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Umh Pptys Inc - UMH STOCK NEWS

Welcome to our dedicated page for Umh Pptys news (Ticker: UMH), a resource for investors and traders seeking the latest updates and insights on Umh Pptys stock.

Overview

UMH Properties Inc. (UMH) is a specialized real estate investment trust (REIT) focused on the ownership, operation, and management of manufactured home communities in a diversified portfolio spanning several states in the Northeast and surrounding regions. The company has established itself as a stalwart in the residential real estate landscape by offering a blend of affordable housing solutions and stable, recession-resistant income streams. Its expert management of these communities and integrated approach to residential leasing and manufactured home sales reflect deep industry knowledge and a commitment to maintaining a resilient asset base.

Company History and Market Position

Founded with a long-standing history in the real estate market, UMH Properties Inc. has evolved its business model from a focus solely on property ownership to a multifaceted approach that capitalizes on both leasing and sales. Having been publicly traded for several decades, the company emphasizes a balance between preserving long-term capital appreciation and meeting the immediate needs of its residents. This dual approach underscores its position as a stable provider of affordable housing and strategic asset management, giving investors insight into its dedication to operational excellence and enduring market relevance.

Business Model and Operational Strategy

UMH operates by acquiring, developing, and managing manufactured home communities. Its revenue streams are generated through:

  • Residential Leasing: The company earns consistent income by leasing manufactured home sites and, in some cases, the homes themselves, ensuring long-term occupancy and stable cash flows.
  • Manufactured Home Sales and Finance: Through its wholly-owned subsidiary, UMH Sales and Finance, Inc., the company facilitates sales and financing options for manufactured homes, supplementing its traditional leasing income. This subsidiary plays a crucial role in expanding the company’s service offerings by providing residents with flexible purchasing options.
  • Community Infrastructure: The ownership and maintenance of the community infrastructure, including land, utility connections, streets, lighting, driveways, and other capital improvements, are vital in preserving the value and appeal of each community. These investments contribute directly to the operational sustainability and attractiveness of the properties.

The company leverages its expertise in property management, resident services, and financial structuring to enhance the long-term value of its assets while mitigating risks typically associated with cyclical economic downturns.

Manufactured Home Communities

At the core of UMH Properties Inc.'s operations are its manufactured home communities, which are designed to offer residents a blend of private home ownership and the benefits of communal infrastructure. These communities feature well-maintained common areas, essential utilities, and various on-site amenities that contribute to a high standard of residential living. The strategic selection of locations and the robust management practices allow the company to maintain stable occupancy rates and appeal to a broad demographic looking for affordable yet quality living solutions.

Subsidiary Operations: UMH Sales and Finance, Inc.

A key extension of UMH Properties Inc.'s business model is its subsidiary focused on home sales and financing. This arm of the company not only facilitates the sale of manufactured homes to current and prospective residents but also provides financing solutions designed to ease the purchasing process. The integration of sales and financing into the broader operational framework enhances the overall value proposition to customers, ensuring a seamless experience from home selection to financial planning.

Competitive Landscape and Risk Management

Operating in a niche segment of the real estate market, UMH Properties Inc. competes with other REITs and housing providers that focus on manufactured homes and affordable residential living. The company sets itself apart through its deep-rooted experience in community management, its integrated sales and finance subsidiary, and a comprehensive approach to property and asset management. While the market faces challenges such as regulatory shifts and regional economic variations, UMH effectively manages these risks through diversification of its portfolio and a steadfast focus on operational discipline.

Operational Excellence and Community Impact

The success of UMH Properties Inc. lies in its consistent attention to the quality of its communities and the value delivered to residents. By investing in infrastructure and maintaining high standards of community management, the company ensures that its properties remain attractive, functional, and competitive in the affordable housing market. This holistic strategy not only supports sustained property values but also reinforces a reputation built on stability and thoughtful management practices.

Industry-Specific Insights

In the broader context of real estate investment, manufactured home communities are recognized as a distinct asset class that offers resilience during economic downturns. The inherent recession-resistant nature of manufactured housing, combined with the structured income from long-term leases, makes UMH Properties Inc.'s business model particularly appealing for investors seeking stability. The company employs industry-specific practices in asset management and risk mitigation, ensuring that its portfolio is both robust and adaptable to market fluctuations.

