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UMH Properties, Inc. - UMH STOCK NEWS

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.

News

UMH PROPERTIES, INC. ANNOUNCES DIVIDEND INCREASE

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UMH Properties, Inc. (UMH) announced a 4.9% increase in its quarterly common stock dividend to $0.215 per share, payable on June 17, 2024. The company experienced three consecutive quarters of normalized FFO per share growth in 2023, with a positive outlook on occupancy, revenue, and earnings growth.
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UMH PROPERTIES, INC. WILL HOST FIRST QUARTER 2024 FINANCIAL RESULTS WEBCAST AND CONFERENCE CALL

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UMH Properties, Inc. to Host First Quarter 2024 Financial Results Webcast and Conference Call
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UMH PROPERTIES, INC. PUBLISHES ITS 2023 ANNUAL REPORT

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UMH Properties, Inc. releases its 2023 Annual Report, showcasing its position as a leading real estate investment trust specializing in manufactured home communities. The report highlights the company's ownership of 135 communities with over 25,800 homesites across various states, along with its joint venture in Florida. President and CEO, Samuel A. Landy, urges stakeholders to explore the report for insights into the company's performance and future prospects.
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UMH PROPERTIES, INC. REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2023

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UMH Properties, Inc. reported a 13% increase in Total Income for the year ended December 31, 2023, compared to the previous year. The company also saw improvements in Net Income, Funds from Operations, and Normalized Funds from Operations. The President and CEO highlighted various achievements and financial milestones, including acquisitions, joint ventures, credit facility amendments, and stock offerings. UMH aims to continue its growth trajectory and deliver strong operating results in 2024.
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UMH PROPERTIES, INC. ANNOUNCES TAX TREATMENT FOR 2023 DISTRIBUTIONS

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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 FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS WEBCAST AND CONFERENCE CALL

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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. DECLARES COMMON AND PREFERRED DIVIDENDS

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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. 2023 YEAR END OPERATIONS UPDATE

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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. CELEBRATES 55th ANNIVERSARY AT THE NEW YORK STOCK EXCHANGE ON JANUARY 10, 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. ANNOUNCES ADDITION TO FANNIE MAE CREDIT FACILITY

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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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FAQ

What is the current stock price of UMH Properties (UMH)?

The current stock price of UMH Properties (UMH) is $19.16 as of November 15, 2024.

What is the market cap of UMH Properties (UMH)?

The market cap of UMH Properties (UMH) is approximately 1.5B.

What does UMH Properties, Inc. specialize in?

UMH Properties, Inc. specializes in owning and operating manufactured home communities, offering leasing and sales of manufactured homes.

How many communities does UMH Properties operate?

UMH Properties operates 74 manufactured home communities across seven northeastern states.

Which states are home to UMH Properties' communities?

UMH Properties' communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, and Michigan.

What is UMH Sales and Finance?

UMH Sales and Finance is a wholly-owned subsidiary of UMH Properties that sells and finances the purchase of manufactured homes.

How long has UMH Properties been in business?

UMH Properties has been in business since 1968 and has been a publicly traded company since 1985.

Where can I find financial reports and SEC filings for UMH Properties?

Financial reports and SEC filings can be found on the UMH Properties investor relations website at ir.umh.com.

What kind of infrastructure does UMH Properties own within its communities?

UMH Properties owns the land, utility connections, streets, lighting, driveways, common area amenities, and other capital improvements within its communities.

Can I purchase a home in one of UMH's communities?

Yes, homes can be purchased through UMH Sales and Finance by visiting www.umhhomesales.com.

What are the benefits of living in a UMH Properties community?

UMH Properties communities offer long-term appreciation, recession-resistant qualities, and stable income streams, providing a reliable and high-quality living environment.

How does UMH Properties generate income?

UMH Properties generates income through lease agreements for home sites and homes, as well as through the sale and financing of manufactured homes.

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UMH Properties, Inc.

NYSE:UMH

UMH Rankings

#2207 Ranked by Market Cap
#650 Ranked by Dividends

UMH Stock Data

1.51B
78.90M
6.34%
73.72%
1.64%
REIT - Residential
Real Estate Investment Trusts
Link
United States of America
FREEHOLD