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10-Q Filing

UDR, INC. CIK: 74208 Q2 2021
Filing Information
Form Type 10-Q
Accession Number 0000074208-21-000080
Period End Date 20210630
Filing Date 20210729
Fiscal Year 2021
Fiscal Period Q2
XBRL Instance udr-20210630x10q_htm.xml
Balance Sheet 88 line items
Line Item Tag Value Unit Period
Real estate under development accumulated depreciation RealEstateUnderDevelopmentAccumulatedDepreciation $382.00K USD Point-in-time
Real estate under development accumulated depreciation RealEstateUnderDevelopmentAccumulatedDepreciation $1.01M USD Point-in-time
Real estate held for investment RealEstateInvestmentPropertyAtCost $12.71B USD Point-in-time
Real estate held for investment RealEstateInvestmentPropertyAtCost $13.33B USD Point-in-time
Real estate held for disposition accumulated depreciation AccumulatedDepreciationOfRealEstateHeldForSale $13.78M USD Point-in-time
Real estate held for disposition accumulated depreciation AccumulatedDepreciationOfRealEstateHeldForSale - USD Point-in-time
Less: accumulated depreciation RealEstateInvestmentPropertyAccumulatedDepreciation $4.87B USD Point-in-time
Less: accumulated depreciation RealEstateInvestmentPropertyAccumulatedDepreciation $4.59B USD Point-in-time
Real estate held for investment, net RealEstateHeldForInvestmentNetExcludingRealEstateUnderDevelopmentOrHeldForDisposition $8.45B USD Point-in-time
Preferred stock, no par value PreferredStockNoParValue - USD Point-in-time
Preferred stock, no par value PreferredStockNoParValue - USD Point-in-time
Real estate held for investment, net RealEstateHeldForInvestmentNetExcludingRealEstateUnderDevelopmentOrHeldForDisposition $8.12B USD Point-in-time
Real estate under development (net of accumulated depreciation of $382 and $1,010, respectively) DevelopmentInProcess $286.54M USD Point-in-time
Real estate under development (net of accumulated depreciation of $382 and $1,010, respectively) DevelopmentInProcess $246.87M USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 50.00M shares Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 50.00M shares Point-in-time
Real estate held for disposition (net of accumulated depreciation of $0 and $13,779, respectively) RealEstateHeldForSaleNetofDepreciation $102.88M USD Point-in-time
Total real estate owned, net of accumulated depreciation RealEstateInvestmentPropertyNet $8.47B USD Point-in-time
Total real estate owned, net of accumulated depreciation RealEstateInvestmentPropertyNet $8.74B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $833.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $8.11M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.41M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.37M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $32.70M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $25.18M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $22.04M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $22.76M USD Point-in-time
Notes receivable, net NotesReceivableNet $157.99M USD Point-in-time
Notes receivable, net NotesReceivableNet $139.05M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 350.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 350.00M shares Point-in-time
Investment in and advances to unconsolidated joint ventures, net InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure $600.23M USD Point-in-time
Investment in and advances to unconsolidated joint ventures, net InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure $619.17M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 296.61M shares Point-in-time
Common stock, shares issued CommonStockSharesIssued 296.85M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 296.61M shares Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $200.91M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 296.85M shares Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $199.21M USD Point-in-time
Other assets OtherAssets $184.76M USD Point-in-time
Other assets OtherAssets $188.12M USD Point-in-time
Total assets Assets $9.64B USD Point-in-time
Total assets Assets $9.92B USD Point-in-time
Secured debt, net SecuredDebt $1.06B USD Point-in-time
Secured debt, net SecuredDebt $862.15M USD Point-in-time
Unsecured debt, net UnsecuredDebt $4.11B USD Point-in-time
Unsecured debt, net UnsecuredDebt $4.39B USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $194.06M USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $195.59M USD Point-in-time
Real estate taxes payable AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent $29.95M USD Point-in-time