Conclusion

UMH Properties Inc. embodies the principles of sophisticated asset management within the manufactured home community sector. Its integrated approach—combining residential leasing, home sales, and dedicated infrastructure management—demonstrates a commitment to quality and long-term value. With decades of operational experience and a resilient business model, UMH continues to serve as an informative case study in balancing growth with stability in a specialized sector of the real estate market.

Rhea-AI Summary

UMH Properties (NYSE:UMH) has announced it will host its First Quarter 2025 Financial Results Webcast and Conference Call on May 2, 2025, at 10:00 a.m. Eastern Time. The company's Q1 2025 results will be released on May 1, 2025, after NYSE trading closes.

The REIT, established in 1968, specializes in manufactured home communities and currently owns and operates 139 communities with approximately 26,300 developed homesites. Of these, 10,300 sites contain rental homes. The company also manages over 1,000 self-storage units. The communities span across multiple states including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida, and Georgia. Two communities in Florida, comprising 363 sites, are operated through a joint venture with Nuveen Real Estate.

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UMH Properties (NYSE:UMH) reported strong financial results for Q4 and full-year 2024. Total Income increased 9% to $240.6 million for 2024, compared to $220.9 million in 2023. The company achieved Net Income of $2.5 million ($0.03 per diluted share) in 2024, improving from a loss of $8.7 million in 2023.

Key highlights include:

  • Normalized FFO increased 27% to $69.5 million ($0.93 per diluted share)
  • Same Property NOI grew 10%
  • Same Property Occupancy improved to 87.8%
  • Sales of Manufactured Homes increased 8%

The company expanded its credit facility by $80 million to $260 million and raised its quarterly dividend by 4.9% to $0.215 per share. UMH issued guidance for 2025, projecting Normalized FFO between $0.96-$1.04 per diluted share, representing 7.5% growth at the midpoint.

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UMH Properties has released its tax treatment details for 2024 distributions. For common shares, the total distribution was $0.850 per share, comprising 19.63% non-qualifying ordinary income ($0.166853) and 80.37% return of capital ($0.683147). The 6.375% Series D Preferred shares received total distributions of $1.59375 per share, classified as 100% non-qualifying ordinary income.

The company also disclosed dividend reinvestment plan discounts throughout 2024, with discount values ranging from $0.510 to $0.965 per share. UMH operates 139 manufactured home communities with approximately 26,200 developed homesites, including 10,300 rental homes and over 1,000 self-storage units across multiple states.

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UMH Properties (NYSE:UMH) has announced it will host its Fourth Quarter and Full Year 2024 Financial Results Webcast and Conference Call on February 27, 2025, at 10:00 a.m. Eastern Time. The company will release its results on February 26, 2025, after NYSE trading closes.

UMH Properties is a REIT specializing in manufactured home communities. The company owns and operates 139 manufactured home communities with approximately 26,200 developed homesites, including 10,300 rental homes and over 1,000 self-storage units. These communities span across 12 states, with two Florida communities (363 sites) operated through a joint venture with Nuveen Real Estate.

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UMH Properties (NYSE:UMH) announced on January 7, 2025, that its Board of Directors has declared quarterly dividends for both common and preferred stockholders. The company will pay a quarterly cash dividend of $0.215 per share on its Common Stock, maintaining an annual dividend rate of $0.86 per share.

Additionally, a quarterly dividend of $0.3984375 per share was declared on the company's 6.375% Series D Cumulative Redeemable Preferred Stock. Both dividends will be payable on March 17, 2025, to shareholders of record as of February 18, 2025.

UMH Properties, established in 1968, operates 139 manufactured home communities with approximately 26,200 developed homesites, including 10,300 rental homes and over 1,000 self-storage units across 12 states. Two communities in Florida, comprising 363 sites, are operated through a joint venture with Nuveen Real Estate.

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UMH Properties reported strong performance for Q4 and full-year 2024, achieving an equity market capitalization over $1.5 billion. The company's share price increased 24% from $15.25 to $18.88, delivering a total shareholder return of 30% including $0.85 in dividends.

Key operational highlights include: conversion of 565 new homes to rental units in 2024 (122 in Q4), reaching approximately 10,300 rental homes with 94% occupancy; gross home sales revenue increased 9% to $8.4 million in Q4 and 4% to $32.6 million for the full year; overall occupancy increased by 280 units to 88% in 2024.

The company raised significant capital through its ATM program, selling 12.5 million shares at an average price of $17.92, generating $224.5 million. January 2025 rental and related charges increased by 9%, projecting approximately $210 million in annual rental revenue.

