EXHIBIT 12

UDR, Inc.
Computation of Ratio of Earnings to Combined Fixed Charges and
Preferred Stock Dividends (Dollars in thousands)

	Three Months Ended March 31,
	2008			2007
Loss before discontinued operations, net of minority interests	$	(13,285	)	$	(13,241	)
Add (from continuing operations):
Interest on indebtedness		35,791			39,726
Minority interests		(1,067	)		(1,004	)
Portion of rents representative of the interest factor		425			200
Earnings	$	21,864		$	25,681
Fixed charges and preferred stock dividend (from continuing operations):
Interest on indebtedness	$	35,791		$	39,726
Capitalized interest		3,285			1,711
Portion of rents representative of the interest factor		425			200
Fixed charges		39,501			41,637
Add:
Preferred stock dividend		3,209			3,842
Combined fixed charges and preferred stock dividend	$	42,710		$	45,479
Ratio of earnings to fixed charges		—			—
Ratio of earnings to combined fixed charges and preferred stock dividend		—			—

For the three months ended March 31, 2008 and 2007, the ratio of earnings to fixed charges was deficient of achieving a 1:1 ratio by $17.6 million and $16.0 million, respectively.

For the three months ended March 31, 2008 and 2007, the ratio of earnings to combined fixed charges and preferred stock dividend was deficient of achieving a 1:1 ratio by $20.8 million and $19.8 million, respectively.