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10-Q Filing

UDR, INC. CIK: 74208 Q3 2022
Filing Information
Form Type 10-Q
Accession Number 0000074208-22-000068
Period End Date 20220930
Filing Date 20221027
Fiscal Year 2022
Fiscal Period Q3
XBRL Instance udr-20220930x10q_htm.xml
Balance Sheet 88 line items
Line Item Tag Value Unit Period
Real estate under development accumulated depreciation RealEstateUnderDevelopmentAccumulatedDepreciation $2.27M 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 $15.08B USD Point-in-time
Real estate held for disposition accumulated depreciation AccumulatedDepreciationOfRealEstateHeldForSale - USD Point-in-time
Real estate held for disposition accumulated depreciation AccumulatedDepreciationOfRealEstateHeldForSale $8.94M USD Point-in-time
Less: accumulated depreciation RealEstateInvestmentPropertyAccumulatedDepreciation $5.59B USD Point-in-time
Less: accumulated depreciation RealEstateInvestmentPropertyAccumulatedDepreciation $5.14B USD Point-in-time
Real estate held for investment, net RealEstateHeldForInvestmentNetExcludingRealEstateUnderDevelopmentOrHeldForDisposition $9.48B 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 $9.22B 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 under development (net of accumulated depreciation of $2,265 and $507, respectively) DevelopmentInProcess $366.20M USD Point-in-time
Real estate under development (net of accumulated depreciation of $2,265 and $507, respectively) DevelopmentInProcess $388.06M USD Point-in-time
Real estate held for disposition (net of accumulated depreciation of $8,944 and $0, respectively) RealEstateHeldForSaleNetofDepreciation $15.02M USD Point-in-time
Total real estate owned, net of accumulated depreciation RealEstateInvestmentPropertyNet $9.60B USD Point-in-time
Total real estate owned, net of accumulated depreciation RealEstateInvestmentPropertyNet $9.86B USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.06M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $967.00K USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.53M USD Point-in-time
Cash and cash equivalents CashAndCashEquivalentsAtCarryingValue $1.41M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $27.45M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $28.36M USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $22.76M USD Point-in-time
Common stock, par value CommonStockParOrStatedValuePerShare $0.01 USD Point-in-time
Restricted cash RestrictedCashAndCashEquivalents $28.17M USD Point-in-time
Notes receivable, net FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $26.86M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 450.00M shares Point-in-time
Notes receivable, net FinancingReceivableExcludingAccruedInterestAfterAllowanceForCreditLoss $40.13M USD Point-in-time
Common stock, shares authorized CommonStockSharesAuthorized 450.00M shares Point-in-time
Investment in and advances to unconsolidated joint ventures, net InvestmentsInAffiliatesSubsidiariesAssociatesAndJointVenturesFairValueDisclosure $702.46M 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 $761.12M USD Point-in-time
Common stock, shares issued CommonStockSharesIssued 326.35M shares Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $194.92M USD Point-in-time
Operating lease right-of-use assets OperatingLeaseRightOfUseAsset $197.46M USD Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 318.15M shares Point-in-time
Common stock, shares outstanding CommonStockSharesOutstanding 326.35M shares Point-in-time
Other assets OtherAssets $216.31M USD Point-in-time
Other assets OtherAssets $209.73M USD Point-in-time
Total assets Assets $11.10B USD Point-in-time
Total assets Assets $10.78B USD Point-in-time
Secured debt, net SecuredDebt $1.05B USD Point-in-time
Secured debt, net SecuredDebt $1.06B USD Point-in-time
Unsecured debt, net UnsecuredDebt $4.57B USD Point-in-time
Unsecured debt, net UnsecuredDebt $4.36B USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $192.49M USD Point-in-time
Operating lease liabilities OperatingLeaseLiability $190.06M USD Point-in-time
Real estate taxes payable AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent $61.21M USD Point-in-time
Real estate taxes payable AccrualForTaxesOtherThanIncomeTaxesCurrentAndNoncurrent $33.09M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $26.11M USD Point-in-time
Accrued interest payable InterestPayableCurrentAndNoncurrent $45.98M USD Point-in-time
