Core Viewpoint - UMH Properties, Inc. has reported strong operational results for Q4 and full year 2024, highlighting a consistent increase in dividends and plans for future revenue growth through rent increases and new home investments [1][4]. Company Overview - UMH Properties, Inc. is a public equity REIT established in 1968, owning and operating 139 manufactured home communities with approximately 26,200 developed homesites, including 10,300 rental homes and over 1,000 self-storage units across multiple states [2]. Financial Performance - As of year-end 2024, UMH achieved an equity market capitalization exceeding $1.5 billion, with a share price increase from $15.25 to $18.88, representing a 24% rise. Including dividends, the total shareholder return was approximately 30% [4]. - In Q4 2024, UMH converted 122 new homes from inventory to revenue-generating rental homes, totaling 565 for the year, with an occupancy rate of 94% for its rental homes [4]. - Gross home sales revenue for Q4 was $8.4 million, up 9% from $7.7 million the previous year. For the full year, gross home sales revenue reached $32.6 million, a 4% increase from $31.2 million [4]. - Overall occupancy increased by 280 units to 88% year-to-date, with a Q4 increase of 46 units [4]. - Rental and related charges increased by approximately 9% in January 2025, leading to an annualized monthly rent roll generating about $210 million in annual rental revenue [4]. Capital Raising Activities - In Q4 2024, UMH issued and sold approximately 3.1 million shares of common stock at a weighted average price of $19.04, generating gross proceeds of $58.5 million. For the full year, approximately 12.5 million shares were sold at a weighted average price of $17.92, raising gross proceeds of $224.5 million [4].

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 ...

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, 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 ...

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) 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 ...

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 September 30, 2024, as compared to a Net Loss of $5.8 million or $0.09 per diluted share for the quarter ended Septe ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________ to ___________ Commission File Number 001-12690 UMH PROPERTIES, INC. (Exact name of registrant as specified in its charter) | --- | --- | |------------------ ...

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 are in close proximity to a UMH community.         Samuel A. Landy, President and Chief Executive Officer, comment ...

Core Viewpoint - UMH Properties, Inc. reported minimal damage to its manufactured housing communities due to Hurricane Milton, emphasizing the safety of residents and employees and the durability of its homes [2]. Company Overview - UMH Properties, Inc. is a public equity REIT established in 1968, owning and operating 136 manufactured home communities with approximately 25,800 developed homesites across multiple states including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, and Georgia [2]. - The company also has a joint venture with Nuveen Real Estate, operating two communities in Florida with a total of 363 sites [2]. Impact of Hurricane Milton - The hurricane caused high winds and heavy rain in Florida, leading to relatively minor damage in UMH's communities [2]. - The company is taking measures to clean up and repair any damages, but does not expect a material impact on its operations or financial results [2]. - UMH Properties is prepared to provide support to local, state, and federal governments as needed [2].