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.
UMH Properties Inc. (UMH) is a real estate investment trust specializing in manufactured home communities across the Northeast and surrounding regions. This page delivers timely updates on UMH's dual revenue streams from residential leasing and home sales through its subsidiary, UMH Sales and Finance, Inc., offering investors a comprehensive view of its recession-resistant business model.
This resource provides stakeholders with critical insights into UMH's operational milestones, financial performance, and strategic initiatives. Track announcements ranging from quarterly earnings to community expansions, all curated to support informed decision-making without speculative commentary.
Key coverage areas include earnings releases, property acquisitions, regulatory updates, and industry analysis relevant to manufactured housing. Content emphasizes UMH's role in affordable housing and its disciplined approach to asset management, reflecting the company's commitment to long-term value creation.
Bookmark this page for streamlined access to UMH's latest developments. Combine regular visits with broader market research to maintain a nuanced understanding of this REIT's position within the residential real estate sector.
UMH Properties, Inc. announced a 2.5% increase in its quarterly common stock dividend, raising it from $0.20 to $0.205 per share. This dividend is payable on March 15, 2023, to shareholders of record by February 15, 2023, equating to an annual rate of $0.82 per share. President Samuel A. Landy highlighted that this marks the third consecutive annual increase and indicates the company's strong earnings potential following the redemption of preferred stock and solid operating performance. The company aims for continued demand and potential future dividend growth.
UMH Properties, Inc. (NYSE: UMH) announced a quarterly dividend of $0.3984375 per share, effective for the period from December 1, 2022 to February 28, 2023. This dividend will be paid on March 15, 2023, to shareholders of record as of February 15, 2023. The Series D preferred share dividends are cumulative and paid quarterly, totaling an annual rate of $1.59375 per share. UMH operates 134 manufactured home communities across several states, encompassing approximately 25,600 developed homesites.
UMH Properties announced the acquisition of a manufactured home community in Jackson, New Jersey, for $23 million. This acquisition includes 260 developed homesites, with a high occupancy rate of 98%. The investment is expected to enhance operating efficiencies and drive improved results. The community is strategically located near UMH's corporate office and another property they have operated for over 53 years. In 2022, UMH also acquired six communities for a combined $86.3 million, totaling around 1,500 sites.
UMH Properties has completed the acquisition of Fohl Village, a manufactured home community in Canton, Ohio, for $19.1 million. This community features 321 homesites, with a 77% occupancy rate. The acquisition aligns with UMH's growth strategy, adding to the six communities purchased year-to-date, totaling $63 million and comprising 1,226 sites with a 59% blended occupancy.
CEO Samuel A. Landy notes strong potential for value increase through occupancy growth and operational improvements.
UMH Properties, Inc. (UMH) reported a total income of $51.9 million for Q3 2022, an 8% increase from $48.0 million in Q3 2021. However, the company faced a net loss attributable to common shareholders of $9.7 million or $0.18 per diluted share, widening from $3.4 million or $0.07 per diluted share a year earlier. Normalized FFO for the quarter was $11.7 million or $0.21 per share, slightly below $11.1 million or $0.23 last year. The company increased its rental home portfolio and saw a 16% growth in manufactured home sales.
UMH Properties, Inc. (NYSE:UMH) will present at the Philadelphia Securities Association (PSA) on October 26, 2022. CEO Samuel A. Landy will lead the presentation, which includes a Q&A session. The luncheon starts at 11:30 a.m. ET and will take place at the Union League of Philadelphia. Attendees can access presentation materials on the company's website at www.umh.reit. UMH owns and operates 132 manufactured home communities with approximately 25,000 developed homesites across multiple states, including New Jersey, New York, and Ohio.
UMH Properties, Inc. (NYSE:UMH) has announced its Third Quarter 2022 Financial Results Webcast scheduled for November 9, 2022, at 10:00 a.m. ET. The financial results will be released after market close on November 8, 2022, and will be accessible on the company’s website. Senior management will discuss results, current market conditions, and future outlook during the call. UMH operates 132 manufactured home communities with approximately 25,000 developed homesites across several states, including New Jersey and New York.
UMH Properties, Inc. reported on the impact of Hurricane Ian on its manufactured housing community in Sebring, Florida. President Samuel A. Landy stated that despite the hurricane's strength, the community suffered minimal damage, with no injuries reported among residents or employees. Some homes experienced minor damage, while assistance efforts for displaced individuals are underway. The company plans to accelerate the development of new homes in Florida to address urgent housing needs.
UMH Properties has declared a quarterly cash dividend of $0.20 per share on its Common Stock, payable on December 15, 2022, to shareholders of record by November 15, 2022. The annual dividend rate for the Common Stock totals $0.80 per share.
Additionally, a quarterly dividend of $0.3984375 per share has been announced for the Series D Cumulative Redeemable Preferred Stock, also payable on December 15, 2022, with an annual rate of $1.59375 per share.
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