UMH PROPERTIES, INC. 2023 OPERATIONS UPDATE
2023年10月3日 - 6:00AM
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 our third quarter 2023 operating results:
- Year-to-date, we have rented 900
new homes and sold 124 new homes. That includes 289 new homes
rented and 42 new homes sold this quarter. The 900 new rental homes
and 124 new home sales generate additional home rent and lot rent.
Year-to-date, the monthly rental revenue being billed to residents
has increased 9.7% as compared to our January 1st rent roll.
- Home sales revenue for the nine
months has increased from $20.3 million last year to $23.4 million
this year, representing an increase of 15%. We currently have over
$3.5 million in pending home sales that should close in the 4th
quarter.
UMH revenue consists of our rental and related
charges, which now annualizes over $194 million, and our home sales
revenue, which is $23.4 million for the first 3 quarters.
Samuel A. Landy, President and CEO of UMH
Properties, Inc., stated “The UMH team is on track to place 1,000
families in new factory-built rental homes in 2023. UMH is
achieving our social mission of providing quality affordable
housing through manufactured housing communities. We have added
over 900 newly occupied rental units to our portfolio this year and
sold 124 new homes. The installation and occupancy of these units
is a team effort that involves the factories that build our homes,
the set-up crews and utility companies that install the units, and
our staff that does an outstanding job leasing, maintaining and
managing our 135 communities containing 25,800 sites, including
9,877 rental homes. Demand remains strong and we are planning on
installing and renting an additional 700 to 1,000 new homes next
year while continuing to grow our sales income.”
It should be noted that the financial
information set forth above reflects our preliminary estimates with
respect to such information, based on information currently
available to management, and may vary from our actual financial
results as of and for the quarter ending September 30, 2023. UMH’s
full Third Quarter 2023 results will be released on Wednesday,
November 8, 2023, after the close of trading on the New York Stock
Exchange and will be available on the Company’s website at
www.umh.reit, in the Financials section. Senior management will
discuss the results, current market conditions and future outlook
on Thursday, November 9, 2023, at 10:00 a.m. Eastern Time.
UMH Properties, Inc., which was organized in
1968, is a public equity REIT that owns and operates 135
manufactured home communities containing approximately 25,800
developed homesites. These communities are located in New Jersey,
New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland,
Michigan, Alabama, South Carolina and Georgia. UMH also has an
ownership interest in and operates two communities in Florida,
containing 363 sites, through its joint venture with Nuveen Real
Estate.
Certain statements included in this press
release which are not historical facts may be deemed
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. Any such forward-looking
statements are based on the Company’s current expectations and
involve various risks and uncertainties. Although the Company
believes the expectations reflected in any forward-looking
statements are based on reasonable assumptions, the Company can
provide no assurance those expectations will be achieved. The risks
and uncertainties that could cause actual results or events to
differ materially from expectations are contained in the Company’s
annual report on Form 10-K and described from time to time in the
Company’s other filings with the SEC. The Company undertakes no
obligation to publicly update or revise any forward-looking
statements whether as a result of new information, future events,
or otherwise.
Contact: Nelli
Madden732-577-4062
UMH Properties (NYSE:UMH)
過去 株価チャート
から 8 2024 まで 9 2024
UMH Properties (NYSE:UMH)
過去 株価チャート
から 9 2023 まで 9 2024