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UMH Properties, Inc. announces tax treatment of 2023 distributions. The report details the nature of cash distributions paid to stockholders of UMH's common and preferred shares during the calendar year, including percentages and dollar values. UMH Properties, Inc. is a public equity REIT that owns and operates manufactured home communities across various states.
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UMH Properties, Inc. will host its Fourth Quarter and Full Year 2023 Financial Results Webcast and Conference Call on February 29, 2024. The company owns and operates 135 manufactured home communities and has an ownership interest in two communities in Florida. UMH Properties, Inc. is a public equity REIT specializing in manufactured home communities.
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UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) declared a quarterly cash dividend of $0.205 per share for its Common Stock, with an annual dividend rate of $0.82 per share. Additionally, a quarterly dividend of $0.3984375 per share was declared for the Company’s 6.375% Series D Cumulative Redeemable Preferred Stock, with an annual rate of $1.59375 per share. UMH Properties, Inc. is a public equity REIT that owns and operates 135 manufactured home communities in multiple states and has an ownership interest in two communities in Florida through a joint venture with Nuveen Real Estate.
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UMH Properties, Inc. (UMH) achieved an equity market capitalization of over $1 billion by year end 2023. The company rented 1,040 new homes and sold 164 new homes during the year, resulting in a 22.9% increase in home sales revenue. Occupancy rate increased to 94.0% with an overall 86.7% occupancy and a 12.0% increase in January 2024 rental and related charges. UMH's Fourth Quarter and Full Year 2023 results will be released on Wednesday, February 28, 2024.
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UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) will celebrate its 55th Anniversary by ringing the Opening Bell at the New York Stock Exchange (NYSE) on January 10, 2024. At yearend 2023, UMH had 68 million shares outstanding at a price of $15.32 per share, resulting in an equity market capitalization of over $1 billion. UMH is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites across multiple states. The company also has an ownership interest in and operates two communities in Florida through a joint venture with Nuveen Real Estate.
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UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) completed the addition of eight communities, containing 1,281 sites, to its Fannie Mae credit facility through Wells Fargo Bank, N.A., for total proceeds of approximately $57.7 million. It is a fixed rate, interest only loan at 5.97% with a 10-year term. The proceeds will be used to invest in additional acquisitions, expansions, rental homes and repay higher interest rate debt on a short-term basis. Samuel A. Landy, President and Chief Executive Officer, commented on the successful loan completion and the company's long-term value-added business plan. UMH Properties, Inc. is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites across multiple states.
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UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) expands partnership with Nuveen Real Estate, entering a new joint venture to develop a manufactured housing community in Honey Brook, Pennsylvania. UMH will have a 40% stake in the venture, managing member, developer, and operating member. The community will contain 113 manufactured home sites on approximately 61 acres, with construction expected to take 15 months. The joint venture aims to combat the housing crisis and strengthen UMH's financial capacity while limiting the short-term impact on FFO during construction and lease-up.
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UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) has added George Kline, a former NYPD officer with extensive experience in security, to their team. With over 135 manufactured home communities and approximately 25,800 developed homesites, UMH Properties, Inc. is a public equity REIT with a strong presence in multiple states and a joint venture in Florida.
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UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported a 7.9% increase in Total Income for the quarter ended September 30, 2023, compared to the same period in 2022. Net Loss Attributable to Common Shareholders decreased from $9.7 million to $5.8 million. Normalized FFO increased sequentially by 4.8% to $14.4 million. President and CEO Samuel A. Landy commented on the positive results, highlighting increased Rental and Related Income, Community NOI, and Same Property NOI. The company also issued and sold additional shares through its At-the-Market Sale Program, expanding its revolving line of credit, and reporting an increase in sales of manufactured homes.
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UMH Properties, Inc. to present at Philadelphia Securities Association on October 11, 2023
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UMH Properties, Inc.
NYSE:UMH
UMH Rankings
UMH Stock Data
1.06B
64.01M
7.24%
75.69%
1.83%
Other Financial Vehicles
Finance and Insurance
United States of America
FREEHOLD
About UMH
umh properties, inc., (umh) is a real estate investment trust (reit) that owns and operates manufactured home communities in seven states throughout the northeast. these states include new jersey, new york, ohio, pennsylvania, tennessee, indiana and michigan. manufactured home communities provide long-term appreciation, recession resistant qualities, and stable income streams. umh has been in business since 1968, operating as a public company since 1985. we own a portfolio of 74 manufactured home communities, housing approximately 13,400 home sites. umh has a subsidiary, umh sales and finance, which sells manufactured homes into its communities. if you are looking to purchase a new home in one of our communities, please visit the umh sales and finance site by clicking this link: www.umhhomesales.com. we encourage you to visit our investors website ir.umh.com where you will find our most recent annual report, letter to shareholders, and sec filings. our website also includes our d