2012 Q2 Form 10-Q Financial Statement

#000007420812000007 Filed on August 01, 2012

View on sec.gov

Income Statement

Concept 2012 Q2 2011 Q2
Revenue $180.2M $153.5M
YoY Change 17.4% 7.56%
Cost Of Revenue $62.00M $53.30M
YoY Change 16.32% 0.38%
Gross Profit $118.2M $100.2M
YoY Change 17.96% 11.71%
Gross Profit Margin 65.6% 65.28%
Selling, General & Admin $13.70M $9.900M
YoY Change 38.38% -3.88%
% of Gross Profit 11.59% 9.88%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $85.50M $92.10M
YoY Change -7.17% 22.64%
% of Gross Profit 72.34% 91.92%
Operating Expenses $100.7M $92.30M
YoY Change 9.1% 14.66%
Operating Profit $17.51M -$32.78M
YoY Change -153.4% -456.33%
Interest Expense $41.54M -$37.60M
YoY Change -210.48% 6.52%
% of Operating Profit 237.29%
Other Income/Expense, Net -$1.300M
YoY Change 8.33%
Pretax Income -$25.94M -$34.00M
YoY Change -23.7% 19.72%
Income Tax -$2.800M $100.0K
% Of Pretax Income
Net Earnings $150.4M $14.65M
YoY Change 926.22% -155.08%
Net Earnings / Revenue 83.44% 9.55%
Basic Earnings Per Share $0.62
Diluted Earnings Per Share $0.62 $84.14K
COMMON SHARES
Basic Shares Outstanding 234.0M shares 190.5M shares
Diluted Shares Outstanding 234.0M shares

Balance Sheet

Concept 2012 Q2 2011 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $184.1M $21.60M
YoY Change 752.31% 166.67%
Cash & Equivalents $184.1M $21.63M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $184.1M $21.60M
YoY Change 752.31% 166.67%
LONG-TERM ASSETS
Property, Plant & Equipment $5.992B $5.573B
YoY Change 7.52% 13.36%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $580.1M $177.4M
YoY Change 227.0% 220.22%
Other Assets $53.20M $45.00M
YoY Change 18.22% 27.48%
Total Long-Term Assets $6.789B $5.940B
YoY Change 14.28% 17.13%
TOTAL ASSETS
Total Short-Term Assets $184.1M $21.60M
Total Long-Term Assets $6.789B $5.940B
Total Assets $6.973B $5.962B
YoY Change 16.95% 17.37%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $102.8M $104.2M
YoY Change -1.34% 74.83%
Accrued Expenses $31.20M $23.30M
YoY Change 33.91% 16.5%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $239.9M $215.2M
YoY Change 11.48% 41.58%
LONG-TERM LIABILITIES
Long-Term Debt $3.345B $3.700B
YoY Change -9.58% 8.44%
Other Long-Term Liabilities $29.40M $29.00M
YoY Change 1.38% 0.69%
Total Long-Term Liabilities $3.375B $3.729B
YoY Change -9.5% 8.37%
TOTAL LIABILITIES
Total Short-Term Liabilities $239.9M $215.2M
Total Long-Term Liabilities $3.375B $3.729B
Total Liabilities $3.614B $4.135B
YoY Change -12.59% 11.46%
SHAREHOLDERS EQUITY
Retained Earnings
YoY Change
Common Stock $2.502M
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $3.110B $1.827B
YoY Change
Total Liabilities & Shareholders Equity $6.973B $5.962B
YoY Change 16.95% 17.37%

Cashflow Statement

Concept 2012 Q2 2011 Q2
OPERATING ACTIVITIES
Net Income $150.4M $14.65M
YoY Change 926.22% -155.08%
Depreciation, Depletion And Amortization $85.50M $92.10M
YoY Change -7.17% 22.64%
Cash From Operating Activities $81.70M $67.10M
YoY Change 21.76% 11.28%
INVESTING ACTIVITIES
Capital Expenditures -$103.9M -$182.7M
YoY Change -43.13% 207.58%
Acquisitions
YoY Change
Other Investing Activities $403.7M -$26.50M
YoY Change -1623.4% 400.0%
Cash From Investing Activities $299.9M -$209.2M
YoY Change -243.36% 222.84%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -201.0M 152.0M
YoY Change -232.24% -2182.19%
NET CHANGE
Cash From Operating Activities 81.70M 67.10M
Cash From Investing Activities 299.9M -209.2M
Cash From Financing Activities -201.0M 152.0M
Net Change In Cash 180.6M 9.900M
YoY Change 1724.24% -183.9%
FREE CASH FLOW
Cash From Operating Activities $81.70M $67.10M
Capital Expenditures -$103.9M -$182.7M
Free Cash Flow $185.6M $249.8M
YoY Change -25.7% 108.69%

Facts In Submission

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0.29
us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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1.16
CY2012Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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0.77
CY2011Q2 us-gaap Income Loss From Discontinued Operations Net Of Tax Per Basic And Diluted Share
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0.26
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us-gaap Income Loss From Equity Method Investments
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CY2011Q2 us-gaap Income Loss From Equity Method Investments
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us-gaap Income Loss From Equity Method Investments
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CY2012Q2 us-gaap Income Tax Examination Likelihood Of Unfavorable Settlement
