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 (NYSE:UMH) (TASE:UMH) will participate in Nareit’s REITweek: 2024 Investor Conference in New York City. The event is scheduled for June 4, 2024, at 10:15 a.m. Eastern Time, with a webcast available on the company's website. UMH, a public REIT established in 1968, owns and operates 136 manufactured home communities with approximately 25,800 homesites across multiple states. Additionally, UMH holds an interest in two Florida communities through a joint venture with Nuveen Real Estate.
UMH Properties, Inc. reported a 10% increase in Total Income for Q1 2024 compared to the same period in 2023. Net Loss Attributable to Common Shareholders was $6.3 million. Funds from Operations increased by 11%, and Normalized Funds from Operations rose by 10% per diluted share. The company also saw improvements in Rental and Related Income, Community Net Operating Income, and Same Property Community NOI. UMH raised its quarterly common stock dividend and expanded its unsecured credit facility. Overall, the company is optimistic about future growth and continues to focus on creating long-term value for shareholders.
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