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Earnings Per Operating Partnership Unit (UNITED DOMINION REALTY, L.P.) Earnings/(Loss) Per Operating Partnership Unit (Tables)
6 Months Ended
Jun. 30, 2013
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]  
Earnings/(loss) per operating partnership unit
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

United Dominion Reality L.P. [Member]
 
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]  
Earnings/(loss) per operating partnership unit
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