XML 23 R55.htm IDEA: XBRL DOCUMENT v3.2.0.727
Reportable Segments (UNITED DOMINION REALTY, L.P.) (Tables)
6 Months Ended
Jun. 30, 2015
United Dominion Reality L.P. [Member]  
Entity Information [Line Items]  
Reportable segments information
The following table details rental income and NOI from continuing and discontinued operations for the Operating Partnership’s reportable segments for the three and six months ended June 30, 2015 and 2014, and reconciles NOI to Net income/(loss) attributable to OP unitholders 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
$
48,175

 
$
44,544

 
$
95,082

 
$
87,916

Mid-Atlantic Region
17,613

 
17,364

 
34,862

 
34,610

Southeast Region
11,870

 
11,254

 
23,549

 
22,385

Northeast Region
15,497

 
14,658

 
30,570

 
28,925

Southwest Region
6,868

 
6,653

 
13,605

 
13,206

Non-Mature Communities/Other
13,135

 
10,369

 
25,585

 
20,170

Total consolidated rental income
$
113,158

 
$
104,842

 
$
223,253

 
$
207,212

Reportable apartment home segment NOI
 
 
 
 
 
 
 
Same-Store Communities
 
 
 
 
 
 
 
West Region
$
36,447

 
$
32,487

 
$
71,094

 
$
63,958

Mid-Atlantic Region
11,894

 
11,900

 
23,360

 
23,466

Southeast Region
7,938

 
7,503

 
15,648

 
14,959

Northeast Region
12,074

 
11,415

 
23,647

 
22,053

Southwest Region
4,361

 
4,168

 
8,574

 
8,386

Non-Mature Communities/Other
9,569

 
7,495

 
18,075

 
14,563

Total consolidated NOI
82,283

 
74,968

 
160,398

 
147,385

Reconciling items:
 
 
 
 
 
 
 
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
)
 

 
(873
)
 
(500
)
Interest expense
(10,908
)
 
(10,159
)
 
(21,679
)
 
(20,173
)
Gain/(loss) on sale of real estate owned
32,375

 
16,285

 
56,998

 
40,687

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


(a)
Same-Store Community population consisted of 18,969 apartment homes.
(b)
Same-Store Community population consisted of 18,969 apartment homes
The following table details the assets of the Operating Partnership’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
$
1,670,364

 
$
1,658,042

Mid-Atlantic Region
716,152

 
713,093

Southeast Region
335,662

 
333,428

Northeast Region
780,235

 
777,376

Southwest Region
230,330

 
228,996

Non-Mature Communities/Other
506,252

 
527,835

Total assets
4,238,995

 
4,238,770

Accumulated depreciation
(1,474,834
)
 
(1,403,303
)
Total assets - net book value
2,764,161

 
2,835,467

Reconciling items:
 
 
 
Cash and cash equivalents
164

 
502

Restricted cash
14,456

 
13,811

Deferred financing costs, net
3,707

 
4,475

Other assets
23,090

 
24,029

Total consolidated assets
$
2,805,578

 
$
2,878,284