Real estate taxes payable AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent $34.15M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $44.76M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $43.54M USD Point-in-time
Security deposits and prepaid rent AdvanceRent $49.88M USD Point-in-time
Security deposits and prepaid rent AdvanceRent $49.01M USD Point-in-time
Distributions payable DividendsPayableCurrentAndNoncurrent $115.25M USD Point-in-time
Distributions payable DividendsPayableCurrentAndNoncurrent $115.80M USD Point-in-time
Distributions payable DividendsPayableCurrentAndNoncurrent $116.69M USD Point-in-time
Accounts payable, accrued expenses, and other liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $119.41M USD Point-in-time
Accounts payable, accrued expenses, and other liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $111.00M USD Point-in-time
Total liabilities Liabilities $5.52B USD Point-in-time
Total liabilities Liabilities $6.01B USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Commitments and contingencies (Note 13) CommitmentsAndContingencies - USD Point-in-time
Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership RedeemableNoncontrollingInterestEquityCommonCarryingAmount $856.29M USD Point-in-time
Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership RedeemableNoncontrollingInterestEquityCommonCarryingAmount $1.10B USD Point-in-time
Common stock, $0.01 par value; 350,000,000 shares authorized: 296,848,024 and 296,611,579 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively CommonStockValue $2.97M USD Point-in-time
Common stock, $0.01 par value; 350,000,000 shares authorized: 296,848,024 and 296,611,579 shares issued and outstanding at June 30, 2021 and December 31, 2020, respectively CommonStockValue $2.97M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $5.88B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $5.89B USD Point-in-time
Distributions in excess of net income AccumulatedDistributionsInExcessOfNetIncome $3.14B USD Point-in-time
Distributions in excess of net income AccumulatedDistributionsInExcessOfNetIncome $2.69B USD Point-in-time
Accumulated other comprehensive income/(loss), net AccumulatedOtherComprehensiveIncomeLossNetOfTax $-8.30M USD Point-in-time
Accumulated other comprehensive income/(loss), net AccumulatedOtherComprehensiveIncomeLossNetOfTax $-9.14M USD Point-in-time
Total stockholders' equity StockholdersEquity $3.23B USD Point-in-time
Total stockholders' equity StockholdersEquity $2.78B USD Point-in-time
Noncontrolling interests MinorityInterest $20.90M USD Point-in-time
Noncontrolling interests MinorityInterest $24.39M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.41B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.81B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.48B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.26B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.02B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $9.64B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $9.92B USD Point-in-time
Income Statement 115 line items
Line Item Tag Value Unit Period
Rental income OperatingLeaseLeaseIncome $309.12M USD 1 Quarter
Rental income OperatingLeaseLeaseIncome $305.98M USD 1 Quarter
Rental income OperatingLeaseLeaseIncome $608.94M USD 2 Qtrs
Rental income OperatingLeaseLeaseIncome $626.08M USD 2 Qtrs
Joint venture management and other fees RevenueFromContractWithCustomerExcludingAssessedTax $2.23M USD 1 Quarter
Joint venture management and other fees RevenueFromContractWithCustomerExcludingAssessedTax $2.66M USD 2 Qtrs
Joint venture management and other fees RevenueFromContractWithCustomerExcludingAssessedTax $1.27M USD 1 Quarter
Joint venture management and other fees RevenueFromContractWithCustomerExcludingAssessedTax $3.85M USD 2 Qtrs
Total revenues Revenues $307.26M USD 1 Quarter
Total revenues Revenues $628.74M USD 2 Qtrs
Total revenues Revenues $612.79M USD 2 Qtrs
Total revenues Revenues $311.35M USD 1 Quarter
Property operating and maintenance DirectCostsOfLeasedAndRentedPropertyOrEquipment $51.34M USD 1 Quarter
Property operating and maintenance DirectCostsOfLeasedAndRentedPropertyOrEquipment $102.72M USD 2 Qtrs
Property operating and maintenance DirectCostsOfLeasedAndRentedPropertyOrEquipment $48.72M USD 1 Quarter
Property operating and maintenance DirectCostsOfLeasedAndRentedPropertyOrEquipment $98.20M USD 2 Qtrs
Real estate taxes and insurance RealEstateTaxesAndInsurance $45.01M USD 1 Quarter
Real estate taxes and insurance RealEstateTaxesAndInsurance $96.53M USD 2 Qtrs
Real estate taxes and insurance RealEstateTaxesAndInsurance $90.16M USD 2 Qtrs
