United Dominion Realty Trust Increases Dividend by 4.2%

United Dominion Realty Trust, Inc. has announced a 4.2% increase in its annual common stock dividend for 2006, marking its 30th consecutive year of dividend increases. The company's strong operating results and strengthening prospects for the future have led to this increase, which is the largest in over eight years. With a total annualized return to shareholders of over 17% since its inception in 1972, United Dominion Realty Trust continues to demonstrate its commitment to share its success with its shareholders.

Key Takeaways:

The company's Board of Directors has approved a 4.2% increase in its annual common stock dividend for 2006 to $1.25 per share.
This marks the company's 30th consecutive year of dividend increases, a record that transcends 132 quarters.
United Dominion Realty Trust has raised the dividend each of the last 30 years, demonstrating its commitment to share its success with its shareholders.
The company's strategy of creating value through focused operating performance, improved portfolio quality, and disciplined capital management has been successful, leading to a total annualized return to shareholders of over 17% since its inception in 1972.
The Company owns 74,875 apartment homes and has 1,335 homes under development as of December 31, 2005.
United Dominion Realty Trust is included in the S&P MidCap 400 Index.

Statistics:

4.2% increase in annual common stock dividend for 2006
$1.25 per share dividend for 2006
30th consecutive year of dividend increases
132 quarters of dividend payments
17% total annualized return to shareholders since inception in 1972
74,875 apartment homes owned as of December 31, 2005
1,335 homes under development as of December 31, 2005

Sources:

United Dominion Realty Trust, Inc. (NYSE:UDR)
Company's press release dated [Undisclosed]
Private Securities Litigation Reform Act of 1995
Securities and Exchange Commission (SEC)
Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q.