← UDR, Inc.
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash flows from operating activities: | |||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | |||||||||||
| Net Income From Continuing Operations | — | — | — | — | — | — | $92.6m | $474.5m | $95.9m | $403.7m | |
| Net Income (Loss) Attributable to Parent | $292.7m | $121.6m | $203.1m | $185.0m | $64.3m | $150.0m | $86.9m | $444.4m | $89.6m | $377.7m | |
| Net Income (Loss) Available to Common Stockholders, Basic | $289.0m | $117.8m | $199.2m | $180.9m | $60.0m | $145.8m | $82.5m | $439.5m | $84.8m | $372.9m | |
| Net Income (Loss), Including Portion Attributable to Noncontrolling Interest | $320.4m | $132.7m | $221.5m | $199.6m | $69.0m | $161.0m | $92.6m | $474.5m | $95.9m | $403.7m | |
| Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $292.7m | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $109.5m | $89.3m | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $0 | — | — | — | — | — | — | — | — | — | |
| Income (Loss) from Discontinued Operations, Net of Tax, Attributable to Parent | $0 | — | — | — | — | — | — | — | — | — | |
| Net Income (Loss) Attributable to Noncontrolling Interest | $380k | $164k | $221k | $188k | $161k | $104k | $42k | $31k | $46k | $46k | |
| Depreciation, Depletion and Amortization | $425.6m | $436.5m | $435.7m | $507.9m | $618.6m | $619.8m | $679.6m | $691.8m | $695.5m | $680.0m | |
| Amortization of Debt Issuance Costs | $4.5m | $4.3m | $4.2m | $4.2m | $4.4m | — | — | — | — | — | |
| Depreciation, Nonproduction | $419.6m | $430.1m | $429.0m | $501.3m | $608.6m | $606.6m | $665.2m | $676.4m | $676.1m | $654.1m | |
| Other Depreciation and Amortization | $6.0m | $6.4m | $6.7m | $6.7m | $10.0m | $13.2m | $14.3m | $15.4m | $19.4m | $25.9m | |
| Depreciation Amortization Depletion | — | — | — | — | — | — | $679.6m | $691.8m | $695.5m | $680.0m | |
| Share-based Payment Arrangement, Noncash Expense | $13.4m | $12.9m | $14.2m | $24.3m | $19.6m | $22.1m | $27.5m | $32.9m | $32.6m | $26.5m | |
| Share-based Payment Arrangement, Expense | — | — | — | — | — | — | — | $600k | — | — | |
| Income (Loss) from Equity Method Investments | $52.2m | $31.3m | ($5.1m) | $137.9m | $18.8m | $65.6m | $4.9m | $4.7m | $20.2m | $28.4m | |
| Gain (Loss) on Extinguishment of Debt | — | — | — | — | ($49.2m) | ($42.3m) | — | — | — | — | |
| Income Tax Expense (Benefit) | — | ($240k) | $688k | $3.8m | $2.5m | $1.4m | $349k | $2.1m | $879k | $835k | |
| Interest Expense Nonoperating | — | — | — | — | — | — | — | — | $195.7m | $196.6m | |
| Operating Lease, Lease Income | — | — | — | $1.1b | $1.2b | $1.3b | $1.5b | $1.6b | $1.7b | $1.7b | |
| Other Nonoperating Income (Expense) | $1.9m | $2.0m | $6.7m | $15.4m | $6.3m | $15.1m | ($6.9m) | $17.8m | ($12.3m) | $19.2m | |
| Earnings (Loss)es From Equity Investments | — | — | — | — | — | — | $17.4m | $11.3m | $41.1m | $25.5m | |
| Additional Financial Items | |||||||||||
| General and Administrative Expense | $49.8m | $48.6m | $47.0m | $51.5m | $49.9m | $57.5m | $64.1m | $69.9m | $84.3m | $85.1m | |
| Provision for Loan, Lease, and Other Losses | — | — | — | — | $2.2m | — | — | — | — | — | |
| Financing Receivable, Credit Loss, Expense (Reversal) | — | — | — | — | $700k | ($600k) | ($100k) | $700k | $37.5m | ($213k) | |
| Unrealized Gain (Loss) on Investments | — | — | — | — | — | $49.9m | — | — | — | — | |
