Last 7 days
-5.6%
Last 30 days
-8.8%
Last 90 days
-15.3%
Trailing 12 Months
-11.8%
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 | - |
Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
---|---|---|---|---|---|---|
2023-09-20 | BARCLAYS PLC | added | 51.28 | 8,171,000 | 22,195,000 | 0.01% |
2023-09-12 | Farther Finance Advisors, LLC | added | 11.67 | 414 | 2,878 | -% |
2023-08-28 | DT Investment Partners, LLC | unchanged | - | -162 | 9,072 | -% |
2023-08-24 | Alberta Investment Management Corp | unchanged | - | 12,730 | 287,832 | -% |
2023-08-23 | WOLVERINE TRADING, LLC | added | 21.8 | 191,705 | 812,705 | -% |
2023-08-22 | VIRGINIA RETIREMENT SYSTEMS ET AL | added | 62.68 | 919,829 | 2,230,050 | 0.02% |
2023-08-21 | OSAIC HOLDINGS, INC. | reduced | -13.78 | -35,879 | 330,747 | -% |
2023-08-21 | TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | reduced | -1.06 | 41,000 | 1,187,000 | 0.01% |
2023-08-21 | CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM | reduced | -5.43 | -230,518 | 21,721,300 | 0.03% |
2023-08-16 | National Pension Service | reduced | -0.26 | 1,457,170 | 21,563,700 | 0.04% |
Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
---|---|---|---|---|---|
Apr 10, 2023 | cohen & steers, inc. | 10.43% | 34,336,156 | SC 13G/A | |
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 |
Date Filed | Form Type | Document | |
---|---|---|---|
Sep 11, 2023 | 8-K | Current Report | |
Jul 28, 2023 | 4 | Insider Trading | |
Jul 27, 2023 | 10-Q | Quarterly Report | |
Jul 26, 2023 | 8-K | Current Report |
Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
---|---|---|---|---|---|---|---|---|
LARGE-CAP | ||||||||
PSA | 48.1B | 4.4B | -0.64% | -17.74% | 11.24 | 10.95 | 14.80% | 87.79% |
DLR | 35.9B | 5.1B | -4.87% | 20.41% | 83.79 | 6.99 | 13.73% | -68.04% |
EQR | 22.2B | 2.0B | -8.85% | -11.54% | 26.67 | 11.02 | -22.97% | -33.54% |
ARE | 20.0B | 2.7B | -14.60% | -28.78% | 26.64 | 7.46 | 15.16% | 88.51% |
KIM | 10.8B | 1.8B | -6.99% | -3.33% | 26.72 | 6.15 | 6.75% | -42.80% |
MID-CAP | ||||||||
FRT | 7.4B | 1.1B | -7.33% | 2.70% | 19.01 | 6.66 | 8.31% | 38.10% |
KRG | 4.6B | 820.5M | -2.66% | 26.63% | 165.56 | 5.67 | 29.95% | 125.56% |
VNO | 4.1B | 1.8B | -1.86% | -5.15% | -11.07 | 2.26 | 5.60% | -286.96% |
MAC | 2.4B | 866.2M | -0.63% | 43.93% | -27.13 | 2.73 | 0.51% | -335.26% |
SMALL-CAP | ||||||||
SKT | 2.4B | 426.3M | -0.58% | 66.41% | 24.86 | 5.52 | 1.38% | 137.97% |
SLG | 2.3B | 882.0M | -0.74% | -1.41% | -5.19 | 2.6 | 11.76% | -239.94% |
PGRE | 988.7M | 732.3M | -5.41% | -26.08% | -11.6 | 1.35 | -0.03% | -4012.90% |
AIV | 971.6M | 339.3M | -13.11% | -8.40% | -5.5 | 2.86 | 88.48% | -168.70% |
7.5%
2.8%
0.8%
6.2%
50.8%
30%
0%
Y-axis is the maximum loss one would have experienced if UDR was unfortunately bought at previous high price.
