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Income/(Loss) Per Operating Partnership Unit (UNITED DOMINION REALTY, L.P.) Income/(Loss) Per Operating Partnership Unit (Tables)
9 Months Ended
Sep. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]  
Earnings/(loss) per operating partnership unit
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

United Dominion Reality L.P. [Member]
 
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]  
Earnings/(loss) per operating partnership unit
The following table sets forth the computation of basic and diluted income/(loss) per OP Unit for the periods presented (dollars in thousands, except per OP Unit data):
 
 
Three Months Ended September 30,
 
Nine Months Ended September 30,
 
 
2014
 
2013
 
2014
 
2013
Numerator for income/(loss) per OP Unit — basic and diluted:
 
 
 
 
 
 
 
 
Income/(loss) from continuing operations
 
$
8,875

 
$
10,072

 
$
23,606

 
$
26,278

Gain/(loss) on sale of real estate owned
 

 

 
40,687

 

(Income)/loss from continuing operations attributable to noncontrolling interests
 
(238
)
 
(39
)
 
(697
)
 
(151
)
Income/(loss) from continuing operations attributable to OP unitholders
 
$
8,637

 
$
10,033

 
$
63,596

 
$
26,127

 
 
 
 
 
 
 
 
 
Income/(loss) from discontinued operations
 
$

 
$
978

 
$

 
$
2,766

(Income)/loss from discontinued operations attributable to noncontrolling interests
 

 

 

 

Income/(loss) from discontinued operations attributable to OP unitholders
 
$

 
$
978

 
$

 
$
2,766

 
 
 
 
 
 
 
 
 
Net income/(loss)
 
$
8,875

 
$
11,050

 
$
64,293

 
$
29,044

Net (income)/loss attributable to noncontrolling interests
 
(238
)
 
(39
)
 
(697
)
 
(151
)
Net income/(loss) attributable to OP unitholders
 
$
8,637

 
$
11,011

 
$
63,596

 
$
28,893

 
 
 
 
 
 
 
 
 
Denominator for income/(loss) per OP Unit — basic and diluted:
 
 
 
 
 
 
 
 
Weighted average OP Units outstanding — basic and diluted
 
183,279

 
184,281

 
183,279

 
184,281

 
 
 
 
 
 
 
 
 
Income/(loss) per weighted average OP Unit — basic and diluted:
 
 
 
 
 
 
 
 
Income/(loss) from continuing operations attributable to OP unitholders
 
$
0.05

 
0.05

 
$
0.35

 
$
0.14

Income/(loss) from discontinued operations attributable to OP unitholders
 
$

 
$
0.01

 
$

 
$
0.02

Net income/(loss) attributable to OP unitholders
 
$
0.05

 
0.06

 
$
0.35

 
$
0.16