UDR UDR, Inc.

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UDR, Inc. is a real estate investment trust, which owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities. It engages in the multi-family real estate investment trust business. It operates through the Same-Store Communities and Non-Mature Communities/Other segments. The Same-Store Communities segment pertains to properties that are acquired, developed, and stabilized occupancy. The Non-Mature Communities/Other segment include recently acquired, developed and redeveloped communities and the non-apartment components of mixed use properties. The company was founded in 1972 and is headquartered in Highlands Ranch, CO.

Company profile

Ticker

UDR

Exchange

NYSE

CEO

Thomas W. Toomey

Incorporated in

Maryland

Location

Colorado

Fiscal year end

Dec 31

Sector

Finance > Real Estate Investment Trusts

Industry (SEC)

Real Estate Investment Trusts

Starwood Property Trust • Annaly Capital Management • AGNC Investment • Simon Property • Prologis • Welltower • Vornado Realty • Crown Castle International • HCP • Boston Properties ...

Former names

United Dominion Realty Trust Inc

SEC CIK

0000074208

Corporate docs

Articles of Incorporation & Bylaws

IRS number

540857512

UDR stock data

S&P 500

1M 1Y 2Y 5Y

Company financial data Financial data

Chart UDR financial data

Download latest Excel data (2019 Q2) View latest Excel data (2019 Q2)

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 ?

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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

From filing 10-Q 2019 Q2