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 second quarter of 2010 in
the amount of $0.18, payable in cash, on August 2, 2010 to UDR common
stock shareholders of record as of July 12, 2010. The August 2nd
dividend will be the 151st 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 second
quarter of 2010 in the amount of $0.3322 per share. The preferred
dividend is payable on August 2, 2010 to Series E preferred stock
shareholders of record as of July 12, 2010.
Additionally, UDR announced that its Board of Directors declared a
regular quarterly dividend on its Series G Preferred Stock for the
period of April 30, 2010 to, but not including, July 29, 2010 in the
amount of $0.421875 per share. The preferred dividend is payable on July
30, 2010 to Series G preferred stock shareholders of record as of July
12, 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 March 31, 2010, UDR owned or
had an ownership position in 51,320 apartment homes including 971 homes
under development. For over 37 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