Three Months Ended

Six Months Ended

June 30,

2025

2024

2025

2024

Numerator for income/(loss) per share:

Net income/(loss)

$

40,229

$

31,013

$

122,300

$

77,323

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

(2,545)

(2,013)

(7,884)

(5,162)

Net (income)/loss attributable to noncontrolling interests

(11)

(117)

(23)

(129)

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

37,673

28,883

114,393

72,032

Distributions to preferred stockholders — Series E (Convertible)

(1,211)

(1,210)

(2,417)

(2,441)

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

$

36,462

$

27,673

$

111,976

$

69,591

Denominator for income/(loss) per share:

Weighted average common shares outstanding

331,284

329,428

331,211

329,336

Unvested restricted stock awards

(506)

(372)

(508)

(396)

Denominator for basic income/(loss) per share

330,778

329,056

330,703

328,940

Incremental shares issuable from assumed conversion of unvested LTIP Units, performance units, stock options and unvested restricted stock

937

516

1,014

394

Denominator for diluted income/(loss) per share

331,715

329,572

331,717

329,334

Income/(loss) per weighted average common share:

Basic

$

0.11

$

0.08

$

0.34

$

0.21

Diluted

$

0.11

$

0.08

$

0.34

$

0.21