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not (greater than 50 percent probability)
CY2012Q2 us-gaap Income Tax Examination Penalties And Interest Accrued
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CY2012Q2 us-gaap Income Tax Examination Year S Under Examination
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2008 - 2011
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us-gaap Income Tax Expense Benefit
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CY2011Q2 us-gaap Income Tax Expense Benefit Continuing Operations
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0 USD
us-gaap Income Tax Expense Benefit Continuing Operations
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0 USD
us-gaap Income Tax Expense Benefit Continuing Operations
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CY2012Q2 us-gaap Income Tax Expense Benefit Continuing Operations
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us-gaap Increase Decrease In Operating Assets
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us-gaap Increase Decrease In Operating Liabilities
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CY2012Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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CY2011Q2 us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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us-gaap Incremental Common Shares Attributable To Share Based Payment Arrangements
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1305000 shares
CY2012Q2 us-gaap Ineffectiveness On Interest Rate Fair Value Hedges Is Immaterial
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less than a  $1,000
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us-gaap Interest Costs Incurred Capitalized
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us-gaap Interest Costs Incurred Capitalized
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us-gaap Interest Expense Debt
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7000000 USD
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213040000 USD
CY2012Q2 us-gaap Investments In Affiliates Subsidiaries Associates And Joint Ventures
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580098000 USD
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13660000 USD
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12531000 USD
us-gaap Labor And Related Expense
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27169000 USD
us-gaap Labor And Related Expense
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Land
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Land
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us-gaap Management Fees Revenue
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CY2011Q2 us-gaap Management Fees Revenue
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2500000 USD
us-gaap Management Fees Revenue
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CY2012Q2 us-gaap Minority Interest In Net Income Loss Other Minority Interests
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43000 USD
us-gaap Minority Interest In Net Income Loss Other Minority Interests
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88000 USD
us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Net Cash Provided By Used In Investing Activities
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77696000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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148104000 USD
us-gaap Net Cash Provided By Used In Operating Activities
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CY2011Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2012Q2 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
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95000 USD
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43000 USD
CY2011Q2 us-gaap Net Income Loss Attributable To Noncontrolling Interest
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CY2012Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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9331000 USD
us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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CY2011Q2 us-gaap Net Income Loss Attributable To Redeemable Noncontrolling Interest
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221000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2012Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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145721000 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
