diff --git a/Assets/Example/Example.cs b/Assets/Example/Example.cs
index f043780..47981e9 100644
--- a/Assets/Example/Example.cs
+++ b/Assets/Example/Example.cs
@@ -9,6 +9,8 @@ public abstract class Food
     public string name;
 
     public float kcal;
+
+    public override string ToString () => $"{name} ({kcal} kcal)";
 }
 
 [Serializable]
@@ -89,6 +91,15 @@ public class Example : MonoBehaviour
         new Peach(),
         new Grape()
     };
+
+    // UseToStringAsLabel support on UNITY_2021_3_OR_NEWER
+    [SerializeReference, SubclassSelector(UseToStringAsLabel = true)]
+    private List<Food> foodsThree = new List<Food>
+    {
+        new Apple(),
+        new Peach(),
+        new Grape()
+    };
 }
 
 #if UNITY_EDITOR
@@ -126,4 +137,4 @@ public override float GetPropertyHeight (SerializedProperty property, GUIContent
         return EditorGUIUtility.singleLineHeight;
     }
 }
-#endif
\ No newline at end of file
+#endif
diff --git a/Assets/Example/Example.unity b/Assets/Example/Example.unity
index 09287f1..4cb36d4 100644
--- a/Assets/Example/Example.unity
+++ b/Assets/Example/Example.unity
@@ -260,9 +260,28 @@ MonoBehaviour:
   - rid: 9020349853700980772
   - rid: 9020349853700980773
   - rid: 9020349853700980774
+  foodsThree:
+  - rid: 7418200600248058228
+  - rid: 7418200600248058229
+  - rid: 7418200600248058230
   references:
     version: 2
     RefIds:
+    - rid: 7418200600248058228
+      type: {class: Apple, ns: , asm: Assembly-CSharp}
+      data:
+        name: Apple
+        kcal: 100
+    - rid: 7418200600248058229
+      type: {class: Peach, ns: , asm: Assembly-CSharp}
+      data:
+        name: Peach
+        kcal: 100
+    - rid: 7418200600248058230
+      type: {class: Grape, ns: , asm: Assembly-CSharp}
+      data:
+        name: Grape
+        kcal: 100
     - rid: 9020349853700980763
       type: {class: Apple, ns: , asm: Assembly-CSharp}
       data:
diff --git a/Assets/MackySoft/MackySoft.SerializeReferenceExtensions/Editor/SubclassSelectorDrawer.cs b/Assets/MackySoft/MackySoft.SerializeReferenceExtensions/Editor/SubclassSelectorDrawer.cs
index d4b787f..f1967e6 100644
--- a/Assets/MackySoft/MackySoft.SerializeReferenceExtensions/Editor/SubclassSelectorDrawer.cs
+++ b/Assets/MackySoft/MackySoft.SerializeReferenceExtensions/Editor/SubclassSelectorDrawer.cs
@@ -35,9 +35,22 @@ public TypePopupCache (AdvancedTypePopup typePopup, AdvancedDropdownState state)
 
         public override void OnGUI (Rect position, SerializedProperty property, GUIContent label)
         {
+            bool isManagedReference = property.propertyType == SerializedPropertyType.ManagedReference;
+#if UNITY_2021_3_OR_NEWER
+            // Prepare the label before BeginProperty captures it for rendering.
+            if (isManagedReference && ((SubclassSelectorAttribute)attribute).UseToStringAsLabel && !property.hasMultipleDifferentValues)
+            {
+                object managedReferenceValue = property.managedReferenceValue;
+                if (managedReferenceValue != null)
+                {
+                    label.text = managedReferenceValue.ToString();
+                }
+            }
+#endif
+
             EditorGUI.BeginProperty(position, label, property);
 
-            if (property.propertyType == SerializedPropertyType.ManagedReference)
+            if (isManagedReference)
             {
                 // Render label first to avoid label overlap for lists
                 Rect foldoutLabelRect = new Rect(position);
@@ -47,19 +60,6 @@ public override void OnGUI (Rect position, SerializedProperty property, GUIConte
                 //foldoutLabelRect = EditorGUI.IndentedRect(foldoutLabelRect);
                 Rect popupPosition = EditorGUI.PrefixLabel(foldoutLabelRect, label);
 
-#if UNITY_2021_3_OR_NEWER
-                // Override the label text with the ToString() of the managed reference.
-                var subclassSelectorAttribute = (SubclassSelectorAttribute)attribute;
-                if (subclassSelectorAttribute.UseToStringAsLabel && !property.hasMultipleDifferentValues)
-                {
-                    object managedReferenceValue = property.managedReferenceValue;
-                    if (managedReferenceValue != null)
-                    {
-                        label.text = managedReferenceValue.ToString();
-                    }
-                }
-#endif
-
                 // Draw the subclass selector popup.
                 if (EditorGUI.DropdownButton(popupPosition, GetTypeName(property), FocusType.Keyboard))
                 {