DENVER--(BUSINESS WIRE)--
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 2010 in
the amount of $0.185, payable in cash, on November 1, 2010 to UDR common
stock shareholders of record as of October 15, 2010. The November 1st
dividend will be the 152nd 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 2010 in the amount of $0.3322 per share. The preferred dividend is
payable on November 1, 2010 to Series E preferred stock shareholders of
record as of October 15, 2010.
Additionally, UDR announced that its Board of Directors declared a
regular quarterly dividend on its Series G Preferred Stock for the
period of July 30, 2010 to, but not including, October 29, 2010 in the
amount of $0.421875 per share. The preferred dividend is payable on
November 1, 2010 to Series G preferred stock shareholders of record as
of October 15, 2010.
About UDR, Inc.
UDR, Inc. (NYSE: UDR), an S&P 400 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, 2010, UDR owned or
had an ownership position in 51,823 apartment homes including 748 homes
under development. For over 38 years, UDR has delivered long-term value
to shareholders, the best standard of service to residents, and the
highest quality experience for associates. Additional information can be
found on the Company's website at www.udr.com.
Source: UDR, Inc.
Contact:
UDR, Inc.
H. Andrew Cantor, 720-283-6083
acantor@udr.com