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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. EXPANDS JOINT VENTURE PARTNERSHIP WITH NUVEEN REAL ESTATE

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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. ANNOUNCES GEORGE KLINE AS VICE PRESIDENT OF CORPORATE SECURITY

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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. REPORTS RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2023

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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. WILL PRESENT TO THE PHILADELPHIA SECURITIES ASSOCIATION

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UMH Properties, Inc. to present at Philadelphia Securities Association on October 11, 2023
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UMH PROPERTIES, INC. 2023 OPERATIONS UPDATE

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UMH Properties, Inc. provides an update on Q3 2023 operating results, including 900 new rental homes and 124 new home sales. Monthly rental revenue increased 9.7% year-to-date. Home sales revenue increased by 15%. Pending home sales worth $3.5 million expected to close in Q4. UMH revenue annualizes over $194 million. CEO expects to place 1,000 families in new rental homes in 2023. Planning to install and rent 700-1,000 new homes next year.
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UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS

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UMH Properties, Inc. declares quarterly cash dividend on Common Stock of $0.205 per share and quarterly dividend of $0.3984375 per share for Series D Cumulative Redeemable Preferred Stock.
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UMH PROPERTIES, INC. WILL HOST THIRD QUARTER 2023 FINANCIAL RESULTS WEBCAST AND CONFERENCE CALL

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UMH Properties, Inc. to host Q3 2023 Financial Results Webcast and Conference Call on November 9, 2023. Results will be released on November 8, 2023. UMH owns and operates 135 manufactured home communities with approximately 25,700 homesites. They also have an ownership interest in two communities in Florida.
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UMH PROPERTIES, INC. 2023 OPERATIONS UPDATE

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UMH Properties, Inc. provides update on Q3 2023 operating results
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UMH PROPERTIES, INC. REPORTS RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2023

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UMH PROPERTIES, INC. SECOND QUARTER 2023 OPERATIONS UPDATE

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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