UDR, Inc. UDR Income Statement

Udr, inc. (UDR)

Income statement / Yearly

Dec'19	Dec'18	Dec'17	Dec'16	Dec'15	Dec'14	Dec'13	Dec'12	Dec'11	Dec'10	Dec'09	Dec'08
REVENUES:
Rental income
1,138,138	1,035,105	984,309	948,461	871,928	805,002	746,484	704,701	613,689	512,550	491,655	536,045
Joint venture management and other fees
14,055	11,754	11,482	11,400	22,710	13,044	12,442	11,911	9,668	12,502	14,274	27,190
Rental income
-	-	-	-	894,638	-	-	-	-	-	-	-
Management Fees Revenue
-	-	-	-	-	-	-	-	9,600	-	-	-
Other debt charges/(gains)
-	-	-	-	-	-	-	-	-	-	-3,511	-
Total revenues
1,152,193	1,046,859	995,791	959,861	-	818,046	758,926	716,612	623,357	525,052	505,929	563,235
Property operating and maintenance
178,947	169,078	164,660	159,947	155,096	149,428	144,319	139,784	127,091	-	-	-
Prepayment penalty on debt restructure
-	-	-	-	-	-	-	-	-	-	-	-4,201
Real estate taxes and insurance
150,888	133,912	121,146	115,429	102,963	99,175	93,765	86,154	75,007	62,726	60,830	63,660
Property management
32,721	28,465	27,068	26,083	23,978	22,138	20,528	19,378	16,875	14,095	13,521	14,742
Personnel
-	-	-	-	-	-	-	-	-	44,795	40,982	46,700
Utilities
-	-	-	-	-	-	-	-	-	28,117	26,326	28,041
Repair and maintenance
-	-	-	-	-	-	-	-	-	27,907	25,179	29,005
Administrative and marketing
-	-	-	-	-	-	-	-	-	11,963	10,918	14,104
Other operating expenses
13,932	12,100	9,060	7,649	9,708	8,271	7,136	5,718	6,118	5,773	6,315	4,563
Real estate depreciation and amortization
501,257	429,006	430,054	419,615	374,598	358,154	339,532	341,926	324,630	245,588	227,513	239,678
Depreciation, Depletion and Amortization
-	-	-	-	-	-	-	-	374,274	-	-	-
General and administrative
51,533	46,983	48,566	49,761	59,690	47,800	42,238	43,792	47,257	45,243	39,035	38,776
Casualty-related charges/(recoveries), net
474	2,121	4,335	732	2,335	541	12,253	-8,495	-	-	-	-
Other depreciation and amortization
6,666	6,673	6,408	6,023	6,679	5,775	6,741	4,105	3,931	4,843	5,161	4,866
Amortization of convertible debt discount
-	-	-	-	-	-	-	-	-	3,530	4,283	6,598
Other debt charges/(benefits), net
-	-	-	-	-	-	-	-	-	-1,204	-	26,306
Hurricane-related charges, net
-	-	-	-	-	-	-	-	0	0	-	-
Insurance Recoveries
-	-	-	-	-	-	-	-	0	-	-	-
Severance costs and other restructuring charges
-	-	-	-	-	-	-	-	-	6,803	-	653
Total operating expenses
936,418	828,338	811,297	785,239	735,047	691,282	642,006	649,352	600,909	641,311	591,866	622,556
Gain/(loss) on sale of real estate owned
5,282	136,197	43,404	226,199	-	-	-	-	-	-	-	-
Operating income
221,057	354,718	227,898	400,821	159,591	126,764	116,920	67,260	22,448	-116,259	-85,937	-59,321
Income/(loss) from unconsolidated entities
137,873	-5,055	31,257	52,234	62,329	-7,006	-415	-8,579	-6,352	-4,204	-18,665	-3,612
Interest
Interest expense
170,917	134,168	128,711	123,031	121,875	130,454	126,083	138,792	156,366	138,724	135,314	153,275
Interest income and other income/(expense), net
15,404	6,735	1,971	1,930	1,551	11,858	4,619	3,524	7,754	-	-	-
