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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, INC. REPORTS RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2024
GlobeNewswire News Room· 2024-11-06 21:30
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 ...
UMH Properties(UMH) - 2024 Q3 - Quarterly Report
2024-11-06 21:15
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) | --- | --- | |------------------ ...
UMH PROPERTIES, INC. SURPASSES 1,000 SELF-STORAGE UNITS
GlobeNewswire News Room· 2024-11-04 21:15
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 ...
UMH PROPERTIES, INC. REPORTS ON THE IMPACT OF HURRICANE MILTON
GlobeNewswire News Room· 2024-10-11 20:15
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].
UMH PROPERTIES, INC. Q3 2024 OPERATIONS UPDATE
GlobeNewswire News Room· 2024-10-03 20:15
FREEHOLD, NJ, Oct. 03, 2024 (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 our third quarter 2024 operating results: 1. As of quarter end, UMH achieved an equity market capitalization of over $1.5 billion. 2. During the third quarter, UMH converted 179 new homes from inventory to revenue generating homes. UMH now owns approximately 10 ...
UMH PROPERTIES, INC. REPORTS ON THE IMPACT OF HURRICANE HELENE
GlobeNewswire News Room· 2024-10-02 21:55
Core Viewpoint - UMH Properties, Inc. reported minimal damage to its manufactured housing communities due to Hurricane Helene, indicating the resilience of its properties and ensuring the safety of residents and employees [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]. Impact of Hurricane Helene - The hurricane caused high winds and heavy rain in Florida, Alabama, South Carolina, and Georgia, resulting in minor damage to the communities [2]. - Communities in Tennessee and Ohio experienced downed trees and other minor damages, but overall, the damage was limited [2]. - The company does not anticipate any material impact on its operations or financial results due to the storm [2]. - UMH Properties is prepared to support local, state, and federal government efforts as needed [2].
UMH PROPERTIES, INC. WILL PRESENT TO THE PHILADELPHIA SECURITIES ASSOCIATION
GlobeNewswire News Room· 2024-10-02 18:11
FREEHOLD, NJ, Oct. 02, 2024 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) announced that it will present to the Philadelphia Securities Association (PSA) on Wednesday, October 9, 2024. The Forum will be held at the Union League of Philadelphia, located in Philadelphia, PA. Samuel A. Landy, President and Chief Executive Officer, will present an overview of the Company followed by a question and answer session. It is a luncheon meeting that will start at 11:30 a.m. Eastern Time. The present ...
UMH PROPERTIES, INC. WILL HOST THIRD QUARTER 2024 FINANCIAL RESULTS WEBCAST AND CONFERENCE CALL
GlobeNewswire News Room· 2024-09-23 18:45
FREEHOLD, NJ, Sept. 23, 2024 (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 Third Quarter 2024 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Thursday, November 7, 2024, at 10:00 a.m. Eastern Time. UMH's Third Quarter 2024 results will be released on Wednesday, November 6, 2024, after ...
UMH Properties: Elevated P/FFO On A Flimsy Foundation (Rating Downgrade)
Seeking Alpha· 2024-09-15 15:16
1 E 1 TILE 494 1 1175 JamesBrey Pennsylvania Ohio Indiana New York Tennessee (2) New Jersey Michigan Alabama South Carolin Georgia Maryland Total (2) Introduction In my initial piece on UMH Properties (NYSE:UMH), a specialized REIT with a focus on residential manufactured housing, I noted that the company had been exceuting steady rental increases and improving occupancy, with the potential for further FFO growth in the future. With a balance sheet that could support FFO generation in the fitture, I conclud ...