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. (UMH) is a real estate investment trust specializing in manufactured home communities across the Northeast and surrounding regions. This page delivers timely updates on UMH's dual revenue streams from residential leasing and home sales through its subsidiary, UMH Sales and Finance, Inc., offering investors a comprehensive view of its recession-resistant business model.
This resource provides stakeholders with critical insights into UMH's operational milestones, financial performance, and strategic initiatives. Track announcements ranging from quarterly earnings to community expansions, all curated to support informed decision-making without speculative commentary.
Key coverage areas include earnings releases, property acquisitions, regulatory updates, and industry analysis relevant to manufactured housing. Content emphasizes UMH's role in affordable housing and its disciplined approach to asset management, reflecting the company's commitment to long-term value creation.
Bookmark this page for streamlined access to UMH's latest developments. Combine regular visits with broader market research to maintain a nuanced understanding of this REIT's position within the residential real estate sector.
UMH Properties (NYSE:UMH) announced a 4.7% increase in its quarterly common stock dividend to $0.225 per share from $0.215, marking its fifth consecutive annual increase. The dividend will be paid on June 16, 2025, to shareholders of record as of May 15, 2025, representing an annual dividend rate of $0.90 per share.
The company operates 141 manufactured home communities with approximately 26,500 developed homesites, including 10,300 rental homes and over 1,000 self-storage units across 12 states. Two communities in Florida, containing 363 sites, are operated through a joint venture with Nuveen Real Estate. Management expects community expansions and new construction to drive future profit growth.
UMH Properties (NYSE:UMH) has announced its quarterly dividend declaration for its 6.375% Series D Cumulative Redeemable Preferred Stock. The Board of Directors declared a dividend of $0.3984375 per share for March 1, 2025, through May 31, 2025.
The dividend will be paid on June 16, 2025, to shareholders of record as of May 15, 2025. Series D preferred share dividends are cumulative and payable quarterly at an annual rate of $1.59375 per share.
UMH Properties, established in 1968, operates 141 manufactured home communities with approximately 26,500 developed homesites. The portfolio includes 10,300 rental homes and over 1,000 self-storage units across 12 states. Two communities in Florida, comprising 363 sites, are operated through a joint venture with Nuveen Real Estate.
UMH Properties has acquired two age-restricted manufactured home communities in Mantua, New Jersey for $24.6 million. The properties, Cedar Grove Park and Maplewood Village, feature 266 developed homesites with 100% occupancy rate across approximately 38 acres.
The newly acquired communities are strategically located near Philadelphia and consist of modern, homeowner-occupied manufactured homes. The acquisition is expected to be accretive to earnings, with additional revenue potential through home sales brokerage.
Following this acquisition, UMH's portfolio now encompasses 141 manufactured home communities with approximately 26,500 developed homesites, including 10,300 rental homes and over 1,000 self-storage units across 12 states. Two communities in Florida, containing 363 sites, are operated through a joint venture with Nuveen Real Estate.
UMH Properties (NYSE:UMH, TASE:UMH), a real estate investment trust focused on manufactured home communities, has released its 2024 Annual Report on their website www.umh.reit. The company, established in 1968, currently manages 139 manufactured home communities with approximately 26,300 developed homesites.
Of these sites, 10,300 contain rental homes, and the portfolio includes over 1,000 self-storage units. The communities span across multiple states including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida, and Georgia. Two communities in Florida, comprising 363 sites, are operated through a joint venture partnership with Nuveen Real Estate.
UMH Properties (NYSE:UMH) has announced it will host its First Quarter 2025 Financial Results Webcast and Conference Call on May 2, 2025, at 10:00 a.m. Eastern Time. The company's Q1 2025 results will be released on May 1, 2025, after NYSE trading closes.
The REIT, established in 1968, specializes in manufactured home communities and currently owns and operates 139 communities with approximately 26,300 developed homesites. Of these, 10,300 sites contain rental homes. The company also manages over 1,000 self-storage units. The communities span across multiple states including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida, and Georgia. Two communities in Florida, comprising 363 sites, are operated through a joint venture with Nuveen Real Estate.
UMH Properties (NYSE:UMH) reported strong financial results for Q4 and full-year 2024. Total Income increased 9% to $240.6 million for 2024, compared to $220.9 million in 2023. The company achieved Net Income of $2.5 million ($0.03 per diluted share) in 2024, improving from a loss of $8.7 million in 2023.
Key highlights include:
- Normalized FFO increased 27% to $69.5 million ($0.93 per diluted share)
- Same Property NOI grew 10%
- Same Property Occupancy improved to 87.8%
- Sales of Manufactured Homes increased 8%
The company expanded its credit facility by $80 million to $260 million and raised its quarterly dividend by 4.9% to $0.215 per share. UMH issued guidance for 2025, projecting Normalized FFO between $0.96-$1.04 per diluted share, representing 7.5% growth at the midpoint.
UMH Properties has released its tax treatment details for 2024 distributions. For common shares, the total distribution was $0.850 per share, comprising 19.63% non-qualifying ordinary income ($0.166853) and 80.37% return of capital ($0.683147). The 6.375% Series D Preferred shares received total distributions of $1.59375 per share, classified as 100% non-qualifying ordinary income.
The company also disclosed dividend reinvestment plan discounts throughout 2024, with discount values ranging from $0.510 to $0.965 per share. UMH operates 139 manufactured home communities with approximately 26,200 developed homesites, including 10,300 rental homes and over 1,000 self-storage units across multiple states.
UMH Properties (NYSE:UMH) has announced it will host its Fourth Quarter and Full Year 2024 Financial Results Webcast and Conference Call on February 27, 2025, at 10:00 a.m. Eastern Time. The company will release its results on February 26, 2025, after NYSE trading closes.
UMH Properties is a REIT specializing in manufactured home communities. The company owns and operates 139 manufactured home communities with approximately 26,200 developed homesites, including 10,300 rental homes and over 1,000 self-storage units. These communities span across 12 states, with two Florida communities (363 sites) operated through a joint venture with Nuveen Real Estate.
UMH Properties (NYSE:UMH) announced on January 7, 2025, that its Board of Directors has declared quarterly dividends for both common and preferred stockholders. The company will pay a quarterly cash dividend of $0.215 per share on its Common Stock, maintaining an annual dividend rate of $0.86 per share.
Additionally, a quarterly dividend of $0.3984375 per share was declared on the company's 6.375% Series D Cumulative Redeemable Preferred Stock. Both dividends will be payable on March 17, 2025, to shareholders of record as of February 18, 2025.
UMH Properties, established in 1968, operates 139 manufactured home communities with approximately 26,200 developed homesites, including 10,300 rental homes and over 1,000 self-storage units across 12 states. Two communities in Florida, comprising 363 sites, are operated through a joint venture with Nuveen Real Estate.
UMH Properties reported strong performance for Q4 and full-year 2024, achieving an equity market capitalization over $1.5 billion. The company's share price increased 24% from $15.25 to $18.88, delivering a total shareholder return of 30% including $0.85 in dividends.
Key operational highlights include: conversion of 565 new homes to rental units in 2024 (122 in Q4), reaching approximately 10,300 rental homes with 94% occupancy; gross home sales revenue increased 9% to $8.4 million in Q4 and 4% to $32.6 million for the full year; overall occupancy increased by 280 units to 88% in 2024.
The company raised significant capital through its ATM program, selling 12.5 million shares at an average price of $17.92, generating $224.5 million. January 2025 rental and related charges increased by 9%, projecting approximately $210 million in annual rental revenue.
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