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REPORTABLE SEGMENTS (Tables)
6 Months Ended
Jun. 30, 2021
REPORTABLE SEGMENTS  
Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to Net income/(loss)

The following table details rental income and NOI for UDR’s reportable segments for the three and six months ended June 30, 2021 and 2020, and reconciles NOI to Net income/(loss) attributable to UDR, Inc. on the Consolidated Statements of Operations (dollars in thousands):

Three Months Ended

Six Months Ended

June 30, (a)

June 30, (b)

    

2021

    

2020

    

2021

    

2020

Reportable apartment home segment lease revenue

Same-Store Communities (a)

  

    

  

    

  

    

  

West Region

$

103,059

$

107,901

$

201,810

$

217,747

Mid-Atlantic Region

 

61,390

 

61,232

 

121,307

 

123,769

Northeast Region

 

51,864

 

53,143

 

103,916

 

110,639

Southeast Region

 

37,255

 

35,368

 

70,142

 

67,561

Southwest Region

 

23,765

 

23,379

 

46,976

 

47,194

Non-Mature Communities/Other

 

22,477

 

16,559

 

47,105

 

42,293

Total segment and consolidated lease revenue

$

299,810

$

297,582

$

591,256

$

609,203

Reportable apartment home segment other revenue

Same-Store Communities (a)

  

    

  

    

  

    

  

West Region

$

2,653

$

2,978

$

5,329

$

5,879

Mid-Atlantic Region

 

1,972

 

1,540

 

3,674

 

3,240

Northeast Region

 

1,048

 

1,371

 

2,093

 

2,434

Southeast Region

 

1,889

 

1,328

 

3,292

 

2,779

Southwest Region

 

1,053

 

741

 

1,930

 

1,563

Non-Mature Communities/Other

 

691

 

442

 

1,368

 

977

Total segment and consolidated other revenue

$

9,306

$

8,400

$

17,686

$

16,872

Total reportable apartment home segment rental income

Same-Store Communities (a)

  

    

  

    

  

    

  

West Region

$

105,712

$

110,879

$

207,139

$

223,626

Mid-Atlantic Region

 

63,362

 

62,772

 

124,981

 

127,009

Northeast Region

 

52,912

 

54,514

 

106,009

 

113,073

Southeast Region

 

39,144

 

36,696

 

73,434

 

70,340

Southwest Region

 

24,818

 

24,120

 

48,906

 

48,757

Non-Mature Communities/Other

 

23,168

 

17,001

 

48,473

 

43,270

Total segment and consolidated rental income

$

309,116

$

305,982

$

608,942

$

626,075

Reportable apartment home segment NOI

 

  

 

  

 

  

 

  

Same-Store Communities (a)

 

  

 

  

 

  

 

  

West Region

$

77,120

$

83,112

$

150,931

$

168,229

Mid-Atlantic Region

 

43,733

 

43,929

 

86,135

 

89,245

Northeast Region

 

34,227

 

37,186

 

67,570

 

77,509

Southeast Region

 

26,297

 

24,265

 

49,625

 

47,986

Southwest Region

 

15,312

 

14,537

 

30,147

 

29,915

Non-Mature Communities/Other

 

11,947

 

9,224

 

25,286

 

24,834

Total segment and consolidated NOI

 

208,636

 

212,253

 

409,694

 

437,718

Reconciling items:

 

  

 

  

 

  

 

  

Joint venture management and other fees

 

2,232

 

1,274

 

3,847

 

2,662

Property management

 

(9,273)

 

(8,797)

 

(18,268)

 

(18,000)

Other operating expenses

 

(4,373)

 

(6,100)

 

(8,808)

 

(11,066)

Real estate depreciation and amortization

 

(146,169)

 

(155,056)

 

(290,257)

 

(310,532)

General and administrative

 

(15,127)

 

(10,971)

 

(27,863)

 

(25,949)

Casualty-related (charges)/recoveries, net

 

2,463

 

(102)

 

(3,114)

 

(1,353)

Other depreciation and amortization

 

(2,602)

 

(2,027)

 

(5,203)

 

(4,052)

Gain/(loss) on sale of real estate owned

61,303

50,829

61,303

Income/(loss) from unconsolidated entities

 

9,751

 

8,021

 

14,673

 

11,388

Interest expense

 

(35,404)

 

(38,597)

 

(113,560)

 

(77,914)

Interest income and other income/(expense), net

 

2,536

 

2,421

 

4,593

 

5,121

Tax (provision)/benefit, net

 

(135)

 

(1,526)

 

(754)

 

(1,690)

Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership

 

(807)

 

(4,291)

 

(961)

 

(4,604)

Net (income)/loss attributable to noncontrolling interests

 

(8)

 

(34)

 

(24)

 

(40)

Net income/(loss) attributable to UDR, Inc.

$

11,720

$

57,771

$

14,824

$

62,992

(a)Same-Store Community population consisted of 45,974 apartment homes.
(b)Same-Store Community population consisted of 45,404 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, 2021 and December 31, 2020 (dollars in thousands):

    

June 30, 

    

December 31, 

2021

2020

Reportable apartment home segment assets:

 

  

 

  

Same-Store Communities (a):

 

  

 

  

West Region

$

4,334,493

$

4,316,098

Mid-Atlantic Region

 

2,710,788

 

2,698,049

Northeast Region

 

2,911,914

 

2,900,017

Southeast Region

 

1,069,988

 

1,059,771

Southwest Region

 

896,420

 

897,505

Non-Mature Communities/Other

 

1,688,921

 

1,200,032

Total segment assets

 

13,612,524

 

13,071,472

Accumulated depreciation

 

(4,871,506)

 

(4,605,366)

Total segment assets — net book value

 

8,741,018

 

8,466,106

Reconciling items:

 

  

 

  

Cash and cash equivalents

 

3,370

 

1,409

Restricted cash

 

32,700

 

22,762

Notes receivable, net

 

139,047

 

157,992

Investment in and advances to unconsolidated joint ventures, net

 

619,172

 

600,233

Operating lease right-of-use assets

199,206

200,913

Other assets

 

184,758

 

188,118

Total consolidated assets

$

9,919,271

$

9,637,533

(a)Same-Store Community population consisted of 45,974 apartment homes.