v3.26.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2026
Mar. 31, 2025
REVENUES:    
Rental income $ 423,321 $ 419,836
Joint venture management and other fees $ 2,528 $ 2,112
Type of revenue udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember
Total revenues $ 425,849 $ 421,948
OPERATING EXPENSES:    
Property operating and maintenance 80,732 75,990
Real estate taxes and insurance 59,859 58,745
Property management 13,758 13,645
Other operating expenses 9,415 8,059
Real estate depreciation and amortization 161,268 161,394
General and administrative 19,364 19,495
Casualty-related charges/(recoveries), net 5,729 3,297
Other depreciation and amortization 3,335 7,067
Total operating expenses 353,460 347,692
Gain/(loss) on sale of real estate owned 157,416 47,939
Operating income 229,805 122,195
Income/(loss) from unconsolidated entities 19,696 5,814
Interest expense (48,576) (47,701)
Interest income and other income/(expense), net 2,434 1,921
Income/(loss) before income taxes 203,359 82,229
Tax (provision)/benefit, net (455) (158)
Net income/(loss) 202,904 82,071
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership (13,061) (5,339)
Net (income)/loss attributable to noncontrolling interests (12) (12)
Net income/(loss) attributable to UDR, Inc. 189,831 76,720
Distributions to preferred stockholders - Series E (Convertible) (1,220) (1,206)
Net income/(loss) attributable to common stockholders $ 188,611 $ 75,514
Income/(loss) per weighted average common share - basic $ 0.58 $ 0.23
Income/(loss) per weighted average common share - diluted $ 0.57 $ 0.23
Weighted average number of common shares outstanding - basic 327,301 330,628
Weighted average number of common shares outstanding - diluted 330,294 331,717