Real estate taxes and insurance RealEstateTaxesAndInsurance $49.15M USD 1 Quarter
Property management PropertyManagementCostsOperating $8.80M USD 1 Quarter
Property management PropertyManagementCostsOperating $18.27M USD 2 Qtrs
Property management PropertyManagementCostsOperating $9.27M USD 1 Quarter
Property management PropertyManagementCostsOperating $18.00M USD 2 Qtrs
Other operating expenses OtherCostAndExpenseOperating $11.07M USD 2 Qtrs
Other operating expenses OtherCostAndExpenseOperating $8.81M USD 2 Qtrs
Other operating expenses OtherCostAndExpenseOperating $4.37M USD 1 Quarter
Other operating expenses OtherCostAndExpenseOperating $6.10M USD 1 Quarter
Real estate depreciation and amortization DepreciationNonproduction $310.53M USD 2 Qtrs
Real estate depreciation and amortization DepreciationNonproduction $155.06M USD 1 Quarter
Real estate depreciation and amortization DepreciationNonproduction $146.17M USD 1 Quarter
Real estate depreciation and amortization DepreciationNonproduction $290.26M USD 2 Qtrs
General and administrative GeneralAndAdministrativeExpense $27.86M USD 2 Qtrs
General and administrative GeneralAndAdministrativeExpense $10.97M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $25.95M USD 2 Qtrs
General and administrative GeneralAndAdministrativeExpense $15.13M USD 1 Quarter
Casualty-related charges/(recoveries), net CasualtyRelatedRecoveriesChargesNet $3.11M USD 2 Qtrs
Casualty-related charges/(recoveries), net CasualtyRelatedRecoveriesChargesNet $-2.46M USD 1 Quarter
Casualty-related charges/(recoveries), net CasualtyRelatedRecoveriesChargesNet $102.00K USD 1 Quarter
Casualty-related charges/(recoveries), net CasualtyRelatedRecoveriesChargesNet $1.35M USD 2 Qtrs
Other depreciation and amortization OtherDepreciationAndAmortization $4.05M USD 2 Qtrs
Other depreciation and amortization OtherDepreciationAndAmortization $2.60M USD 1 Quarter
Other depreciation and amortization OtherDepreciationAndAmortization $5.20M USD 2 Qtrs
Other depreciation and amortization OtherDepreciationAndAmortization $2.03M USD 1 Quarter
Total operating expenses CostsAndExpenses $275.56M USD 1 Quarter
Total operating expenses CostsAndExpenses $552.76M USD 2 Qtrs
Total operating expenses CostsAndExpenses $559.31M USD 2 Qtrs
Total operating expenses CostsAndExpenses $276.78M USD 1 Quarter
Gain/(loss) on sale of real estate owned GainsLossesOnSalesOfInvestmentRealEstate $61.30M USD 1 Quarter
Gain/(loss) on sale of real estate owned GainsLossesOnSalesOfInvestmentRealEstate $61.30M USD 2 Qtrs
Gain/(loss) on sale of real estate owned GainsLossesOnSalesOfInvestmentRealEstate $50.83M USD 2 Qtrs
Operating income OperatingIncomeLoss $35.79M USD 1 Quarter
Operating income OperatingIncomeLoss $130.73M USD 2 Qtrs
Operating income OperatingIncomeLoss $91.78M USD 1 Quarter
Operating income OperatingIncomeLoss $110.86M USD 2 Qtrs
Income/(loss) from unconsolidated entities IncomeLossFromEquityMethodInvestments $11.39M USD 2 Qtrs
Income/(loss) from unconsolidated entities IncomeLossFromEquityMethodInvestments $8.02M USD 1 Quarter
Income/(loss) from unconsolidated entities IncomeLossFromEquityMethodInvestments $9.75M USD 1 Quarter
Income/(loss) from unconsolidated entities IncomeLossFromEquityMethodInvestments $14.67M USD 2 Qtrs
Interest expense InterestExpenseDebt $77.91M USD 2 Qtrs
Interest expense InterestExpenseDebt $38.60M USD 1 Quarter
Interest expense InterestExpenseDebt $113.56M USD 2 Qtrs
Interest expense InterestExpenseDebt $35.40M USD 1 Quarter
Interest income and other income/(expense), net OtherNonoperatingIncomeExpense $2.54M USD 1 Quarter
Interest income and other income/(expense), net OtherNonoperatingIncomeExpense $5.12M USD 2 Qtrs
Interest income and other income/(expense), net OtherNonoperatingIncomeExpense $4.59M USD 2 Qtrs
Interest income and other income/(expense), net OtherNonoperatingIncomeExpense $2.42M USD 1 Quarter
Income/(loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $12.67M USD 1 Quarter
Income/(loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $16.56M USD 2 Qtrs
Income/(loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $69.33M USD 2 Qtrs
Income/(loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $63.62M USD 1 Quarter
Tax (provision)/benefit, net IncomeTaxExpenseBenefit $1.69M USD 2 Qtrs
Tax (provision)/benefit, net IncomeTaxExpenseBenefit $1.53M USD 1 Quarter
Tax (provision)/benefit, net IncomeTaxExpenseBenefit $754.00K USD 2 Qtrs
Tax (provision)/benefit, net IncomeTaxExpenseBenefit $135.00K USD 1 Quarter
Net income/(loss) ProfitLoss $62.10M USD 1 Quarter
Net income/(loss) ProfitLoss $15.81M USD 2 Qtrs
Net income/(loss) ProfitLoss $12.54M USD 1 Quarter
