v3.24.2
REPORTABLE SEGMENTS (Details)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Jun. 30, 2024
USD ($)
segment
home
Jun. 30, 2023
USD ($)
home
Dec. 31, 2023
USD ($)
Dec. 31, 2022
USD ($)
Segments            
Same store communities | home     52,545 51,804    
Reportable Segments            
Management fee (as a percent)     3.25%      
Number of reportable segments | segment     2      
Condition for Community considered to have stabilized occupancy     90%      
Time to maintain percent occupancy to be considered a community     3 months      
Practical expedient, single lease component     true      
Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to loss from continuing operations            
Rental income $ 413,328 $ 403,098 $ 824,997 $ 801,405    
Reconciling items:            
Joint venture management and other fees $ 1,992 $ 1,450 $ 3,957 $ 2,692    
Type of revenue udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember udr:ManagementAndOtherFeesMember    
Property management $ (13,433) $ (13,101) $ (26,812) $ (26,046)    
Other operating expenses (7,593) (4,259) (14,421) (7,291)    
Real estate depreciation and amortization (170,488) (168,925) (340,346) (338,225)    
General and administrative (20,136) (16,452) (37,946) (33,932)    
Casualty-related (charges)/recoveries, net (998) (1,134) (7,276) (5,290)    
Other depreciation and amortization (4,679) (3,681) (8,995) (7,330)    
Gain/(loss) on sale of real estate owned   325,884 16,867 325,885    
Income/(loss) from unconsolidated entities 4,046 9,697 13,131 19,404    
Interest expense (47,811) (45,113) (95,873) (88,855)    
Interest income and other income/(expense), net 6,498 10,447 12,363 11,457    
Tax (provision)/benefit, net (386) (1,351) (723) (1,585)    
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    
Reportable apartment home segment assets:            
Total segment assets 16,070,591   16,070,591   $ 16,023,859  
Accumulated depreciation (6,572,743)   (6,572,743)   (6,267,830)  
Total real estate owned, net of accumulated depreciation 9,497,848   9,497,848   9,756,029  
Reconciling items:            
Cash and cash equivalents 2,770 1,544 2,770 1,544 2,922 $ 1,193
Restricted cash 31,616 28,837 31,616 28,837 31,944 $ 29,001
Notes receivable, net 241,842   241,842   228,825  
Investment in and advances to unconsolidated joint ventures, net 958,943   958,943   952,934  
Operating lease right-of-use assets 188,828   188,828   190,619  
Other assets 195,958   195,958   209,969  
Total consolidated assets 11,117,805   11,117,805   11,373,242  
Total Communities            
Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to loss from continuing operations            
Lease revenue 399,696 390,631 798,874 777,648    
Other revenue 13,632 12,467 26,123 23,757    
Rental income 413,328 403,098 824,997 801,405    
Reportable apartment home segment NOI 284,001 276,721 563,397 552,224    
Same Communities | Same Store Communities Western Region            
Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to loss from continuing operations            
Lease revenue 119,226 116,123 236,155 229,282    
Other revenue 2,858 2,864 5,814 5,631    
Rental income 122,084 118,987 241,969 234,913    
Reportable apartment home segment NOI 90,603 88,228 179,604 176,028    
Reportable apartment home segment assets:            
Total segment assets 4,480,088   4,480,088   4,452,491  
Same Communities | Same Store Communities Mid-Atlantic Region            
Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to loss from continuing operations            
Lease revenue 77,254 74,801 154,065 148,922    
Other revenue 3,350 2,838 6,474 5,309    
Rental income 80,604 77,639 160,539 154,231    
Reportable apartment home segment NOI 55,222 53,109 109,927 106,550    
Reportable apartment home segment assets:            
Total segment assets 3,227,486   3,227,486   3,205,036  
Same Communities | Same Store Communities Northeast Region            
Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to loss from continuing operations            
Lease revenue 81,981 79,282 160,874 155,279    
Other revenue 2,250 2,065 3,934 3,758    
Rental income 84,231 81,347 164,808 159,037    
Reportable apartment home segment NOI 55,605 54,262 107,299 105,776    
Reportable apartment home segment assets:            
Total segment assets 3,979,372   3,979,372   3,957,210  
Same Communities | Same Store Communities Southeastern Region            
Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to loss from continuing operations            
Lease revenue 56,933 56,775 113,716 112,573    
Other revenue 2,715 2,325 5,128 4,457    
Rental income 59,648 59,100 118,844 117,030    
Reportable apartment home segment NOI 40,817 40,559 81,090 80,345    
Reportable apartment home segment assets:            
Total segment assets 1,611,950   1,611,950   1,589,605  
Same Communities | Same Store Communities Southwestern Region            
Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to loss from continuing operations            
Lease revenue 39,757 39,792 75,339 75,445    
Other revenue 1,838 1,670 3,325 2,982    
Rental income 41,595 41,462 78,664 78,427    
Reportable apartment home segment NOI 26,222 26,945 49,770 50,042    
Reportable apartment home segment assets:            
Total segment assets 1,412,477   1,412,477   1,403,971  
Non-Mature communities/Other            
Summary of rental income and NOI for UDRs reportable segments and reconciliation of NOI to loss from continuing operations            
Lease revenue 24,545 23,858 58,725 56,147    
Other revenue 621 705 1,448 1,620    
Rental income 25,166 24,563 60,173 57,767    
Reportable apartment home segment NOI 15,532 $ 13,618 35,707 $ 33,483    
Reportable apartment home segment assets:            
Total segment assets $ 1,359,218   $ 1,359,218   $ 1,415,546