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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES:        
Rental income $ 390,023 $ 328,699 $ 1,113,952 $ 937,641
Joint venture management and other fees $ 1,274 $ 1,071 $ 3,778 $ 4,918
Type of revenue udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember
Total revenues $ 391,297 $ 329,770 $ 1,117,730 $ 942,559
OPERATING EXPENSES:        
Property operating and maintenance 66,769 57,708 185,658 160,424
Real estate taxes and insurance 58,236 51,511 164,788 148,043
Property management 12,675 9,861 36,203 28,129
Other operating expenses 3,746 4,237 13,485 13,045
Real estate depreciation and amortization 166,781 152,636 497,987 442,893
General and administrative 15,840 15,810 47,333 43,673
Casualty-related charges/(recoveries), net 901 1,568 1,210 4,682
Other depreciation and amortization 3,430 3,269 9,521 8,472
Total operating expenses 328,378 296,600 956,185 849,361
Gain/(loss) on sale of real estate owned 0 0 0 50,829
Operating income 62,919 33,170 161,545 144,027
Income/(loss) from unconsolidated entities 10,003 14,450 4,186 29,123
Interest expense (39,905) (36,289) (112,653) (149,849)
Interest income and other income/(expense), net (7,495) 8,238 (6,934) 12,831
Income/(loss) before income taxes 25,522 19,569 46,144 36,132
Tax (provision)/benefit, net (377) (529) (1,032) (1,283)
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)
Net income/(loss) attributable to common stockholders $ 22,499 $ 16,673 $ 39,087 $ 29,384
Income/(loss) per weighted average common share - basic $ 0.07 $ 0.06 $ 0.12 $ 0.10
Income/(loss) per weighted average common share - diluted $ 0.07 $ 0.06 $ 0.12 $ 0.10
Weighted average number of common shares outstanding - basic 324,701 297,828 320,378 296,998
Weighted average number of common shares outstanding - diluted 325,686 301,164 321,629 298,045