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1018254_15_item7_p77_s1
1018254_14_item7_p86_s1
This definition conforms with the National Association of Real Estate Investment Trust s ( NAREIT ) definition issued in April 2002.
This definition conforms with the National Association of Real Estate Investment Trust s ( NAREIT ) definition issued in April 2002 and is comparable to FFO, diluted in the accompanying reconciliation.
2
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[]
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1018254_15_item7_p84_s0
1018254_14_item7_p91_s4
FFO as Adjusted is not intended to represent cash flow or liquidity for the period, and is only intended to provide an additional measure of our operating performance.
AFFO is not intended to represent cash flow or liquidity for the period, and is only intended to provide an additional measure of our operating performance.
2
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[]
[ "AFFO" ]
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1018254_15_item7_p84_s1
1018254_14_item7_p91_s5
We believe that net income attributable to UDR, Inc. is the most directly comparable GAAP financial measure to FFO as Adjusted.
We believe that net income attributable to UDR, Inc. is the most directly comparable GAAP financial measure to AFFO.
2
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[]
[ "AFFO" ]
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1018254_15_item7_p84_s3
1018254_14_item7_p91_s6
However, other REITs may use different methodologies for calculating FFO as Adjusted or similar FFO measures and, accordingly, our FFO as Adjusted may not always be comparable to FFO as Adjusted or similar FFO measures calculated by other REITs.
However, other REITs may use different methodologies for calculating AFFO and, accordingly, our AFFO may not always be comparable to AFFO calculated by other REITs.
2
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[]
[ "AFFO", "AFFO", "AFFO" ]
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1018254_15_item7_p82_s4
1018254_14_item7_p93_s0
AFFO is not intended to represent cash flow or liquidity for the period, and is only intended to provide an additional measure of our operating performance.
FFO as Adjusted is not intended to represent cash flow or liquidity for the period, and is only intended to provide an additional measure of our operating performance.
2
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[]
[ "FFO", "Adjusted" ]
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1018254_15_item7_p82_s5
1018254_14_item7_p93_s1
We believe that net income attributable to UDR, Inc. is the most directly comparable GAAP financial measure to AFFO.
We believe that net income attributable to UDR, Inc. is the most directly comparable GAAP financial measure to FFO as Adjusted.
2
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[]
[ "FFO", "Adjusted" ]
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1018254_15_item7_p82_s6
1018254_14_item7_p93_s3
However, other REITs may use different methodologies for calculating AFFO and, accordingly, our AFFO may not always be comparable to AFFO calculated by other REITs.
However, other REITs may use different methodologies for calculating FFO as Adjusted or similar FFO measures and, accordingly, our FFO as Adjusted may not always be comparable to FFO as Adjusted or similar FFO measures calculated by other REITs.
2
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[]
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1018254_15_item7_p82_s7
1018254_14_item7_p94_s0
AFFO should not be considered as an alternative to net income (determined in accordance with GAAP) as an indication of financial performance, or as an alternative to cash flows from operating activities (determined in accordance with GAAP) as a measure of our liquidity, nor is it indicative of funds available to fund o...
FFO as Adjusted should not be considered as an alternative to net income (determined in accordance with GAAP) as an indication of financial performance, or as an alternative to cash flows from operating activities (determined in accordance with GAAP) as a measure of our liquidity.
2
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[]
[ "FFO", "Adjusted" ]
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1018254_15_item7_p85_s0
1018254_14_item7_p94_s0
AFFO should not be considered as an alternative to net income (determined in accordance with GAAP) as an indication of financial performance, or as an alternative to cash flows from operating activities (determined in accordance with GAAP) as a measure of our liquidity, nor is it indicative of funds available to fund o...
in accordance with GAAP) as a measure of our liquidity, nor is it indicative of funds available to fund our cash needs, including our ability to make distributions.
2
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1018254_15_item7_p154_s1
1018254_14_item7_p99_s1
The decrease in net income attributable to common stockholders for the year ended December 31, 2013 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The increase resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
2
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[]
[ "increase" ]
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1018254_15_item7_p158_s1
1018254_14_item7_p99_s1
The decrease in net income attributable to common stockholders for the year ended December 31, 2013 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The increase resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
2
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[]
[ "increase" ]
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1018254_15_item7_p90_s1
1018254_14_item7_p99_s1
The decrease in net income attributable to common stockholders for the year ended December 31, 2013 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The increase in net income attributable to common stockholders for the year ended December 31, 2014 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
2
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[]
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1018254_16_item7_p168_s0
1018254_15_item7_p101_s3
The following table is our reconciliation of total property NOI to Net income/(loss) attributable to UDR, Inc. as reflected, for both continuing and discontinued operations, for the periods presented ( dollars in thousands):
The following table is our reconciliation of total property NOI to Net income/(loss) attributable to OP unitholders as reflected, for both continuing and discontinued operations, for the years ended December 31, 2015 , 2014 and 2013 (dollars in thousands) :
2
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1018254_16_item7_p173_s0
1018254_15_item7_p104_s0
UDR s non-mature communities/other consist of communities that do not meet the criteria to be included in same-store communities, which includes communities developed or acquired, redevelopment properties, sold or held for sale properties, and non-apartment components of mixed use properties.