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CY2011Q2 us-gaap Net Income Loss Available To Common Stockholders Basic
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us-gaap Noncash Or Part Noncash Acquisition Debt Assumed1
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247805000 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
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0 USD
us-gaap Noncash Or Part Noncash Acquisition Value Of Assets Acquired1
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268853000 USD
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us-gaap Operating Income Loss
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364000 USD
us-gaap Other Comprehensive Income Loss Net Of Tax Period Increase Decrease
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0 USD
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0 USD
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us-gaap Payments For Capital Improvements
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us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
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44176000 USD
us-gaap Payments For Proceeds From Deposits On Real Estate Acquisitions
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0 USD
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us-gaap Operating Income Loss
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us-gaap Operating Leases Income Statement Minimum Lease Revenue
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CY2011Q2 us-gaap Operating Leases Income Statement Minimum Lease Revenue
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us-gaap Operating Leases Income Statement Minimum Lease Revenue
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us-gaap Other Amortization Of Deferred Charges
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5105000 USD
us-gaap Other Amortization Of Deferred Charges
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260000 USD
CY2012Q2 us-gaap Other Comprehensive Income Reclassification Adjustment For Sale Of Securities Included In Net Income Before Tax
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0 USD
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us-gaap Other Comprehensive Income Unrealized Gain Loss On Derivatives Arising During Period Net Of Tax
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us-gaap Other Significant Noncash Transaction Value Of Consideration Given1
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us-gaap Owned Property Management Costs
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PreferredStockNoParValue
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PreferredStockRedemptionPremium
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us-gaap Preferred Stock Redemption Premium
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us-gaap Payments Of Dividends Minority Interest
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us-gaap Payments To Acquire Productive Assets
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us-gaap Payments To Develop Real Estate Assets
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us-gaap Payments To Develop Real Estate Assets
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us-gaap Preferred Stock Redemption Premium
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us-gaap Proceeds From Issuance Of Debt
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us-gaap Proceeds From Issuance Of Secured Debt
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us-gaap Proceeds From Issuance Of Shares Under Incentive And Share Based Compensation Plans Including Stock Options
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us-gaap Proceeds From Sale Of Available For Sale Securities
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0 USD
us-gaap Proceeds From Sale Of Available For Sale Securities
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3497000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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594680000 USD
us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
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CY2011Q2 us-gaap Profit Loss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Profit Loss
ProfitLoss
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us-gaap Provision For Doubtful Accounts
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1769530000 USD
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1605090000 USD
CY2012Q2 us-gaap Real Estate Investment Property At Cost
