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) 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.
UMH Properties, Inc. (NYSE:UMH) will host its First Quarter 2021 Financial Results Webcast and Conference Call on May 7, 2021, at 10:00 a.m. Eastern Time. The financial results will be released on May 6, 2021, after market close and will be accessible on their website. Participants can join via webcast or conference call at toll-free numbers provided. UMH owns and operates 126 manufactured home communities across several states, offering approximately 23,800 homesites.
UMH Properties has declared a quarterly cash dividend of $0.19 per share, payable on June 15, 2021. Shareholders must be on record by May 17, 2021. This indicates an annual dividend rate of $0.76 per share. Additionally, the Board has announced dividends for its Series C and Series D Cumulative Redeemable Preferred Stocks: $0.421875 and $0.3984375 per share, respectively, also payable on June 15, 2021.
UMH Properties, Inc. (NYSE:UMH) has released its 2020 Annual Report, now available on its website. The report highlights a transformational year for the company, with exceptional results across various fronts, setting the stage for future growth. UMH operates 126 manufactured home communities with approximately 23,800 homesites across several states, including New Jersey and New York. CEO Samuel A. Landy encourages stakeholders to review the report for insights into the company's performance and outlook.
UMH Properties reported a 12% increase in Total Income for 2020, reaching $163.6 million. The company's Net Income attributable to shareholders showed a significant loss of $29.8 million, or $0.72 per diluted share. For Q4 2020, Total Income rose 13% to $42.8 million, with a net income of $15.6 million, recovering from a Q4 2019 loss. Key achievements included a 20% rise in Net Operating Income and a 5.5% dividend hike to $0.76 per share. The company actively expanded its rental home portfolio and improved its occupancy rates amidst the pandemic.
UMH Properties, Inc. (NYSE:UMH) has disclosed the tax treatment of its 2020 cash distributions for common and preferred shareholders. Total cash distributions for common shares amounted to $0.72 per share, classified entirely as return of capital. Preferred shares saw varying distributions with the Series B totaling $1.77, Series C at $1.69, and Series D at $1.59. Each preferred series included portions classified as non-qualifying ordinary income. Shareholders are advised to consult tax advisors regarding their specific tax situations related to these distributions.
UMH Properties has successfully acquired a manufactured home community in Sumter, South Carolina for approximately $3.4 million. The property includes 142 developed homesites, with around 49% occupancy, and spans 24 acres. CEO Samuel A. Landy expressed enthusiasm for the acquisition, noting the community's good condition and the potential for revenue growth through rental home and marketing strategies. The company aims to expand further in the Southeast, building on its portfolio of 126 communities and 23,700 homesites across various states.
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