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Stock impact report

UMH PROPERTIES, INC. FOURTH QUARTER AND FULL YEAR 2024 OPERATIONS UPDATE

UMH Properties, Inc. (UMH) 
Last umh properties, inc. earnings: 3/5 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.umh.com
Company Research Source: GlobeNewswire
FREEHOLD, NJ, Jan. 06, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH), a real estate investment trust (REIT) specializing in the ownership and operation of manufactured home communities, is providing investors with an update on the fourth quarter and full year 2024 operating results: As of yearend, UMH achieved an equity market capitalization of over $1.5 billion. During the year, UMH’s share price increased from $15.25 on January 2nd, 2024, to $18.88 on December 31st, 2024, representing an increase of approximately 24%. Including $0.85 in dividends paid during the year, UMH delivered a total shareholder return of approximately 30%.During the fourth quarter, UMH converted 122 new homes from inventory to revenue generating rental homes. For the year, UMH converted 565 new homes from inventory to revenue generating rental homes. UMH now owns approximately 10,300 rental homes with an occupancy rate of 94%.For the fourth quarter, UMH achieved gross home sales rev Show less Read more
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