United Dominion Realty Trust, Inc. (NYSE: UDR) today announced that its Board of Directors declared a regular quarterly dividend on its common stock for the fourth quarter of 2005 in the amount of $0.30 per share, payable on January 31, 2006, to common stock shareholders of record as of January 13, 2006.


The Board of Directors also declared a regular quarterly dividend on its Series B Cumulative Redeemable Preferred Stock for the first quarter of 2006 in the amount of $0.5375 per share. The preferred dividend is payable on February 28, 2006, to Series B preferred stock shareholders of record as of February 15, 2006.

The Board of Directors also declared a regular quarterly dividend on its Series E Cumulative Convertible Preferred Stock for the fourth quarter of 2005 in the amount of $0.3322 per share. The preferred dividend is payable on January 31, 2006, to Series E cumulative convertible preferred stock shareholders of record as of January 13, 2006.

About United Dominion Realty Trust, Inc.

United Dominion is the fourth largest apartment REIT, owning and operating apartment communities nationwide. The Company has a 32-year history during which it has raised the dividend each of the last 29 years. United Dominion is included in the S&P MidCap 400 Index. The Company currently owns 74,954 apartment homes and has 1,335 homes currently under development. 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.


United Dominion Realty Trust
Larry Thede, 720-283-2450