Market Overview

UDR Corrects its Series E Dividend Amount

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UDR, Inc. (NYSE: UDR),
a leading multifamily real estate investment trust, today announced that
it is correcting the regular quarterly dividend on its Series E
preferred stock, for the first quarter of 2019, to $0.3708 per share
from $0.3492 per share announced in the March 28, 2019 press release.
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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