Why Invest In UDR, Inc.

Income Statement

Financial Highlights
12/31/2014
12/31/2015
12/31/2016
3/31/2017
Revenues ($000)
Interest Income 3,447 1,551 1,930 428
Rental Revenue 805,002 871,928 948,461 241,271
Operating RE Revenue 0 0 0 0
Partnership Income (7,006) 2,884 5,402 (960)
Property Management Revenue 13,044 22,710 11,400 2,570
Franchise Fees 0 0 0 0
Nonrecurring Revenue 14,181 0 2,436 0
Other Noninterest Income 0 0 0 0
Revenue 828,668 899,073 969,629 243,309
Expenses ($000)
Interest Expense 130,262 121,875 121,302 29,023
Rental Operating Expense 256,874 267,767 283,025 71,479
Operating RE Expense 0 0 0 0
Real Estate Depreciation & Amortization 358,154 374,598 419,615 105,032
Provision for Loan Losses 0 0 0 0
Advisory Fees 0 0 0 0
Non-Real Estate Depreciation 5,775 6,679 6,023 1,608
General & Administrative Expense 69,565 80,837 75,240 19,710
Property Acquisition Fees 373 2,126 213 0
Asset Writedowns 0 0 0 0
Other Nonrecurring Expense 733 3,040 2,852 2,018
Other Expense 0 0 0 1
Expense 821,736 856,922 908,270 228,871
Net Income ($000)
Net Income before Gain on Sale of Real Estate 6,932 42,151 61,359 14,438
Gain on Sale of Real Estate 184,659 311,122 273,031 14,290
Total Minority Interest Expense 0 0 0 0
Provision for Taxes 31,759 (3,886) 14,010 332
Trust Preferred Distributions 0 0 0 0
Net Income before Extra 159,832 357,159 320,380 28,396
Extraordinary Items 10 0 0 0
Net Income 159,842 357,159 320,380 28,396
Net Income Attributable to Noncontrolling Int 5,508 16,776 27,662 2,429
Net Income Attributable to Parent 154,334 340,383 292,718 25,967
Preferred Dividends 3,724 3,722 3,717 929
Issue Costs of Redeemed Preferred Stock 0 0 0 0
Net Income Avail to Common 150,610 336,661 289,001 25,038
FFO 415,426 459,287 530,813 134,485
Adjusted FFO 359,555 416,452 480,662 127,251
Distributable Income NA NA NA NA
Per Share Information ($)
Diluted EPS after Extraordinary 0.59 1.29 1.08 0.09
FFO/ Share 1.56 1.66 1.80 0.45
AFFO per Share 1.35 1.51 1.63 0.43
Distributable Income per Share NA NA NA NA
Regular Dividends Paid 1.02 1.09 1.16 0.30
Regular Dividends Declared 1.04 1.11 1.18 0.31
Total Dividends Paid 1.02 1.09 1.16 0.30
Common Dividends Declared per Share 1.04 1.11 1.18 0.31
Avg Diluted Shares Out(actual) 253,445,251 263,751,595 267,310,948 268,688,225
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.