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.
FREEHOLD, NJ, July 1, 2022 - UMH Properties, Inc. (NYSE:UMH) has declared a quarterly cash dividend of $0.20 per share on its Common Stock, payable on September 15, 2022, to shareholders of record by August 15, 2022. This sets the annual dividend rate at $0.80 per share. Furthermore, a quarterly dividend of $0.3984375 per share for the Series D Cumulative Redeemable Preferred Stock is also declared, with similar payment details. UMH operates 130 manufactured home communities across several states, with around 24,400 developed homesites.
UMH Properties announced its Second Quarter 2022 Financial Results Webcast and Conference Call set for August 4, 2022, at 10:00 a.m. ET. The results will be available on the Company’s website after trading closes on August 3, 2022. UMH, a REIT focused on manufactured home communities, operates 130 communities with approximately 24,400 homesites across nine states and one community in Florida. Participants can join via the Company’s website or by conference call.
UMH Properties has announced the redemption of all 9,884,000 shares of its 6.75% Series C Cumulative Redeemable Preferred Stock on July 26, 2022. The shares will be redeemed at a total price of $25.2578 per share, which includes accrued dividends. Following the redemption, trading of these shares under the symbol UMH.PRC will cease on the NYSE. Holders of the preferred stock will receive payment upon surrendering their certificates to the redemption agent.
UMH Properties, a public equity REIT, announced participation in Nareit’s REITweek: 2022 Investor Conference on June 8, 2022, at 9:30 a.m. ET. Key executives, including Samuel A. Landy and Anna T. Chew, will present at the event in New York City.
The presentation will be accessible via a live webcast on the company’s website, along with replay options and presentation materials for 30 days post-event. UMH operates 130 manufactured home communities across various states, totaling around 24,400 homesites.
UMH Properties, Inc. has successfully acquired a manufactured home community in Dothan, Alabama for approximately $3.9 million. The community comprises 139 homesites, with about 6% currently occupied, situated on 36 acres. President Samuel A. Landy emphasized the strategic location, just two miles from an existing property, and highlighted the potential for growth through a value-added business plan. The acquisition presents opportunities for profitability and appreciation due to strong rental demand and below replacement cost purchases.
UMH Properties, Inc. (NYSE:UMH) reported a Total Income of $45.9 million for Q1 2022, marking a 6% increase from $43.1 million in Q1 2021. However, the company faced a Net Loss of $4.3 million or $0.09 per diluted share, in contrast to a Net Income of $6.8 million or $0.16 per diluted share in the previous year. Funds from Operations (FFO) were slightly up at $8.5 million ($0.16 per share) compared to $8.4 million ($0.19 per share) a year earlier. Notably, the company raised its quarterly dividend by 5.3% to $0.20 per share, signaling confidence despite losses.
UMH Properties, Inc. (NYSE: UMH) has successfully acquired a manufactured home community in Butler, Pennsylvania for $7.4 million. The community features 132 developed homesites on approximately 65 acres, with 38 entitled sites for future development. The acquisition is strategically located near UMH's top-performing assets in western Pennsylvania, which is expected to drive demand and profitability. UMH is also pursuing two additional communities totaling 490 sites for approximately $25.9 million, indicating ongoing growth.
UMH Properties, Inc. (NYSE: UMH) has been recognized with two prestigious awards from the Manufactured Housing Institute for 2022. On April 11, UMH was named Community Operator of the Year for the second consecutive year. Additionally, on April 12, it received the Retail Sales Center of the Year Award, awarded to its Port Royal Sales Center in Pennsylvania. President Samuel A. Landy expressed pride in these achievements, attributing success to the dedicated efforts of the company's staff and ongoing initiatives to enhance affordable housing access.
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.