Latest news with #UMHProperties
Yahoo
3 days ago
- Business
- Yahoo
UMH Properties (UMH) Publishes Q2 2025 Performance Report
UMH Properties, Inc. (NYSE:UMH) is one of the best residential REITs to buy. In the beginning of July, UMH revealed operating results for the second quarter of 2025. The REIT made progress in both operations and finances, turning 188 homes from its inventory into rental units that now generate income. This brought the total number of rental homes to around 10,600, with a high occupancy rate of 94.4% in Q2. In addition, UMH's same-property occupancy rose by 76 units during the second quarter and by 251 units over the past year, reaching 88.2%. Shop Top Mortgage Rates Personalized rates in minutes A quicker path to financial freedom Your Path to Homeownership UMH Properties, Inc. (NYSE:UMH) also saw a boost in home sales, with gross sales revenue increasing to $10.3 million, up from $8.8 million last year. Given the higher occupancy and rent increases throughout 2024 and into 2025, same-property rental and related charges for July 2025 rose by 9.2% compared to July 2024. Overall rental and related charges for the second quarter came in at $55.9 million, up 8.5% from $51.5 million the year before. Aerial view of a residential neighborhood with manufactured homes and developed homesites. UMH also refinanced ten of its communities, which have about 2,000 sites, under a Fannie Mae credit facility. This refinancing provided $101.4 million at a fixed interest rate of 5.855%. The certified appraisal valued these properties at $163.5 million or about $82,000 per site. Since UMH invested $66.6 million in these communities, their value has gone up by about $96.9 million, or 146%, which shows the properties have appreciated a lot. The company also sold around 1.8 million shares of common stock through its At-the-Market program. These shares sold at an average price of $17.60, raising about $31.0 million in total. President and CEO of UMH Properties, Samuel A. Landy, commented: 'Our communities continue to experience strong demand which we are converting into occupied sites through our rental home and sales programs. We are proud to announce that our second quarter sales set a new quarterly sales record.' UMH Properties, Inc. (NYSE:UMH) is a real estate investment trust that was founded in 1968. It owns and operates manufactured home communities across 12 states, with around 26,000+ homesites, including rental homes and self-storage units. While we acknowledge the potential of UMH as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: and . Disclosure. None. Sign in to access your portfolio
Yahoo
24-07-2025
- Business
- Yahoo
UMH PROPERTIES, INC. ANNOUNCES SALE OF $80.2 MILLION OF UNSECURED BONDS IN ISRAEL
FREEHOLD, NJ, July 22, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH; TASE: UMH) (the 'Company'), announced today that it has completed the sale to investors in Israel of approximately $80.2 million of its 5.85% Series B Bonds due 2030 (the '2030 Bonds'). The 2030 Bonds are unsecured obligations of the Company denominated in Israeli shekels (NIS) and were issued pursuant to a deed of trust between the Company and Reznik Paz Nevo Trusts Ltd., as trustee. The net proceeds of the offering will be used for working capital and general corporate purposes. The principal amount of the 2030 Bonds will be payable on June 30, 2030. The 2030 Bonds will pay interest at a rate of 5.85% per year, subject to adjustment in certain circumstances. Interest on the 2030 Bonds will be payable semi-annually on June 30 and December 31, commencing December 31, 2025, until the final maturity date. The principal and interest will be linked to the U.S. Dollar. The 2030 Bonds are general unsecured obligations and rank equal in right of payment with all of the Company's existing and future unsecured indebtedness. The deed of trust governing the 2030 Bonds includes certain customary covenants, including minimum equity requirements, and events of default. The 2030 Bonds have not been and will not be registered under the Securities Act of 1933, as amended (the 'Securities Act'), or any state securities laws, and may not be offered or sold in the United States or to or for the account or benefit of U.S. Persons (as defined in Regulation S under the Securities Act) absent registration under the Securities Act or an applicable exemption from registration requirements. The 2030 Bonds were offered solely to investors outside the United States in accordance with Regulation S under the Securities Act. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, these securities nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act. ABOUT UMH PROPERTIES, INC. UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 143 manufactured home communities, containing approximately 26,700 developed homesites, of which approximately 10,600 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 143 communities are two communities in Florida, containing 363 sites, that UMH has an ownership interest in and operates through its joint venture with Nuveen Real Estate. FORWARD-LOOKING STATEMENTS Certain statements included in this press release which are not historical facts may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements are based on the Company's current expectations and involve various risks and uncertainties. Such forward-looking statements include statements about the potential outcome or effect of the sale of the 2030 Bonds or the use of proceeds therefrom. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the Company can provide no assurance those expectations will be achieved. The risks and uncertainties that could cause actual results or events to differ materially from expectations are contained in the Company's annual report on Form 10-K and described from time to time in the Company's other filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Contact: Nelli Madden732-577-9997
Yahoo
23-07-2025
- Business
- Yahoo
If You Invested $10K In UMH Properties Stock 10 Years Ago, How Much Would You Have Now?
Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. UMH Properties Inc. (NYSE:UMH) is a real estate investment trust specializing in the ownership and operation of manufactured home communities. It is set to report its Q2 2025 earnings on Aug. 6. Wall Street analysts expect the company to post EPS of $0.25, up from $0.23 in the prior-year period. According to Benzinga Pro, quarterly revenue is expected to reach $65.97 million, up from $60.33 million a year earlier. Don't Miss: Accredited investors can —with up to 120% bonus shares—before this Uber-style disruption hits the public markets $100k+ in investable assets? – no cost, no obligation. If You Bought UMH Properties Stock 10 Years Ago The company's stock traded at approximately $9.82 per share 10 years ago. If you had invested $10,000, you could have bought roughly 1,018 shares. Currently, shares trade at $16.91, meaning your investment's value could have grown to $17,220 from stock price appreciation alone. However, UMH Properties also paid dividends during these 10 years. UMH Properties' dividend yield is currently 5.32%. Over the last 10 years, it has paid about $8.21 in dividends per share, which means you could have made $8,360 from dividends alone. Summing up $17,220 and $8,360, we end up with the final value of your investment, which is $25,580. This is how much you could have made if you had invested $10,000 in UMH Properties stock 10 years ago. This means a total return of 155.80%. However, this figure is significantly less than the S&P 500 total return for the same period, which was 254.96%. Trending: This AI-Powered Trading Platform Has 5,000+ Users, 27 Pending Patents, and a $43.97M Valuation — What Could The Next 10 Years Bring? UMH Properties has a consensus rating of "Buy" and a price target of $20.69 based on the ratings of nine analysts. The price target implies more than 22% potential upside from the current stock price. The company on May 1 announced its Q1 2025 earnings, posting FFO of $0.23, compared to the consensus estimate of $0.24, and revenues of $61.23 million, compared to the consensus of $62.33 million, as reported by Benzinga. "Our guidance for full-year 2025 remains unchanged. We expect normalized FFO in the range of $0.96-$1.04 per diluted share, or $1.00 per diluted share at the midpoint. As we head into the seasonally strong spring and summer months, we anticipate continued growth in occupancy, NOI, and sales, delivering long-term value to our shareholders," said CEO Samuel A. Landy. Given the expected upside potential, growth-focused investors may find UMH Properties stock attractive. Furthermore, they can benefit from the company's solid dividend yield of 5.32%. Check out this article by Benzinga for three more stocks offering high dividend yields. Read Next: Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here's , starting today. If there was a new fund backed by Jeff Bezos offering a ? Image: Shutterstock This article If You Invested $10K In UMH Properties Stock 10 Years Ago, How Much Would You Have Now? originally appeared on © 2025 Benzinga does not provide investment advice. All rights reserved. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Upturn
23-07-2025
- Business
- Business Upturn
UMH PROPERTIES, INC. ANNOUNCES SALE OF $80.2 MILLION OF UNSECURED BONDS IN ISRAEL
FREEHOLD, NJ, July 22, 2025 (GLOBE NEWSWIRE) — UMH Properties, Inc. (NYSE: UMH; TASE: UMH) (the 'Company'), announced today that it has completed the sale to investors in Israel of approximately $80.2 million of its 5.85% Series B Bonds due 2030 (the '2030 Bonds'). The 2030 Bonds are unsecured obligations of the Company denominated in Israeli shekels (NIS) and were issued pursuant to a deed of trust between the Company and Reznik Paz Nevo Trusts Ltd., as trustee. The net proceeds of the offering will be used for working capital and general corporate purposes. The principal amount of the 2030 Bonds will be payable on June 30, 2030. The 2030 Bonds will pay interest at a rate of 5.85% per year, subject to adjustment in certain circumstances. Interest on the 2030 Bonds will be payable semi-annually on June 30 and December 31, commencing December 31, 2025, until the final maturity date. The principal and interest will be linked to the U.S. Dollar. The 2030 Bonds are general unsecured obligations and rank equal in right of payment with all of the Company's existing and future unsecured indebtedness. The deed of trust governing the 2030 Bonds includes certain customary covenants, including minimum equity requirements, and events of default. The 2030 Bonds have not been and will not be registered under the Securities Act of 1933, as amended (the 'Securities Act'), or any state securities laws, and may not be offered or sold in the United States or to or for the account or benefit of U.S. Persons (as defined in Regulation S under the Securities Act) absent registration under the Securities Act or an applicable exemption from registration requirements. The 2030 Bonds were offered solely to investors outside the United States in accordance with Regulation S under the Securities Act. This press release does not constitute an offer to sell, or a solicitation of an offer to buy, these