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INCOME/(LOSS) PER SHARE (Tables)
6 Months Ended
Jun. 30, 2020
INCOME/(LOSS) PER SHARE  
Computation of basic and diluted income/(loss) per share

The following table sets forth the computation of basic and diluted income/(loss) per share for the periods presented (dollars and shares in thousands, except per share data):

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Six Months Ended

​

​

​

June 30, 

​

June 30, 

​

​

    

2020

    

2019

    

2020

    

2019

​

Numerator for income/(loss) per share:

​

​

​

​

​

  

​

​

​

​

​

  

​

Net income/(loss)

​

$

62,096

​

$

38,318

​

$

67,636

​

$

64,920

​

Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership

​

 

(4,291)

​

 

(2,652)

​

 

(4,604)

​

 

(4,709)

​

Net (income)/loss attributable to noncontrolling interests

​

 

(34)

​

 

(47)

​

 

(40)

​

 

(89)

​

Net income/(loss) attributable to UDR, Inc.

​

 

57,771

​

 

35,619

​

 

62,992

​

 

60,122

​

Distributions to preferred stockholders — Series E (Convertible)

​

 

(1,062)

​

 

(1,031)

​

 

(2,128)

​

 

(2,042)

​

Income/(loss) attributable to common stockholders - basic and diluted

​

$

56,709

​

$

34,588

​

$

60,864

​

$

58,080

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Denominator for income/(loss) per share:

​

 

  

​

 

  

​

 

  

​

 

  

​

Weighted average common shares outstanding

​

 

294,970

​

 

282,215

​

 

294,850

​

 

279,769

​

Non-vested restricted stock awards

​

 

(260)

​

 

(255)

​

 

(266)

​

 

(275)

​

Denominator for basic income/(loss) per share

​

 

294,710

​

 

281,960

​

 

294,584

​

 

279,494

​

Incremental shares issuable from assumed conversion of unvested LTIP Units and unvested restricted stock

​

 

377

​

 

615

​

 

499

​

 

587

​

Denominator for diluted income/(loss) per share

​

 

295,087

​

 

282,575

​

 

295,083

​

 

280,081

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Income/(loss) per weighted average common share:

​

 

  

​

 

  

​

 

  

​

 

  

​

Basic

​

$

0.19

​

$

0.12

​

$

0.21

​

$

0.21

​

Diluted

​

$

0.19

​

$

0.12

​

$

0.21

​

$

0.21

​

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table sets forth the additional shares of common stock issuable, by equity instrument, if such equity instrument were converted to or redeemed for common stock for each of the three and six months ended June 30, 2020 and 2019 (in thousands):

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Six Months Ended

​

​

​

June 30, 

​

June 30, 

​

​

​

2020

​

2019

​

2020

​

2019

​

OP/DownREIT Units

    

22,386

    

22,736

    

22,307

    

23,504

    

Convertible preferred stock

 

2,953

 

3,011

 

2,982

 

3,011

 

Unvested LTIP Units and unvested restricted stock

 

377

 

615

 

499

 

587