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us-gaap Real Estate Taxes And Insurance
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us-gaap Redeemable Preferred Stock Dividends
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us-gaap Repayments Of Unsecured Debt
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CY2012Q2 us-gaap Revenues
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us-gaap Revenues
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us-gaap Revenues
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us-gaap Segment Reporting Information Revenue
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us-gaap Segment Reporting Information Revenue
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us-gaap Stock Issued During Period Value Conversion Of Units
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CY2012Q2 us-gaap Stockholders Equity
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CY2011Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
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CY2012Q2 us-gaap Taxes Payable Current And Noncurrent
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CY2011Q4 us-gaap Taxes Payable Current And Noncurrent
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236475000 USD
CY2012Q2 us-gaap Temporary Equity Carrying Amount
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243305000 USD
us-gaap Transfer Of Other Real Estate
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192576000 USD
us-gaap Transfer Of Other Real Estate
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0 USD
CY2012Q2 us-gaap Unsecured Debt
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us-gaap Utilities Costs
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us-gaap Utilities Costs
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CY2012Q2 us-gaap Utilities Costs
UtilitiesCosts
8676000 USD
us-gaap Valuation Allowance Deferred Tax Asset Change In Amount
ValuationAllowanceDeferredTaxAssetChangeInAmount
-22900000 USD
CY2012Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
234031000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
186527000 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
227766000 shares
CY2011Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
190479000 shares
CY2012Q2 udr Accounts Payable Accrued Expenses And Other Liabilities
AccountsPayableAccruedExpensesAndOtherLiabilities
102793000 USD
CY2011Q4 udr Accounts Payable Accrued Expenses And Other Liabilities
AccountsPayableAccruedExpensesAndOtherLiabilities
95485000 USD
CY2012Q2 udr Accumulated Depreciation Of Assets Of Disposal Group Including Discontinued Operations
AccumulatedDepreciationOfAssetsOfDisposalGroupIncludingDiscontinuedOperations
0 USD
CY2011Q4 udr Accumulated Depreciation Of Assets Of Disposal Group Including Discontinued Operations
AccumulatedDepreciationOfAssetsOfDisposalGroupIncludingDiscontinuedOperations
226067000 USD
udr Acquisition Of Real Estate Assets Net Of Liabilities Assumed And Initial Capital Expenditures
AcquisitionOfRealEstateAssetsNetOfLiabilitiesAssumedAndInitialCapitalExpenditures
11246000 USD
udr Acquisition Of Real Estate Assets Net Of Liabilities Assumed And Initial Capital Expenditures
AcquisitionOfRealEstateAssetsNetOfLiabilitiesAssumedAndInitialCapitalExpenditures
109148000 USD
CY2011Q4 udr Additional Contribution Made By Company
AdditionalContributionMadeByCompany
3000000 USD
udr Administrative And Marketing
AdministrativeAndMarketing
7452000 USD
CY2012Q2 udr Administrative And Marketing
AdministrativeAndMarketing
3921000 USD
udr Administrative And Marketing
AdministrativeAndMarketing
6557000 USD
CY2011Q2 udr Administrative And Marketing
AdministrativeAndMarketing
3454000 USD
CY2011Q2 udr Discontinued Operations Apartment Homes Sold
DiscontinuedOperationsApartmentHomesSold
2781 Apartment_Homes
CY2011Q2 udr Discontinued Operations Communities Sold
DiscontinuedOperationsCommunitiesSold
11 Communities
udr Discountrateonnotereceivable
Discountrateonnotereceivable
0.0699
udr Allocation To Redeemable Non Controllable Interests
AllocationToRedeemableNonControllableInterests
-38000 USD
CY2011Q2 udr Amortization Accretion Of Companys Carrying Value Of Its Equity Method Investment
AmortizationAccretionOfCompanysCarryingValueOfItsEquityMethodInvestment
395000 USD
udr Amortization Accretion Of Companys Carrying Value Of Its Equity Method Investment
AmortizationAccretionOfCompanysCarryingValueOfItsEquityMethodInvestment
791000 USD
CY2012Q2 udr Amortization Accretion Of Companys Carrying Value Of Its Equity Method Investment
AmortizationAccretionOfCompanysCarryingValueOfItsEquityMethodInvestment
42000 USD
