UDR Announces New "At The Market" Equity Offering Program

UDR, Inc. UDR today announced that the company has entered into a new “At The Market” Equity Offering Program through which it could sell up to twenty million common shares. The shares would be offered from time to time through BofA Merrill Lynch, Citi, Credit Suisse and J.P. Morgan who will be acting as sales agents. Year to date, the Company raised approximately $102.4 million of equity through the sale of all the remaining 4.4 million shares under its previous ATM program at a weighted average net price of $23.30 per share.