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10-Q Filing

UDR, INC. CIK: 74208 Q2 2022
Filing Information
Form Type 10-Q
Accession Number 0000074208-22-000053
Period End Date 20220630
Filing Date 20220727
Fiscal Year 2022
Fiscal Period Q2
XBRL Instance udr-20220630x10q_htm.xml
Balance Sheet 85 line items
Line Item Tag Value Unit Period
Real estate under development accumulated depreciation RealEstateUnderDevelopmentAccumulatedDepreciation $1.74M USD Point-in-time
Real estate under development accumulated depreciation RealEstateUnderDevelopmentAccumulatedDepreciation $507.00K USD Point-in-time
Real estate held for investment RealEstateInvestmentPropertyAtCost $14.35B USD Point-in-time
Real estate held for investment RealEstateInvestmentPropertyAtCost $14.87B USD Point-in-time
Preferred stock, no par value PreferredStockNoParValue - USD Point-in-time
Preferred stock, no par value PreferredStockNoParValue - USD Point-in-time
Less: accumulated depreciation RealEstateInvestmentPropertyAccumulatedDepreciation $5.14B USD Point-in-time
Less: accumulated depreciation RealEstateInvestmentPropertyAccumulatedDepreciation $5.44B USD Point-in-time
Real estate held for investment, net RealEstateHeldForInvestmentNetExcludingRealEstateUnderDevelopmentOrHeldForDisposition $9.22B USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 50.00M shares Point-in-time
Real estate held for investment, net RealEstateHeldForInvestmentNetExcludingRealEstateUnderDevelopmentOrHeldForDisposition $9.43B USD Point-in-time
Preferred stock, shares authorized PreferredStockSharesAuthorized 50.00M shares Point-in-time
Real estate under development (net of accumulated depreciation of $1,744 and $507, respectively) DevelopmentInProcess $399.03M USD Point-in-time
Real estate under development (net of accumulated depreciation of $1,744 and $507, respectively) DevelopmentInProcess $388.06M USD Point-in-time
Total real estate owned, net of accumulated depreciation RealEstateInvestmentPropertyNet $9.83B USD Point-in-time
Total real estate owned, net of accumulated depreciation RealEstateInvestmentPropertyNet $9.60B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $967.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $3.37M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $921.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.41M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $27.45M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $27.77M 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 $22.76M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 450.00M shares Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 450.00M shares Point-in-time
Notes receivable, net FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $26.86M USD Point-in-time
Notes receivable, net FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $37.55M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 318.15M shares Point-in-time
Investment in and advances to unconsolidated joint ventures, net InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure $691.86M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 324.90M shares Point-in-time
Investment in and advances to unconsolidated joint ventures, net InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure $702.46M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $197.46M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $195.75M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 318.15M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 324.90M shares Point-in-time
Other assets OtherAssets $214.76M USD Point-in-time
Other assets OtherAssets $216.31M USD Point-in-time
Total assets Assets $11.00B USD Point-in-time
Total assets Assets $10.78B USD Point-in-time
Secured debt, net SecuredDebt $1.06B USD Point-in-time
Secured debt, net SecuredDebt $1.05B USD Point-in-time
Unsecured debt, net UnsecuredDebt $4.46B USD Point-in-time
Unsecured debt, net UnsecuredDebt $4.36B USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $190.88M USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $192.49M USD Point-in-time
Real estate taxes payable AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent $33.09M USD Point-in-time
Real estate taxes payable AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent $36.79M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $45.92M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $45.98M USD Point-in-time
Security deposits and prepaid rent AdvanceRent $53.48M USD Point-in-time
