Last 7 days
6.1%
Last 30 days
-1.4%
Last 90 days
6.0%
Trailing 12 Months
-26.7%
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PSA | 53.0B | 4.2B | 2.18% | -18.90% | 12.18 | 12.66 | 22.43% | 122.66% |
DLR | 28.6B | 4.7B | -1.36% | -27.66% | 75.78 | 6.1 | 5.96% | -77.90% |
EQR | 22.7B | 2.7B | -1.54% | -32.08% | 29.23 | 8.37 | 11.91% | -41.71% |
ARE | 21.4B | 2.6B | -12.12% | -36.55% | 41.11 | 8.28 | 22.46% | -8.68% |
KIM | 13.2B | 1.7B | -4.07% | -25.83% | 104.43 | 7.61 | 26.61% | -85.07% |
MID-CAP | ||||||||
FRT | 8.0B | 1.1B | -7.32% | -17.18% | 20.85 | 7.48 | 12.95% | 47.42% |
KRG | 4.6B | 802.0M | -3.51% | -5.01% | -362.88 | 5.72 | 114.83% | 84.36% |
VNO | 2.9B | 1.8B | -21.50% | -64.10% | -8.51 | 1.64 | 13.26% | -296.88% |
MAC | 2.3B | 859.2M | -11.59% | -29.47% | -34.53 | 2.66 | 1.38% | -563.21% |
SMALL-CAP | ||||||||
SKT | 2.0B | 421.4M | 4.75% | 18.56% | 24.12 | 4.86 | 3.35% | 1705.32% |
SLG | 1.5B | 826.7M | -29.95% | -68.39% | -19.71 | 1.86 | -2.04% | -117.36% |
AIV | 1.1B | 190.3M | 3.36% | 5.05% | 12.23 | 5.92 | 12.08% | 1950.56% |
PGRE | 987.5M | 740.4M | -12.31% | -57.77% | -27.13 | 1.33 | 1.87% | -78.85% |
Income Statement (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Revenue | 3.5% | 1,517 | 1,466 | 1,404 | 1,347 | 1,291 |
S&GA Expenses | 4.8% | 64.00 | 61.00 | 61.00 | 60.00 | 58.00 |
Costs and Expenses | 2.1% | 1,292 | 1,266 | 1,234 | 1,191 | 1,159 |
EBITDA | -6.9% | 928 | 997 | 974 | 957 | - |
EBITDA Margin | -10.1% | 0.61* | 0.68* | 0.69* | 0.71* | - |
Earnings Before Taxes | -46.1% | 93.00 | 172 | 166 | 173 | 162 |
EBT Margin | -47.9% | 0.06* | 0.12* | 0.12* | 0.13* | - |
Interest Expenses | 4.6% | 156 | 149 | 145 | 144 | 186 |
Net Income | -45.6% | 87.00 | 160 | 154 | 161 | 150 |
Net Income Margin | -47.5% | 0.06* | 0.11* | 0.11* | 0.12* | - |
Free Cahsflow | 4.7% | 820 | 783 | 732 | 701 | - |
Balance Sheet | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Assets | -0.5% | 11,038 | 11,098 | 10,997 | 10,685 | 10,775 |
Cash Equivalents | -22.1% | 1.00 | 2.00 | 1.00 | 1.00 | 1.00 |
Liabilities | -2.0% | 6,100 | 6,227 | 6,114 | 6,030 | 6,001 |
Long Term Debt | 2.0% | 5,626 | 5,517 | 5,479 | 5,413 | - |
Shareholder's Equity | 3.7% | 4,098 | 3,951 | 3,870 | 3,393 | 3,443 |
Additional Paid-In Capital | 2.2% | 7,493 | 7,332 | 7,244 | 6,892 | 6,884 |
Shares Outstanding | 0.8% | 329 | 326 | 325 | 318 | 318 |
Minority Interest | 0% | 0.00 | 0.00 | 0.00 | 0.00 | 31.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||
---|---|---|---|---|---|---|
Description | (%) Q/Q | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 |
Cashflow From Operations | 4.7% | 820 | 783 | 732 | 701 | 664 |
Share Based Compensation | 9.9% | 28.00 | 25.00 | 25.00 | 24.00 | 22.00 |
Cashflow From Investing | 21.9% | -929 | -1,189 | -1,532 | -1,400 | -1,272 |
Cashflow From Financing | -72.7% | 111 | 407 | 793 | 691 | 613 |
Dividend Payments | 2.5% | 484 | 472 | 456 | 442 | 434 |
Buy Backs | -19.1% | 49.00 | 61.00 | - | - | - |
41.9%
29.2%
0%
Y-axis is the maximum loss one would have experienced if UDR was unfortunately bought at previous high price.
