XML 80 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Consolidated Statements of Operations (UNITED DOMINION REALTY, L.P) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 6 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Jun. 30, 2012
Jun. 30, 2011
REVENUES        
Rental income $ 177,475 $ 150,637 $ 349,717 $ 288,449
Rental expenses:        
Real estate taxes and insurance 21,535 17,503 42,446 35,164
Personnel 13,660 12,531 27,169 24,388
Utilities 8,676 7,876 18,041 15,597
Repair and maintenance 9,350 7,795 17,334 15,045
Administrative and marketing 3,921 3,454 7,452 6,557
Property management 4,880 4,142 9,617 7,932
Other operating expenses 1,434 1,542 2,817 2,978
Real estate depreciation and amortization 84,474 79,908 172,381 150,123
Interest expense:        
Interest on secured debt 37,399 37,261 76,572 72,040
General and administrative 13,738 12,875 23,117 23,505
Total expenses 204,227 186,272 398,596 360,135
Income/(loss) from continuing operations (23,123) (34,130) (21,382) (66,977)
Income from discontinued operations 179,429 49,039 264,316 53,230
Net income/(loss) 156,306 14,909 242,934 (13,747)
Net income attributable to non-controlling interests (5,983) (12) (9,388) 752
Net income/(loss) attributable to Entity 150,352 14,651 233,508 (13,224)
United Dominion Reality L.P. [Member]
       
REVENUES        
Rental income 98,031 88,384 193,926 166,515
Rental expenses:        
Real estate taxes and insurance 10,203 9,757 20,260 19,633
Personnel 7,093 6,975 14,193 13,415
Utilities 4,689 4,428 9,935 8,623
Repair and maintenance 5,210 4,175 9,615 8,097
Administrative and marketing 1,885 1,869 3,738 3,470
Property management 2,696 2,430 5,333 4,604
Other operating expenses 4,095 1,404 8,144 2,694
Real estate depreciation and amortization 46,733 47,517 97,205 84,385
Interest expense:        
Interest on secured debt 12,402 13,557 24,883 24,533
Interest on note payable due to General Partner 489 223 978 446
General and administrative 4,505 6,294 9,425 10,874
Total expenses 100,000 98,629 203,709 180,774
Income/(loss) from continuing operations (1,969) (10,245) (9,783) (14,259)
Income from discontinued operations 53,372 17,753 54,294 19,763
Net income/(loss) 51,403 7,508 44,511 5,504
Net income attributable to non-controlling interests 231 32 265 59
Net income/(loss) attributable to Entity $ 51,172 $ 7,476 $ 44,246 $ 5,445
Loss per OP unit- basic and diluted:        
Loss from continuing operations attributable to OP unitholders (in dollars per share) $ (0.01) $ (0.06) $ (0.05) $ (0.08)
Income from discontinued operations (in dollars per share) $ 0.29 $ 0.10 $ 0.29 $ 0.11
Net loss attributable to OP unitholders (in dollars per share) $ 0.28 $ 0.04 $ 0.24 $ 0.03
Weighted average OP units outstanding (in shares) 184,281 182,479 184,281 181,201