UDR, Inc.

UDR is a self-administered real estate investment trust (REIT) that focuses on owning, operating, acquiring, renovating, developing, redeveloping, disposing of, and managing multifamily apartment communities in specific markets across the United States. As of December 31, 2025, the company's consolidated real estate portfolio included 165 communities in 21 markets, comprising 55,240 completed apartment homes. These properties are held directly or through subsidiaries, including the Operating Partnership, the DownREIT Partnership, and consolidated joint ventures. Additionally, UDR holds ownership interests in 12,167 completed or to-be-completed apartment homes through unconsolidated joint ventures or partnerships, with 6,766 of these apartment homes owned by entities where UDR has preferred equity investments. As of December 31, 2025, the company was developing one wholly-owned community with 300 apartment homes, none of which were completed. UDR also incurs and capitalizes costs for predevelopment activities for future projects. The company has elected to be taxed as a REIT under the Internal Revenue Code of 1986, as amended, which requires it to meet specific tests, including having assets and income primarily derived from real estate and distributing at least 90% of its REIT taxable income (excluding net capital gains) to stockholders annually. As a REIT, UDR is generally not subject to U.S. federal corporate income taxes on net income distributed to stockholders. In 2025, UDR declared total distributions of $1.72 per common share and paid dividends of $1.715 per common share.