UMH Properties, Inc. Stock News

Despite high employment and wage growth, demand for affordable housing is at an all-time high, making MHC REITs a compelling investment. The four MHC REITs (ELS, MHCUF, SUI, UMH) show varied YTD returns, with market valuations and SSNOI differing significantly. Flagship Communities stands out as the growth and value leader, offering opportunistically cheap shares despite a recent equity issuance.

UMH Properties' strong FFO and AFFO performance ensures excellent dividend coverage, despite increased share count and preferred dividend payments. Issuing new common shares has reduced debt and interest expenses, enhancing the balance sheet's safety and equity cushion. Preferred shares offer a secure 6.89% yield, supported by ample common equity and prudent financial management.

UMH Properties' preferred stock has provided a 19% total return in less than 18 months, driven by reduced debt and lower interest rates. The REIT has significantly improved its financial health, lowering its leverage ratio from 7.7x to 4.9x and reducing interest expenses. The 6.9% preferred dividend is secure, given UMH's strong performance and historical resilience, making it an attractive inv...

UMH Properties, Inc. (NYSE:UMH ) Q3 2024 Earnings Conference Call November 7, 2024 10:00 AM ET Company Participants Craig Koster – Executive Vice President and General Counsel Eugene Landy – Founder and Chairman Samuel Landy – President and Chief Executive Officer Anna Chew – Executive Vice President and Chief Financial Officer Brett Taft – Executive Vice President and Chief Operating Officer C...

FREEHOLD, NJ, Nov. 06, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) reported Total Income for the quarter ended September 30, 2024 of $60.7 million, as compared to $56.0 million for the quarter ended September 30, 2023, representing an increase of 8%. Net Income Attributable to Common Shareholders amounted to $8.2 million or $0.11 per diluted share for the quarter ended S...

FREEHOLD, NJ, Nov. 04, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) announced that on November 1, 2024, the company closed on an acquisition of a self-storage facility adjoining one of UMH's communities in Anderson, Indiana. The facility contains 246 self-storage units. UMH now has more than 1,000 storage units in its portfolio. All of UMH's storage units either adjoin or...

REIT sectors are often mispriced due to broad-brush analysis; individual property types react differently to economic news, creating investment opportunities. Industrial REITs face weakened fundamentals but still have growth potential; STAG Industrial and Plymouth are undervalued within the sector. Manufactured housing REITs deserve their premium due to affordability and constrained supply; UMH...

FREEHOLD, NJ, Oct. 11, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) reported today on the impact of Hurricane Milton on its portfolio of manufactured housing communities.