UMH PROPERTIES, INC. Q3 2024 OPERATIONS UPDATE
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
0mins
Should l Buy UMH?
Source: Newsfilter
Third Quarter Performance: UMH Properties, Inc. reported a market capitalization of over $1.5 billion and achieved a 10% increase in home sales revenue, totaling $8.7 million, with an occupancy rate of 94.4% across approximately 10,300 rental homes.
Future Outlook and Growth Strategy: The company raised $108 million through stock sales to reduce debt and invest in community improvements, anticipating increased demand for affordable housing due to Hurricane Helene's impact.
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Analyst Views on UMH
Wall Street analysts forecast UMH stock price to rise
5 Analyst Rating
4 Buy
1 Hold
0 Sell
Strong Buy
Current: 16.020
Low
16.00
Averages
19.10
High
23.50
Current: 16.020
Low
16.00
Averages
19.10
High
23.50
About UMH
UMH Properties, Inc. is a real estate investment trust (REIT). The Company’s primary business is the ownership and operation of manufactured home communities. It also leases manufactured homes to residents and through its wholly owned taxable REIT subsidiary, UMH Sales and Finance, Inc., sells and finances the sale of manufactured homes to residents and prospective residents. The Company owns and operates 145 manufactured home communities, containing approximately 27,000 developed homesites, of which 10,800 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 145 communities are two communities in Florida, containing 363 sites, and one community in Pennsylvania, containing 113 sites, that the Company has an ownership interest in and operates through its joint venture with Nuveen Real Estate.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
UMH PROPERTIES, INC. DISCLOSES TAX IMPLICATIONS FOR 2025 DISTRIBUTIONS
- Company Announcement: U M H Properties, Inc. has announced a new treatment for their 2025 distributions.
- Focus on Future: The announcement indicates a strategic move towards enhancing their distribution strategy for the upcoming year.
See More
UMH Properties (UMH) Declares $0.225 Quarterly Dividend with 5.57% Yield
- Quarterly Dividend Announcement: UMH Properties declared a quarterly dividend of $0.225 per share, consistent with previous distributions, demonstrating the company's ongoing ability to maintain stable cash flow, which is expected to bolster investor confidence.
- Yield Performance: The forward yield of 5.57% from this dividend is attractive in the current market environment, likely drawing interest from income-seeking investors and enhancing shareholder returns.
- Rental Growth Potential: UMH anticipates an $11 million revenue growth potential through a 5% annual rent increase, indicating the company's capacity for expansion and profitability in a high-demand market.
- Leasing Market Dynamics: UMH reported increases in January same-property rental and related income due to occupancy gains, reflecting the company's competitiveness and solid growth foundation in the leasing market.
See More
Three Stocks Designed for the Reality of Affordable Housing in America
Key Issue of Affordability: Affordability is a major concern for Americans in 2026, particularly regarding housing, as high home prices and challenging mortgage rates continue to affect first-time buyers.
Supply and Demand Challenges: The housing market faces significant supply and demand issues, with many Americans priced out of conventional homes, leading to an urgent need for affordable housing solutions.
Manufactured Housing as a Solution: Manufactured housing presents a compelling option, offering lower costs and faster construction times, which can help meet the demand for affordable homes and provide reliable income streams for investors.
Investment Opportunities and Risks: Companies like Sun Communities, Champion Homes, and UMH Properties are positioned to benefit from the growing demand for manufactured housing, but they also face risks from regulatory pressures, interest rate sensitivity, and zoning challenges.
See More
UMH Properties to Release 2025 Financial Results on February 25, 2026
- Earnings Release Schedule: UMH Properties will release its Fourth Quarter and Full Year 2025 financial results after the market closes on February 25, 2026, showcasing the company's performance in the manufactured home community sector and providing critical market insights for investors.
- Management Conference Call: Senior management will host a webcast and conference call on February 26, 2026, at 10:00 a.m. ET to discuss the financial results, current market conditions, and future outlook, aiding investors in understanding the company's strategic direction.
- Participation Details: Investors can join the webcast via the Upcoming Events section on UMH's website or by calling 877-513-1898 (domestic) or 412-902-4147 (international), ensuring broad investor engagement in the discussion.
- Replay and Transcript: The conference call replay will be available at 12:00 p.m. ET on February 26, 2026, accessible by dialing 877-344-7529 (domestic) or 412-317-0088 (international), enhancing information transparency for stakeholders.
See More
UMH Properties to Release 2025 Financial Results on February 25, 2026
- Earnings Release Schedule: UMH Properties will release its Fourth Quarter and Full Year 2025 financial results after market close on February 25, 2026, followed by a webcast on February 26, 2026, at 10:00 a.m. ET to discuss current market conditions and future outlook, aiming to enhance investor understanding of the company's financial health.
- Participation Details: Investors can join the webcast via the Upcoming Events section on the company's website or participate in the conference call by dialing 877-513-1898 (domestic) or 412-902-4147 (international), ensuring timely access to the latest company updates.
- Replay and Transcript: The conference call replay will be available at 12:00 p.m. ET on February 26, 2026, accessible by calling 877-344-7529 (domestic) or 412-317-0088 (international) and entering passcode 1544518, facilitating information access for those unable to attend live.
- Company Overview: Established in 1968, UMH Properties is a public equity REIT that owns and operates 145 manufactured home communities, offering approximately 27,000 developed homesites, of which 11,000 are rental homes, demonstrating its extensive footprint and influence in the manufactured housing market across multiple states.
See More
UMH Properties Adds 717 Rental Homes in 2025, Achieves 8% Sales Revenue Growth
- Rental Home Growth: In 2025, UMH Properties added 717 rental homes, driving a year-over-year increase of 354 units in same property occupancy to 88.3%, significantly enhancing the company's competitive position in the manufactured home community market.
