v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUES:        
Rental income $ 422,933 $ 423,001 $ 846,254 $ 842,837
Joint venture management and other fees $ 2,466 $ 2,398 $ 4,994 $ 4,510
Type of revenue udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember
Total revenues $ 425,399 $ 425,399 $ 851,248 $ 847,347
OPERATING EXPENSES:        
Property operating and maintenance 76,331 75,613 157,063 151,603
Real estate taxes and insurance 56,846 57,008 116,705 115,753
Property management 13,745 13,747 27,503 27,392
Other operating expenses 12,966 7,753 22,381 15,812
Real estate depreciation and amortization 160,120 163,191 321,388 324,585
General and administrative 18,714 19,929 38,078 39,424
Casualty-related charges/(recoveries), net 3,073 3,382 8,802 6,679
Other depreciation and amortization 3,451 7,387 6,786 14,454
Total operating expenses 345,246 348,010 698,706 695,702
Gain/(loss) on sale of real estate owned 35,704   193,120 47,939
Operating income 115,857 77,389 345,662 199,584
Income/(loss) from unconsolidated entities 3,271 3,629 22,967 9,443
Interest expense (47,640) (48,665) (96,216) (96,366)
Interest income and other income/(expense), net 2,596 8,134 5,030 10,055
Income/(loss) before income taxes 74,084 40,487 277,443 122,716
Tax (provision)/benefit, net (429) (258) (884) (416)
Net income/(loss) 73,655 40,229 276,559 122,300
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership (4,609) (2,545) (17,670) (7,884)
Net (income)/loss attributable to noncontrolling interests (11) (11) (23) (23)
Net income/(loss) attributable to UDR, Inc. 69,035 37,673 258,866 114,393
Distributions to preferred stockholders - Series E (Convertible) (1,225) (1,211) (2,445) (2,417)
Net income/(loss) attributable to common stockholders $ 67,810 $ 36,462 $ 256,421 $ 111,976
Income/(loss) per weighted average common share - basic $ 0.21 $ 0.11 $ 0.79 $ 0.34
Income/(loss) per weighted average common share - diluted $ 0.21 $ 0.11 $ 0.79 $ 0.34
Weighted average number of common shares outstanding - basic 322,958 330,778 325,117 330,703
Weighted average number of common shares outstanding - diluted 323,287 331,715 325,387 331,717