Why Invest In UDR, Inc.

Income Statement

Financial Highlights
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
2015 FY
12/31/2015
Revenues ($000)
Interest Income 6,904 4,635 1,971 1,930 1,551
Rental Revenue 1,138,138 1,035,105 984,309 948,461 871,928
Operating RE Revenue 0 0 0 0 0
Partnership Income 12,466 (5,055) (4,106) 5,402 2,884
Property Management Revenue 14,055 11,754 11,482 11,400 22,710
Franchise Fees 0 0 0 0 0
Nonrecurring Revenue 0 2,100 14,800 2,436 0
Other Noninterest Income 8,500 0 0 0 0
Revenue 1,180,063 1,048,539 1,008,456 969,629 899,073
Expenses ($000)
Interest Expense 141,323 130,869 119,499 121,302 121,875
Rental Operating Expense 343,767 315,090 294,866 283,025 267,767
Operating RE Expense 0 0 0 0 0
Real Estate Depreciation & Amortization 501,257 429,006 430,054 419,615 374,598
Provision for Loan Losses 0 0 0 0 0
Advisory Fees 0 0 0 0 0
Non-Real Estate Depreciation 6,666 6,673 6,408 6,023 6,679
General & Administrative Expense 81,304 73,712 74,639 75,240 80,837
Property Acquisition Fees 0 0 371 213 2,126
Asset Writedowns 0 0 0 0 0
Other Nonrecurring Expense 33,018 7,156 14,171 2,852 3,040
Other Expense 0 0 0 0 0
Expense 1,107,335 962,506 940,008 908,270 856,922
Net Income ($000)
Net Income before Gain on Sale of Real Estate 72,728 86,033 68,448 61,359 42,151
Gain on Sale of Real Estate 130,689 136,197 63,967 273,031 311,122
Total Minority Interest Expense 0 0 0 0 0
Provision for Taxes 3,838 688 (240) 14,010 (3,886)
Trust Preferred Distributions 0 0 0 0 0
Net Income before Extra 199,579 221,542 132,655 320,380 357,159
Extraordinary Items 0 0 0 0 0
Net Income 199,579 221,542 132,655 320,380 357,159
Net Income Attributable to Noncontrolling Int 14,614 18,436 11,097 27,662 16,776
Net Income Attributable to Parent 184,965 203,106 121,558 292,718 340,383
Preferred Dividends 4,104 3,868 3,708 3,717 3,722
Issue Costs of Redeemed Preferred Stock 0 0 0 0 0
Net Income Avail to Common 180,861 199,238 117,850 289,001 336,661
FFO 633,383 574,122 542,624 530,813 459,287
Adjusted FFO 597,229 534,783 508,840 480,662 416,452
Distributable Income NA NA NA NA NA
Per Share Information ($)
Diluted EPS after Extraordinary 0.63 0.74 0.44 1.08 1.29
FFO/ Share 2.03 1.93 1.83 1.80 1.66
AFFO per Share 1.92 1.80 1.72 1.63 1.51
Distributable Income per Share NA NA NA NA NA
Regular Dividends Paid 1.35 1.28 1.23 1.16 1.09
Regular Dividends Declared 1.37 1.29 1.24 1.18 1.11
Total Dividends Paid 1.35 1.28 1.23 1.16 1.09
Common Dividends Declared per Share 1.37 1.29 1.24 1.18 1.11
Avg Diluted Shares Out(actual) 286,014,955 269,483,233 268,830,221 267,310,948 263,751,595
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.