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 2011 in
the amount of $0.20 per share, payable in cash, on October 31, 2011 to
UDR common stock shareholders of record as of October 14, 2011. The
October 31st dividend will be the 156th
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 2011 in the amount of $0.3322 per share. The preferred dividend is
payable on October 31, 2011 to Series E preferred stock shareholders of
record as of October 14, 2011.
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, 2011 to, but not including, October 29, 2011 in the
amount of $0.421875 per share. The preferred dividend is payable on
October 31, 2011 to Series G preferred stock shareholders of record as
of October 14, 2011.
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, 2011, UDR owned or
had an ownership position in 60,456 apartment homes including 2,009
homes under development. For over 39 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.
UDR, Inc.
H. Andrew Cantor
acantor@udr.com
720-283-6083
Source: UDR, Inc.