UDR, Inc. — Director's Dealing 2005

Feb 14, 2005

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: UNITED DOMINION REALTY TRUST INC (UDR)
CIK: 0000074208
Period of Report: 2004-12-31

Reporting Person: GROVE JON A (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2004-09-14	Common Stock	G	625	—	Disposed	235170	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2004-12-31	Warrants (Right to buy)	$0	J	8116	Acquired	2014-12-31	Common Stock (8116)	Direct

Footnotes

F1: KEYSOP Shares acquired through Dividend Reinvestment Plan