Net income/(loss) ProfitLoss $67.64M USD 2 Qtrs
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership NetIncomeLossAttributableToRedeemableNoncontrollingInterest $4.60M USD 2 Qtrs
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership NetIncomeLossAttributableToRedeemableNoncontrollingInterest $4.29M USD 1 Quarter
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership NetIncomeLossAttributableToRedeemableNoncontrollingInterest $961.00K USD 2 Qtrs
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership NetIncomeLossAttributableToRedeemableNoncontrollingInterest $807.00K USD 1 Quarter
Net (income)/loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $40.00K USD 2 Qtrs
Net (income)/loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $34.00K USD 1 Quarter
Net (income)/loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $24.00K USD 2 Qtrs
Net (income)/loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $8.00K USD 1 Quarter
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $57.77M USD 1 Quarter
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $14.82M USD 2 Qtrs
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $62.99M USD 2 Qtrs
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $11.72M USD 1 Quarter
Distributions to preferred stockholders - Series E (Convertible) DividendsPreferredStock $1.06M USD 1 Quarter
Distributions to preferred stockholders - Series E (Convertible) DividendsPreferredStock $1.06M USD 1 Quarter
Distributions to preferred stockholders - Series E (Convertible) DividendsPreferredStock $2.13M USD 2 Qtrs
Distributions to preferred stockholders - Series E (Convertible) DividendsPreferredStock $2.11M USD 2 Qtrs
Net income/(loss) attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $10.66M USD 1 Quarter
Net income/(loss) attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $56.71M USD 1 Quarter
Net income/(loss) attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $60.86M USD 2 Qtrs
Net income/(loss) attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $12.71M USD 2 Qtrs
Income/(loss) per weighted average common share - basic EarningsPerShareBasic $0.21 USD 2 Qtrs
Income/(loss) per weighted average common share - basic EarningsPerShareBasic $0.04 USD 2 Qtrs
Income/(loss) per weighted average common share - basic EarningsPerShareBasic $0.19 USD 1 Quarter
Income/(loss) per weighted average common share - basic EarningsPerShareBasic $0.04 USD 1 Quarter
Income/(loss) per weighted average common share - diluted EarningsPerShareDiluted $0.19 USD 1 Quarter
Income/(loss) per weighted average common share - diluted EarningsPerShareDiluted $0.04 USD 2 Qtrs
Income/(loss) per weighted average common share - diluted EarningsPerShareDiluted $0.04 USD 1 Quarter
Income/(loss) per weighted average common share - diluted EarningsPerShareDiluted $0.21 USD 2 Qtrs
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 296.56M shares 2 Qtrs
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 296.59M shares 1 Quarter
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 294.71M shares 1 Quarter
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 294.58M shares 2 Qtrs
Weighted average number of common shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 297.22M shares 2 Qtrs
Weighted average number of common shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 297.54M shares 1 Quarter
Weighted average number of common shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 295.08M shares 2 Qtrs
Weighted average number of common shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 295.09M shares 1 Quarter
Cash Flow Statement 98 line items
Line Item Tag Value Unit Period
Net income/(loss) ProfitLoss $62.10M USD 1 Quarter
Net income/(loss) ProfitLoss $15.81M USD 2 Qtrs
Net income/(loss) ProfitLoss $12.54M USD 1 Quarter
Net income/(loss) ProfitLoss $67.64M USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $314.58M USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $295.46M USD 2 Qtrs
(Gain)/loss on sale of real estate owned GainsLossesOnSalesOfInvestmentRealEstate $61.30M USD 1 Quarter
(Gain)/loss on sale of real estate owned GainsLossesOnSalesOfInvestmentRealEstate $61.30M USD 2 Qtrs
(Gain)/loss on sale of real estate owned GainsLossesOnSalesOfInvestmentRealEstate $50.83M USD 2 Qtrs
(Income)/loss from unconsolidated entities IncomeLossFromEquityMethodInvestments $11.39M USD 2 Qtrs
(Income)/loss from unconsolidated entities IncomeLossFromEquityMethodInvestments $8.02M USD 1 Quarter
(Income)/loss from unconsolidated entities IncomeLossFromEquityMethodInvestments $9.75M USD 1 Quarter
