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 third quarter of 2018 in the amount of $0.3225 per
share, payable in cash, on October 31, 2018 to UDR common stock
shareholders of record as of October 10, 2018. The October 31st
dividend will be the 184th 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 third quarter
of 2018 in the amount of $0.3492 per share. The preferred dividend is
payable on October 31, 2018 to Series E preferred stock shareholders of
record as of October 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 June 30, 2018, UDR owned or had an ownership position in
49,464 apartment homes including 1,334 homes under development or in its
Developer Capital Program – West Coast Development Joint Venture. 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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