Security deposits and prepaid rent AdvanceRent $53.69M USD Point-in-time
Security deposits and prepaid rent AdvanceRent $55.44M USD Point-in-time
Distributions payable DividendsPayableCurrentAndNoncurrent $120.83M USD Point-in-time
Distributions payable DividendsPayableCurrentAndNoncurrent $124.73M USD Point-in-time
Distributions payable DividendsPayableCurrentAndNoncurrent $133.34M 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 $135.90M USD Point-in-time
Total liabilities Liabilities $6.00B USD Point-in-time
Total liabilities Liabilities $6.23B 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 $920.31M USD Point-in-time
Common stock, $0.01 par value; 450,000,000 shares authorized at September 30, 2022 and December 31, 2021: 326,352,154 and 318,149,635 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively CommonStockValue $3.18M USD Point-in-time
Common stock, $0.01 par value; 450,000,000 shares authorized at September 30, 2022 and December 31, 2021: 326,352,154 and 318,149,635 shares issued and outstanding at September 30, 2022 and December 31, 2021, respectively CommonStockValue $3.26M USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $6.88B USD Point-in-time
Additional paid-in capital AdditionalPaidInCapital $7.33B USD Point-in-time
Distributions in excess of net income AccumulatedDistributionsInExcessOfNetIncome $3.44B 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 $8.78M USD Point-in-time
Total stockholders' equity StockholdersEquity $3.44B USD Point-in-time
Total stockholders' equity StockholdersEquity $3.95B 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 $3.47B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.81B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.26B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.95B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.12B USD Point-in-time
Total equity StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.87B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $11.10B USD Point-in-time
Total liabilities and equity LiabilitiesAndStockholdersEquity $10.78B USD Point-in-time
Income Statement 116 line items
Line Item Tag Value Unit Period
Rental income OperatingLeaseLeaseIncome $390.02M USD 1 Quarter
Rental income OperatingLeaseLeaseIncome $937.64M USD 3 Qtrs
Rental income OperatingLeaseLeaseIncome $1.11B USD 3 Qtrs
Rental income OperatingLeaseLeaseIncome $328.70M USD 1 Quarter
Joint venture management and other fees RevenueFromContractWithCustomerExcludingAssessedTax $4.92M USD 3 Qtrs
Joint venture management and other fees RevenueFromContractWithCustomerExcludingAssessedTax $1.07M USD 1 Quarter
Joint venture management and other fees RevenueFromContractWithCustomerExcludingAssessedTax $3.78M USD 3 Qtrs
Joint venture management and other fees RevenueFromContractWithCustomerExcludingAssessedTax $1.27M USD 1 Quarter
Total revenues Revenues $329.77M USD 1 Quarter
Total revenues Revenues $942.56M USD 3 Qtrs
Total revenues Revenues $1.12B USD 3 Qtrs
Total revenues Revenues $391.30M USD 1 Quarter
Property operating and maintenance DirectCostsOfLeasedAndRentedPropertyOrEquipment $160.42M USD 3 Qtrs
Property operating and maintenance DirectCostsOfLeasedAndRentedPropertyOrEquipment $57.71M USD 1 Quarter
Property operating and maintenance DirectCostsOfLeasedAndRentedPropertyOrEquipment $185.66M USD 3 Qtrs
Property operating and maintenance DirectCostsOfLeasedAndRentedPropertyOrEquipment $66.77M USD 1 Quarter
Real estate taxes and insurance RealEstateTaxesAndInsurance $58.24M USD 1 Quarter
Real estate taxes and insurance RealEstateTaxesAndInsurance $148.04M USD 3 Qtrs
Real estate taxes and insurance RealEstateTaxesAndInsurance $51.51M USD 1 Quarter
Real estate taxes and insurance RealEstateTaxesAndInsurance $164.79M USD 3 Qtrs
Property management PropertyManagementCostsOperating $28.13M USD 3 Qtrs
Property management PropertyManagementCostsOperating $9.86M USD 1 Quarter
Property management PropertyManagementCostsOperating $36.20M USD 3 Qtrs
Property management PropertyManagementCostsOperating $12.68M USD 1 Quarter
Other operating expenses OtherCostAndExpenseOperating $13.48M USD 3 Qtrs
Other operating expenses OtherCostAndExpenseOperating $3.75M USD 1 Quarter
Other operating expenses OtherCostAndExpenseOperating $4.24M USD 1 Quarter
Other operating expenses OtherCostAndExpenseOperating $13.04M USD 3 Qtrs
Real estate depreciation and amortization DepreciationNonproduction $166.78M USD 1 Quarter
Real estate depreciation and amortization DepreciationNonproduction $497.99M USD 3 Qtrs
Real estate depreciation and amortization DepreciationNonproduction $442.89M USD 3 Qtrs
Real estate depreciation and amortization DepreciationNonproduction $152.64M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $15.81M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $15.84M USD 1 Quarter
General and administrative GeneralAndAdministrativeExpense $43.67M USD 3 Qtrs
General and administrative GeneralAndAdministrativeExpense $47.33M USD 3 Qtrs
Casualty-related charges/(recoveries), net CasualtyRelatedRecoveriesChargesNet $1.21M USD 3 Qtrs
Casualty-related charges/(recoveries), net CasualtyRelatedRecoveriesChargesNet $901.00K USD 1 Quarter
Casualty-related charges/(recoveries), net CasualtyRelatedRecoveriesChargesNet $1.57M USD 1 Quarter
Casualty-related charges/(recoveries), net CasualtyRelatedRecoveriesChargesNet $4.68M USD 3 Qtrs
Other depreciation and amortization OtherDepreciationAndAmortization $9.52M USD 3 Qtrs
Other depreciation and amortization OtherDepreciationAndAmortization $8.47M USD 3 Qtrs
Other depreciation and amortization OtherDepreciationAndAmortization $3.43M USD 1 Quarter
Other depreciation and amortization OtherDepreciationAndAmortization $3.27M USD 1 Quarter
Total operating expenses CostsAndExpenses $328.38M USD 1 Quarter
Total operating expenses CostsAndExpenses $956.18M USD 3 Qtrs
Total operating expenses CostsAndExpenses $849.36M USD 3 Qtrs
Total operating expenses CostsAndExpenses $296.60M 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 3 Qtrs
Gain/(loss) on sale of real estate owned GainsLossesOnSalesOfInvestmentRealEstate - USD 1 Quarter
Gain/(loss) on sale of real estate owned GainsLossesOnSalesOfInvestmentRealEstate - USD 3 Qtrs
Operating income OperatingIncomeLoss $144.03M USD 3 Qtrs
Operating income OperatingIncomeLoss $62.92M USD 1 Quarter
Operating income OperatingIncomeLoss $33.17M USD 1 Quarter
Operating income OperatingIncomeLoss $161.54M USD 3 Qtrs
Income/(loss) from unconsolidated entities IncomeLossFromEquityMethodInvestments $10.00M USD 1 Quarter
Income/(loss) from unconsolidated entities IncomeLossFromEquityMethodInvestments $14.45M USD 1 Quarter
Income/(loss) from unconsolidated entities IncomeLossFromEquityMethodInvestments $29.12M USD 3 Qtrs
Income/(loss) from unconsolidated entities IncomeLossFromEquityMethodInvestments $4.19M USD 3 Qtrs
Interest expense InterestExpenseDebt $36.29M USD 1 Quarter
Interest expense InterestExpenseDebt $112.65M USD 3 Qtrs
Interest expense InterestExpenseDebt $149.85M USD 3 Qtrs
Interest expense InterestExpenseDebt $39.91M USD 1 Quarter
Interest income and other income/(expense), net OtherNonoperatingIncomeExpense $-6.93M USD 3 Qtrs
Interest income and other income/(expense), net OtherNonoperatingIncomeExpense $-7.50M USD 1 Quarter
Interest income and other income/(expense), net OtherNonoperatingIncomeExpense $8.24M USD 1 Quarter
Interest income and other income/(expense), net OtherNonoperatingIncomeExpense $12.83M USD 3 Qtrs
Income/(loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $19.57M USD 1 Quarter
Income/(loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $46.14M USD 3 Qtrs
Income/(loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $25.52M USD 1 Quarter
Income/(loss) before income taxes IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest $36.13M USD 3 Qtrs
Tax (provision)/benefit, net IncomeTaxExpenseBenefit $1.03M USD 3 Qtrs
Tax (provision)/benefit, net IncomeTaxExpenseBenefit $377.00K USD 1 Quarter
Tax (provision)/benefit, net IncomeTaxExpenseBenefit $1.28M USD 3 Qtrs
Tax (provision)/benefit, net IncomeTaxExpenseBenefit $529.00K USD 1 Quarter
Net income/(loss) ProfitLoss $45.11M USD 3 Qtrs
Net income/(loss) ProfitLoss $19.04M USD 1 Quarter
Net income/(loss) ProfitLoss $25.14M USD 1 Quarter
Net income/(loss) ProfitLoss $34.85M USD 3 Qtrs
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership NetIncomeLossAttributableToRedeemableNoncontrollingInterest $2.68M USD 3 Qtrs
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership NetIncomeLossAttributableToRedeemableNoncontrollingInterest $1.26M USD 1 Quarter
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership NetIncomeLossAttributableToRedeemableNoncontrollingInterest $1.53M USD 1 Quarter
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership NetIncomeLossAttributableToRedeemableNoncontrollingInterest $2.22M USD 3 Qtrs
Net (income)/loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $7.00K USD 1 Quarter
Net (income)/loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $34.00K USD 3 Qtrs
Net (income)/loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $73.00K USD 3 Qtrs
Net (income)/loss attributable to noncontrolling interests NetIncomeLossAttributableToNoncontrollingInterest $49.00K USD 1 Quarter
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $32.55M USD 3 Qtrs
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $17.73M USD 1 Quarter
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $42.39M USD 3 Qtrs
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $23.61M USD 1 Quarter
Distributions to preferred stockholders - Series E (Convertible) DividendsPreferredStock $1.11M USD 1 Quarter
Distributions to preferred stockholders - Series E (Convertible) DividendsPreferredStock $3.31M USD 3 Qtrs
Distributions to preferred stockholders - Series E (Convertible) DividendsPreferredStock $1.06M USD 1 Quarter
Distributions to preferred stockholders - Series E (Convertible) DividendsPreferredStock $3.17M USD 3 Qtrs
Net income/(loss) attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $22.50M USD 1 Quarter
Net income/(loss) attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $29.38M USD 3 Qtrs
Net income/(loss) attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $16.67M USD 1 Quarter
Net income/(loss) attributable to common stockholders NetIncomeLossAvailableToCommonStockholdersBasic $39.09M USD 3 Qtrs
Income/(loss) per weighted average common share - basic EarningsPerShareBasic $0.10 USD 3 Qtrs
Income/(loss) per weighted average common share - basic EarningsPerShareBasic $0.06 USD 1 Quarter
Income/(loss) per weighted average common share - basic EarningsPerShareBasic $0.12 USD 3 Qtrs
Income/(loss) per weighted average common share - basic EarningsPerShareBasic $0.07 USD 1 Quarter
Income/(loss) per weighted average common share - diluted EarningsPerShareDiluted $0.06 USD 1 Quarter
Income/(loss) per weighted average common share - diluted EarningsPerShareDiluted $0.10 USD 3 Qtrs
Income/(loss) per weighted average common share - diluted EarningsPerShareDiluted $0.07 USD 1 Quarter
Income/(loss) per weighted average common share - diluted EarningsPerShareDiluted $0.12 USD 3 Qtrs
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 297.00M shares 3 Qtrs
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 320.38M shares 3 Qtrs
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 297.83M shares 1 Quarter
Weighted average number of common shares outstanding - basic WeightedAverageNumberOfSharesOutstandingBasic 324.70M shares 1 Quarter
Weighted average number of common shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 301.16M shares 1 Quarter
Weighted average number of common shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 321.63M shares 3 Qtrs
Weighted average number of common shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 325.69M shares 1 Quarter
Weighted average number of common shares outstanding - diluted WeightedAverageNumberOfDilutedSharesOutstanding 298.05M shares 3 Qtrs
Cash Flow Statement 97 line items
Line Item Tag Value Unit Period
Net income/(loss) ProfitLoss $45.11M USD 3 Qtrs
Net income/(loss) ProfitLoss $19.04M USD 1 Quarter
Net income/(loss) ProfitLoss $25.14M USD 1 Quarter
Net income/(loss) ProfitLoss $34.85M USD 3 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $451.37M USD 3 Qtrs
Depreciation and amortization DepreciationDepletionAndAmortization $507.51M USD 3 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 3 Qtrs
(Gain)/loss on sale of real estate owned GainsLossesOnSalesOfInvestmentRealEstate - USD 1 Quarter
(Gain)/loss on sale of real estate owned GainsLossesOnSalesOfInvestmentRealEstate - USD 3 Qtrs
(Income)/loss from unconsolidated entities IncomeLossFromEquityMethodInvestments $10.00M USD 1 Quarter
(Income)/loss from unconsolidated entities IncomeLossFromEquityMethodInvestments $14.45M USD 1 Quarter
(Income)/loss from unconsolidated entities IncomeLossFromEquityMethodInvestments $29.12M USD 3 Qtrs
(Income)/loss from unconsolidated entities IncomeLossFromEquityMethodInvestments $4.19M USD 3 Qtrs
Return on investment in unconsolidated joint ventures and partnerships ReturnOnInvestmentInEquityMethodInvestments $19.40M USD 3 Qtrs
