UMH - UMH Properties: 6.8% Yielding Preferred Shares Are More Interesting Than Common Shares
2024-03-24 11:40:00 ET
Summary
- UMH Properties saw excellent progress in its same-property NOI, with a 19% increase in Q4 2023 and a 12.5% increase for the entire year.
- The normalized FFO for UMH Properties in FY 2023 was $54.5M, a significant improvement compared to previous years.
- The preferred shares of UMH Properties offer a preferred dividend yield of approximately 6.78% and are well-covered by the company's earnings.
Introduction
UMH Properties ( UMH ) focuses on owning and operating manufactured home communities . As of the end of last year, UMH owned and operated 135 manufactured home communities with a total of almost 26,000 developed homesites in several US states ....
UMH Properties: 6.8% Yielding Preferred Shares Are More Interesting Than Common Shares