The Operating Partnership s non-mature communities/other consist of communities that do not meet the criteria to be included in same-store communities, which includes communities recently developed or acquired, redevelopment properties, sold properties, and non-apartment components of mixed use properties.
2
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1018254_16_item7_p105_s11
1018254_15_item7_p107_s1
The decrease in interest expense was primarily due to lower debt balances and lower interest rates and higher capitalized interest from development and redevelopment activities.
The increase in interest expense was primarily due to lower capitalized interest from development and redevelopment activities.
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1018254_16_item7_p183_s2
1018254_15_item7_p117_s0
Due to the Company s adoption ASU 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity , effective January 1, 2014, these gains, net of tax, are included in Gain/(loss) on sale of real estate owned, net of tax on the UDR Consolidated Statements of Operations.
Due to the Operating Partnership s adoption ASU 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity , effective January 1, 2014, these gains were included in Gain/(loss) on sale of real estate owned on the Operating Partnership s Consolidated Statements of Operations.
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[ "Operating", "Partnership", "Operating", "Partnership" ]
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1018254_16_item7_p183_s3
1018254_15_item7_p117_s1
See Note 2, Significant Accounting Policies, in the Notes to the UDR Consolidated Financial Statements included in this Report for additional information.
See Note 2, Significant Accounting Policies, in the Notes to the Operating Partnership s Consolidated Financial Statements included in this Report for additional information.
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[ "Operating", "Partnership" ]
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1018254_16_item7_p3_s0
1018254_15_item7_p125_s0
UDR is a self-administered real estate investment trust, or REIT, that owns, acquires, renovates, develops, and manages apartment communities.
We are a self-administered real estate investment trust, or REIT, that owns, acquires, renovates, develops, and manages apartment communities.
2
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1018254_16_item7_p44_s0
1018254_15_item7_p127_s0
In conformity with GAAP, we capitalize those expenditures that materially enhance the value of an existing asset or substantially extend the useful life of an existing asset.
Capital Expenditures We capitalize those expenditures that materially enhance the value of an existing asset or substantially extend the useful life of an existing asset.
2
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[ "Capital", "Expenditures" ]
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1018254_16_item7_p27_s1
1018254_15_item7_p141_s0
The Operating Partnership s primary source of liquidity is cash flow from operations as determined by rental rates, occupancy levels, and operating expenses related to our portfolio of apartment homes and borrowings allocated to us under the General Partner s credit agreements.
Our primary source of liquidity is our cash flow from operations as determined by rental rates, occupancy levels, and operating expenses related to our portfolio of apartment homes and borrowings under our credit agreements.
2
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1018254_16_item7_p27_s2
1018254_15_item7_p141_s1
The General Partner will routinely use its unsecured credit facility to temporarily fund certain investing and financing activities prior to arranging for longer-term financing or the issuance of equity or debt securities.
We routinely use our unsecured revolving credit facility to temporarily fund certain investing and financing activities prior to arranging for longer-term financing or the issuance of equity or debt securities.
2
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1018254_16_item7_p27_s6
1018254_15_item7_p141_s5
We believe that our net cash provided by operations and borrowings will continue to be adequate to meet both operating requirements and the payment of distributions.
We believe that our net cash provided by property operations and borrowings under credit agreements will continue to be adequate to meet both operating requirements and the payment of dividends by the Company in accordance with REIT requirements.
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1018254_16_item7_p36_s0
1018254_15_item7_p142_s0
Net cash provided by/(used in) investing activities , and Net cash provided by/(used in) financing activities that are presented in our Consolidated Statements of Cash Flows for the years ended December 31, 2014 , 2013 , and 2012 .
Statements of Cash Flow The following discussion explains the changes in Net cash provided by/(used in) operating activities , Net cash provided by/(used in) investing activities , and Net cash provided by/(used in) financing activities that are presented in our Consolidated Statements of Cash Flows for the years ended...
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1018254_16_item7_p55_s0
1018254_15_item7_p146_s0
In 2013, the Operating Partnership sold two apartment communities in the Sacramento market, consisting of 914 apartment homes for gross proceeds of $81.1 million.
