XML 76 R64.htm IDEA: XBRL DOCUMENT v3.22.2.2
REPORTABLE SEGMENTS (Details)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2022
USD ($)
home
Sep. 30, 2021
USD ($)
Sep. 30, 2022
USD ($)
segment
home
Sep. 30, 2021
USD ($)
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
Segments            
Same store communities | home 50,318   47,344      
Reportable Segments            
Number of reportable segments | segment     2      
Condition for Community considered to have stabilized occupancy     90%      
Time to maintain percent occupancy to be considered a community     3 months      
Practical expedient, single lease component     true      
Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to loss from continuing operations            
Rental income $ 390,023 $ 328,699 $ 1,113,952 $ 937,641    
Reconciling items:            
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    
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)    
Gain/(loss) on sale of real estate owned 0 0 0 50,829    
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    
Tax (provision)/benefit, net (377) (529) (1,032) (1,283)    
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    
Reportable apartment home segment assets:            
Total segment assets 15,467,980   15,467,980   $ 14,740,803  
Accumulated depreciation (5,605,809)   (5,605,809)   (5,137,096)  
Total real estate owned, net of accumulated depreciation 9,862,171   9,862,171   9,603,707  
Reconciling items:            
Cash and cash equivalents 1,532 1,063 1,532 1,063 967 $ 1,409
Restricted cash 28,363 28,170 28,363 28,170 27,451 $ 22,762
Notes receivable, net 40,128   40,128   26,860  
Investment in and advances to unconsolidated joint ventures, net 761,117   761,117   702,461  
Operating lease right-of-use assets 194,923   194,923   197,463  
Other assets 209,728   209,728   216,311  
Total consolidated assets 11,097,962   11,097,962   10,775,220  
Same Store Communities Western Region            
Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to loss from continuing operations            
Lease revenue 118,843 109,307 340,731 307,138    
Other revenue 3,371 2,713 9,198 7,931    
Rental income 122,214 112,020 349,929 315,069    
Reportable apartment home segment NOI 90,586 82,271 261,876 230,569    
Reportable apartment home segment assets:            
Total segment assets 4,482,472   4,482,472   4,433,824  
Same Store Communities Mid-Atlantic Region            
Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to loss from continuing operations            
Lease revenue 71,462 66,115 201,475 188,897    
Other revenue 3,146 2,549 8,320 6,548    
Rental income 74,608 68,664 209,795 195,445    
Reportable apartment home segment NOI 51,051 46,504 144,749 133,676    
Reportable apartment home segment assets:            
Total segment assets 2,992,280   2,992,280   2,978,060  
Same Store Communities Northeast Region            
Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to loss from continuing operations            
Lease revenue 69,577 59,902 197,058 174,795    
Other revenue 1,937 1,619 4,624 3,773    
Rental income 71,514 61,521 201,682 178,568    
Reportable apartment home segment NOI 46,014 36,777 130,392 109,243    
Reportable apartment home segment assets:            
Total segment assets 3,444,332   3,444,332   3,422,846  
Same Store Communities Southeastern Region            
Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to loss from continuing operations            
Lease revenue 48,608 41,093 139,112 119,731    
Other revenue 2,006 1,732 5,920 5,333    
Rental income 50,614 42,825 145,032 125,064    
Reportable apartment home segment NOI 34,434 28,157 99,029 82,704    
Reportable apartment home segment assets:            
Total segment assets 1,226,851   1,226,851   1,208,183  
Same Store Communities Southwestern Region            
Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to loss from continuing operations            
Lease revenue 36,801 32,261 80,568 71,710    
Other revenue 1,647 1,363 3,120 2,976    
Rental income 38,448 33,624 83,688 74,686    
Reportable apartment home segment NOI 23,609 20,751 52,651 46,255    
Reportable apartment home segment assets:            
Total segment assets 1,270,687   1,270,687   1,247,434  
Non-Mature communities/Other            
Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to loss from continuing operations            
Lease revenue 31,555 9,947 119,416 47,612    
Other revenue 1,070 98 4,410 1,197    
Rental income 32,625 10,045 123,826 48,809    
Reportable apartment home segment NOI 19,324 5,020 74,809 26,727    
Reportable apartment home segment assets:            
Total segment assets 2,051,358   2,051,358   $ 1,450,456  
Total Communities            
Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to loss from continuing operations            
Lease revenue 376,846 318,625 1,078,360 909,883    
Other revenue 13,177 10,074 35,592 27,758    
Rental income 390,023 328,699 1,113,952 937,641    
Reportable apartment home segment NOI $ 265,018 $ 219,480 $ 763,506 $ 629,174    
Taxable REIT Subsidiaries            
Reportable Segments            
Management fee (as a percent)     3.25%