Security deposits and prepaid rent AdvanceRent $55.44M USD Point-in-time
Distributions payable DividendsPayableCurrentAndNoncurrent $124.73M USD Point-in-time
Distributions payable DividendsPayableCurrentAndNoncurrent $132.79M USD Point-in-time
Distributions payable DividendsPayableCurrentAndNoncurrent $116.69M USD Point-in-time
Accounts payable, accrued expenses, and other liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $136.95M USD Point-in-time
Accounts payable, accrued expenses, and other liabilities AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent $137.09M USD Point-in-time
Total liabilities Liabilities $6.00B USD Point-in-time
Total liabilities Liabilities $6.11B 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 $1.30B USD Point-in-time
Redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership RedeemableNoncontrollingInterestEquityCommonCarryingAmount $1.01B USD Point-in-time
Common stock, $0.01 par value; 450,000,000 shares authorized at June 30, 2022 and December 31, 2021: 324,900,864 and 318,149,635 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively CommonStockValue $3.25M USD Point-in-time
Common stock, $0.01 par value; 450,000,000 shares authorized at June 30, 2022 and December 31, 2021: 324,900,864 and 318,149,635 shares issued and outstanding at June 30, 2022 and December 31, 2021, respectively CommonStockValue $3.18M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $6.88B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $7.24B USD Point-in-time
Distributions in excess of net income AccumulatedDistributionsInExcessOfNetIncome $3.43B USD Point-in-time
Distributions in excess of net income AccumulatedDistributionsInExcessOfNetIncome $3.49B USD Point-in-time
Accumulated other comprehensive income/(loss), net AccumulatedOtherComprehensiveIncomeLossNetOfTax $-4.26M USD Point-in-time
Accumulated other comprehensive income/(loss), net AccumulatedOtherComprehensiveIncomeLossNetOfTax $4.34M USD Point-in-time
Total stockholders' equity StockholdersEquity $3.87B USD Point-in-time
Total stockholders' equity StockholdersEquity $3.44B USD Point-in-time
Noncontrolling interests MinorityInterest $210.00K USD Point-in-time
Noncontrolling interests MinorityInterest $31.43M USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.26B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.81B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.87B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.02B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.47B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $10.78B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $11.00B USD Point-in-time
Income Statement 116 line items
Line Item Tag Value Unit Period
Rental income OperatingLeaseLeaseIncome $608.94M USD 2 Qtrs
Rental income OperatingLeaseLeaseIncome $309.12M USD 1 Quarter
Rental income OperatingLeaseLeaseIncome $723.93M USD 2 Qtrs
Rental income OperatingLeaseLeaseIncome $367.75M USD 1 Quarter
Joint venture management and other fees RevenueFromContractWithCustomerExcludingAssessedTax $2.50M USD 2 Qtrs
Joint venture management and other fees RevenueFromContractWithCustomerExcludingAssessedTax $3.85M USD 2 Qtrs
Joint venture management and other fees RevenueFromContractWithCustomerExcludingAssessedTax $2.23M USD 1 Quarter
Joint venture management and other fees RevenueFromContractWithCustomerExcludingAssessedTax $1.42M USD 1 Quarter
Total revenues Revenues $311.35M USD 1 Quarter
Total revenues Revenues $612.79M USD 2 Qtrs
Total revenues Revenues $369.17M USD 1 Quarter
Total revenues Revenues $726.43M USD 2 Qtrs
Property operating and maintenance DirectCostsOfLeasedAndRentedPropertyOrEquipment $118.89M USD 2 Qtrs
Property operating and maintenance DirectCostsOfLeasedAndRentedPropertyOrEquipment $60.41M USD 1 Quarter
Property operating and maintenance DirectCostsOfLeasedAndRentedPropertyOrEquipment $102.72M USD 2 Qtrs
Property operating and maintenance DirectCostsOfLeasedAndRentedPropertyOrEquipment $51.34M USD 1 Quarter
Real estate taxes and insurance RealEstateTaxesAndInsurance $52.79M USD 1 Quarter
Real estate taxes and insurance RealEstateTaxesAndInsurance $96.53M USD 2 Qtrs
Real estate taxes and insurance RealEstateTaxesAndInsurance $49.15M USD 1 Quarter
Real estate taxes and insurance RealEstateTaxesAndInsurance $106.55M USD 2 Qtrs
Property management PropertyManagementCostsOperating $11.95M USD 1 Quarter
Property management PropertyManagementCostsOperating $18.27M USD 2 Qtrs
