UMH Properties Shares Insights in Its Latest Annual Report
Insights on the Latest Annual Report from UMH Properties
UMH Properties, Inc. (NYSE: UMH) has recently made headlines by releasing its Annual Report for 2024, a comprehensive document detailing the company's performance and future plans. This report is not just a review; it's a valuable resource for stakeholders and interested parties to understand the dynamics of UMH Properties in the real estate investment trust (REIT) sector.
About UMH Properties, Inc.
Founded in 1968, UMH Properties, Inc. has established itself as a key player in the real estate market. The company specializes in manufactured home communities, which are an increasingly popular housing option across the United States. UMH operates 139 communities, hosting around 26,300 developed homesites. Out of these, 10,300 homes are available for rent, along with over 1,000 self-storage units. This extensive portfolio underscores the company’s commitment to providing affordable housing solutions while maintaining a steady growth trajectory.
Annual Report Highlights
The 2024 Annual Report emphasizes UMH Properties’ strategic initiatives and accomplishments over the past year. Samuel A. Landy, the President and Chief Executive Officer, expressed pride in sharing these developments and encourages thorough review of the report for those interested in the company's ongoing journey. The report provides insights into operational efficiencies, financial performance, and outlines projections for future growth, offering an optimistic outlook on the company's endeavors.
Community Operations and Growth Strategy
UMH Properties continues to expand its reach, with communities situated not only in New Jersey but also in states like New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida, and Georgia. This diverse geographical presence allows UMH to tap into various markets, thus enhancing its operational footprint. Furthermore, the company operates two communities in Florida through a joint venture with Nuveen Real Estate, demonstrating its commitment to strategic partnerships that foster growth.
Future Outlook and Vision
The future appears bright for UMH Properties as it focuses on enhancing its community offerings and customer experiences. By leveraging market trends and evolving consumer preferences, the company is well-positioned to adapt and thrive amidst changing conditions. The insights provided in the Annual Report serve as a guideline for stakeholders, illustrating how UMH is not only committed to current performance but also to sustainable growth strategies for the long term.
Contact Information
For more information or inquiries regarding UMH Properties, you can reach out to Nelli Madden at 732-577-4062. The company is open to communication and values feedback from its stakeholders, further emphasizing its dedication to transparency and engagement.
Frequently Asked Questions
What is the focus of UMH Properties?
UMH Properties specializes in managing manufactured home communities, providing sustainable housing options across various states.
How many communities does UMH operate?
UMH operates 139 manufactured home communities with over 26,000 homesites, catering to diverse housing needs.
Where can I access the 2024 Annual Report?
The 2024 Annual Report is available on UMH Properties' official website for public viewing.
Who is the CEO of UMH Properties?
Samuel A. Landy serves as the President and Chief Executive Officer of UMH Properties and leads the company's strategic directions.
What states does UMH Properties serve?
UMH Properties serves several states, including New Jersey, New York, Pennsylvania, Tennessee, and more, expanding its reach in the manufactured housing sector.
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