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 first quarter of 2011 in
the amount of $0.185 per share, payable in cash, on May 2, 2011 to UDR
common stock shareholders of record as of April 11, 2011. The May 2nd
dividend will be the 154th 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 first quarter
of 2011 in the amount of $0.3322 per share. The preferred dividend is
payable on May 2, 2011 to Series E preferred stock shareholders of
record as of April 11, 2011.
Additionally, UDR announced that its Board of Directors declared a
regular quarterly dividend on its Series G Preferred Stock for the
period of January 30, 2011 to, but not including, April 29, 2011 in the
amount of $0.421875 per share. The preferred dividend is payable on May
2, 2011 to Series G preferred stock shareholders of record as of April
11, 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 December 31, 2010, UDR owned
or had an ownership position in 59,614 apartment homes including 1,170
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