(Income)/loss from unconsolidated entities IncomeLossFromEquityMethodInvestments $14.67M USD 2 Qtrs
Return on investment in unconsolidated joint ventures ReturnOnInvestmentInEquityMethodInvestments $2.02M USD 2 Qtrs
Return on investment in unconsolidated joint ventures ReturnOnInvestmentInEquityMethodInvestments $16.60M USD 2 Qtrs
Amortization of share-based compensation ShareBasedCompensation $11.31M USD 2 Qtrs
Amortization of share-based compensation ShareBasedCompensation $10.81M USD 2 Qtrs
Loss on extinguishment of debt, net GainsLossesOnExtinguishmentOfDebt $-41.95M USD 2 Qtrs
Other OtherOperatingActivitiesCashFlowStatement $8.20M USD 2 Qtrs
Other OtherOperatingActivitiesCashFlowStatement $15.75M USD 2 Qtrs
(Increase)/decrease in operating assets IncreaseDecreaseInOperatingAssets $20.28M USD 2 Qtrs
(Increase)/decrease in operating assets IncreaseDecreaseInOperatingAssets $-925.00K USD 2 Qtrs
Increase/(decrease) in operating liabilities IncreaseDecreaseInOperatingLiabilities $-2.15M USD 2 Qtrs
Increase/(decrease) in operating liabilities IncreaseDecreaseInOperatingLiabilities $6.74M USD 2 Qtrs
Net cash provided by/(used in) operating activities NetCashProvidedByUsedInOperatingActivities $330.16M USD 2 Qtrs
Net cash provided by/(used in) operating activities NetCashProvidedByUsedInOperatingActivities $317.01M USD 2 Qtrs
Acquisition of real estate assets PaymentsToAcquireBuildings $295.30M USD 2 Qtrs
Acquisition of real estate assets PaymentsToAcquireBuildings $141.73M USD 2 Qtrs
Proceeds from sales of real estate investments, net ProceedsFromSaleOfRealEstateHeldforinvestment $154.86M USD 2 Qtrs
Proceeds from sales of real estate investments, net ProceedsFromSaleOfRealEstateHeldforinvestment $133.93M USD 2 Qtrs
Development of real estate assets PaymentsToDevelopRealEstateAssets $63.01M USD 2 Qtrs
Development of real estate assets PaymentsToDevelopRealEstateAssets $74.52M USD 2 Qtrs
Capital expenditures and other major improvements - real estate assets PaymentsForCapitalImprovements $64.08M USD 2 Qtrs
Capital expenditures and other major improvements - real estate assets PaymentsForCapitalImprovements $66.10M USD 2 Qtrs
Capital expenditures - non-real estate assets PaymentsToAcquireFurnitureAndFixtures $7.36M USD 2 Qtrs
Capital expenditures - non-real estate assets PaymentsToAcquireFurnitureAndFixtures $7.15M USD 2 Qtrs
Investment in unconsolidated joint ventures PaymentsToAcquireInterestInSubsidiariesAndAffiliates $20.04M USD 2 Qtrs
Investment in unconsolidated joint ventures PaymentsToAcquireInterestInSubsidiariesAndAffiliates $53.71M USD 2 Qtrs
Distributions received from unconsolidated joint ventures ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $5.73M USD 2 Qtrs
Distributions received from unconsolidated joint ventures ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital $33.34M USD 2 Qtrs
Purchase deposits on pending acquisitions PaymentsForDepositsOnPendingAcquisitions $-5.10M USD 2 Qtrs
Repayment/(issuance) of notes receivable, net PaymentsForProceedsFromLoansReceivable $1.06M USD 2 Qtrs
Repayment/(issuance) of notes receivable, net PaymentsForProceedsFromLoansReceivable $5.34M USD 2 Qtrs
Net cash provided by/(used in) investing activities NetCashProvidedByUsedInInvestingActivities $-161.89M USD 2 Qtrs
Net cash provided by/(used in) investing activities NetCashProvidedByUsedInInvestingActivities $-314.74M USD 2 Qtrs
Payments on secured debt RepaymentsOfSecuredDebt $543.00K USD 2 Qtrs
Payments on secured debt RepaymentsOfSecuredDebt $31.62M USD 2 Qtrs
Payments on unsecured debt RepaymentsOfUnsecuredDebt $300.00M USD 2 Qtrs
Net proceeds from the issuance of unsecured debt ProceedsFromIssuanceOfUnsecuredDebt $298.78M USD 2 Qtrs
Net proceeds from the issuance of unsecured debt ProceedsFromIssuanceOfUnsecuredDebt $211.32M USD 2 Qtrs
Net proceeds/(repayment) of commercial paper ProceedsFromRepaymentsOfCommercialPaper $280.00M USD 2 Qtrs
Net proceeds/(repayment) of commercial paper ProceedsFromRepaymentsOfCommercialPaper $-115.00M USD 2 Qtrs
Net proceeds/(repayment) of revolving bank debt ProceedsFromRepaymentsOfLinesOfCredit $-706.00K USD 2 Qtrs
Net proceeds/(repayment) of revolving bank debt ProceedsFromRepaymentsOfLinesOfCredit $597.00K USD 2 Qtrs
Distributions paid to redeemable noncontrolling interests PaymentsOfDividendsMinorityInterest $16.90M USD 2 Qtrs
Distributions paid to redeemable noncontrolling interests PaymentsOfDividendsMinorityInterest $15.78M USD 2 Qtrs
Distributions paid to preferred stockholders PaymentsOfDividendsPreferredStockAndPreferenceStock $2.12M USD 2 Qtrs
Distributions paid to preferred stockholders PaymentsOfDividendsPreferredStockAndPreferenceStock $2.11M USD 2 Qtrs