udr Amortization Accretion Of Companys Carrying Value Of Its Equity Method Investment
AmortizationAccretionOfCompanysCarryingValueOfItsEquityMethodInvestment
88000 USD
CY2012Q2 udr Apartment Homes Sold
ApartmentHomesSold
4931 Apartment_Homes
CY2011Q2 udr Apartment Homes Sold
ApartmentHomesSold
1707 Apartment_Homes
udr Apartment Homes Sold
ApartmentHomesSold
6507 Apartment_Homes
udr Apartment Homes Sold
ApartmentHomesSold
1418 Apartment_Homes
udr Cash Paid In Nonmonetary Asset Exchange
CashPaidInNonmonetaryAssetExchange
28124000 USD
udr Cash Paid In Nonmonetary Asset Exchange
CashPaidInNonmonetaryAssetExchange
0 USD
CY2012Q2 udr Communities Held For Sale
CommunitiesHeldForSale
0 Communities
udr Communities Sold
CommunitiesSold
21 Communities
CY2011Q2 udr Communities Sold
CommunitiesSold
7 Communities
udr Communities Sold
CommunitiesSold
6 Communities
CY2012Q2 udr Communities Sold
CommunitiesSold
15 Communities
udr Community Threshold Percent Occupancy Threshold
CommunityThresholdPercentOccupancyThreshold
0.9
udr Community Threshold Period Above Occupancy Threshold
CommunityThresholdPeriodAboveOccupancyThreshold
P3M
CY2012Q2 udr Condition For Community Considered To Have Stabilized Occupancy
ConditionForCommunityConsideredToHaveStabilizedOccupancy
90% occupancy for at least three consecutive months
CY2012Q2 udr Cost Incurred To Date
CostIncurredToDate
332737000 USD
CY2012Q2 udr Debt Instrument Facility Fee Basis Spread On Variable Rate
DebtInstrumentFacilityFeeBasisSpreadOnVariableRate
0.0023
udr Debt Instrument Weighted Average Years To Maturity
DebtInstrumentWeightedAverageYearsToMaturity
5.6
udr Development Costs Excluding Direct Costs And Capitlized Interest
DevelopmentCostsExcludingDirectCostsAndCapitlizedInterest
4700000 USD
CY2012Q2 udr Development Costs Excluding Direct Costs And Capitlized Interest
DevelopmentCostsExcludingDirectCostsAndCapitlizedInterest
2000000 USD
udr Development Costs Excluding Direct Costs And Capitlized Interest
DevelopmentCostsExcludingDirectCostsAndCapitlizedInterest
5900000 USD
CY2011Q2 udr Development Costs Excluding Direct Costs And Capitlized Interest
DevelopmentCostsExcludingDirectCostsAndCapitlizedInterest
1800000 USD
CY2012Q2 udr Disposal Group Including Discontinued Operation Interest
DisposalGroupIncludingDiscontinuedOperationInterest
0 USD
udr Disposal Group Including Discontinued Operation Interest
DisposalGroupIncludingDiscontinuedOperationInterest
1744000 USD
udr Disposal Group Including Discontinued Operation Interest
DisposalGroupIncludingDiscontinuedOperationInterest
0 USD
CY2011Q2 udr Disposal Group Including Discontinued Operation Interest
DisposalGroupIncludingDiscontinuedOperationInterest
184000 USD
CY2011Q2 udr Disposal Group Including Discontinued Operation Non Property Expense
DisposalGroupIncludingDiscontinuedOperationNonPropertyExpense
43000 USD
CY2012Q2 udr Disposal Group Including Discontinued Operation Non Property Expense
DisposalGroupIncludingDiscontinuedOperationNonPropertyExpense
791000 USD
udr Disposal Group Including Discontinued Operation Non Property Expense
DisposalGroupIncludingDiscontinuedOperationNonPropertyExpense
88000 USD
udr Disposal Group Including Discontinued Operation Non Property Expense
DisposalGroupIncludingDiscontinuedOperationNonPropertyExpense
791000 USD
udr Disposal Group Including Discontinued Operation Other Operating Expense
DisposalGroupIncludingDiscontinuedOperationOtherOperatingExpense
23000 USD
CY2012Q2 udr Disposal Group Including Discontinued Operation Other Operating Expense
DisposalGroupIncludingDiscontinuedOperationOtherOperatingExpense
0 USD
CY2011Q2 udr Disposal Group Including Discontinued Operation Other Operating Expense
DisposalGroupIncludingDiscontinuedOperationOtherOperatingExpense
0 USD
udr Disposal Group Including Discontinued Operation Other Operating Expense
DisposalGroupIncludingDiscontinuedOperationOtherOperatingExpense
0 USD
udr Disposal Group Including Discontinued Operation Property Management Fee
DisposalGroupIncludingDiscontinuedOperationPropertyManagementFee
1630000 USD
CY2011Q2 udr Disposal Group Including Discontinued Operation Property Management Fee
DisposalGroupIncludingDiscontinuedOperationPropertyManagementFee
731000 USD
udr Disposal Group Including Discontinued Operation Property Management Fee
DisposalGroupIncludingDiscontinuedOperationPropertyManagementFee
834000 USD
CY2012Q2 udr Disposal Group Including Discontinued Operation Property Management Fee
DisposalGroupIncludingDiscontinuedOperationPropertyManagementFee
364000 USD
CY2012Q2 udr Disposal Group Including Discontinued Operation Real Estate Depreciation
