EXHIBIT 12

                       UNITED DOMINION REALTY TRUST, INC
           COMPUTATION OF RATIO OF EARNINGS TO COMBINED FIXED CHARGES
                         AND PREFERRED STOCK DIVIDENDS
                             (DOLLARS IN THOUSANDS)





                                               Three Months  Three Months   Six Months    Six Months
                                                   Ended         Ended         Ended         Ended
                                                  June 30,      June 30,      June 30,      June 30,
                                                    1994          1995          1994          1995
                                                                                
Income before extraordinary item                  $ 4,067       $11,569       $ 7,482       $17,719

Add:
  Portion of rents representative
    of the interest factor                             39            43            61            90
  Interest on indebtedness                          5,890        10,135        10,621        20,589
  Other                                                 -             -           450            -

    Earnings                                      $ 9,996       $21,747       $18,614       $38,398

Add/(Deduct):
  Depreciation on real estate                       6,238         9,493        11,877        18,549
  Gains on the sales of real estate owned               -        (4,576)            -        (4,639)

    Funds from operations, as adjusted            $16,234       $26,664       $30,491       $52,308


Fixed charges and preferred stock dividend:
  Interest on indebtedness                        $ 5,890       $10,135       $10,621       $20,589
  Portion of rents representative
    of the interest factor                             39            43            61            90
    Fixed charges                                   5,929        10,178        10,682        20,679
Add:
  Preferred stock dividend                              -         1,781             -         1,781

     Combined fixed charges and preferred
      stock dividend                              $ 5,929       $11,959       $10,682       $22,460

Ratio of earnings to fixed charges                   1.69 x        2.14 x        1.74 x        1.86 x

Ratio of earnings to combined fixed
     charges and preferred stock dividend            1.69 x        1.82 x        1.74 x        1.71 x

Ratio of funds from operations to fixed charges      2.74          2.62          2.85          2.53

Ratio of funds from operations to combined
     fixed charges and preferred stock dividend      2.74          2.23          2.85          2.33