XML 82 R67.htm IDEA: XBRL DOCUMENT v3.25.3
REPORTABLE SEGMENTS (Details)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2025
USD ($)
home
Sep. 30, 2024
USD ($)
home
Sep. 30, 2025
USD ($)
home
segment
Sep. 30, 2024
USD ($)
home
Dec. 31, 2024
USD ($)
Dec. 31, 2023
USD ($)
Segments            
Same store communities | home 54,915 54,915 54,442 54,442    
Reportable Segments            
Management fee (as a percent)     3.25%      
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 $ 429,294 $ 418,088 $ 1,272,131 $ 1,243,085    
Administrative and marketing 10,530 9,618 29,615 26,479    
Real estate taxes 50,073 48,375 150,022 148,188    
Reconciling items:            
Joint venture management and other fees $ 2,570 $ 2,072 $ 7,080 $ 6,029    
Type of revenue udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember    
Property management $ (13,952) $ (13,588) $ (41,344) $ (40,400)    
Other operating expenses (6,975) (6,382) (22,787) (20,803)    
Real estate depreciation and amortization (165,926) (170,276) (490,511) (510,622)    
General and administrative (22,732) (20,890) (62,156) (58,836)    
Casualty-related (charges)/recoveries, net (1,755) (1,473) (8,434) (8,749)    
Other depreciation and amortization (7,009) (4,029) (21,463) (13,024)    
Gain/(loss) on sale of real estate owned     47,939 16,867    
Income/(loss) from unconsolidated entities 14,011 (1,880) 23,454 11,251    
Interest expense (50,569) (50,214) (146,935) (146,087)    
Interest income and other income/(expense), net 3,714 6,159 13,769 18,522    
Tax (provision)/benefit, net (382) 156 (798) (567)    
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    
Reportable apartment home segment assets:            
Total segment assets 16,401,462   16,401,462   $ 16,213,363  
Accumulated depreciation (7,320,363)   (7,320,363)   (6,901,026)  
Total real estate owned, net of accumulated depreciation 9,081,099   9,081,099   9,312,337  
Reconciling items:            
Cash and cash equivalents 1,194 2,285 1,194 2,285 1,326 $ 2,922
Restricted cash 35,052 33,267 35,052 33,267 34,101 $ 31,944
Notes receivable, net 146,749   146,749   247,849  
Investment in and advances to unconsolidated joint ventures, net 911,575   911,575   917,483  
Operating lease right-of-use assets 184,172   184,172   186,997  
Other assets 242,071   242,071   197,493  
Total consolidated assets 10,601,912   10,601,912   10,897,586  
Total Communities            
Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to loss from continuing operations            
Lease revenue 412,943 403,306 1,225,904 1,202,181    
Other revenue 16,351 14,782 46,227 40,905    
Rental income 429,294 418,088 1,272,131 1,243,086    
Reportable apartment home segment NOI 292,135 284,422 867,616 847,819    
Total segment and consolidated operating expenses 137,159 133,666 404,515 395,267    
Same Communities            
Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to loss from continuing operations            
Personnel 18,897 18,258 56,508 54,035    
Utilities 19,090 18,230 55,460 52,936    
Repair and maintenance 27,539 27,230 77,583 75,403    
Insurance 5,695 6,159 16,267 18,305    
Same Communities | 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 127,324 124,032 374,919 365,245    
Other revenue 3,577 3,238 10,191 9,181    
Rental income 130,901 127,270 385,110 374,426    
Reportable apartment home segment NOI 95,771 93,596 283,352 276,462    
Reportable apartment home segment assets:            
Total segment assets 4,765,030   4,765,030   4,712,621  
Same Communities | 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 83,435 80,407 241,962 232,276    
Other revenue 3,956 3,699 11,041 10,107    
Rental income 87,391 84,106 253,003 242,383    
Reportable apartment home segment NOI 59,341 57,124 173,469 165,750    
Reportable apartment home segment assets:            
Total segment assets 3,437,912   3,437,912   3,401,208  
Same Communities | 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 81,987 79,248 242,623 234,978    
Other revenue 2,696 2,250 7,289 6,042    
Rental income 84,683 81,498 249,912 241,020    
Reportable apartment home segment NOI 55,250 52,360 161,640 155,416    
Reportable apartment home segment assets:            
Total segment assets 3,822,490   3,822,490   3,788,083  
Same Communities | 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 56,140 56,177 168,952 169,892    
Other revenue 3,317 2,950 9,622 8,079    
Rental income 59,457 59,127 178,574 177,971    
Reportable apartment home segment NOI 40,256 40,326 121,391 121,416    
Reportable apartment home segment assets:            
Total segment assets 1,669,745   1,669,745   1,635,360  
Same Communities | 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 49,719 49,899 149,336 150,359    
Other revenue 2,506 2,341 7,245 6,521    
Rental income 52,225 52,240 156,581 156,880    
Reportable apartment home segment NOI 32,215 32,964 97,873 98,290    
Reportable apartment home segment assets:            
Total segment assets 1,901,220   1,901,220   1,889,173  
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 14,338 13,543 48,112 49,431    
Other revenue 299 304 839 975    
Rental income 14,637 13,847 48,951 50,406    
Other 5,335 5,796 19,060 19,921    
Reportable apartment home segment NOI 9,302 $ 8,052 29,891 $ 30,485    
Reportable apartment home segment assets:            
Total segment assets $ 805,065   $ 805,065   $ 786,918