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Consolidated Statements of Operations (Unaudited) (USD $)
In Thousands, except Per Share data, unless otherwise specified
3 Months Ended 9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
REVENUES        
Rental income $ 203,587 $ 187,917 $ 598,898 $ 556,163
Joint venture management and other fees 3,165 3,207 9,599 9,347
Total revenues 206,752 191,124 608,497 565,510
OPERATING EXPENSES        
Property operating and maintenance 39,086 36,686 112,646 107,660
Real estate taxes and insurance 24,697 24,080 73,844 70,288
Property management 5,598 5,168 16,470 15,295
Other operating expenses 2,009 1,775 6,097 5,211
Real estate depreciation and amortization 89,339 83,738 266,748 251,231
General and administrative expense 11,554 11,364 36,078 30,706
Casualty-related (recoveries)/charges, net 0 (6,460) 500 (12,253)
Other depreciation and amortization 1,385 1,176 3,658 3,460
Total operating expenses 173,668 157,527 516,041 471,598
Operating income 33,084 33,597 92,456 93,912
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
Income/(loss) before income taxes and discountinued operations 8,119 (307) 1,764 (1,601)
Tax benefit/(expense), net 2,492 2,658 8,011 7,314
Income/(loss) from continuing operations 10,611 2,351 9,775 5,713
Income/(loss) from discontinued operations, net of tax 79 884 10 2,567
Income/(loss) before gain/(loss) of real estate owned 10,690 3,235 9,785 8,280
Gains/(loss) on sales of real estate, net of tax 31,302 0 82,305 0
Net income/(loss) 41,992 3,235 92,090 8,280
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
Net (loss)/income attributable to common stockholders 39,618 2,257 86,124 5,319
Earnings per weighted average common share - basic and diluted:        
Income/(loss) from continuing operations attributable to common stockholders, per basic share $ 0.16 $ 0.01 $ 0.34 $ 0.01
Income/(loss) from discontinued operations attributable to common stockholders, per basic share $ 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) from continuing operations attributable to common stockholders, per diluted share $ 0.16 $ 0.01 $ 0.34 $ 0.01
Income from discontinued operations attributable to common stockholders, per diluted share $ 0.00 $ 0.00 $ 0.00 $ 0.01
Net income/(loss) attributable to common stockholders $ 0.16 $ 0.01 $ 0.34 $ 0.02
Common distributions declared per share $ 0.26 $ 0.235 $ 0.780 $ 0.705
Weighted average number of common shares outstanding — basic 251,655 249,985 250,701 249,962
Weighted average number of common shares outstanding — diluted 253,732 251,454 252,675 251,439
Series E Preferred Stock [Member]
       
OPERATING EXPENSES        
Distributions to preferred stockholders - Series E (Convertible) $ (931) $ (931) $ (2,793) $ (2,793)