RICHMOND, Va., July 27, 2006 (PRIMEZONE) -- United Dominion Realty Trust, Inc. (NYSE:UDR) today announced that its Board of Directors declared a regular quarterly dividend on its Series B Preferred Stock for the third quarter of 2006 in the amount of $0.5375 per share. The preferred dividend is payable on August 31, 2006 to Series B preferred stock shareholders of record as of August 15, 2006.
About United Dominion Realty Trust, Inc.
United Dominion is the fourth largest apartment REIT, owning and operating apartment communities nationwide. At March 31, 2006, the Company owned 75,223 apartment homes and had 1,335 homes under development. The Company has raised the dividend on its common stock each of the last 30 years. United Dominion is included in the S&P MidCap 400 Index. Additional information about United Dominion may be found on its Web site at www.udrt.com.
Statements contained in this press release, which are not historical facts, are forward-looking statements, as the term is defined in the Private Securities Litigation Reform Act of 1995. You can identify these forward-looking statements by the Company's use of words such as, "expects," "plans," "estimates," "is considering," "projects," "intends," "believes," and similar expressions that do not relate to historical matters. Such forward-looking statements are subject to risks and uncertainties which can cause actual results to differ materially from those currently anticipated. All forward-looking statements in this press release are made as of today, based upon information known to management as of the date hereof. The Company assumes no obligation to update or revise any of its forward-looking statements even if experience or future changes show that indicated results or events will not be realized.