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 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.
UMH Properties, Inc. (NYSE:UMH) will host its First Quarter 2021 Financial Results Webcast and Conference Call on May 7, 2021, at 10:00 a.m. Eastern Time. The financial results will be released on May 6, 2021, after market close and will be accessible on their website. Participants can join via webcast or conference call at toll-free numbers provided. UMH owns and operates 126 manufactured home communities across several states, offering approximately 23,800 homesites.
UMH Properties has declared a quarterly cash dividend of $0.19 per share, payable on June 15, 2021. Shareholders must be on record by May 17, 2021. This indicates an annual dividend rate of $0.76 per share. Additionally, the Board has announced dividends for its Series C and Series D Cumulative Redeemable Preferred Stocks: $0.421875 and $0.3984375 per share, respectively, also payable on June 15, 2021.
UMH Properties, Inc. (NYSE:UMH) has released its 2020 Annual Report, now available on its website. The report highlights a transformational year for the company, with exceptional results across various fronts, setting the stage for future growth. UMH operates 126 manufactured home communities with approximately 23,800 homesites across several states, including New Jersey and New York. CEO Samuel A. Landy encourages stakeholders to review the report for insights into the company's performance and outlook.
UMH Properties reported a 12% increase in Total Income for 2020, reaching $163.6 million. The company's Net Income attributable to shareholders showed a significant loss of $29.8 million, or $0.72 per diluted share. For Q4 2020, Total Income rose 13% to $42.8 million, with a net income of $15.6 million, recovering from a Q4 2019 loss. Key achievements included a 20% rise in Net Operating Income and a 5.5% dividend hike to $0.76 per share. The company actively expanded its rental home portfolio and improved its occupancy rates amidst the pandemic.