UMH PROPERTIES, INC. ANNOUNCES DIVIDEND INCREASE

Rhea-AI Summary

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.

Positive

• Fifth consecutive annual dividend increase of 4.7%
• Revenue growth meeting expectations
• Strong balance sheet supporting potential future acquisitions
• Planned community expansions and new construction to increase profits

Negative

• None.

FREEHOLD, NJ, April 01, 2025 (GLOBE NEWSWIRE) -- On April 1, 2025, UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) announced today that its Board of Directors approved a 4.7% increase in the Company’s quarterly common stock dividend, raising it to $0.225 per share from $0.215 per share. The dividend is payable June 16, 2025, to shareholders of record at the close of business on May 15, 2025. This represents an annual dividend rate of $0.90 per share.

Samuel A. Landy, President and Chief Executive Officer, commented, “We are pleased to announce a fifth consecutive annual increase of our common stock dividend. Revenue growth continues to meet our expectations. Over time, we expect our community expansions and new community construction to further increase profits. We are well-positioned for internal growth as well as having a strong balance sheet that makes future acquisitions possible.”

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 141 manufactured home communities, containing approximately 26,500 developed homesites, of which 10,300 contain rental homes, and over 1,000 self-storage units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 141 communities are two communities in Florida, containing 363 sites, that UMH has an ownership interest in and operates through its joint venture with Nuveen Real Estate.

Contact: Nelli Madden
732-577-9997

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FAQ

What is UMH Properties' new quarterly dividend amount for 2025?

UMH Properties increased its quarterly dividend to $0.225 per share, payable June 16, 2025

How much did UMH Properties increase its dividend in 2025?

UMH Properties increased its dividend by 4.7%, from $0.215 to $0.225 per share quarterly

What is UMH Properties' annual dividend rate for 2025?

UMH Properties' new annual dividend rate is $0.90 per share

How many manufactured home communities does UMH Properties operate?

UMH Properties operates 141 manufactured home communities with approximately 26,500 developed homesites

In which states does UMH Properties operate its communities?

UMH operates in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia