REPORTABLE SEGMENTS (UNITED DOMINION REALTY, L.P.) (Tables)

12 Months Ended

Dec. 31, 2019

Entity information

Summary of rental income and NOI for the Operating Partnerships 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 years ended December 31, 2019, 2018, and 2017, and reconciles NOI to Net income/(loss) attributable to UDR, Inc. on the Consolidated Statements of Operations (dollars in thousands):

	Year Ended December 31,
	2019		2018		2017
Reportable apartment home segment lease revenue
Same-Store Communities (a)
West Region	$	392,456	$	377,259	$	361,277
Mid-Atlantic Region		210,391		204,733		199,206
Southeast Region		113,175		109,189		104,106
Northeast Region		119,910		117,572		115,713
Southwest Region		54,516		52,970		51,949
Non-Mature Communities/Other		162,969		94,176		77,524
Total segment and consolidated lease revenue	$	1,053,417	$	955,899	$	909,775
Reportable apartment home segment other revenue
Same-Store Communities (a)
West Region	$	31,045	$	28,493	$	27,493
Mid-Atlantic Region		17,049		15,717		14,951
Southeast Region		13,557		13,045		12,361
Northeast Region		4,858		4,590		4,307
Southwest Region		5,312		5,281		5,152
Non-Mature Communities/Other		12,900		12,080		10,270
Total segment and consolidated other revenue	$	84,721	$	79,206	$	74,534
Total reportable apartment home segment rental income
Same-Store Communities (a)
West Region	$	423,501	$	405,752	$	388,770
Mid-Atlantic Region		227,440		220,450		214,157
Southeast Region		126,732		122,234		116,467
Northeast Region		124,768		122,162		120,020
Southwest Region		59,828		58,251		57,101
Non-Mature Communities/Other		175,869		106,256		87,794
Total segment and consolidated rental income	$	1,138,138	$	1,035,105	$	984,309
Reportable apartment home segment NOI
Same-Store Communities (a)
West Region	$	321,890	$	306,307	$	291,265
Mid-Atlantic Region		159,665		153,670		150,126
Southeast Region		88,467		85,220		80,726
Northeast Region		83,832		84,059		83,569
Southwest Region		36,589		34,506		34,439
Non-Mature Communities/Other		117,860		68,353		58,378
Total segment and consolidated NOI		808,303		732,115		698,503
Reconciling items:
Joint venture management and other fees		14,055		11,754		11,482
Property management		(32,721)		(28,465)		(27,068)
Other operating expenses		(13,932)		(12,100)		(9,060)
Real estate depreciation and amortization		(501,257)		(429,006)		(430,054)
General and administrative		(51,533)		(46,983)		(48,566)
Casualty-related (charges)/recoveries, net		(474)		(2,121)		(4,335)
Other depreciation and amortization		(6,666)		(6,673)		(6,408)
Gain/(loss) on sale of real estate owned		5,282		136,197		43,404
Income/(loss) from unconsolidated entities		137,873		(5,055)		31,257
Interest expense		(170,917)		(134,168)		(128,711)
Interest income and other income/(expense), net		15,404		6,735		1,971
Tax (provision)/benefit, net		(3,838)		(688)		240
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership		(14,426)		(18,215)		(10,933)
Net (income)/loss attributable to noncontrolling interests		(188)		(221)		(164)
Net income/(loss) attributable to UDR, Inc.	$	184,965	$	203,106	$	121,558

Details of assets of the Operating Partnership's reportable segments

The following table details the assets of UDR’s reportable segments as of December 31, 2019 and 2018 (dollars in thousands):

	December 31,		December 31,
	2019		2018
Reportable apartment home segment assets:
Same-Store Communities (a):
West Region	$	3,810,672	$	3,763,366
Mid-Atlantic Region		2,350,341		2,317,369
Southeast Region		806,830		779,310
Northeast Region		1,500,597		1,491,994
Southwest Region		456,140		447,305
Non-Mature Communities/Other		3,677,521		1,396,815
Total segment assets		12,602,101		10,196,159
Accumulated depreciation		(4,131,353)		(3,654,160)
Total segment assets — net book value		8,470,748		6,541,999
Reconciling items:
Cash and cash equivalents		8,106		185,216
Restricted cash		25,185		23,675
Notes receivable, net		153,650		42,259
Investment in and advances to unconsolidated joint ventures, net		588,262		780,869
Operating lease right-of-use assets		204,225		—
Other assets		186,296		137,710
Total consolidated assets	$	9,636,472	$	7,711,728

(a) Same-Store Community population consisted of 37,959 apartment homes.

