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Quotes delayed 20 minutes
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Strong Buy (4.00 out of 4)
82nd percentile
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 Preferred Stock Offerings
By Preferred Stock Channel Staff, updated Friday, April 26, 4:04 AM
Slide #184. UMH Properties, Inc. — Preferred Stock Offering
| Company: |
UMH Properties, Inc. (NYSE:UMH) |
| Date announced: |
4/1/2016 |
| Shares Offered: |
2,000,000 |
| Date of Pricing: |
4/1/2016 |
| Price Per Share: |
$25.50 |
| Preferred Stock Offering Details: |
UMH Properties, Inc. (NYSE: UMH) (the "Company") announced the pricing of a registered direct placement of 2,000,000 shares of its 8.0% Series B Cumulative Redeemable Preferred Stock (the "Series B Preferred Stock") at an offering price of $25.50 per share. The shares of Series B Preferred Stock being offered will form a single series with, will have the same terms as, and will vote as a single class with, the 1,801,200 outstanding shares of Series B Preferred Stock issued in October 2015 and will rank on a parity with the Company's outstanding 8.25% Series A Preferred Stock (the "Series A Preferred Stock"), of which 3,663,800 shares are currently outstanding. After giving effect to the offering, the Company will have a total of 3,801,200 shares of Series B Preferred Stock outstanding. The shares of Series B Preferred Stock are listed on The New York Stock Exchange under the symbol "UMH PRB." The Series B Preferred Stock has a $25.00 liquidation value per share. |
UMH Properties is a self-administered and self-managed qualified real estate investment trust (REIT). Co.'s primary business is the ownership and operation of manufactured home communities – leasing manufactured homesites to private manufactured home owners. Co. also leases homes to residents, and through its REIT subsidiary, UMH Sales and Finance, Inc., conducts manufactured home sales in its communities. As of Dec 31 2017, Co. owned and operated 112 manufactured home communities containing approximately 20,000 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland. Preferreds: UMH.PRA, UMH.PRB, UMH.PRC, UMH.PRD
 Open the UMH Page at Preferred Stock Channel »
| Name: |
UMH Properties Inc |
| Website: |
www.umh.reit |
| Sector: |
REITs |
| Number of ETFs Holding UMH: |
25 (see which ones) |
| Total Market Value Held by ETFs: |
$63,510,048 |
| Total Market Capitalization: |
$537,000,000 |
| % of Market Cap. Held by ETFs: |
11.83% |
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Open the UMH Page at Preferred Stock Channel (in a new window) »
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