| Beginning Cash Position | — | — | — | — | — | — | $28.4m | $30.2m | $34.9m | $35.4m | |
| Cash Flow From Continuing Financing Activities | — | — | — | — | — | — | $111.2m | ($538.9m) | ($599.9m) | ($750.4m) | |
| Cash Flow From Continuing Investing Activities | — | — | — | — | — | — | ($929.5m) | ($289.1m) | ($276.4m) | ($151.0m) | |
| Change In Other Current Assets | — | — | — | — | — | — | $9.8m | ($33.6m) | ($31.1m) | ($8.4m) | |
| Change In Other Current Liabilities | — | — | — | — | — | — | ($13.1m) | ($2.8m) | ($4.8m) | ($13.9m) | |
| Change In Working Capital | — | — | — | — | — | — | ($3.3m) | ($36.4m) | ($35.9m) | ($22.3m) | |
| Changes In Cash | — | — | — | — | — | — | $1.8m | $4.7m | $561k | $1.5m | |
| End Cash Position | — | — | — | — | — | — | $30.2m | $34.9m | $35.4m | $36.9m | |
| Financing Cash Flow | — | — | — | — | — | — | $111.2m | ($538.9m) | ($599.9m) | ($750.4m) | |
| Free Cash Flow | — | — | — | — | — | — | $584.1m | $520.3m | $605.2m | $613.9m | |
| Gain Loss On Investment Securities | — | — | — | — | — | — | ($25.5m) | ($351.2m) | ($16.9m) | ($242.9m) | |
| Investing Cash Flow | — | — | — | — | — | — | ($929.5m) | ($289.1m) | ($276.4m) | ($151.0m) | |
| Issuance Of Capital Stock | — | — | — | — | — | $899.1m | $629.6m | $0 | $0 | — | |
| Net Business Purchase And Sale | — | — | — | — | — | — | ($201.4m) | ($72.4m) | ($49.3m) | ($83.0m) | |
| Operating Gains Losses | — | — | — | — | — | — | ($8.1m) | ($339.9m) | $24.2m | ($217.4m) | |
| Other Non Cash Items | — | — | — | — | — | — | $31.7m | $9.1m | $27.1m | $32.5m | |
| Provisionand Write Offof Assets | — | — | — | — | — | — | $140k | $702k | $37.5m | ($213k) | |
| Purchase Of Business | — | — | — | — | — | — | ($201.4m) | ($72.4m) | ($50.3m) | ($83.0m) | |
| Repurchase Of Capital Stock | — | — | — | — | — | — | ($49.0m) | ($25.0m) | $0 | ($117.8m) | |
| Sale Of Business | — | — | — | — | — | — | $0 | — | $1.0m | $0 | |
| Stock Based Compensation | — | — | — | — | — | — | $27.5m | $32.9m | $32.6m | $26.5m | |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | $0 | — | — | — | — | — | — | — | — | — | |
| Other Comprehensive Income (Loss), Reclassification Adjustment from AOCI on Derivatives, Net of Tax | — | ($1.4m) | — | — | — | — | — | — | — | — | |
| Net Cash Provided by (Used in) Operating Activities | $536.9m | $519.2m | $560.7m | $630.7m | $604.3m | $664.0m | $820.1m | $832.7m | $876.8m | $902.9m | |
| Cash flows from investing activities: | |||||||||||
| Capital Expenditure | — | — | — | — | — | — | ($236.0m) | ($312.3m) | ($271.7m) | ($288.9m) | |
| Capital Expenditure Reported | $4.4m | $1.4m | $4.8m | — | — | — | ($236.0m) | ($312.3m) | ($271.7m) | ($288.9m) | |
| Net Investment Properties Purchase And Sale | — | — | — | — | — | — | ($498.4m) | $152.0m | $31.1m | $182.7m | |
| Net Investment Purchase And Sale | — | — | — | — | — | — | $0 | $14.5m | $4.6m | $0 | |
| Purchase Of Investment Properties | — | — | — | — | — | — | ($539.2m) | ($173.7m) | ($67.5m) | ($190.9m) | |
| Gain (Loss) on Sale of Investments | — | — | — | — | — | ($3k) | — | ($22.1m) | — | $5.8m | |
| Gains (Losses) on Sales of Investment Real Estate | — | — | — | — | $119.3m | $136.1m | $25.5m | $351.2m | $16.9m | $242.9m | |
| Sale Of Investment | — | — | — | — | — | — | $0 | $14.5m | $4.6m | $0 | |
| Sale Of Investment Properties | — | — | — | — | — | — | $40.8m | $325.8m | $98.7m | $373.5m | |
