Market Overview

UDR Announces a 6.2% Annualized Common Dividend Increase for 2019

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~ Declares Quarterly Dividends ~

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 2019 in the amount of $0.3425 per
share, payable in cash, on April 30, 2019 to UDR common stock
shareholders of record as of April 9, 2019. The April 30th
dividend will be the 186th consecutive quarterly dividend
paid by the Company on its common stock.

As previously announced in February, the Company's annualized 2019
common dividend of $1.37 per share represents a 6.2% increase over the
annualized common dividend of $1.29 per share in 2018.

UDR also announced that its Board of Directors declared a regular
quarterly dividend on its Series E preferred stock for the first quarter
of 2019 in the amount of $0.3492 per share. The preferred dividend is
payable on April 30, 2019 to Series E preferred stock shareholders of
record as of April 9, 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 December 31, 2018, UDR owned or had an ownership position
in 48,860 apartment homes including 817 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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