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CONSOLIDATED STATEMENTS OF OPERATIONS (UNITED DOMINION REALTY, L.P.) - 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
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)
Total operating expenses 279,929 236,538 839,238 676,382
Gain/(loss) on sales 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)
Net income/(loss) (27,217) 29,422 40,419 94,342
United Dominion Realty L.P.        
REVENUES:        
Rental income 107,694 111,700 325,060 330,384
OPERATING EXPENSES:        
Property operating and maintenance 18,389 17,835 51,623 50,945
Real estate taxes and insurance 14,556 13,033 42,008 37,788
Property management 3,095 3,211 9,345 9,498
Other operating expenses 4,110 2,301 11,806 7,123
Real estate depreciation and amortization 35,335 35,155 106,065 104,730
General and administrative 4,323 4,066 13,582 12,878
Casualty-related charges/(recoveries), net   (1,088) 188 (1,169)
Total operating expenses 79,808 74,513 234,617 221,793
Operating income 27,886 37,187 90,443 108,591
Income/(loss) from unconsolidated entities (1,562) (2,383) (4,984) (6,917)
Interest expense (686) (538) (2,136) (889)
Interest expense on notes payable due to the General Partner (6,581) (6,983) (19,765) (21,358)
Net income/(loss) 19,057 27,283 63,558 79,427
Net (income)/loss attributable to noncontrolling interests (435) (448) (1,445) (1,252)
Net income/(loss) attributable to OP unitholders $ 18,622 $ 26,835 $ 62,113 $ 78,175
Income/(loss) per OP unit- basic and diluted:        
Net income/(loss) per weighted average OP Unit - basic and diluted $ 0.10 $ 0.15 $ 0.34 $ 0.42
Weighted average OP Units outstanding - basic and diluted 184,836 184,064 184,725 184,024