Property management PropertyManagementCostsOperating $9.27M USD 1 Quarter
Property management PropertyManagementCostsOperating $23.53M USD 2 Qtrs
Other operating expenses OtherCostAndExpenseOperating $9.74M USD 2 Qtrs
Other operating expenses OtherCostAndExpenseOperating $5.03M USD 1 Quarter
Other operating expenses OtherCostAndExpenseOperating $8.81M USD 2 Qtrs
Other operating expenses OtherCostAndExpenseOperating $4.37M USD 1 Quarter
Real estate depreciation and amortization DepreciationNonproduction $290.26M USD 2 Qtrs
Real estate depreciation and amortization DepreciationNonproduction $146.17M USD 1 Quarter
Real estate depreciation and amortization DepreciationNonproduction $167.58M USD 1 Quarter
Real estate depreciation and amortization DepreciationNonproduction $331.21M USD 2 Qtrs
General and administrative GeneralAndAdministrativeExpense $15.13M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $27.86M USD 2 Qtrs
General and administrative GeneralAndAdministrativeExpense $31.49M USD 2 Qtrs
General and administrative GeneralAndAdministrativeExpense $16.59M USD 1 Quarter
Casualty-related charges/(recoveries), net CasualtyRelatedRecoveriesChargesNet $-2.46M USD 1 Quarter
Casualty-related charges/(recoveries), net CasualtyRelatedRecoveriesChargesNet $309.00K USD 2 Qtrs
Casualty-related charges/(recoveries), net CasualtyRelatedRecoveriesChargesNet $1.07M USD 1 Quarter
Casualty-related charges/(recoveries), net CasualtyRelatedRecoveriesChargesNet $3.11M USD 2 Qtrs
Other depreciation and amortization OtherDepreciationAndAmortization $3.02M USD 1 Quarter
Other depreciation and amortization OtherDepreciationAndAmortization $5.20M USD 2 Qtrs
Other depreciation and amortization OtherDepreciationAndAmortization $2.60M USD 1 Quarter
Other depreciation and amortization OtherDepreciationAndAmortization $6.09M USD 2 Qtrs
Total operating expenses CostsAndExpenses $627.81M USD 2 Qtrs
Total operating expenses CostsAndExpenses $275.56M USD 1 Quarter
Total operating expenses CostsAndExpenses $552.76M USD 2 Qtrs
Total operating expenses CostsAndExpenses $318.43M USD 1 Quarter
Gain/(loss) on sale of real estate owned GainsLossesOnSalesOfInvestmentRealEstate - USD 1 Quarter
Gain/(loss) on sale of real estate owned GainsLossesOnSalesOfInvestmentRealEstate $50.83M USD 2 Qtrs
Gain/(loss) on sale of real estate owned GainsLossesOnSalesOfInvestmentRealEstate - USD 2 Qtrs
Gain/(loss) on sale of real estate owned GainsLossesOnSalesOfInvestmentRealEstate - USD 1 Quarter
Operating income OperatingIncomeLoss $110.86M USD 2 Qtrs
Operating income OperatingIncomeLoss $35.79M USD 1 Quarter
Operating income OperatingIncomeLoss $50.74M USD 1 Quarter
Operating income OperatingIncomeLoss $98.63M USD 2 Qtrs
Income/(loss) from unconsolidated entities IncomeLossFromEquityMethodInvestments $-5.82M USD 2 Qtrs
Income/(loss) from unconsolidated entities IncomeLossFromEquityMethodInvestments $9.75M USD 1 Quarter
Income/(loss) from unconsolidated entities IncomeLossFromEquityMethodInvestments $-11.23M USD 1 Quarter
Income/(loss) from unconsolidated entities IncomeLossFromEquityMethodInvestments $14.67M USD 2 Qtrs
Interest expense InterestExpenseDebt $72.75M USD 2 Qtrs
Interest expense InterestExpenseDebt $35.40M USD 1 Quarter
Interest expense InterestExpenseDebt $113.56M USD 2 Qtrs
Interest expense InterestExpenseDebt $36.83M USD 1 Quarter
Interest income and other income/(expense), net OtherNonoperatingIncomeExpense $2.54M USD 1 Quarter
Interest income and other income/(expense), net OtherNonoperatingIncomeExpense $4.59M USD 2 Qtrs
Interest income and other income/(expense), net OtherNonoperatingIncomeExpense $3.00M USD 1 Quarter
Interest income and other income/(expense), net OtherNonoperatingIncomeExpense $561.00K USD 2 Qtrs
Income/(loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $12.67M USD 1 Quarter
Income/(loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $20.62M USD 2 Qtrs
Income/(loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $16.56M USD 2 Qtrs
Income/(loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $5.68M USD 1 Quarter
Tax (provision)/benefit, net IncomeTaxExpenseBenefit $135.00K USD 1 Quarter
Tax (provision)/benefit, net IncomeTaxExpenseBenefit $754.00K USD 2 Qtrs
Tax (provision)/benefit, net IncomeTaxExpenseBenefit $312.00K USD 1 Quarter
Tax (provision)/benefit, net IncomeTaxExpenseBenefit $655.00K USD 2 Qtrs
Net income/(loss) ProfitLoss $19.97M USD 2 Qtrs
Net income/(loss) ProfitLoss $15.81M USD 2 Qtrs