In 2013, UDR sold two apartment communities in the Sacramento market, consisting of 914 apartment homes for gross proceeds of $81.1 million .
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[ "UDR" ]
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1018254_16_item7_p147_s5
1018254_15_item7_p148_s4
As of December 31, 2014 , there were $152.5 million outstanding borrowings under the unsecured credit facility.
As of December 31, 2014 , there was $152.5 million outstanding balance under the unsecured credit facility.
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[]
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1018254_16_item7_p147_s5
1018254_15_item7_p148_s5
As of December 31, 2013 , there was no outstanding balance under the unsecured credit facility.
As of December 31, 2014 , there was $152.5 million outstanding balance under the unsecured credit facility.
2
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[]
[ "152.5", "million" ]
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1018254_16_item7_p67_s0
1018254_15_item7_p148_s6
The credit facilities are subject to customary financial covenants and limitations.
The Fannie Mae credit facilities and the bank unsecured revolving credit facilities are subject to customary financial covenants and limitations.
2
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[]
[ "Fannie", "Mae", "bank", "unsecured", "revolving" ]
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1018254_16_item7_p70_s0
1018254_15_item7_p152_s0
The General Partner also utilizes derivative financial instruments allocated to the Operating Partnership to manage interest rate risk and generally designates these financial instruments as cash flow hedges.
The Company also utilizes derivative financial instruments to manage interest rate risk and generally designates these financial instruments as cash flow hedges.
2
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1018254_16_item7_p87_s1
1018254_15_item7_p154_s1
The increase resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The increase in net income attributable to common stockholders for the year ended December 31, 2015 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
2
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1018254_16_item7_p90_s1
1018254_15_item7_p154_s1
The increase resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The increase in net income attributable to common stockholders for the year ended December 31, 2014 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
2
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1018254_16_item7_p87_s1
1018254_15_item7_p158_s1
The increase resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The increase in net income attributable to common stockholders for the year ended December 31, 2015 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
2
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1018254_16_item7_p90_s1
1018254_15_item7_p158_s1
The increase resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The increase in net income attributable to common stockholders for the year ended December 31, 2014 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
2
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1018254_16_item7_p97_s0
1018254_15_item7_p164_s0
NOI excludes several income and expense categories as detailed in the reconciliation of NOI to Net income/(loss) attributable to OP unitholders below.
NOI excludes several income and expense categories as detailed in the reconciliation of NOI to Net income/(loss) attributable to UDR, Inc. below.
2
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[]
[ "UDR", "Inc." ]
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1018254_16_item7_p102_s0
1018254_15_item7_p172_s0
The Operating Partnership s non-mature communities/other consist of communities that do not meet the criteria to be included in same-store communities, which includes communities developed or acquired, redevelopment properties, sold properties, and non-apartment components of mixed use properties.
UDR s non-mature communities/other consist of communities that do not meet the criteria to be included in same-store communities, which include communities recently developed or acquired, redevelopment properties, sold or held for sale properties, and non-apartment components of mixed use properties.
2
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[ "UDR", "include", "recently", "held", "sale" ]
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1018254_16_item7_p102_s0
1018254_15_item7_p173_s0
The Operating Partnership s non-mature communities/other consist of communities that do not meet the criteria to be included in same-store communities, which includes communities developed or acquired, redevelopment properties, sold properties, and non-apartment components of mixed use properties.
UDR s non-mature communities/other consist of communities that do not meet the criteria to be included in same-store communities, which include communities recently developed or acquired, redevelopment properties, sold or held for sale properties, and non-apartment components of mixed use properties.
2
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1018254_16_item7_p115_s4
1018254_15_item7_p181_s2
Due to the Company s adoption ASU 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity , effective January 1, 2014, these gains were included in Gain/(loss) on sale of real estate owned on the Operating Partnership s Consolidated Statements of Operations.
Due to the Company s adoption ASU 2014-08, Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity , effective January 1, 2014, these gains, net of tax, are included in Gain/(loss) on sale of real estate owned, net of tax on the UDR Consolidated Statements of Operations.
2
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[]
[ "net", "tax", "net", "tax", "UDR" ]
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1018254_16_item7_p115_s5
1018254_15_item7_p181_s3
See Note 2, Significant Accounting Policies, in the Notes to the Operating Partnership s Consolidated Financial Statements included in this Report for additional information.
See Note 2, Significant Accounting Policies, in the Notes to the UDR Consolidated Financial Statements included in this Report for additional information.