DisposalGroupIncludingDiscontinuedOperationRealEstateDepreciation
0 USD
udr Disposal Group Including Discontinued Operation Real Estate Depreciation
DisposalGroupIncludingDiscontinuedOperationRealEstateDepreciation
6340000 USD
CY2011Q2 udr Disposal Group Including Discontinued Operation Real Estate Depreciation
DisposalGroupIncludingDiscontinuedOperationRealEstateDepreciation
11253000 USD
udr Disposal Group Including Discontinued Operation Real Estate Depreciation
DisposalGroupIncludingDiscontinuedOperationRealEstateDepreciation
25153000 USD
udr Disposal Group Including Discontinued Operation Rental Expenses
DisposalGroupIncludingDiscontinuedOperationRentalExpenses
10566000 USD
udr Disposal Group Including Discontinued Operation Rental Expenses
DisposalGroupIncludingDiscontinuedOperationRentalExpenses
22102000 USD
CY2012Q2 udr Disposal Group Including Discontinued Operation Rental Expenses
DisposalGroupIncludingDiscontinuedOperationRentalExpenses
4637000 USD
CY2011Q2 udr Disposal Group Including Discontinued Operation Rental Expenses
DisposalGroupIncludingDiscontinuedOperationRentalExpenses
9989000 USD
udr Distributions To Redeemable Noncontrolling Interests In Operating Partnership
DistributionsToRedeemableNoncontrollingInterestsInOperatingPartnership
4538000 USD
CY2012Q2 udr Expected Costs To Complete
ExpectedCostsToComplete
368080000 USD
udr Fair Value Adjustment Of Debt Assumed In Business Acquisition
FairValueAdjustmentOfDebtAssumedInBusinessAcquisition
2617000 USD
udr Fair Value Adjustment Of Debt Assumed In Business Acquisition
FairValueAdjustmentOfDebtAssumedInBusinessAcquisition
21915000 USD
CY2011Q4 udr Fair Value Of Underlying Property
FairValueOfUnderlyingProperty
9800000 USD
CY2011Q4 udr Fair Value Of Underlying Property Upon Completion Of Entitlement Process
FairValueOfUnderlyingPropertyUponCompletionOfEntitlementProcess
12800000 USD
CY2012Q2 udr General Partners Capital Account Units Owned Percentage
GeneralPartnersCapitalAccountUnitsOwnedPercentage
0.949
CY2011Q4 udr General Partners Capital Account Units Owned Percentage
GeneralPartnersCapitalAccountUnitsOwnedPercentage
0.949
udr Income Tax Expense Benefit Of Reit Subsidiary Net Including Discontinued Operations
IncomeTaxExpenseBenefitOfReitSubsidiaryNetIncludingDiscontinuedOperations
0 USD
CY2012Q2 udr Income Tax Expense Benefit Of Reit Subsidiary Net Including Discontinued Operations
IncomeTaxExpenseBenefitOfReitSubsidiaryNetIncludingDiscontinuedOperations
-2027000 USD
udr Income Tax Expense Benefit Of Reit Subsidiary Net Including Discontinued Operations
IncomeTaxExpenseBenefitOfReitSubsidiaryNetIncludingDiscontinuedOperations
-24903000 USD
CY2011Q2 udr Income Tax Expense Benefit Of Reit Subsidiary Net Including Discontinued Operations
IncomeTaxExpenseBenefitOfReitSubsidiaryNetIncludingDiscontinuedOperations
0 USD
CY2012Q2 udr Initial Term Of Credit Facilities
InitialTermOfCreditFacilities
P10Y
CY2011Q4 udr Limited Partners Capital Account Units Outstanding Percentage
LimitedPartnersCapitalAccountUnitsOutstandingPercentage
0.051
CY2011 udr Maximum Number Of Days Within Which Criteria Is To Met
MaximumNumberOfDaysWithinWhichCriteriaIsToMet
P730D
udr Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Issued Value
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationIssuedValue
0 USD
udr Noncash Or Part Noncash Acquisition Noncash Financial Or Equity Instrument Consideration Issued Value
NoncashOrPartNoncashAcquisitionNoncashFinancialOrEquityInstrumentConsiderationIssuedValue
62878000 USD
CY2011Q2 udr Number Of Apartment Homes Acquired
NumberOfApartmentHomesAcquired
1326 Apartment_Homes
udr Number Of Apartment Homes Acquired
NumberOfApartmentHomesAcquired
1326 Apartment_Homes
CY2012Q2 udr Number Of Apartment Homes Owned And Consolidated By Company
NumberOfApartmentHomesOwnedAndConsolidatedByCompany
41681 Apartment_Homes
CY2011Q2 udr Number Of Communities Acquired Apartment Homes Are Within
NumberOfCommunitiesAcquiredApartmentHomesAreWithin
3 Communities
udr Number Of Communities Acquired Apartment Homes Are Within
NumberOfCommunitiesAcquiredApartmentHomesAreWithin
3 Communities
udr Number Of Communities Encumbered
NumberOfCommunitiesEncumbered
43
CY2012Q2 udr Number Of Owned And Consolidated Community
NumberOfOwnedAndConsolidatedCommunity
145 Communities
CY2012Q2 udr Number Of Secured Credit Facilities
NumberOfSecuredCreditFacilities
3
CY2012Q2 udr Number Of States In Which There Are Owned And Consolidated Communities
NumberOfStatesInWhichThereAreOwnedAndConsolidatedCommunities
10
CY2012Q2 udr Number Of States In Which There Are Owned And Consolidated Communities
NumberOfStatesInWhichThereAreOwnedAndConsolidatedCommunities
