INCOME/(LOSS) PER SHARE (Tables)

3 Months Ended

Mar. 31, 2024

INCOME/(LOSS) PER SHARE

Computation of basic and diluted income/(loss) per share

The following table sets forth the computation of basic and diluted income/(loss) per share for the periods presented (dollars and shares in thousands, except per share data):

	Three Months Ended
	March 31,
	2024		2023
Numerator for income/(loss) per share:
Net income/(loss)	$	46,310	$	32,925
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership		(3,149)		(1,953)
Net (income)/loss attributable to noncontrolling interests		(12)		(8)
Net income/(loss) attributable to UDR, Inc.		43,149		30,964
Distributions to preferred stockholders — Series E (Convertible)		(1,231)		(1,183)
Income/(loss) attributable to common stockholders - basic and diluted		41,918		29,781
Denominator for income/(loss) per share:
Weighted average common shares outstanding		329,244		329,165
Unvested restricted stock awards		(421)		(376)
Denominator for basic income/(loss) per share		328,823		328,789
Incremental shares issuable from assumed conversion of unvested LTIP Units, performance units, unvested restricted stock and shares issuable upon settlement of forward sales agreements		131		632
Denominator for diluted income/(loss) per share		328,954		329,421
Income/(loss) per weighted average common share:
Basic	$	0.13	$	0.09
Diluted	$	0.13	$	0.09

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The following table sets forth the additional shares of common stock outstanding, by equity instrument, if converted to common stock for each of the three months ended March 31, 2024 and 2023 (in thousands):

	Three Months Ended
	March 31,
	2024	2023
OP/DownREIT Units	24,418	21,323
Convertible preferred stock	2,908	2,909
Unvested LTIP Units and unvested restricted stock	131	632