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Consolidated Statements of Operations (Unaudited) (UNITED DOMINION REALTY, L.P) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2015
Jun. 30, 2014
OPERATING EXPENSES        
Property operating and maintenance $ 37,194 $ 36,840 $ 74,444 $ 73,560
Real estate taxes and insurance 25,138 23,716 51,360 49,147
Property management 5,851 5,527 11,545 10,872
Other operating expenses 1,769 2,162 3,535 4,088
General and administrative 13,721 12,530 25,873 24,524
Casualty-related (recoveries)/charges, net 843 0 1,839 500
Total operating expenses 176,560 170,844 351,040 342,373
Operating income 39,302 32,862 84,575 59,372
Interest and other income/(expense), net 382 1,426 742 2,841
Income/(loss) from continuing operations 10,842 4,359 87,259 (836)
Income/(loss) from discontinued operations, net of tax 0 18 0 (69)
Gains/(loss) on sales of real estate owned 79,042 26,709 79,042 51,003
Net income/(loss) 89,884 31,086 166,301 50,098
Net (income)/loss attributable to noncontrolling interests (3,253) (1,129) (5,623) (1,836)
Net (income)/loss attributable to noncontrolling interests     (7)  
Net income/(loss) attributable to OP unitholders 86,855 30,007 160,677 48,368
United Dominion Reality L.P. [Member]        
REVENUES        
Rental income 113,158 104,842 223,253 207,212
OPERATING EXPENSES        
Property operating and maintenance 19,065 18,328 38,179 36,562
Real estate taxes and insurance 11,810 11,546 24,676 23,265
Property management 3,112 2,883 6,139 5,698
Other operating expenses 1,496 1,451 2,986 2,887
Real estate depreciation and amortization 44,100 44,697 88,578 88,968
General and administrative 7,032 7,459 12,671 14,429
Casualty-related (recoveries)/charges, net 280 0 873 500
Total operating expenses 86,895 86,364 174,102 172,309
Operating income 26,263 18,478 49,151 34,903
Interest expense (9,757) (9,008) (19,377) (17,871)
Interest expense on note payable due to General Partner (1,151) (1,151) (2,302) (2,302)
Income/(loss) before gain/(loss) of real estate owned 15,355 8,319 27,472 14,730
Gains/(loss) on sales of real estate owned 32,375 16,285 56,998 40,687
Net income/(loss) 47,730 24,604 84,470 55,417
Net (income)/loss attributable to noncontrolling interests (347) (178) (741) (458)
Net income/(loss) attributable to OP unitholders $ 47,383 $ 24,426 $ 83,729 $ 54,959
Income/(loss) per OP unit- basic and diluted:        
Net income/(loss) attributable to OP unitholders (in dollars per share) $ 0.26 $ 0.13 $ 0.46 $ 0.30
Weighted average OP units outstanding - basic and diluted 183,279 183,279 183,279 183,279