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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
REVENUES:        
Rental income $ 423,001 $ 413,328 $ 842,837 $ 824,997
Joint venture management and other fees $ 2,398 $ 1,992 $ 4,510 $ 3,957
Type of revenue udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember
Total revenues $ 425,399 $ 415,320 $ 847,347 $ 828,954
OPERATING EXPENSES:        
Property operating and maintenance 75,613 70,443 151,603 143,921
Real estate taxes and insurance 57,008 58,884 115,753 117,679
Property management 13,747 13,433 27,392 26,812
Other operating expenses 7,753 7,593 15,812 14,421
Real estate depreciation and amortization 163,191 170,488 324,585 340,346
General and administrative 19,929 20,136 39,424 37,946
Casualty-related charges/(recoveries), net 3,382 998 6,679 7,276
Other depreciation and amortization 7,387 4,679 14,454 8,995
Total operating expenses 348,010 346,654 695,702 697,396
Gain/(loss) on sale of real estate owned     47,939 16,867
Operating income 77,389 68,666 199,584 148,425
Income/(loss) from unconsolidated entities 3,629 4,046 9,443 13,131
Interest expense (48,665) (47,811) (96,366) (95,873)
Interest income and other income/(expense), net 8,134 6,498 10,055 12,363
Income/(loss) before income taxes 40,487 31,399 122,716 78,046
Tax (provision)/benefit, net (258) (386) (416) (723)
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)
Net income/(loss) attributable to common stockholders $ 36,462 $ 27,673 $ 111,976 $ 69,591
Income/(loss) per weighted average common share - basic $ 0.11 $ 0.08 $ 0.34 $ 0.21
Income/(loss) per weighted average common share - diluted $ 0.11 $ 0.08 $ 0.34 $ 0.21
Weighted average number of common shares outstanding - basic 330,778 329,056 330,703 328,940
Weighted average number of common shares outstanding - diluted 331,715 329,572 331,717 329,334