Why Invest In UDR, Inc.

Income Statement

Financial Highlights
3/31/2017
12/31/2017
3/31/2018
6/30/2018
Revenues ($000)
Interest Income 428 1,971 659 1,128
Rental Revenue 241,271 984,309 250,483 256,634
Operating RE Revenue 0 0 0 0
Partnership Income (960) (4,106) (1,677) (2,032)
Property Management Revenue 2,570 11,482 2,822 3,109
Franchise Fees 0 0 0 0
Nonrecurring Revenue 0 14,800 2,100 0
Other Noninterest Income 0 0 0 0
Revenue 243,309 1,008,456 254,387 258,839
Expenses ($000)
Interest Expense 29,023 119,499 29,943 31,598
Rental Operating Expense 71,479 294,866 75,878 76,184
Operating RE Expense 0 0 0 0
Real Estate Depreciation & Amortization 105,032 430,054 108,136 106,520
Provision for Loan Losses 0 0 0 0
Advisory Fees 0 0 0 0
Non-Real Estate Depreciation 1,608 6,408 1,691 1,684
General & Administrative Expense 19,710 74,639 18,647 18,805
Property Acquisition Fees 0 371 0 0
Asset Writedowns 0 0 0 0
Other Nonrecurring Expense 2,018 14,171 940 1,371
Other Expense 1 0 0 0
Expense 228,871 940,008 235,235 236,162
Net Income ($000)
Net Income before Gain on Sale of Real Estate 14,438 68,448 19,152 22,677
Gain on Sale of Real Estate 14,290 63,967 70,300 0
Total Minority Interest Expense 0 0 0 0
Provision for Taxes 332 (240) 227 233
Trust Preferred Distributions 0 0 0 0
Net Income before Extra 28,396 132,655 89,225 22,444
Extraordinary Items 0 0 0 0
Net Income 28,396 132,655 89,225 22,444
Net Income Attributable to Noncontrolling Int 2,429 11,097 7,469 1,843
Net Income Attributable to Parent 25,967 121,558 81,756 20,601
Preferred Dividends 929 3,708 955 971
Issue Costs of Redeemed Preferred Stock 0 0 0 0
Net Income Avail to Common 25,038 117,850 80,801 19,630
FFO 134,485 542,624 139,301 144,476
Adjusted FFO 127,251 508,840 133,641 133,126
Distributable Income NA NA NA NA
Per Share Information ($)
Diluted EPS after Extraordinary 0.09 0.44 0.30 0.07
FFO/ Share 0.45 1.83 0.47 0.49
AFFO per Share 0.43 1.72 0.45 0.45
Distributable Income per Share NA NA NA NA
Regular Dividends Paid 0.30 1.23 0.31 0.32
Regular Dividends Declared 0.31 1.24 0.32 0.32
Total Dividends Paid 0.30 1.23 0.31 0.32
Common Dividends Declared per Share 0.31 1.24 0.32 0.32
Avg Diluted Shares Out(actual) 268,688,225 268,830,221 269,207,847 268,889,777
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.