| Net Other Investing Changes | — | — | — | — | — | — | ($75.2m) | ($85.3m) | ($32.2m) | ($112.0m) | |
| Net Cash Provided by (Used in) Investing Activities | ($112.3m) | ($407.4m) | ($113.5m) | ($1.7b) | ($460.8m) | ($1.3b) | ($929.5m) | ($289.1m) | ($276.4m) | ($151.0m) | |
| Cash flows from financing activities: | |||||||||||
| Issuance Of Debt | — | — | — | — | — | — | $0 | $0 | $301.7m | $17.0m | |
| Long Term Debt Issuance | — | — | — | — | — | — | $0 | $0 | $301.7m | $17.0m | |
| Net Issuance Payments Of Debt | — | — | — | — | — | — | $77.3m | $83.4m | $29.9m | ($6.2m) | |
| Net Long Term Debt Issuance | — | — | — | — | — | — | ($2.7m) | ($24.7m) | $148.1m | ($161.3m) | |
| Net Short Term Debt Issuance | — | — | — | — | — | — | $80.0m | $108.1m | ($118.2m) | $155.1m | |
| Long Term Debt Payments | — | — | — | — | — | — | ($2.7m) | ($24.7m) | ($153.6m) | ($178.3m) | |
| Repayment Of Debt | — | — | — | — | — | — | ($2.7m) | ($24.7m) | ($153.6m) | ($178.3m) | |
| Proceeds from Issuance of Common Stock | $173.2m | — | $299.8m | $725.3m | $102.2m | $899.1m | $629.6m | ($551k) | — | — | |
| Common Stock Issuance | — | — | — | — | — | $899.1m | $629.6m | $0 | $0 | — | |
| Net Common Stock Issuance | — | — | — | — | — | — | $580.5m | ($25.0m) | $0 | ($117.8m) | |
| Payments for Repurchase of Common Stock | — | — | $20.0m | — | $19.8m | — | $49.0m | $25.0m | — | $117.8m | |
| Payments of Ordinary Dividends, Common Stock | $308.9m | $327.8m | $342.2m | $383.1m | $419.4m | $433.8m | $483.6m | $539.9m | $558.5m | $567.9m | |
| Common Stock Payments | — | — | — | — | — | — | ($49.0m) | ($25.0m) | $0 | ($117.8m) | |
| Dividends Payable | $86.9m | $91.5m | $97.7m | $109.4m | $115.8m | $124.7m | $134.2m | $149.6m | $151.7m | $151.9m | |
| Other Interest and Dividend Income | $1.8m | $1.8m | $4.1m | $5.5m | $9.1m | $5.3m | $3.5m | — | — | — | |
| Cash Dividends Paid | — | — | — | — | — | — | ($488.0m) | ($544.6m) | ($563.3m) | ($572.7m) | |
| Common Stock Dividend Paid | — | — | — | — | — | — | ($483.6m) | ($539.9m) | ($558.5m) | ($567.9m) | |
| Dividends Received CFI | — | — | — | — | — | — | $81.4m | $14.4m | $41.1m | $150.3m | |
| Preferred Stock Dividend Paid | — | — | — | — | — | — | ($4.4m) | ($4.8m) | ($4.9m) | ($4.8m) | |
| Proceeds from (Payments for) Other Financing Activities | ($11.2m) | ($21.4m) | ($41.5m) | ($41.7m) | ($12.7m) | ($16.1m) | ($24.4m) | ($16.5m) | ($23.7m) | ($14.0m) | |
| Net Other Financing Charges | — | — | — | — | — | — | ($58.6m) | ($52.6m) | ($66.5m) | ($53.7m) | |
| Net Cash Provided by (Used in) Financing Activities | ($429.3m) | ($111.8m) | ($260.1m) | $880.4m | ($152.6m) | $612.5m | $111.2m | ($538.9m) | ($599.9m) | ($750.4m) | |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | — | — | $208.9m | $33.3m | $24.2m | $28.4m | $30.2m | $34.9m | $35.4m | $36.9m | |
| Supplemental disclosure of cash flow information: | |||||||||||
| Change In Cash Supplemental As Reported | — | — | — | — | — | — | $1.8m | $4.7m | $561k | $1.5m | |
| Interest Paid, Excluding Capitalized Interest, Operating Activities | $124.6m | $126.3m | $132.5m | $169.6m | $172.3m | $137.0m | $154.9m | $184.2m | $192.1m | $190.5m | |
| Income Taxes Paid, Net | $693k | $1.7m | $625k | $1.5m | $1.0m | $4.8m | $1.1m | $1.9m | $1.0m | $1.4m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.