9.0%
4.4%
6.4%
7.6%
FIve years rolling returns for UDR.
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-03-27 | Neo Ivy Capital Management | new | - | 214,000 | 214,000 | 0.14% |
2023-03-23 | MetLife Investment Management, LLC | reduced | -1.43 | -287,827 | 3,109,240 | 0.03% |
2023-03-23 | ETF MANAGERS GROUP, LLC | added | 4.48 | -14,900 | 486,100 | 0.02% |
2023-03-17 | American Portfolios Advisors | reduced | -68.49 | -4,803 | 1,919 | -% |
2023-03-10 | VICTORY CAPITAL MANAGEMENT INC | added | 0.7 | -314,582 | 4,521,420 | -% |
2023-03-07 | Investure, LLC | unchanged | - | -1,227,490 | 15,953,300 | 3.12% |
2023-03-06 | Rockefeller Capital Management L.P. | reduced | -38.78 | -101,000 | 131,000 | -% |
2023-02-28 | Voya Investment Management LLC | reduced | -83.84 | -24,217,200 | 4,274,780 | 0.01% |
2023-02-24 | NATIXIS | sold off | -100 | -1,835,000 | - | -% |
2023-02-24 | National Pension Service | added | 13.32 | 1,309,490 | 20,457,500 | 0.04% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Feb 14, 2023 | norges bank | 7.27% | 23,662,326 | SC 13G/A | |
Feb 14, 2023 | cohen & steers, inc. | 9.72% | 31,654,813 | SC 13G/A | |
Feb 09, 2023 | vanguard group inc | 16.18% | 52,667,742 | SC 13G/A | |
Jan 31, 2023 | state street corp | 6.35% | 20,668,054 | SC 13G/A | |
Jan 23, 2023 | blackrock inc. | 10.6% | 34,436,114 | SC 13G/A | |
Feb 14, 2022 | cohen & steers, inc. | 14.03% | 43,378,707 | SC 13G/A | |
Feb 14, 2022 | state street corp | 5.99% | 18,511,451 | SC 13G/A | |
Feb 10, 2022 | vanguard group inc | 15.61% | 48,274,114 | SC 13G/A | |
Feb 08, 2022 | norges bank | 5.88% | 18,129,085 | SC 13G/A | |
Jan 27, 2022 | blackrock inc. | 11.2% | 34,773,820 | SC 13G/A |
Fair Value | Very Pessimistic | Pessimistic | Base Case | Optimistic | Very Optimistic |
---|---|---|---|---|---|
Very Low Inflation | 9.58 -76.67% | 10.99 -73.23% | 13.79 -66.42% | 17.34 -57.77% | 20.60 -49.83% |
Current Inflation | 9.01 -78.06% | 10.19 -75.18% | 12.54 -69.46% | 15.49 -62.27% | 18.19 -55.70% |
Very High Inflation | 8.32 -79.74% | 9.24 -77.50% | 11.06 -73.06% | 13.36 -67.46% | 15.45 -62.37% |
Date Filed | Form Type | Document | |
---|---|---|---|
Mar 16, 2023 | 4 | Insider Trading | |
Mar 03, 2023 | 5 | Insider Trading | |
Feb 22, 2023 | 4 | Insider Trading | |
Feb 17, 2023 | 8-K | Current Report | |
Feb 16, 2023 | 4 | Insider Trading | |
Feb 16, 2023 | 4 | Insider Trading | |
Feb 14, 2023 | 4 | Insider Trading | |
Feb 14, 2023 | SC 13G/A | Major Ownership Report | |
Feb 14, 2023 | SC 13G/A | Major Ownership Report | |
Feb 14, 2023 | S-3ASR | S-3ASR |
Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
---|---|---|---|---|---|---|
2023-02-21 | Lacy Michael D | sold (taxes) | -22,889 | 43.85 | -522 | svp-property operations |
2023-02-15 | Lacy Michael D | sold (taxes) | -11,345 | 45.02 | -252 | svp-property operations |
2023-02-15 | Hofmeister Tracy L | sold (taxes) | -5,222 | 45.02 | -116 | svp - chief accounting officer |
