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. reports news as a public equity REIT focused on the ownership and operation of manufactured home communities. Company updates commonly cover community occupancy, conversion of homes from inventory to rental homes, manufactured home sales, rental and related charges, self-storage assets, and joint-venture communities.
Recurring announcements also include quarterly and annual financial results, FFO and normalized FFO measures, common and Series D preferred dividends, distribution tax treatment, annual report publication, refinancings, credit facilities, and other capital actions tied to the REIT’s manufactured-housing portfolio.
UMH Properties (NYSE:UMH) will host a First Quarter 2022 Financial Results Webcast on May 5, 2022, at 10:00 a.m. ET. The results will be released on May 4, 2022, after market close, and available on their website. Participants can join via a conference call or the webcast icon on the homepage. UMH Properties operates 128 manufactured home communities across several states, comprising approximately 24,100 homesites, also managing a community in Florida. A replay of the call will be available post-event.
UMH Properties, Inc. (NYSE:UMH) declared a quarterly cash dividend of $0.20 per share on its Common Stock, payable on June 15, 2022, to shareholders on record by May 16, 2022. The annual dividend rate stands at $0.80 per share. Furthermore, the Board announced dividends for its Series C and Series D Cumulative Redeemable Preferred Stocks, amounting to $0.421875 and $0.3984375 per share, respectively, also payable on June 15, 2022. UMH operates 128 manufactured home communities with around 24,100 homesites across multiple states.
UMH Properties, Inc. (NYSE: UMH) has successfully acquired a manufactured home community in Monaca, Pennsylvania for $5.8 million. This community comprises 96 developed homesites and spans approximately 18 acres. CEO Samuel A. Landy expressed enthusiasm for the acquisition, highlighting its strategic location near existing high-occupancy communities. UMH aims to upgrade the facility to enhance income and value. The company manages 128 communities across various states, totaling around 24,100 homesites, and continues to pursue growth through additional acquisitions.
UMH Properties (NYSE: UMH) has received a Second-Party Opinion on its March 2022 Sustainable Bond Framework from Sustainalytics. This framework highlights UMH's commitment to providing affordable housing for low-income earners, achieving rents that do not exceed 30% of gross income for those making 50-80% of the area median income. The company's efforts in water conservation and energy efficiency, such as using LED lights and smart thermostats, have also been favorably reviewed. UMH operates 127 manufactured home communities across eleven states.
UMH Properties, Inc. (NYSE:UMH) announced the release of its 2021 Annual Report, highlighting a year of exceptional results and positioning for future growth. The report is accessible on the company’s website. President Samuel A. Landy emphasized the outstanding performance of the company in 2021, encouraging stakeholders to review the report for insights into the company’s future outlook. UMH operates 127 manufactured home communities across multiple states, providing around 24,000 developed homesites.
UMH Properties (NYSE: UMH) has added approximately 1,100 homes to its Fannie Mae credit facility, securing about $25.6 million in proceeds via Wells Fargo Bank. This financing, at a fixed interest rate of 4.25%, aligns with the facility's term maturing in 2030. The funds aim to enhance acquisitions and rental housing, boosting shareholder value.
CEO Samuel A. Landy expressed confidence in the recognition of rental homes in manufactured housing communities as equivalent to apartments for financing purposes, stating this transaction will facilitate further refinancing and favorable financing for future developments.
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.