Net income/(loss) ProfitLoss $5.36M USD 1 Quarter
Net income/(loss) ProfitLoss $12.54M 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 $1.15M 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 redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership NetIncomeLossAttributableToRedeemableNoncontrollingInterest $272.00K USD 1 Quarter
Net (income)/loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $24.00K USD 2 Qtrs
Net (income)/loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $27.00K USD 2 Qtrs
Net (income)/loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $8.00K USD 1 Quarter
Net (income)/loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $8.00K USD 1 Quarter
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $18.79M USD 2 Qtrs
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $5.08M USD 1 Quarter
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $11.72M USD 1 Quarter
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $14.82M USD 2 Qtrs
Distributions to preferred stockholders - Series E (Convertible) DividendsPreferredStock $1.06M USD 1 Quarter
Distributions to preferred stockholders - Series E (Convertible) DividendsPreferredStock $2.11M USD 2 Qtrs
Distributions to preferred stockholders - Series E (Convertible) DividendsPreferredStock $2.20M USD 2 Qtrs
Distributions to preferred stockholders - Series E (Convertible) DividendsPreferredStock $1.11M USD 1 Quarter
Net income/(loss) attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $16.59M USD 2 Qtrs
Net income/(loss) attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $10.66M USD 1 Quarter
Net income/(loss) attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $12.71M USD 2 Qtrs
Net income/(loss) attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $3.98M USD 1 Quarter
Income/(loss) per weighted average common share - basic EarningsPerShareBasic $0.04 USD 2 Qtrs
Income/(loss) per weighted average common share - basic EarningsPerShareBasic $0.01 USD 1 Quarter
Income/(loss) per weighted average common share - basic EarningsPerShareBasic $0.05 USD 2 Qtrs
Income/(loss) per weighted average common share - basic EarningsPerShareBasic $0.04 USD 1 Quarter
Income/(loss) per weighted average common share - diluted EarningsPerShareDiluted $0.01 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 $0.05 USD 2 Qtrs
Income/(loss) per weighted average common share - diluted EarningsPerShareDiluted $0.04 USD 1 Quarter
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 318.18M 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 318.35M shares 1 Quarter
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 296.56M shares 2 Qtrs
Weighted average number of common shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 319.59M 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 319.57M shares 1 Quarter
Cash Flow Statement 95 line items
Line Item Tag Value Unit Period
Net income/(loss) ProfitLoss $19.97M USD 2 Qtrs
Net income/(loss) ProfitLoss $15.81M USD 2 Qtrs
Net income/(loss) ProfitLoss $5.36M USD 1 Quarter
Net income/(loss) ProfitLoss $12.54M USD 1 Quarter
Depreciation and amortization DepreciationDepletionAndAmortization $295.46M USD 2 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $337.30M USD 2 Qtrs
(Gain)/loss on sale of real estate owned GainsLossesOnSalesOfInvestmentRealEstate - USD 1 Quarter
(Gain)/loss on sale of real estate owned GainsLossesOnSalesOfInvestmentRealEstate $50.83M USD 2 Qtrs
(Gain)/loss on sale of real estate owned GainsLossesOnSalesOfInvestmentRealEstate - USD 2 Qtrs
(Gain)/loss on sale of real estate owned GainsLossesOnSalesOfInvestmentRealEstate - USD 1 Quarter
(Income)/loss from unconsolidated entities IncomeLossFromEquityMethodInvestments $-5.82M USD 2 Qtrs
(Income)/loss from unconsolidated entities IncomeLossFromEquityMethodInvestments $9.75M USD 1 Quarter
(Income)/loss from unconsolidated entities IncomeLossFromEquityMethodInvestments $-11.23M USD 1 Quarter
(Income)/loss from unconsolidated entities IncomeLossFromEquityMethodInvestments $14.67M USD 2 Qtrs
Return on investment in unconsolidated joint ventures and partnerships ReturnOnInvestmentInEquityMethodInvestments $16.60M USD 2 Qtrs
Return on investment in unconsolidated joint ventures and partnerships ReturnOnInvestmentInEquityMethodInvestments $14.31M USD 2 Qtrs
Amortization of share-based compensation ShareBasedCompensation $13.81M USD 2 Qtrs
Amortization of share-based compensation ShareBasedCompensation $11.31M USD 2 Qtrs
