Udr, Inc. · NYSE:UDR

Udr — Investor Presentation (June 2018)

8 slides from Udr's investor presentation, Jun 4, 2018

1. Slide 1: Investor Relations

   Ps Investor Relations: Chris Van Ens 720.348.7762

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

   BALANCE SHEET 2 Well Laddered Maturity Schedule CONSOLIDATED DEBT MATURITY SCHEDULE WITH EXTENSIONS AS OF 3/31/2018 ‘Aug Rate 2.38% 4.65% 3.87% 2.15% 4.62% 3.47% 3.99% 4.26% 2.90% 3.50% © 3.50% © 1.80% se00 $3.78 Total Debt 3.7% Avg Rate 13% 5.1 Yr Aug Tem $500 al 12% 1196 11% $428 soo slot s400 o%

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

   UNENCUMBERED POOL ‘ UNENCUMBERED POOL TRANSFORMATION SINCE 2009 * $5.3B 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. Inencumbered Pool Overview

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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