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, Inc. (NYSE:UMH) has announced its Third Quarter 2021 Financial Results Webcast and Conference Call scheduled for November 4, 2021, at 10:00 a.m. ET. The results will be disclosed on November 3, 2021, after market close, and will be accessible on their website. UMH operates 127 manufactured home communities with approximately 24,000 homesites across multiple states, including New Jersey, New York, and Michigan. The conference call can be accessed via telephone or online.
UMH Properties, Inc. (NYSE: UMH) has expanded its Board of Directors from 11 to 12 members, appointing Angela D. Pruitt as a Class II Director effective September 22, 2021. Pruitt brings over 20 years of global communications experience, including a significant tenure at the Wall Street Journal/Dow Jones. Her expertise includes crisis communications and media relations. President Samuel A. Landy expressed confidence in Pruitt's contributions during the company's growth phase. UMH operates 127 manufactured home communities across various states, managing approximately 24,000 homesites.
UMH Properties has been recognized with two prestigious awards from the Manufactured Housing Institute. On August 9, 2021, it was named Community Operator of the Year and its Redbud Sales Center in Anderson, Indiana received the Retail Sales Center of the Year Award for the second consecutive year. President Samuel A. Landy expressed pride in these achievements, attributing them to the efforts of their dedicated staff and highlighting their ongoing commitment to providing affordable housing across various states, including New Jersey, New York, and Ohio.
UMH Properties, Inc. (NYSE:UMH) reported a 22% increase in Total Income for Q2 2021, reaching $49.0 million compared to $40.1 million in Q2 2020. However, Net Income attributable to common shareholders decreased to $8.4 million or $0.18 per diluted share from $10.2 million or $0.25 per diluted share a year prior. Funds from Operations rose to $9.9 million or $0.21 per diluted share, up from $7.1 million or $0.17 in 2020. The company increased its rental home portfolio by 4% to approximately 8,600 units.
UMH Properties, Inc. (NYSE:UMH) announced on July 1, 2021, the declaration of its quarterly cash dividend of $0.19 per share, payable on September 15, 2021, to shareholders of record by August 16, 2021. This dividend brings the annual rate to $0.76 per share.
The company also declared dividends for its 6.75% Series C and 6.375% Series D Cumulative Redeemable Preferred Stock, at $0.421875 and $0.3984375 per share respectively, also payable on September 15, 2021. UMH operates 127 manufactured home communities across several states.
UMH Properties, Inc. (NYSE: UMH) will host a webcast and conference call on August 5, 2021, at 10:00 a.m. ET to discuss its Second Quarter 2021 Financial Results, which will be released on August 4, 2021, after market close. The call will cover financial results, market conditions, and future outlook. Participants can access the webcast via www.umh.reit. The company operates 127 manufactured home communities across multiple states, with around 24,000 homesites.
UMH Properties, Inc. (NYSE:UMH) reported having 46,853,371 shares outstanding as of June 7, 2021, an increase attributed to its Common Stock At-The-Market (ATM) Sales Program.
CEO Samuel A. Landy announced a milestone of over $1 billion in equity market capitalization, aiming to improve liquidity for shareholders. The company operates 127 manufactured home communities across various states and holds a portfolio of REIT securities.
UMH Properties has announced that its senior management team will participate in Nareit’s REITweek: 2021 Virtual Investor Conference. Scheduled for June 9, 2021, at 11:00 a.m. Eastern Time, the presentation will be led by President and CEO Samuel A. Landy, CFO Anna T. Chew, and Chairman Eugene W. Landy. Interested parties can register for live and on-demand access via the REITweek website. UMH operates 127 manufactured home communities across nine states and is a public equity REIT.
UMH Properties, Inc. has successfully acquired a manufactured home community in Sandusky, Ohio for approximately $10.3 million. The community, named Bayshore Estates, features 206 homesites with an occupancy rate of around 86%. This acquisition aligns with UMH's strategy in Ohio, a strong-performing market for the company. Plans are in place to enhance the community's infrastructure and increase occupancy through additional home rentals and sales. UMH Properties operates 127 communities across multiple states.
UMH Properties, Inc. (NYSE:UMH) reported significant financial improvements for Q1 2021, with total income reaching $43.1 million, a 15% increase from Q1 2020's $37.6 million. The company posted a net income of $6.8 million per diluted share, up from a net loss of $42.8 million. Funds from Operations (FFO) increased to $8.4 million ($0.19 per share), while Normalized FFO rose by 43%. Rental income climbed 13%, and occupancy rates improved to 95.4%. The quarterly dividend was raised by 5.5% to $0.19 per share.
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