Why Invest In UDR, Inc.

Income Statement

Financial Highlights
12/31/2015
12/31/2016
3/31/2017
12/31/2017
Revenues ($000)
Interest Income 1,551 1,930 428 1,971
Rental Revenue 871,928 948,461 241,271 984,309
Operating RE Revenue 0 0 0 0
Partnership Income 2,884 5,402 (960) (4,106)
Property Management Revenue 22,710 11,400 2,570 11,482
Franchise Fees 0 0 0 0
Nonrecurring Revenue 0 2,436 0 14,800
Other Noninterest Income 0 0 0 0
Revenue 899,073 969,629 243,309 1,008,456
Expenses ($000)
Interest Expense 121,875 121,302 29,023 119,499
Rental Operating Expense 267,767 283,025 71,479 294,866
Operating RE Expense 0 0 0 0
Real Estate Depreciation & Amortization 374,598 419,615 105,032 430,054
Provision for Loan Losses 0 0 0 0
Advisory Fees 0 0 0 0
Non-Real Estate Depreciation 6,679 6,023 1,608 6,408
General & Administrative Expense 80,837 75,240 19,710 74,639
Property Acquisition Fees 2,126 213 0 371
Asset Writedowns 0 0 0 0
Other Nonrecurring Expense 3,040 2,852 2,018 14,171
Other Expense 0 0 1 0
Expense 856,922 908,270 228,871 940,008
Net Income ($000)
Net Income before Gain on Sale of Real Estate 42,151 61,359 14,438 68,448
Gain on Sale of Real Estate 311,122 273,031 14,290 63,967
Total Minority Interest Expense 0 0 0 0
Provision for Taxes (3,886) 14,010 332 (240)
Trust Preferred Distributions 0 0 0 0
Net Income before Extra 357,159 320,380 28,396 132,655
Extraordinary Items 0 0 0 0
Net Income 357,159 320,380 28,396 132,655
Net Income Attributable to Noncontrolling Int 16,776 27,662 2,429 11,097
Net Income Attributable to Parent 340,383 292,718 25,967 121,558
Preferred Dividends 3,722 3,717 929 3,708
Issue Costs of Redeemed Preferred Stock 0 0 0 0
Net Income Avail to Common 336,661 289,001 25,038 117,850
FFO 459,287 530,813 134,485 542,624
Adjusted FFO 416,452 480,662 127,251 508,840
Distributable Income NA NA NA NA
Per Share Information ($)
Diluted EPS after Extraordinary 1.29 1.08 0.09 0.44
FFO/ Share 1.66 1.80 0.45 1.83
AFFO per Share 1.51 1.63 0.43 1.72
Distributable Income per Share NA NA NA NA
Regular Dividends Paid 1.09 1.16 0.30 1.23
Regular Dividends Declared 1.11 1.18 0.31 1.24
Total Dividends Paid 1.09 1.16 0.30 1.23
Common Dividends Declared per Share 1.11 1.18 0.31 1.24
Avg Diluted Shares Out(actual) 263,751,595 267,310,948 268,688,225 268,830,221
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.