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UMH Properties reported strong Q3 2024 financial results with Total Income of $60.7 million, up 8% year-over-year. Net Income improved to $8.2 million ($0.11 per diluted share) compared to a loss of $5.8 million in Q3 2023. Normalized FFO reached $18.5 million ($0.24 per diluted share), a 9% increase per share. Key operational highlights include 8% growth in rental income, 10% increase in manufactured home sales, and 7% growth in Community NOI. The company raised significant capital through ATM programs, selling common and preferred stock, and updated its 2024 normalized FFO guidance to $0.92-$0.94 per diluted share.

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UMH Properties announced the acquisition of a 246-unit self-storage facility in Anderson, Indiana, bringing its total self-storage portfolio to over 1,000 units. The newly acquired facility is located adjacent to one of UMH's existing communities. The company operates 139 manufactured home communities with approximately 26,200 developed homesites, including 10,300 rental homes. These communities span across 12 states, with two Florida communities (363 sites) operated through a joint venture with Nuveen Real Estate.

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UMH Properties, Inc. (NYSE: UMH) (TASE: UMH), a REIT specializing in manufactured home communities, has released its Q3 2024 operations update. Key highlights include:

- Equity market capitalization exceeded $1.5 billion
- Converted 179 new homes to revenue-generating units
- Owns ~10,300 rental homes with 94.4% occupancy
- Sold 100 homes, including 32 new home sales
- Gross home sales revenue increased 10% to $8.7 million
- Year-to-date overall occupancy increased by 235 units to 87%
- September 2024 rental and related charges increased by ~8%
- Annualized monthly rent roll generating $206 million
- Issued 5.7 million shares through ATM program, raising $108.4 million

The company expects continued organic growth and increased demand for affordable housing due to Hurricane Helene's impact.

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UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) has reported on the impact of Hurricane Helene on its manufactured housing communities portfolio. The company experienced minor damage to communities in Florida, Alabama, South Carolina, Georgia, Tennessee, and Ohio, primarily due to high winds and heavy rain. President and CEO Samuel A. Landy emphasized that the damage demonstrates the quality and durability of their homes.

All residents and employees are safe, and UMH is taking measures to clean up and repair any marginal damages. The company does not expect the storm's effects to have a material impact on operations or financial results. UMH Properties owns and operates 136 manufactured home communities with approximately 25,800 developed homesites across 11 states, plus an ownership interest in two Florida communities through a joint venture with Nuveen Real Estate.

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FAQ

What is the current stock price of Umh Pptys (UMH)?

The current stock price of Umh Pptys (UMH) is $18.23 as of March 17, 2025.

What is the market cap of Umh Pptys (UMH)?

The market cap of Umh Pptys (UMH) is approximately 1.5B.

What is the primary business focus of UMH Properties Inc.?

UMH Properties Inc. primarily operates as a REIT that owns and manages manufactured home communities, providing residential leasing options and integrated services.

How does UMH generate its revenue?

The company generates revenue through leasing of manufactured home sites and properties, as well as through its subsidiary which facilitates home sales and financing, ensuring multiple income streams.

What distinguishes manufactured home communities as an asset class?

Manufactured home communities offer long-term appreciation and stability due to their affordable housing model and resilience during economic downturns, making them a recession-resistant asset class.

What role does the subsidiary UMH Sales and Finance, Inc. play in the business?

UMH Sales and Finance, Inc. supports the overall business model by facilitating the sale and financing of manufactured homes, complementing the leasing operations and adding to the company’s service portfolio.

In which geographical regions does UMH operate?

UMH Properties Inc. operates across several states in the Northeast and surrounding regions, where it has developed a diversified portfolio of manufactured home communities.

How does UMH manage risks associated with its operations?

UMH manages risks by diversifying its portfolio, maintaining a robust property management strategy, and focusing on the inherent stability of its manufactured home communities.

What are the key benefits for residents in UMH communities?

Residents benefit from high-quality community infrastructure, affordable housing options, and the combination of residential leasing with the option to purchase homes through integrated financing solutions.

How does UMH maintain its competitive position in the market?

UMH stays competitive through expertise in property management, an integrated business approach that combines leasing and home sales, and a focus on ensuring the long-term value and stability of its communities.
Umh Pptys Inc

NYSE:UMH

UMH Rankings

UMH Stock Data

1.50B
77.37M
6.27%
78.01%
2.28%
REIT - Residential
Real Estate Investment Trusts
Link
United States
FREEHOLD