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Consolidated Statements of Operations (Unaudited) (USD $)
Share data in Thousands, except Per Share data
3 Months Ended 6 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2011
Jun. 30, 2010
REVENUES        
Rental income $ 176,767,000 $ 146,647,000 $ 340,462,000 $ 290,972,000
Non-property income:        
Other income 2,855,000 2,056,000 7,390,000 3,527,000
Total revenues 179,622,000 148,703,000 347,852,000 294,499,000
Rental expenses:        
Real estate taxes and insurance 20,515,000 18,327,000 41,355,000 37,011,000
Personnel 15,439,000 13,518,000 30,168,000 26,489,000
Utilities 9,122,000 7,652,000 18,133,000 16,004,000
Repair and maintenance 9,594,000 8,177,000 18,560,000 15,737,000
Administrative and marketing 4,317,000 3,824,000 8,270,000 7,521,000
Property management 4,861,000 4,033,000 9,363,000 8,002,000
Other operating expenses 1,544,000 1,457,000 3,001,000 2,942,000
Real estate depreciation and amortization 91,107,000 70,254,000 172,625,000 138,993,000
Interest        
Expense incurred 37,381,000 35,218,000 72,969,000 70,346,000
Amortization of convertible debt discount 359,000 928,000 719,000 1,895,000
Other debt charges 40,000 1,030,000 4,059,000 1,030,000
General and administrative 12,918,000 10,293,000 23,593,000 19,933,000
Other depreciation and amortization 986,000 1,308,000 2,029,000 2,531,000
Total expenses 208,183,000 176,019,000 404,843,000 348,434,000
Loss from operations (28,561,000) (27,316,000) (56,991,000) (53,935,000)
Loss from unconsolidated entities (1,348,000) (1,185,000) (2,680,000) (1,922,000)
Loss from continuing operations (29,909,000) (28,501,000) (59,671,000) (55,857,000)
Income from discontinued operations 44,818,000 861,000 45,924,000 3,191,000
Consolidated net income/(loss) 14,909,000 (27,640,000) (13,747,000) (52,666,000)
Net (income)/loss attributable to redeemable non-controlling interests in OP (221,000) 1,064,000 611,000 2,069,000
Net income attributable to non-controlling interests (37,000) (45,000) (88,000) (80,000)
Net income/(loss) attributable to UDR, Inc. 14,651,000 (26,621,000) (13,224,000) (50,677,000)
(Premium)/discount on preferred stock repurchases, net (175,000) 25,000 (175,000) 25,000
Net income/(loss) attributable to common stockholders 12,149,000 (28,968,000) (18,094,000) (55,403,000)
Earnings per weighted average common share- basic and diluted:        
Loss from continuing operations attributable to common stockholders $ (0.17) $ (0.19) $ (0.34) $ (0.37)
Income from discontinued operations $ 0.23 $ 0.01 $ 0.24 $ 0.02
Net income/(loss) attributable to common stockholders $ 0.06 $ (0.18) $ (0.10) $ (0.35)
Common distributions declared per share $ 0.200 $ 0.180 $ 0.385 $ 0.360
Weighted average number of common shares outstanding- basic and diluted 190,479 160,886 186,527 158,522
8.00% Series E Cumulative Convertible Preferred Stock
       
Interest        
Distributions to preferred stockholders (931,000) (931,000) (1,862,000) (1,862,000)
6.75% Series G Cumulative Redeemable Preferred Stock
       
Interest        
Distributions to preferred stockholders $ (1,396,000) $ (1,441,000) $ (2,833,000) $ (2,889,000)