2023-02-09 | Lacy Michael D | sold (taxes) | -54,065 | 43.92 | -1,231 | svp-property operations |
2023-02-09 | Lacy Michael D | acquired | - | - | 3,520 | svp-property operations |
2023-02-09 | Hofmeister Tracy L | acquired | - | - | 912 | svp - chief accounting officer |
2023-02-09 | Hofmeister Tracy L | sold (taxes) | -8,784 | 43.92 | -200 | svp - chief accounting officer |
2023-02-06 | Fisher Joseph D | sold (taxes) | -30,309 | 42.69 | -710 | president-cfo |
2023-02-06 | ALCOCK HARRY G | sold (taxes) | -57,973 | 42.69 | -1,358 | svp-chief investment officer |
2023-01-03 | MCNAMARA ROBERT A | acquired | 99,986 | 38.59 | 2,591 | - |
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended | ||
---|---|---|---|---|
Sep. 30, 2022 | Sep. 30, 2021 | Sep. 30, 2022 | Sep. 30, 2021 | |
REVENUES: | ||||
Rental income | $ 390,023 | $ 328,699 | $ 1,113,952 | $ 937,641 |
Joint venture management and other fees | $ 1,274 | $ 1,071 | $ 3,778 | $ 4,918 |
Type of revenue | udr:ManagementAndOtherFeesMember | udr:ManagementAndOtherFeesMember | udr:ManagementAndOtherFeesMember | udr:ManagementAndOtherFeesMember |
Total revenues | $ 391,297 | $ 329,770 | $ 1,117,730 | $ 942,559 |
OPERATING EXPENSES: | ||||
Property operating and maintenance | 66,769 | 57,708 | 185,658 | 160,424 |
Real estate taxes and insurance | 58,236 | 51,511 | 164,788 | 148,043 |
Property management | 12,675 | 9,861 | 36,203 | 28,129 |
Other operating expenses | 3,746 | 4,237 | 13,485 | 13,045 |
Real estate depreciation and amortization | 166,781 | 152,636 | 497,987 | 442,893 |
General and administrative | 15,840 | 15,810 | 47,333 | 43,673 |
Casualty-related charges/(recoveries), net | 901 | 1,568 | 1,210 | 4,682 |
Other depreciation and amortization | 3,430 | 3,269 | 9,521 | 8,472 |
Total operating expenses | 328,378 | 296,600 | 956,185 | 849,361 |
Gain/(loss) on sale of real estate owned | 0 | 0 | 0 | 50,829 |
Operating income | 62,919 | 33,170 | 161,545 | 144,027 |
Income/(loss) from unconsolidated entities | 10,003 | 14,450 | 4,186 | 29,123 |
Interest expense | (39,905) | (36,289) | (112,653) | (149,849) |
Interest income and other income/(expense), net | (7,495) | 8,238 | (6,934) | 12,831 |
Income/(loss) before income taxes | 25,522 | 19,569 | 46,144 | 36,132 |
Tax (provision)/benefit, net | (377) | (529) | (1,032) | (1,283) |
Net income/(loss) | 25,145 | 19,040 | 45,112 | 34,849 |
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership | (1,533) | (1,260) | (2,684) | (2,221) |
Net (income)/loss attributable to noncontrolling interests | (7) | (49) | (34) | (73) |
Net income/(loss) attributable to UDR, Inc. | 23,605 | 17,731 | 42,394 | 32,555 |
Distributions to preferred stockholders - Series E (Convertible) | (1,106) | (1,058) | (3,307) | (3,171) |
Net income/(loss) attributable to common stockholders | $ 22,499 | $ 16,673 | $ 39,087 | $ 29,384 |
