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8-K - LIVE FILING - UDR, Inc. | htm_40655.htm |
EX-99.1 - EX-99.1 - UDR, Inc. | exhibit1.htm |
Exhibit 99.2
UDR Announces 10% Increase in Common Dividend
Denver, CO., February 7, 2011 UDR, Inc. (NYSE: UDR), announced today that its Board of Directors has approved a 10% increase, to $0.80 per share, in its annual common stock dividend to be declared in 2011.
Decisions regarding dividends are made by the Companys Board of Directors after considering actual Funds from Operations (FFO), financial conditions and capital requirements, the annual distribution requirements under the REIT provisions of the Internal Revenue Code and other factors.
Forward Looking Statements
Certain statements made in this release may constitute forward-looking statements. Words such as
expects, intends, believes, anticipates, likely, will, seeks, estimates and
variations of such words and similar expressions are intended to identify such forward-looking
statements. Forward-looking statements, by their nature, involve estimates, projections, goals,
forecasts and assumptions and are subject to risks and uncertainties that could cause actual
results or outcomes to differ materially from those expressed in a forward-looking statement, due
to a number of factors, which include, but are not limited to, unfavorable changes in the apartment
market, changing economic conditions, the impact of inflation/deflation on rental rates and
property operating expenses, expectations concerning availability of capital and the stabilization
of the capital markets, the impact of competition and competitive pricing, acquisitions,
developments and redevelopments not achieving anticipated results, delays in completing
developments, redevelopments and lease-ups on schedule, expectations on job growth, home
affordability and demand/supply ratio for multifamily housing, expectations concerning development
and redevelopment activities, expectations on occupancy levels, expectations concerning the
Vitruvian ParkSM development, expectations concerning the joint venture with MetLife,
expectations that automation will help grow net operating income, expectations on annualized net
operating income and other risk factors discussed in documents filed by the Company with the
Securities and Exchange Commission from time to time, including the Companys Annual Report on Form
10-K and the Companys Quarterly Reports on Form 10-Q. Actual results may differ materially from
those described in the forward-looking statements. These forward-looking statements and such
risks, uncertainties and other factors speak only as of the date of this presentation, and the
Company expressly disclaims any obligation or undertaking to update or revise any forward-looking
statement contained herein, to reflect any change in the Companys expectations with regard
thereto, or any other change in events, conditions or circumstances on which any such statement is
based, except to the extent otherwise required under the U.S. Securities Law.
This release and these forward-looking statements include UDRs analysis and conclusions based in part on third party data and reflect UDRs judgment as of the date of these materials. UDR assumes no obligation to revise or update to reflect future events or circumstances.
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 930 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 Companys
website at www.udr.com.
Contact: UDR, Inc.
H. Andrew Cantor, UDR, Inc.
acantor@udr.com
720-283-6083