UMH PROPERTIES, INC. DECLARES PREFERRED DIVIDEND

Rhea-AI Summary

UMH Properties (NYSE:UMH) has announced its quarterly dividend declaration for its 6.375% Series D Cumulative Redeemable Preferred Stock. The Board of Directors declared a dividend of $0.3984375 per share for March 1, 2025, through May 31, 2025.

The dividend will be paid on June 16, 2025, to shareholders of record as of May 15, 2025. Series D preferred share dividends are cumulative and payable quarterly at an annual rate of $1.59375 per share.

UMH Properties, established in 1968, operates 141 manufactured home communities with approximately 26,500 developed homesites. The portfolio includes 10,300 rental homes and over 1,000 self-storage units across 12 states. Two communities in Florida, comprising 363 sites, are operated through a joint venture with Nuveen Real Estate.

Positive

• Consistent quarterly dividend payments demonstrate financial stability
• Large portfolio of 141 communities with 26,500 homesites shows significant market presence
• Geographic diversification across 12 states reduces regional risk
• Strategic partnership with Nuveen Real Estate in Florida operations

Negative

• No dividend increase announced for preferred shareholders
• High proportion of rental homes (10,300) may increase operational costs

FREEHOLD, NJ, April 01, 2025 (GLOBE NEWSWIRE) -- On April 1, 2025, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) declared a quarterly dividend of $0.3984375 per share for the period from March 1, 2025, through May 31, 2025, on the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock payable June 16, 2025, to shareholders of record at the close of business on May 15, 2025. Series D preferred share dividends are cumulative and payable quarterly at an annual rate of $1.59375 per share.

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 the dividend amount for UMH Properties Series D Preferred Stock in Q2 2025?

UMH Properties declared a quarterly dividend of $0.3984375 per share for its Series D Preferred Stock, payable June 16, 2025.

When is the record date for UMH Properties' Q2 2025 preferred dividend?

The record date for UMH Properties' preferred dividend is May 15, 2025.

What is the annual dividend rate for UMH Properties Series D Preferred Stock?

The Series D preferred shares pay cumulative quarterly dividends at an annual rate of $1.59375 per share.

How many manufactured home communities does UMH Properties operate as of 2025?

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

In which states does UMH Properties have manufactured home communities?

UMH Properties has communities in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida, and Georgia.