Return on investment in unconsolidated joint ventures and partnerships ReturnOnInvestmentInEquityMethodInvestments $17.43M USD 3 Qtrs
Amortization of share-based compensation ShareBasedCompensation $17.47M USD 3 Qtrs
Amortization of share-based compensation ShareBasedCompensation $20.46M USD 3 Qtrs
Loss on extinguishment of debt, net GainsLossesOnExtinguishmentOfDebt $-42.34M USD 3 Qtrs
Other OtherOperatingActivitiesCashFlowStatement $15.10M USD 3 Qtrs
Other OtherOperatingActivitiesCashFlowStatement $22.90M USD 3 Qtrs
(Increase)/decrease in operating assets IncreaseDecreaseInOperatingAssets $4.37M USD 3 Qtrs
(Increase)/decrease in operating assets IncreaseDecreaseInOperatingAssets $13.06M USD 3 Qtrs
Increase/(decrease) in operating liabilities IncreaseDecreaseInOperatingLiabilities $-2.21M USD 3 Qtrs
Increase/(decrease) in operating liabilities IncreaseDecreaseInOperatingLiabilities $-4.35M USD 3 Qtrs
Net cash provided by/(used in) operating activities NetCashProvidedByUsedInOperatingActivities $602.64M USD 3 Qtrs
Net cash provided by/(used in) operating activities NetCashProvidedByUsedInOperatingActivities $483.17M USD 3 Qtrs
Acquisition of real estate assets PaymentsToAcquireBuildings $341.15M USD 3 Qtrs
Acquisition of real estate assets PaymentsToAcquireBuildings $904.43M USD 3 Qtrs
Proceeds from sales of real estate investments, net ProceedsFromSaleOfRealEstateHeldforinvestment $154.86M USD 3 Qtrs
Development of real estate assets PaymentsToDevelopRealEstateAssets $159.46M USD 3 Qtrs
Development of real estate assets PaymentsToDevelopRealEstateAssets $119.25M USD 3 Qtrs
Capital expenditures and other major improvements - real estate assets PaymentsForCapitalImprovements $144.67M USD 3 Qtrs
Capital expenditures and other major improvements - real estate assets PaymentsForCapitalImprovements $112.00M USD 3 Qtrs
Capital expenditures - non-real estate assets PaymentsToAcquireFurnitureAndFixtures $12.63M USD 3 Qtrs
Capital expenditures - non-real estate assets PaymentsToAcquireFurnitureAndFixtures $10.09M USD 3 Qtrs
Investment in unconsolidated joint ventures and partnerships PaymentsToAcquireInterestInSubsidiariesAndAffiliates $67.67M USD 3 Qtrs
Investment in unconsolidated joint ventures and partnerships PaymentsToAcquireInterestInSubsidiariesAndAffiliates $199.06M USD 3 Qtrs
Distributions received from unconsolidated joint ventures and partnerships ProceedsFromEquityMethodInvestmentDistributionOrPartnershipsReturnOfCapital $77.84M USD 3 Qtrs
Distributions received from unconsolidated joint ventures and partnerships ProceedsFromEquityMethodInvestmentDistributionOrPartnershipsReturnOfCapital $34.49M USD 3 Qtrs
Purchase deposits on pending acquisitions PaymentsForDepositsOnPendingAcquisitions $-10.00M USD 3 Qtrs
Purchase deposits on pending acquisitions PaymentsForDepositsOnPendingAcquisitions $1.00M USD 3 Qtrs
Repayment/(issuance) of notes receivable, net PaymentsForProceedsFromLoansReceivable $-112.81M USD 3 Qtrs
Repayment/(issuance) of notes receivable, net PaymentsForProceedsFromLoansReceivable $60.53M USD 3 Qtrs
Net cash provided by/(used in) investing activities NetCashProvidedByUsedInInvestingActivities $-921.27M USD 3 Qtrs
Net cash provided by/(used in) investing activities NetCashProvidedByUsedInInvestingActivities $-838.66M USD 3 Qtrs
Payments on secured debt RepaymentsOfSecuredDebt $818.00K USD 3 Qtrs
Payments on secured debt RepaymentsOfSecuredDebt $852.00K USD 3 Qtrs
Payments on unsecured debt RepaymentsOfUnsecuredDebt $300.00M USD 3 Qtrs
Net proceeds from the issuance of unsecured debt ProceedsFromIssuanceOfUnsecuredDebt $511.55M USD 3 Qtrs
Net proceeds/(repayment) of commercial paper ProceedsFromRepaymentsOfCommercialPaper $205.00M USD 3 Qtrs
Net proceeds/(repayment) of commercial paper ProceedsFromRepaymentsOfCommercialPaper $125.00M USD 3 Qtrs
Net proceeds/(repayment) of revolving bank debt ProceedsFromRepaymentsOfLinesOfCredit $15.06M USD 3 Qtrs
Net proceeds/(repayment) of revolving bank debt ProceedsFromRepaymentsOfLinesOfCredit $11.64M USD 3 Qtrs
Proceeds from the issuance of common shares through public offering, net ProceedsFromIssuanceOfCommonStock $499.34M USD 3 Qtrs
Proceeds from the issuance of common shares through public offering, net ProceedsFromIssuanceOfCommonStock $449.94M USD 3 Qtrs
Repurchase of common shares PaymentsForRepurchaseOfCommonStock $15.15M USD 3 Qtrs
Distributions paid to redeemable noncontrolling interests PaymentsOfDividendsMinorityInterest $25.27M USD 3 Qtrs
