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UDR (NYSE:UDR) Piotroski F-Score

: 7 (As of Today)
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Good Sign:

Piotroski F-Score is 7, indicates a very healthy situation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

UDR has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

The historical rank and industry rank for UDR's Piotroski F-Score or its related term are showing as below:

UDR' s Piotroski F-Score Range Over the Past 10 Years
Min: 1   Med: 5   Max: 8
Current: 7

During the past 13 years, the highest Piotroski F-Score of UDR was 8. The lowest was 1. And the median was 5.


UDR (NYSE:UDR) Piotroski F-Score Historical Data

The historical data trend for UDR's Piotroski F-Score 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.

* Premium members only.

UDR Annual Data
Trend Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 6.00 6.00 4.00 5.00 6.00

UDR Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.00 6.00 7.00 8.00 7.00

UDR (NYSE:UDR) Piotroski F-Score Competitive Comparison

For the REIT - Residential subindustry, UDR's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

UDR (NYSE:UDR) Piotroski F-Score Distribution

For the REITs industry and Real Estate sector, UDR's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where UDR's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* 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.

This Year (Sep22) TTM:Last Year (Sep21) TTM:
Net Income was 117.461 + 13.705 + 5.084 + 23.605 = $160 Mil.
Cash Flow from Operations was 180.791 + 161.02 + 237.067 + 204.551 = $783 Mil.
Revenue was 348.208 + 357.266 + 369.167 + 391.297 = $1,466 Mil.
Gross Profit was 64.969 + 69.82 + 76.438 + 86.836 = $298 Mil.
Average Total Assets from the begining of this year (Sep21)
to the end of this year (Sep22) was
(10400.564 + 10775.22 + 10684.964 + 10996.986 + 11097.962) / 5 = $10791.1392 Mil.
Total Assets at the begining of this year (Sep21) was $10,401 Mil.
Long-Term Debt & Capital Lease Obligation was $5,350 Mil.
Total Current Assets was $451 Mil.
Total Current Liabilities was $823 Mil.
Net Income was 26.532 + 3.104 + 11.72 + 17.731 = $59 Mil.

Revenue was 302.384 + 301.441 + 311.348 + 329.77 = $1,245 Mil.
Gross Profit was 51.266 + 49.59 + 55.426 + 58.054 = $214 Mil.
Average Total Assets from the begining of last year (Sep20)
to the end of last year (Sep21) was
(9551.388 + 9637.533 + 9566.556 + 9919.271 + 10400.564) / 5 = $9815.0624 Mil.
Total Assets at the begining of last year (Sep20) was $9,551 Mil.
Long-Term Debt & Capital Lease Obligation was $5,358 Mil.
Total Current Assets was $386 Mil.
Total Current Liabilities was $675 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

UDR's current Net Income (TTM) was 160. ==> Positive ==> Score 1.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

UDR's current Cash Flow from Operations (TTM) was 783. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Sep21)
=159.855/10400.564
=0.01536984

ROA (Last Year)=Net Income/Total Assets (Sep20)
=59.087/9551.388
=0.00618622

UDR's return on assets of this year was 0.01536984. UDR's return on assets of last year was 0.00618622. ==> This year is higher. ==> Score 1.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

UDR's current Net Income (TTM) was 160. UDR's current Cash Flow from Operations (TTM) was 783. ==> 783 > 160 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Sep22)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep21 to Sep22
=5350.245/10791.1392
=0.49579983

Gearing (Last Year: Sep21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Sep20 to Sep21
=5357.63/9815.0624
=0.54585797

UDR's gearing of this year was 0.49579983. UDR's gearing of last year was 0.54585797. ==> This year is lower or equal to last year. ==> Score 1.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Sep22)=Total Current Assets/Total Current Liabilities
=451.242/822.745
=0.54845912

Current Ratio (Last Year: Sep21)=Total Current Assets/Total Current Liabilities
=386.174/675.04
=0.57207573

