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. reported significant financial growth for the year ending December 31, 2021, with Total Income reaching $186.1 million, up 14% from $163.6 million in 2020. The net income attributable to common shareholders surged to $21.2 million or $0.45 per diluted share, reversing a $29.8 million loss in 2020. Funds from Operations (FFO) increased 49% year-over-year to $39.1 million. The company also improved occupancy rates and acquired new communities, indicating strategic growth. Additionally, UMH raised its dividend for two consecutive years, showcasing strong shareholder returns.
UMH Properties (NYSE:UMH) announced its common stock will be listed on the Tel Aviv Stock Exchange (TASE) starting February 9, 2022. This dual listing marks the company as the first NYSE-listed REIT to do so. UMH’s shares will continue trading on the New York Stock Exchange as well. The company aims to enhance liquidity and provide Israeli investors access to its manufactured home market. UMH holds a corporate rating of il.A+ from S&P Global Ratings Maalot Ltd.
UMH Properties has successfully completed an offering of $102.7 million in 4.72% Series A Bonds due February 2027. The bonds, issued in Israeli shekels, will fund working capital and possibly redeem the 6.75% Series C Cumulative Redeemable Preferred Stock. Interest on the bonds is payable semi-annually, with final maturity set for February 28, 2027. These general unsecured obligations rank equally with existing debts and adhere to customary covenants.
UMH Properties, Inc. (NYSE:UMH) has announced the tax treatment of its 2021 cash distributions to shareholders. For common shares, a total distribution of $0.76 per share includes various components such as Non-Qualifying Ordinary Income and Return of Capital. Preferred shares experienced distributions of $1.6875 for Series C and $1.59375 for Series D, comprising similar income categories. Shareholders are advised to consult with tax advisors regarding the tax implications of these distributions. UMH operates 127 manufactured home communities across multiple states.
UMH Properties, a real estate investment trust (REIT), will host a webcast and conference call on February 25, 2022, at 10:00 a.m. Eastern Time to discuss its Fourth Quarter and Full Year 2021 Financial Results.
The results will be released on February 24, 2022, after market close. The conference call can be accessed via phone or through the company’s website, where a replay will be available afterward. UMH operates 127 manufactured home communities across several states with approximately 24,000 homesites.
UMH Properties has announced a reduction in interest rates for qualified home buyers from 5.99% to 4.99% through its third-party lending program. This strategic move aims to enhance housing affordability, aligning with the company's mission of providing quality affordable housing. President and CEO, Samuel A. Landy, noted that this reduction reflects improved capital costs and positions UMH as a competitive player within the industry. The company operates 127 manufactured home communities across several states, serving approximately 24,000 homesites.
UMH Properties, Inc. (NYSE:UMH) announced a 5.3% increase in its quarterly dividend, raising it from $0.19 to $0.20 per share. This increase is part of the company's ongoing commitment to returning value to shareholders. The dividend is set to be paid on March 15, 2022, to shareholders recorded by February 15, 2022, marking an annual dividend rate of $0.80 per share. UMH operates 127 manufactured home communities across several states, showcasing its robust presence in the real estate market.
UMH Properties, a public equity REIT, declared quarterly dividends on January 12, 2022, for its Series C and Series D cumulative redeemable preferred stocks. The Series C dividend is set at $0.421875 per share, payable on March 15, 2022, to holders recorded by February 15, 2022. The Series D dividend amounts to $0.3984375 per share, also payable on March 15. UMH operates 127 manufactured home communities across various states, comprising around 24,000 homesites.
UMH Properties, through its joint venture with Nuveen Real Estate, has acquired a newly developed all-age manufactured home community in Sebring, Florida for $22.2 million. The community features 219 homesites on 39 acres. This marks UMH's entry into the Florida market, with plans for further growth, including two additional communities under contract. The new site includes various amenities, showcasing strong demand and expected financial performance that aims to enhance long-term value for shareholders.
UMH Properties has announced a joint venture with Nuveen Real Estate for the development or acquisition of manufactured housing communities, with an initial capital commitment of $170 million. UMH will hold a 40% stake and act as the managing member. This partnership aims to address the affordable housing crisis, with a need for 5.5 million new homes. UMH is set to acquire three communities in Florida, totaling $90 million, with the first expected to close by January 2022.
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