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) has disclosed the tax treatment of its 2020 cash distributions for common and preferred shareholders. Total cash distributions for common shares amounted to $0.72 per share, classified entirely as return of capital. Preferred shares saw varying distributions with the Series B totaling $1.77, Series C at $1.69, and Series D at $1.59. Each preferred series included portions classified as non-qualifying ordinary income. Shareholders are advised to consult tax advisors regarding their specific tax situations related to these distributions.
UMH Properties has successfully acquired a manufactured home community in Sumter, South Carolina for approximately $3.4 million. The property includes 142 developed homesites, with around 49% occupancy, and spans 24 acres. CEO Samuel A. Landy expressed enthusiasm for the acquisition, noting the community's good condition and the potential for revenue growth through rental home and marketing strategies. The company aims to expand further in the Southeast, building on its portfolio of 126 communities and 23,700 homesites across various states.
UMH Properties, Inc. announced a 6% increase in its quarterly common stock dividend, raising it from $0.18 to $0.19 per share. The dividend will be payable on March 15, 2021, to shareholders recorded by February 16, 2021. This adjustment reflects an annual dividend rate of $0.76 per share. The company operates 125 manufactured home communities across several states, with approximately 23,600 developed homesites.
UMH Properties, a public equity REIT, declared quarterly dividends on its Series C and Series D preferred stocks, totaling $0.421875 and $0.3984375 per share, respectively. These dividends are for the period from December 1, 2020, to February 28, 2021, and are payable on March 15, 2021. Shareholders must be on record by February 16, 2021. The Series C dividends have an annual rate of $1.6875, while Series D has an annual rate of $1.59375. UMH owns 125 manufactured home communities across multiple states, managing approximately 23,600 developed homesites.
UMH Properties has successfully acquired a manufactured home community in Dothan, Alabama for approximately $4.6 million. This community comprises 195 homesites, with around 37% currently occupied and spans roughly 33 acres. UMH's CEO, Samuel A. Landy, highlighted the company's strong performance amidst economic challenges, maintaining rent collections near pre-pandemic levels. The Dothan community aligns with UMH's strategy to expand into similar demographics found in their Northeast and Midwest markets, with plans to enhance occupancy and value.
UMH Properties, Inc. has promoted Shaya Baron to Director of Insurance, enhancing its insurance operations across states where it operates. The announcement was made by Samuel A. Landy, President and CEO, highlighting Baron's expertise in providing affordable insurance for renters. UMH, established in 1968, manages 124 manufactured home communities with around 23,400 homesites in multiple states, including New Jersey and New York. This leadership change aims to strengthen UMH’s insurance strategy, ensuring adequate coverage for its operational needs.
UMH Properties, Inc. has announced the promotion of T.C. Sheppard to Vice President of Consumer Finance. Samuel A. Landy, the company's CEO, praised Sheppard's contributions, highlighting his role in enhancing financing options leading to increased home sales in their manufactured home communities. UMH Properties operates 124 communities across several states, providing reliable income streams through successful financing initiatives. The company aims to expand its sales and finance operations further.
UMH Properties, Inc. (NYSE: UMH) announced the promotion of Aaron Potter to Director of ESG, effective December 17, 2020. Potter, who joined the company in 2017, will lead efforts in sustainability, social responsibility, and diversity. Under his leadership, UMH aims to enhance its commitment to quality affordable housing, with rent starting at $750 for three-bedroom homes. The company emphasizes its initiatives that align with environmental, social, and governance (ESG) principles, aiming to improve shareholder returns through responsible practices.
UMH Properties announced participation in the Nareit’s REITworld: 2020 Annual Conference, scheduled for November 17-19, 2020. Key executives, including President Samuel A. Landy and CFO Anna T. Chew, will present on November 19 at 10:30 a.m. ET. Interested attendees can register for free and access the presentation, available on demand for two weeks post-conference. UMH Properties operates 124 manufactured home communities across several states, including New Jersey and New York, with approximately 23,400 homesites.
UMH Properties, Inc. (NYSE:UMH) reported a 16% increase in Total Income for Q3 2020, reaching $43.1 million compared to $37.3 million in Q3 2019. However, it faced a net loss of $12.8 million or $0.31 per diluted share due to changes in marketable securities, down from a net income of $5.6 million the previous year. Funds from Operations (FFO) decreased to $4.5 million or $0.11 per diluted share. Conversely, Normalized FFO rose to $7.4 million, marking a 20% increase year-over-year. The company also redeemed its Series B Preferred Stock, affecting financial metrics positively going forward.