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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
REVENUES:    
Rental income $ 398,307 $ 356,181
Joint venture management and other fees $ 1,242 $ 1,085
Type of revenue udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember
Total revenues $ 399,549 $ 357,266
OPERATING EXPENSES:    
Property operating and maintenance 64,834 58,484
Real estate taxes and insurance 57,970 53,764
Property management 12,945 11,576
Other operating expenses 3,032 4,712
Real estate depreciation and amortization 169,300 163,622
General and administrative 17,480 14,908
Casualty-related charges/(recoveries), net 4,156 (765)
Other depreciation and amortization 3,649 3,075
Total operating expenses 333,366 309,376
Gain/(loss) on sale of real estate owned 1 0
Operating income 66,184 47,890
Income/(loss) from unconsolidated entities 9,707 5,412
Interest expense (43,742) (35,916)
Interest income and other income/(expense), net 1,010 (2,440)
Income/(loss) before income taxes 33,159 14,946
Tax (provision)/benefit, net (234) (343)
Net income/(loss) 32,925 14,603
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership (1,953) (879)
Net income/(loss) attributable to noncontrolling interests (8) (19)
Net income/(loss) attributable to UDR, Inc. 30,964 13,705
Distributions to preferred stockholders - Series E (Convertible) (1,183) (1,092)
Net income/(loss) attributable to common stockholders $ 29,781 $ 12,613
Income/(loss) per weighted average common share - basic $ 0.09 $ 0.04
Income/(loss) per weighted average common share - diluted $ 0.09 $ 0.04
Weighted average number of common shares outstanding - basic 328,789 318,009
Weighted average number of common shares outstanding - diluted 329,421 319,680