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.

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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, July 26, 2022 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) today announced that on July 26, 2022, it completed its previously announced redemption of all 9,884,000 issued and outstanding shares of its 6.75% Series C Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) (CUSIP 903002400). The redemption price was equal to the $25.00 per share liquidation preference plus accrued and unpaid dividends to, but not including, the July 26, 2022, redemption date in an amount of $0.2578 per share, for a total payment of $25.2578 per share.

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

FREEHOLD, NJ, July 14, 2022 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) closed on the acquisition of a manufactured home community located in Erie, Michigan. This community contains 351 developed homesites, of which approximately 63% are occupied. It is situated on approximately 88 acres.

UMH PROPERTIES, INC. COMPLETES ACQUISITION OF MICHIGAN MANUFACTURED HOME COMMUNITY

FREEHOLD, NJ, June 23, 2022 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH), a real estate investment trust (REIT) specializing in manufactured home communities, announced that it will host its Second Quarter 2022 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Thursday, August 4, 2022, at 10:00 a.m. Eastern Time.

UMH PROPERTIES, INC. WILL HOST SECOND QUARTER 2022 FINANCIAL RESULTS WEBCAST AND CONFERENCE CALL

UMH Properties, by a process of elimination, ended up at the top of my list of REIT candidates to explore. The transformation in their financing over very recent years has enormous positive implications for forward growth.

UMH Properties: Then And Now

FREEHOLD, N.J., June 16, 2022 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (the “Company”) today announced that it will redeem all 9,884,000 issued and outstanding shares of its 6.75% Series C Cumulative Redeemable Preferred Stock (the “Series C Preferred Stock”) (CUSIP 903002400) on July 26, 2022 (the “Redemption Date”). The Series C Preferred Stock will be redeemed at a redemption price equal to the $25.00 per share liquidation preference of the Series C Preferred Stock plus accrued and unpaid dividends to, but not including, the Redemption Date in an amount of $0.2578 per share, for a total payment of $25.2578 per share (the “Redemption Price”).

UMH PROPERTIES, INC. ANNOUNCES REDEMPTION OF ALL OUTSTANDING 6.75% SERIES C PREFERRED STOCK

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I feel conflicted about UMH, because it does have solid exposure to mobile home parks in the Rust Belt region of the US. The core portfolio is growing nicely, and rents are going up.

UMH Properties: Rust Belt Mobile Home REIT With Some Baggage

FREEHOLD, NJ, June 03, 2022 (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: 2022 Investor Conference, to be held in New York City, at the New York Hilton Midtown.

UMH PROPERTIES, INC. TO PARTICIPATE IN NAREIT'S REITWEEK: 2022 INVESTOR CONFERENCE

FREEHOLD, NJ, May 25, 2022 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) closed on the acquisition of a manufactured home community located in Dothan, Alabama for a total purchase price of approximately $3.9 million. This community contains 139 developed homesites, of which approximately 6% are occupied. It is situated on approximately 36 acres.

UMH PROPERTIES, INC. COMPLETES ACQUISITION OF ALABAMA MANUFACTURED HOME COMMUNITY

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UMH Properties, Inc. (NYSE:UMH ) Q1 2022 Earnings Conference Call May 5, 2022 10:00 AM ET Company Participants Nelli Madden - Vice President of Investor Relations Samuel Landy - President & Chief Executive Officer Anna Chew - Vice President & Chief Financial Officer Eugene Landy - Chairman Brett Taft - Vice President & Chief Operating Officer Daniel Landy - Vice President. Conference Call Participants Keegan Carl - Berenberg Rob Stevenson - Janney Craig Kucera - B.

UMH Properties, Inc. (UMH) CEO Samuel Landy on Q1 2022 Results - Earnings Call Transcript

FREEHOLD, NJ, May 04, 2022 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) reported Total Income for the quarter ended March 31, 2022 of $45.9 million as compared to $43.1 million for the quarter ended March 31, 2021, representing an increase of 6%. Net Loss Attributable to Common Shareholders amounted to $4.3 million or $0.09 per diluted share for the quarter ended March 31, 2022 as compared to a Net Income of $6.8 million or $0.16 per diluted share for the quarter ended March 31, 2021.

