Why Invest In UDR, Inc.

Income Statement

Financial Highlights
12/31/2016
3/31/2017
12/31/2017
3/31/2018
Revenues ($000)
Interest Income 1,930 428 1,971 659
Rental Revenue 948,461 241,271 984,309 250,483
Operating RE Revenue 0 0 0 0
Partnership Income 5,402 (960) (4,106) (1,677)
Property Management Revenue 11,400 2,570 11,482 2,822
Franchise Fees 0 0 0 0
Nonrecurring Revenue 2,436 0 14,800 2,100
Other Noninterest Income 0 0 0 0
Revenue 969,629 243,309 1,008,456 254,387
Expenses ($000)
Interest Expense 121,302 29,023 119,499 29,943
Rental Operating Expense 283,025 71,479 294,866 75,878
Operating RE Expense 0 0 0 0
Real Estate Depreciation & Amortization 419,615 105,032 430,054 108,136
Provision for Loan Losses 0 0 0 0
Advisory Fees 0 0 0 0
Non-Real Estate Depreciation 6,023 1,608 6,408 1,691
General & Administrative Expense 75,240 19,710 74,639 18,647
Property Acquisition Fees 213 0 371 0
Asset Writedowns 0 0 0 0
Other Nonrecurring Expense 2,852 2,018 14,171 940
Other Expense 0 1 0 0
Expense 908,270 228,871 940,008 235,235
Net Income ($000)
Net Income before Gain on Sale of Real Estate 61,359 14,438 68,448 19,152
Gain on Sale of Real Estate 273,031 14,290 63,967 70,300
Total Minority Interest Expense 0 0 0 0
Provision for Taxes 14,010 332 (240) 227
Trust Preferred Distributions 0 0 0 0
Net Income before Extra 320,380 28,396 132,655 89,225
Extraordinary Items 0 0 0 0
Net Income 320,380 28,396 132,655 89,225
Net Income Attributable to Noncontrolling Int 27,662 2,429 11,097 7,469
Net Income Attributable to Parent 292,718 25,967 121,558 81,756
Preferred Dividends 3,717 929 3,708 955
Issue Costs of Redeemed Preferred Stock 0 0 0 0
Net Income Avail to Common 289,001 25,038 117,850 80,801
FFO 530,813 134,485 542,624 139,301
Adjusted FFO 480,662 127,251 508,840 133,641
Distributable Income NA NA NA NA
Per Share Information ($)
Diluted EPS after Extraordinary 1.08 0.09 0.44 0.30
FFO/ Share 1.80 0.45 1.83 0.47
AFFO per Share 1.63 0.43 1.72 0.45
Distributable Income per Share NA NA NA NA
Regular Dividends Paid 1.16 0.30 1.23 0.31
Regular Dividends Declared 1.18 0.31 1.24 0.32
Total Dividends Paid 1.16 0.30 1.23 0.31
Common Dividends Declared per Share 1.18 0.31 1.24 0.32
Avg Diluted Shares Out(actual) 267,310,948 268,688,225 268,830,221 269,207,847
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.