Why Invest In UDR, Inc.

Income Statement

Financial Highlights
12/31/2013
12/31/2014
12/31/2015
12/31/2016
Revenues ($000)
Interest Income 4,619 3,447 1,551 1,930
Rental Revenue 746,484 805,002 871,928 948,461
Operating RE Revenue 0 0 0 0
Partnership Income (8,746) (7,006) 2,884 5,402
Property Management Revenue 12,442 13,044 22,710 11,400
Franchise Fees 0 0 0 0
Nonrecurring Revenue 0 14,181 0 2,436
Other Noninterest Income 0 0 0 0
Revenue 754,799 828,668 899,073 969,629
Expenses ($000)
Interest Expense 125,905 130,262 121,875 121,302
Rental Operating Expense 245,220 256,874 267,767 283,025
Operating RE Expense 0 0 0 0
Real Estate Depreciation & Amortization 339,532 358,154 374,598 419,615
Provision for Loan Losses 0 0 0 0
Advisory Fees 0 0 0 0
Non-Real Estate Depreciation 6,741 5,775 6,679 6,023
General & Administrative Expense 62,766 69,565 80,837 75,240
Property Acquisition Fees 0 373 2,126 213
Asset Writedowns 0 0 0 0
Other Nonrecurring Expense (12,075) 733 3,040 2,852
Other Expense 0 0 0 0
Expense 768,089 821,736 856,922 908,270
Net Income ($000)
Net Income before Gain on Sale of Real Estate (13,290) 6,932 42,151 61,359
Gain on Sale of Real Estate 8,331 184,659 311,122 273,031
Total Minority Interest Expense 0 0 0 0
Provision for Taxes (7,299) 31,759 (3,886) 14,010
Trust Preferred Distributions 0 0 0 0
Net Income before Extra 2,340 159,832 357,159 320,380
Extraordinary Items 43,942 10 0 0
Net Income 46,282 159,842 357,159 320,380
Net Income Attributable to Noncontrolling Int 1,470 5,508 16,776 27,662
Net Income Attributable to Parent 44,812 154,334 340,383 292,718
Preferred Dividends 3,724 3,724 3,722 3,717
Issue Costs of Redeemed Preferred Stock 0 0 0 0
Net Income Avail to Common 41,088 150,610 336,661 289,001
FFO 380,502 415,426 459,287 530,813
Adjusted FFO 325,403 359,555 416,452 480,662
Distributable Income NA NA NA NA
Per Share Information ($)
Diluted EPS after Extraordinary 0.16 0.59 1.29 1.08
FFO/ Share 1.44 1.56 1.66 1.80
AFFO per Share 1.23 1.35 1.51 1.63
Distributable Income per Share NA NA NA NA
Regular Dividends Paid 0.93 1.02 1.09 1.16
Regular Dividends Declared 0.94 1.04 1.11 1.18
Total Dividends Paid 0.93 1.02 1.09 1.16
Common Dividends Declared per Share 0.94 1.04 1.11 1.18
Avg Diluted Shares Out(actual) 249,969,000 253,445,251 263,751,595 267,310,948
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.