UMH PROPERTIES, INC. REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2022

FREEHOLD, NJ, May 03, 2022 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) closed on the acquisition of a manufactured home community located in Butler, Pennsylvania for a total purchase price of $7.4 million. This community contains 132 developed homesites. It is situated on approximately 65 acres. Additionally, there are 38 entitled sites for future development and 18 sites that are owned by residents who pay a common area maintenance fee.

UMH PROPERTIES, INC. COMPLETES ACQUISITION OF PENNSYLVANIA MANUFACTURED HOME COMMUNITY

FREEHOLD, NJ, April 12, 2022 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) is pleased to announce that on April 11, 2022, UMH was named Manufactured Housing Institute's Community Operator of the Year for the second year in a row. In addition, on April 12, 2022, UMH was awarded the Manufactured Housing Institute's Retail Sales Center of the Year Award for the second year in a row. This year, the award was given to UMH's Port Royal Sales Center, located in Belle Vernon, Pennsylvania.

UMH PROPERTIES, INC. HONORED WITH MANUFACTURED HOUSING INSTITUTE'S COMMUNITY OPERATOR OF THE YEAR AND RETAIL SALES CENTER OF THE YEAR AWARDS

FREEHOLD, NJ, April 04, 2022 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH), a real estate investment trust (REIT) specializing in manufactured home communities, announced that it will host its First Quarter 2022 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Thursday, May 5, 2022, at 10:00 a.m. Eastern Time.

UMH PROPERTIES, INC. WILL HOST FIRST QUARTER 2022 FINANCIAL RESULTS WEBCAST AND CONFERENCE CALL

FREEHOLD, NJ, March 29, 2022 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) announces that it has obtained a Second-Party Opinion on its March 2022 Sustainable Bond Framework from Sustainalytics.

UMH PROPERTIES, INC. OBTAINS SECOND-PARTY OPINION ON ITS SUSTAINABLE BOND FRAMEWORK

Manufactured housing communities are less costly and more environment friendly than site-built housing.

UMH Properties: Sailing High On Affordable Manufactured Housing Communities

FREEHOLD, NJ, March 17, 2022 (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 2021 Annual Report. It is now available on the Company's website at www.u m h.reit .

UMH PROPERTIES, INC. PUBLISHES ITS 2021 ANNUAL REPORT

FREEHOLD, NJ, March 15, 2022 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) today announced that it has successfully completed the addition of approximately 1,100 homes to our Fannie Mae credit facility, through Wells Fargo Bank, N. A., for total proceeds of approximately $25.6 million. This addition is coterminous with the remaining term of our existing facility, which matures in 2030. Interest is at a fixed rate of 4.25%. The proceeds will be used to invest in additional acquisitions, expansions and rental homes further enhancing our ability to increase shareholder value and provide quality affordable housing in the markets that we serve.

UMH PROPERTIES, INC. ANNOUNCES RENTAL HOME ADDITION TO FANNIE MAE CREDIT FACILITY

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UMH Properties, Inc. (UMH) CEO Samuel Landy on Q4 2021 Results - Earnings Call Transcript

UMH (UMH) delivered FFO and revenue surprises of 0% and 5.41%, respectively, for the quarter ended December 2021. Do the numbers hold clues to what lies ahead for the stock?

UMH Properties (UMH) Q4 FFO Meet Estimates

FREEHOLD, NJ, Feb. 24, 2022 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) reported Total Income of $186.1 million for the year ended December 31, 2021 as compared to $163.6 million for the year ended December 31, 2020, representing an increase of 14%. Total Income for the quarter ended December 31, 2021 was $46.0 million as compared to $42.8 million for the quarter ended December 31, 2020, representing an increase of 7%. Net Income Attributable to Common Shareholders amounted to $21.2 million or $0.45 per diluted share for the year ended December 31, 2021 as compared to a loss $29.8 million or $0.72 per diluted share for the year ended December 31, 2020. Net Income Attributable to Common Shareholders amounted to $9.4 million or $0.17 per diluted share for the quarter ended December 31, 2021 as compared to income of $15.6 million or $0.38 per diluted share for the quarter ended December 31, 2020.

UMH PROPERTIES, INC. REPORTS RESULTS FOR THE YEAR ENDED AND THE FOURTH QUARTER ENDED DECEMBER 31, 2021

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In light of soaring real estate prices, why not consider investing in manufactured homes and manufactured home communities? Let's dig in.

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