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REPORTABLE SEGMENTS (Tables) | 3 Months Ended
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Mar. 31, 2026
REPORTABLE SEGMENTS |
Schedule of rental income and NOI for UDRs reportable segments and reconciliation of NOI to Net income/(loss) | ​ The following table details rental income and NOI for UDR’s reportable segments for the three months ended March 31, 2026 and 2025, and reconciles NOI to Net income/(loss) attributable to UDR, Inc. on the Consolidated Statements of Operations (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | March 31, (a)
​ | ​ ​ ​ | 2026 | ​ ​ ​ | 2025
Reportable apartment home segment lease revenue | ​ | ​ | ​ | ​ | ​ | ​
Same-Store Communities | ​ ​ ​ | ​ | ​ | ​ ​ ​ | ​ | ​
West Region | ​ | $ | 125,741 | ​ | $ | 122,392
Northeast Region | ​ |  | 81,896 | ​ |  | 80,086
Mid-Atlantic Region | ​ |  | 77,438 | ​ |  | 77,215
Southeast Region | ​ |  | 53,024 | ​ |  | 54,178
Southwest Region | ​ |  | 46,575 | ​ |  | 47,475
Non-Mature Communities/Other | ​ |  | 24,048 | ​ |  | 23,913
Total segment and consolidated lease revenue | ​ | $ | 408,722 | ​ | $ | 405,259
​ | ​ | ​ | ​ | ​ | ​ | ​
Reportable apartment home segment other revenue | ​ | ​ | ​ | ​ | ​ | ​
Same-Store Communities | ​ ​ ​ | ​ | ​ | ​ ​ ​ | ​ | ​
West Region | ​ | $ | 3,048 | ​ | $ | 3,222
Northeast Region | ​ |  | 2,065 | ​ |  | 2,166
Mid-Atlantic Region | ​ |  | 3,541 | ​ |  | 3,310
Southeast Region | ​ |  | 3,014 | ​ |  | 2,904
Southwest Region | ​ |  | 2,304 | ​ |  | 2,307
Non-Mature Communities/Other | ​ |  | 627 | ​ |  | 668
Total segment and consolidated other revenue | ​ | $ | 14,599 | ​ | $ | 14,577
​ | ​ | ​ | ​ | ​ | ​ | ​
Total reportable apartment home segment rental income | ​ | ​ | ​ | ​ | ​ | ​
Same-Store Communities | ​ ​ ​ | ​ | ​ | ​ ​ ​ | ​ | ​
West Region | ​ | $ | 128,789 | ​ | $ | 125,614
Northeast Region | ​ |  | 83,961 | ​ |  | 82,252
Mid-Atlantic Region | ​ |  | 80,979 | ​ |  | 80,525
Southeast Region | ​ |  | 56,038 | ​ |  | 57,082
Southwest Region | ​ |  | 48,879 | ​ |  | 49,782
Non-Mature Communities/Other | ​ |  | 24,675 | ​ |  | 24,581
Total segment and consolidated rental income | ​ | $ | 423,321 | ​ | $ | 419,836
​ | ​ | ​ | ​ | ​ | ​ | ​
Total reportable apartment home segment operating expenses | ​ | ​ | ​ | ​ | ​ | ​
Same-Store Communities | ​ | ​ | ​ | ​ | ​ | ​
Personnel | ​ | $ | 19,645 | ​ | $ | 18,887
Utilities | ​ | ​ | 20,324 | ​ | ​ | 18,769
Repair and maintenance | ​ | ​ | 25,653 | ​ | ​ | 24,033
Administrative and marketing | ​ | ​ | 9,875 | ​ | ​ | 9,385
Real estate taxes | ​ | ​ | 51,072 | ​ | ​ | 50,103
Insurance | ​ | ​ | 5,156 | ​ | ​ | 4,998
Non-Mature Communities/Other (b) | ​ | ​ | 8,866 | ​ | ​ | 8,560
Total segment and consolidated operating expenses | ​ | $ | 140,591 | ​ | $ | 134,735
​ | ​ | ​ | ​ | ​ | ​ | ​
Reportable apartment home segment NOI | ​ |  | ​ | ​ |  | ​
Same-Store Communities | ​ |  | ​ | ​ |  | ​
West Region | ​ | $ | 92,347 | ​ | $ | 91,912
Northeast Region | ​ |  | 52,756 | ​ |  | 52,458
Mid-Atlantic Region | ​ |  | 54,151 | ​ |  | 54,900
Southeast Region | ​ |  | 37,507 | ​ |  | 38,925
