Business Wire | Jan 24, 2022 04:16PM EST

UDR Reports Tax Status of 2021 Distributions

Jan. 24, 2022

DENVER--(BUSINESS WIRE)--Jan. 24, 2022--UDR, Inc. (the "Company") (NYSE: UDR), a leading multifamily real estate investment trust, reported today the tax status of its 2021 distributions paid to shareholders. The following table summarizes the nature of these cash distributions per share and provides the appropriate Form 1099-DIV box number:

Box 1a Box 1b Box 2a Box 2b Box 2e Box 2f Box 5Record Payment Distribution Total Qualified Total Unrecaptured Sec. 897 Sec. 897 Box 3 Sec. 199ADate Date Per Share Ordinary Dividends^ Capital Sec. 1250 Ordinary Capital Nondividend Dividends^ Dividends 1 Gain Gain^2 Dividends^ Gain^2 Distributions 1 Distr. 1 Common Shares:1/11/ 2/1/ $0.360000 $0.253747 $0.010065 $0.106253 $0.017280 $0.077063 $0.073199 $0.000000 $0.2436822021 20214/9/ 4/30/ $0.362500 $0.255509 $0.010135 $0.106991 $0.017400 $0.077598 $0.073707 $0.000000 $0.2453742021 20217/12/ 8/2/ $0.362500 $0.255509 $0.010135 $0.106991 $0.017400 $0.077598 $0.073707 $0.000000 $0.2453742021 202110/11/ 11/1/ $0.362500 $0.255509 $0.010135 $0.106991 $0.017400 $0.077598 $0.073707 $0.000000 $0.2453742021 2021 Total $1.447500 $1.020274 $0.040470 $0.427226 $0.069480 $0.309857 $0.294320 $0.000000 $0.979804

Preferred Shares Series E:1/11/ 2/1/ $ 0.389800 $0.274752 $0.010898 $0.115048 $0.018710 $0.083442 $0.079258 $0.000000 $0.2638542021 20214/9/ 4/30/ $ 0.392500 $0.276655 $0.010974 $0.115845 $0.018840 $0.084020 $0.079807 $0.000000 $0.2656812021 20217/12/ 8/2/ $ 0.392500 $0.276655 $0.010974 $0.115845 $0.018840 $0.084020 $0.079807 $0.000000 $0.2656812021 202110/11/ 11/1/ $ 0.392500 $0.276655 $0.010974 $0.115845 $0.018840 $0.084020 $0.079807 $0.000000 $0.2656812021 2021 Total $1.567300 $1.104717 $0.043820 $0.462583 $0.075230 $0.335502 $0.318679 $0.000000 $1.060897

(1) - These amounts are a subset of, and included in, theamounts in Box 1a.(2) - These amounts are a subset of, and included in, theamounts in Box 2a. Pursuant to Treas. Reg. ? 1.1061-6(c), UDR, Inc. is disclosing below two additional amounts for purposes of Section 1061 of the Internal Revenue Code. Section 1061 is generally applicable to direct and indirect holders of "applicable partnership interests."

Form 1099-DIV Box 2a, One Year Amounts Three YearRecord Payment Total Capital Gain Disclosure Per AmountsDate Date Distr. Per Share Share Disclosure Per Share Common Shares:1/11/2021 2/1/2021 $0.106253 $0.033053 $0.031411

4/9/2021 4/30/2021 $0.106991 $0.033283 $0.031629

7/12/2021 8/2/2021 $0.106991 $0.033283 $0.031629

10/11/2021 11/1/2021 $0.106991 $0.033283 $0.031629

Total $0.427226 $0.132902 $0.126298

Preferred Shares Series E:1/11/2021 2/1/2021 $0.115048 $0.035789 $0.034011

4/9/2021 4/30/2021 $0.115845 $0.036037 $0.034247

7/12/2021 8/2/2021 $0.115845 $0.036037 $0.034247

10/11/2021 11/1/2021 $0.115845 $0.036037 $0.034247

Total $0.462583 $0.143900 $0.136752

Shareholders of record of the Company's common and preferred stock will receive an Internal Revenue Service Form 1099-DIV from EQ Shareowner Services, the Company's 2021 distribution paying agent. The form will report the distributions paid and the amounts designated as total ordinary dividends, qualified dividends, total capital gains, unrecaptured section 1250 gains, section 897 ordinary dividends, section 897 capital gain, nondividend distributions, and section 199A dividends. If shares were held in "street name" during 2021, the IRS form will be provided by a bank, brokerage firm, or nominee. Because the Company's tax return has not yet been filed for the year ended December 31, 2021, the distribution allocations presented herein have been calculated using the best available information to date.

The tax treatment of these distributions by state and local authorities varies and may not be the same as the IRS's treatment. Because federal and state tax laws affect individuals differently, the Company cannot advise shareholders on how distributions should be reported on their tax returns. The Company encourages shareholders to consult with their own tax advisors with respect to the federal, state and local income tax consequences of these distributions.

About UDR, Inc.

UDR, Inc. (NYSE: UDR), an S&P 500 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 communities in targeted U.S. markets. As of September 30, 2021, UDR owned or had an ownership position in 56,325 apartment homes including 1,417 homes under development. For over 49 years, UDR has delivered long-term value to shareholders, the best standard of service to residents and the highest quality experience for associates.

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CONTACT: UDR, Inc. Trent Trujillo ttrujillo@udr.com 720-283-6135