Distributions paid to common stockholders PaymentsOfDividendsCommonStock $207.09M USD 2 Qtrs
Distributions paid to common stockholders PaymentsOfDividendsCommonStock $214.43M USD 2 Qtrs
Payment of prepayment and extinguishment costs PaymentsOfDebtExtinguishmentCosts $40.77M USD 2 Qtrs
Other ProceedsFromPaymentsForOtherFinancingActivities $-6.84M USD 2 Qtrs
Other ProceedsFromPaymentsForOtherFinancingActivities $-5.84M USD 2 Qtrs
Net cash provided by/(used in) financing activities NetCashProvidedByUsedInFinancingActivities $-165.54M USD 2 Qtrs
Net cash provided by/(used in) financing activities NetCashProvidedByUsedInFinancingActivities $-3.52M USD 2 Qtrs
Net increase/(decrease) in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $11.90M USD 2 Qtrs
Net increase/(decrease) in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $-10.41M USD 2 Qtrs
Cash, cash equivalents, and restricted cash, beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $33.29M USD Point-in-time
Cash, cash equivalents, and restricted cash, beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $22.88M USD Point-in-time
Cash, cash equivalents, and restricted cash, beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $36.07M USD Point-in-time
Cash, cash equivalents, and restricted cash, beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $24.17M USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $33.29M USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $22.88M USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $36.07M USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $24.17M USD Point-in-time
Interest paid during the period, net of amounts capitalized InterestPaidNet $71.01M USD 2 Qtrs
Interest paid during the period, net of amounts capitalized InterestPaidNet $78.17M USD 2 Qtrs
Operating cash flows from operating leases ProceedsFromLeasePayments $6.25M USD 2 Qtrs
Operating cash flows from operating leases ProceedsFromLeasePayments $6.25M USD 2 Qtrs
Cash paid/(refunds received) for income taxes IncomeTaxesPaidNet $3.01M USD 2 Qtrs
Cash paid/(refunds received) for income taxes IncomeTaxesPaidNet $1.32M USD 2 Qtrs
Secured debt assumed upon acquisition of real estate assets NoncashOrPartNoncashAcquisitionDebtAssumed1 $201.30M USD 2 Qtrs
Acquisition of land parcel pursuant to a deed in lieu of foreclosure EscrowDepositDisbursementsRelatedToPropertyAcquisition1 $25.00M USD 2 Qtrs
Cancellation of secured note receivable pursuant to a deed in lieu of foreclosure CancellationOfSecuredNoteReceivableRelatedToForeclosure $24.87M USD 2 Qtrs
Transfer of investment in and advances to unconsolidated joint ventures to real estate owned TransferToOtherRealEstate $14.70M USD 2 Qtrs
Acquisition of intellectual property in exchange for cancellation of secured note receivable NotesReceivableCancellation $2.25M USD 2 Qtrs
Recognition of allowance for credit losses ProvisionForLoanLeaseAndOtherLosses $2.18M USD 2 Qtrs
Vesting of LTIP Units SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1 $23.02M USD 2 Qtrs
Vesting of LTIP Units SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1 $14.58M USD 2 Qtrs
Development costs and capital expenditures incurred, but not yet paid CapitalExpendituresIncurredButNotYetPaid $26.40M USD 2 Qtrs
Development costs and capital expenditures incurred, but not yet paid CapitalExpendituresIncurredButNotYetPaid $38.54M USD 2 Qtrs
Conversion of Operating Partnership and DownREIT Partnership noncontrolling interests to common stock (136,206 shares in 2021 and 261,196 shares in 2020) StockIssuedDuringPeriodValueConversionOfUnits $3.42M USD 1 Quarter
Conversion of Operating Partnership and DownREIT Partnership noncontrolling interests to common stock (136,206 shares in 2021 and 261,196 shares in 2020) StockIssuedDuringPeriodValueConversionOfUnits $842.00K USD 1 Quarter
Conversion of Operating Partnership and DownREIT Partnership noncontrolling interests to common stock (136,206 shares in 2021 and 261,196 shares in 2020) StockIssuedDuringPeriodValueConversionOfUnits $11.25M USD 2 Qtrs
Conversion of Operating Partnership and DownREIT Partnership noncontrolling interests to common stock (136,206 shares in 2021 and 261,196 shares in 2020) StockIssuedDuringPeriodValueConversionOfUnits $5.34M USD 2 Qtrs
Dividends declared, but not yet paid DividendsPayableCurrentAndNoncurrent $115.25M USD Point-in-time
Dividends declared, but not yet paid DividendsPayableCurrentAndNoncurrent $115.80M USD Point-in-time
Dividends declared, but not yet paid DividendsPayableCurrentAndNoncurrent $116.69M USD Point-in-time
Stockholders Equity 61 line items
Line Item Tag Value Unit Period
