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

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

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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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FREEHOLD, NJ, Aug.  24, 2020  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) announced today that it will ring the New York Stock Exchange (NYSE) Opening Bell on Tuesday, August 25, 2020, in celebration of the closing of our innovative credit facility which will further our mission of providing quality affordable housing.

UMH PROPERTIES, INC. TO RING THE NYSE OPENING BELL WITH THE FEDERAL NATIONAL MORTGAGE ASSOCIATION AND WELLS FARGO BANK 

FREEHOLD, NJ, Aug.  20, 2020  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) today announced that it has successfully completed the financing of 28 of its unencumbered communities, containing approximately 4,100 sites, through Wells Fargo Bank, N. A. for total proceeds of approximately $106 million. This Federal National Mortgage Association (Fannie Mae) credit facility has a 10-year maturity with a 30-year amortization schedule. Interest is at a fixed rate of 2.62%. The proceeds will be used to redeem our 8% Series B Perpetual Preferred Stock and to also invest in additional acquisitions, expansions and rental homes further enhancing our ability to provide quality affordable housing in the markets that we serve.

UMH PROPERTIES, INC. ANNOUNCES NEW CREDIT FACILITY

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UMH Properties, Inc. (UMH) CEO Samuel Landy on Q2 2020 Results - Earnings Call Transcript

UMH (UMH) delivered FFO and revenue surprises of 13.33% and -0.46%, respectively, for the quarter ended June 2020. Do the numbers hold clues to what lies ahead for the stock?

UMH Properties (UMH) Q2 FFO Beat Estimates

FREEHOLD, NJ, Aug.  05, 2020  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) reported Total Income for the quarter ended June 30, 2020 of $40.1 million as compared to $37.2 million for the quarter ended June 30, 2019, representing an increase of 8%. Net Income Attributable to Common Shareholders amounted to $10.2 million or $0.25 per diluted share for the quarter ended June 30, 2020 as compared to a Net Loss of $5.5 million or $0.15 per diluted share for the quarter ended June 30, 2019. This increase was due to the change in fair value of our marketable securities. During the quarter, the securities portfolio experienced an unrealized gain of $13.4 million as compared to an unrealized loss of $2.4 million in the prior year period.

UMH PROPERTIES, INC. REPORTS RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2020

FREEHOLD, NJ, July  24, 2020  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) announced that it closed on the acquisition of one community located in Pennsylvania for a total purchase price of approximately $3.34 million. This community contains 147 developed homesites, of which approximately 56% are occupied. It is situated on approximately 27 acres. 

UMH PROPERTIES, INC. COMPLETES ACQUISITION OF PENNSYLVANIA COMMUNITY

FREEHOLD, NJ, June  17, 2020  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) announced today that Samuel A. Landy, President and Chief Executive Officer, has been invited to present at The Impact of the COVID-19 Pandemic on Real Estate webinar, presented by Maxim Group and M-Vest on Tuesday, June 23, 2020.

UMH PROPERTIES, INC. TO PRESENT AT COVID-19 WEBINAR HOSTED BY MAXIM GROUP ON JUNE 23, 2020

FREEHOLD, NJ, May  27, 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 REITweek: 2020 Virtual Investor Conference.

UMH PROPERTIES, INC. TO PARTICIPATE IN NAREIT’S REITWEEK: 2020 VIRTUAL INVESTOR CONFERENCE

FREEHOLD, NJ, May  26, 2020  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) announced today that due to the public health impact of the coronavirus (COVID-19) pandemic, and to support the health and safety of its shareholders, employees, directors and other meeting participants, its 2020 Annual Meeting of Shareholders (the “Annual Meeting”) will be held solely by means of remote communication, via live audio webcast, at its originally-scheduled date and time of 4:00 p.m. Eastern Time on June 11, 2020. This year, shareholders will not be able to physically attend the Annual Meeting; however, shareholders attending the Annual Meeting virtually will be able to listen to and participate in the proceedings and will have opportunities to electronically vote their shares and ask questions equivalent to an in-person meeting of shareholders.

UMH PROPERTIES, INC. ANNOUNCES CHANGE TO A VIRTUAL MEETING FORMAT FOR 2020 ANNUAL MEETING OF SHAREHOLDERS ON JUNE 11, 2020

UMH Properties (UMH) CEO Samuel Landy on Q1 2020 Results - Earnings Call Transcript

FREEHOLD, NJ, April  20, 2020  (GLOBE NEWSWIRE) -- UMH Properties, Inc. understands that its investors may have concerns about the Company’s rent collections and operations in light of the COVID-19 pandemic.

UMH PROPERTIES, INC. COMMENTS ON APRIL RENT COLLECTIONS

UMH Properties: Resilience And Growth

FREEHOLD, NJ, April  02, 2020  (GLOBE NEWSWIRE) -- On April 2, 2020, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) declared its quarterly cash dividend on the Company’s Common Stock of $0.18 per share payable June 15, 2020, to shareholders of record at the close of business on May 15, 2020. The Company’s annual dividend rate on its Common Stock is $0.72 per share.

