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Consolidated Statements of Operations (USD $)
In Thousands, except Per Share data
12 Months Ended
Dec. 31, 2010
Dec. 31, 2009
Dec. 31, 2008
REVENUES      
Rental income $ 605,295 $ 575,342 $ 536,045
Non-property income:      
Other income 12,494 12,363 27,190
Gain on consolidation of joint ventures   1,912  
Total revenues 617,789 589,617 563,235
Rental expenses:      
Real estate taxes and insurance 75,041 71,036 63,660
Personnel 55,411 49,765 46,700
Utilities 33,140 30,467 28,041
Repair and maintenance 34,369 30,403 29,005
Administrative and marketing 15,814 13,925 14,104
Property management 16,646 15,823 14,742
Other operating expenses 5,848 6,487 4,563
Real estate depreciation and amortization 289,957 265,049 239,678
Interest      
Expense incurred 142,984 136,137 153,275
Net loss/(gain) on debt extinguishment 1,204 (9,849) (26,306)
Amortization of convertible debt discount 3,530 4,283 6,598
Prepayment penalty on debt restructure   1,022 4,201
Write-off of fair market value adjustment for debt paid off on consolidated joint venture   1,552  
Expenses related to tender offer   3,764  
General and administrative 42,710 39,344 38,776
Severance costs and other restructuring charges 6,803   653
Other depreciation and amortization 4,843 5,161 4,866
Total expenses 728,300 664,369 622,556
Loss from operations (110,511) (74,752) (59,321)
Loss from unconsolidated entities (4,204) (18,665) (3,612)
Loss from continuing operations (114,715) (93,417) (62,933)
Income from discontinued operations 8,127 1,794 806,800
Consolidated net (loss)/income (106,588) (91,623) 743,867
Net loss attributable to redeemable non-controlling interests in OP 3,835 4,282 (45,875)
Net income attributable to non-controlling interests (146) (191) (202)
Net (loss) income attributable to UDR, Inc. (102,899) (87,532) 697,790
Discount on preferred stock repurchases, net 25 2,586 3,056
Net (loss)/income attributable to common stockholders (112,362) (95,858) 688,708
Earnings per weighted average common share - basic:      
Loss from continuing operations attributable to common stockholders $ (0.73) $ (0.65) $ (0.91)
Income from discontinued operations $ 0.05 $ 0.01 $ 6.20
Net (loss)/income attributable to common stockholders $ (0.68) $ (0.64) $ 5.29
Earnings per weighted average common share - diluted:      
Loss from continuing operations attributable to common stockholders $ (0.73) $ (0.65) $ (0.91)
Income from discontinued operations $ 0.05 $ 0.01 $ 6.20
Net (loss)/income attributable to common stockholders $ (0.68) $ (0.64) $ 5.29
Common distributions declared per share $ 0.73 $ 0.85 $ 2.29
Weighted average number of common shares outstanding - basic 165,857 149,090 130,219
Weighted average number of common shares outstanding - diluted 165,857 149,090 130,219
8.00% Series E Cumulative Convertible Preferred Stock
     
Interest      
Distributions to preferred stockholders (3,726) (3,724) (3,724)
6.75% Series G Cumulative Redeemable Preferred Stock
     
Interest      
Distributions to preferred stockholders $ (5,762) $ (7,188) $ (8,414)