UMH Properties (UMH) Company Overview

FREEHOLD, NJ, Jan. 22, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) today announced the tax treatment of its 2024 distributions. The following tables summarize, for income tax purposes, the nature of cash distributions paid to stockholders of UMH's common and preferred shares during the calendar year ended December 31, 2024.

This Industry Outlook article has featured LifeStyle Properties, Veris Residential, and UMH Properties.

UMH Properties benefits from the ongoing U.S. housing shortage, offering affordable manufactured homes with high occupancy rates and strong demand, leading to impressive earnings growth. The company plans to develop 200 expansion sites in 2024 and 500 in 2025, enabling organic growth without acquisitions. We rate UMH-D a BUY due to its well-covered yield and the supportive US housing market tailwind.

LifeStyle Properties, Veris Residential and UMH Properties have been highlighted in this Industry Outlook article.

Even with a high number of new units and the use of concessions, strong rental demand due to a robust job market and positive demographic trends positions companies in the Zacks Equity REIT - Residential sector, such as ELS, VRE, and UMH, for growth.

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.

FREEHOLD, NJ, Jan. 07, 2025 (GLOBE NEWSWIRE) -- On January 7, 2025, the Board of Directors of UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) declared its quarterly cash dividend on the Company's Common Stock of $0.215 per share payable March 17, 2025, to shareholders of record at the close of business on February 18, 2025. The Company's annual dividend rate on its Common Stock is $0.86 per share.

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 investment amid current market conditions.

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 Craig Kucera – Lucid Capital Markets John Massocca – B. Riley Securities Operator Thank you for standing by.