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, 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

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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

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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

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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

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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

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FREEHOLD, NJ, Dec. 23, 2022 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) closed, through its joint venture, on the acquisition of a newly developed all-age, manufactured home community located in Sebring, Florida for a total purchase price of $15.1 million. This community contains 144 developed homesites. It is situated on approximately 20 acres.

UMH PROPERTIES, INC. ACQUIRES NEWLY DEVELOPED COMMUNITY IN FLORIDA

FREEHOLD, NJ, Dec. 15, 2022 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) closed on the acquisition of a manufactured home community, located in Jackson, New Jersey, for a total purchase price of $23 million. This community contains 260 developed homesites, of which 98% are occupied. It is situated on approximately 42 acres.

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