Company profile

Ticker
UDR
Exchange
CEO
Thomas W. Toomey
Employees
Incorporated in
Location
Fiscal year end
Former names
United Dominion Realty Trust Inc
SEC CIK
IRS number
540857512

UDR stock data

(
)

Calendar

31 Jul 19
17 Sep 19
31 Dec 19

News

Company financial data Financial data

Quarter (USD) Mar 19 Dec 18 Sep 18 Jun 18
Revenue 270.67M 267.67M 266.14M 259.74M
Net income 24.5M 82.14M 18.61M 20.6M
Diluted EPS 0.08 0.3 0.07 0.07
Net profit margin 9.05% 30.69% 6.99% 7.93%
Operating income 52.49M 196.52M 55.01M 55.18M
Net change in cash -184.17M 184.13M 29K -28K
Cash on hand 1.04M 185.22M 1.08M 1.06M
Annual (USD) Dec 18 Dec 17 Dec 16 Dec 15
Revenue 1.05B 995.79M 959.86M 871.93M
Net income 203.11M 121.56M 292.72M 340.38M
Diluted EPS 0.74 0.44 1.08 1.29
Net profit margin 19.40% 12.21% 30.50% 39.04%
Operating income 354.72M 227.9M 400.82M 159.59M
Net change in cash 183.18M -74K -4.63M -8.48M
Cash on hand 185.22M 2.04M 2.11M 6.74M

Financial data from UDR earnings reports

Financial report summary

?
Management Discussion
  • NOI for our Same-Store Community properties increased 4.2%, or $7.0 million, for the three months ended June 30, 2019 compared to the same period in 2018. The increase in property NOI was attributable to a 3.7%, or $8.6 million, increase in property rental income, which was partially offset by a 2.3%, or $1.5 million, increase in operating expenses. The increase in property income was primarily driven by a 2.7%, or $5.9 million, increase in rental rates and an 11.5%, or $2.7 million, increase in reimbursement and ancillary and fee income. Physical occupancy remained the same at 96.9% and total monthly income per occupied home increased 3.7% to $2,183.
  • The increase in operating expenses was primarily driven by a 16.4%, or $1.4 million, increase in repair and maintenance expense, offset by a 9.0%, or $1.4 million, decrease in personnel expense as a result of fewer employees, and a 4.7%, or $1.2 million, increase in real estate taxes, which was primarily due to higher assessed valuations.
  • The operating margin (property net operating income divided by property rental income) was 72.2% and 71.9% for the three months ended June 30, 2019 and 2018, respectively.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Avg
New words: Additionally, Arlington, Certificate, Certification, document, duly, embedded, Englewood, Fisher, Inline, instance, interactive, ix, Jersey, Joseph, Lake, Language, Merritt, Modera, President, Rule, Silver, Spring, stayed, Supplementary, thereunto, undersigned, vi, Vice, vii, viii, Waltham, XBRL, xi, xii
Removed: landscaping, preservation