UDR, Inc. — Director's Dealing 2006

Jan 10, 2006

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: UNITED DOMINION REALTY TRUST INC (UDR)
CIK: 0000074208
Period of Report: 2006-01-10

Reporting Person: GENRY CHRISTOPHER D (Executive Vice President)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2006-01-10	Common Stock	M	27500	$12.23	Acquired	128577	Direct
2006-01-10	Common Stock	S	27500	$25	Disposed	101077	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2006-01-10	Stock Options (Right to buy)	$12.23	M	27500	Disposed	2011-04-02	Common Stock (27500)	Direct

Footnotes

F1: The sales reported on this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on December 2, 2005.