Why Invest In UDR, Inc.

Why Invest In UDR, Inc.

Income Statement

Financial Highlights
2020 FQ3 YTD
9/30/2020
2019 FY
12/31/2019
2018 FY
12/31/2018
2017 FY
12/31/2017
2016 FY
12/31/2016
Revenues ($000)
Interest Income 7,000 6,904 4,635 1,971 1,930
Rental Revenue 934,920 1,138,138 1,035,105 984,309 948,461
Operating RE Revenue 0 0 0 0 0
Partnership Income 14,328 12,466 (5,055) (4,106) 5,402
Property Management Revenue 3,861 14,055 11,754 11,482 11,400
Franchise Fees 0 0 0 0 0
Nonrecurring Revenue 0 0 2,100 14,800 2,436
Other Noninterest Income 304 8,500 0 0 0
Revenue 960,413 1,180,063 1,048,539 1,008,456 969,629
Expenses ($000)
Interest Expense 115,642 141,323 130,869 119,499 121,302
Rental Operating Expense 302,679 343,767 315,090 294,866 283,025
Operating RE Expense 0 0 0 0 0
Real Estate Depreciation & Amortization 462,481 501,257 429,006 430,054 419,615
Provision for Loan Losses NA 0 0 0 0
Advisory Fees 0 0 0 0 0
Non-Real Estate Depreciation 7,939 6,666 6,673 6,408 6,023
General & Administrative Expense 58,976 81,304 73,712 74,639 75,240
Property Acquisition Fees 0 0 0 371 213
Asset Writedowns 0 0 0 0 0
Other Nonrecurring Expense 31,703 33,018 7,156 14,171 2,852
Other Expense 0 0 0 0 0
Expense 979,420 1,107,335 962,506 940,008 908,270
Net Income ($000)
Net Income before Gain on Sale of Real Estate (19,007) 72,728 86,033 68,448 61,359
Gain on Sale of Real Estate 61,303 130,689 136,197 63,967 273,031
Total Minority Interest Expense 0 0 0 0 0
Provision for Taxes 1,877 3,838 688 (240) 14,010
Trust Preferred Distributions 0 0 0 0 0
Net Income before Extra 40,419 199,579 221,542 132,655 320,380
Extraordinary Items 0 0 0 0 0
Net Income 40,419 199,579 221,542 132,655 320,380
Net Income Attributable to Noncontrolling Int 2,685 14,614 18,436 11,097 27,662
Net Income Attributable to Parent 37,734 184,965 203,106 121,558 292,718
Preferred Dividends 3,179 4,104 3,868 3,708 3,717
Issue Costs of Redeemed Preferred Stock 0 0 0 0 0
Net Income Avail to Common 34,555 180,861 199,238 117,850 289,001
FFO 467,896 633,383 574,122 542,624 530,813
Adjusted FFO 457,742 597,229 534,783 508,840 480,662
Distributable Income NA NA NA NA NA
Per Share Information ($)
Diluted EPS after Extraordinary 0.12 0.63 0.74 0.44 1.08
FFO/ Share 1.46 2.03 1.93 1.83 1.80
AFFO per Share 1.43 1.92 1.80 1.72 1.63
Distributable Income per Share NA NA NA NA NA
Regular Dividends Paid 1.06 1.35 1.28 1.23 1.16
Regular Dividends Declared 1.08 1.37 1.29 1.24 1.18
Total Dividends Paid 1.06 1.35 1.28 1.23 1.16
Common Dividends Declared per Share 1.08 1.37 1.29 1.24 1.18
Avg Diluted Shares Out(actual) 294,937,883 286,014,955 269,483,233 268,830,221 267,310,948
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.