XML 85 R60.htm IDEA: XBRL DOCUMENT v3.3.1.900

Income Taxes (Tables)

12 Months Ended

Dec. 31, 2015

Income Tax Disclosure [Abstract]

Schedule of taxable distributions paid per common share

Taxable distributions paid per common share were taxable as follows for the years ended December 31, 2015, 2014, and 2013:

	Year Ended December 31,
	2015				2014				2013
Ordinary income	$	0.595			$	0.695			$	0.744
Qualified ordinary income	—				0.139				—
Long-term capital gain	0.329				0.105				0.114
Unrecaptured section 1250 gain	0.168				0.076				0.067
Total	$	1.092			$	1.015			$	0.925

Schedule of components of the provision for income taxes

The components of the provision for income taxes are as follows for the years ended December 31, 2015, 2014, and 2013 (dollars in thousands):

	Year Ended December 31,
	2015				2014				2013
Income tax (benefit)/provision
Current
Federal	$	29			$	147			$	(1,030	)
State	871				550				846
Total current	900				697				(184		)
Deferred
Federal	(4,173		)		20,138				(6,907		)
State	(613		)		5,159				(1,190		)
Total deferred	(4,786		)		25,297				(8,097		)
Total income tax (benefit)/provision	$	(3,886	)		$	25,994			$	(8,281	)
Classification of income tax (benefit)/provision:
Continuing operations	$	(3,886	)		$	(15,098	)		$	(7,299	)
Gain/(loss) on sale of real estate owned	—				41,087				—
Discontinued operations	—				5				(982		)

Schedule of components of TRS deferred tax assets and liabilities

The components of our TRS deferred tax assets and liabilities are as follows for the years ended December 31, 2015, 2014, and 2013 (dollars in thousands):

	Year Ended December 31,
	2015				2014				2013
Deferred tax assets:
Federal and state tax attributes	$	2,227			$	—			$	13,069
Book/tax depreciation	9,016				6,692				19,354
Construction capitalization differences	—				75				—
Debt and interest deductions	—				—				10,311
Other	707				401				—
Total deferred tax assets	11,950				7,168				42,734
Valuation allowance	(81		)		—				(1,310		)
Net deferred tax assets	11,869				7,168				41,424
Deferred tax liabilities:
Construction capitalization differences	—				—				(3,766		)
Investment in partnerships	—				—				(5,080		)
Other	(107		)		(192		)		(305		)
Total deferred tax liabilities	(107		)		(192		)		(9,151		)
Net deferred tax asset	$	11,762			$	6,976			$	32,273

Schedule of effective income tax rate reconciliation

Income tax benefit/(provision), net differed from the amounts computed by applying the U.S. statutory rate of 35% to pretax income/(loss) for the years ended December 31, 2015, 2014, and 2013 as follows (dollars in thousands):

	Year Ended December 31,
	2015				2014				2013
Income tax (benefit)/provision
U.S. federal income tax (benefit)/provision	$	(4,383	)		$	28,819			$	(8,493	)
State income tax provision	442				2,678				46
Other items	(26		)		(137		)		246
Conversion of certain TRS entities to REITs	—				(5,770		)		—
Valuation allowance	81				404				(80		)
Total income tax (benefit)/provision	$	(3,886	)		$	25,994			$	(8,281	)

X

- Definition

This table represents the tax treatments of distribution paid to unit/shareholders. Ordinary dividends are taxed as ordinary income while qualified dividends are taxed as capital gains. This table also includes the nontaxable portions (deferred until unit/share sold) as long-term/short-term capital gains/losses.

+ References

No definition available.

+ Details

Name:	udr_TaxTreatmentOfDistributionsTableTextBlock
Namespace Prefix:	udr_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix:	us-gaap_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 9
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32639-109319

+ Details

Name:	us-gaap_ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32537-109319

+ Details

Name:	us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=6907707&loc=d3e32687-109319

+ Details

Name:	us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix:	us-gaap_
Data Type:	nonnum:textBlockItemType
Balance Type:	na
Period Type:	duration