UDR, Inc. (UDR) Risk Factors

Recent key developments

Concrete developments — dated events, named agreements and instruments, legal proceedings — that UDR, Inc. surfaced in its latest filing.

• Section 122 tariffs are currently in effect
• For the six months ended June 30, 2026, approximately 75.0% of total NOI was generated from communities in Metropolitan D.C. (17.0%), Boston, MA (11.5%), Orange County, CA (11.2%), San Francisco Bay Area (9.3%), Dallas, TX (8.8%), New York, NY (6.1%), Tampa, FL (5.1%), and Seattle, WA (5.2%)June 30, 2026
• As of June 30, 2026, active unconsolidated joint ventures and partnerships with a total equity investment of $728.8 millionJune 30, 2026
• Named as a defendant in antitrust cases alleging violations by RealPage, Inc. and various owners or managers of multifamily housing; cases consolidated in the United States Court for the Middle District of Tennessee; similar allegations filed by the District of Columbia, the State of Maryland and the State of Washington
• In 2023, Montgomery County, Maryland enacted rent control2023
• In 2024, the State of New York passed the Good Cause Eviction Law2024
• In 2024, the City of Salinas, California passed a rent stabilization ordinance2024
• In 2025, the State of Washington enacted statewide rent control2025
• In July 2026, the DownREIT Partnership was liquidated and its assets were acquired by the Operating Partnership; outstanding DownREIT Units were exchanged for two new classes of units in the Operating PartnershipJuly 2026
• As of June 30, 2026, approximately $693.0 million of variable rate indebtedness outstanding, representing 11.9% of total outstanding indebtednessJune 30, 2026
• Claims have been asserted against the company under the Americans with Disabilities Act
• Past disagreements over ground lease rent reset provisions have gone to arbitration and were resolved adversely to us
• We have experienced cybersecurity breaches in the past, though none to date have been material