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CONSOLIDATED STATEMENTS OF OPERATIONS (UNITED DOMINION REALTY, L.P.) - 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
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
Total operating expenses 276,782 221,665 559,309 439,844
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)
Net income/(loss) 62,096 38,318 67,636 64,920
United Dominion Realty L.P.        
REVENUES:        
Rental income 105,201 110,350 217,366 218,684
OPERATING EXPENSES:        
Property operating and maintenance 16,398 16,579 33,235 33,110
Real estate taxes and insurance 13,679 12,091 27,452 24,755
Property management 3,024 3,308 6,249 6,287
Other operating expenses 3,837 2,422 7,696 4,822
Real estate depreciation and amortization 35,430 34,921 70,730 69,575
General and administrative 3,951 4,151 9,259 8,812
Casualty-related charges/(recoveries), net 190 (81) 188 (81)
Total operating expenses 76,509 73,391 154,809 147,280
Operating income 28,692 36,959 62,557 71,404
Income/(loss) from unconsolidated entities (1,661) (1,794) (3,422) (4,534)
Interest expense (708) (161) (1,450) (351)
Interest expense on notes payable due to the General Partner (6,462) (7,194) (13,184) (14,375)
Net income/(loss) 19,861 27,810 44,501 52,144
Net (income)/loss attributable to noncontrolling interests (488) (416) (1,010) (804)
Net income/(loss) attributable to OP unitholders $ 19,373 $ 27,394 $ 43,491 $ 51,340
Income/(loss) per OP unit- basic and diluted:        
Net income/(loss) per weighted average OP Unit - basic and diluted $ 0.10 $ 0.15 $ 0.24 $ 0.28
Weighted average OP Units outstanding - basic and diluted 184,836 184,058 184,670 184,004