UDR, Inc.

10-K & 10-Q Filings

UDR, Inc. is a self-administered real estate investment trust (REIT) based in Highlands Ranch, Colorado. The company owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities in targeted markets throughout the United States. UDR's business strategy includes maximizing the economic returns of its apartment communities, maintaining a diversified portfolio, and consistently driving operational excellence. The company reports in two segments: Same-Store Communities and Non-Mature Communities/Other. UDR's website is www.udr.com, and its ticker symbol is UDR. At December 31, 2023, UDR's consolidated real estate portfolio consisted of 168 communities with 55,550 completed apartment homes. The company's commitment to associates includes fair and competitive compensation, frequent training opportunities, and a focus on diversity and inclusion. UDR aims to maintain a strong balance sheet and invest in new technologies to drive operating efficiencies.

12 mos ending Dec 31, 201112 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$708.68
729.36
758.93
818.05
894.64
959.86
995.79
1046.86
1152.19
1241.16
1290.77
1517.39
1627.50
399.55
413.63
7.17%3.53%Cost of Revenue (-)
$549.00
538.04
598.14
628.89
656.63
301.46
312.87
133.91
150.89
382.39
417.54
250.31
273.74
64.83
73.48
-5.63%13.33%Gross Profit (+)
$159.69
191.33
160.78
189.15
238.00
658.40
682.92
912.95
1001.30
858.77
873.23
1267.08
1353.76
334.71
340.16
19.50%1.63%Selling, General & Administrative (-)
$102.53
98.19
42.24
47.80
59.69
49.76
48.57
46.98
51.53
49.88
57.54
64.14
69.93
17.48
17.81
-3.14%1.89%Depreciation & Amortization (-)
$3.93
4.11
354.97
5.78
6.68
425.64
436.46
435.68
507.92
618.63
619.83
679.57
691.84
172.95
174.17
53.86%0.71%Non-recurring Operating Expenses (-)
$1.34
0.73
Operating Expenses (-)
$56.62
108.78
392.09
62.39
78.41
483.05
494.09
558.23
785.53
691.28
699.02
1041.76
718.76
268.53
277.26
23.59%3.25%Costs & Expenses (Total) (-)
$819.62
794.10
642.01
691.28
735.05
785.24
811.30
692.14
936.42
992.06
1022.80
1292.07
992.49
333.37
350.74
1.61%5.21%Operating Income/Loss (+)
$-110.93
-64.74
116.92
126.76
159.59
174.62
184.49
354.72
221.06
249.10
267.97
250.81
635.01
66.18
79.76
20.51%Non-operating Income/Expense (+)
$-6.35
-16.80
-0.41
-7.01
62.33
54.16
33.23
1.68
153.28
25.12
80.73
-1.99
22.45
10.72
14.95
39.50%Interest Expense (-)
$152.22
139.07
126.08
130.45
121.88
123.03
128.71
134.17
170.92
202.71
186.27
155.90
180.87
43.74
48.06
1.45%9.88%Earnings before Tax (+)
$-117.28
-73.32
-4.96
1.16
101.60
105.75
89.01
222.23
203.42
71.52
162.43
92.93
476.59
33.16
46.65
40.68%Tax Expense (-)
$-5.65
-30.28
-8.28
25.99
-3.89
-3.77
-0.24
0.69
3.84
2.54
1.44
0.35
2.11
0.23
0.34
44.02%Income/Loss (Continuing Operations) (+)
$-111.64
-43.04
2.34
16.26
105.48
109.53
89.25
221.54
199.58
68.97
160.99
92.58
474.49
32.92
46.31
40.65%Income/Loss (Discontinued Operations) (+)
$132.22
263.34
43.94
0.01
Profit/Loss (+)
$20.59
220.30
46.28
159.84
357.16
320.38
132.66
221.54
199.58
68.97
160.99
92.58
474.49
32.92
46.31
29.88%40.65%Net Income/Loss (NCI) (-)