Common stock distributions declared per share CommonStockDividendsPerShareDeclared $0.36 USD 1 Quarter
Common stock distributions declared per share CommonStockDividendsPerShareDeclared $0.72 USD 2 Qtrs
Common stock distributions declared per share CommonStockDividendsPerShareDeclared $0.72 USD 2 Qtrs
Common stock distributions declared per share CommonStockDividendsPerShareDeclared $0.36 USD 1 Quarter
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.41B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.81B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.48B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.26B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.02B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $57.77M USD 1 Quarter
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $14.82M USD 2 Qtrs
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $62.99M USD 2 Qtrs
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $11.72M USD 1 Quarter
Net income/(loss) attributable to noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-19.00K USD 1 Quarter
Net income/(loss) attributable to noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-9.00K USD 2 Qtrs
Net income/(loss) attributable to noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-16.00K USD 2 Qtrs
Net income/(loss) attributable to noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-8.00K USD 1 Quarter
Redemption of noncontrolling interests in consolidated real estate MinorityInterestDecreaseFromRedemptions $125.00K USD 2 Qtrs
Long Term Incentive Plan Unit grants/(vestings), net LongTermIncentivePlanUnitGrantsVestingsNet $3.33M USD 1 Quarter
Long Term Incentive Plan Unit grants/(vestings), net LongTermIncentivePlanUnitGrantsVestingsNet $6.22M USD 1 Quarter
Long Term Incentive Plan Unit grants/(vestings), net LongTermIncentivePlanUnitGrantsVestingsNet $-3.38M USD 2 Qtrs
Long Term Incentive Plan Unit grants/(vestings), net LongTermIncentivePlanUnitGrantsVestingsNet $-13.16M USD 2 Qtrs
Other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $313.00K USD 1 Quarter
Other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $843.00K USD 2 Qtrs
Other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $930.00K USD 1 Quarter
Other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $-1.49M USD 2 Qtrs
Issuance/(forfeiture) of common and restricted shares, net StockIssuedDuringPeriodValueShareBasedCompensation $1.71M USD 1 Quarter
Issuance/(forfeiture) of common and restricted shares, net StockIssuedDuringPeriodValueShareBasedCompensation $1.10M USD 1 Quarter
Issuance/(forfeiture) of common and restricted shares, net StockIssuedDuringPeriodValueShareBasedCompensation $1.51M USD 2 Qtrs
Issuance/(forfeiture) of common and restricted shares, net StockIssuedDuringPeriodValueShareBasedCompensation $-228.00K USD 2 Qtrs
Issuance of common shares through public offering, net StockIssuedDuringPeriodValueNewIssues $-393.00K USD 2 Qtrs
Issuance of common shares through public offering, net StockIssuedDuringPeriodValueNewIssues $-393.00K USD 1 Quarter
Cumulative effect upon adoption of ASC 326 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.41B USD Point-in-time
Cumulative effect upon adoption of ASC 326 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.81B USD Point-in-time
Cumulative effect upon adoption of ASC 326 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.48B USD Point-in-time
Cumulative effect upon adoption of ASC 326 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.26B USD Point-in-time
Cumulative effect upon adoption of ASC 326 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.02B USD Point-in-time
Cumulative effect upon adoption of ASC 326 StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Adjustment for conversion of noncontrolling interest of unitholders in the Operating Partnership and DownREIT Partnership StockIssuedDuringPeriodValueConversionOfUnits $3.42M USD 1 Quarter
Adjustment for conversion of noncontrolling interest of unitholders in the Operating Partnership and DownREIT Partnership StockIssuedDuringPeriodValueConversionOfUnits $842.00K USD 1 Quarter
Adjustment for conversion of noncontrolling interest of unitholders in the Operating Partnership and DownREIT Partnership StockIssuedDuringPeriodValueConversionOfUnits $11.25M USD 2 Qtrs
Adjustment for conversion of noncontrolling interest of unitholders in the Operating Partnership and DownREIT Partnership StockIssuedDuringPeriodValueConversionOfUnits $5.34M USD 2 Qtrs
Common stock distributions declared DividendsCommonStockCash $212.42M USD 2 Qtrs
Common stock distributions declared DividendsCommonStockCash $215.26M USD 2 Qtrs
