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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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 Properties, Inc. (UMH) CEO Samuel Landy on Q3 2019 Results - Earnings Call Transcript

UMH (UMH) delivered FFO and revenue surprises of -16.67% and -3.84%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?

UMH Properties (UMH) Q3 FFO and Revenues Miss Estimates

FREEHOLD, NJ, Nov.  07, 2019  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) reported Total Income for the quarter ended September 30, 2019 of $37,329,000 as compared to $33,447,000 for the quarter ended September 30, 2018, representing an increase of 12%. Net Income Attributable to Common Shareholders amounted to $5,622,000 or $0.14 per diluted share for the quarter ended September 30, 2019 as compared to Net Loss of $11,473,000 or $0.31 per diluted share for the quarter ended September 30, 2018.

UMH PROPERTIES, INC. REPORTS RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2019

FREEHOLD, NJ, Oct.  18, 2019  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) announced that it will present to the Philadelphia Securities Association (PSA) on Wednesday, October 30, 2019. UMH Properties, Inc. has been presenting to the PSA for 21 consecutive years. The Forum will be held at the Union League of Philadelphia, located in Philadelphia, PA.

UMH PROPERTIES, INC. WILL MAKE 21st CONSECUTIVE ANNUAL INVESTOR PRESENTATION TO THE PHILADELPHIA SECURITIES ASSOCIATION

FREEHOLD, NJ, Oct.  03, 2019  (GLOBE NEWSWIRE) --  On October 3, 2019 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 December 16, 2019, to shareholders of record at the close of business on November 15, 2019. The Company’s annual dividend rate on its Common Stock is $0.72 per share.

UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS.

FREEHOLD, N.J., Sept.  27, 2019  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) is pleased to announce that on September 23, 2019 Samuel Landy, President and CEO, received the Manufactured Housing Institute's Chairman’s Award. This award is presented each year to a member who exhibits exceptional leadership and works to promote and advance the manufactured housing industry.

SAMUEL LANDY RECEIVES MHI’S CHAIRMAN’S AWARD

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UMH Properties' (UMH) latest purchase of Northtowne Meadows, in the challenging acquisition market, marks the completion of the company's four-community portfolio buyout for around $55 million.

UMH Properties Closes Portfolio Buyout, Adds New Community

FREEHOLD, NJ, Aug.  27, 2019  (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) announced that it closed on the acquisition of one community located in Michigan for a total purchase price of approximately $25.2 million. This community contains 386 developed homesites, of which approximately 88% are occupied. It is situated on approximately 85 acres. 

UMH PROPERTIES, INC. COMPLETES ACQUISITION OF MICHIGAN COMMUNITY

UMH Properties, Inc. (UMH) CEO Samuel Landy on Q2 2019 Results - Earnings Call Transcript

UMH (UMH) delivered FFO and revenue surprises of -17.65% and 2.68%, respectively, for the quarter ended June 2019. Do the numbers hold clues to what lies ahead for the stock?

UMH Properties (UMH) Q2 FFO Lag Estimates

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UMH Properties, Inc. (UMH) CEO Samuel Landy on Q1 2019 Results - Earnings Call Transcript

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