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. (NYSE: UMH; TASE: UMH) is a public equity REIT that regularly issues news and updates about its manufactured home community portfolio, financial performance and corporate actions. Organized in 1968, the company owns and operates 145 manufactured home communities containing approximately 27,000 developed homesites, of which about 11,000 are rental homes, along with over 1,000 self-storage units in multiple U.S. states.
News about UMH often covers operating updates for specific quarters and years, including changes in rental and related income, sales of manufactured homes, community net operating income and occupancy trends. The company provides operations updates that describe the number of new rental homes added, conversions of homes from inventory to revenue-generating rentals and same property occupancy metrics across its communities.
Investors following UMH’s news can also expect announcements on acquisitions of manufactured home communities, such as purchases in Georgia and Maryland, and information on joint venture communities with Nuveen Real Estate. Financing and capital markets activities are another frequent topic, including additions to the company’s Fannie Mae credit facility, bond offerings, refinancings of communities and updates on at-the-market equity programs and stock repurchase authorizations.
UMH’s press releases additionally report on quarterly and annual financial results, dividend declarations on common and preferred stock, and corporate governance developments such as appointments to the Board of Directors or investor presentations. For readers tracking UMH (UMH) news, this stream of updates provides insight into the company’s manufactured housing operations, portfolio growth, capital structure decisions and board-level actions over time.
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.
UMH Properties, Inc. (NYSE:UMH) reported a 11% increase in Total Income for Q3 2021, totaling $48.0 million compared to $43.1 million in Q3 2020. The Net Loss attributable to Common Shareholders decreased to $3.4 million or $0.07 per diluted share, down from $12.7 million or $0.31 per share. Funds from Operations rose to $10.8 million or $0.22 per diluted share. Significant growth was also seen in Normalized FFO and occupancy rates, along with an increased rental home portfolio by 5%. The company aims to continue strong operational performance into the future.
FREEHOLD, NJ, Oct. 01, 2021 - UMH Properties, Inc. (NYSE:UMH) declared a quarterly cash dividend of $0.19 per share on its Common Stock, payable on December 15, 2021, to shareholders of record by November 15, 2021. The annual dividend rate is $0.76 per share.
Additionally, the Board announced a dividend of $0.421875 per share for Series C Preferred Stock and $0.3984375 for Series D Preferred Stock, both also payable on December 15, 2021. UMH Properties operates 127 manufactured home communities with approximately 24,000 homesites across several states.
UMH Properties, Inc. (NYSE:UMH) has announced its Third Quarter 2021 Financial Results Webcast and Conference Call scheduled for November 4, 2021, at 10:00 a.m. ET. The results will be disclosed on November 3, 2021, after market close, and will be accessible on their website. UMH operates 127 manufactured home communities with approximately 24,000 homesites across multiple states, including New Jersey, New York, and Michigan. The conference call can be accessed via telephone or online.
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.