UMH Properties (UMH) Misses Q2 FFO Estimates
UMH Properties (UMH) came out with quarterly funds from operations (FFO) of $0.23 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to FFO of $0.23 per share a year ago.
Credit Rating For The Unrated (Part 10): UMH Properties
UMH Properties, a NJ-based REIT, manages 143 manufactured home communities with ~26,700 homesites, 1,000+ self-storage units, and 2,400 acres for development. Occupancy: 89.8%. UMH has moderate leverage with a 4.39% debt interest rate and 232% asset coverage. Q1 2025 yield: 15.8% annually (10.01% adjusted). FFO: $0.24/share quarterly. UMH.PR.D, unrated preferred stock, trades at ~$22 with a 7.17% yield, callable anytime, with a $100M additional offering.
UMH Highlights Solid Q2 Performance, Expands in Maryland Market
UMH posts record Q2 home sales, ramps rental conversions and unlocks $56M in proceeds through strategic refinancing.
UMH Properties Preferred: A Discounted REIT Preferred With Long-Term Potential
UMH Properties Series D preferred shares offer an attractive yield and trade at a discount, presenting a compelling long-term income opportunity. UMH has strong fundamentals, including high occupancy, positive income growth, and manageable leverage ratios. Potential risks include operational reliance on home sales, increased loan exposure, and vulnerability to economic downturns, but these are balanced by the REIT's track record.
UMH Properties: Built-In Growth
UMH Properties offers significant value and growth, with a 5+ year runway of double-digit organic growth and trading at a steep discount to NAV. The manufactured housing sector has shown 27 years of consistent NOI growth, outperforming through various economic downturns due to limited supply. UMH's AFFO/share growth has been muted by equity issuance and deleveraging, but substantial future growth assets are poised to enhance profitability.
UMH Properties, Inc. (UMH) Q1 2025 Earnings Call Transcript
UMH Properties, Inc. (NYSE:UMH ) Q1 2025 Earnings Conference Call May 2, 2025 10:00 AM ET Company Participants Craig Koster - Executive Vice President & General Counsel Samuel Landy - President & Chief Executive Officer Anna Chew - Executive Vice President & Chief Financial Officer Eugene Landy - Founder & Chairman Brett Taft - Executive Vice President & Chief Operating Officer Conference Call Participants Gaurav Mehta - Alliance Global Partners Rob Stevenson - Janney Craig Kucera - Lucid Capital Markets Merrill Ross - Compass Point John Massocca - B. Riley Securities, Inc Operator Good morning, and welcome to UMH Properties First Quarter 2025 Earnings Conference Call.
UMH Properties (UMH) Q1 FFO Meet Estimates
UMH Properties (UMH) came out with quarterly funds from operations (FFO) of $0.23 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.22 per share a year ago.
Zacks Industry Outlook Equity Residential, Camden Property Trust and UMH Properties
Equity Residential, Camden Property Trust and UMH Properties have been highlighted in this Industry Outlook article.
UMH Properties Provides Q1 Operating Update, Sees Occupancy Gains
UMH's occupancy growth, strategic acquisitions and consistent dividend increases highlight its resilience and growth potential.
UMH Rewards Investors With 4.7% Dividend Hike: Is it Sustainable?
UMH Properties' solid fundamentals make it promising enough to utilize growth opportunities and reward shareholders accordingly.
UMH Properties: Buy For Income, Hold For Growth
UMH Properties offers retail investors exposure to the resilient manufactured housing sector, with strong demand drivers and a deep development pipeline supporting long-term growth. UMH has shown robust performance, with 7.5% projected FFO/share growth this year, a 4.6% dividend yield, and a solid balance sheet. UMH's valuation remains attractive relative to peers and its growth profile, making it a solid pick for durable income and upside potential.
UMH Properties Acquires Two New Jersey Manufactured Home Communities
UMH announces completion of acquisition of two age-restricted manufactured home communities in Mantua, NJ.
