UDR, Inc. (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 2022 in the amount of $0.38 per share, payable in cash on May 2, 2022 to UDR common stock shareholders of record as of April 11, 2022. The May 2, 2022 dividend will be the 198th consecutive quarterly dividend paid by the Company on its common stock.

As previously disclosed in February, the company’s annualized common dividend of $1.52 per share in 2022 represents an approximate 5% increase over the annualized common dividend of $1.45 per share in 2021.

UDR, Inc. (United Dominion Realty Trust) is a real estate investment trust that owns, operates, acquires, renovates, develops, redevelops, disposes of and manages multifamily apartment communities generally located in various markets across the United States, including Orange County, San Francisco and Los Angeles in California; Seattle, Washington; Richmond, Virginia; Baltimore, Maryland; Orlando and Tampa in Florida; Nashville, Tennessee, and Dallas and Austin in Texas.  The high barrier-to-entry markets are characterized by limited land for new construction, difficult and lengthy entitlement processes, low single-family home affordability and strong employment growth potential. UDR was formed in 1972 as a Virginia corporation. In June 2003, we changed our state of incorporation from Virginia to Maryland. The Operating Partnership is the successor-in-interest to United Dominion Realty, L.P., a limited partnership formed under the laws of Virginia, which commenced operations in 1995. UDR has paid a dividend since at least 1987.