Why Invest In UDR, Inc.

Income Statement

Financial Highlights
3/31/2017
3/31/2018
6/30/2018
12/31/2018
Revenues ($000)
Interest Income 428 659 1,128 4,635
Rental Revenue 241,271 250,483 256,634 1,035,105
Operating RE Revenue 0 0 0 0
Partnership Income (960) (1,677) (2,032) (5,055)
Property Management Revenue 2,570 2,822 3,109 11,754
Franchise Fees 0 0 0 0
Nonrecurring Revenue 0 2,100 0 2,100
Other Noninterest Income 0 0 0 0
Revenue 243,309 254,387 258,839 1,048,539
Expenses ($000)
Interest Expense 29,023 29,943 31,598 130,869
Rental Operating Expense 71,479 75,878 76,184 315,090
Operating RE Expense 0 0 0 0
Real Estate Depreciation & Amortization 105,032 108,136 106,520 429,006
Provision for Loan Losses 0 0 0 0
Advisory Fees 0 0 0 0
Non-Real Estate Depreciation 1,608 1,691 1,684 6,673
General & Administrative Expense 19,710 18,647 18,805 73,712
Property Acquisition Fees 0 0 0 0
Asset Writedowns 0 0 0 0
Other Nonrecurring Expense 2,018 940 1,371 7,156
Other Expense 1 0 0 0
Expense 228,871 235,235 236,162 962,506
Net Income ($000)
Net Income before Gain on Sale of Real Estate 14,438 19,152 22,677 86,033
Gain on Sale of Real Estate 14,290 70,300 0 136,197
Total Minority Interest Expense 0 0 0 0
Provision for Taxes 332 227 233 688
Trust Preferred Distributions 0 0 0 0
Net Income before Extra 28,396 89,225 22,444 221,542
Extraordinary Items 0 0 0 0
Net Income 28,396 89,225 22,444 221,542
Net Income Attributable to Noncontrolling Int 2,429 7,469 1,843 18,436
Net Income Attributable to Parent 25,967 81,756 20,601 203,106
Preferred Dividends 929 955 971 3,868
Issue Costs of Redeemed Preferred Stock 0 0 0 0
Net Income Avail to Common 25,038 80,801 19,630 199,238
FFO 134,485 139,301 144,476 574,122
Adjusted FFO 127,251 133,641 133,126 534,783
Distributable Income NA NA NA NA
Per Share Information ($)
Diluted EPS after Extraordinary 0.09 0.30 0.07 0.74
FFO/ Share 0.45 0.47 0.49 1.93
AFFO per Share 0.43 0.45 0.45 1.80
Distributable Income per Share NA NA NA NA
Regular Dividends Paid 0.30 0.31 0.32 1.28
Regular Dividends Declared 0.31 0.32 0.32 1.29
Total Dividends Paid 0.30 0.31 0.32 1.28
Common Dividends Declared per Share 0.31 0.32 0.32 1.29
Avg Diluted Shares Out(actual) 268,688,225 269,207,847 268,889,777 269,483,233
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.