XML 77 R52.htm IDEA: XBRL DOCUMENT v3.3.1.900
Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2015
Accounting Policies [Abstract]  
Notes receivable
Notes Receivable

The following table summarizes our notes receivable, net as of December 31, 2015 and 2014 (dollars in thousands):
 
Interest rate at
 
Balance Outstanding
 
December 31,
2015
 
December 31,
2015
 
December 31,
2014
Note due February 2017 (a)
10.00
%
 
$
12,994

 
$
11,869

Note due July 2017 (b)
8.00
%
 
2,500

 
2,500

Note due October 2020 (c)
8.00
%
 
1,200

 

Total notes receivable, net
 
 
$
16,694

 
$
14,369

Computation of basic and diluted earning per share
The following table sets forth the computation of basic and diluted income/(loss) per share for the periods presented (dollars and shares in thousands, except per share data):
 
Year Ended December 31,
 
2015
 
2014
 
2013
Numerator for income/(loss) per share:
 
 
 
 
 
Income/(loss) from continuing operations
$
105,482

 
$
16,260

 
$
2,340

Gain/(loss) on sale of real estate owned, net of tax
251,677

 
143,572

 

(Income)/loss from continuing operations attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership
(16,773
)
 
(5,511
)
 
48

(Income)/loss from continuing operations attributable to noncontrolling interests
(3
)
 
3

 
60

Income/(loss) from continuing operations attributable to UDR, Inc.
340,383

 
154,324

 
2,448

Distributions to preferred stockholders - Series E (Convertible)
(3,722
)
 
(3,724
)
 
(3,724
)
Income/(loss) from continuing operations attributable to common stockholders - basic
336,661

 
150,600

 
(1,276
)
Dilutive distributions to preferred stockholders - Series E (Convertible)
3,722

 

 

Income/(loss) from continuing operations attributable to common stockholders - dilutive
$
340,383

 
$
150,600

 
$
(1,276
)
 
 
 
 
 
 
Income/(loss) from discontinued operations, net of tax
$

 
$
10

 
$
43,942

(Income)/loss from discontinued operations attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership

 

 
(1,578
)
Income/(loss) from discontinued operations attributable to common stockholders
$

 
$
10

 
$
42,364

 
 
 
 
 
 
Net income/(loss) attributable to common stockholders
$
336,661

 
$
150,610

 
$
41,088

 
 
 
 
 
 
Denominator for income/(loss) per share - basic and diluted:
 
 
 
 
 
Weighted average common shares outstanding
259,873

 
252,707

 
250,684

Non-vested restricted stock awards
(1,204
)
 
(1,179
)
 
(715
)
Denominator for income/(loss) per share - basic
258,669

 
251,528

 
249,969

Incremental shares issuable from assumed conversion of dilutive preferred stock, stock options and unvested restricted stock
5,083

 
1,917

 

Denominator for income/(loss) per share - diluted
263,752

 
253,445

 
249,969

 
 
 
 
 
 
Income/(loss) per weighted average common share - basic:
 
 
 
 
 
Income/(loss) from continuing operations attributable to common stockholders
$
1.30

 
$
0.60

 
$
(0.01
)
Income/(loss) from discontinued operations attributable to common stockholders

 

 
0.17

Net income/(loss) attributable to common stockholders
$
1.30

 
$
0.60

 
$
0.16

 
 
 
 
 
 
Income/(loss) per weighted average common share - diluted:
 
 
 
 
 
Income/(loss) from continuing operations attributable to common stockholders
$
1.29

 
$
0.59

 
$
(0.01
)
Income/(loss) from discontinued operations attributable to common stockholders

 

 
0.17

Net income/(loss) attributable to common stockholders
$
1.29

 
$
0.59

 
$
0.16