UDR Announces a 6% Annualized Common Dividend Increase for 2016

~ Declares Quarterly Dividends ~

DENVER--(BUSINESS WIRE)-- UDR, Inc. (NYSE:UDR), a leading multifamily real estate investment trust, today announced that its Board of Directors declared a regular quarterly dividend on its common stock for the first quarter of 2016 in the amount of $0.295 per share, payable in cash, on May 2, 2016 to UDR common stock shareholders of record as of April 11, 2016. The May 2nd dividend will be the 174th consecutive quarterly dividend paid by the Company on its common stock.

As previously announced in February, the Company’s annualized and declared common dividend of $1.18 per share for 2016 represents a 6% increase over the annualized and declared common dividend of $1.11 per share in 2015.

UDR also announced that its Board of Directors declared a regular quarterly dividend on its Series E preferred stock for the first quarter of 2016 in the amount of $0.3322 per share. The preferred dividend is payable on May 2, 2016 to Series E preferred stock shareholders of record as of April 11, 2016.

About UDR, Inc.

UDR, Inc. (NYSE:UDR), an S&P 500 company, is a leading multifamily real estate investment trust with a demonstrated performance history of delivering superior and dependable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate properties in targeted U.S. markets. As of December 31, 2015, UDR owned or had an ownership position in 50,646 apartment homes including 3,222 homes under development. For over 43 years, UDR has delivered long-term value to shareholders, the best standard of service to residents and the highest quality experience for associates. Additional information can be found on the Company's website at ir.udr.com.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160324005016/en/

UDR, Inc.
Shelby Noble, 720-922-6082
[email protected]

Source: UDR, Inc.

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