Market Overview

UDR Declares Quarterly Dividend

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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 second quarter of 2018 in the amount of $0.3225 per
share, payable in cash, on July 31, 2018 to UDR common stock
shareholders of record as of July 10, 2018. The July 31st
dividend will be the 183rd consecutive quarterly dividend
paid by the Company on its common stock.

UDR also announced that its Board of Directors declared a regular
quarterly dividend on its Series E preferred stock for the second
quarter of 2018 in the amount of $0.3492 per share. The preferred
dividend is payable on July 31, 2018 to Series E preferred stock
shareholders of record as of July 10, 2018.

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 March 31, 2018, UDR owned or had an ownership position in
49,464 apartment homes including 1,953 homes under development or in its
Developer Capital Program – WCDJV. For over 46 years, UDR has delivered
long-term value to shareholders, the best standard of service to
residents and the highest quality experience for associates.

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