Income Statement (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Revenue | 2.3% | 1,595 | 1,560 | 1,517 | 1,466 | 1,404 | 1,347 | 1,291 | 1,245 | 1,225 | 1,221 | 1,241 | 1,244 | 1,229 | 1,203 | 1,152 | 1,115 | 1,086 | 1,064 | 1,047 | 1,032 | 1,017 |
Costs and Expenses | 1.2% | 1,332 | 1,316 | 1,292 | 1,266 | 1,234 | 1,191 | 1,159 | 1,121 | 1,105 | 1,106 | 1,111 | 1,099 | 1,056 | 1,001 | 936 | 884 | 858 | 841 | 828 | 827 | 821 |
S&GA Expenses | -0.2% | 67.00 | 67.00 | 64.00 | 61.00 | 61.00 | 60.00 | 58.00 | 56.00 | 52.00 | 48.00 | 50.00 | 52.00 | 53.00 | 54.00 | 52.00 | 48.00 | 48.00 | 48.00 | 47.00 | 48.00 | 48.00 |
EBITDA | -100.0% | - | 961 | 928 | 997 | 974 | 957 | 969 | 877 | 857 | 919 | 893 | 964 | 975 | 908 | 882 | - | - | - | - | - | - |
EBITDA Margin | -100.0% | - | 0.62* | 0.61* | 0.68* | 0.69* | 0.71* | 0.75* | 0.70* | 0.70* | 0.75* | 0.72* | 0.77* | 0.79* | 0.76* | 0.77* | - | - | - | - | - | - |
Interest Expenses | 5.1% | 172 | 164 | 156 | 149 | 145 | 144 | 186 | 212 | 238 | 242 | 203 | 201 | 181 | 177 | 171 | 149 | 141 | 138 | 134 | 130 | 126 |
Earnings Before Taxes | 329.2% | 477 | 111 | 93.00 | 172 | 166 | 173 | 162 | 65.00 | 19.00 | 70.00 | 72.00 | 148 | 205 | 180 | 203 | 188 | 177 | 162 | 222 | 209 | 207 |
EBT Margin | -100.0% | - | 0.07* | 0.06* | 0.12* | 0.12* | 0.13* | 0.13* | 0.05* | 0.02* | 0.06* | 0.06* | 0.12* | 0.17* | 0.15* | 0.18* | - | - | - | - | - | - |
Net Income | 328.7% | 447 | 104 | 87.00 | 160 | 154 | 161 | 150 | 59.00 | 16.00 | 62.00 | 64.00 | 143 | 195 | 173 | 193 | 177 | 170 | 157 | 222 | 208 | 205 |
Net Income Margin | -100.0% | - | 0.07* | 0.06* | 0.11* | 0.11* | 0.12* | 0.12* | 0.05* | 0.01* | 0.05* | 0.05* | 0.11* | 0.16* | 0.14* | 0.17* | - | - | - | - | - | - |
Free Cashflow | -100.0% | - | 827 | 820 | 783 | 732 | 701 | 664 | 631 | 617 | 592 | 604 | 630 | 661 | 629 | 631 | - | - | - | - | - | - |
Balance Sheet | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Assets | 1.1% | 11,086 | 10,968 | 11,038 | 11,098 | 10,997 | 10,685 | 10,775 | 10,401 | 9,919 | 9,567 | 9,638 | 9,551 | 9,564 | 9,691 | 9,636 | 8,698 | 8,197 | 7,956 | 7,712 | 7,679 | 7,707 |
Cash Equivalents | 31.7% | 2.00 | 1.00 | 1.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 3.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 8.00 | 2.00 | 1.00 | 1.00 | 185 | 1.00 | 1.00 |
Liabilities | -1.9% | 6,030 | 6,145 | 6,100 | 6,227 | 6,114 | 6,030 | 6,001 | 6,084 | 6,010 | 5,560 | 5,523 | 5,458 | 5,315 | 5,394 | 5,228 | 4,354 | 4,229 | 3,942 | 3,816 | 4,079 | 4,016 |
Shareholder's Equity | 5.1% | 4,120 | 3,921 | 4,098 | 3,951 | 3,870 | 3,393 | 3,474 | 3,124 | 2,805 | 3,016 | 3,259 | 3,333 | 3,415 | 3,478 | 3,389 | 3,272 | 2,968 | 2,962 | 2,923 | 2,607 | 2,769 |
Additional Paid-In Capital | 0.2% | 7,509 | 7,494 | 7,493 | 7,332 | 7,244 | 6,892 | 6,884 | 6,391 | 5,888 | 5,886 | 5,881 | 5,776 | 5,794 | 5,788 | 5,782 | 5,703 | 5,245 | 5,184 | 4,921 | 4,620 | 4,639 |
Shares Outstanding | 0.1% | 329 | 329 | 329 | 326 | 318 | 318 | 318 | 298 | 297 | 297 | 297 | 295 | 295 | 294 | 295 | 289 | 282 | 277 | 276 | 268 | 267 |
Minority Interest | 0% | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 31.00 | 27.00 | 21.00 | 15.00 | 24.00 | 21.00 | 18.00 | 14.00 | 31.00 | 25.00 | 19.00 | 13.00 | 17.00 | 14.00 | 11.00 |
