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 fourth quarter of 2018 in the amount of $0.3225 per
share, payable in cash, on January 31, 2019 to UDR common stock
shareholders of record as of January 10, 2019. The January 31st
dividend will be the 185th 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 fourth
quarter of 2018 in the amount of $0.3492 per share. The preferred
dividend is payable on January 31, 2019 to Series E preferred stock
shareholders of record as of January 10, 2019.

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 September 30, 2018, UDR owned or had an ownership
position in 49,464 apartment homes including 932 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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