UMH Properties Shows Strong Growth in Manufactured Home Communities

By Tamara Parker • Thursday, March 20 15:16 • Permanent Link

UMH Properties, Inc. has released its 2024 Annual Report, showcasing significant growth and development. The real estate investment trust, specializing in manufactured home communities, now owns and operates 139 such communities, with approximately 26,300 developed homesites, reflecting an increase from the previous period.

Of these homesites, 10,300 contain rental homes, indicating a rise in the rental property portfolio. Additionally, the company now manages over 1,000 self-storage units, demonstrating diversification within its real estate assets.

The report also highlights UMH's expansion across various states, including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida, and Georgia. Notably, the company has joint venture ownership of two communities in Florida, comprising 363 sites, through its partnership with Nuveen Real Estate.

These figures underscore UMH Properties, Inc.'s commitment to growth and its position as a prominent player in the manufactured home community and real estate market. Today the company's shares have moved 1.2% to a price of $18.47. If you want to know more, read the company's complete 8-K report here.

The above analysis is intended for educational purposes only and was performed on the basis of publicly available data. It is not to be construed as a recommendation to buy or sell any security. Any buy, sell, or other recommendations mentioned in the article are direct quotations of consensus recommendations from the analysts covering the stock, and do not represent the opinions of Market Inference or its writers. Past performance, accounting data, and inferences about market position and corporate valuation are not reliable indicators of future price movements. Market Inference does not provide financial advice. Investors should conduct their own review and analysis of any company of interest before making an investment decision.