UDR, Inc. formerly United Dominion Realty Trust, Inc., operates as a self-administered equity real estate investment trust (REIT). It owns, acquires, renovates, develops, and manages middle-market apartment communities. The company targets young professionals, blue-collar families, single parent households, older singles, immigrants, and non related parties.
UDR is a dividend champion as well as a component of the S&P 1500 index. It has been increasing its stock dividends for the past 31 consecutive years. From the end of 1997 up until August 2008 this dividend stock has delivered an annual average total return of 15% to its shareholders.
Disclosure: I do not own shares of UDR
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