Loss on extinguishment of debt, net GainsLossesOnExtinguishmentOfDebt $-41.95M USD 2 Qtrs
Other OtherOperatingActivitiesCashFlowStatement $12.06M USD 2 Qtrs
Other OtherOperatingActivitiesCashFlowStatement $15.75M USD 2 Qtrs
(Increase)/decrease in operating assets IncreaseDecreaseInOperatingAssets $-925.00K USD 2 Qtrs
(Increase)/decrease in operating assets IncreaseDecreaseInOperatingAssets $-3.95M USD 2 Qtrs
Increase/(decrease) in operating liabilities IncreaseDecreaseInOperatingLiabilities $-2.15M USD 2 Qtrs
Increase/(decrease) in operating liabilities IncreaseDecreaseInOperatingLiabilities $-9.13M USD 2 Qtrs
Net cash provided by/(used in) operating activities NetCashProvidedByUsedInOperatingActivities $398.09M USD 2 Qtrs
Net cash provided by/(used in) operating activities NetCashProvidedByUsedInOperatingActivities $330.16M USD 2 Qtrs
Acquisition of real estate assets PaymentsToAcquireBuildings $295.30M USD 2 Qtrs
Acquisition of real estate assets PaymentsToAcquireBuildings $341.15M USD 2 Qtrs
Proceeds from sales of real estate investments, net ProceedsFromSaleOfRealEstateHeldforinvestment $154.86M USD 2 Qtrs
Development of real estate assets PaymentsToDevelopRealEstateAssets $74.52M USD 2 Qtrs
Development of real estate assets PaymentsToDevelopRealEstateAssets $118.97M USD 2 Qtrs
Capital expenditures and other major improvements - real estate assets PaymentsForCapitalImprovements $66.10M USD 2 Qtrs
Capital expenditures and other major improvements - real estate assets PaymentsForCapitalImprovements $74.69M USD 2 Qtrs
Capital expenditures - non-real estate assets PaymentsToAcquireFurnitureAndFixtures $7.15M USD 2 Qtrs
Capital expenditures - non-real estate assets PaymentsToAcquireFurnitureAndFixtures $12.37M USD 2 Qtrs
Investment in unconsolidated joint ventures and partnerships PaymentsToAcquireInterestInSubsidiariesAndAffiliates $53.71M USD 2 Qtrs
Investment in unconsolidated joint ventures and partnerships PaymentsToAcquireInterestInSubsidiariesAndAffiliates $91.87M USD 2 Qtrs
Distributions received from unconsolidated joint ventures and partnerships ProceedsFromEquityMethodInvestmentDistributionOrPartnershipsReturnOfCapital $75.71M USD 2 Qtrs
Distributions received from unconsolidated joint ventures and partnerships ProceedsFromEquityMethodInvestmentDistributionOrPartnershipsReturnOfCapital $33.34M USD 2 Qtrs
Purchase deposits on pending acquisitions PaymentsForDepositsOnPendingAcquisitions $-1.00M 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 $10.74M USD 2 Qtrs
Net cash provided by/(used in) investing activities NetCashProvidedByUsedInInvestingActivities $-314.74M USD 2 Qtrs
Net cash provided by/(used in) investing activities NetCashProvidedByUsedInInvestingActivities $-575.08M USD 2 Qtrs
Payments on secured debt RepaymentsOfSecuredDebt $565.00K USD 2 Qtrs
Payments on secured debt RepaymentsOfSecuredDebt $543.00K 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/(repayment) of commercial paper ProceedsFromRepaymentsOfCommercialPaper $105.00M USD 2 Qtrs
Net proceeds/(repayment) of commercial paper ProceedsFromRepaymentsOfCommercialPaper $280.00M USD 2 Qtrs
Net proceeds/(repayment) of revolving bank debt ProceedsFromRepaymentsOfLinesOfCredit $-706.00K USD 2 Qtrs
Net proceeds/(repayment) of revolving bank debt ProceedsFromRepaymentsOfLinesOfCredit $1.38M USD 2 Qtrs
Proceeds from the issuance of common shares through public offering, net ProceedsFromIssuanceOfCommonStock $350.27M USD 2 Qtrs
Distributions paid to redeemable noncontrolling interests PaymentsOfDividendsMinorityInterest $17.08M USD 2 Qtrs
Distributions paid to redeemable noncontrolling interests PaymentsOfDividendsMinorityInterest $16.90M USD 2 Qtrs
Distributions paid to preferred stockholders PaymentsOfDividendsPreferredStockAndPreferenceStock $2.11M USD 2 Qtrs
Distributions paid to preferred stockholders PaymentsOfDividendsPreferredStockAndPreferenceStock $2.17M USD 2 Qtrs
Distributions paid to common stockholders PaymentsOfDividendsCommonStock $236.40M 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 $-23.18M USD 2 Qtrs
Net cash provided by/(used in) financing activities NetCashProvidedByUsedInFinancingActivities $-3.52M USD 2 Qtrs
Net cash provided by/(used in) financing activities NetCashProvidedByUsedInFinancingActivities $177.27M USD 2 Qtrs
Net increase/(decrease) in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $271.00K USD 2 Qtrs
Net increase/(decrease) in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $11.90M USD 2 Qtrs
