=============================================================================== FORM 8-K/A SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 --------------- AMENDMENT TO APPLICATION OR REPORT Filed Pursuant to Section 12, 13 or 15(d) of THE SECURITIES EXCHANGE ACT OF 1934 UNITED DOMINION REALTY TRUST, INC. (Exact name of registrant as specified in its charter) AMENDMENT NO. 1 The undersigned registrant hereby amends its Current Report on Form 8-K dated August 31, 1994 which was filed with the Securities and Exchange Commission on August 31, 1994. Note (D) of the Notes to the Pro Forma Statements of Operations was updated to provide documentation for the net adjustment to allow for a full year of actual rental income and related opertaion expenses for the 1993 acquisitions reported on Form 8-K during 1993 as shown in the Pro Forma Statement of Operation for the Year Ended December 31, 1993. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. - ---------------------------------------------------------------------------- (a) Financial Statements of Real Estate Properties Acquired (b) Pro Forma Financial Information (c) Exhibits (23) Consents of experts SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Amendment to be signed on its behalf by the undersigned, thereunto duly authorized. UNITED DOMINION REALTY TRUST, INC. ---------------------------------- (Registrant) /s/ JERRY A. DAVIS --------------------------------------------- Jerry A. Davis Vice President Corporate Controller Date: August 31, 1994 =============================================================================== (C) Represents actual rental income and related operating expenses of five apartment acquisitions, as previously reported on Forms 8-K dated April 15, 1994 and May 17, 1994. (D) Represents the net adjustments required to allow for a full year of actual rental income and related expenses for the Trust's acquisitions reported on Form 8-K during 1993. Acquisitions previously reported on Form 8-K were for the nine month period ended September 30, 1993. This adjustment reflects the income for these properties between October 1, 1993 and December 31, 1993 which were not included in the Trust's historical statements of operations. The amounts were derived from operating statements of the respective properties. A reconciliation the net income amounts is outlined as follows: Acquisitions Net Income Previously Reported 8-K/A Filing to Amounts Full Year on Form 8-K Dated 8-K Filed Update 8-K Reported Adjustment December 31, 1993 May 20, 1994 July 29, 1994 $ 543 $143 $ 686 September 28, 1994 December 2, 1994 1,155 (39) 1,116 December 22, 1994 February 18, 1994 1,539 424 1,963 December 31, 1993 March 3, 1994 490 162 652 $ 3,727 $690 $4,417 (E) Reflects the net decrease in property management fees for the Portfolio Acquisition and the Trust's 1994 and 1993 acquisitions. The Trust internally manages its apartment portfolio at a cost of approximately 3% of rental income. (F) Reflects the net decrease in insurance expense to reflect that the Trust insures its apartments for approximately $107 per unit less than the historical insurance expense of the Portfolio Acquisition. (G) Represents the net adjustments to depreciation expense as outlined below. Depreciation is computed on a straight-line basis over the estimated useful lives of the related assets. Buildings were depreciated using a 35 year life and other improvements using a 15 year useful life. Six Months Ended Twelve Months Ended June 30, 1994 December 31, 1993 --------------- ------------------- Increase related to the Portfolio Acquisition $2,197,000 $4,393,000 Increase related to the acquisitions previously reported on Form 8-K dated April 15, 1994 and Form 8-K dated May 17, 1994 312,000 1,943,000 Increase related to the acquisitions Previously reported on Form 8-K dated December 31, 1993 1,510,000 Total $2,509,000 $7,846,000 (H) Reflects the reduction in interest income associated with the use of short-term investments to acquire the properties at assumed interest rates in effect at the time of each respective acquisition. For the year ended December 31, 1993 such acquisitions consist of the Trust's 1993 acquisitions reported on Form 8-K dated December 31, 1993. For the six months ended June 30, 1994, such acquisitions consist of the Portfolio Acquisition.