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.
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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.
UMH Properties, Inc. (NYSE:UMH) announced it will host a First Quarter 2023 Financial Results Webcast on May 10, 2023. The results will be released on May 9, 2023, after market close. This event will provide insights into current market conditions and the company's future outlook. UMH, organized in 1968, operates 135 manufactured home communities comprising approximately 25,700 homesites across multiple states, including New Jersey, New York, and Pennsylvania, and has a joint venture in Florida. The company's financial performance and strategic direction will be key topics during the call.
UMH Properties, Inc. (NYSE:UMH) announced the availability of its 2022 Annual Report on its official website. The report provides insights into the company's operations, financial performance, and future outlook. UMH, a real estate investment trust founded in 1968, manages 135 manufactured home communities with approximately 25,700 homesites across various states including New Jersey, New York, and Ohio. The CEO, Samuel A. Landy, encouraged stakeholders to review the report for more information on the company's trajectory.
UMH Properties, Inc. (NYSE: UMH) announced a $30 million revolving line of credit with Triad Financial Services on March 9, 2023, secured by rental homes and leases. This funding aims to enhance UMH's rental home business, allowing them to purchase new rental homes. With over 10,000 owned rental homes, UMH plans to add 800 annually, boosting revenue and operating performance. The company, established in 1968, operates 135 manufactured home communities across several states, housing approximately 25,700 homesites. UMH emphasizes its commitment to providing quality affordable housing and improving community living standards.
UMH Properties, Inc. has successfully acquired a 24-acre parcel of land in Monticello, New York, for $137,000. This land adjoins the existing Kinnebrook Estates, a community with nearly 100% occupancy and strong rental rates, averaging $660 for sites and $1,200 for homes. The acquisition aligns with the company's strategy to expand their portfolio, following the successful development of 48 sites in the past. Additionally, UMH reports strong performance in early 2023, having occupied 125 new rental homes and seeing a 60% increase in online applications.
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