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

Earnings data Q3 2021

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

FREEHOLD, NJ, April 14, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) today announced that it closed on the acquisition of a 30-acre parcel of land located in Perrysburg, Ohio, for a total purchase price of $2.3 million. This land is fully entitled for the development of 115 manufactured home sites.

UMH PROPERTIES, INC. COMPLETES ACQUISITION OF LAND IN OHIO

UMH is currently paying out a 5.5% yield to its common shareholders. This formed a payout ratio of 102.5% and came with FFO, which declined by 9.1% year-over-year during its fiscal 2022 fourth quarter.

UMH Properties: The 5.5% Yield Could Be Safe But Consider The Preferreds

FREEHOLD, NJ, April 05, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH), a real estate investment trust (REIT) specializing in the ownership and operation of manufactured home communities, is providing investors with an update on our first quarter 2023 operating results.

UMH PROPERTIES, INC. FIRST QUARTER 2023 OPERATIONS UPDATE

Dominion Energy

Equity LifeStyle Properties

Supply constraints are often overlooked. They drive long-term success of real estate as exiting inventory is allowed to raise rates without threat of increased supply.

NIMBY And BANANA Opportunities In Real Estate And Energy

FREEHOLD, NJ, March 30, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH), a real estate investment trust (REIT) specializing in manufactured home communities, announced that it will host its First Quarter 2023 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Wednesday, May 10, 2023, at 10:00 a.m. Eastern Time.

UMH PROPERTIES, INC. WILL HOST FIRST QUARTER 2023 FINANCIAL RESULTS WEBCAST AND CONFERENCE CALL

FREEHOLD, NJ, March 16, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH), a real estate investment trust (REIT) specializing in manufactured home communities, announced today that it has published its 2022 Annual Report. It is now available on the Company's website at www.u m h.reit .

UMH PROPERTIES, INC. PUBLISHES ITS 2022 ANNUAL REPORT

FREEHOLD, NJ, March 13, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH), announced that on March 9, 2023, it entered into a $30 million revolving line of credit with Triad Financial Services secured by rental homes and rental home leases.

UMH PROPERTIES, INC. ENTERS INTO NEW REVOLVING CREDIT AGREEMENT

UMH Properties is positioned to benefit from strong demand for manufactured housing. Inflationary pressures are a near term headwind, but could ease throughout this year, and it has new developments coming online.

UMH Properties Near 52-Week Low Is A Buy

FREEHOLD, NJ, March 10, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) closed on the acquisition of a 24-acre parcel of land located in Monticello, New York, for a total purchase price of $137,000.

UMH PROPERTIES, INC. COMPLETES ACQUISITION OF MONTICELLO LAND

Home Appreciation US REIT ETF

Sun Communities

The manufactured housing sector has an impressive history of managing well through difficult economic and financial periods by providing a truly affordable housing proposition to an underserved market. The industry does not push rents as aggressively as more traditional rental housing operators during really strong periods such as 2021-22 but have been successful at raising rents.

Manufactured Housing: Predictable Top Line, But Operating Expenses Reset

UMH Properties, Inc. (NYSE:UMH ) Q4 2022 Earnings Conference Call March 1, 2023 10:00 AM ET Company Participants Nelli Madden - Vice President of Investor Relations Samuel Landy - President and Chief Executive Officer Anna Chew - Executive Vice President and Chief Financial Officer Eugene Landy - Founder and Chairman Brett Taft - Executive Vice President and Chief Operating Officer Conference Call Participants Gaurav Mehta - EF Hutton Rob Stevenson - Janney Craig Kucera - B. Riley Securities Jay McCanless - Wedbush Securities Operator Good morning and welcome to UMH Properties' Fourth Quarter and Full-Year 2022 Earnings Conference Call.

UMH Properties, Inc. (UMH) Q4 2022 Earnings Call Transcript

The following slide deck was published by UMH Properties, Inc. in conjunction with their 2022 Q4 earnings call.

