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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
REVENUES:        
Rental income $ 308,845 $ 289,008 $ 934,920 $ 835,393
Joint venture management and other fees $ 1,199 $ 6,386 $ 3,861 $ 11,982
Type of revenue udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember
Total revenues $ 310,044 $ 295,394 $ 938,781 $ 847,375
OPERATING EXPENSES:        
Property operating and maintenance 53,385 46,869 151,585 131,702
Real estate taxes and insurance 44,328 38,490 134,485 110,624
Property management 8,879 8,309 26,879 24,018
Other operating expenses 5,543 2,751 16,609 11,132
Real estate depreciation and amortization 151,949 127,391 462,481 357,793
General and administrative 11,958 12,197 37,907 37,002
Casualty-related charges/(recoveries), net   (1,088) 1,353 (842)
Other depreciation and amortization 3,887 1,619 7,939 4,953
Total operating expenses 279,929 236,538 839,238 676,382
Gain/(loss) on sale of real estate owned     61,303 5,282
Operating income 30,115 58,856 160,846 176,275
Income/(loss) from unconsolidated entities 2,940 12,713 14,328 19,387
Interest expense (62,268) (42,523) (140,182) (110,482)
Interest income and other income/(expense), net 2,183 1,875 7,304 12,998
Income/(loss) before income taxes (27,030) 30,921 42,296 98,178
Tax (provision)/benefit, net (187) (1,499) (1,877) (3,836)
Net income/(loss) (27,217) 29,422 40,419 94,342
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership 1,990 (2,162) (2,614) (6,871)
Net (income)/loss attributable to noncontrolling interests (31) (56) (71) (145)
Net income/(loss) attributable to UDR, Inc. (25,258) 27,204 37,734 87,326
Distributions to preferred stockholders - Series E (Convertible) (1,051) (1,031) (3,179) (3,073)
Net income/(loss) attributable to common stockholders $ (26,309) $ 26,173 $ 34,555 $ 84,253
Income/(loss) per weighted average common share - basic $ (0.09) $ 0.09 $ 0.12 $ 0.30
Income/(loss) per weighted average common share - diluted $ (0.09) $ 0.09 $ 0.12 $ 0.30
Weighted average number of common shares outstanding - Basic 294,713 288,706 294,627 282,598
Weighted average number of common shares outstanding - diluted 295,003 289,529 294,938 283,292