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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Earnings data Q2 2023

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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.

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Investors need to pay close attention to UMH Properties (UMH) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in UMH Properties (UMH) Stock?

UMH Properties is a REIT that owns and operates manufactured home communities in the eastern US. The company generates stable income through rent collection on land lots and has the potential for future growth through acquisitions and rent price hikes. UMH has a strong track record, experienced management, and potential for dividend growth, making it a decent REIT investment.

UMH Properties Has The Potential To Become A High-Quality REIT

UMH Properties (UMH) showcases a decent third-quarter 2023 performance with growth in home sales and rentals, driving occupancy and rental charges.

UMH Properties (UMH) Experiences Growth in Occupancy & Rent

While the top- and bottom-line numbers for UMH (UMH) give a sense of how the business performed in the quarter ended June 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

UMH (UMH) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates

UMH Properties (UMH) came out with quarterly funds from operations (FFO) of $0.21 per share, beating the Zacks Consensus Estimate of $0.20 per share. This compares to FFO of $0.16 per share a year ago.

UMH Properties (UMH) Q2 FFO and Revenues Top Estimates

FREEHOLD, NJ, Aug. 08, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income for the quarter ended June 30, 2023 of $55.3 million as compared to $49.2 million for the quarter ended June 30, 2022, representing an increase of 12.3%. Net Loss Attributable to Common Shareholders amounted to $4.4 million or $0.07 per diluted share for the quarter ended June 30, 2023 as compared to a Net Loss of $22.5 million or $0.41 per diluted share for the quarter ended June 30, 2022. Normalized Funds from Operations Attributable to Common Shareholders (“Normalized FFO”), was $13.0 million or $0.21 per diluted share for the quarter ended June 30, 2023, as compared to $12.0 million or $0.22 per diluted share for the quarter ended June 30, 2022, and $11.7 million or $0.20 for the quarter ended March 31, 2023, representing a 4.5% per diluted share increase sequentially.

UMH PROPERTIES, INC. REPORTS RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2023

UMH Properties (UMH) showcases a strong second-quarter 2023 performance with significant growth in home sales and rentals.

UMH Properties (UMH) Sees a Rise in Occupancy & Income in Q2

FREEHOLD, NJ, July 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 second quarter 2023 operating results.

UMH PROPERTIES, INC. SECOND QUARTER 2023 OPERATIONS UPDATE

FREEHOLD, NJ, June 28, 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 Second Quarter 2023 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Wednesday, August 9, 2023, at 10:00 a.m. Eastern Time.

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

UMH Properties' preferred stock offers a 7.5% dividend yield and 20% upside potential over the next 3-5 years. The REIT is expected to reduce its debt load and restore inventory levels in the coming months, ensuring dividend safety. UMH Properties has a strong business momentum, resilience to recessions, and promising growth prospects in the Marcellus & Utica Shale regions.

Lock In The 7.5% Preferred Dividend Of UMH Properties

UMH Properties is a residential REIT specializing in manufactured home communities, with a portfolio of 135 communities and 25,700 homesites, primarily in Pennsylvania and Ohio. The company has a high net debt-to-EBITDA ratio of 7.7x and a history of high dividend payout ratios, raising concerns about its financial stability and dividend sustainability. Despite management's expectations of increased income from clearing the backlog of homesites, the perceived risks and current overvaluation lead to a "Sell" rating for the company.

UMH Properties: Overvalued, High Dividend Payout Ratio A Concern

UMH Properties, Inc., a real estate investment trust, offers manufactured homes as a solution to the US affordable housing crisis, with potential for growth due to rising demand and a growing senior population. The company has entered into new debt with a term loan and revolving line of credit, which is secured and has a mix of fixed and variable rates, suggesting a sustainable debt-acquisition strategy. Despite some profitability concerns, UMH's sustainable finance framework has received a positive independent second-party opinion from Sustainalytics, boosting its reputation and investor confidence.

