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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
REVENUES:        
Rental income $ 305,982 $ 278,463 $ 626,075 $ 546,385
Joint venture management and other fees $ 1,274 $ 2,845 $ 2,662 $ 5,596
Type of revenue udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember
Total revenues $ 307,256 $ 281,308 $ 628,737 $ 551,981
OPERATING EXPENSES:        
Property operating and maintenance 48,717 42,894 98,200 84,833
Real estate taxes and insurance 45,012 35,834 90,157 72,134
Property management 8,797 8,006 18,000 15,709
Other operating expenses 6,100 2,735 11,066 8,381
Real estate depreciation and amortization 155,056 117,934 310,532 230,402
General and administrative 10,971 12,338 25,949 24,805
Casualty-related charges/(recoveries), net 102 246 1,353 246
Other depreciation and amortization 2,027 1,678 4,052 3,334
Total operating expenses 276,782 221,665 559,309 439,844
Gain/(loss) on sale of real estate owned 61,303 5,282 61,303 5,282
Operating income 91,777 64,925 130,731 117,419
Income/(loss) from unconsolidated entities 8,021 6,625 11,388 6,674
Interest expense (38,597) (34,417) (77,914) (67,959)
Interest income and other income/(expense), net 2,421 1,310 5,121 11,123
Income/(loss) before income taxes 63,622 38,443 69,326 67,257
Tax (provision)/benefit, net (1,526) (125) (1,690) (2,337)
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)
Net income/(loss) attributable to common stockholders $ 56,709 $ 34,588 $ 60,864 $ 58,080
Income/(loss) per weighted average common share - basic $ 0.19 $ 0.12 $ 0.21 $ 0.21
Income/(loss) per weighted average common share - diluted $ 0.19 $ 0.12 $ 0.21 $ 0.21
Weighted average number of common shares outstanding - Basic 294,710 281,960 294,584 279,494
Weighted average number of common shares outstanding - diluted 295,087 282,575 295,083 280,081