2
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[]
[ "UDR" ]
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1018254_16_item7_p138_s0
1018254_15_item7_p25_s1
Our primary source of liquidity is our cash flow from operations as determined by rental rates, occupancy levels, and operating expenses related to our portfolio of apartment homes and borrowings under our credit agreements.
The Operating Partnership s primary source of liquidity is cash flow from operations as determined by rental rates, occupancy levels, and operating expenses related to our portfolio of apartment homes and borrowings allocated to us under the General Partner s credit agreements.
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1018254_16_item7_p138_s1
1018254_15_item7_p25_s2
We routinely use our unsecured revolving credit facility to temporarily fund certain investing and financing activities prior to arranging for longer-term financing or the issuance of equity or debt securities.
The General Partner will routinely use its unsecured credit facility to temporarily fund certain investing and financing activities prior to arranging for longer-term financing or the issuance of equity or debt securities.
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1018254_16_item7_p138_s5
1018254_15_item7_p25_s6
We believe that our net cash provided by property operations and borrowings under credit agreements will continue to be adequate to meet both operating requirements and the payment of dividends by the Company in accordance with REIT requirements.
We believe that our net cash provided by operations and borrowings will continue to be adequate to meet both operating requirements and the payment of distributions.
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1018254_16_item7_p32_s0
1018254_15_item7_p30_s0
As of December 31, 2014, we had 16,518,567 shares of common stock available for sale under the April 2012 program.
As of December 31, 2015 , we had 13.1 million shares of common stock available for future issuance under the April 2012 program.
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1018254_16_item7_p34_s1
1018254_15_item7_p32_s0
reinvestment of proceeds from the sale of properties, through the issuance of equity or debt securities, the issuance of operating partnership units and the assumption or placement of secured and/or unsecured debt.
Acquisition activity in strategic markets may be funded through joint ventures, by the reinvestment of proceeds from the sale of properties, through the issuance of equity or debt securities, the issuance of operating partnership units and the assumption or placement of secured and/or unsecured debt.
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1018254_16_item7_p139_s0
1018254_15_item7_p34_s0
Statements of Cash Flow The following discussion explains the changes in Net cash provided by/(used in) operating activities , Net cash provided by/(used in) investing activities , and Net cash provided by/(used in) financing activities that are presented in our Consolidated Statements of Cash Flows for the years ended...
Net cash provided by/(used in) investing activities , and Net cash provided by/(used in) financing activities that are presented in our Consolidated Statements of Cash Flows for the years ended December 31, 2015 , 2014 , and 2013 .
2
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[]
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1018254_16_item7_p122_s0
1018254_15_item7_p3_s0
We are a self-administered real estate investment trust, or REIT, that owns, acquires, renovates, develops, and manages apartment communities.
UDR is a self-administered real estate investment trust, or REIT, that owns, acquires, renovates, develops, and manages apartment communities.
2
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[]
[ "UDR" ]
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1018254_16_item7_p3_s3
1018254_15_item7_p3_s3
Our subsidiaries include the Operating Partnership.
Our subsidiaries include the Operating Partnership and the DownREIT Partnership.
2
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[ "DownREIT" ]
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1018254_16_item7_p47_s4
1018254_15_item7_p49_s2
The estimated completion date for this community is the second quarter of 2015.
The estimated completion date for this community is the first quarter of 2018.
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[]
[ "first" ]
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1018254_16_item7_p145_s0
1018254_15_item7_p65_s0
In 2013, UDR sold two apartment communities in the Sacramento market, consisting of 914 apartment homes for gross proceeds of $81.1 million.
In 2013, the Operating Partnership sold two apartment communities in the Sacramento market, consisting of 914 apartment homes for gross proceeds of $81.1 million.
2
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[]
[ "Operating", "Partnership" ]
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1018254_16_item7_p59_s0
1018254_15_item7_p69_s0
paid distributions of $256.1 million to our common stockholders.
paid distributions of $283.2 million to our common stockholders.
2
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[]
[ "283.2" ]
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1018254_16_item7_p44_s0
1018254_15_item7_p6_s0
In conformity with GAAP, we capitalize those expenditures that materially enhance the value of an existing asset or substantially extend the useful life of an existing asset.
Capital Expenditures We capitalize those expenditures that materially enhance the value of an existing asset or substantially extend the useful life of an existing asset.
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[]
[ "Capital", "Expenditures" ]
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1018254_16_item7_p150_s0
1018254_15_item7_p76_s0
The Company also utilizes derivative financial instruments to manage interest rate risk and generally designates these financial instruments as cash flow hedges.
The General Partner also utilizes derivative financial instruments allocated to the Operating Partnership to manage interest rate risk and generally designates these financial instruments as cash flow hedges.
