UDR Reports Tax Status of 2021 Distributions

DENVER–(BUSINESS WIRE)–UDR, Inc. (the “Company”) (NYSE: UDR), a leading multi-family real estate investment trust, today announced the tax status of its 2021 distributions to shareholders. The following table summarizes the nature of these cash distributions per share and provides the appropriate Form 1099-DIV box number:

According to Treas. Reg. § 1.1061-6(c), UDR, Inc. discloses two additional amounts below for purposes of Section 1061 of the Internal Revenue Code. Section 1061 generally applies to direct and indirect holders of “applicable partnership interests”.

Registered shareholders 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 show the distributions paid and the amounts designated as total ordinary dividends, eligible dividends, total capital gains, unrecovered section 1250 gains, ordinary section 897 dividends, section 897 capital gains, distributions without dividends and Section 199A dividends. If shares were held in “street name” in 2021, the IRS form will be provided by a bank, brokerage firm or agent. As the Company’s income tax return has not yet been filed for the year ended December 31, 2021, the distribution allocations presented here have been calculated using the best information available at this time.

The tax treatment of these distributions by state and local authorities varies and may not be the same as the treatment by the IRS. 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 their own tax advisors regarding the federal, state and local tax consequences of such distributions.

About UDR, Inc.

UDR, Inc. (NYSE: UDR), an S&P 500 company, is a leading multi-family real estate investment trust with a proven track record of delivering superior and reliable returns by successfully managing, buying, selling, developing and redeveloping attractive real estate communities in targeted US markets. As of September 30, 2021, UDR owned or held an interest in 56,325 apartments, including 1,417 under development. For more than 49 years, UDR has delivered long-term shareholder value, the highest level of service to residents and the highest quality experience to associates.