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 $28.69M USD Point-in-time
Cash, cash equivalents, and restricted cash, beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $28.42M 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 $36.07M USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $28.69M USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $28.42M 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 $71.89M USD 2 Qtrs
Interest paid during the period, net of amounts capitalized InterestPaidNet $71.01M 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 $663.00K 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
Redeemable long-term incentive plan units SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1 $44.37M USD 2 Qtrs
Redeemable long-term incentive plan units SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1 $14.58M USD 2 Qtrs
Development costs and capital expenditures incurred, but not yet paid CapitalExpendituresIncurredButNotYetPaid $48.62M 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 (142,984 shares in 2022 and 136,206 shares in 2021) ConversionOfStockAmountConverted1 $8.58M USD 2 Qtrs
Conversion of Operating Partnership and DownREIT Partnership noncontrolling interests to common stock (142,984 shares in 2022 and 136,206 shares in 2021) ConversionOfStockAmountConverted1 $5.34M USD 2 Qtrs
Distribution of equity securities from unconsolidated real estate technology investments DistributionOfEquitySecuritiesFromUnconsolidatedInvestments $13.11M USD 2 Qtrs
Dividends declared, but not yet paid DividendsPayableCurrentAndNoncurrent $124.73M USD Point-in-time
Dividends declared, but not yet paid DividendsPayableCurrentAndNoncurrent $132.79M USD Point-in-time
Dividends declared, but not yet paid DividendsPayableCurrentAndNoncurrent $116.69M USD Point-in-time
Stockholders Equity 53 line items
Line Item Tag Value Unit Period
Common stock distributions declared per share CommonStockDividendsPerShareDeclared $0.76 USD 2 Qtrs
Common stock distributions declared per share CommonStockDividendsPerShareDeclared $0.38 USD 1 Quarter
Common stock distributions declared per share CommonStockDividendsPerShareDeclared $0.36 USD 1 Quarter
Common stock distributions declared per share CommonStockDividendsPerShareDeclared $0.72 USD 2 Qtrs
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.26B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.81B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.87B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.02B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.47B USD Point-in-time
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $18.79M USD 2 Qtrs
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $5.08M USD 1 Quarter
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $11.72M USD 1 Quarter
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $14.82M USD 2 Qtrs
Net income/(loss) attributable to noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-8.00K USD 1 Quarter
Net income/(loss) attributable to noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-16.00K USD 2 Qtrs
Redemption of noncontrolling interests in consolidated real estate MinorityInterestDecreaseFromRedemptions $125.00K USD 2 Qtrs
Long Term Incentive Plan Unit grants/(vestings), net LongTermIncentivePlanUnitGrantsVestingsNet $-3.38M USD 2 Qtrs
Long Term Incentive Plan Unit grants/(vestings), net LongTermIncentivePlanUnitGrantsVestingsNet $-31.22M USD 2 Qtrs
Long Term Incentive Plan Unit grants/(vestings), net LongTermIncentivePlanUnitGrantsVestingsNet $6.22M USD 1 Quarter
Other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $843.00K USD 2 Qtrs
Other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $8.61M USD 2 Qtrs
Other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $313.00K USD 1 Quarter
Other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.54M USD 1 Quarter
Issuance/(forfeiture) of common and restricted shares, net StockIssuedDuringPeriodValueShareBasedCompensation $1.71M USD 1 Quarter
Issuance/(forfeiture) of common and restricted shares, net StockIssuedDuringPeriodValueShareBasedCompensation $1.82M USD 1 Quarter
Issuance/(forfeiture) of common and restricted shares, net StockIssuedDuringPeriodValueShareBasedCompensation $776.00K USD 2 Qtrs
Issuance/(forfeiture) of common and restricted shares, net StockIssuedDuringPeriodValueShareBasedCompensation $1.51M USD 2 Qtrs
