Welcome to our dedicated page for UMH Properties news (Ticker: UMH), a resource for investors and traders seeking the latest updates and insights on UMH Properties stock.
UMH Properties, Inc. (symbol: UMH) is a publicly traded real estate investment trust (REIT) that has been specializing in manufactured home communities since 1968. Founded on principles of stability and long-term growth, UMH owns and operates 74 manufactured home communities across seven states in the Northeast, including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, and Michigan. These communities collectively offer approximately 13,400 home sites, providing residents with a dependable and recession-resistant living environment.
UMH Properties is multifaceted in its operations. In addition to leasing home sites to residents, they also lease manufactured homes. Through their wholly-owned subsidiary, UMH Sales and Finance, Inc., they sell and finance the purchase of manufactured homes, making homeownership more accessible. This subsidiary also facilitates home sales for placement on privately-owned land, broadening their market reach.
The company prides itself on owning not just the homes and sites, but also the accompanying infrastructure such as utility connections, streets, lighting, driveways, and common area amenities. These capital improvements enhance the quality of life for residents and contribute to stable income streams for UMH.
Operating as a public company since 1985, UMH has continually demonstrated financial resilience and growth. For prospective investors and residents alike, the company's investor relations website (ir.umh.com) offers comprehensive resources, including the latest annual reports, letters to shareholders, and SEC filings.
Those interested in purchasing a home within UMH's communities can visit the UMH Sales and Finance website at www.umhhomesales.com for more information.
UMH Properties has successfully completed an offering of $102.7 million in 4.72% Series A Bonds due February 2027. The bonds, issued in Israeli shekels, will fund working capital and possibly redeem the 6.75% Series C Cumulative Redeemable Preferred Stock. Interest on the bonds is payable semi-annually, with final maturity set for February 28, 2027. These general unsecured obligations rank equally with existing debts and adhere to customary covenants.
UMH Properties, Inc. (NYSE:UMH) has announced the tax treatment of its 2021 cash distributions to shareholders. For common shares, a total distribution of $0.76 per share includes various components such as Non-Qualifying Ordinary Income and Return of Capital. Preferred shares experienced distributions of $1.6875 for Series C and $1.59375 for Series D, comprising similar income categories. Shareholders are advised to consult with tax advisors regarding the tax implications of these distributions. UMH operates 127 manufactured home communities across multiple states.
UMH Properties, a real estate investment trust (REIT), will host a webcast and conference call on February 25, 2022, at 10:00 a.m. Eastern Time to discuss its Fourth Quarter and Full Year 2021 Financial Results.
The results will be released on February 24, 2022, after market close. The conference call can be accessed via phone or through the company’s website, where a replay will be available afterward. UMH operates 127 manufactured home communities across several states with approximately 24,000 homesites.
UMH Properties has announced a reduction in interest rates for qualified home buyers from 5.99% to 4.99% through its third-party lending program. This strategic move aims to enhance housing affordability, aligning with the company's mission of providing quality affordable housing. President and CEO, Samuel A. Landy, noted that this reduction reflects improved capital costs and positions UMH as a competitive player within the industry. The company operates 127 manufactured home communities across several states, serving approximately 24,000 homesites.
UMH Properties, Inc. (NYSE:UMH) announced a 5.3% increase in its quarterly dividend, raising it from $0.19 to $0.20 per share. This increase is part of the company's ongoing commitment to returning value to shareholders. The dividend is set to be paid on March 15, 2022, to shareholders recorded by February 15, 2022, marking an annual dividend rate of $0.80 per share. UMH operates 127 manufactured home communities across several states, showcasing its robust presence in the real estate market.
UMH Properties, a public equity REIT, declared quarterly dividends on January 12, 2022, for its Series C and Series D cumulative redeemable preferred stocks. The Series C dividend is set at $0.421875 per share, payable on March 15, 2022, to holders recorded by February 15, 2022. The Series D dividend amounts to $0.3984375 per share, also payable on March 15. UMH operates 127 manufactured home communities across various states, comprising around 24,000 homesites.
UMH Properties, through its joint venture with Nuveen Real Estate, has acquired a newly developed all-age manufactured home community in Sebring, Florida for $22.2 million. The community features 219 homesites on 39 acres. This marks UMH's entry into the Florida market, with plans for further growth, including two additional communities under contract. The new site includes various amenities, showcasing strong demand and expected financial performance that aims to enhance long-term value for shareholders.
UMH Properties has announced a joint venture with Nuveen Real Estate for the development or acquisition of manufactured housing communities, with an initial capital commitment of $170 million. UMH will hold a 40% stake and act as the managing member. This partnership aims to address the affordable housing crisis, with a need for 5.5 million new homes. UMH is set to acquire three communities in Florida, totaling $90 million, with the first expected to close by January 2022.
UMH Properties, Inc. (NYSE:UMH) reported a 11% increase in Total Income for Q3 2021, totaling $48.0 million compared to $43.1 million in Q3 2020. The Net Loss attributable to Common Shareholders decreased to $3.4 million or $0.07 per diluted share, down from $12.7 million or $0.31 per share. Funds from Operations rose to $10.8 million or $0.22 per diluted share. Significant growth was also seen in Normalized FFO and occupancy rates, along with an increased rental home portfolio by 5%. The company aims to continue strong operational performance into the future.
FREEHOLD, NJ, Oct. 01, 2021 - UMH Properties, Inc. (NYSE:UMH) declared a quarterly cash dividend of $0.19 per share on its Common Stock, payable on December 15, 2021, to shareholders of record by November 15, 2021. The annual dividend rate is $0.76 per share.
Additionally, the Board announced a dividend of $0.421875 per share for Series C Preferred Stock and $0.3984375 for Series D Preferred Stock, both also payable on December 15, 2021. UMH Properties operates 127 manufactured home communities with approximately 24,000 homesites across several states.
FAQ
What is the current stock price of UMH Properties (UMH)?
What is the market cap of UMH Properties (UMH)?
What does UMH Properties, Inc. specialize in?
How many communities does UMH Properties operate?
Which states are home to UMH Properties' communities?
What is UMH Sales and Finance?
How long has UMH Properties been in business?
Where can I find financial reports and SEC filings for UMH Properties?
What kind of infrastructure does UMH Properties own within its communities?
Can I purchase a home in one of UMH's communities?
What are the benefits of living in a UMH Properties community?
How does UMH Properties generate income?
