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Consolidated Statements of Operations (Unaudited) (UNITED DOMINION REALTY, L.P) (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
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 11,554 11,364 36,078 30,706
Casualty-related (recoveries)/charges, net 0 (6,460) 500 (12,253)
Total operating expenses 173,668 157,527 516,041 471,598
Operating income 33,084 33,597 92,456 93,912
Interest expense on note payable due to General Partner (1,200) (3,500) (300) (800)
Interest and other income/(expense), net 9,061 829 11,902 3,291
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
Gains/(loss) on sales of real estate owned 31,302 0 82,305 0
Net income/(loss) 41,992 3,235 92,090 8,280
Net (income)/loss attributable to noncontrolling interests (1,500) (92) (3,336) (364)
Net (income)/loss attributable to noncontrolling interests 4 37 (2) 30
Net income/(loss) attributable to OP unitholders 40,549 3,188 88,917 8,112
United Dominion Reality L.P. [Member]
       
REVENUES        
Rental income 107,444 101,559 314,656 299,750
OPERATING EXPENSES        
Property operating and maintenance 19,906 19,339 56,468 55,952
Real estate taxes and insurance 11,785 11,796 35,050 33,774
Property management 2,955 2,793 8,653 8,243
Other operating expenses 1,484 1,405 4,371 4,215
Real estate depreciation and amortization 45,043 44,333 134,011 133,962
General and administrative 6,939 6,855 21,368 18,324
Casualty-related (recoveries)/charges, net 0 (3,807) 500 (8,083)
Total operating expenses 88,112 82,714 260,421 246,387
Operating income 19,332 18,845 54,235 53,363
Interest expense (9,306) (8,506) (27,176) (26,284)
Interest expense on note payable due to General Partner (1,151) (267) (3,453) (801)
Income/(loss) from continuing operations 8,875 10,072 23,606 26,278
Income/(loss) from discontinued operations, net of tax 0 978 0 2,766
Income/(loss) before gain/(loss) of real estate owned 8,875 11,050 23,606 29,044
Gains/(loss) on sales of real estate owned 0 0 40,687 0
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
Income/(loss) per OP unit- basic and diluted:        
Income/(loss) from continuing operations attributable to OP unitholders (in dollars per share) $ 0.05 $ 0.05 $ 0.35 $ 0.14
Income/(loss) from discontinued operations (in dollars per share) $ 0.00 $ 0.01 $ 0.00 $ 0.02
Net income/(loss) attributable to OP unitholders (in dollars per share) $ 0.05 $ 0.06 $ 0.35 $ 0.16
Weighted average OP units outstanding - basic and diluted 183,279 184,281 183,279 184,281