UMH PROPERTIES, INC.  DECLARES COMMON AND PREFERRED DIVIDENDS

FREEHOLD, NJ, April  01, 2020  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH), a real estate investment trust (REIT) specializing in manufactured home communities, announced today that it has published its Environmental, Social & Corporate Governance (“ESG”) Report. It is now available on the Company’s website at  www.umh.reit . 

UMH PROPERTIES, INC. PUBLISHES ITS ENVIRONMENTAL, SOCIAL & CORPORATE GOVERNANCE REPORT

FREEHOLD, NJ, March  26, 2020  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH), a real estate investment trust (REIT) specializing in manufactured home communities, announced today that it has published its 2019 Annual Report. It is now available on the Company’s website at  www.umh.reit .

UMH PROPERTIES, INC. PUBLISHES ITS 2019 ANNUAL REPORT

UMH Properties, Inc. (UMH) CEO Samuel Landy on Q4 2019 Results - Earnings Call Transcript

UMH (UMH) delivered FFO and revenue surprises of 6.25% and -4.06%, respectively, for the quarter ended December 2019. Do the numbers hold clues to what lies ahead for the stock?

UMH Properties (UMH) Q4 FFO Surpass Estimates

FREEHOLD, NJ, March  05, 2020  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) reported Total Income of $146.6 million for the year ended December 31, 2019 as compared to $129.6 million for the year ended December 31, 2018, representing an increase of 13%. Total Income for the quarter ended December 31, 2019 was $37.7 million as compared to $34.2 million for the quarter ended December 31, 2018, representing an increase of 10%. Net Income (Loss) Attributable to Common Shareholders amounted to $2.6 million or $0.06 per diluted share for the year ended December 31, 2019 as compared to a loss of $56.5 million or $1.53 per diluted share for the year ended December 31, 2018. Net Loss Attributable to Common Shareholders amounted to $3.4 million or $0.08 per diluted share for the quarter ended December 31, 2019 as compared to $32.9 million or $0.87 per diluted share for the quarter ended December 31, 2018.

UMH PROPERTIES, INC. REPORTS RESULTS FOR THE YEAR ENDED AND THE FOURTH QUARTER ENDED DECEMBER 31, 2019

FREEHOLD, NJ, Jan.  30, 2020  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) today announced the tax treatment of its 2019 distributions. The following tables summarize, for income tax purposes, the nature of cash distributions paid to stockholders of UMH’s common and preferred shares during the calendar year ended December 31, 2019.

UMH PROPERTIES, INC. ANNOUNCES TAX TREATMENT FOR 2019 DISTRIBUTIONS

FREEHOLD, NJ, Jan.  23, 2020  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) announced that it has been ranked the 6th largest manufactured home community portfolio owner/operator throughout North America in the 31th anniversary ALLEN REPORT authored by George Allen.

UMH PROPERTIES, INC. RANKED 6TH LARGEST LAND LEASE COMMUNITY PORTFOLIO OWNER/OPERATOR IN NORTH AMERICA

FREEHOLD, NJ, Jan.  15, 2020  (GLOBE NEWSWIRE) -- On January 15, 2020, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) declared its quarterly cash dividend on the Company’s Common Stock of $0.18 per share payable March 16, 2020, to shareholders of record at the close of business on February 18, 2020. The Company’s annual dividend rate on its Common Stock is $0.72 per share.

UMH PROPERTIES, INC.  DECLARES  COMMON AND PREFERRED DIVIDENDS

FREEHOLD, NJ, Dec.  12, 2019  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) today announced that it has promoted Brett Taft from Vice President to Chief Operating Officer, effective January 1, 2020. 

UMH PROPERTIES, INC. ANNOUNCES PROMOTION OF BRETT TAFT

FREEHOLD, NJ, Dec.  11, 2019  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) today announced that it welcomes James O. Lykins as a Vice President of Capital Markets, effective January 15, 2020. Previously, Jim was an analyst at D.A. Davidson & Co. from 2015-2019 where he covered the REIT sector. Prior to that beginning in 2014, he was the Acquisitions Manager at Whitestone REIT. He was at Hilliard Lyons from 2000-2014, including 12 years in Equity Research and two years in Investment Banking. Jim graduated from the University of Kentucky with a B.B.A. in Finance and received his MBA from Bellarmine University. His experience will add tremendous value to the overall operations of the Company. 

UMH PROPERTIES, INC. ANNOUNCES ADDITION OF VICE PRESIDENT OF CAPITAL MARKETS

FREEHOLD, N.J., Nov.  15, 2019  (GLOBE NEWSWIRE) --  UMH Properties, Inc. (NYSE: UMH) is pleased to announce that our Memphis Blues Community will be hosting The Mid-South Roll Call in conjunction with its Phase II Grand Opening on Saturday, November 16, 2019, from 8:00 am - 8:00 pm.

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