Cashflow (Last 12 Months) | (In Millions) | |||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Description | (%) Q/Q | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 | 2019Q3 | 2019Q2 | 2019Q1 | 2018Q4 | 2018Q3 | 2018Q2 |
Cashflow From Operations | 0.6% | 832 | 827 | 820 | 783 | 732 | 701 | 664 | 631 | 617 | 592 | 604 | 630 | 661 | 629 | 631 | 611 | 592 | 566 | 561 | 536 | 534 |
Share Based Compensation | -0.1% | 29.00 | 29.00 | 28.00 | 25.00 | 25.00 | 24.00 | 22.00 | 22.00 | 20.00 | 18.00 | 20.00 | 26.00 | 25.00 | 25.00 | 24.00 | 17.00 | 17.00 | 17.00 | 14.00 | 13.00 | 13.00 |
Cashflow From Investing | 56.8% | -415 | -960 | -929 | -1,189 | -1,532 | -1,400 | -1,272 | -1,089 | -613 | -205 | -460 | -596 | -1,042 | -1,440 | -1,686 | -1,293 | -808 | -548 | -113 | -227 | -235 |
Cashflow From Financing | -406.9% | -415 | 135 | 111 | 407 | 793 | 691 | 613 | 464 | 9.00 | -375 | -152 | -33.15 | 380 | 811 | 880 | 678 | 209 | -13.74 | -260 | -303 | -288 |
Dividend Payments | 3.5% | 511 | 493 | 484 | 472 | 456 | 442 | 434 | 428 | 427 | 425 | 419 | 414 | 405 | 395 | 383 | 369 | 358 | 348 | 342 | 339 | 335 |
Buy Backs | - | - | - | 49.00 | 61.00 | - | - | - | - | - | - | 20.00 | 79.00 | - | - | - | - | - | - | 20.00 | 27.00 | 40.00 |
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
---|---|---|---|---|
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
REVENUES: | ||||
Rental income | $ 403,098 | $ 367,748 | $ 801,405 | $ 723,929 |
Joint venture management and other fees | $ 1,450 | $ 1,419 | $ 2,692 | $ 2,504 |
Type of revenue | udr:ManagementAndOtherFeesMember | udr:ManagementAndOtherFeesMember | udr:ManagementAndOtherFeesMember | udr:ManagementAndOtherFeesMember |
Total revenues | $ 404,548 | $ 369,167 | $ 804,097 | $ 726,433 |
OPERATING EXPENSES: | ||||
Property operating and maintenance | 68,861 | 60,405 | 133,695 | 118,889 |
Real estate taxes and insurance | 57,516 | 52,788 | 115,486 | 106,552 |
Property management | 13,101 | 11,952 | 26,046 | 23,528 |
Other operating expenses | 4,259 | 5,027 | 7,291 | 9,739 |
Real estate depreciation and amortization | 168,925 | 167,584 | 338,225 | 331,206 |
General and administrative | 16,452 | 16,585 | 33,932 | 31,493 |
Casualty-related charges/(recoveries), net | 1,134 | 1,074 | 5,290 | 309 |
Other depreciation and amortization | 3,681 | 3,016 | 7,330 | 6,091 |
Total operating expenses | 333,929 | 318,431 | 667,295 | 627,807 |
Gain/(loss) on sale of real estate owned | 325,884 | 0 | 325,885 | 0 |
Operating income | 396,503 | 50,736 | 462,687 | 98,626 |
Income/(loss) from unconsolidated entities | 9,697 | (11,229) | 19,404 | (5,817) |
Interest expense | (45,113) | (36,832) | (88,855) | (72,748) |
Interest income and other income/(expense), net | 10,447 | 3,001 | 11,457 | 561 |
Income/(loss) before income taxes | 371,534 | 5,676 | 404,693 | 20,622 |
Tax (provision)/benefit, net | (1,351) | (312) | (1,585) | (655) |
Net income/(loss) | 370,183 | 5,364 | 403,108 | 19,967 |
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership | (22,630) | (272) | (24,583) | (1,151) |
Net (income)/loss attributable to noncontrolling interests | (8) | (8) | (16) | (27) |
