UDR (UDR) Financials

UDR Inc (UDR) is a real estate investment trust (REIT) that owns, operates, and develops high-quality apartment communities in targeted markets across the United States. As of December 31, 2020, UDR's consolidated portfolio consisted of 52,561 apartment homes. The company focuses on markets with high barriers to entry, strong job growth, and favorable supply and demand dynamics. UDR's mission is to provide residents with exceptional living experiences and deliver long-term value to its stockholders.

Let's dive into UDR Inc's financials. Starting with the income statement, UDR reported total revenues of $1.34 billion for the fiscal year ended December 31, 2020. Gross profit was $650.4 million, and net income attributable to stockholders was $220.8 million. Moving on to EBIT (earnings before interest and taxes), UDR's EBIT was $302.9 million, reflecting the company's operational performance. Similarly, EBITDA (earnings before interest, taxes, depreciation, and amortization) stood at $754.7 million, highlighting UDR's ability to generate cash flow from its operations.

Now let's take a look at UDR Inc's balance sheet. The company's total assets amounted to $12.9 billion, and total liabilities were $6.8 billion as of December 31, 2020. UDR had net debt of $4.5 billion and stockholders' equity of $6.1 billion. It's worth noting that UDR maintains a strong balance sheet, providing financial stability and flexibility for future growth and investments.

In terms of cash flow, UDR generated operating cash flow of $738.3 million during the fiscal year. This represents the cash generated from its core apartment rental operations. Additionally, the company had investing and financing cash flows of $(685.7) million and $(55.5) million, respectively. Investing cash flow mainly includes capital expenditures for property acquisitions and developments, while financing cash flow covers debt repayments and stock repurchases.

Finally, UDR Inc had free cash flow of $505.3 million, which is a key measure of its ability to generate cash after accounting for capital investments necessary to maintain its properties. The company also maintained cash equivalents of $37.9 million, providing liquidity for operations and potential investments.

In conclusion, UDR Inc (UDR) has a strong financial position with solid revenues, profitability, and cash flow generation. With a focus on high-quality apartment communities in attractive markets, UDR aims to provide exceptional living experiences for residents while delivering long-term value to its stockholders.