Issuance of common shares through public offering, net StockIssuedDuringPeriodValueNewIssues $350.27M 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
Issuance of common shares through public offering, net StockIssuedDuringPeriodValueNewIssues $350.37M USD 1 Quarter
Adjustment for conversion of noncontrolling interest of unitholders in the Operating Partnership and DownREIT Partnership StockIssuedDuringPeriodValueConversionOfUnits $8.58M USD 2 Qtrs
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 $5.34M USD 2 Qtrs
Common stock distributions declared DividendsCommonStockCash $244.53M USD 2 Qtrs
Common stock distributions declared DividendsCommonStockCash $215.26M USD 2 Qtrs
Common stock distributions declared DividendsCommonStockCash $123.46M USD 1 Quarter
Common stock distributions declared DividendsCommonStockCash $107.61M USD 1 Quarter
Preferred stock distributions declared-Series E PreferredStockDividendsIncomeStatementImpact $2.11M USD 2 Qtrs
Preferred stock distributions declared-Series E PreferredStockDividendsIncomeStatementImpact $1.06M USD 1 Quarter
Preferred stock distributions declared-Series E PreferredStockDividendsIncomeStatementImpact $2.20M USD 2 Qtrs
Preferred stock distributions declared-Series E PreferredStockDividendsIncomeStatementImpact $1.11M USD 1 Quarter
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 $242.52M USD 1 Quarter
Adjustment to reflect redemption value of redeemable noncontrolling interests MinorityInterestChangeInRedemptionValue $286.26M USD 2 Qtrs
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.26B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.81B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.39B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.87B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.02B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.47B USD Point-in-time
Comprehensive Income 28 line items
Line Item Tag Value Unit Period
Net income/(loss) ProfitLoss $19.97M USD 2 Qtrs
Net income/(loss) ProfitLoss $15.81M USD 2 Qtrs
Net income/(loss) ProfitLoss $5.36M USD 1 Quarter
Net income/(loss) ProfitLoss $12.54M USD 1 Quarter
Unrealized holding gain/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $-94.00K USD 1 Quarter
Unrealized holding gain/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $8.94M USD 2 Qtrs
Unrealized holding gain/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $34.00K USD 2 Qtrs
Unrealized holding gain/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $1.75M USD 1 Quarter
(Gain)/loss reclassified into earnings from other comprehensive income/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $102.00K 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
(Gain)/loss reclassified into earnings from other comprehensive income/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-285.00K USD 2 Qtrs
Other comprehensive income/(loss), including portion attributable to noncontrolling interests OtherComprehensiveIncomeLossNetOfTax $907.00K USD 2 Qtrs
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 $9.23M USD 2 Qtrs
Other comprehensive income/(loss), including portion attributable to noncontrolling interests OtherComprehensiveIncomeLossNetOfTax $1.65M USD 1 Quarter
Comprehensive income/(loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $16.72M USD 2 Qtrs
Comprehensive income/(loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $29.19M USD 2 Qtrs
Comprehensive income/(loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $12.87M USD 1 Quarter
Comprehensive income/(loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $7.01M USD 1 Quarter
Comprehensive (income)/loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.05M USD 2 Qtrs
Comprehensive (income)/loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $386.00K USD 1 Quarter
Comprehensive (income)/loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $836.00K USD 1 Quarter
Comprehensive (income)/loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.80M USD 2 Qtrs
Comprehensive income/(loss) attributable to UDR, Inc. ComprehensiveIncomeNetOfTax $15.67M USD 2 Qtrs
Comprehensive income/(loss) attributable to UDR, Inc. ComprehensiveIncomeNetOfTax $27.39M USD 2 Qtrs
Comprehensive income/(loss) attributable to UDR, Inc. ComprehensiveIncomeNetOfTax $6.62M USD 1 Quarter
Comprehensive income/(loss) attributable to UDR, Inc. ComprehensiveIncomeNetOfTax $12.03M USD 1 Quarter

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

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