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[ "General", "Partner", "allocated", "Operating", "Partnership" ]
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1018254_16_item7_p71_s1
1018254_15_item7_p77_s1
This definition conforms with the National Association of Real Estate Investment Trust s ( NAREIT ) definition issued in April 2002 and is comparable to FFO, diluted in the accompanying reconciliation.
This definition conforms with the National Association of Real Estate Investment Trust s ( NAREIT ) definition issued in April 2002.
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[]
[]
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1018254_16_item7_p80_s0
1018254_15_item7_p82_s4
FFO as Adjusted is not intended to represent cash flow or liquidity for the period, and is only intended to provide an additional measure of our operating performance.
AFFO is not intended to represent cash flow or liquidity for the period, and is only intended to provide an additional measure of our operating performance.
2
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[]
[ "AFFO" ]
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1018254_16_item7_p78_s1
1018254_15_item7_p82_s5
We believe that net income attributable to UDR, Inc. is the most directly comparable GAAP financial measure to FFO as Adjusted.
We believe that Net income/(loss) attributable to common stockholders is the most directly comparable GAAP financial measure to FFO as Adjusted.
2
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[]
[ "Net", "income/(loss", "common", "stockholders" ]
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1018254_16_item7_p81_s1
1018254_15_item7_p82_s6
However, other REITs may use different methodologies for calculating FFO as Adjusted or similar FFO measures and, accordingly, our FFO as Adjusted may not always be comparable to FFO as Adjusted or similar FFO measures calculated by other REITs.
However, other REITs may use different methodologies for calculating AFFO and, accordingly, our AFFO may not always be comparable to AFFO calculated by other REITs.
2
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[]
[ "AFFO", "AFFO", "AFFO" ]
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1018254_16_item7_p82_s0
1018254_15_item7_p82_s7
FFO as Adjusted should not be considered as an alternative to net income (determined in accordance with GAAP) as an indication of financial performance, or as an alternative to cash flows from operating activities (determined in accordance with GAAP) as a measure of our liquidity.
AFFO should not be considered as an alternative to net income (determined in accordance with GAAP) as an indication of financial performance, or as an alternative to cash flows from operating activities (determined in accordance with GAAP) as a measure of our liquidity, nor is it indicative of funds available to fund o...
2
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[]
[ "AFFO", "indicative", "funds", "available", "fund", "needs", "including", "ability", "make", "distributions" ]
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1018254_16_item7_p78_s0
1018254_15_item7_p84_s0
AFFO is not intended to represent cash flow or liquidity for the period, and is only intended to provide an additional measure of our operating performance.
FFO as Adjusted is not intended to represent cash flow or liquidity for the period, and is only intended to provide an additional measure of our operating performance.
2
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[]
[ "FFO", "Adjusted" ]
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1018254_16_item7_p80_s1
1018254_15_item7_p84_s1
We believe that net income attributable to UDR, Inc. is the most directly comparable GAAP financial measure to AFFO.
We believe that Net income/(loss) attributable to common stockholders is the most directly comparable GAAP financial measure to AFFO.
2
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[]
[ "Net", "income/(loss", "common", "stockholders" ]
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1018254_16_item7_p78_s2
1018254_15_item7_p84_s3
However, other REITs may use different methodologies for calculating AFFO and, accordingly, our AFFO may not always be comparable to AFFO calculated by other REITs.
However, other REITs may use different methodologies for calculating FFO as Adjusted or similar FFO measures and, accordingly, our FFO as Adjusted may not always be comparable to FFO as Adjusted or similar FFO measures calculated by other REITs.
2
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[]
[ "FFO", "Adjusted", "similar", "FFO", "measures", "FFO", "Adjusted", "FFO", "Adjusted", "similar", "FFO", "measures" ]
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1018254_16_item7_p82_s0
1018254_15_item7_p85_s0
in accordance with GAAP) as a measure of our liquidity, nor is it indicative of funds available to fund our cash needs, including our ability to make distributions.
AFFO should not be considered as an alternative to net income (determined in accordance with GAAP) as an indication of financial performance, or as an alternative to cash flows from operating activities (determined in accordance with GAAP) as a measure of our liquidity, nor is it indicative of funds available to fund o...
