UDR (UDR) Interest Expense : $-184 Mil (TTM As of Dec. 2023)

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Interest Expense is the amount reported by a company or individual as an expense for borrowed money. UDR's interest expense for the three months ended in Dec. 2023 was $ -47 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-184 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. UDR's Operating Income for the three months ended in Dec. 2023 was $ 69 Mil. UDR's Interest Expense for the three months ended in Dec. 2023 was $ -47 Mil. UDR's Interest Coverage for the quarter that ended in Dec. 2023 was 1.45. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

UDR Interest Expense Historical Data

The historical data trend for UDR's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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UDR Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-170.92

-202.71

-186.27

-162.83

-180.87

UDR Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-43.25	-43.74	-45.11	-47.73	-47.35

UDR Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-184 Mil.

UDR (NYSE:UDR) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

UDR's Interest Expense for the three months ended in Dec. 2023 was $-47 Mil. Its Operating Income for the three months ended in Dec. 2023 was $69 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $5,572 Mil.

UDR's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	68.717	/	-47.347
	=	1.45

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. UDR Inc interest coverage is 1.56, which is low.

UDR (UDR) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UDR Inc (NYSE:UDR) » Definitions » Interest Expense

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Traded in Other Exchanges

UF0:Germany

Address

1745 Shea Center Drive, Suite 200, Highlands Ranch, CO, USA, 80129

Website

https://www.udr.com

UDR is a real estate investment trust that owns, operates, acquires, renovates, develops, redevelops, disposes of, and manages multifamily apartment communities in targeted markets located in the United States. The company has two reportable segments; Same-Store Communities segment represents those communities acquired, developed, and stabilized prior to January 1, 2021, and held as of December 31, 2022, and Non-Mature Communities/Other segment represents those communities that do not meet the criteria to be included in Same-Store Communities, including, but not limited to, recently acquired, developed and redeveloped communities, and the non-apartment components of mixed-use properties. The company generates key revenue from Same-Store Communities.

Executives

Thomas W Toomey	director, officer: Chief Executive Officer
Patricia Sciutto Doerr	officer: SVP-Chief ESG/People Officer	1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Kevin C Nickelberry	director	1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Harry G Alcock	officer: SVP-Asset Management	4582 SOUTH ULSTER STREET PARKWAY, SUITE 1100, DENVER CO 80237
Jerry A Davis	officer: SVP-Chief Operating Officer	1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Clinton D Mcdonnough	director	1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Tracy L Hofmeister	officer: VP-Accounting	1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Joseph D Fisher	officer: SVP-Chief Financial Officer	1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Diane M Morefield	director	200 W. MADISON STREET, SUITE 1700, CHICAGO IL 60606
Michael D Lacy	officer: SVP-Property Operations	1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Matthew A Cozad	officer: SVP-Corp Serv and Innovation	1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
Warren L Troupe	officer: Sr Exec VP & General Counsel	1745 SHEA CENTER DRIVE, SUITE 200, HIGHLANDS RANCH CO 80129
James D Klingbeil	director
Lynne B Sagalyn	director
Jon A Grove	director