United Dominion Realty L.P.

Entity information

Summary of rental income and NOI for the Operating Partnerships reportable segments and reconciliation of NOI to Net income/(loss)

The following table details rental income and NOI for the Operating Partnership’s reportable segments for the years ended December 31, 2019, 2018, and 2017, and reconciles NOI to Net income/(loss) attributable to OP unitholders on the Consolidated Statements of Operations (dollars in thousands):

	Year Ended December 31,
	2019		2018		2017
Reportable apartment home segment lease revenue
Same-Store Communities (a)
West Region	$	248,474	$	238,886	$	228,027
Mid-Atlantic Region		59,530		58,624		57,275
Southeast Region		50,795		49,132		46,946
Northeast Region		32,224		31,693		31,387
Non-Mature Communities/Other		36,735		40,547		43,127
Total segment and consolidated lease revenue	$	427,758	$	418,882	$	406,762
Reportable apartment home segment other revenue
Same-Store Communities (a)
West Region	$	7,873	$	7,161	$	6,996
Mid-Atlantic Region		1,975		1,765		1,730
Southeast Region		2,925		2,764		2,640
Northeast Region		646		622		589
Non-Mature Communities/Other		596		726		660
Total segment and consolidated other revenue	$	14,015		13,038	$	12,615
Total reportable apartment home segment rental income
Same-Store Communities (a)
West Region	$	256,347	$	246,047	$	235,023
Mid-Atlantic Region		61,505		60,389		59,005
Southeast Region		53,720		51,896		49,586
Northeast Region		32,870		32,315		31,976
Non-Mature Communities/Other		37,331		41,273		43,787
Total segment and consolidated rental income	$	441,773		431,920	$	419,377
Reportable apartment home segment NOI
Same-Store Communities (a)
West Region	$	196,302	$	187,664	$	177,228
Mid-Atlantic Region		42,413		41,642		40,292
Southeast Region		37,340		35,948		34,182
Northeast Region		24,103		24,578		24,510
Non-Mature Communities/Other		22,848		27,548		30,629
Total segment and consolidated NOI	$	323,006	$	317,380	$	306,841
Reconciling items:
Property management		(12,701)		(11,878)		(11,533)
Other operating expenses		(9,488)		(8,864)		(6,833)
Real estate depreciation and amortization		(139,975)		(143,481)		(152,473)
General and administrative		(18,014)		(16,889)		(17,875)
Casualty-related (charges)/recoveries, net		(853)		(951)		(1,922)
Gain/(loss) on sale of real estate owned		—		75,507		41,272
Income/(loss) from unconsolidated entities		(8,313)		43,496		(19,256)
Interest expense		(29,667)		(22,835)		(30,366)
Net (income)/loss attributable to noncontrolling interests		(1,832)		(1,722)		(1,548)
Net income/(loss) attributable to OP unitholders	$	102,163	$	229,763	$	106,307

(a) Same-Store Community population consisted of 15,723 apartment homes.

Details of assets of the Operating Partnership's reportable segments

The following table details the assets of the Operating Partnership’s reportable segments as of December 31, 2019 and 2018 (dollars in thousands):

	December 31,		December 31,
	2019		2018
Reportable apartment home segment assets
Same-Store Communities (a):
West Region	$	2,011,495	$	1,981,007
Mid-Atlantic Region		669,417		663,083
Southeast Region		352,790		340,722
Northeast Region		408,703		406,149
Non-Mature Communities/Other		432,755		421,024
Total segment assets		3,875,160		3,811,985
Accumulated depreciation		(1,796,568)		(1,658,161)
Total segment assets - net book value		2,078,592		2,153,824
Reconciling items:
Cash and cash equivalents		24		125
Restricted cash		13,998		13,563
Investment in unconsolidated entities		76,222		103,026
Operating lease right-of-use assets		205,668		—
Other assets		24,241		34,052
Total consolidated assets	$	2,398,745	$	2,304,590

(a) Same-Store Community population consisted of 15,723 apartment homes.