Three Months Ended

Nine Months Ended

September 30,

2022

2021

2022

2021

Numerator for income/(loss) per share:

Net income/(loss)

$

25,145

$

19,040

$

45,112

$

34,849

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

(1,533)

(1,260)

(2,684)

(2,221)

Net (income)/loss attributable to noncontrolling interests

(7)

(49)

(34)

(73)

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

23,605

17,731

42,394

32,555

Distributions to preferred stockholders — Series E (Convertible)

(1,106)

(1,058)

(3,307)

(3,171)

Income/(loss) attributable to common stockholders - basic and diluted

$

22,499

$

16,673

$

39,087

$

29,384

Denominator for income/(loss) per share:

Weighted average common shares outstanding

324,983

298,075

320,654

297,252

Non-vested restricted stock awards

(282)

(247)

(276)

(254)

Denominator for basic income/(loss) per share

324,701

297,828

320,378

296,998

Incremental shares issuable from assumed conversion of unvested LTIP Units, performance units, unvested restricted stock and shares issuable upon settlement of forward sales agreements

985

3,336

1,251

1,047

Denominator for diluted income/(loss) per share

325,686

301,164

321,629

298,045

Income/(loss) per weighted average common share:

Basic

$

0.07

$

0.06

$

0.12

$

0.10

Diluted

$

0.07

$

0.06

$

0.12

$

0.10