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FREEHOLD, NJ - UMH Properties, Inc. (NYSE:UMH) (TASE:UMH), a real estate investment trust (REIT) specializing in manufactured home communities, has announced a 4.7% increase in its quarterly common stock dividend. The dividend has been raised from $0.215 to $0.225 per share, effective for the dividend payable on June 16, 2025, to shareholders of record as of May 15, 2025. This increment marks the fifth consecutive annual increase, establishing an annual dividend rate of $0.90 per share. According to InvestingPro data, the company has maintained dividend payments for 36 consecutive years, with the current yield standing at 4.6%.
Samuel A. Landy, the President and CEO of UMH Properties, expressed satisfaction with the company’s performance, stating, "Revenue growth continues to meet our expectations." He also indicated optimism about the company’s future profitability, citing ongoing community expansions and new construction projects. Landy highlighted the company’s robust financial position, which he believes will facilitate further internal growth and potential acquisitions. InvestingPro analysis confirms this outlook, showing a healthy 9.11% revenue growth in the last twelve months and a "Good" overall financial health score.
Founded in 1968, UMH Properties owns and operates a portfolio of 141 manufactured home communities, which encompass approximately 26,500 developed homesites. These include 10,300 rental homes and over 1,000 self-storage units. The company’s geographic footprint spans several states, including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida, and Georgia. With a market capitalization of $1.54 billion and strong gross profit margins of 54.5%, UMH has established itself as a significant player in the manufactured housing sector.
Among these assets, UMH Properties also manages two communities in Florida through a joint venture with Nuveen Real Estate, which together contain 363 sites.
This dividend increase reflects UMH Properties’ continued confidence in its business model and growth strategy. As a publicly traded equity REIT, the company’s financial activities, including dividend distributions, are closely monitored by investors seeking stable income streams. For a comprehensive analysis of UMH’s valuation, growth prospects, and financial health metrics, investors can access the detailed Pro Research Report available on InvestingPro, which provides expert insights on this and 1,400+ other US equities.
This announcement is based on a press release statement from UMH Properties, Inc.
In other recent news, UMH Properties Inc. reported its financial results for the fourth quarter of 2024, revealing a revenue of $61.87 million, which exceeded the forecast of $58.47 million. Despite this revenue beat, the company’s earnings per share (EPS) fell short, coming in at $0.03 compared to the anticipated $0.05. The company also announced plans to expand its rental home offerings and explore innovative technologies. UMH Properties is optimistic about its growth prospects, with plans to add 800 rental homes and target 200 new home sales in 2025. Additionally, the company is exploring a potential joint venture for a 131-acre single-family development in New Jersey. On the analyst front, there were no specific upgrades or downgrades reported, but firms like Alliance Global Partners and Janney showed interest in the company’s strategic direction. UMH Properties maintains a strong market position with a significant increase in market capitalization, reaching $2.5 billion, a 23% rise.
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