2
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[]
[ "AFFO", "considered", "alternative", "net", "income", "determined", "indication", "financial", "performance", "alternative", "flows", "operating", "activities", "determined" ]
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1018254_16_item7_p152_s1
1018254_15_item7_p90_s1
The increase in net income attributable to common stockholders for the year ended December 31, 2014 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The increase resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
2
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[]
[]
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1018254_16_item7_p158_s1
1018254_15_item7_p90_s1
The increase in net income attributable to common stockholders for the year ended December 31, 2014 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The increase resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
2
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[]
[]
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1018254_16_item7_p152_s1
1018254_15_item7_p94_s1
The decrease in net income attributable to common stockholders for the year ended December 31, 2013 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The increase resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
2
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[]
[ "increase" ]
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1018254_16_item7_p158_s1
1018254_15_item7_p94_s1
The decrease in net income attributable to common stockholders for the year ended December 31, 2013 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The increase resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
2
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[]
[ "increase" ]
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1018254_16_item7_p87_s1
1018254_15_item7_p94_s1
The decrease in net income attributable to common stockholders for the year ended December 31, 2013 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The increase in net income attributable to common stockholders for the year ended December 31, 2015 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
2
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[]
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1018254_16_item7_p90_s1
1018254_15_item7_p94_s1
The decrease in net income attributable to common stockholders for the year ended December 31, 2013 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The increase in net income attributable to common stockholders for the year ended December 31, 2014 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
2
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[]
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1018254_16_item7_p165_s0
1018254_15_item7_p99_s0
NOI excludes several income and expense categories as detailed in the reconciliation of NOI to Net income/(loss) attributable to UDR, Inc. below.
NOI excludes several income and expense categories as detailed in the reconciliation of NOI to Net income/(loss) attributable to OP unitholders below.
2
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[]
[ "OP", "unitholders" ]
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1018254_17_item7_p103_s1
1018254_16_item7_p104_s1
The increased income in 2015 as compared to 2014 and 2013 was attributable to the promote and fee income of $10.0 million recognized in connection with the sale of the Texas joint venture.
The decreased income in 2016 as compared to 2015 and increased income in 2015 as compared to 2014 was attributable to the promote and fee income of $10.0 million recognized in connection with the sale of the Texas Joint Venture in 2015.
2
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[ "decreased", "Joint", "Venture" ]
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1018254_17_item7_p104_s1
1018254_16_item7_p105_s3
The increase in depreciation and amortization for the year ended December 31, 2014 was primarily due to homes delivered from our development and redevelopment communities, partially offset by a decrease from sold communities and fully depreciated assets.
The increase was primarily due to homes delivered from our development and redevelopment communities and communities acquired in 2016 and 2015, partially offset by a decrease from sold communities and fully depreciated assets.
2
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[ "acquired" ]
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1018254_17_item7_p104_s3
1018254_16_item7_p105_s3
The increase in depreciation and amortization for the year ended December 31, 2014 was primarily due to homes delivered from our development and redevelopment communities, partially offset by a decrease from sold communities and fully depreciated assets.
The increase was primarily due to homes delivered from our development and redevelopment communities and communities acquired in 2015 and 2014, partially offset by a decrease from sold communities and fully depreciated assets.
2
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[]
[ "acquired" ]
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1018254_17_item7_p105_s4
1018254_16_item7_p105_s9
The decrease in interest expense was primarily due to the repayment of the $325.2 million medium term notes in January 2015 and the replacement of debt at lower rates.
The decrease in 2015 as compared to 2014 of 6.6% or $8.6 million was primarily due to the repayment of the $325.2 million medium term notes in January 2015 and the replacement of debt at lower rates.
2
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[]
[ "compared", "6.6", "8.6" ]
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1018254_17_item7_p3_s0
1018254_16_item7_p122_s0
UDR is a self-administered real estate investment trust, or REIT, that owns, acquires, renovates, develops, and manages apartment communities.
We are a self-administered real estate investment trust, or REIT, that owns, acquires, renovates, develops, and manages apartment communities.
2
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[]
[]
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1018254_17_item7_p56_s0
1018254_16_item7_p124_s0
In conformity with GAAP, we capitalize those expenditures that materially enhance the value of an existing asset or substantially extend the useful life of an existing asset.
Capital Expenditures We capitalize those expenditures that materially enhance the value of an existing asset or substantially extend the useful life of an existing asset.
2
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[]
[ "Capital", "Expenditures" ]
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1018254_17_item7_p185_s0
1018254_16_item7_p136_s0
Our Non-Mature Communities/Other segment represents those communities that do not meet the criteria to be included in Same-Store Communities, including, but not limited to, recently acquired, developed and redeveloped communities, and the non-apartment components of mixed use properties.
Non-Mature Communities/Other The Operating Partnership s Non-Mature Communities/Other represent those communities that do not meet the criteria to be included in Same-Store Communities , including, but not limited to, recently developed, acquired or redeveloped communities, sold communities and the non-apartment compon...
