UDR Investor Presentation

10% Percent of Move Outs to Buy or Rent a Single-Family Home 0% 5% RESIDENT ATTRIBUTES AND TRENDS Resident Age Distribution (1) Balanced resident composition minimizes risk of exposure to specific age cohorts. Resident Turnover since 2018 30% 25% 23% Average Resident Age: Median Resident Age: 35 27% 31 24% 22% 20% 18% 17% 18% 18% 17% 16% 15% 10% 5% 0% Under 25 25-29 30-34 35-44 Pre-COVID: Feb 2020 Current 45+ Robust demand and our focus on resident satisfaction has helped drive a 300 basis point decrease in trailing-twelve-month ("TTM") turnover versus pre-COVID levels. Resident move outs to buy (5%) or rent (1%) a single-family home during 1Q 2023 totaled 6%, or approximately 50% below historic norms. 15% 50% 2Q 2018 3Q 2018 4Q 2018 1Q 2019 (1) Distribution Move Outs to Buy Home is based on residents who are signees on a lease. Source: Company documents. 2Q 2019 3Q 2019 4Q 2019 1Q 2020 2Q 2020 3Q 2020 4Q 2020 1Q 2021 Move Outs to Rent Home 2Q 2021 3Q 2021 4Q 2021 1Q 2022 2Q 2022 3Q 2022 TTM Resident Turnover Rate 4Q 2022 1Q 2023 13 41% 47% TTM Resident Turnover 44%

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