UMH Properties, Inc. 2022 Q4 - Results - Earnings Call Presentation

FREEHOLD, NJ, Feb. 28, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income of $195.8 million for the year ended December 31, 2022 as compared to $186.1 million for the year ended December 31, 2021, representing an increase of 5%. Total Income for the quarter ended December 31, 2022 was $48.7 million as compared to $46.0 million for the quarter ended December 31, 2021, representing an increase of 6%. Net Income (Loss) Attributable to Common Shareholders amounted to a loss of $36.3 million or $0.67 per diluted share for the year ended December 31, 2022 as compared to income of $21.2 million or $0.45 per diluted share for the year ended December 31, 2021. Net Income Attributable to Common Shareholders amounted to $283,000 or $0.005 per diluted share for the quarter ended December 31, 2022 as compared to $9.4 million or $0.17 per diluted share for the quarter ended December 31, 2021.

UMH PROPERTIES, INC. REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2022

Blackstone Group

Mid-America Apartment Communities

Take advantage of today's depressed prices with these three high-yielding dividend stocks.

3 Dividend Stocks to Buy Before the Bear Market Ends

Digital Realty Trust

These three stocks are rebounding, making now the perfect time to lock in their high yields.

3 High-Yield Dividend Stocks to Buy Before the Next Bull Market

FREEHOLD, NJ, Feb. 03, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) is proud to announce the promotion of Stephanie McQuay to Director of Diversity, Equity and Inclusion. Ms. McQuay started at UMH in 2014 as an Administrative Assistant.

UMH PROPERTIES, INC. ANNOUNCES PROMOTION OF STEPHANIE MCQUAY TO DIRECTOR OF DIVERSITY, EQUITY AND INCLUSION

FREEHOLD, NJ, Jan. 25, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) today announced the tax treatment of its 2022 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, 2022.

UMH PROPERTIES, INC. ANNOUNCES TAX TREATMENT FOR 2022 DISTRIBUTIONS

FREEHOLD, NJ, Jan. 23, 2023 (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 2022 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Wednesday, March 1, 2023, at 10:00 a.m. Eastern Time.

UMH PROPERTIES, INC. WILL HOST FOURTH QUARTER AND FULL YEAR 2022 FINANCIAL RESULTS WEBCAST AND CONFERENCE CALL

FREEHOLD, NJ, Jan. 19, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) today announced that it closed on the acquisition of a manufactured home community located in Albany, Georgia, for a total purchase price of $3.65 million through UMH's qualified opportunity zone fund. This brand-new community contains 118 developed homesites and is situated on approximately 26 acres.

UMH PROPERTIES, INC. ANNOUNCES ACQUISITION OF A GEORGIA COMMUNITY THROUGH ITS QUALIFIED OPPORTUNITY ZONE FUND

Farmland Partners

Lennar

LGI Homes

The best real estate stocks have the potential to grow over the long term while continuing to offer the security of real property.

Best Real Estate Stocks

UMH Properties just hiked its dividend by 2.5%. But I like the preferred shares better. While preferred shareholders don't participate in potential capital gains, the 7.1% preferred dividend yield provides peace of mind.

UMH Properties: The 7.1% Yielding Preferred Shares Are Attractive

Flagship is a Canada-based but US-focused REIT in the manufactured housing community segment of the market. The REIT focuses on affordable housing for the working class.

Flagship Communities: Slightly Cheaper Than UMH Properties

FREEHOLD, NJ, Jan. 11, 2023 (GLOBE NEWSWIRE) -- On January 11, 2023, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) declared a quarterly dividend of $0.3984375 per share for the period from December 1, 2022 through February 28, 2023, on the Company's 6.375% Series D Cumulative Redeemable Preferred Stock payable March 15, 2023, to shareholders of record at the close of business on February 15, 2023. Series D preferred share dividends are cumulative and payable quarterly at an annual rate of $1.59375 per share.

UMH PROPERTIES, INC. DECLARES PREFERRED DIVIDENDS

UMH Properties has a large and growing portfolio of manufactured housing communities. It's set to benefit from its large land bank and heightened demand for affordable housing.

UMH Properties Is Cheap Enough After 40% Drop

Chevron

McKesson

If you are an investor looking for stocks to sell before a recession next year, you'll most likely be hitting the mark. While 2022 has been an alarming year for stocks due to rampant inflation and rate hikes, with most tech and cyclical stocks facing massive selloffs, many stocks are still long overdue for a correction.

News for UMH Properties Stock (UMH)