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Income/(Loss) Per Share | 9 Months Ended
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Sep. 30, 2014
Earnings Per Share [Abstract] |
EARNINGS/(LOSS) PER SHARE | /(LOSS) PER SHARE The following table sets forth the computation of basic and diluted income/(loss) per share for the periods presented (dollars and shares in thousands, except per share data):
| Three Months Ended September 30, |  | Nine Months Ended September 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
Numerator for income/(loss) per share: |  |  |  |  |  |  |
Income/(loss) from continuing operations | $ | 10,611 |  |  | $ | 2,351 |  |  | $ | 9,775 |  |  | $ | 5,713 |
Gain/(loss) on sale of real estate owned, net of tax | 31,302 |  |  | — |  |  | 82,305 |  |  | — |
(Income)/loss from continuing operations attributable to redeemable noncontrolling interests in the Operating Partnership | (1,441 | ) |  | (52 | ) |  | (3,167 | ) |  | (106 | )
(Income)/loss from continuing operations attributable to noncontrolling interests | 4 |  |  | 37 |  |  | (2 | ) |  | 30 |
Income/(loss) from continuing operations attributable to UDR, Inc. | 40,476 |  |  | 2,336 |  |  | 88,911 |  |  | 5,637 |
Distributions to preferred stockholders - Series E (Convertible) | (931 | ) |  | (931 | ) |  | (2,793 | ) |  | (2,793 | )
Income/(loss) from continuing operations attributable to common stockholders | $ | 39,545 |  |  | $ | 1,405 |  |  | $ | 86,118 |  |  | $ | 2,844 |
Income/(loss) from discontinued operations, net of tax | $ | 79 |  |  | $ | 884 |  |  | $ | 10 |  |  | $ | 2,567 |
(Income)/loss from discontinued operations attributable to redeemable noncontrolling interests in the Operating Partnership | (6 | ) |  | (32 | ) |  | (4 | ) |  | (92 | )
Income/(loss) from discontinued operations attributable to common stockholders | $ | 73 |  |  | $ | 852 |  |  | $ | 6 |  |  | $ | 2,475 |
Net income/(loss) attributable to common stockholders | $ | 39,618 |  |  | $ | 2,257 |  |  | $ | 86,124 |  |  | $ | 5,319 |
Denominator for income/(loss) per share: |  |  |  |  |  |  |
Weighted average common shares outstanding | 252,891 |  |  | 250,744 |  |  | 251,860 |  |  | 250,663 |
Non-vested restricted stock awards | (1,236 | ) |  | (759 | ) |  | (1,159 | ) |  | (701 | )
Denominator for basic income/(loss) per share | 251,655 |  |  | 249,985 |  |  | 250,701 |  |  | 249,962 |
Incremental shares issuable from assumed conversion of stock options and unvested restricted stock | 2,077 |  |  | 1,469 |  |  | 1,974 |  |  | 1,477 |
Denominator for diluted income/(loss) per share | 253,732 |  |  | 251,454 |  |  | 252,675 |  |  | 251,439 |
Income/(loss) per weighted average common share-basic: |  |  |  |  |  |  |
Income/(loss) from continuing operations attributable to common stockholders | $ | 0.16 |  |  | $ | 0.01 |  |  | $ | 0.34 |  |  | $ | 0.01 |
Income/(loss) from discontinued operations attributable to common stockholders | 0.00 |  |  | 0.00 |  |  | 0.00 |  |  | 0.01 |
Net income/(loss) attributable to common stockholders | $ | 0.16 |  |  | $ | 0.01 |  |  | $ | 0.34 |  |  | $ | 0.02 |
Income/(loss) per weighted average common share-diluted: |  |  |  |  |  |  |
Income/(loss) from continuing operations attributable to common stockholders | $ | 0.16 |  |  | $ | 0.01 |  |  | $ | 0.34 |  |  | $ | 0.01 |
Income/(loss) from discontinued operations attributable to common stockholders | 0.00 |  |  | 0.00 |  |  | 0.00 |  |  | 0.01 |
Net income/(loss) attributable to common stockholders | $ | 0.16 |  |  | $ | 0.01 |  |  | $ | 0.34 |  |  | $ | 0.02 |
Basic income/(loss) per common share is computed based upon the weighted average number of common shares outstanding. Diluted income/(loss) per share is computed based upon the weighted average number of common shares outstanding plus the common shares issuable from the assumed conversion of the OP Units, convertible preferred stock, stock options, and restricted stock. Only those instruments having a dilutive impact on our basic income/(loss) per share are included in diluted income/(loss) per share during the periods. The following table sets forth the additional shares of common stock outstanding by equity instrument if converted to common stock for each of the three and nine months ended September 30, 2014 and 2013 (shares in thousands):
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2014 |  | 2013 |  | 2014 |  | 2013
OP Units |  | 9,189 |  |  | 9,323 |  |  | 9,274 |  |  | 9,343 |
Preferred stock |  | 3,036 |  |  | 3,036 |  |  | 3,036 |  |  | 3,036 |
Stock options and unvested restricted stock |  | 2,077 |  |  | 1,469 |  |  | 1,974 |  |  | 1,477 |

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