Common stock distributions declared DividendsCommonStockCash $106.23M USD 1 Quarter
Common stock distributions declared DividendsCommonStockCash $107.61M USD 1 Quarter
Preferred stock distributions declared-Series E PreferredStockDividendsIncomeStatementImpact $1.06M USD 1 Quarter
Preferred stock distributions declared-Series E PreferredStockDividendsIncomeStatementImpact $1.06M USD 1 Quarter
Preferred stock distributions declared-Series E PreferredStockDividendsIncomeStatementImpact $2.13M USD 2 Qtrs
Preferred stock distributions declared-Series E PreferredStockDividendsIncomeStatementImpact $2.11M USD 2 Qtrs
Adjustment to reflect redemption value of redeemable noncontrolling interests MinorityInterestChangeInRedemptionValue $-254.68M USD 2 Qtrs
Adjustment to reflect redemption value of redeemable noncontrolling interests MinorityInterestChangeInRedemptionValue $-122.98M USD 1 Quarter
Adjustment to reflect redemption value of redeemable noncontrolling interests MinorityInterestChangeInRedemptionValue $182.99M USD 2 Qtrs
Adjustment to reflect redemption value of redeemable noncontrolling interests MinorityInterestChangeInRedemptionValue $-22.72M USD 1 Quarter
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.41B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.81B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.48B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.26B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.02B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Comprehensive Income 28 line items
Line Item Tag Value Unit Period
Net income/(loss) ProfitLoss $62.10M USD 1 Quarter
Net income/(loss) ProfitLoss $15.81M USD 2 Qtrs
Net income/(loss) ProfitLoss $12.54M USD 1 Quarter
Net income/(loss) ProfitLoss $67.64M USD 2 Qtrs
Unrealized holding gain/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-3.21M USD 2 Qtrs
Unrealized holding gain/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $34.00K USD 2 Qtrs
Unrealized holding gain/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-294.00K USD 1 Quarter
Unrealized holding gain/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-94.00K USD 1 Quarter
(Gain)/loss reclassified into earnings from other comprehensive income/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-1.65M USD 2 Qtrs
(Gain)/loss reclassified into earnings from other comprehensive income/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-1.29M USD 1 Quarter
(Gain)/loss reclassified into earnings from other comprehensive income/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-873.00K USD 2 Qtrs
(Gain)/loss reclassified into earnings from other comprehensive income/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-428.00K USD 1 Quarter
Other comprehensive income/(loss), including portion attributable to noncontrolling interests OtherComprehensiveIncomeLossNetOfTax $334.00K USD 1 Quarter
Other comprehensive income/(loss), including portion attributable to noncontrolling interests OtherComprehensiveIncomeLossNetOfTax $998.00K USD 1 Quarter
Other comprehensive income/(loss), including portion attributable to noncontrolling interests OtherComprehensiveIncomeLossNetOfTax $-1.56M USD 2 Qtrs
Other comprehensive income/(loss), including portion attributable to noncontrolling interests OtherComprehensiveIncomeLossNetOfTax $907.00K USD 2 Qtrs
Comprehensive income/(loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $16.72M USD 2 Qtrs
Comprehensive income/(loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $12.87M USD 1 Quarter
Comprehensive income/(loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $63.09M USD 1 Quarter
Comprehensive income/(loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $66.07M USD 2 Qtrs
Comprehensive (income)/loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.05M USD 2 Qtrs
Comprehensive (income)/loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $4.39M USD 1 Quarter
Comprehensive (income)/loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $836.00K USD 1 Quarter
Comprehensive (income)/loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $4.57M USD 2 Qtrs
Comprehensive income/(loss) attributable to UDR, Inc. ComprehensiveIncomeNetOfTax $15.67M USD 2 Qtrs
Comprehensive income/(loss) attributable to UDR, Inc. ComprehensiveIncomeNetOfTax $12.03M USD 1 Quarter
Comprehensive income/(loss) attributable to UDR, Inc. ComprehensiveIncomeNetOfTax $61.50M USD 2 Qtrs
Comprehensive income/(loss) attributable to UDR, Inc. ComprehensiveIncomeNetOfTax $58.70M USD 1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.

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