UMH Properties

UMH PROPERTIES, INC. REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2023

Retrieved on: 
Wednesday, February 28, 2024

“During 2023, UMH made substantial progress on multiple fronts – generating solid operating results, achieving strong growth and improving our financial position.

Key Points: 
  • “During 2023, UMH made substantial progress on multiple fronts – generating solid operating results, achieving strong growth and improving our financial position.
  • UMH is strategically positioned to continue to increase earnings through the execution of our long-term business plan.
  • Senior management will discuss the results, current market conditions and future outlook on Thursday, February 29, 2024 at 10:00 a.m. Eastern Time.
  • The Company’s fourth quarter and year ended December 31, 2023 financial results being released herein will be available on the Company’s website at www.umh.reit in the “Financials” section.

UMH PROPERTIES, INC. ANNOUNCES TAX TREATMENT FOR 2023 DISTRIBUTIONS

Retrieved on: 
Thursday, January 25, 2024

Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from the Company.

Key Points: 
  • Shareholders are encouraged to consult with their tax advisors as to the specific tax treatment of the distributions they received from the Company.
  • UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites.
  • These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina and Georgia.
  • UMH also has an ownership interest in and operates two communities in Florida, containing 363 sites, through its joint venture with Nuveen Real Estate.

UMH PROPERTIES, INC. WILL HOST FOURTH QUARTER AND FULL YEAR 2023 FINANCIAL RESULTS WEBCAST AND CONFERENCE CALL

Retrieved on: 
Thursday, January 18, 2024

FREEHOLD, NJ, Jan. 18, 2024 (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 Fourth Quarter and Full Year 2023 Financial Results Webcast and Conference Call.

Key Points: 
  • FREEHOLD, NJ, Jan. 18, 2024 (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 Fourth Quarter and Full Year 2023 Financial Results Webcast and Conference Call.
  • Senior management will discuss the results, current market conditions and future outlook on Thursday, February 29, 2024, at 10:00 a.m. Eastern Time.
  • To participate in the webcast, select the webcast icon on the homepage of the Company’s website at www.umh.reit , in the Upcoming Events section.
  • A transcript of the call and the webcast replay will be available at the Company’s website, www.umh.reit .

UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS

Retrieved on: 
Wednesday, January 10, 2024

The Company’s annual dividend rate on its Common Stock is $0.82 per share.

Key Points: 
  • The Company’s annual dividend rate on its Common Stock is $0.82 per share.
  • Series D preferred share dividends are cumulative and payable quarterly at an annual rate of $1.59375 per share.
  • UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 135 manufactured home communities containing approximately 25,800 developed homesites.
  • UMH also has an ownership interest in and operates two communities in Florida, containing 363 sites, through its joint venture with Nuveen Real Estate.

UMH PROPERTIES, INC. 2023 YEAR END OPERATIONS UPDATE

Retrieved on: 
Thursday, January 4, 2024

FREEHOLD, NJ, Jan. 04, 2024 (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 year end 2023 operating results:

Key Points: 
  • FREEHOLD, NJ, Jan. 04, 2024 (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 year end 2023 operating results:
    As of year end, UMH achieved an equity market capitalization of over $1 billion.
  • During the year, UMH rented 1,040 new homes, 130 of which were rented during the fourth quarter.
  • During the year, UMH sold 164 new homes, 41 of which were sold during the fourth quarter.
  • The Company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.

UMH PROPERTIES, INC. CELEBRATES 55th ANNIVERSARY AT THE NEW YORK STOCK EXCHANGE ON JANUARY 10, 2024

Retrieved on: 
Thursday, January 4, 2024

FREEHOLD, NJ, Jan. 04, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) today announced that it will celebrate its 55th Anniversary by ringing the Opening Bell at the New York Stock Exchange (NYSE) on January 10, 2024.

Key Points: 
  • FREEHOLD, NJ, Jan. 04, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) today announced that it will celebrate its 55th Anniversary by ringing the Opening Bell at the New York Stock Exchange (NYSE) on January 10, 2024.
  • At yearend 2023, UMH had 68 million shares outstanding at a price of $15.32 per share, resulting in an equity market capitalization of over $1 billion.
  • “Over the past 55 years, UMH has provided quality affordable housing using manufactured homes in communities that we operate.
  • UMH also has an ownership interest in and operates two communities in Florida, containing 363 sites, through a joint venture with Nuveen Real Estate.