$0.56
8.13
1.47
5.51
16.78
27.66
11.10
18.44
14.61
4.70
10.98
5.66
30.13
1.96
3.16
39.35%61.19%Net Income/Loss (+)
$20.02
212.18
44.81
154.33
340.38
292.72
121.56
203.11
184.97
64.27
150.02
86.92
444.35
30.96
43.15
29.47%39.35%Preferred & Other Distributions (-)
$9.49
8.80
3.72
3.72
3.72
3.72
3.71
3.87
4.10
4.23
4.23
4.41
4.85
1.18
1.23
-5.44%4.06%Net Income/Loss (Common) (+)
$10.54
203.38
41.09
150.61
336.66
289.00
117.85
199.24
180.86
60.04
145.79
82.51
439.50
29.78
41.92
36.46%40.75%EPS (Basic)
$0.05
0.85
0.16
0.60
1.30
1.09
0.44
0.74
0.63
0.20
0.49
0.26
1.34
0.09
0.13
31.53%44.44%EPS (Diluted)
$
0.59
1.29
1.08
0.44
0.74
0.63
0.20
0.48
0.26
1.34
0.09
0.13
44.44%Weighted Avg Shares (Basic)
223.34
238.85
249.97
251.53
258.67
265.39
267.02
268.18
285.25
294.55
300.33
321.67
328.76
328.79
328.82
3.27%0.01%Weighted Avg Shares (Diluted)
238.85
249.97
253.44
263.75
267.31
268.83
269.48
286.01
294.93
301.70
322.70
329.10
329.42
328.95
-0.14%Cash
$12.50
12.12
30.25
37.56
6.74
2.11
2.04
185.22
8.11
1.41
0.97
1.19
2.92
1.17
2.12
-11.41%80.55%Securities & Long-term Investments
$5994.57
6131.15
5999.18
5948.49
6543.40
6692.13
6847.04
6542.00
8470.75
8466.11
9603.71
9807.57
9756.03
9715.72
9584.08
4.14%-1.35%Property, Plant & Equipment (Net)
$
204.22
200.91
197.46
194.08
190.62
193.23
189.73
-1.81%Other Assets
$714.28
745.25
778.29
860.48
1113.70
985.34
884.20
984.51
953.39
969.10
973.08
1035.63
1423.67
1057.58
1414.56
5.92%33.75%Assets (Total)
$6721.35
6888.51
6807.72
6846.53
7663.84
7679.58
7733.27
7711.73
9636.47
9637.53
10775.22
11038.47
11373.24
10967.70
11190.49
4.48%2.03%Accounts Payable
$87.62
102.93
108.03
210.94
209.67
237.42
246.19
233.36
274.06
301.50
340.76
371.78
385.73
321.84
336.42
13.15%4.53%Debt (Non-current)
$3918.37
3409.33
3523.70
3583.11
3570.80
3401.48
3671.66
3547.79
4906.08
5172.14
5412.79
5487.30
5798.71
5576.96
5762.33
3.32%3.32%Other Liabilities
$396.58
382.42
363.48
316.54
982.77
943.72
980.05
1007.80
1067.02
905.30
1547.37
1081.09
1197.45
1147.79
1172.46
9.65%2.15%Liabilities (Total)
$4402.57
3894.68
3995.22
4110.58
4763.23
4582.61
4897.91
4788.95
6247.16
6378.94
7300.92
6940.17
7381.89
7046.59
7271.21
4.40%3.19%AOCI
$-13.90
-11.26
-5.13
-8.86
-12.68
-5.61
-2.68
-0.07
-10.45
-9.14
-4.26
8.34
4.91
6.82
9.23
35.35%Shareholder's Equity
$2318.78
2993.83
2812.50
2735.95
2900.61
3096.97
2835.36
2922.78
3389.31
3258.59
3474.30
4098.30
3991.35
3921.11
3919.28
4.63%-0.05%Liabilities & Equity
$6721.35
6888.51
6807.72
6846.53
7663.84
7679.58
7733.27
7711.73
9636.47
9637.53
10775.22
11038.47
11373.24
10967.70
11190.49
4.48%2.03%Net Income/Loss
$20.59
220.30
46.28
159.84
357.16
320.38
132.66
221.54
199.58
68.97
160.99
92.58
474.49
32.92
46.31
29.88%40.65%Depreciation & Amortization
$393.86
367.40
348.23
381.28
425.64
436.46
435.68
507.92
618.63
619.83
679.57
691.84
172.95
174.17
4.81%0.71%Increase/Decrease in Working Capital
$53.20
5.33
31.83
6.69
13.56
25.07
13.05
-11.11
3.11
46.83
22.01
3.35
36.41
48.40
49.16
-3.11%1.57%Share-based Compensation
$
18.02
13.40
12.86
14.24
24.33
19.62
22.05
27.50
