XML 66 R54.htm IDEA: XBRL DOCUMENT v3.22.2.2
INCOME (LOSS) PER SHARE (Details) - USD ($)
$ / shares in Units, $ in Thousands
 1 Months Ended 3 Months Ended 9 Months Ended
Oct. 27, 2022
Jun. 30, 2022
Mar. 31, 2022
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Jul. 31, 2021
Antidilutive securities                  
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    
Denominator for income/(loss) per share:                  
Weighted average common shares outstanding       324,983,000 298,075,000 320,654,000 297,252,000    
Non-vested restricted stock awards       (282,000) (247,000) (276,000) (254,000)    
Denominator for basic income/(loss) per share       324,701,000 297,828,000 320,378,000 296,998,000    
Incremental shares issuable from assumed conversion of unvested LTIP Units, performance units, unvested restricted stock and shares issuable upon settlement of forward sales agreements       985,000 3,336,000 1,251,000 1,047,000    
Denominator for diluted income/(loss) per share       325,686,000 301,164,000 321,629,000 298,045,000    
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    
Number of shares authorized       450,000,000   450,000,000   450,000,000  
Aggregate net proceeds           $ 449,945 $ 499,337    
Aggregate net proceeds from sales, after deducting related costs       $ 99,677 $ 499,730 $ 449,945 $ 499,337    
Number of shares agreed to repurchase (in shares)       700,000   700,000      
Average price of shares to be repurchased (dollar per share)       $ 41.46   $ 41.46      
Approximate amount committed for the repurchase of common shares       $ 28,400   $ 28,400      
Shares repurchased (in shares)           400,000      
Repurchase of common shares           $ 15,150      
Subsequent Event                  
Denominator for income/(loss) per share:                  
Number of shares agreed to repurchase (in shares) 300,000                
Approximate amount committed for the repurchase of common shares $ 13,200                
Shares repurchased (in shares) 500,000                
Average price of shares repurchased (dollar per share) $ 40.70                
Repurchase of common shares $ 20,600                
OP/DownREIT Units                  
Antidilutive securities                  
Antidilutive securities       21,474,000 22,529,000 21,514,000 22,493,000    
Convertible Preferred Stock                  
Antidilutive securities                  
Antidilutive securities       2,918,000 2,918,000 2,918,000 2,918,000    
Unvested LTIP Units and unvested restricted stock                  
Antidilutive securities                  
Antidilutive securities       985,000 3,336,000 1,251,000 1,047,000    
ATM                  
Denominator for income/(loss) per share:                  
Number of shares authorized                 20,000,000.0
Net proceeds           $ 450,800      
Forward price   $ 52.46              
Aggregate net proceeds from sales, after deducting related costs           $ 449,900      
Shares of common stock available for future issuance       14,000,000.0   14,000,000.0      
Shares settled           8,300,000      
Forward Sales Agreement                  
Denominator for income/(loss) per share:                  
Commissions paid to sales agents   $ 7,500              
Net proceeds   $ 230,900   $ 99,800   $ 219,900      
Forward price   $ 52.46 $ 57.565 $ 57.00   $ 57.10      
Shares of common stock available for future issuance     7,000,000.0            
Shares non-settled           3,200,000      
Shares settled   4,400,000   1,800,000   3,900,000