15,978 18,786 17,388
Accrued interest payable 32,279 34,215 29,162 29,257
Security deposits and prepaid rent 27,203 34,064 36,330 34,238
Distributions payable 61,907 69,460 80,368 86,936
Accounts payable, accrued expenses, and other liabilities 118,682 91,282 81,356 103,835
Total liabilities 3,777,621 3,810,298 3,816,797 3,673,132
Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership 217,597 282,480 946,436 909,482

Equity

Preferred stock
8.00% Series E Cumulative Convertible 46,571 46,571 46,457 46,457
Series F NA 0 1 1
Common stock 2,507 2,551 2,618 2,673
Additional paid-in capital 4,109,765 4,223,747 4,447,816 4,635,413
Distributions in excess of net income (1,342,070) (1,528,917) (1,584,459) (1,585,825)
Accumulated other comprehensive income/(loss), net (5,125) (8,855) (12,678) (5,609)
Total stockholders' equity 2,811,648 2,735,097 2,899,755 3,093,110
Noncontrolling interests 856 853 856 3,860
Total equity 2,812,504 2,735,950 2,900,611 3,096,970
Total liabilities and equity 6,807,722 6,828,728 7,663,844 7,679,584
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.