UMH Properties: Good Days Ahead, But Watch Red Flags

UMH owns a manufactured home portfolio with heavy exposure to the Northeastern U.S. The REIT has been working to get more homesites available for sale and rent. The company paid out slightly more than its adjusted FFO in the first quarter.

Here's How UMH Properties Can Afford Its 5% Dividend Yield

FREEHOLD, NJ, June 16, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) is pleased to announce that it has obtained an independent second-party opinion (SPO) from Sustainalytics on UMH's April 2023 Sustainable Finance Framework. UMH's April 2023 framework gives greater flexibility in the types of ESG financing that it could potentially attract. The April 2023 framework was designed to comply with the 2021 Sustainable Bond Guidelines, the 2021 Green Bond Principles and the 2021 Social Bond Principles developed by the International Capital Markets Association.

UMH PROPERTIES, INC. OBTAINS AN INDEPENDENT SECOND-PARTY OPINION FROM SUSTAINALYTICS

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FREEHOLD, NJ, June 02, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) today announced that Samuel A. Landy, President and Chief Executive Officer, Anna T. Chew, Executive Vice President and Chief Financial Officer, Eugene W. Landy, Chairman of the Board, and Brett Taft, Executive Vice President and Chief Operating Officer, are scheduled to participate in Nareit's REITweek: 2023 Investor Conference, to be held in New York City, at the New York Hilton Midtown.

UMH PROPERTIES, INC. TO PARTICIPATE IN NAREIT'S REITWEEK: 2023 INVESTOR CONFERENCE

FREEHOLD, NJ, May 25, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) is pleased to announce that on May 21, 2023, Samuel A. Landy, President and Chief Executive Officer, received an Honorary Doctorate Degree of Business Administration from Curry College in Milton, Massachusetts.

SAMUEL A. LANDY, PRESIDENT AND CEO OF UMH PROPERTIES, INC. AND LAURIE LANDY, FOUNDING DIRECTOR AND DEVELOPMENT DIRECTOR OF SPECIAL STRIDES, RECEIVE AN HONORARY DOCTORATE DEGREE FROM CURRY COLLEGE

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Pain In The Housing Market Is Setting The Stage For Significant Value Creation

FREEHOLD, NJ, May 12, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH), announced that on May 11, 2023, it entered into a $25 million term loan with FirstBank. The term loan has a 5-year term with a competitive fixed interest rate. The previous line of credit had a balance of $15.1 million which has been rolled into the new term loan. The term loan is secured by rental homes, and their leases, in various communities throughout our portfolio. Additionally, we entered into a new $25 million line of credit secured by rental homes and their leases. This new line of credit also has a 5-year term and has a variable rate tied to Prime.

UMH PROPERTIES, INC. ENTERS INTO NEW TERM LOAN AND REVOLVING LINE OF CREDIT

UMH Properties, Inc. (NYSE:UMH ) Q1 2023 Results Conference Call May 10, 2023 10:00 AM ET Company Participants Craig Koster - EVP and General Counsel Eugene Landy - Founder and Chairman Samuel Landy - President and CEO Anna Chew - EVP and CFO Brett Taft - EVP and COO Conference Call Participants Keegan Carl - Wolfe Research Rob Stevenson - Janney Craig Kucera - B. Riley FBR Jay McCanless - Wedbush Securities Operator Good morning, and welcome to the UMH Properties First Quarter 2023 Earnings Conference Call.

UMH Properties, Inc. (UMH) Q1 2023 Earnings Call Transcript

UMH Properties (UMH) came out with quarterly funds from operations (FFO) of $0.20 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.17 per share a year ago.

UMH Properties (UMH) Q1 FFO Meet Estimates

FREEHOLD, NJ, May 09, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income for the quarter ended March 31, 2023 of $52.6 million as compared to $45.9 million for the quarter ended March 31, 2022, representing an increase of 15%. Net Loss Attributable to Common Shareholders amounted to $5.3 million or $0.09 per diluted share for the quarter ended March 31, 2023 as compared to a Net Loss of $4.3 million or $0.09 per diluted share for the quarter ended March 31, 2022.

UMH PROPERTIES, INC. REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2023

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.

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