Udr, Inc. · NYSE:UDR

Udr — Investor Presentation (November 2017)

8 slides from Udr's investor presentation, Nov 14, 2017

1. Slide 1: Investor Relations

   Investor Relations: ‘Chris Van Ens 720.348.7762

2. Slide 2: Balance Sheet: Well Laddered Maturity Schedule

   BALANCE SHEET Well Laddered Maturity Schedule Aug Rate $600 $800 400 $300 $200 $100 so Strong Balance Sheet Key Balance Sheet Metrics Debt-to-Gross Asset Value Fixed Charge Coverage Ratio. Net Debt-to-EBITDA Senior Unsecured Note Covenants Debtasa percentage of Total Assets Consolidated income Avail

3. Slide 3: Balance Sheet Metrics: Strong Improvement Since 2009

   BALANCE SHEET METRICS Strong Improvement Since 2009 * Since the financial crisis, UDR has worked to improve the strength of our balance sheet. * Moving forward, improving operating fundamentals should continue to support additional organic deleveraging. * UDR will continue to have a preference for u

4. Slide 4: Unencumbered Pool Transformation Since 2009

   NENCUMBERED POO) UNENCUMBERED POOL TRANSFORMATION SINCE 2009 * $5.1B increase in the Unencumbered Pool, concentrated in Core Markets. * 83% of REO Unencumbered today versus 51% in 2009. * Total secured debt represents just 22% of total debt today, down from 58% in 4Q09. Unencumbered Pool Overview 4Q

5. Slide 5: NOTES

   NOTES

6. Slide 6: NOTES

   NOTES

7. Slide 7: NOTES

   NOTES

8. Slide 8: Investor Relations Contact

   Investor Relations Contact: Chris Van Ens cvanens@udr.com 720.348.7762

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