Southwest Region | ​ |  | 30,160 | ​ |  | 30,885
Non-Mature Communities/Other | ​ |  | 15,809 | ​ |  | 16,021
Total segment and consolidated NOI | ​ |  | 282,730 | ​ |  | 285,101
​ | ​ | ​ | ​ | ​ | ​ | ​
Reconciling items: | ​ |  | ​ | ​ |  | ​
Joint venture management and other fees | ​ |  | 2,528 | ​ |  | 2,112
Property management | ​ |  | (13,758) | ​ |  | (13,645)
Other operating expenses | ​ |  | (9,415) | ​ |  | (8,059)
Real estate depreciation and amortization | ​ |  | (161,268) | ​ |  | (161,394)
General and administrative | ​ |  | (19,364) | ​ |  | (19,495)
Casualty-related (charges)/recoveries, net | ​ |  | (5,729) | ​ |  | (3,297)
Other depreciation and amortization | ​ |  | (3,335) | ​ |  | (7,067)
Gain/(loss) on sale of real estate owned | ​ | ​ | 157,416 | ​ | ​ | 47,939
Income/(loss) from unconsolidated entities | ​ |  | 19,696 | ​ |  | 5,814
Interest expense | ​ |  | (48,576) | ​ |  | (47,701)
Interest income and other income/(expense), net | ​ |  | 2,434 | ​ |  | 1,921
Tax (provision)/benefit, net | ​ |  | (455) | ​ |  | (158)
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership | ​ |  | (13,061) | ​ |  | (5,339)
Net (income)/loss attributable to noncontrolling interests | ​ |  | (12) | ​ |  | (12)
Net income/(loss) attributable to UDR, Inc. | ​ | $ | 189,831 | ​ | $ | 76,720
(a) | Same-Store Community population consisted of 52,782 apartment homes.
(b) | Non-Mature Communities/Other operating expenses include costs to manage recently acquired, developed and redeveloped communities, and the non-apartment components of mixed-use properties.
Schedule of details of assets of UDR's reportable segments | The following table details the assets of UDR’s reportable segments as of March 31, 2026 and December 31, 2025 (dollars in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ ​ ​ | March 31, | ​ ​ ​ | December 31,
​ | ​ | 2026 | ​ | 2025
Reportable apartment home segment assets: |  | ​ | ​ |  | ​ | ​
Same-Store Communities (a): |  | ​ | ​ |  | ​ | ​
West Region | ​ | $ | 4,696,038 | ​ | $ | 4,681,206
Northeast Region | ​ |  | 3,844,560 | ​ |  | 3,835,341
Mid-Atlantic Region | ​ |  | 3,272,143 | ​ |  | 3,268,160
Southeast Region | ​ |  | 1,641,936 | ​ |  | 1,634,894
Southwest Region | ​ |  | 1,760,267 | ​ |  | 1,756,582
Non-Mature Communities/Other | ​ |  | 993,636 | ​ |  | 1,311,702
Total segment assets | ​ |  | 16,208,580 | ​ |  | 16,487,885
Accumulated depreciation | ​ |  | (7,378,368) | ​ |  | (7,374,546)
Total segment assets — net book value | ​ |  | 8,830,212 | ​ |  | 9,113,339
Reconciling items: | ​ |  | ​ | ​ |  | ​
Cash and cash equivalents | ​ |  | 1,300 | ​ |  | 1,222
Restricted cash | ​ |  | 33,498 | ​ |  | 35,710
Notes receivable, net | ​ |  | 153,564 | ​ |  | 149,979
Investment in and advances to unconsolidated joint ventures, net | ​ |  | 757,689 | ​ |  | 886,492
Operating lease right-of-use assets | ​ | ​ | 186,641 | ​ | ​ | 187,624
Other assets | ​ |  | 370,870 | ​ |  | 231,308
Total consolidated assets | ​ | $ | 10,333,774 | ​ | $ | 10,605,674
(a) | Same-Store Community population consisted of 52,782 apartment homes.
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