2
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[]
[ "Operating", "Partnership", "represent", "sold" ]
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1018254_17_item7_p27_s1
1018254_16_item7_p138_s0
The Operating Partnership s primary source of liquidity is cash flow from operations as determined by rental rates, occupancy levels, and operating expenses related to our portfolio of apartment homes and borrowings allocated to us under the General Partner s credit agreements.
Our primary source of liquidity is our cash flow from operations as determined by rental rates, occupancy levels, and operating expenses related to our portfolio of apartment homes and borrowings under our credit agreements.
2
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[]
[]
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1018254_17_item7_p27_s2
1018254_16_item7_p138_s1
The General Partner will routinely use its unsecured credit facility to temporarily fund certain investing and financing activities prior to arranging for longer-term financing or the issuance of equity or debt securities.
We routinely use our unsecured revolving credit facility to temporarily fund certain investing and financing activities prior to arranging for longer-term financing or the issuance of equity or debt securities.
2
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[]
[ "revolving" ]
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1018254_17_item7_p27_s6
1018254_16_item7_p138_s5
We believe that our net cash provided by operations and borrowings will continue to be adequate to meet both operating requirements and the payment of distributions.
We believe that our net cash provided by property operations and borrowings under credit agreements will continue to be adequate to meet both operating requirements and the payment of dividends by the Company in accordance with REIT requirements.
2
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1018254_17_item7_p34_s0
1018254_16_item7_p139_s0
Net cash provided by/(used in) investing activities , and Net cash provided by/(used in) financing activities that are presented in our Consolidated Statements of Cash Flows for the years ended December 31, 2015 , 2014 , and 2013 .
Statements of Cash Flow The following discussion explains the changes in Net cash provided by/(used in) operating activities , Net cash provided by/(used in) investing activities , and Net cash provided by/(used in) financing activities that are presented in our Consolidated Statements of Cash Flows for the years ended...
2
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1018254_17_item7_p39_s0
1018254_16_item7_p140_s2
Investing Activities For the year ended December 31, 2015 , Net cash provided by/(used in) investing activities was $23.6 million compared to $(46.7) million for 2014 .
For the year ended December 31, 2015 , Net cash provided by/(used in) operating activities was $458.6 million compared to $397.3 million for 2014 .
2
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[ "operating", "458.6", "397.3" ]
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1018254_17_item7_p39_s0
1018254_16_item7_p145_s5
Financing Activities For the year ended December 31, 2015 , Net cash provided by/(used in) financing activities was $(247.7) million compared to $(162.8) million for 2014 .
For the year ended December 31, 2015 , Net cash provided by/(used in) operating activities was $458.6 million compared to $397.3 million for 2014 .
2
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[ "operating", "458.6", "397.3" ]
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1018254_17_item7_p162_s0
1018254_16_item7_p147_s0
The Fannie Mae credit facilities mature at various dates from May 2017 through July 2023 and bear interest at floating and fixed rates.
The portions of the Fannie Mae credit facilities allocated to the Operating Partnership mature at various dates from December 2018 through July 2023 and bear interest at floating and fixed rates.
2
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1018254_17_item7_p80_s0
1018254_16_item7_p147_s6
The credit facilities are subject to customary financial covenants and limitations.
The Fannie Mae credit facilities and the bank unsecured revolving credit facilities are subject to customary financial covenants and limitations.
2
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[]
[ "Fannie", "Mae", "bank", "unsecured", "revolving" ]
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1018254_17_item7_p85_s0
1018254_16_item7_p150_s0
The General Partner also utilizes derivative financial instruments allocated to the Operating Partnership to manage interest rate risk and generally designates these financial instruments as cash flow hedges.
The Company also utilizes derivative financial instruments to manage interest rate risk and generally designates these financial instruments as cash flow hedges.
2
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1018254_17_item7_p167_s2
1018254_16_item7_p152_s1
The increase resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The decrease in net income attributable to OP unitholders resulted primarily from the following items, which are discussed in further detail elsewhere within this Report:
2
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1018254_17_item7_p170_s1
1018254_16_item7_p152_s1
The increase resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The increase in net income attributable to OP unitholders resulted primarily from the following items, which are discussed in further detail elsewhere within this Report:
2
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1018254_17_item7_p87_s2
1018254_16_item7_p152_s1
The increase resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The decrease in net income attributable to common stockholders for the year ended December 31, 2016 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
2
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1018254_17_item7_p90_s1
1018254_16_item7_p152_s1
The increase resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The increase in net income attributable to common stockholders for the year ended December 31, 2015 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
2
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1018254_17_item7_p158_s2
1018254_16_item7_p154_s2
As a result of the contribution, the Operating Partnership lost its controlling interest and deconsolidated the seven operating communities.
