Reportable Segment (Tables)

6 Months Ended

Jun. 30, 2015

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 six months ended June 30, 2015 and 2014, and reconciles NOI to Net Income/(Loss) Attributable to UDR, Inc. in the Consolidated Statements of Operations (dollars in thousands):



	Three Months Ended						Six Months Ended
	June 30, (a)						June 30, (b)
	2015			2014			2015			2014
Reportable apartment home segment rental income
Same-Store Communities
West Region	$	68,646		$	64,004		$	135,595		$	126,405
Mid-Atlantic Region	43,536			42,644			86,331			84,694
Southeast Region	26,540			25,063			52,505			49,774
Northeast Region	21,436			20,294			42,328			40,096
Southwest Region	14,363			13,623			28,470			27,090
Non-Mature Communities/Other	38,243			35,409			74,582			67,378
Total consolidated rental income	$	212,764		$	201,037		$	419,811		$	395,437

Reportable apartment home segment NOI
Same-Store Communities
West Region	$	51,400		$	46,496		$	100,999		$	91,287
Mid-Atlantic Region	30,302			29,863			59,590			58,699
Southeast Region	17,876			16,769			35,207			33,465
Northeast Region	16,269			15,459			31,835			30,004
Southwest Region	8,998			8,263			17,534			16,621
Non-Mature Communities/Other	25,587			23,542			48,842			42,440
Total consolidated NOI	150,432			140,392			294,007			272,516
Reconciling items:
Joint venture management and other fees	3,098			2,747			15,804			6,434
Property management	(5,851		)	(5,529		)	(11,545		)	(10,875		)
Other operating expenses	(1,769		)	(2,171		)	(3,535		)	(4,106		)
Real estate depreciation and amortization	(90,344		)	(88,876		)	(179,121		)	(177,409		)
General and administrative	(13,721		)	(12,530		)	(25,873		)	(24,524		)
Casualty-related recoveries/(charges), net	(843		)	—			(1,839		)	(500		)
Other depreciation and amortization	(1,700		)	(1,193		)	(3,323		)	(2,273		)
Income/(loss) from unconsolidated entities	(573		)	(428		)	58,586			(3,993		)
Interest expense	(29,673		)	(31,691		)	(58,473		)	(64,575		)
Interest income and other income/(expense), net	382			1,426			742			2,841
Tax benefit/(expense), net	1,404			2,230			1,829			5,559
Gain/(loss) on sale of real estate owned, net of tax	79,042			26,709			79,042			51,003
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership	(3,029		)	(1,077		)	(5,617		)	(1,724		)
Net (income)/loss attributable to noncontrolling interests	—			(2		)	(7		)	(6		)
Net income/(loss) attributable to UDR, Inc.	$	86,855		$	30,007		$	160,677		$	48,368


(a)	Same-Store Community population consisted of 35,250 apartment homes.


(b)	Same-Store Community population consisted of 35,250 apartment homes.

Details of assets of UDR's reportable segments

The following table details the assets of UDR’s reportable segments as of June 30, 2015 and December 31, 2014 (dollars in thousands):



	June 30, 2015			December 31, 2014
Reportable apartment home segment assets:
Same-Store Communities:
West Region	$	2,608,586		$	2,592,156
Mid-Atlantic Region	1,541,420			1,533,993
Southeast Region	738,595			733,068
Northeast Region	1,081,035			1,076,656
Southwest Region	443,526			440,721
Non-Mature Communities/Other	2,012,117			2,006,665
Total assets	8,425,279			8,383,259
Accumulated depreciation	(2,557,949		)	(2,434,772		)
Total assets — net book value	5,867,330			5,948,487
Reconciling items:
Cash and cash equivalents	2,990			15,224
Restricted cash	22,912			22,340
Deferred financing costs, net	19,930			22,686
Notes receivable, net	15,494			14,369
Investment in and advances to unconsolidated joint ventures, net	914,815			718,226
Other assets	96,259			105,202
Total consolidated assets	$	6,939,730		$	6,846,534