v3.24.2
INCOME/(LOSS) PER SHARE (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Jul. 31, 2021
Antidilutive securities            
Net income/(loss) $ 31,013 $ 370,183 $ 77,323 $ 403,108    
Net (income)/loss attributable to redeemable noncontrolling interests in the Operating Partnership and DownREIT Partnership (2,013) (22,630) (5,162) (24,583)    
Net (income)/loss attributable to noncontrolling interests (117) (8) (129) (16)    
Net income/(loss) attributable to UDR, Inc. 28,883 347,545 72,032 378,509    
Distributions to preferred stockholders - Series E (Convertible) (1,210) (1,222) (2,441) (2,405)    
Net income/(loss) attributable to common stockholders 27,673 346,323 69,591 376,104    
Dilutive distributions to preferred stockholders - Series E (Convertible)   1,222   2,405    
Income/(loss) attributable to common stockholders - diluted $ 27,673 $ 347,545 $ 69,591 $ 378,509    
Denominator for income/(loss) per share:            
Weighted average common shares outstanding 329,428,000 329,324,000 329,336,000 329,242,000    
Unvested restricted stock awards (372,000) (367,000) (396,000) (371,000)    
Denominator for basic income/(loss) per share 329,056,000 328,957,000 328,940,000 328,871,000    
Incremental shares issuable from assumed conversion of unvested LTIP Units, conversion of Series E preferred stock, performance units and unvested restricted stock 516,000 3,523,000 394,000 3,541,000    
Denominator for diluted income/(loss) per share 329,572,000 332,480,000 329,334,000 332,412,000    
Income/(loss) per weighted average common share - basic $ 0.08 $ 1.05 $ 0.21 $ 1.14    
Income/(loss) per weighted average common share - diluted $ 0.08 $ 1.05 $ 0.21 $ 1.14    
Number of shares authorized 450,000,000   450,000,000   450,000,000  
OP/DownREIT Units            
Denominator for income/(loss) per share:            
Antidilutive securities 24,324,000 21,250,000 24,371,000 21,286,000    
Convertible Preferred Stock            
Denominator for income/(loss) per share:            
Antidilutive securities 2,851,000 2,908,000 2,879,000 2,908,000    
Unvested LTIP Units, performance units, and unvested restricted stock            
Denominator for income/(loss) per share:            
Antidilutive securities 516,000 615,000 394,000 633,000    
ATM            
Denominator for income/(loss) per share:            
Number of shares authorized           20,000,000.0
Shares of common stock available for future issuance 14,000,000.0   14,000,000.0