32.90
8.25
7.26
-11.98%Adjustments to Reconcile Net Income
$223.65
97.04
293.62
232.52
74.46
216.55
386.50
339.13
431.13
537.53
502.97
727.49
358.18
135.09
121.29
4.00%-10.22%Net Cash (Operating)
$244.24
317.34
339.90
392.36
431.62
536.93
519.15
560.68
630.70
604.32
663.96
820.07
832.66
168.01
167.60
10.76%-0.25%Capital Expenditure
$306.69
687.33
485.21
805.41
683.06
477.75
595.33
379.47
1673.58
779.25
1701.38
976.60
557.46
103.20
88.85
5.11%-13.91%Net Cash (Investing)
$-1053.18
-209.38
-123.21
-293.66
-238.45
-112.28
-407.44
-113.55
-1686.69
-460.84
-1272.25
-929.53
-289.14
-117.34
18.45
115.72%Increase/Decrease in Debt
$116.11
-604.23
54.88
63.50
-95.09
-249.01
272.17
-119.88
615.52
295.95
241.98
77.33
83.41
90.46
-36.36
-2.72%-140.19%Increase/Decrease in Equity
$870.15
741.96
173.21
279.84
725.32
82.44
899.05
580.52
-25.56
-0.46
Interest Expenses
$168.58
159.50
127.88
131.81
130.24
124.64
126.35
132.47
169.56
172.33
136.98
154.91
184.20
64.71
69.20
0.74%6.94%Dividends Paid
$170.70
223.46
244.89
269.75
297.54
342.33
362.59
378.53
418.72
455.61
471.67
522.26
580.20
134.36
149.91
10.73%11.57%Net Cash (Financing)
$811.96
-108.34
-198.56
-113.72
-201.65
-429.28
-111.78
-260.07
880.38
-152.59
612.54
111.23
-538.85
-51.66
-188.95
-265.76%Cash Taxes Paid
$
0.69
1.66
0.63
1.52
1.03
4.78
1.15
1.91
0.21
-0.05
-124.76%Increase/Decrease in Cash
$3.02
-0.39
18.13
-15.03
-8.48
-4.63
-0.07
187.06
-175.60
-9.12
4.25
1.78
4.67
-0.98
-2.90
3.71%-194.72%Cash (Beginning)
$9.49
12.50
12.12
30.25
15.22
6.74
2.11
21.83
208.89
33.29
24.17
28.42
30.19
30.19
34.87
10.13%15.47%Cash (Ending)
$12.50
12.12
30.25
15.22
6.74
2.11
2.04
208.89
33.29
24.17
28.42
30.19
34.87
29.21
31.97
8.92%9.44%NOPAT
$-110.93
-64.74
116.92
126.76
159.59
174.62
184.49
354.72
221.06
249.10
267.97
250.81
635.01
66.18
79.76
20.51%Gross Margin %
22.53%
26.23%
21.19%
23.12%
26.60%
68.59%
68.58%
87.21%
86.90%
69.19%
67.65%
83.50%
83.18%
83.77%
82.24%
Operating Margin %
-15.65%
-8.88%
15.41%
15.50%
17.84%
18.19%
18.53%
33.88%
19.19%
20.07%
20.76%
16.53%
39.02%
16.56%
19.28%
NOPAT Margin %
-15.65%
-8.88%
15.41%
15.50%
17.84%
18.19%
18.53%
33.88%
19.19%
20.07%
20.76%
16.53%
39.02%
16.56%
19.28%
Net Margin %
2.83%
29.09%
5.90%
18.87%
38.05%
30.50%
12.21%
19.40%
16.05%
5.18%
11.62%
5.73%
27.30%
7.75%
10.43%
ROA
-1.65%
-0.94%
1.72%
1.85%
2.08%
2.27%
2.39%
4.60%
2.29%
2.58%
2.49%
2.27%
5.58%
0.60%
0.71%
ROE
-4.78%
-2.16%
4.16%
4.63%
5.50%
5.64%
6.51%
12.14%
6.52%
7.64%
7.71%
6.12%
15.91%
1.69%
2.04%
Equity Multiplier
2.90
2.30
2.42
2.50
2.64
2.48
2.73
2.64
2.84
2.96
3.10
2.69
2.85
2.80
2.86
Debt/Equity Ratio
1.69
1.14
1.25
1.31
1.23
1.10
1.29
1.21
1.45
1.59
1.56
1.34
1.45
1.42
1.47
Dividend Payout Ratio %
153.88%
345.17%
209.45%
212.80%
186.44%
196.04%
196.53%
106.71%
189.42%
182.90%
176.02%
208.23%
91.37%
203.01%
187.95%
Total Payout
$-646.98
245.23
317.89
338.07
522.87
542.76
216.77
351.05
-752.55
249.54
-532.38
19.32
706.56
109.06
255.46
134.23%Payout Ratio %
-583.23%
378.80%
271.89%
266.69%
327.63%
310.82%
117.50%
98.97%
-340.43%
100.18%
-198.67%
7.70%
111.27%
164.79%
320.29%