As a result of the contribution, the Operating Partnership gave up its controlling interest and deconsolidated the seven operating communities.
2
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[ "gave" ]
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1018254_17_item7_p172_s2
1018254_16_item7_p154_s2
As a result of the contribution, the Operating Partnership lost its controlling interest and deconsolidated the seven operating communities.
As a result of the contribution, the Operating Partnership gave up its controlling interest and deconsolidated the seven operating communities.
2
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[]
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1018254_17_item7_p190_s2
1018254_16_item7_p154_s2
As a result of the contribution, the Operating Partnership lost its controlling interest and deconsolidated the seven operating communities.
As a result of the contribution, the Operating Partnership gave up its controlling interest and deconsolidated the seven operating communities.
2
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[]
[ "gave" ]
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1018254_17_item7_p167_s2
1018254_16_item7_p158_s1
The increase resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The decrease in net income attributable to OP unitholders resulted primarily from the following items, which are discussed in further detail elsewhere within this Report:
2
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[]
[ "decrease", "net", "income", "attributable", "OP", "unitholders" ]
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1018254_17_item7_p170_s1
1018254_16_item7_p158_s1
The increase resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The increase in net income attributable to OP unitholders resulted primarily from the following items, which are discussed in further detail elsewhere within this Report:
2
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[]
[ "net", "income", "attributable", "OP", "unitholders" ]
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1018254_17_item7_p87_s2
1018254_16_item7_p158_s1
The increase resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The decrease in net income attributable to common stockholders for the year ended December 31, 2016 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
2
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1018254_17_item7_p90_s1
1018254_16_item7_p158_s1
The increase resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
The increase in net income attributable to common stockholders for the year ended December 31, 2015 resulted primarily from the following items, all of which are discussed in further detail elsewhere within this Report:
2
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[ "net", "income", "attributable", "common", "stockholders", "year", "ended", "December", "31" ]
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1018254_17_item7_p95_s0
1018254_16_item7_p165_s0
NOI excludes several income and expense categories as detailed in the reconciliation of NOI to Net income/(loss) attributable to OP unitholders below.
several income and expense categories as detailed in the reconciliation of NOI to Net income/(loss) attributable to UDR, Inc. below.
2
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[ "NOI", "excludes", "several", "income", "and", "expense", "categories", "as", "detailed", "in", "the", "reconciliation", "of", "NOI", "to", "Net", "income/(loss", ")", "attributable", "to", "OP", "unitholders", "below", "." ]
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[]
[ "UDR", "Inc." ]
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1018254_17_item7_p179_s0
1018254_16_item7_p166_s0
The following table summarizes the operating performance of our total portfolio (which includes discontinued operations) for the years ended December 31, 2015 , 2014 , and 2013 (dollars in thousands) :
The following table summarizes the operating performance of our total portfolio for the years ended December 31, 2016 , 2015 , and 2014 (dollars in thousands) :
2
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[]
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1018254_17_item7_p184_s4
1018254_16_item7_p169_s4
Physical occupancy increased 1.5% to 96.8% for the year ended December 31, 2015 compared to 2014 .
Physical occupancy increased 1.5% to 96.8% and total income per occupied home increased 1.7% to $2,103 for the year ended December 31, 2015 compared to 2014.
2
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[]
[ "total", "income", "per", "occupied", "home", "1.7", "2,103" ]
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1018254_17_item7_p186_s3
1018254_16_item7_p174_s1
The decrease in depreciation and amortization for the year ended December 31, 2015 was primarily due to sold communities and fully depreciated assets partially offset by homes delivered from our development and redevelopment communities.
The decrease was primarily due to sold communities and fully depreciated assets partially offset by homes delivered from our development and redevelopment communities.
2
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[]
[]
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1018254_17_item7_p158_s2
1018254_16_item7_p181_s2
As a result of the contribution, the Operating Partnership lost its controlling interest and deconsolidated the seven operating communities.
As a result of the contribution, the Operating Partnership gave up its controlling interest and deconsolidated the seven operating communities.
2
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[]
[ "gave" ]
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1018254_17_item7_p172_s2
1018254_16_item7_p181_s2
As a result of the contribution, the Operating Partnership lost its controlling interest and deconsolidated the seven operating communities.
As a result of the contribution, the Operating Partnership gave up its controlling interest and deconsolidated the seven operating communities.
2
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[]
[ "gave" ]
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1018254_17_item7_p190_s2
1018254_16_item7_p181_s2
As a result of the contribution, the Operating Partnership lost its controlling interest and deconsolidated the seven operating communities.
As a result of the contribution, the Operating Partnership gave up its controlling interest and deconsolidated the seven operating communities.
2
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[ "gave" ]
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