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, 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.
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.