Below are the financial statements of UDR, including the income statement and balance sheet for the company's latest fiscal year. All figures are accurate, verifiable, and fully traceable to the original annual filing where disclosed.
| All figures in thousands of USD | 2024 | 2023 |
|---|---|---|
| Real estate owned | — | — |
| Real estate held for investment | 15,994,794a | 15,757,456a |
| Less: accumulated depreciation | -6,836,920a | -6,242,686a |
| Real estate held for investment, net | 9,157,874a | 9,514,770a |
| Real estate under development | 0a | 160,220a |
| Real estate held for disposition | 154,463a | 81,039a |
| Assets | — | — |
| Total real estate owned, net of accumulated depreciation | 9,312,337a | 9,756,029a |
| Cash and cash equivalents | 1,326a | 2,922a |
| Restricted cash | 34,101a | 31,944a |
| Notes receivable, net | 247,849a | 228,825a |
| Investment in and advances to unconsolidated joint ventures, net | 917,483a | 952,934a |
| Operating lease right-of-use assets | 186,997a | 190,619a |
| Other assets | 197,493a | 209,969a |
| Total assets | 10,897,586a | 11,373,242a |
| Liabilities | — | — |
| Secured debt, net | 1,139,331a | 1,277,713a |
| Unsecured debt, net | 4,687,634a | 4,520,996a |
| Operating lease liabilities | 182,275a | 185,836a |
| Real estate taxes payable | 46,403a | 47,107a |
| Accrued interest payable | 52,631a | 47,710a |
| Security deposits and prepaid rent | 61,592a | 50,528a |
| Distributions payable | 151,720a | 149,600a |
| Accounts payable, accrued expenses, and other liabilities | 115,105a | 141,311a |
| Total liabilities | 6,436,691a | 6,420,801a |
| Liabilities and equity | — | — |
| Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership | 1,017,355a | 961,087a |
| Preferred stock | — | — |
| 8.00% Series E cumulative convertible | 43,192a | 44,614a |
| Series F | 1a | 1a |
| Equity | — | — |
| Common stock | 3,309a | 3,290a |
| Additional paid-in capital | 7,572,480a | 7,493,217a |
| Distributions in excess of net income | -4,179,415a | -3,554,892a |
| Accumulated other comprehensive income/(loss), net | 3,638a | 4,914a |
| Total stockholders’ equity | 3,443,205a | 3,991,144a |
| Noncontrolling interests | 335a | 210a |
| Total equity | 3,443,540a | 3,991,354a |
| Total liabilities and equity | 10,897,586a | 11,373,242a |
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