UDR's current ratio of this year was 0.54845912. UDR's current ratio of last year was 0.57207573. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

UDR's number of shares in issue this year was 325.686. UDR's number of shares in issue last year was 301.164. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=298.063/1465.938
=0.20332579

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=214.336/1244.943
=0.17216531

UDR's gross margin of this year was 0.20332579. UDR's gross margin of last year was 0.17216531. ==> This year's gross margin is higher. ==> Score 1.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Sep21)
=1465.938/10400.564
=0.14094793

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Sep20)
=1244.943/9551.388
=0.13034158

UDR's asset turnover of this year was 0.14094793. UDR's asset turnover of last year was 0.13034158. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=1+1+1+1+1+0+0+1+1
=7

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

UDR has an F-score of 7. It is a good or high score, which usually indicates a very healthy situation.

UDR  (NYSE:UDR) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


UDR Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of UDR's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


UDR (NYSE:UDR) Business Description

UDR logo
Industry
Traded in Other Exchanges
Address
1745 Shea Center Drive, Suite 200, Highlands Ranch, CO, USA, 80129
UDR is a real estate investment trust primarily engaged in the acquisition, management, and development of multifamily apartment communities in urban submarkets throughout the United States. UDR divides its real estate portfolio into West, Mid-Atlantic, Southeast, Northeast, and Southwest geographic segments. Cumulatively, the vast majority of the company's real estate assets are located in the western, mid-Atlantic, and northeastern areas of the U.S. in terms of the total value. The urban markets of metropolitan Washington D.C.; New York City; Orange County, California; and San Francisco, specifically, account for the majority of the value of UDR's real estate property portfolio. The company derives nearly all of its revenue in the form of rental income from leases.
Executives
Nickelberry Kevin C director 1745 SHEA CENTER DRIVE SUITE 200 HIGHLANDS RANCH CO 80129
Morefield Diane M director 200 W. MADISON STREET SUITE 1700 CHICAGO IL 60606
Lacy Michael D officer: SVP-Property Operations 1745 SHEA CENTER DRIVE SUITE 200 HIGHLANDS RANCH CO 80129
Cozad Matthew A officer: SVP-Corp Serv and Innovation 1745 SHEA CENTER DRIVE SUITE 200 HIGHLANDS RANCH CO 80129
Hofmeister Tracy L officer: VP-Accounting 1745 SHEA CENTER DRIVE SUITE 200 HIGHLANDS RANCH CO 80129
Fisher Joseph D officer: SVP-Chief Financial Officer 1745 SHEA CENTER DRIVE SUITE 200 HIGHLANDS RANCH CO 80129
Alcock Harry G officer: SVP-Asset Management 4582 SOUTH ULSTER STREET PARKWAY SUITE 1100 DENVER CO 80237
Herzog Thomas M officer: SVP - Chief Financial Officer 1920 MAIN STREET SUITE 1200 IRVINE CA 92614
Mcdonnough Clinton D director 1745 SHEA CENTER DRIVE SUITE 200 HIGHLANDS RANCH CO 80129
King Mary Ann director 1745 SHEA CENTER DRIVE SUITE 200 HIGHLANDS RANCH CO 80129
Cattanach Katherine A director 672 S. GAYLORD STREET DENVER CO 80209
Mcnamara Robert A director C/O FLUOR CORP ONE ENTERPRISE DR ALISO VIEJO CA 92656
Davis Jerry A officer: SVP-Chief Operating Officer 1745 SHEA CENTER DRIVE SUITE 200 HIGHLANDS RANCH CO 80129
Patterson Mark R director 40 MINNISINK ROAD SHORT HILLS NJ 07078
Bennett Jameson J other: Director - FP&A 1745 SHEA CENTER DRIVE SUITE 200 HIGHLANDS RANCH CO 80129

UDR (NYSE:UDR) Headlines

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