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) (TASE: UMH) has reported on the impact of Hurricane Helene on its manufactured housing communities portfolio. The company experienced minor damage to communities in Florida, Alabama, South Carolina, Georgia, Tennessee, and Ohio, primarily due to high winds and heavy rain. President and CEO Samuel A. Landy emphasized that the damage demonstrates the quality and durability of their homes.
All residents and employees are safe, and UMH is taking measures to clean up and repair any marginal damages. The company does not expect the storm's effects to have a material impact on operations or financial results. UMH Properties owns and operates 136 manufactured home communities with approximately 25,800 developed homesites across 11 states, plus an ownership interest in two Florida communities through a joint venture with Nuveen Real Estate.
UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) has announced its upcoming presentation to the Philadelphia Securities Association (PSA) on October 9, 2024. The event will take place at the Union League of Philadelphia, with Samuel A. Landy, President and CEO, presenting an overview of the company followed by a Q&A session. The luncheon meeting is scheduled to begin at 11:30 a.m. Eastern Time.
UMH Properties, founded in 1968, is a public equity REIT specializing in manufactured home communities. The company owns and operates 136 communities with approximately 25,800 developed homesites across multiple states. Additionally, UMH has a joint venture with Nuveen Real Estate, operating two communities in Florida with 363 sites.
UMH Properties, a public equity REIT, has announced its quarterly dividend declarations. The Board of Directors declared a quarterly cash dividend of $0.215 per share on the Company's Common Stock, payable on December 16, 2024, to shareholders of record as of November 15, 2024. This sets the annual dividend rate at $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 for the period from September 1, 2024, through November 30, 2024, also payable on December 16, 2024, to shareholders of record as of November 15, 2024. The Series D preferred share dividends are cumulative and payable quarterly at an annual rate of $1.59375 per share.
UMH Properties, established in 1968, currently owns and operates 136 manufactured home communities with approximately 25,800 developed homesites across multiple states. The company also has a joint venture interest in two Florida communities.
UMH Properties, Inc. (NYSE:UMH) (TASE:UMH), a real estate investment trust specializing in manufactured home communities, has announced its upcoming Third Quarter 2024 Financial Results Webcast and Conference Call. The event is scheduled for Thursday, November 7, 2024, at 10:00 a.m. Eastern Time, where senior management will discuss results, current market conditions, and future outlook.
The company's Q3 2024 results will be released on Wednesday, November 6, 2024, after the close of trading on the New York Stock Exchange. Interested parties can participate via webcast on the company's website or by calling the provided toll-free numbers. A replay of the conference call will be available from 12:00 p.m. Eastern Time on November 7, 2024.
UMH Properties, founded in 1968, currently owns and operates 136 manufactured home communities with approximately 25,800 developed homesites across multiple states. Additionally, the company has an ownership interest in two communities in Florida through a joint venture with Nuveen Real Estate.
UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) announced that Samuel A. Landy, President and CEO, was inducted into the RV/MH Hall of Fame on August 19, 2024. Under Landy's leadership since 1995, UMH has grown from 22 communities with 4,200 homesites to 136 communities with 25,800 homesites. His strategy focused on acquiring and improving value-add communities, expanding existing ones, and developing new sites. UMH Sales and Finance, Inc. has sold over 5,700 manufactured homes and financed over $100 million in consumer loans. The company now manages 10,200 rental homes. Eugene W. Landy, Founder and Chairman, praised Sam's contributions to affordable housing and industry leadership.
UMH Properties, Inc. (NYSE: UMH) has announced the promotion of T.C. Sheppard to Senior Vice President of Sales and Consumer Finance. Under Sheppard's leadership since 2020, UMH has seen significant growth in key areas:
- Sales increased by 54% from $20.3 million in 2020 to $31.2 million in 2023
- Notes receivable portfolio grew by 88% from $44.3 million at the end of 2020 to $83.3 million in Q2 2024
UMH, a public equity REIT founded in 1968, owns and operates 136 manufactured home communities with approximately 25,800 developed homesites across 11 states. The company also has a joint venture with Nuveen Real Estate, operating two communities in Florida with 363 sites.
UMH Properties (NYSE:UMH) reported strong Q2 2024 results, with Total Income increasing 9% to $60.3 million compared to Q2 2023. Net Income Attributable to Common Shareholders was $527,000 or $0.01 per diluted share, up from a Net Loss of $4.4 million in Q2 2023. Normalized FFO increased 10% to $0.23 per diluted share.
Key highlights include:
- 9% increase in Rental and Related Income
- 7% increase in Sales of Manufactured Homes
- 11% increase in Community NOI and Same Property NOI
- 130 basis point increase in Same Property Occupancy to 87.7%
- Expansion of unsecured credit facility by $80 million to $260 million
- 4.9% increase in quarterly common stock dividend to $0.215 per share
UMH provided guidance for full-year 2024 Normalized FFO of $0.91-0.95 per diluted share, representing approximately 8% growth over 2023.
UMH Properties, a REIT specializing in manufactured home communities, reported its Q2 2024 operating results. The company converted 144 new homes to rental properties, achieving a 95% occupancy rate. It sold 105 homes, generating $8.8 million in gross sales revenue, a 7% increase from last year. Year-to-date overall occupancy increased by 196 units, reaching 87%. The collection rate stood at 98% for Q2. The company’s rental income and related charges rose by 10%, resulting in an annualized monthly rent roll of $207 million. UMH's strong balance sheet supports continued investments and potential acquisitions.
On July 1, 2024, UMH Properties declared a quarterly cash dividend of $0.215 per share on its Common Stock, payable on September 16, 2024, to shareholders of record by August 15, 2024. This brings the annual dividend rate to $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 for the period from June 1, 2024, to August 31, 2024. This preferred dividend is also payable on September 16, 2024. UMH Properties operates 136 manufactured home communities across eleven states and has an ownership interest in two Florida communities through a joint venture with Nuveen Real Estate.
UMH Properties, a REIT specializing in manufactured home communities, will host its Second Quarter 2024 Financial Results Webcast and Conference Call on August 7, 2024, at 10:00 a.m. ET. The results will be released on August 6, 2024, post-market close, and available on their website. Senior management will discuss financial results, market conditions, and future outlook. UMH, established in 1968, owns and operates 136 communities with 25,800 homesites across multiple states and has interests in two Florida communities through a joint venture with Nuveen Real Estate.