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

Retrieved on: 
Thursday, December 14, 2023

FREEHOLD, NJ, Dec. 14, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) today announced that it completed the addition of eight communities, containing 1,281 sites, to its Fannie Mae credit facility through Wells Fargo Bank, N.A., for total proceeds of approximately $57.7 million.

Key Points: 
  • FREEHOLD, NJ, Dec. 14, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) today announced that it completed the addition of eight communities, containing 1,281 sites, to its Fannie Mae credit facility through Wells Fargo Bank, N.A., for total proceeds of approximately $57.7 million.
  • The proceeds will be used to invest in additional acquisitions, expansions, rental homes and repay higher interest rate debt on a short-term basis.
  • “We are proud of our team and our lending partners at Wells Fargo and Fannie Mae for completing this transaction.
  • UMH also has an ownership interest in and operates two communities in Florida, containing 363 sites, through a joint venture with Nuveen Real Estate.

Cavco Releases First HUD-Approved Manufactured Duplex Homes

Retrieved on: 
Tuesday, December 12, 2023

PHOENIX, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) (“Cavco” or the “Company”) is proud to announce a significant innovation in the manufactured home industry with the launch of the first nationally available, manufactured duplex approved by the Department of Housing and Urban Development (“HUD”).

Key Points: 
  • PHOENIX, Dec. 12, 2023 (GLOBE NEWSWIRE) -- Cavco Industries, Inc. (Nasdaq: CVCO) (“Cavco” or the “Company”) is proud to announce a significant innovation in the manufactured home industry with the launch of the first nationally available, manufactured duplex approved by the Department of Housing and Urban Development (“HUD”).
  • “I am immensely proud of our team in creating our latest affordable housing innovation,” said Bill Boor, President and Chief Executive Officer of Cavco.
  • With interest nationally, Cavco, Virginia Housing and the Virginia Manufactured and Modular Housing Association (“VAMMHA”) co-hosted UMH Properties, Inc., a public REIT that owns and operates 135 manufactured home communities to unveil this exciting new Cavco duplex product.
  • On December 12, 2023 at Fleetwood Homes in Rocky Mount, Virginia, attendees were the first to tour Cavco’s new HUD-approved manufactured duplex homes.

UMH PROPERTIES, INC. EXPANDS JOINT VENTURE PARTNERSHIP WITH NUVEEN REAL ESTATE

Retrieved on: 
Thursday, November 30, 2023

FREEHOLD, NJ, Nov. 30, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) today announced that it has expanded its partnership with Nuveen Real Estate, a TIAA company through entering into a new joint venture.

Key Points: 
  • FREEHOLD, NJ, Nov. 30, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) today announced that it has expanded its partnership with Nuveen Real Estate, a TIAA company through entering into a new joint venture.
  • UMH will have a 40% stake in the joint venture and will serve as the managing member, developer and operating member.
  • UMH initially acquired the land in November 2022 which is being sold to the joint venture.
  • UMH also has an ownership interest in and operates two communities in Florida, containing 363 sites, through a joint venture with Nuveen Real Estate.

UMH PROPERTIES, INC. ANNOUNCES GEORGE KLINE AS VICE PRESIDENT OF CORPORATE SECURITY

Retrieved on: 
Wednesday, November 29, 2023

FREEHOLD, NJ, Nov. 29, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH), announced the addition of George Kline, Vice President of Corporate Security.

Key Points: 
  • FREEHOLD, NJ, Nov. 29, 2023 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH), announced the addition of George Kline, Vice President of Corporate Security.
  • Samuel A. Landy, President and Chief Executive Officer commented, "UMH is pleased to announce the addition of George Kline who will be an excellent asset to our team.
  • Mr. Kline began his private sector career in 2013 with a large security company overseeing all investigations and the creation of a central command center.
  • Kline will be responsible for all aspects of resident and corporate security.