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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
REVENUES:    
Rental income $ 411,669 $ 398,307
Joint venture management and other fees $ 1,965 $ 1,242
Type of revenue udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember
Total revenues $ 413,634 $ 399,549
OPERATING EXPENSES:    
Property operating and maintenance 73,478 64,834
Real estate taxes and insurance 58,795 57,970
Property management 13,379 12,945
Other operating expenses 6,828 3,032
Real estate depreciation and amortization 169,858 169,300
General and administrative 17,810 17,480
Casualty-related charges/(recoveries), net 6,278 4,156
Other depreciation and amortization 4,316 3,649
Total operating expenses 350,742 333,366
Gain/(loss) on sale of real estate owned 16,867 1
Operating income 79,759 66,184
Income/(loss) from unconsolidated entities 9,085 9,707
Interest expense (48,062) (43,742)
Interest income and other income/(expense), net 5,865 1,010
Income/(loss) before income taxes 46,647 33,159
Tax (provision)/benefit, net (337) (234)
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)
Net income/(loss) attributable to common stockholders $ 41,918 $ 29,781
Income/(loss) per weighted average common share - basic $ 0.13 $ 0.09
Income/(loss) per weighted average common share - diluted $ 0.13 $ 0.09
Weighted average number of common shares outstanding - basic 328,823 328,789
Weighted average number of common shares outstanding - diluted 328,954 329,421