Net income/(loss) attributable to UDR, Inc. | 347,545 | 5,084 | 378,509 | 18,789 |
Distributions to preferred stockholders - Series E (Convertible) | (1,222) | (1,109) | (2,405) | (2,201) |
Net income/(loss) attributable to common stockholders | $ 346,323 | $ 3,975 | $ 376,104 | $ 16,588 |
Income/(loss) per weighted average common share - basic | $ 1.05 | $ 0.01 | $ 1.14 | $ 0.05 |
Income/(loss) per weighted average common share - diluted | $ 1.05 | $ 0.01 | $ 1.14 | $ 0.05 |
Weighted average number of common shares outstanding - basic | 328,957 | 318,351 | 328,871 | 318,181 |
Weighted average number of common shares outstanding - diluted | 332,480 | 319,572 | 332,412 | 319,592 |
CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
---|---|---|
Real estate owned: | ||
Real estate held for investment | $ 15,340,416 | $ 15,365,928 |
Less: accumulated depreciation | (5,951,557) | (5,762,205) |
Real estate held for investment, net | 9,388,859 | 9,603,723 |
Real estate under development (net of accumulated depreciation of $0 and $296, respectively) | 108,432 | 189,809 |
Real estate held for disposition (net of accumulated depreciation of $0 and $0, respectively) | 14,039 | |
Total real estate owned, net of accumulated depreciation | 9,497,291 | 9,807,571 |
Cash and cash equivalents | 1,544 | 1,193 |
Restricted cash | 28,837 | 29,001 |
Notes receivable, net | 183,629 | 54,707 |
Investment in and advances to unconsolidated joint ventures, net | 963,253 | 754,446 |
Operating lease right-of-use assets | 192,369 | 194,081 |
Other assets | 218,782 | 197,471 |
Total assets | 11,085,705 | 11,038,470 |
Liabilities: | ||
Secured debt, net | 1,049,715 | 1,052,281 |
Unsecured debt, net | 4,377,497 | 4,435,022 |
Operating lease liabilities | 187,556 | 189,238 |
Real estate taxes payable | 38,945 | 37,681 |
Accrued interest payable | 46,729 | 46,671 |
Security deposits and prepaid rent | 56,690 | 51,999 |
Distributions payable | 148,403 | 134,213 |
Accounts payable, accrued expenses, and other liabilities | 124,454 | 153,220 |
Total liabilities | 6,029,989 | 6,100,325 |
Commitments and contingencies (Note 13) | ||
Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership | 935,543 | 839,850 |
Equity: | ||
Common stock, $0.01 par value; 450,000,000 shares authorized at June 30, 2023 and December 31, 2022: 329,478,476 and 328,993,088 shares issued and outstanding at June 30, 2023 and December 31, 2022, respectively | 3,295 | 3,290 |
Additional paid-in capital | 7,508,616 | 7,493,423 |
Distributions in excess of net income | (3,445,679) | (3,451,587) |
Accumulated other comprehensive income/(loss), net | 9,116 | 8,344 |
Total stockholders' equity | 4,119,963 | 4,098,085 |
Noncontrolling interests | 210 | 210 |
Total equity | 4,120,173 | 4,098,295 |
Total liabilities and equity | 11,085,705 | 11,038,470 |
8.00% Series E Cumulative Convertible Preferred Stock | ||
Equity: | ||
Preferred stock, no par value; 50,000,000 shares authorized at June 30, 2023 and December 31, 2022: | 44,614 | 44,614 |
Series F | ||
Equity: | ||
Preferred stock, no par value; 50,000,000 shares authorized at June 30, 2023 and December 31, 2022: | $ 1 | $ 1 |