UMH Properties

UMH Properties, Inc. operates as a real estate investment trust. It engages in the ownership and operation of manufactured home communities in seven states throughout the northeast. These states include New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana and Michigan. Manufactured home communities provide long-term appreciation, recession resistant qualities, and stable income streams. The firm also leases manufactured homes to residents. It designs accommodate detached, single-family manufactured homes which are produced off-site by manufacturers and installed on sites within the communities. The company was founded by Eugene W. Landy in 1968 and is headquartered in Freehold, NJ.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

UMH Properties reports solid Q1 performance amidst affordability focus

UMH Properties demonstrated strong financial performance with FFO and rental income growth, focusing on affordability and long-term capital.
Challenges include increased costs due to inventory management and pricing pressures on new homes, but the company is actively addressing these issues.
Opportunities lie in capital optimization, inventory reduction, and strategic acquisitions to drive future growth and operational efficiency.
Overall, UMH's stable performance, tenant quality focus, and strategic initiatives position the company well for sustained growth and competitiveness.

UMH Properties reports robust Q2 performance, eyes national expansion

UMH Properties delivered a strong performance in Q2 2023, with notable increases in key financial metrics and successful debt reduction post-quarter end.
The company's strategic focus on affordable housing solutions, tenant retention strategies, and expansion into high-demand markets position it well for future growth and market leadership.
Despite challenges posed by inflation and operational scalability, UMH Properties remains resilient and poised to capitalize on opportunities for revenue growth and market expansion.

UMH Properties reports strong Q3 growth, eyes Florida for expansion

UMH Properties demonstrated positive financial performance and growth in Q3 2023, with plans to expand its portfolio and increase profitability.
The company's strategic positioning in affordable housing markets and focus on workforce housing present growth opportunities.
Despite challenges such as high mortgage rates and property development timelines, UMH remains committed to meeting housing needs and driving revenue.
UMH's emphasis on long-term growth, community improvements, and capital allocation underscores its resilience and strategic vision for the future.

UMH Properties reports robust Q4 performance and eyes growth opportunities

UMH Properties delivered strong financial results, showcasing growth in FFO, sales, and community NOI, underpinned by a focus on affordable housing and operational efficiency.
While challenges exist in debt management and profitability metrics, the company's proactive approach and strategic initiatives position them well for future growth and dividend increases.
Opportunities in expanding through acquisitions, optimizing revenue streams, and enhancing operational efficiency present avenues for sustained growth and value creation in 2024.

UMH Properties reports strong Q1 performance and eyes growth opportunities

UMH Properties demonstrated robust financial performance in Q1 2024, marked by revenue growth, increased occupancy, and operational efficiency improvements.
The company's strategic focus on affordable housing demand, cost management, and revenue enhancement positions it for sustained growth and value creation.
While facing challenges in expanding communities and maintaining operational excellence, UMH has opportunities to drive growth through strategic investments and market expansion.
Overall, UMH's strong performance, resilience, and strategic initiatives underscore its potential for continued success and value creation for stakeholders.

UMH Properties reports strong Q3 growth, eyes acquisitions for expansion

UMH Properties' Q3 performance reflects a robust growth trajectory, supported by increased occupancy and revenue. The company's strategic focus on affordable housing and expansion plans position it well for future opportunities and acquisitions.

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UMH (UMH) delivered FFO and revenue surprises of 0.00% and 2.73%, respectively, for the quarter ended December 2020. Do the numbers hold clues to what lies ahead for the stock?

UMH Properties (UMH) Meets Q4 FFO Estimates

FREEHOLD, NJ, March 10, 2021 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) reported Total Income of $163.6 million for the year ended December 31, 2020 as compared to $146.6 million for the year ended December 31, 2019, representing an increase of 12%. Total Income for the quarter ended December 31, 2020 was $42.8 million as compared to $37.7 million for the quarter ended December 31, 2019, representing an increase of 13%. Net Income (Loss) Attributable to Common Shareholders amounted to a loss $29.8 million or $0.72 per diluted share for the year ended December 31, 2020 as compared to income of $2.6 million or $0.06 per diluted share for the year ended December 31, 2019. Net Income (Loss) Attributable to Common Shareholders amounted to income of $15.6 million or $0.38 per diluted share for the quarter ended December 31, 2020 as compared to a loss of $3.4 million or $0.08 per diluted share for the quarter ended December 31, 2019.

UMH PROPERTIES, INC. REPORTS RESULTS FOR THE YEAR ENDED AND THE FOURTH QUARTER ENDED DECEMBER 31, 2020

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FREEHOLD, NJ, Feb. 02, 2021 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH), a real estate investment trust (REIT) specializing in manufactured home communities, announced that it will host its Fourth Quarter and Full Year 2020 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Thursday, March 11, 2021, at 10:00 a.m. Eastern Time.

UMH PROPERTIES, INC. WILL HOST FOURTH QUARTER AND FULL YEAR 2020 FINANCIAL RESULTS WEBCAST AND CONFERENCE CALL

FREEHOLD, NJ, Jan. 21, 2021 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) announced that it closed on the acquisition of a manufactured home community located in Sumter, South Carolina for a total purchase price of approximately $3.4 million. This community contains 142 developed homesites, of which approximately 49% are occupied. It is situated on approximately 24 acres.

UMH PROPERTIES, INC. COMPLETES ACQUISITION OF SOUTH CAROLINA MANUFACTURED HOME COMMUNITY

FREEHOLD, NJ, Dec. 18, 2020 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) is proud to promote Shaya Baron to Director of Insurance. Shaya is licensed to sell insurance in each of the states where UMH operates.

UMH PROPERTIES, INC. ANNOUNCES PROMOTION OF SHAYA BARON

FREEHOLD, NJ, Dec. 17, 2020 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) is proud to promote Aaron Potter to Director of ESG. Aaron started with UMH in 2017 as an Operations Analyst and Assistant to the President. He graduated from Iona College with both his BBA ‘17 and MBA ‘18.

UMH PROPERTIES, INC. ANNOUNCES PROMOTION OF AARON POTTER

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FREEHOLD, NJ, Nov. 13, 2020 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) today announced that Samuel A. Landy, President and Chief Executive Officer, Anna T. Chew, Vice President and Chief Financial Officer, and Eugene W. Landy, Chairman of the Board, are scheduled to participate in Nareit's REITworld: 2020 Annual Conference, which will be held virtually on November 17-19, 2020.

UMH PROPERTIES, INC. TO PARTICIPATE IN NAREIT'S REITWORLD: 2020 ANNUAL CONFERENCE

UMH Properties, Inc. (UMH) CEO Samuel Landy on Q3 2020 Results - Earnings Call Transcript

UMH (UMH) delivered FFO and revenue surprises of 5.88% and 8.40%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?

UMH Properties (UMH) Surpasses Q3 FFO and Revenue Estimates

FREEHOLD, NJ, Nov. 04, 2020 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) reported Total Income for the quarter ended September 30, 2020 of $43.1 million as compared to $37.3 million for the quarter ended September 30, 2019, representing an increase of 16%. Net Loss Attributable to Common Shareholders amounted to $12.8 million or $0.31 per diluted share for the quarter ended September 30, 2020 as compared to Net Income of $5.6 million or $0.14 per diluted share for the quarter ended September 30, 2019. This decrease was due to the change in fair value of our marketable securities. During the quarter, the securities portfolio experienced an unrealized loss of $6.7 million as compared to an unrealized gain of $9.2 million in the prior year period. In addition, the Company called for redemption of all 3.8 million issued and outstanding shares of its 8.0% Series B Preferred Stock and recognized a preferred share redemption charge of $2.9 million related to the original issuance costs.

UMH PROPERTIES, INC. REPORTS RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2020

FREEHOLD, NJ, Oct. 20, 2020 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) today announced that on October 20, 2020, it completed its previously announced redemption of all 3,800,669 issued and outstanding shares of its 8.0% Series B Cumulative Redeemable Preferred Stock (the “Series B Preferred Stock”) (CUSIP 903002301). The redemption price was equal to the $25.00 per share liquidation preference plus accrued and unpaid dividends to, but not including, the October 20, 2020 redemption date in an amount of $0.2722 per share, for a total payment of $25.2722 per share.

UMH PROPERTIES, INC. COMPLETES ITS REDEMPTION OF ITS SERIES B PREFERRED STOCK

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FREEHOLD, NJ, Sept. 30, 2020 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) today announced that it has promoted Nelli Madden from Director of Investor Relations to Vice President of Investor Relations, effective October 1, 2020. 

UMH PROPERTIES, INC. ANNOUNCES PROMOTION OF NELLI MADDEN

FREEHOLD, NJ, Sept.  25, 2020  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH), a real estate investment trust (REIT) specializing in manufactured home communities, announced that it will host its Third Quarter 2020 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Thursday, November 5, 2020, at 10:00 a.m. Eastern Time.

UMH PROPERTIES, INC. WILL HOST THIRD QUARTER 2020 FINANCIAL RESULTS WEBCAST AND CONFERENCE CALL

FREEHOLD, NJ, Sept.  21, 2020  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) announced that it closed on the acquisition of a manufactured housing community located in New York for a total purchase price of approximately $4.5 million. This community contains 163 developed homesites, of which approximately 71% are occupied. It is situated on approximately 21 acres. 

UMH PROPERTIES, INC. COMPLETES ACQUISITION OF NEW YORK MANUFACTURED HOUSING COMMUNITY

FREEHOLD, N.J., Sept.  11, 2020  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (the “Company”) today announced that it will redeem all 3,800,669 issued and outstanding shares of its 8.0% Series B Cumulative Redeemable Preferred Stock (the “Series B Preferred Stock”) (CUSIP 903002301) on October 20, 2020 (the “Redemption Date”). The Series B Preferred Stock will be redeemed at a redemption price equal to the $25.00 per share liquidation preference of the Series B Preferred Stock plus accrued and unpaid dividends to, but not including, the Redemption Date in an amount of $0.2722 per share, for a total payment of $25.2722 per share (the “Redemption Price”).

UMH PROPERTIES, INC. ANNOUNCES REDEMPTION OF ALL OUTSTANDING 8.0% SERIES B PREFERRED STOCK

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