UMH Properties, Inc.
14.50+0.22 (+1.54%)
Oct 30, 10:11:04 AM EDT · NYSE · UMH · USD
Key Stats
Market Cap
1.23BP/E (TTM)
103.57Basic EPS (TTM)
0.14Dividend Yield
0.06%Recent Filings
8-K
UMH appoints new director
UMH Properties appointed Todd J. Clark, Dean of Widener University Delaware Law School, as a Class I Director on September 17, 2025, filling a board vacancy through 2028. Clark brings expertise in corporate justice, employment law, and governance, bolstered by his JD from the University of Pittsburgh and MBA from West Virginia University. He receives standard director pay: $60,500 cash and $75,000 in equity annually. This addition strengthens oversight amid the REIT's expansion.
10-Q
Q2 FY2025 results
UMH Properties posted solid Q2 results, with total income climbing 10% year-over-year to $66.6 million, fueled by 9% rental growth to $56.2 million from higher rates and occupancy edging up to 88.2%. Home sales revenue rose 19% to $10.5 million despite fewer units sold, though gross margins dipped to 32% amid pricier inventory. Community NOI surged 11% to $33.1 million, while operating cash flow held steady at $37.2 million year-to-date; free cash flow wasn't disclosed in the 10-Q. Acquisitions added two New Jersey communities for $24.6 million in March, boosting sites by 266 at full occupancy, with cash at $79.2 million and $260 million available on the credit line. Mortgages payable grew 9% to $530.2 million at 4.56% weighted average. Yet competition in key markets like New Jersey and New York could pressure occupancy gains.
8-K
UMH Q2 income up 10%
UMH Properties boosted total income 10% to $66.6 million in Q2 2025, driven by 9% rental growth and 19% manufactured home sales surge, lifting community NOI 11%. Same-property occupancy climbed 80 basis points to 88.2%, while Normalized FFO rose 16% to $19.5 million despite flat per-share at $0.23. Post-quarter, they snapped up two Maryland communities for $14.6 million, fueling portfolio expansion. Yet debt maturities loom through 2027.
8-K
UMH sells $80.2M Israeli bonds
UMH Properties sold $80.2 million of 5.85% unsecured Series B Bonds due 2030 to Israeli investors on July 22, 2025, netting about $75.2 million for working capital and general purposes. Denominated in NIS but linked to the USD, the bonds mature June 30, 2030, with semi-annual interest starting December 31, 2025, and potential rate hikes up to 1.5% for rating downgrades or covenant breaches. The deed includes debt-to-income ratios and equity requirements, restricting dividends if violated beyond REIT needs. This bolsters liquidity while adding currency-linked obligations.
8-K
UMH closes Maryland communities deal
UMH Properties completed the acquisition of two manufactured home communities in Conowingo, Maryland—Conowingo Court and Maybelle Manor—for $14.625 million on July 2, 2025. These 191-site properties, with 79% occupancy, adjoin the company's existing Cinnamon Woods community, driving operational efficiencies and higher returns. Maybelle Manor stands fully occupied; Conowingo Court offers value-add potential through occupancy growth. Year-to-date, UMH acquired four communities for $39.2 million.
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