UMH

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

Retrieved on: 
Tuesday, May 9, 2023
Borrowing base, Common stock, UMH Properties, Senior, National Association of Real Estate Investment Trusts, White paper, REIT, Net, Form 10-K, GAAP, Sale, Interest, UMH, Real estate investment trust, FFO, Conference call, Investment, NAREIT, Longest increasing subsequence, NOI, Growth, Annual report, Conference, Normalization, Common, Video game, Life insurance, Property management, Security (finance), Cryptocurrency, Operation

“We are pleased to announce another solid quarter of operating results and an excellent start to 2023.

Key Points: 
  • “We are pleased to announce another solid quarter of operating results and an excellent start to 2023.
  • During the quarter, we converted 230 homes in inventory to rental units and increased our sales of manufactured homes by 70%.
  • Senior management will discuss the results, current market conditions and future outlook on Wednesday, May 10, 2023, at 10:00 a.m. Eastern Time.
  • The Company’s 2023 first quarter financial results being released herein will be available on the Company’s website at www.umh.reit in the “Financials” section.

UMH PROPERTIES, INC. COMPLETES ACQUISITION OF LAND IN OHIO

Retrieved on: 
Friday, April 14, 2023
UMH Properties, REIT, UMH, Acquisition, TASE, Growth, NYSE, Property management

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.

Key Points: 
  • 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.
  • Samuel A. Landy, President and Chief Executive Officer, commented, “We are pleased to acquire this entitled vacant land in Perrysburg, Ohio, which adjoins our Meadows of Perrysburg property.
  • These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina and Georgia.

UMH PROPERTIES, INC. FIRST QUARTER 2023 OPERATIONS UPDATE

Retrieved on: 
Wednesday, April 5, 2023
UMH Properties, REIT, Form 10-K, UMH, TASE, Annual report, NYSE, Finance, Property management

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.

Key Points: 
  • 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.
  • During the first quarter of 2023, demand for sales and rentals remained strong throughout the portfolio.
  • Sales for the first quarter of 2023 were approximately $7.3 million as compared to $4.3 million during the first quarter of 2022, representing a 70% increase and a new quarterly sales record.
  • This increase in occupancy, together with rent increases implemented in the first quarter, generated an increase in monthly rental charges of approximately $550,000 as of April 1, 2023, compared to January 1, 2023.

UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS 

Retrieved on: 
Monday, April 3, 2023
Common stock, UMH Properties, REIT, UMH, TASE, NYSE

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 25,700 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. WILL HOST FIRST QUARTER 2023 FINANCIAL RESULTS WEBCAST AND CONFERENCE CALL

Retrieved on: 
Thursday, March 30, 2023
UMH Properties, Senior, REIT, Interest, UMH, Conference call, Phase 10, TASE, Webcast, NYSE, Conference, Finance, Property management

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.

Key Points: 
  • 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’s First Quarter 2023 results will be released on Tuesday, May 9, 2023, after the close of trading on the New York Stock Exchange and will be available on the Company’s website at www.umh.reit , in the Financials section.
  • 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.

UMH PROPERTIES, INC. PUBLISHES ITS 2022 ANNUAL REPORT

Retrieved on: 
Thursday, March 16, 2023
Annual report, REIT, NYSE, TASE, UMH, UMH Properties, Cryptocurrency, Property management

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.

Key Points: 
  • 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.
  • Samuel A. Landy, President and Chief Executive Officer, commented, "We are proud to announce that our 2022 Annual Report is now available on our website.
  • 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. ENTERS INTO NEW REVOLVING CREDIT AGREEMENT

Retrieved on: 
Monday, March 13, 2023
REIT, NYSE, Housing, UMH, Government, NOI, UMH Properties, Property management

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.

Key Points: 
  • 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.
  • “Rental homes in manufactured housing communities are the best way to provide the Nation with quality affordable housing.
  • UMH currently owns over 10,000 rental homes and we anticipate adding 800 or more rental homes to our portfolio on an annual basis.
  • 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. COMPLETES ACQUISITION OF MONTICELLO LAND

Retrieved on: 
Friday, March 10, 2023
Acquisition, UMH, UMH Properties, REIT, NYSE, Property management

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.

Key Points: 
  • 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.
  • Samuel A. Landy, President and Chief Executive Officer, commented, “We are pleased to acquire this vacant land in Monticello, New York, which adjoins Kinnebrook Estates.
  • This vacant land will allow us to further expand the community generating additional sales profits and better operating results.
  • 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. REPORTS RESULTS FOR THE FOURTH QUARTER AND YEAR ENDED DECEMBER 31, 2022

Retrieved on: 
Tuesday, February 28, 2023
Interest, UMH Properties, Conference call, Housing, Normalization, Real estate investment trust, Senior, Fannie Mae, REIT, GAAP, Acquisition, Investment, UMH, White paper, Growth, FFO, National Association of Real Estate Investment Trusts, Conference, Form 10-K, Longest increasing subsequence, Sale, NOI, Borrowing base, Common stock, NAREIT, Credit, Annual report, Cryptocurrency, Life insurance, Commercial property, Security (finance), Video game, Bank, Operation

“During 2022, UMH made substantial progress on multiple fronts – generating solid operating results, achieving strong growth and improving our financial position.

Key Points: 
  • “During 2022, UMH made substantial progress on multiple fronts – generating solid operating results, achieving strong growth and improving our financial position.
  • These value-add acquisitions provide a runway for long-term NOI and earnings accretion but impacted our earnings in the short term.
  • We look forward to continuing to execute on our business plan and building long-term value for our dedicated shareholders.”
    UMH Properties, Inc. will host its Fourth Quarter and Year Ended December 31, 2022 Financial Results Webcast and Conference Call.
  • The Company’s fourth quarter and year ended December 31, 2022 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 PROMOTION OF STEPHANIE MCQUAY TO DIRECTOR OF DIVERSITY, EQUITY AND INCLUSION

Retrieved on: 
Friday, February 3, 2023
Equity, REIT, NYSE, UMH Properties, UMH, Inclusion, Management

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.

Key Points: 
  • 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.
  • Samuel A. Landy, President and Chief Executive Officer, commented, “In furthering UMH’s continued dedication to diversity, equity and inclusion, we have promoted Stephanie McQuay to be our Director of Diversity, Equity and Inclusion.
  • These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina and Georgia.