8 States
CY2007 udr Numberofapartmenthomesinitiallycontributed
Numberofapartmenthomesinitiallycontributed
3992 Apartment_Homes
CY2007 udr Numberofpropertiesinitiallycontributedtojointventure
Numberofpropertiesinitiallycontributedtojointventure
10 Communities
udr Other Comprehensive Income Loss Net Of Tax Including Portion Attributable To Noncontrolling Interest
OtherComprehensiveIncomeLossNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
298000 USD
CY2011Q2 udr Other Cost And Expense Operating Including Discontinued Operations
OtherCostAndExpenseOperatingIncludingDiscontinuedOperations
1585000 USD
udr Other Cost And Expense Operating Including Discontinued Operations
OtherCostAndExpenseOperatingIncludingDiscontinuedOperations
2817000 USD
CY2012Q2 udr Other Cost And Expense Operating Including Discontinued Operations
OtherCostAndExpenseOperatingIncludingDiscontinuedOperations
1434000 USD
udr Other Cost And Expense Operating Including Discontinued Operations
OtherCostAndExpenseOperatingIncludingDiscontinuedOperations
3089000 USD
CY2011Q2 udr Other General And Administrative Expense Including Discontinued Operations
OtherGeneralAndAdministrativeExpenseIncludingDiscontinuedOperations
12875000 USD
udr Other General And Administrative Expense Including Discontinued Operations
OtherGeneralAndAdministrativeExpenseIncludingDiscontinuedOperations
23117000 USD
udr Other General And Administrative Expense Including Discontinued Operations
OtherGeneralAndAdministrativeExpenseIncludingDiscontinuedOperations
23505000 USD
CY2012Q2 udr Other General And Administrative Expense Including Discontinued Operations
OtherGeneralAndAdministrativeExpenseIncludingDiscontinuedOperations
13738000 USD
CY2012Q2 udr Other Operating Income Inclusive Of Discontinued Operations
OtherOperatingIncomeInclusiveOfDiscontinuedOperations
3223000 USD
CY2011Q2 udr Other Operating Income Inclusive Of Discontinued Operations
OtherOperatingIncomeInclusiveOfDiscontinuedOperations
2853000 USD
udr Other Operating Income Inclusive Of Discontinued Operations
OtherOperatingIncomeInclusiveOfDiscontinuedOperations
6906000 USD
udr Other Operating Income Inclusive Of Discontinued Operations
OtherOperatingIncomeInclusiveOfDiscontinuedOperations
7389000 USD
CY2012Q2 udr Ownership Of Consolidated Joint Ventures
OwnershipOfConsolidatedJointVentures
less than 100%
CY2011Q4 udr Real Estate Net
RealEstateNet
6242744000 USD
CY2012Q2 udr Real Estate Net
RealEstateNet
5991715000 USD
CY2011Q4 udr Real Estate Owned Gross
RealEstateOwnedGross
8074471000 USD
CY2012Q2 udr Real Estate Owned Gross
RealEstateOwnedGross
7761245000 USD
CY2012Q2 udr Real Estate Under Development Accumulated Depreciation
RealEstateUnderDevelopmentAccumulatedDepreciation
0 USD
CY2011Q4 udr Real Estate Under Development Accumulated Depreciation
RealEstateUnderDevelopmentAccumulatedDepreciation
570000 USD
CY2012Q2 udr Real Estates Owned Accumulated Depreciation
RealEstatesOwnedAccumulatedDepreciation
1769530000 USD
CY2011Q4 udr Real Estates Owned Accumulated Depreciation
RealEstatesOwnedAccumulatedDepreciation
1831727000 USD
udr Receivableduedatematurity
Receivableduedatematurity
5000000 USD
udr Related Party Transaction Management Fees
RelatedPartyTransactionManagementFees
5500000 USD
CY2012Q2 udr Related Party Transaction Management Fees
RelatedPartyTransactionManagementFees
2800000 USD
CY2012Q2 udr Secured Debt Encumbers Real Estate Owned Amount
SecuredDebtEncumbersRealEstateOwnedAmount
2300000000 USD
CY2012Q2 udr Secured Debt Encumbers Real Estate Owned Percent
SecuredDebtEncumbersRealEstateOwnedPercent
0.298
CY2012Q2 udr Secured Debt Including Debt On Real Estate Held For Sale
SecuredDebtIncludingDebtOnRealEstateHeldForSale
1442361000 USD
CY2011Q4 udr Secured Debt Including Debt On Real Estate Held For Sale
SecuredDebtIncludingDebtOnRealEstateHeldForSale
1891553000 USD
CY2012Q2 udr Secured Debt Unencumbered Real Estate Owned Amount
SecuredDebtUnencumberedRealEstateOwnedAmount
5400000000 USD
CY2012Q2 udr Secured Debt Unencumbered Real Estate Owned Percent
SecuredDebtUnencumberedRealEstateOwnedPercent
0.702
CY2011Q4 udr Security Deposits And Prepaid Rent
SecurityDepositsAndPrepaidRent
35516000 USD
CY2012Q2 udr Security Deposits And Prepaid Rent
SecurityDepositsAndPrepaidRent
35534000 USD
CY2011Q2 udr Segment Reporting Information Net Operating Income
SegmentReportingInformationNetOperatingIncome
118070000 USD
udr Segment Reporting Information Net Operating Income
SegmentReportingInformationNetOperatingIncome
257025000 USD
CY2012Q2 udr Segment Reporting Information Net Operating Income
SegmentReportingInformationNetOperatingIncome