Distributions paid to redeemable noncontrolling interests PaymentsOfDividendsMinorityInterest $25.67M USD 3 Qtrs
Distributions paid to preferred stockholders PaymentsOfDividendsPreferredStockAndPreferenceStock $3.16M USD 3 Qtrs
Distributions paid to preferred stockholders PaymentsOfDividendsPreferredStockAndPreferenceStock $3.27M USD 3 Qtrs
Distributions paid to common stockholders PaymentsOfDividendsCommonStock $359.86M USD 3 Qtrs
Distributions paid to common stockholders PaymentsOfDividendsCommonStock $322.04M USD 3 Qtrs
Payment of prepayment and extinguishment costs PaymentsOfDebtExtinguishmentCosts $40.77M USD 3 Qtrs
Other ProceedsFromPaymentsForOtherFinancingActivities $-24.28M USD 3 Qtrs
Other ProceedsFromPaymentsForOtherFinancingActivities $-15.72M USD 3 Qtrs
Net cash provided by/(used in) financing activities NetCashProvidedByUsedInFinancingActivities $237.50M USD 3 Qtrs
Net cash provided by/(used in) financing activities NetCashProvidedByUsedInFinancingActivities $443.17M USD 3 Qtrs
Net increase/(decrease) in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $1.48M USD 3 Qtrs
Net increase/(decrease) in cash, cash equivalents, and restricted cash CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect $5.06M USD 3 Qtrs
Cash, cash equivalents, and restricted cash, beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $29.23M 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, beginning of year CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $29.89M 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, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $29.23M USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $24.17M USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $29.89M USD Point-in-time
Cash, cash equivalents, and restricted cash, end of period CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents $28.42M USD Point-in-time
Interest paid during the period, net of amounts capitalized InterestPaidNet $131.59M USD 3 Qtrs
Interest paid during the period, net of amounts capitalized InterestPaidNet $126.21M USD 3 Qtrs
Operating cash flows from operating leases ProceedsFromLeasePayments $9.38M USD 3 Qtrs
Operating cash flows from operating leases ProceedsFromLeasePayments $9.38M USD 3 Qtrs
Cash paid/(refunds received) for income taxes IncomeTaxesPaidNet $3.91M USD 3 Qtrs
Cash paid/(refunds received) for income taxes IncomeTaxesPaidNet $1.01M USD 3 Qtrs
Secured debt assumed upon acquisition of real estate assets NoncashOrPartNoncashAcquisitionDebtAssumed1 $201.30M USD 3 Qtrs
Acquisition of land parcel pursuant to a deed in lieu of foreclosure EscrowDepositDisbursementsRelatedToPropertyAcquisition1 $25.00M USD 3 Qtrs
Cancellation of secured note receivable pursuant to a deed in lieu of foreclosure CancellationOfSecuredNoteReceivableRelatedToForeclosure $24.87M USD 3 Qtrs
Redeemable long-term and short-term incentive plan units SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1 $14.58M USD 3 Qtrs
Redeemable long-term and short-term incentive plan units SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedInPeriodFairValue1 $50.08M USD 3 Qtrs
Development costs and capital expenditures incurred, but not yet paid CapitalExpendituresIncurredButNotYetPaid $37.06M USD 3 Qtrs
Development costs and capital expenditures incurred, but not yet paid CapitalExpendituresIncurredButNotYetPaid $47.86M USD 3 Qtrs
Conversion of Operating Partnership and DownREIT Partnership noncontrolling interests to common stock (172,755 shares in 2022 and 168,953 shares in 2021) ConversionOfStockAmountConverted1 $10.14M USD 3 Qtrs
Conversion of Operating Partnership and DownREIT Partnership noncontrolling interests to common stock (172,755 shares in 2022 and 168,953 shares in 2021) ConversionOfStockAmountConverted1 $6.94M USD 3 Qtrs
Distribution of equity securities from unconsolidated real estate technology investments DistributionOfEquitySecuritiesFromUnconsolidatedInvestments $16.33M USD 3 Qtrs
Dividends declared, but not yet paid DividendsPayableCurrentAndNoncurrent $120.83M USD Point-in-time
Dividends declared, but not yet paid DividendsPayableCurrentAndNoncurrent $124.73M USD Point-in-time
Dividends declared, but not yet paid DividendsPayableCurrentAndNoncurrent $133.34M USD Point-in-time
Stockholders Equity 56 line items
Line Item Tag Value Unit Period
Common stock distributions declared per share CommonStockDividendsPerShareDeclared $1.14 USD 3 Qtrs
