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Earnings Per Operating Partnership Unit (UNITED DOMINION REALTY, L.P.) Earnings/(Loss) Per Operating Partnership Unit
 6 Months Ended
Jun. 30, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]  
Earnings Per Share [Text Block]
EARNINGS/(LOSS) PER SHARE
The following table sets forth the computation of basic and diluted earnings/(loss) per share for the periods presented (amounts in thousands, except per share data):
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2013
 
2012
 
2013
 
2012
Numerator for earnings per share:
 
 
 
 
 
 
 
Income/(loss) from continuing operations
$
5,354

 
$
(23,123
)
 
$
5,045

 
$
(21,382
)
Income from continuing operations attributable to noncontrolling interests
(3
)
 
(43
)
 
(7
)
 
(95
)
(Income)/loss from continuing operations attributable to redeemable noncontrolling interests in OP
(159
)
 
875

 
(114
)
 
806

Income/(loss) from continuing operations attributable to UDR, Inc.
5,192

 
(22,291
)
 
4,924

 
(20,671
)
Distributions to preferred stockholders - Series E (Convertible)
(931
)
 
(931
)
 
(1,862
)
 
(1,862
)
Distributions to preferred stockholders - Series G
—

 
(909
)
 
—

 
(2,286
)
Premium on preferred stock redemptions, net
—

 
(2,791
)
 
—

 
(2,791
)
Income/(loss) from continuing operations attributable to common stockholders
$
4,261

 
$
(26,922
)
 
$
3,062

 
$
(27,610
)
 
 
 
 
 
 
 
 
Income from discontinued operations, net of tax
$
—

 
$
179,429

 
$
—

 
$
264,316

Income from discontinued operations attributable to redeemable noncontrolling interests
—

 
(6,786
)
 
—

 
(10,137
)
Income from discontinued operations attributable to common stockholders
$
—

 
$
172,643

 
$
—

 
$
254,179

 
 
 
 
 
 
 
 
Net income attributable to common stockholders
$
4,261

 
$
145,721

 
$
3,062

 
$
226,569

 
 
 
 
 
 
 
 
Denominator for earnings per share:
 
 
 
 
 
 
 
Weighted average common shares outstanding
250,745

 
234,657

 
250,623

 
228,697

Non-vested restricted stock awards
(760
)
 
(626
)
 
(672
)
 
(931
)
Denominator for basic earnings per share
249,985

 
234,031

 
249,951

 
227,766

Incremental shares issuable from assumed conversion of:
     Stock options and unvested restricted stock
1,421

 
—

 
1,402

 
—

Denominator for diluted earnings per share
251,406

 
234,031

 
251,353

 
227,766

Income/(loss) per weighted average common share-basic:
 
 
 
 
 
 
 
Income/(loss) from continuing operations attributable to common stockholders
$
0.02

 
$
(0.12
)
 
$
0.01

 
$
(0.12
)
Income from discontinued operations attributable to common stockholders
$
—

 
$
0.74

 
$
—

 
$
1.12

Net income attributable to common stockholders
$
0.02

 
$
0.62

 
$
0.01

 
$
0.99

Income/(loss) per weighted average common share-diluted:
 
 
 
 
 
 
 
Income/(loss) from continuing operations attributable to common stockholders
$
0.02

 
$
(0.12
)
 
$
0.01

 
$
(0.12
)
Income from discontinued operations attributable to common stockholders
$
—

 
$
0.74

 
$
—

 
$
1.12

Net income attributable to common stockholders
$
0.02

 
$
0.62

 
$
0.01

 
$
0.99


Basic earnings per common share is computed based upon the weighted average number of common shares outstanding. Diluted earnings per share is computed based upon the common shares issuable from the assumed conversion of the OP units, convertible preferred stock, stock options, and restricted stock. Only those instruments having a dilutive impact on our basic earnings per share are included in diluted earnings per share during the periods.
During the three and six months ended June 30, 2012, the effect of the conversion of the OP Units, convertible preferred stock, stock options and restricted stock is not dilutive, and is therefore not included in the above calculations as the Company reported a loss from continuing operations attributable to common stockholders.

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 six months ended June 30, 2013 and 2012:

 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2013
 
2012
 
2013
 
2012
OP Units
 
9,323,802

 
9,416,843

 
9,352,255

 
9,419,070

Preferred Stock
 
3,035,548

 
3,035,548

 
3,035,548

 
3,035,548

Stock options and unvested restricted stock
 
1,420,846

 
1,348,466

 
1,402,451

 
1,328,336
United Dominion Reality L.P. [Member]
  
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]  
Earnings Per Share [Text Block]
EARNINGS/(LOSS) PER OPERATING PARTNERSHIP UNIT
Basic earnings per OP Unit is computed by dividing net income/(loss) attributable to general and limited partner units by the weighted average number of general and limited partner units (including redeemable OP Units) outstanding during the year. Diluted earnings per OP Unit reflects the potential dilution that could occur if securities or other contracts to issue OP Units were exercised or converted into OP Units or resulted in the issuance of OP Units that shared in the earnings of the Operating Partnership. For the three and six months ended June 30, 2013 and 2012, there were no dilutive instruments outstanding, and therefore, diluted earnings per OP Unit and basic earnings per OP Unit are the same.
The following table sets forth the computation of basic and diluted earnings/(loss) per OP unit for the periods presented (amounts in thousands, except per OP unit data):
 
 
 
 
 
 
 
 
 
 
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
 
2013
 
2012
 
2013
 
2012
 
 
 
 
 
 
 
 
 
Numerator for earnings per OP unit — basic and diluted:
 
 
 
 
 
 
 
 
Income/(loss) from continuing operations
 
$
10,220

 
$
(1,969
)
 
$
17,994

 
$
(9,783
)
Income from continuing operations attributable to noncontrolling interests
 
(66
)
 
(44
)
 
(112
)
 
(78
)
Income/(loss) from continuing operations attributable to OP unitholders
 
$
10,154

 
$
(2,013
)
 
$
17,882

 
$
(9,861
)
 
 
 
 
 
 
 
 
 
Income from discontinued operations
 
$
—

 
$
53,372

 
$
—

 
$
54,294

Income from discontinued operations attributable to noncontrolling interests
 
—

 
(187
)
 
—

 
(187
)
Income from discontinued operations attributable to OP unitholders
 
$
—

 
$
53,185

 
$
—

 
$
54,107

 
 
 
 
 
 
 
 
 
Net (loss)/income
 
$
10,220

 
$
51,403

 
$
17,994

 
$
44,511

Net income attributable to noncontrolling interests
 
(66
)
 
(231
)
 
(112
)
 
(265
)
Net income attributable to OP unitholders
 
$
10,154

 
$
51,172

 
$
17,882

 
$
44,246

 
 
 
 
 
 
 
 
 
Denominator for earnings per OP unit — basic and diluted:
 
 
 
 
 
 
 
 
Weighted average OP units outstanding — basic and diluted
 
184,281

 
184,281

 
184,281

 
184,281

 
 
 
 
 
 
 
 
 
Income/(loss) per weighted average OP unit — basic and diluted:
 
 
 
 
 
 
 
 
Income/(loss) from continuing operations attributable to OP unitholders
 
$
0.06

 
$
(0.01
)
 
$
0.10

 
$
(0.05
)
Income from discontinued operations attributable to OP unitholders
 
$
—

 
$
0.29

 
$
—

 
$
0.29

Net income attributable to OP unitholders
 
$
0.06

 
$
0.28

 
$
0.10

 
$
0.24