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 3/31/2017 USD 2017 Q1 YTD 3/31/2017 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 3/31/2017 USD 2017 Q1 YTD 3/31/2017 USD

ASSETS

Real estate owned

Real estate held for investment 7,723,844 8,205,627 9,053,599 9,271,847 9,393,732
Less - accumulated depreciation (2,200,815) (2,434,772) (2,646,044) (2,923,072) (3,026,660)
Real estate held for investment, net 5,523,029 5,770,855 6,407,555 6,348,775 6,367,072
Real estate under development (net of accumulated depreciation) 466,002 177,632 124,072 342,282 393,837
Real estate held for disposition (net of accumulated depreciation) 10,152 0 11,775 1,071 0
Total real estate owned, net of accumulated depreciation 5,999,183 5,948,487 6,543,402 6,692,128 6,760,909
Cash and cash equivalents 30,249 15,224 6,742 2,112 2,460
Restricted cash 22,796 22,340 20,798 19,994 19,757
Deferred financing costs, net 26,924 NA NA NA NA
Notes receivable, net 83,033 14,369 16,694 19,790 19,790
Investment in and advances to unconsolidated joint ventures, net 507,655 718,226 938,906 827,025 818,990
Other assets 137,882 110,082 137,302 118,535 114,005
Total assets 6,807,722 6,828,728 7,663,844 7,679,584 7,735,911

LIABILITIES AND EQUITY

Liabilities

Secured debt, net 1,442,077 1,354,321 1,376,945 1,130,858 1,031,507
Unsecured debt, net 2,081,626 2,210,978 2,193,850 2,270,620 2,505,785
Real estate taxes payable 13,847 15,978 18,786 17,388 23,105
Accrued interest payable 32,279 34,215 29,162 29,257 27,887
Security deposits and prepaid rent 27,203 34,064 36,330 34,238 36,894
Distributions payable 61,907 69,460 80,368 86,936 91,436
Accounts payable, accrued expenses, and other liabilities 118,682 91,282 81,356 103,835 74,608
Total liabilities 3,777,621 3,810,298 3,816,797 3,673,132 3,791,222

Commitments and contingencies

Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership 217,597 282,480 946,436 909,482 904,778
Equity
Preferred stock
8.00% Series E Cumulative Convertible 46,571 46,571 46,457 46,457 46,457
Series F NA 0 1 1 1
Common stock 2,507 2,551 2,618 2,673 2,674
Additional paid-in capital 4,109,765 4,223,747 4,447,816 4,635,413 4,635,942
Distributions in excess of net income (1,342,070) (1,528,917) (1,584,459) (1,585,825) (1,644,621)
Accumulated other comprehensive income/(loss), net (5,125) (8,855) (12,678) (5,609) (4,288)
Total stockholders' equity 2,811,648 2,735,097 2,899,755 3,093,110 3,036,165
Noncontrolling interests 856 853 856 3,860 3,746
Total equity 2,812,504 2,735,950 2,900,611 3,096,970 3,039,911
Total liabilities and equity 6,807,722 6,828,728 7,663,844 7,679,584 7,735,911
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.