Common stock distributions declared per share CommonStockDividendsPerShareDeclared $0.36 USD 1 Quarter
Common stock distributions declared per share CommonStockDividendsPerShareDeclared $1.09 USD 3 Qtrs
Common stock distributions declared per share CommonStockDividendsPerShareDeclared $0.38 USD 1 Quarter
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.47B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.81B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.26B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.95B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.12B USD Point-in-time
Beginning Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.87B USD Point-in-time
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $32.55M USD 3 Qtrs
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $17.73M USD 1 Quarter
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $42.39M USD 3 Qtrs
Net income/(loss) attributable to UDR, Inc. NetIncomeLoss $23.61M USD 1 Quarter
Net income/(loss) attributable to noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-57.00K USD 3 Qtrs
Net income/(loss) attributable to noncontrolling interests NetIncomeLossAttributableToNonredeemableNoncontrollingInterest $-41.00K USD 1 Quarter
Redemption of noncontrolling interests in consolidated real estate MinorityInterestDecreaseFromRedemptions $125.00K USD 3 Qtrs
Long Term Incentive Plan Unit grants/(vestings), net LongTermIncentivePlanUnitGrantsVestingsNet $2.53M USD 3 Qtrs
Long Term Incentive Plan Unit grants/(vestings), net LongTermIncentivePlanUnitGrantsVestingsNet $5.91M USD 1 Quarter
Long Term Incentive Plan Unit grants/(vestings), net LongTermIncentivePlanUnitGrantsVestingsNet $-31.22M USD 3 Qtrs
Other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $1.70M USD 1 Quarter
Other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $4.43M USD 1 Quarter
Other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $2.54M USD 3 Qtrs
Other comprehensive income/(loss) OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $13.04M USD 3 Qtrs
Issuance/(forfeiture) of common and restricted shares, net StockIssuedDuringPeriodValueShareBasedCompensation $2.86M USD 3 Qtrs
Issuance/(forfeiture) of common and restricted shares, net StockIssuedDuringPeriodValueShareBasedCompensation $3.00M USD 3 Qtrs
Issuance/(forfeiture) of common and restricted shares, net StockIssuedDuringPeriodValueShareBasedCompensation $1.49M USD 1 Quarter
Issuance/(forfeiture) of common and restricted shares, net StockIssuedDuringPeriodValueShareBasedCompensation $2.08M USD 1 Quarter
Issuance of common shares through public offering, net StockIssuedDuringPeriodValueNewIssues $99.68M USD 1 Quarter
Issuance of common shares through public offering, net StockIssuedDuringPeriodValueNewIssues $449.94M USD 3 Qtrs
Issuance of common shares through public offering, net StockIssuedDuringPeriodValueNewIssues $499.73M USD 1 Quarter
Issuance of common shares through public offering, net StockIssuedDuringPeriodValueNewIssues $499.34M USD 3 Qtrs
Adjustment for conversion of noncontrolling interest of unitholders in the Operating Partnership and DownREIT Partnership StockIssuedDuringPeriodValueConversionOfUnits $1.60M USD 1 Quarter
Adjustment for conversion of noncontrolling interest of unitholders in the Operating Partnership and DownREIT Partnership StockIssuedDuringPeriodValueConversionOfUnits $6.94M USD 3 Qtrs
Adjustment for conversion of noncontrolling interest of unitholders in the Operating Partnership and DownREIT Partnership StockIssuedDuringPeriodValueConversionOfUnits $1.56M USD 1 Quarter
Adjustment for conversion of noncontrolling interest of unitholders in the Operating Partnership and DownREIT Partnership StockIssuedDuringPeriodValueConversionOfUnits $10.14M USD 3 Qtrs
Common stock distributions declared DividendsCommonStockCash $327.01M USD 3 Qtrs
Common stock distributions declared DividendsCommonStockCash $368.55M USD 3 Qtrs
Common stock distributions declared DividendsCommonStockCash $124.02M USD 1 Quarter
Common stock distributions declared DividendsCommonStockCash $111.75M USD 1 Quarter
Repurchase of common shares StockRepurchasedDuringPeriodValue $15.15M USD 1 Quarter
Repurchase of common shares StockRepurchasedDuringPeriodValue $15.15M USD 3 Qtrs
Preferred stock distributions declared-Series E PreferredStockDividendsIncomeStatementImpact $3.31M USD 3 Qtrs
Preferred stock distributions declared-Series E PreferredStockDividendsIncomeStatementImpact $3.17M USD 3 Qtrs
