Umh Pptys Inc Stock Price, News & Analysis

UMH Properties, Inc. (NYSE: UMH) has expanded its Board of Directors from 11 to 12 members, appointing Angela D. Pruitt as a Class II Director effective September 22, 2021. Pruitt brings over 20 years of global communications experience, including a significant tenure at the Wall Street Journal/Dow Jones. Her expertise includes crisis communications and media relations. President Samuel A. Landy expressed confidence in Pruitt's contributions during the company's growth phase. UMH operates 127 manufactured home communities across various states, managing approximately 24,000 homesites.

UMH Properties has been recognized with two prestigious awards from the Manufactured Housing Institute. On August 9, 2021, it was named Community Operator of the Year and its Redbud Sales Center in Anderson, Indiana received the Retail Sales Center of the Year Award for the second consecutive year. President Samuel A. Landy expressed pride in these achievements, attributing them to the efforts of their dedicated staff and highlighting their ongoing commitment to providing affordable housing across various states, including New Jersey, New York, and Ohio.

UMH Properties, Inc. (NYSE:UMH) reported a 22% increase in Total Income for Q2 2021, reaching $49.0 million compared to $40.1 million in Q2 2020. However, Net Income attributable to common shareholders decreased to $8.4 million or $0.18 per diluted share from $10.2 million or $0.25 per diluted share a year prior. Funds from Operations rose to $9.9 million or $0.21 per diluted share, up from $7.1 million or $0.17 in 2020. The company increased its rental home portfolio by 4% to approximately 8,600 units.

UMH Properties, Inc. (NYSE:UMH) announced on July 1, 2021, the declaration of its quarterly cash dividend of $0.19 per share, payable on September 15, 2021, to shareholders of record by August 16, 2021. This dividend brings the annual rate to $0.76 per share.

The company also declared dividends for its 6.75% Series C and 6.375% Series D Cumulative Redeemable Preferred Stock, at $0.421875 and $0.3984375 per share respectively, also payable on September 15, 2021. UMH operates 127 manufactured home communities across several states.

UMH Properties, Inc. (NYSE: UMH) will host a webcast and conference call on August 5, 2021, at 10:00 a.m. ET to discuss its Second Quarter 2021 Financial Results, which will be released on August 4, 2021, after market close. The call will cover financial results, market conditions, and future outlook. Participants can access the webcast via www.umh.reit. The company operates 127 manufactured home communities across multiple states, with around 24,000 homesites.

UMH Properties, Inc. (NYSE:UMH) reported having 46,853,371 shares outstanding as of June 7, 2021, an increase attributed to its Common Stock At-The-Market (ATM) Sales Program.

CEO Samuel A. Landy announced a milestone of over $1 billion in equity market capitalization, aiming to improve liquidity for shareholders. The company operates 127 manufactured home communities across various states and holds a portfolio of REIT securities.

UMH Properties has announced that its senior management team will participate in Nareit’s REITweek: 2021 Virtual Investor Conference. Scheduled for June 9, 2021, at 11:00 a.m. Eastern Time, the presentation will be led by President and CEO Samuel A. Landy, CFO Anna T. Chew, and Chairman Eugene W. Landy. Interested parties can register for live and on-demand access via the REITweek website. UMH operates 127 manufactured home communities across nine states and is a public equity REIT.

UMH Properties, Inc. has successfully acquired a manufactured home community in Sandusky, Ohio for approximately $10.3 million. The community, named Bayshore Estates, features 206 homesites with an occupancy rate of around 86%. This acquisition aligns with UMH's strategy in Ohio, a strong-performing market for the company. Plans are in place to enhance the community's infrastructure and increase occupancy through additional home rentals and sales. UMH Properties operates 127 communities across multiple states.

UMH Properties, Inc. (NYSE:UMH) reported significant financial improvements for Q1 2021, with total income reaching $43.1 million, a 15% increase from Q1 2020's $37.6 million. The company posted a net income of $6.8 million per diluted share, up from a net loss of $42.8 million. Funds from Operations (FFO) increased to $8.4 million ($0.19 per share), while Normalized FFO rose by 43%. Rental income climbed 13%, and occupancy rates improved to 95.4%. The quarterly dividend was raised by 5.5% to $0.19 per share.