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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
REVENUES:        
Rental income $ 367,748 $ 309,116 $ 723,929 $ 608,942
Joint venture management and other fees $ 1,419 $ 2,232 $ 2,504 $ 3,847
Type of revenue udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember
Total revenues $ 369,167 $ 311,348 $ 726,433 $ 612,789
OPERATING EXPENSES:        
Property operating and maintenance 60,405 51,335 118,889 102,716
Real estate taxes and insurance 52,788 49,145 106,552 96,532
Property management 11,952 9,273 23,528 18,268
Other operating expenses 5,027 4,373 9,739 8,808
Real estate depreciation and amortization 167,584 146,169 331,206 290,257
General and administrative 16,585 15,127 31,493 27,863
Casualty-related charges/(recoveries), net 1,074 (2,463) 309 3,114
Other depreciation and amortization 3,016 2,602 6,091 5,203
Total operating expenses 318,431 275,561 627,807 552,761
Gain/(loss) on sale of real estate owned 0 0 0 50,829
Operating income 50,736 35,787 98,626 110,857
Income/(loss) from unconsolidated entities (11,229) 9,751 (5,817) 14,673
Interest expense (36,832) (35,404) (72,748) (113,560)
Interest income and other income/(expense), net 3,001 2,536 561 4,593
Income/(loss) before income taxes 5,676 12,670 20,622 16,563
Tax (provision)/benefit, net (312) (135) (655) (754)
Net income/(loss) 5,364 12,535 19,967 15,809
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership (272) (807) (1,151) (961)
Net (income)/loss attributable to noncontrolling interests (8) (8) (27) (24)
Net income/(loss) attributable to UDR, Inc. 5,084 11,720 18,789 14,824
Distributions to preferred stockholders - Series E (Convertible) (1,109) (1,057) (2,201) (2,113)
Net income/(loss) attributable to common stockholders $ 3,975 $ 10,663 $ 16,588 $ 12,711
Income/(loss) per weighted average common share - basic $ 0.01 $ 0.04 $ 0.05 $ 0.04
Income/(loss) per weighted average common share - diluted $ 0.01 $ 0.04 $ 0.05 $ 0.04
Weighted average number of common shares outstanding - basic 318,351 296,589 318,181 296,564
Weighted average number of common shares outstanding - diluted 319,572 297,542 319,592 297,221