v3.26.3
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2026
Sep. 30, 2025
Sep. 30, 2026
Sep. 30, 2025
REVENUES:        
Rental income $ 424,581 $ 429,294 $ 1,270,835 $ 1,272,131
Joint venture management and other fees $ 3,500 $ 2,570 $ 8,494 $ 7,080
Type of revenue udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember
Total revenues $ 428,081 $ 431,864 $ 1,279,329 $ 1,279,211
OPERATING EXPENSES:        
Property operating and maintenance 80,981 79,373 238,044 230,976
Real estate taxes and insurance 57,002 57,786 173,707 173,539
Property management 13,799 13,952 41,302 41,344
Other operating expenses 10,039 6,975 32,420 22,787
Real estate depreciation and amortization 161,569 165,926 482,957 490,511
General and administrative 20,559 22,732 58,637 62,156
Casualty-related charges/(recoveries), net 548 1,755 9,350 8,434
Other depreciation and amortization 3,479 7,009 10,265 21,463
Total operating expenses 347,976 355,508 1,046,682 1,051,210
Gain/(loss) on sale of real estate owned 190,084   383,204 47,939
Operating income 270,189 76,356 615,851 275,940
Income/(loss) from unconsolidated entities 1,613 14,011 24,580 23,454
Interest expense (48,583) (50,569) (144,799) (146,935)
Interest income and other income/(expense), net 8,144 3,714 13,174 13,769
Income/(loss) before income taxes 231,363 43,512 508,806 166,228
Tax (provision)/benefit, net (489) (382) (1,373) (798)
Net income/(loss) 230,874 43,130 507,433 165,430
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership (14,768) (2,709) (32,438) (10,593)
Net (income)/loss attributable to noncontrolling interests (12) (12) (35) (35)
Net income/(loss) attributable to UDR, Inc. 216,094 40,409 474,960 154,802
Distributions to preferred stockholders - Series E (Convertible) (1,225) (1,211) (3,670) (3,628)
Net income/(loss) attributable to common stockholders $ 214,869 $ 39,198 $ 471,290 $ 151,174
Income/(loss) per weighted average common share - basic $ 0.67 $ 0.12 $ 1.46 $ 0.46
Income/(loss) per weighted average common share - diluted $ 0.67 $ 0.12 $ 1.45 $ 0.46
Weighted average number of common shares outstanding - basic 320,634 330,668 323,607 330,692
Weighted average number of common shares outstanding - diluted 324,012 331,241 326,790 331,443