UDR (UDR) 10-Q 2011 Q1 Quarterly report

EXHIBIT 12.1

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

	Three months ended March 31,
	2011			2010
Loss from continuing operations	$	(29,627	)	$	(27,296	)
Add (from continuing operations):
Interest on indebtedness		39,966			36,100
Portion of rents representative of the interest factor		495			505
Earnings	$	10,834		$	9,309
Fixed charges and preferred stock dividend (from continuing operations):
Interest on indebtedness	$	39,966		$	36,100
Capitalized interest		2,603			3,947
Portion of rents representative of the interest factor		495			505
Fixed charges		43,064			40,552
Add:
Preferred stock dividend		2,368			2,379
Combined fixed charges and preferred stock dividend	$	45,432		$	42,931
Ratio of earnings to fixed charges		—			—
Ratio of earnings to combined fixed charges and preferred stock dividend		—			—

For the three months ended March 31, 2011, the ratio of earnings to fixed charges and the ratio of combined fixed charges and preferred stock dividends was deficient of achieving a 1:1 ratio by $32.2 million and $34.6 million, respectively.

For the three months ended March 31, 2010, the ratio of earnings to fixed charges and the ratio of combined fixed charges and preferred stock dividends was deficient of achieving a 1:1 ratio by $31.2 million and $33.6 million, respectively.