UMH Properties, Inc. (UMH)
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.
UMH Properties, Inc. (UMH) Q4 2024 Earnings Call Transcript
UMH Properties, Inc. (NYSE:UMH ) Q4 2023 Results Conference Call February 27, 2025 10:00 AM ET Company Participants Craig Koster - Executive Vice President and General Counsel Samuel Landy - President and Chief Executive Officer Anna Chew - Executive Vice President and Chief Financial Officer Eugene Landy - Founder and Chairman Brett Taft - Executive Vice President and Chief Operating Officer Conference Call Participants Gaurav Mehta - Alliance Global Partners Rob Stevenson - Janney Rich Anderson - Wedbush Craig Kucera - Lucid Capital Markets John Massocca - B. Riley Securities Operator Good morning, and welcome to UMH Properties Fourth Quarter and Year End 2024 Earnings Conference Call.
UMH (UMH) Q4 Earnings: How Key Metrics Compare to Wall Street Estimates
Although the revenue and EPS for UMH (UMH) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
UMH Properties (UMH) Matches Q4 FFO Estimates
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 $0.23 per share a year ago.
UMH Properties Preferreds: Near 7% Yield, Manufacturing Housing Tailwinds, Good Coverage
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.
Zacks Industry Outlook LifeStyle Properties, Veris Residential and UMH Properties
LifeStyle Properties, Veris Residential and UMH Properties have been highlighted in this Industry Outlook article.
UMH Properties: The 6.9% Yielding Preferred Shares Enjoy Good Coverage
UMH Properties' strong FFO and AFFO performance ensures excellent dividend coverage, despite increased share count and preferred dividend payments. Issuing new common shares has reduced debt and interest expenses, enhancing the balance sheet's safety and equity cushion. Preferred shares offer a secure 6.89% yield, supported by ample common equity and prudent financial management.
Take Advantage Of The Recent Correction Of The Preferred Stock Of UMH Properties
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. (UMH) Q3 2024 Earnings Call Transcript
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.
Compared to Estimates, UMH (UMH) Q3 Earnings: A Look at Key Metrics
Although the revenue and EPS for UMH (UMH) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