- Sales Revenue Increase: The company achieved gross sales revenue of $9.2 million in the fourth quarter, a 7% increase from the previous year, with total annual sales revenue reaching $36.3 million, reflecting an 8% growth and indicating strong market demand recovery.
- Successful Refinancing: UMH successfully refinanced 17 communities, generating total proceeds of $193.2 million, which were utilized to pay off existing debt and invest in rental home programs, further solidifying its financial foundation.
- Share Buyback: In the fourth quarter, UMH repurchased 300,000 shares through its stock repurchase program at a cost of $4.5 million, demonstrating the company's confidence in its value and commitment to its shareholders.
See More
UMH PROPERTIES, INC. DISCLOSES TAX IMPLICATIONS FOR 2025 DISTRIBUTIONS
- Company Announcement: U M H Properties, Inc. has announced a new treatment for their 2025 distributions.
- Focus on Future: The announcement indicates a strategic move towards enhancing their distribution strategy for the upcoming year.
See More
UMH Properties (UMH) Declares $0.225 Quarterly Dividend with 5.57% Yield
- Quarterly Dividend Announcement: UMH Properties declared a quarterly dividend of $0.225 per share, consistent with previous distributions, demonstrating the company's ongoing ability to maintain stable cash flow, which is expected to bolster investor confidence.
- Yield Performance: The forward yield of 5.57% from this dividend is attractive in the current market environment, likely drawing interest from income-seeking investors and enhancing shareholder returns.
- Rental Growth Potential: UMH anticipates an $11 million revenue growth potential through a 5% annual rent increase, indicating the company's capacity for expansion and profitability in a high-demand market.
- Leasing Market Dynamics: UMH reported increases in January same-property rental and related income due to occupancy gains, reflecting the company's competitiveness and solid growth foundation in the leasing market.
See More
Three Stocks Designed for the Reality of Affordable Housing in America
Key Issue of Affordability: Affordability is a major concern for Americans in 2026, particularly regarding housing, as high home prices and challenging mortgage rates continue to affect first-time buyers.
Supply and Demand Challenges: The housing market faces significant supply and demand issues, with many Americans priced out of conventional homes, leading to an urgent need for affordable housing solutions.
Manufactured Housing as a Solution: Manufactured housing presents a compelling option, offering lower costs and faster construction times, which can help meet the demand for affordable homes and provide reliable income streams for investors.
Investment Opportunities and Risks: Companies like Sun Communities, Champion Homes, and UMH Properties are positioned to benefit from the growing demand for manufactured housing, but they also face risks from regulatory pressures, interest rate sensitivity, and zoning challenges.
See More
UMH Properties to Release 2025 Financial Results on February 25, 2026
- Earnings Release Schedule: UMH Properties will release its Fourth Quarter and Full Year 2025 financial results after the market closes on February 25, 2026, showcasing the company's performance in the manufactured home community sector and providing critical market insights for investors.
- Management Conference Call: Senior management will host a webcast and conference call on February 26, 2026, at 10:00 a.m. ET to discuss the financial results, current market conditions, and future outlook, aiding investors in understanding the company's strategic direction.
- Participation Details: Investors can join the webcast via the Upcoming Events section on UMH's website or by calling 877-513-1898 (domestic) or 412-902-4147 (international), ensuring broad investor engagement in the discussion.
- Replay and Transcript: The conference call replay will be available at 12:00 p.m. ET on February 26, 2026, accessible by dialing 877-344-7529 (domestic) or 412-317-0088 (international), enhancing information transparency for stakeholders.
See More
UMH Properties to Release 2025 Financial Results on February 25, 2026
- Earnings Release Schedule: UMH Properties will release its Fourth Quarter and Full Year 2025 financial results after market close on February 25, 2026, followed by a webcast on February 26, 2026, at 10:00 a.m. ET to discuss current market conditions and future outlook, aiming to enhance investor understanding of the company's financial health.
- Participation Details: Investors can join the webcast via the Upcoming Events section on the company's website or participate in the conference call by dialing 877-513-1898 (domestic) or 412-902-4147 (international), ensuring timely access to the latest company updates.
- Replay and Transcript: The conference call replay will be available at 12:00 p.m. ET on February 26, 2026, accessible by calling 877-344-7529 (domestic) or 412-317-0088 (international) and entering passcode 1544518, facilitating information access for those unable to attend live.
- Company Overview: Established in 1968, UMH Properties is a public equity REIT that owns and operates 145 manufactured home communities, offering approximately 27,000 developed homesites, of which 11,000 are rental homes, demonstrating its extensive footprint and influence in the manufactured housing market across multiple states.
See More
UMH Properties Adds 717 Rental Homes in 2025, Achieves 8% Sales Revenue Growth
- Rental Home Growth: In 2025, UMH Properties added 717 rental homes, driving a year-over-year increase of 354 units in same property occupancy to 88.3%, significantly enhancing the company's competitive position in the manufactured home community market.
- Sales Revenue Increase: The company achieved gross sales revenue of $9.2 million in the fourth quarter, a 7% increase from the previous year, with total annual sales revenue reaching $36.3 million, reflecting an 8% growth and indicating strong market demand recovery.
- Successful Refinancing: UMH successfully refinanced 17 communities, generating total proceeds of $193.2 million, which were utilized to pay off existing debt and invest in rental home programs, further solidifying its financial foundation.
- Share Buyback: In the fourth quarter, UMH repurchased 300,000 shares through its stock repurchase program at a cost of $4.5 million, demonstrating the company's confidence in its value and commitment to its shareholders.
See More