Income/(loss) before income taxes
203,417	222,230	132,415	331,954	101,596	1,162	-4,959	-76,587	-132,516	-	-	-
(Premium)/discount on preferred stock repurchases, net
-	-	-	-	-	-	-	-	-	-	2,586	-
Tax (provision)/benefit, net
3,800	700	-240	11,574	-3,886	-15,136	-8,281	-21,076	7,571	-2,533	311	-
Income/(loss) from continuing operations
-	-	-	-	105,482	16,260	2,340	-46,305	-126,869	-117,930	-104,913	-62,933
Income/(loss) from discontinued operations, net of tax
-	-	-	-	-	10	43,942	266,608	147,454	11,342	13,290	806,800
Income/(loss) from continuing operations
-	-	-	-	-	16,270	46,282	220,303	-	-	-	-
Gain/(loss) on sale of real estate owned, net of tax
-	-	-	-	251,677	143,572	0	0	-	-	-	-
Net income/(loss)
199,579	221,542	132,655	320,380	357,159	159,842	46,282	220,303	20,585	-106,588	-91,623	743,867
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership
14,426	18,215	10,933	27,282	16,773	5,511	1,530	7,986	395	-3,835	-4,282	45,875
Net (income)/loss attributable to noncontrolling interests
200	200	200	380	3	-3	-60	140	167	146	191	-
Net Income (Loss) Attributable to Noncontrolling Interest, Other
-	-	-	-	-	-	-	-	-	-	-	-202
Net income/(loss) attributable to UDR, Inc.
184,965	203,106	121,558	292,718	340,383	154,334	44,812	212,177	20,023	-102,899	-87,532	697,790
Distributions to preferred stockholders - Series E (Convertible)
4,104	3,868	3,708	3,717	3,722	3,724	3,724	-	-	-	-	-
Premium on preferred stock redemption or repurchases, net
-	-	-	-	-	-	-	2,791	175	-25	-	3,056
Net income/(loss) attributable to common stockholders
180,861	199,238	117,850	289,001	336,661	150,610	41,088	203,376	10,537	-112,362	-95,858	688,708
Common distributions declared per share
-	-	-	-	-	-	-	-	-	-	0.85	2.29
Income/(loss) from continuing operations attributable to common stockholders
-	-	-	-	-	-	-0.01	-0.22	-0.65	-0.75	-0.73	-0.91
Income/(loss) from discontinued operations attributable to common stockholders
-	-	-	-	-	-	0.17	1.07	0.71	0.07	0.09	6.20
Income/(loss) per weighted average common share - basic
0.63	0.74	0.44	1.09	1.30	0.60	0.16	0.85	-	-	-	5.29
Income/(loss) from continuing operations attributable to common stockholders
-	-	-	-	-	-	-0.01	-0.22	-	-	-	-0.91
Income/(loss) from discontinued operations attributable to common stockholders
-	-	-	-	-	-	0.17	1.07	-	-	-	6.20
Income/(loss) per weighted average common share - diluted
0.63	0.74	0.44	1.08	1.29	0.59	0.16	0.85	-	-	-	5.29
Weighted average number of common shares outstanding:
Weighted average number of common shares outstanding - Basic
285,247	268,179	267,024	265,386	258,669	251,528	249,969	238,851	-	-	-	130,219
Weighted average number of common shares outstanding - diluted
286,015	269,483	268,830	267,311	263,752	253,445	249,969	238,851	-	-	-	130,219
Net (loss)/income attributable to common stockholders
-	-	-	-	-	-	-	-	0.05	-0.68	-0.64	-
Weighted average number of common shares outstanding basic and diluted
-	-	-	-	-	-	-	-	201,294	165,857	149,090	-