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INCOME/(LOSS) PER SHARE (Tables)
9 Months Ended
Sep. 30, 2025
INCOME/(LOSS) PER SHARE  
Computation of basic and diluted income/(loss) per share

The following table sets forth the computation of basic and diluted income/(loss) per share for the periods presented (dollars and shares in thousands, except per share data):

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

    

2025

    

2024

    

2025

    

2024

Numerator for income/(loss) per share:

  

  

Net income/(loss)

$

43,130

$

24,077

$

165,430

$

101,400

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

 

(2,709)

 

(1,574)

 

(10,593)

 

(6,736)

Net (income)/loss attributable to noncontrolling interests

 

(12)

 

94

 

(35)

 

(35)

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

 

40,409

 

22,597

 

154,802

 

94,629

Distributions to preferred stockholders — Series E (Convertible)

 

(1,211)

 

(1,197)

 

(3,628)

 

(3,638)

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

$

39,198

$

21,400

$

151,174

$

90,991

Denominator for income/(loss) per share:

 

  

 

  

 

  

 

  

Weighted average common shares outstanding

 

331,178

 

329,788

 

331,200

 

329,488

Unvested restricted stock awards

 

(510)

 

(367)

 

(508)

 

(387)

Denominator for basic income/(loss) per share

 

330,668

 

329,421

 

330,692

 

329,101

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

 

573

 

1,136

 

751

 

654

Denominator for diluted income/(loss) per share

 

331,241

 

330,557

 

331,443

 

329,755

Income/(loss) per weighted average common share:

 

  

 

  

 

  

 

  

Basic

$

0.12

$

0.06

$

0.46

$

0.28

Diluted

$

0.12

$

0.06

$

0.46

$

0.28

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table sets forth the additional shares of common stock outstanding, by equity instrument, if converted to common stock for each of the three and nine months ended September 30, 2025 and 2024 (in thousands):

Three Months Ended

Nine Months Ended

September 30, 

September 30, 

2025

2024

2025

2024

OP/DownREIT Units

    

22,816

    

23,854

    

22,851

    

24,198

    

Convertible preferred stock

 

2,816

 

2,815

 

2,816

 

2,858

 

Unvested LTIP Units, performance units, stock options, and unvested restricted stock

 

573

 

1,136

 

751

 

654