Preferred stock distributions declared-Series E PreferredStockDividendsIncomeStatementImpact $1.11M USD 1 Quarter
Preferred stock distributions declared-Series E PreferredStockDividendsIncomeStatementImpact $1.06M USD 1 Quarter
Adjustment to reflect redemption value of redeemable noncontrolling interests MinorityInterestChangeInRedemptionValue $-97.03M USD 1 Quarter
Adjustment to reflect redemption value of redeemable noncontrolling interests MinorityInterestChangeInRedemptionValue $376.51M USD 3 Qtrs
Adjustment to reflect redemption value of redeemable noncontrolling interests MinorityInterestChangeInRedemptionValue $90.25M USD 1 Quarter
Adjustment to reflect redemption value of redeemable noncontrolling interests MinorityInterestChangeInRedemptionValue $-351.71M USD 3 Qtrs
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.47B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $2.81B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.26B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.95B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.12B USD Point-in-time
Ending Balance StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest $3.87B USD Point-in-time
Comprehensive Income 28 line items
Line Item Tag Value Unit Period
Net income/(loss) ProfitLoss $45.11M USD 3 Qtrs
Net income/(loss) ProfitLoss $19.04M USD 1 Quarter
Net income/(loss) ProfitLoss $25.14M USD 1 Quarter
Net income/(loss) ProfitLoss $34.85M USD 3 Qtrs
Unrealized holding gain/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $13.99M USD 3 Qtrs
Unrealized holding gain/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $1.39M USD 1 Quarter
Unrealized holding gain/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $5.05M USD 1 Quarter
Unrealized holding gain/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossBeforeReclassificationAfterTax $1.42M USD 3 Qtrs
(Gain)/loss reclassified into earnings from other comprehensive income/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-1.31M USD 3 Qtrs
(Gain)/loss reclassified into earnings from other comprehensive income/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $313.00K USD 1 Quarter
(Gain)/loss reclassified into earnings from other comprehensive income/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $28.00K USD 3 Qtrs
(Gain)/loss reclassified into earnings from other comprehensive income/(loss) OtherComprehensiveIncomeLossCashFlowHedgeGainLossReclassificationAfterTax $-441.00K USD 1 Quarter
Other comprehensive income/(loss), including portion attributable to noncontrolling interests OtherComprehensiveIncomeLossNetOfTax $13.96M USD 3 Qtrs
Other comprehensive income/(loss), including portion attributable to noncontrolling interests OtherComprehensiveIncomeLossNetOfTax $4.74M USD 1 Quarter
Other comprehensive income/(loss), including portion attributable to noncontrolling interests OtherComprehensiveIncomeLossNetOfTax $1.83M USD 1 Quarter
Other comprehensive income/(loss), including portion attributable to noncontrolling interests OtherComprehensiveIncomeLossNetOfTax $2.74M USD 3 Qtrs
Comprehensive income/(loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $59.07M USD 3 Qtrs
Comprehensive income/(loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $37.59M USD 3 Qtrs
Comprehensive income/(loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $29.88M USD 1 Quarter
Comprehensive income/(loss) ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest $20.87M USD 1 Quarter
Comprehensive (income)/loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $2.49M USD 3 Qtrs
Comprehensive (income)/loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.44M USD 1 Quarter
Comprehensive (income)/loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $1.84M USD 1 Quarter
Comprehensive (income)/loss attributable to noncontrolling interests ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest $3.64M USD 3 Qtrs
Comprehensive income/(loss) attributable to UDR, Inc. ComprehensiveIncomeNetOfTax $35.10M USD 3 Qtrs
Comprehensive income/(loss) attributable to UDR, Inc. ComprehensiveIncomeNetOfTax $19.43M USD 1 Quarter
Comprehensive income/(loss) attributable to UDR, Inc. ComprehensiveIncomeNetOfTax $55.43M USD 3 Qtrs
Comprehensive income/(loss) attributable to UDR, Inc. ComprehensiveIncomeNetOfTax $28.04M USD 1 Quarter

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

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