UMH Properties, Inc.

Last price update: 18 Jun 24 23:00 GMT

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Day's range:
$15.38 - $15.60
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$13.26 - $16.85
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Company profile for UMH Properties, Inc.

UMH Properties, Inc. logo

UMH Properties, Inc. is a publicly traded equity Real Estate Investment Trust, or REIT, founded in 1968. UMH owns and operates a portfolio of 124 manufactured home communities, or MHCs, across eight states - New York, New Jersey, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland - that are home to nearly 23,400 developed homesites.

The company manages its MHCs to enhance the lifestyles of their residents and the value of their communities. UMH works to provide quality housing and cost effective services and amenities to ensure that their residents fully enjoy the comfortable and affordable housing options that their MHCs offer. Alongside their MHCs, UMH also owns and manages a portfolio of REIT securities.

As the oldest publicly traded REIT that focuses on manufactured housing, UMH is committed to creating long-term value by providing residents with quality housing, cultivating strong and professional relationships with its residents and a dedication to enhancing the future of manufactured housing. UMH’s commitment to creating value and providing quality housing is reflected in its long-term track record of growth, with a total return to shareholders that has outpaced most publicly traded REITs since 1993.

Since its founding in 1968, UMH has extended its reach to eight key states across the eastern United States and acquired more than 80 MHCs. Along with the 124 MHCs, UMH also owns and manages a portfolio of REIT securities. Currently, UMH is led by President and CEO Sam Landy, who is focused on investing in and improving the MHCs owned by the company. His vision for the future of UMH is to become the premier manufactured home community owner across the USA. In his tenure as CEO, Landy has made it his highest priority to provide the best possible customer experience for the residents of UMH’s communities.

As UMH looks to the future, the company is committed to continuing to create long-term value for its shareholders. UMH has declared cash dividends for over 40 consecutive years and regularly distributes quarterly dividends that are consistently at least equal to or higher than the average of the past three years. UMH is also committed to growing its portfolio of manufactured home communities and provides residents with quality housing and cost-effective services and amenities. As UMH continues to pursue growth through acquisitions and investments, the company remains focused on improving its existing properties and providing a superior living experience for residents.

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United States