Last $9.65 USD
Change Today +0.03 / 0.31%
Volume 78.3K
UMH On Other Exchanges
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As of 3:48 PM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

umh properties inc (UMH) Key Developments

UMH Properties Inc. Presents at BMO 9th Annual North American Real Estate Conference, Sep-15-2014

UMH Properties Inc. Presents at BMO 9th Annual North American Real Estate Conference, Sep-15-2014 . Venue: Four Seasons Hotel, Chicago, Illinois, United States.

Umh Properties Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

UMH Properties Inc. reported earnings results for the second quarter and six months ended June 30, 2014. The company reported core funds from operations attributable to common shareholders (core FFO) of $3,214,000 or $0.15 per diluted share for the quarter ended June 30, 2014, as compared to $3,063,000 or $0.17 per diluted share for the quarter ended June 30, 2013. Total income was $18,149,000 against $16,098,000 a year ago. Net loss attributable to common shareholders was $412,000 or $0.02 diluted per share against $270,000 or $0.02 diluted per share a year ago. For the six months period, the company reported total income was $33,998,000 against $29,524,000 a year ago. Net loss attributable to common shareholders was $1,733,000 or $0.08 diluted per share against income of $1,991,000 or $0.11 diluted per share a year ago. Core FFO was $5,638,000 or $0.26 diluted per share against $8,318,000 or $0.46 diluted per share a year ago. Cash flows provided by operating activities was $7,947,000 against $3,769,000 a year ago.

UMH Properties Eyes Acquisitions

UMH Properties Inc. (NYSE:UMH) intends to make acquisitions. Samuel A. Landy, President and Chief Executive Officer said: "On the acquisition front, subsequent to quarter-end, we purchased six manufactured home communities located in Pennsylvania and Ohio for an aggregate cost of $17.6 million. These all-age communities total approximately 600 developed homesites situated on 278 acres. The weighted-average occupancy for these communities is 87 percent. We anticipate additional acquisitions going forward."

UMH Properties Closes New Acquisition of Four Home Communities

UMH Properties has closed on the acquisition of four Pennsylvania manufactured home communities for $12.2 million. The four all-age communities are located in the Pittsburgh metropolitan area and contain a total of 336 developed home sites that are situated on approximately 239 total acres. The average occupancy for these communities is approximately 84%. With this acquisition, UMH owns 86 communities consisting of approximately 14,800 developed home sites.

UMH Properties, Inc. Declares Quarterly Common and Preferred Dividends, Payable on September 15, 2014

The Board of Directors of UMH Properties Inc. declared its quarterly cash dividend on the company's common stock of $0.18 per share payable September 15, 2014, to shareholders of record at the close of business on August 15, 2014. The Company's annual dividend rate on its Common Stock is $0.72 per share. Also the Board of Directors declared a quarterly dividend of $0.515625 per share for the period from June 1, 2014 through August 31, 2014, on the company's 8.25% Series A Cumulative Redeemable Preferred Stock payable September 15, 2014, to shareholders of record at the close of business on August 15, 2014. Series A preferred share dividends are cumulative and payable quarterly at an annual rate of $2.0625 per share.

 

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UMH Competitors

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Company Last Change
EastGroup Properties Inc $60.85 USD -0.08
Glimcher Realty Trust $13.70 USD +0.07
Post Properties Inc $51.64 USD -0.02
Ramco-Gershenson Properties Trust $16.79 USD +0.12
Sun Communities Inc $52.03 USD -0.17
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UMH

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Valuation UMH Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 3.2x
Price/Book 2.0x
Price/Cash Flow 14.1x
TEV/Sales NM Not Meaningful
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