UDR不动产信托美股招股说明书(2026-02-20版)

Medium-Term Notes, SeriesA Due Nine Months or More from Date of Issue, Fully and Unconditionally Guaranteed by United Dominion Realty, L.P. The following terms will generally apply to the medium-term notes that we will sell from time to time usingthis prospectus supplement and the attached prospectus. ●Ranking as senior indebtedness under the company’s senior indenture and fully and unconditionallyguaranteed by our subsidiary, United Dominion Realty, L.P., a Delaware limited partnership●Mature nine months or more from the date of issue●May be subject to redemption at our option or repurchase at the option of the holder●Fixed or floating interest rate.The floating interest rate formula may be based on:●CMT rate●Commercial paper rate●Eleventh district cost of funds rate●Federal funds rate●SOFR●Prime rate●Treasury rate●Another rate or formula set forth in the applicable pricing supplement●Fixed rate notes may bear no interest when issued at a discount from the principal amount due at maturity●Certificated or book-entry form●Payments in U.S.dollars or one or more foreign currencies●Interest paid on fixed rate notes and floating rate notes will be paid on the dates specified in the pricingsupplement●Minimum denominations of $1,000 and integral multiples of $1,000, or other specified denominations forforeign currencies The final terms of each note will be specified in the applicable pricing supplement which may be different fromthe terms described in this prospectus supplement. Investing in the notes involves risks. See “Risk Factors” beginning on S-4 of this prospectus supplementand on page3 of the accompanying prospectus and the risks set forth under the caption “Item 1A. RiskFactors” included in our most recent annual report on Form 10-K or quarterly report on Form 10-Q and otherperiodic filings with the Securities and Exchange Commission, or SEC, which are incorporated by referenceherein. Neither the SEC nor any state securities commission has approved or disapproved of these securities orpassed upon the adequacy or accuracy of this prospectus supplement, the accompanying prospectus or anypricing supplement. Any representation to the contrary is a criminal offense. Unless otherwise specified in the applicable pricing supplement, the pricing terms of the notes will be: We may sell notes to the agents referred to below as principal for resale at varying or fixed offering prices orthrough the agents as agent using their reasonable efforts on our behalf. We may also sell notes without the assistanceof any agent. TABLE OF CONTENTS Prospectus Supplement Statement Regarding Forward-Looking InformationAbout this Prospectus SupplementRisk FactorsDescription of NotesSpecial Provisions Relating to Foreign Currency NotesMaterial U.S. Federal Income Tax ConsequencesPlan of DistributionWhere You Can Find More InformationIncorporation of Certain Documents By ReferenceLegal Matters Prospectus About this ProspectusOur CompanyRisk FactorsUse of ProceedsDescription of SecuritiesDescription of Capital StockDescription of Preferred StockDescription of Depositary SharesDescription of Debt SecuritiesDescription of Guarantees of the Debt SecuritiesDescription of WarrantsDescription of Subscription RightsDescription of Purchase Contracts and Purchase UnitsMaterial U.S. Federal Income Tax ConsequencesSelling Security HoldersPlan of DistributionLegal MattersExpertsCautionary Statement Regarding Forward-Looking StatementsWhere You Can Find More Information STATEMENT REGARDING FORWARD-LOOKING INFORMATION This prospectus supplement, the accompanying prospectus and the documents incorporated by referencein this prospectus supplement and the accompanying prospectus, include statements about future events andexpectations that constitute forward-looking statements. Such forward-looking statements include, withoutlimitation, statements concerning property acquisitions and dispositions, development activity and capitalexpenditures, capital raising activities, rent growth, occupancy and rental expense growth. Words such as“expects,” “anticipates,” “intends,” “plans,” “likely,” “will,” “believes,” “seeks,” “estimates,” and variations ofsuch words and similar expressions are intended to identify such forward-looking statements. Such statementsinvolve known and unknown risks, uncertainties and other factors which may cause our actual results,performance or achievements to be materially different from the results of operations or plans expressed orimplied by such forward-looking statements. Although we believe that the assumptions underlying suchforward-looking statements are reasonable, any of the assumptions could be inaccurate, and therefore suchstatements may not prove to be accurate. In light of the significant uncertainties inherent in the forward-lookingstatements included herein, the inclusion of such information should not be regarded as a representation by us orany other person that the results or conditions described in su