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, Inc. has successfully closed the acquisition of a 30-acre parcel in Perrysburg, Ohio, for $2.3 million. This site is entitled for the development of 115 manufactured home sites and is strategically adjacent to its existing Meadows of Perrysburg community, which boasts a high occupancy rate of 95% and site rents averaging $500 per month. The purchase aligns with UMH’s long-term growth strategy, aimed at developing vacant land, enhancing operations, and expanding their sales and finance operations.
Currently, UMH operates 135 manufactured home communities across several states, with approximately 25,700 homesites in total. This acquisition is anticipated to strengthen UMH's market position and operational results.
UMH Properties, Inc. (NYSE:UMH) announced strong first-quarter 2023 results, with sales reaching approximately $7.3 million, a 70% increase from $4.3 million in Q1 2022, setting a new sales record. The portfolio saw an increase of 238 units in occupancy, with new rental units rising by 230. Rental home occupancy improved to 93.7% from 93.3% at year-end 2022. Monthly rental charges surged by approximately $550,000 as of April 1, 2023, following implemented rent increases. Final Q1 results will be disclosed on May 9, 2023, with a management discussion on May 10, 2023.
UMH Properties, Inc. has announced a quarterly cash dividend of $0.205 per share, effective June 15, 2023, to shareholders on record by May 15, 2023. The annual rate for this common stock dividend amounts to $0.82 per share. Additionally, the company declared a quarterly dividend for its Series D Preferred Stock of $0.3984375 per share, also payable on June 15, 2023, with a cumulative annual rate of $1.59375 per share. UMH manages 135 manufactured home communities comprising approximately 25,700 homesites across various states, including New Jersey and Florida.
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