128911000 USD
udr Segment Reporting Information Net Operating Income
SegmentReportingInformationNetOperatingIncome
228867000 USD
udr Segment Reporting Reconciling Items Cost Of Services Depreciation And Amortization
SegmentReportingReconcilingItemsCostOfServicesDepreciationAndAmortization
178721000 USD
CY2011Q2 udr Segment Reporting Reconciling Items Cost Of Services Depreciation And Amortization
SegmentReportingReconcilingItemsCostOfServicesDepreciationAndAmortization
91161000 USD
udr Segment Reporting Reconciling Items Cost Of Services Depreciation And Amortization
SegmentReportingReconcilingItemsCostOfServicesDepreciationAndAmortization
175276000 USD
CY2012Q2 udr Segment Reporting Reconciling Items Cost Of Services Depreciation And Amortization
SegmentReportingReconcilingItemsCostOfServicesDepreciationAndAmortization
84474000 USD
udr Segment Reporting Reconciling Items Gain Loss On Sale Of Property
SegmentReportingReconcilingItemsGainLossOnSaleOfProperty
252531000 USD
CY2012Q2 udr Segment Reporting Reconciling Items Gain Loss On Sale Of Property
SegmentReportingReconcilingItemsGainLossOnSaleOfProperty
172006000 USD
udr Segment Reporting Reconciling Items Gain Loss On Sale Of Property
SegmentReportingReconcilingItemsGainLossOnSaleOfProperty
44699000 USD
CY2011Q2 udr Segment Reporting Reconciling Items Gain Loss On Sale Of Property
SegmentReportingReconcilingItemsGainLossOnSaleOfProperty
44658000 USD
udr Segment Reporting Reconciling Items Interest Income Expense Net
SegmentReportingReconcilingItemsInterestIncomeExpenseNet
-78561000 USD
CY2012Q2 udr Segment Reporting Reconciling Items Interest Income Expense Net
SegmentReportingReconcilingItemsInterestIncomeExpenseNet
-41542000 USD
CY2011Q2 udr Segment Reporting Reconciling Items Interest Income Expense Net
SegmentReportingReconcilingItemsInterestIncomeExpenseNet
-37844000 USD
udr Segment Reporting Reconciling Items Interest Income Expense Net
SegmentReportingReconcilingItemsInterestIncomeExpenseNet
-76287000 USD
udr Segment Reporting Reconciling Items Owned Property Management Costs
SegmentReportingReconcilingItemsOwnedPropertyManagementCosts
10451000 USD
udr Segment Reporting Reconciling Items Owned Property Management Costs
SegmentReportingReconcilingItemsOwnedPropertyManagementCosts
9562000 USD
CY2012Q2 udr Segment Reporting Reconciling Items Owned Property Management Costs
SegmentReportingReconcilingItemsOwnedPropertyManagementCosts
5244000 USD
CY2011Q2 udr Segment Reporting Reconciling Items Owned Property Management Costs
SegmentReportingReconcilingItemsOwnedPropertyManagementCosts
4873000 USD
CY2012Q2 udr Share Based Compensation Unrecognized Expense
ShareBasedCompensationUnrecognizedExpense
3800000 USD
udr Share Based Compensation Unrecognized Expense
ShareBasedCompensationUnrecognizedExpense
3800000 USD
CY2012Q2 udr Tenant Or Related Group Of Tenants Contributed Ten Percent Or More Of Company Revenue
TenantOrRelatedGroupOfTenantsContributedTenPercentOrMoreOfCompanyRevenue
0
CY2012Q2 udr Weighted Average Common Shares Outstanding
WeightedAverageCommonSharesOutstanding
234657000 shares
udr Weighted Average Common Shares Outstanding
WeightedAverageCommonSharesOutstanding
228697000 shares
CY2011Q2 udr Weighted Average Common Shares Outstanding
WeightedAverageCommonSharesOutstanding
191758000 shares
udr Weighted Average Common Shares Outstanding
WeightedAverageCommonSharesOutstanding
187832000 shares
udr Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
186527000 shares
CY2011Q2 udr Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
190479000 shares
udr Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
227766000 shares
CY2012Q2 udr Weighted Average Number Of Share Outstanding Basic And Diluted
WeightedAverageNumberOfShareOutstandingBasicAndDiluted
234031000 shares
dei Amendment Flag
AmendmentFlag
false
dei Current Fiscal Year End Date
CurrentFiscalYearEndDate
--12-31
dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
Q2
dei Document Fiscal Year Focus
DocumentFiscalYearFocus
2012
dei Document Period End Date
DocumentPeriodEndDate
2012-06-30
dei Document Type
DocumentType
10-Q
dei Entity Central Index Key
EntityCentralIndexKey
0000074208
CY2012Q3 dei Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
250205421 shares
dei Entity Current Reporting Status
EntityCurrentReportingStatus
Yes
dei Entity Filer Category
EntityFilerCategory
Large Accelerated Filer
dei Entity Registrant Name
EntityRegistrantName
UDR, Inc.
dei Entity Voluntary Filers
EntityVoluntaryFilers
No
dei Entity Well Known Seasoned Issuer
EntityWellKnownSeasonedIssuer
Yes

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