UMH Properties(UMH)

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Zacks Industry Outlook Equity Residential, Camden Property Trust and UMH Properties
ZACKS· 2025-04-17 10:11
Industry Overview - The Zacks REIT and Equity Trust - Residential industry is currently facing several headwinds, including economic uncertainty, slower job growth, federal job cuts, and new tariffs, which are negatively impacting consumer confidence and household formation [1][5] - Elevated supply in certain regions is placing downward pressure on rents, limiting growth potential in the near to mid-term [1][7] - Despite these challenges, rental demand remains historically strong, supported by favorable demographics and the growing affordability gap between renting and homeownership [2][9] Economic Factors - Job growth has slowed considerably in early 2025, with federal job cuts and tariffs creating additional drag on the labor market, affecting consumer confidence and financial stability [5][6] - The U.S. residential real estate market is experiencing strong fundamentals, with record-setting demand providing a tailwind for occupancy and rent growth [9][10] Market Performance - The REIT and Equity Trust - Residential industry has underperformed the broader Zacks Finance sector and the S&P 500 over the past year, returning 8% compared to the S&P 500's increase of 8.1% and the Finance sector's rally of 15.8% [14] - The industry's current valuation is at a forward 12-month price-to-FFO ratio of 16.35X, which is above the Finance sector's forward P/E of 15.30X but below the S&P 500's forward P/E of 19.88X [15] Company Highlights - **Equity Residential**: Positioned to benefit from favorable apartment market conditions, with a strong presence in urban and high-density suburban areas. The company has a healthy balance sheet with nearly $1.95 billion in liquidity and an A-rated balance sheet [16][18][19] - **Essex Property Trust**: Focused on the West Coast market, benefiting from healthy demand for residential units and favorable affordability conditions. The company maintains a healthy balance sheet and is leveraging technology for operational efficiency [20][21][22] - **UMH Properties, Inc.**: Operates 141 manufactured home communities and has seen an increase in occupancy rates. The company announced a 4.7% increase in its quarterly common stock dividend, reflecting solid operating results [23][25][26][27]
UMH Properties Provides Q1 Operating Update, Sees Occupancy Gains
ZACKS· 2025-04-03 20:00
UMH Properties, Inc. (UMH) , a REIT that specializes in manufactured home communities, has recently come up with its operating update for the first quarter that reflected an occupancy increase in the quarter.UMH’s same-property occupancy rose by 113 units in the quarter and 227 units year over year, reaching 88%. It converted 115 new homes from inventory to revenue-generating rental homes in the first quarter of 2025, bringing its total rental portfolio to approximately 10,400 homes. The rental home occupan ...
UMH PROPERTIES, INC. FIRST QUARTER 2025 OPERATIONS UPDATE
Globenewswire· 2025-04-02 20:15
FREEHOLD, NJ, April 02, 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 first quarter of 2025 operating results: UMH converted 115 new homes from inventory to revenue generating rental homes. UMH now owns approximately 10,400 rental homes with an occupancy rate of 94.7%. Same Property occupancy increased by 113 units during ...
UMH Rewards Investors With 4.7% Dividend Hike: Is it Sustainable?
ZACKS· 2025-04-02 18:35
UMH Properties, Inc. (UMH) announced a 4.7% increase in the company’s quarterly common stock dividend, raising it to 22.5 cents per share from 21.5 cents paid earlier. The increased dividend will be paid out on June 16 to shareholders on record as of May 15, 2025.Based on the increase, the annual dividend rate now comes to 90 cents per share, resulting in an annualized yield of 4.82%, considering UMH Properties’ closing price of $18.69 on April 1, 2025.Solid dividend payouts remain the biggest enticements f ...
UMH Properties: Buy For Income, Hold For Growth
Seeking Alpha· 2025-04-02 12:00
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UMH PROPERTIES, INC. ANNOUNCES DIVIDEND INCREASE
Globenewswire· 2025-04-01 20:15
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 141 manufactured home communities, containing approximately 26,500 developed homesites, of which 10,300 contain rental homes, and over 1,000 self-storage units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 141 communities are two communities in Florida, containing 363 sites, that U ...
UMH PROPERTIES, INC. DECLARES PREFERRED DIVIDEND
Globenewswire· 2025-04-01 20:13
# # # # # UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 141 manufactured home communities, containing approximately 26,500 developed homesites, of which 10,300 contain rental homes, and over 1,000 self-storage units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 141 communities are two communities in Florida, containing 363 sit ...
UMH Properties Acquires Two New Jersey Manufactured Home Communities
ZACKS· 2025-03-26 17:35
UMH Properties, Inc. (UMH) recently acquired two age-restricted manufactured home communities, Cedar Grove Park and Maplewood Village in Mantua, NJ, for a total purchase price of $24.6 million.Cedar Grove Park and Maplewood Village are high-quality stabilized communities that contain all modern, homeowner-occupied, manufactured homes. These communities, which are situated on approximately 38 acres, consist of 266 developed homesites, of which 100% are occupied.These communities are well-located near Philade ...
UMH PROPERTIES, INC. COMPLETES ACQUISITION OF TWO NEW JERSEY MANUFACTURED HOME COMMUNITIES
Globenewswire· 2025-03-24 20:55
Core Insights - UMH Properties, Inc. has successfully acquired two age-restricted manufactured home communities in Mantua, New Jersey for a total of $24.6 million, which includes 266 developed homesites that are fully occupied [1][2] - The acquisition is expected to be accretive to earnings and offers additional upside through the brokerage of home sales, indicating strong demand in the area [2] Company Overview - UMH Properties, Inc. is a public equity REIT established in 1968, owning and operating 141 manufactured home communities with approximately 26,500 developed homesites, of which 10,300 are rental homes [2] - The company's properties are located across several states including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida, and Georgia [2] - UMH also has a joint venture with Nuveen Real Estate, which includes two communities in Florida with 363 sites [2]
UMH PROPERTIES, INC. PUBLISHES ITS 2024 ANNUAL REPORT
Globenewswire· 2025-03-19 20:30
Core Insights - UMH Properties, Inc. has published its 2024 Annual Report, which is now available on the company's website [1][2] - The company operates 139 manufactured home communities with approximately 26,300 developed homesites, including 10,300 rental homes and over 1,000 self-storage units [2] Company Overview - UMH Properties, Inc. is a public equity REIT established in 1968, focusing on manufactured home communities [2] - The company's communities are located across multiple states, including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida, and Georgia [2] - Among the 139 communities, there are two in Florida with 363 sites, operated through a joint venture with Nuveen Real Estate [2]