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UMH Properties Preferreds: Near 7% Yield, Manufacturing Housing Tailwinds, Good Coverage
Seeking Alpha· 2025-01-17 14:15
The US continues to face an ongoing housing shortage with no clear end in sight. One beneficiary of this tailwind is UMH Properties (NYSE: UMH ), a leading manufacturer and distributor of manufactured homes.Our Marketplace service, Hidden Dividend Stocks Plus, focuses on undercovered, undervalued income vehicles, and special high yield situations.We scour the US and world markets to find solid income opportunities with dividend yields ranging from 5% to 10%-plus, backed by strong earnings.We publish exclusi ...
Zacks Industry Outlook LifeStyle Properties, Veris Residential and UMH Properties
ZACKS· 2025-01-17 08:31
Industry Overview - The REIT and Equity Trust - Residential industry includes companies that own, develop, and manage residential properties such as apartment buildings, student housing, manufactured homes, and single-family homes [3] - Student housing properties are typically located near colleges and universities and are exclusively leased to students [4] - Demand for student housing is closely tied to enrollment growth at educational institutions [5] Market Dynamics - Elevated supply of new apartment units is creating pressure on rental rates despite strong demand [6] - The construction pipeline is depleting, suggesting promising occupancy and rent growth prospects in the coming years [7] - Increased use of concessions, particularly in lease-up assets, may drive higher renter turnover [8] - Healthy rental demand is supported by a strong labor market, favorable demographics, and high homeownership costs [9][10] Technological Initiatives - Residential REITs are adopting technologies like self-guided tours, digital move-ins, smart home systems, and AI-driven tools to enhance tenant experience and streamline operations [11] Industry Performance and Valuation - The REIT and Equity Trust - Residential industry has underperformed the broader Finance sector and the S&P 500, returning 6.1% compared to the S&P 500's 24.4% increase [15] - The industry is currently trading at a forward 12-month price-to-FFO ratio of 16.52X, below the S&P 500's forward 12-month P/E of 21.81X [16] Key Companies - **Equity Lifestyle Properties**: Focuses on manufactured home communities, RV resorts, and campgrounds, with a strategic advantage due to increasing demand and constrained supply [17][18] - Zacks Rank of 2 (Buy) with a 6.2% year-over-year increase in 2024 FFO per share estimate [19][20] - **Veris Residential**: Owns and operates multifamily rental properties in the Northeast, with a focus on technology-guided revenue optimization [21] - Zacks Rank of 2 with a 15.1% year-over-year increase in 2024 FFO per share estimate [22] - **UMH Properties**: Operates manufactured home communities across multiple states, benefiting from strong rental demand and a joint venture with Nuveen Real Estate [23][24][25] - Zacks Rank of 2 with an 8.1% year-over-year increase in 2024 FFO per share estimate [25]
UMH PROPERTIES, INC. WILL HOST FOURTH QUARTER AND FULL YEAR 2024 FINANCIAL RESULTS WEBCAST AND CONFERENCE CALL
GlobeNewswire· 2025-01-16 16:20
FREEHOLD, NJ, Jan. 16, 2025 (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 2024 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Thursday, February 27, 2025, at 10:00 a.m. Eastern Time. UMH’s Fourth Quarter and Full Year 2024 results will be released on Wedne ...
UMH PROPERTIES, INC. FOURTH QUARTER AND FULL YEAR 2024 OPERATIONS UPDATE
GlobeNewswire· 2025-01-06 12:00
FREEHOLD, NJ, Jan. 06, 2025 (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 the fourth quarter and full year 2024 operating results: As of yearend, UMH achieved an equity market capitalization of over $1.5 billion. During the year, UMH’s share price increased from $15.25 on January 2nd, 2024, to $18.88 on December 31st, 2024, represent ...
UMH Properties: The 6.9% Yielding Preferred Shares Enjoy Good Coverage
Seeking Alpha· 2024-11-27 15:30
UMH Properties (NYSE: UMH ) is one of the largest operators and owners of manufactured home communities: It leases home sites to residential homeowners. At the end of the third quarter, UMH had 139 communities in its portfolio withHe is the leader of the investment group European Small Cap Ideas which offers exclusive access to actionable research on appealing Europe-focused investment opportunities not found elsewhere. The a focus is on high-quality ideas in the small-cap space, with emphasis on capital ga ...
Take Advantage Of The Recent Correction Of The Preferred Stock Of UMH Properties
Seeking Alpha· 2024-11-26 08:01
Almost one and a half years ago, I recommended buying the preferred stock (NYSE: UMH.PR.D ) of UMH Properties ( UMH ) for its 7.5% dividend back then and its 20% upside potential, as I expected inflation and interest rates toI am a chemical engineer with a MS in Food Technology and Economics, and a MENSA member. I am the author of the book "Investing in Stocks and Bonds: The Early Retirement Project" (2024):I am also the author of the book "Mental Math: How to perform math calculations in your mind".I am al ...
UMH Properties(UMH) - 2024 Q3 - Earnings Call Transcript
2024-11-07 20:46
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 Conference Call Participants Rob Stevenson – Janney Gaurav Mehta – Alliance Global Partners Rich Anderson – Wedbush C ...
Compared to Estimates, UMH (UMH) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-11-07 03:00
For the quarter ended September 2024, UMH Properties (UMH) reported revenue of $60.67 million, up 8.3% over the same period last year. EPS came in at $0.24, compared to -$0.09 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $61.57 million, representing a surprise of -1.46%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.24.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street ...
UMH Properties (UMH) Q3 FFO Meet Estimates
ZACKS· 2024-11-07 01:31
UMH Properties (UMH) came out with quarterly funds from operations (FFO) of $0.24 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.22 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this real estate investment trust would post FFO of $0.22 per share when it actually produced FFO of $0.23, delivering a surprise of 4.55%.Over the last four quarters, the company has surpassed consensus FFO estimates two times.UMH, whic ...
UMH Properties(UMH) - 2024 Q3 - Quarterly Results
2024-11-06 21:45
Exhibit 99 September 30, 2024 Supplemental Information | 2 0 | --- | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------------------|-------|-------|-------|----------------------------------------|----------------------------------------------| | | | | | | | | UMH Properties, Inc. Juniper Business Plaza 3499 Route 9 North Freehold, NJ 07728 | | | | Website: Website Email: Phone: | www.umh.reitir@umh.com(732) 577-9997 | Table of Contents | --- | -- ...