Why Invest In UDR, Inc.

Why Invest In UDR, Inc.

Income Statement

Financial Highlights
12/31/2013
12/31/2014
12/31/2015
Revenues ($000)
Interest Income 4,619 3,447 1,551
Rental Revenue 746,484 805,002 871,928
Operating RE Revenue 0 0 0
Partnership Income (8,746) (7,006) 2,884
Property Management Revenue 12,442 13,044 22,710
Franchise Fees 0 0 0
Nonrecurring Revenue (178) 13,989 0
Other Noninterest Income 0 0 0
Revenue 754,621 828,476 899,073
Expenses ($000)
Interest Expense 125,905 130,262 121,875
Rental Operating Expense 245,220 256,874 267,767
Operating RE Expense 0 0 0
Real Estate Depreciation & Amortization 339,532 358,154 374,598
Provision for Loan Losses 0 0 0
Advisory Fees 0 0 0
Non-Real Estate Depreciation 6,741 5,775 6,679
General & Administrative Expense 62,766 69,565 80,837
Property Acquisition Fees 0 373 2,126
Asset Writedowns 0 0 0
Other Nonrecurring Expense (12,253) 541 3,040
Other Expense 0 0 0
Expense 767,911 821,544 856,922
Net Income ($000)
Net Income before Gain on Sale of Real Estate (13,290) 6,932 42,151
Gain on Sale of Real Estate 8,331 143,572 311,122
Total Minority Interest Expense 0 0 0
Provision for Taxes (7,299) (9,328) (3,886)
Trust Preferred Distributions 0 0 0
Net Income before Extra 2,340 159,832 357,159
Extraordinary Items 43,942 10 0
Net Income 46,282 159,842 357,159
Net Income Attributable to Noncontrolling Int 1,470 5,508 16,776
Net Income Attributable to Parent 44,812 154,334 340,383
Preferred Dividends 3,724 3,724 3,722
Issue Costs of Redeemed Preferred Stock 0 0 0
Net Income Avail to Common 41,088 150,610 336,661
FFO 380,502 415,426 459,287
Adjusted FFO 325,403 359,555 416,452
Distributable Income NA NA NA
Per Share Information ($)
Diluted EPS after Extraordinary 0.16 0.59 1.29
FFO/ Share 1.44 1.56 1.66
AFFO per Share 1.23 1.35 1.51
Distributable Income per Share NA NA NA
Regular Dividends Paid 0.93 1.02 1.09
Regular Dividends Declared 0.94 1.04 1.11
Total Dividends Paid 0.93 1.02 1.09
Common Dividends Declared per Share 0.94 1.04 1.11
Avg Diluted Shares Out(actual) 249,969,000 253,445,251 263,751,595
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.