securities nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This press release is being issued pursuant to and in accordance with Rule 135c under the Securities Act. ABOUT UMH PROPERTIES, INC. UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 143 manufactured home communities, containing approximately 26,700 developed homesites, of which approximately 10,600 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 143 communities are two communities in Florida, containing 363 sites, that UMH has an ownership interest in and operates through its joint venture with Nuveen Real Estate. FORWARD-LOOKING STATEMENTS Certain statements included in this press release which are not historical facts may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements are based on the Company's current expectations and involve various risks and uncertainties. Such forward-looking statements include statements about the potential outcome or effect of the sale of the 2030 Bonds or the use of proceeds therefrom. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the Company can provide no assurance those expectations will be achieved. The risks and uncertainties that could cause actual results or events to differ materially from expectations are contained in the Company's annual report on Form 10-K and described from time to time in the Company's other filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise. Contact: Nelli Madden 732-577-9997 Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
05-07-2025
- Business
- Yahoo
UMH Highlights Solid Q2 Performance, Expands in Maryland Market
UMH Properties, Inc. UMH, a REIT focused on manufactured home communities, recently provided its second-quarter operating update, which reflected healthy performance, driven by rental home conversions, rising occupancy and higher rental income. The REIT converted 188 new homes from inventory to revenue-generating rental units during the quarter, bringing its total to 10,600 rental homes with a strong 94.4% occupancy rate. Same-property occupancy increased to 88.2%, marking a year-over-year gain of 251 units. So far in the year, UMH has transitioned 305 homes from inventory into revenue-generating rental units. CEO Samuel A. Landy reaffirmed confidence in reaching the company's full-year goal of 800 new rental homes, with more than 500 new homes already in the setup also achieved $10.3 million in gross home sales revenues for the quarter, up 17% from last year, setting a new quarterly sales record. These metrics highlight the success of UMH's rental home program in tapping into sustained demand for affordable housing. A major highlight of the quarter was the refinancing of ten communities through UMH's Fannie Mae credit facility. These properties, appraised at $163.5 million, generated $101.4 million in proceeds at a fixed interest rate of 5.855%. The refinancing revealed a substantial 146% appreciation from UMH's $66.6 million investment. In addition, the refinancing yielded around $56 million in excess proceeds over the outstanding principal, which UMH can strategically reinvest in its rental home program, expansions, capital upgrades and future acquisitions, enhancing its portfolio's long-term value. UMH is actively pursuing refinancing opportunities for the remaining mortgage maturities scheduled in 2025. In line with its growth strategy, UMH acquired two manufactured home communities in Conowingo, MD — Conowingo Court and Maybelle Manor — for $14.625 million. These properties add 191 developed homesites and border UMH's existing Cinnamon Woods community, enabling operational synergies. Maybelle Manor is fully occupied and features high-quality, multi-section homes, while Conowingo Court offers value-add potential, with room for increased occupancy and property upgrades. The acquisitions bring UMH's total year-to-date community purchases to four, representing 457 sites for $39.2 million. UMH Properties' second-quarter performance reaffirms the strength of its rental home strategy and disciplined capital deployment. With rising occupancy, record home sales and smart refinancing that unlocks hidden asset value, UMH is executing a well-balanced plan for scalable, long-term growth. However, elevated supply, macroeconomic uncertainty and policy changes remain of this Zacks Rank #3 (Hold) company have rallied 6.3% in the past year against the industry's decline of 1.3%. Image Source: Zacks Investment Research Some better-ranked stocks from the residential REIT sector are Veris Residential, Inc. VRE and Elme Communities ELME, each carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks Zacks Consensus Estimate for Veris Residential's 2025 FFO per share has been revised upward over the past month to 62 cents, suggesting 3.3% year-over-year growth, respectively. The Zacks Consensus Estimate for Elme Communities' current-year FFO per share of 95 cents indicates a 1.1% year-over-year increase, backed by 2.8% growth in revenues. Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report UMH Properties, Inc. (UMH) : Free Stock Analysis Report Veris Residential, Inc. (VRE) : Free Stock Analysis Report Elme Communities (ELME) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
