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FREEHOLD, NJ - UMH Properties, Inc. (NYSE:UMH) (TASE:UMH) announced Tuesday that its Board of Directors has declared a quarterly cash dividend of $0.225 per share on its Common Stock, payable September 15, 2025, to shareholders of record as of August 15, 2025.
The company’s annual dividend rate on Common Stock stands at $0.90 per share.
In the same meeting, the Board also declared a quarterly dividend of $0.3984375 per share on its 6.375% Series D Cumulative Redeemable Preferred Stock for the period from June 1 through August 31, 2025. This dividend will also be payable September 15, 2025, to shareholders of record as of August 15, 2025.
The Series D preferred share dividends are cumulative and payable quarterly at an annual rate of $1.59375 per share.
According to the press release statement, UMH Properties, which was established in 1968, is a public equity REIT that owns and operates 141 manufactured home communities containing approximately 26,500 developed homesites. Of these, 10,400 contain rental homes, and the company also operates over 1,000 self-storage units. With a market capitalization of $1.43 billion and revenue growth of 8.17% in the last twelve months, UMH maintains strong financial health with a current ratio of 11.46. InvestingPro analysis reveals 8 additional key insights about UMH’s financial performance and growth prospects in their comprehensive Pro Research Report, available exclusively to subscribers.
The communities are located across multiple states including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida, and Georgia. Two of the communities in Florida, containing 363 sites, are owned and operated through a joint venture with Nuveen Real Estate.
In other recent news, UMH Properties reported its first-quarter 2025 earnings, which fell short of analyst expectations. The company posted an earnings per share (EPS) of $0.00, missing the forecasted $0.036, and reported revenue of $61.23 million, below the anticipated $62.88 million. Despite the earnings miss, UMH Properties experienced a 5% year-over-year increase in normalized funds from operations (FFO), reaching $0.23 per diluted share. The company has introduced new housing options, such as solar shingle homes and duplex manufactured homes, to drive growth. Lucid Capital Markets adjusted its outlook on UMH Properties by lowering the price target to $21 from $22 while maintaining a Buy rating. The firm believes UMH Properties shares are trading at a discount to their estimated Net Asset Value (NAV) of $22.99 per share. Lucid Capital Markets also anticipates a 7% earnings growth for UMH in 2025, driven by increased occupancy rates. UMH Properties continues to explore acquisition opportunities and expects strong sales throughout the year, maintaining a positive outlook for 2025.
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