INCOME/(LOSS) PER SHARE (Tables)

12 Months Ended

Dec. 31, 2025

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):

	Year Ended December 31,
	2025		2024		2023
Numerator for income/(loss) per share:
Net income/(loss)	$	403,715	$	95,877	$	474,488
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership		(25,965)		(6,246)		(30,104)
Net (income)/loss attributable to noncontrolling interests		(46)		(46)		(31)
Net income/(loss) attributable to UDR, Inc.		377,704		89,585		444,353
Distributions to preferred stockholders — Series E (Convertible)		(4,839)		(4,835)		(4,848)
Income/(loss) attributable to common stockholders - basic and diluted	$	372,865	$	84,750	$	439,505
Denominator for income/(loss) per share:
Weighted average common shares outstanding		330,833		329,670		329,136
Unvested restricted stock awards		(511)		(380)		(371)
Denominator for basic income/(loss) per share		330,322		329,290		328,765
Incremental shares issuable from assumed conversion of unvested LTIP Units, performance units, stock options and unvested restricted stock		731		826		339
Denominator for diluted income/(loss) per share		331,053		330,116		329,104
Income/(loss) per weighted average common share:
Basic	$	1.13	$	0.26	$	1.34
Diluted	$	1.13	$	0.26	$	1.34

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 years ended December 31, 2025, 2024, and 2023 (in thousands):

	Year Ended December 31,
	2025	2024	2023
OP/DownREIT Units	22,817	23,993	22,410
Convertible preferred stock	2,816	2,848	2,908
Unvested LTIP Units, performance units, stock options, and unvested restricted stock	731	826	339