Income/(loss) per weighted average common share - basic | $ 0.07 | $ 0.06 | $ 0.12 | $ 0.10 |
Income/(loss) per weighted average common share - diluted | $ 0.07 | $ 0.06 | $ 0.12 | $ 0.10 |
Weighted average number of common shares outstanding - basic | 324,701 | 297,828 | 320,378 | 296,998 |
Weighted average number of common shares outstanding - diluted | 325,686 | 301,164 | 321,629 | 298,045 |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Sep. 30, 2022 | Dec. 31, 2021 |
---|---|---|
Real estate owned: | ||
Real estate held for investment | $ 15,075,552 | $ 14,352,234 |
Less: accumulated depreciation | (5,594,600) | (5,136,589) |
Real estate held for investment, net | 9,480,952 | 9,215,645 |
Real estate under development (net of accumulated depreciation of $2,265 and $507, respectively) | 366,200 | 388,062 |
Real estate held for disposition (net of accumulated depreciation of $8,944 and $0, respectively) | 15,019 | |
Total real estate owned, net of accumulated depreciation | 9,862,171 | 9,603,707 |
Cash and cash equivalents | 1,532 | 967 |
Restricted cash | 28,363 | 27,451 |
Notes receivable, net | 40,128 | 26,860 |
Investment in and advances to unconsolidated joint ventures, net | 761,117 | 702,461 |
Operating lease right-of-use assets | 194,923 | 197,463 |
Other assets | 209,728 | 216,311 |
Total assets | 11,097,962 | 10,775,220 |
Liabilities: | ||
Secured debt, net | 1,053,560 | 1,057,380 |
Unsecured debt, net | 4,572,802 | 4,355,407 |
Operating lease liabilities | 190,064 | 192,488 |
Real estate taxes payable | 61,210 | 33,095 |
Accrued interest payable | 26,109 | 45,980 |
Security deposits and prepaid rent | 53,693 | 55,441 |
Distributions payable | 133,341 | 124,729 |
Accounts payable, accrued expenses, and other liabilities | 135,904 | 136,954 |
Total liabilities | 6,226,683 | 6,001,474 |
Commitments and contingencies (Note 13) | ||
Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership | 920,311 | 1,299,442 |
Equity: | ||
Common stock, $0.01 par value; 450,000,000 shares authorized at September 30, 2022 and December 31, 2021: 326,352,154 and 318,149,635 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively | 3,264 | 3,181 |
Additional paid-in capital | 7,332,127 | 6,884,269 |
Distributions in excess of net income | (3,438,027) | (3,485,080) |
Accumulated other comprehensive income/(loss), net | 8,779 | (4,261) |
Total stockholders' equity | 3,950,758 | 3,442,874 |
Noncontrolling interests | 210 | 31,430 |
Total equity | 3,950,968 | 3,474,304 |
Total liabilities and equity | 11,097,962 | 10,775,220 |
8.00% Series E Cumulative Convertible Preferred Stock | ||
Equity: | ||
Preferred stock, no par value; 50,000,000 shares authorized at September 30, 2022 and December 31, 2021: | 44,614 | 44,764 |
Series F | ||
Equity: | ||
Preferred stock, no par value; 50,000,000 shares authorized at September 30, 2022 and December 31, 2021: | $ 1 | $ 1 |