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 3/31/2019 USD 2019 Q1 YTD 3/31/2019 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 3/31/2019 USD 2019 Q1 YTD 3/31/2019 USD

ASSETS

Real estate owned

Real estate held for investment 9,053,599 9,271,847 9,584,716 10,196,159 10,680,555
Less - accumulated depreciation (2,646,044) (2,923,072) (3,326,312) (3,654,160) (3,764,099)
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 6,916,456
Cash and cash equivalents 6,742 2,112 2,038 185,216 1,043
Restricted cash 20,798 19,994 19,792 23,675 23,111
Notes receivable, net 16,694 19,790 19,469 42,259 36,974
Investment in and advances to unconsolidated joint ventures, net 938,906 827,025 720,830 780,869 749,100
Operating lease right-of-use assets NA NA NA 0 94,145
Other assets 137,302 118,535 124,104 137,710 134,896
Total assets 7,663,844 7,679,584 7,733,273 7,711,728 7,955,725

LIABILITIES AND EQUITY

Liabilities

Secured debt, net 1,376,945 1,130,858 803,269 601,227 599,796
Unsecured debt, net 2,193,850 2,270,620 2,868,394 2,946,560 2,990,033
Operating lease liabilities NA NA NA 0 88,218
Real estate taxes payable 18,786 17,388 18,349 20,608 27,205
Accrued interest payable 29,162 29,257 33,432 38,747 29,397
Security deposits and prepaid rent 36,330 34,238 31,916 35,060 36,332
Distributions payable 80,368 86,936 91,455 97,666 105,548
Accounts payable, accrued expenses, and other liabilities 81,356 103,835 102,956 76,343 65,334
Total liabilities 3,816,797 3,673,132 3,949,771 3,816,211 3,941,863
Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership 946,436 909,482 948,138 972,740 1,051,498

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 2,818
Additional paid-in capital 4,447,816 4,635,413 4,651,205 4,920,732 5,184,195
Distributions in excess of net income (1,584,459) (1,585,825) (1,871,603) (2,063,996) (2,281,262)
Accumulated other comprehensive income/(loss), net (12,678) (5,609) (2,681) (67) (2,970)
Total stockholders' equity 2,899,755 3,093,110 2,825,800 2,905,625 2,948,982
Noncontrolling interests 856 3,860 9,564 17,152 13,382
Total equity 2,900,611 3,096,970 2,835,364 2,922,777 2,962,364
Total liabilities and equity 7,663,844 7,679,584 7,733,273 7,711,728 7,955,725
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.