REPORTABLE SEGMENTS (Tables)

9 Months Ended

Sep. 30, 2018

Summary 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 and nine months ended September 30, 2018 and 2017, and reconciles NOI to Net income/(loss) attributable to UDR, Inc. on the Consolidated Statements of Operations (dollars in thousands):


	Three Months Ended				Nine Months Ended
	September 30, (a)				September 30, (b)
	2018		2017		2018		2017
Reportable apartment home segment rental income
Same-Store Communities
West Region	$	102,615	$	98,264	$	298,456	$	286,040
Mid-Atlantic Region		55,323		53,539		164,811		160,399
Northeast Region		38,822		38,162		114,974		113,814
Southeast Region		30,984		29,297		91,472		87,103
Southwest Region		12,902		12,620		32,696		32,181
Non-Mature Communities/Other		22,610		16,382		67,964		54,656
Total segment and consolidated rental income	$	263,256	$	248,264	$	770,373	$	734,193

Reportable apartment home segment NOI
Same-Store Communities
West Region	$	77,321	$	72,962	$	225,240	$	213,375
Mid-Atlantic Region		38,220		37,107		114,465		112,232
Northeast Region		25,941		26,100		79,123		80,151
Southeast Region		21,597		20,712		63,806		60,432
Southwest Region		7,640		7,416		19,636		19,722
Non-Mature Communities/Other		14,095		10,424		42,433		34,915
Total segment and consolidated NOI		184,814		174,721		544,703		520,827
Reconciling items:
Joint venture management and other fees		2,888		2,827		8,819		8,718
Property management		(7,240)		(6,827)		(21,185)		(20,190)
Other operating expenses		(3,314)		(1,950)		(8,148)		(6,010)
Real estate depreciation and amortization		(107,881)		(107,171)		(322,537)		(320,653)
General and administrative		(11,896)		(12,467)		(36,028)		(36,976)
Casualty-related (charges)/recoveries, net		(678)		(2,056)		(2,364)		(3,749)
Other depreciation and amortization		(1,682)		(1,585)		(5,057)		(4,760)
Income/(loss) from unconsolidated entities		(1,382)		1,819		(5,091)		11,591
Interest expense		(34,401)		(30,095)		(95,942)		(94,500)
Interest income and other income/(expense), net		1,188		481		5,075		1,423
Tax (provision)/benefit, net		(158)		(127)		(618)		(825)
Gain/(loss) on sale of real estate owned, net of tax		—		—		70,300		2,132
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership		(1,616)		(1,415)		(10,819)		(4,607)
Net (income)/loss attributable to noncontrolling interests		(32)		35		(141)		(107)
Net income/(loss) attributable to UDR, Inc.	$	18,610	$	16,190	$	120,967	$	52,314

(a)

Same-Store Community population consisted of 38,307 apartment homes.

(b)

Same-Store Community population consisted of 37,673 apartment homes.

Details of assets of UDR's reportable segments

The following table details the assets of UDR’s reportable segments as of September 30, 2018 and December 31, 2017 (dollars in thousands):


	September 30,		December 31,
	2018		2017
Reportable apartment home segment assets:
Same-Store Communities:
West Region	$	3,752,322	$	3,727,230
Mid-Atlantic Region		2,308,495		2,290,241
Northeast Region		1,871,387		1,865,762
Southeast Region		774,090		762,102
Southwest Region		368,729		364,607
Non-Mature Communities/Other		1,252,641		1,167,264
Total segment assets		10,327,664		10,177,206
Accumulated depreciation		(3,626,327)		(3,330,166)
Total segment assets — net book value		6,701,337		6,847,040
Reconciling items:
Cash and cash equivalents		1,084		2,038
Restricted cash		26,996		19,792
Notes receivable, net		41,009		19,469
Investment in and advances to unconsolidated joint ventures, net		767,376		720,830
Other assets		140,982		124,104
Total consolidated assets	$	7,678,784	$	7,733,273