Udr (UDR) FY2021 results: revenue $1.3 billion, up 4.0% on the year
Udr, Inc. (UDR) reported revenue of $1.3 billion for fiscal 2021, the year ended 31 December 2021, up 4.0% on the year before. Net income was $150 million, up 133.4%, and diluted earnings per share $0.48. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2022.
Revenue
$1.3 billion
+4.0% on the year
FY2014FY2021
Operating margin
20.8%
20.1% a year earlier
FY2014FY2021
Net income
$150 million
+133.4% on the year
FY2014FY2021
Diluted EPS
$0.48
+140.0% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
664
604
631
+9.9%
Capital expenditure
156
163
167
-4.1%
Free cash flow
508
441
464
+15.0%
Free cash flow margin
39.3%
35.5%
40.2%
Cash from investing
-1,272
-461
-1,687
Cash from financing
613
-153
880
Depreciation and amortisation
620
619
508
+0.2%
Share-based compensation
22.1
19.6
24.3
+12.4%
Buybacks
n/a
19.8
n/a
Dividends paid
434
419
383
+3.4%
Dividend per share
$1.45
$1.44
$1.37
+0.7%
Diluted shares, weighted
302m
295m
286m
+2.3%
Shares outstanding at period end
318m
297m
295m
+7.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,443
3,234
3,359
+6.5%
Non-controlling interest
31.4
24.4
30.8
+28.9%
Redeemable equity
1,299
856
1,019
+51.8%
Debt
5,413
4,977
4,708
+8.8%
Other liabilities
589
546
521
+7.8%
Total liabilities and equity
10,775
9,638
9,636
+11.8%
Intangible assets
62.7
37.4
81.5
+67.5%
Loans
26.9
158
n/a
-83.0%
Cash and equivalents
1.0
1.4
8.1
-31.4%
Other assets
10,685
9,441
9,547
+13.2%
Total assets
10,775
9,638
9,636
+11.8%
10-K for the year ended 31 December 2021, filed 15 February 2022: the filing.