Reportable Segment (Tables)

9 Months Ended

Sep. 30, 2014

Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to loss from continuing operations

The following table details rental income and NOI from continuing and discontinued operations for UDR’s reportable segments for the three and nine months ended September 30, 2014 and 2013, and reconciles NOI to Net Income/(Loss) Attributable to UDR, Inc. in the Consolidated Statements of Operations (dollars in thousands):



	Three Months Ended September 30, (a)						Nine Months Ended September 30, (b)
	2014			2013			2014			2013
Reportable apartment home segment rental income
Same-Store Communities
West Region	$	68,275		$	64,195		$	189,075		$	177,884
Mid-Atlantic Region	40,479			40,164			121,356			119,937
Southeast Region	27,210			25,851			80,578			76,763
Northeast Region	20,721			19,806			45,331			43,441
Southwest Region	13,859			13,293			40,949			39,012
Non-Mature Communities/Other	33,064			27,070			121,756			106,256
Total consolidated rental income	$	203,608		$	190,379		$	599,045		$	563,293

Reportable apartment home segment NOI
Same-Store Communities
West Region	$	49,110		$	45,699		$	136,587		$	126,860
Mid-Atlantic Region	27,622			27,629			83,581			83,287
Southeast Region	17,480			16,560			53,329			49,866
Northeast Region	15,571			14,678			33,361			31,409
Southwest Region	8,509			7,983			25,130			23,751
Non-Mature Communities/Other	21,522			16,094			80,342			67,439
Total consolidated NOI	139,814			128,643			412,330			382,612
Reconciling items:
Joint venture management and other fees	3,165			3,207			9,599			9,347
Property management	(5,599		)	(5,236		)	(16,474		)	(15,491		)
Other operating expenses	(2,012		)	(1,787		)	(6,118		)	(5,237		)
Real estate depreciation and amortization	(89,339		)	(84,266		)	(266,748		)	(252,839		)
General and administrative	(11,554		)	(11,364		)	(36,078		)	(30,706		)
Casualty-related recoveries/(charges), net	—			6,460			(500		)	12,253
Other depreciation and amortization	(1,385		)	(1,176		)	(3,658		)	(3,460		)
Income/(loss) from unconsolidated entities	(939		)	(3,794		)	(4,932		)	(6,081		)
Interest expense	(33,087		)	(30,939		)	(97,662		)	(92,723		)
Interest and other income/(expense), net	9,061			829			11,902			3,291
Tax benefit/(expense), net	2,490			2,658			8,049			7,314
Gain/(loss) on sale of real estate owned, net of tax	31,377			—			82,380			—
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership	(1,447		)	(84		)	(3,171		)	(198		)
Net (income)/loss attributable to noncontrolling interests	4			37			(2		)	30
Net income/(loss) attributable to UDR, Inc.	$	40,549		$	3,188		$	88,917		$	8,112


(a)	Same-Store Community population consisted of 36,268 apartment homes.


(b)	Same-Store Community population consisted of 35,177 apartment homes.

Details of assets of UDR's reportable segments

The following table details the assets of UDR’s reportable segments as of September 30, 2014 and December 31, 2013 (dollars in thousands):



	September 30, 2014			December 31, 2013
Reportable apartment home segment assets:
Same-Store Communities:
West Region	$	2,591,838		$	2,412,091
Mid-Atlantic Region	1,404,730			1,395,772
Southeast Region	783,641			785,134
Northeast Region	1,073,905			1,066,260
Southwest Region	438,982			434,875
Non-Mature Communities/Other	2,135,195			2,113,845
Total assets	8,428,291			8,207,977
Accumulated depreciation	(2,379,033		)	(2,208,794		)
Total assets — net book value	6,049,258			5,999,183
Reconciling items:
Cash and cash equivalents	14,605			30,249
Restricted cash	23,969			22,796
Deferred financing costs, net	24,344			26,924
Notes receivable, net	18,318			83,033
Investment in and advances to unconsolidated joint ventures, net	650,441			507,655
Other assets	117,153			137,882
Total consolidated assets	$	6,898,088		$	6,807,722