Earnings Call Summary | UMH Properties Inc(UMH.US) Q1 2024 Earnings Conference
Earnings Call Summary | UMH Properties Inc(UMH.US) Q1 2024 Earnings Conference
The following is a summary of the UMH Properties, Inc. (UMH) Q1 2024 Earnings Call Transcript:
以下是UMH地產公司（UMH）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
UMH reported normalized FFO per share for the first quarter of 2024 at $0.22, a 10% increase compared to the same quarter previous year.
Significant increases were noted in occupancy, ultimately reaching 87.1%, which contributed to an 11% increase in rental and related income, and an 16% increase in community net operating income.
UMH's community revenue growth was driven predominantly by annual rent increases, pitching for around $20 million more in projected earnings than 2023.
The company boasted a total market capitalization of approximately $2.1 billion at the quarter end, with a net generation of approximately $28.4 million through the Preferred ATM program and the DRIP.
Additionally, the common stock dividend was increased for the fourth consecutive year by $0.01 per quarter or $0.04 per year, reflecting UMH's positive financial health.
UMH報告稱，2024年第一季度的每股正常FFO爲0.22美元，與去年同期相比增長了10％。
入住率顯著增加，最終達到87.1％，這使租金和相關收入增長了11％，社區淨營業收入增長了16％。
UMH的社區收入增長主要是由年度租金增長推動的，預計收益將比2023年增加約2000萬美元。
截至本季度末，該公司的總市值約爲21億美元，通過優先自動櫃員機計劃和DRIP淨賺約2840萬美元。
此外，普通股股息連續第四年每季度增加0.01美元，合每年0.04美元，反映了UMH的良好財務狀況。
Business Progress:
業務進展：
UMH continues to show healthy progress in its rental home portfolio, owning over 10,000 rental units with 95.1% occupancy.
A target to install and rent 800 homes in 2024 is on track, as supported by a reduction in manufacturers' backlog.
The company successfully developed around 440 sites within lucrative markets in Maryland, Pennsylvania, Tennessee, and Indiana during the first quarter.
Furthermore, plans for filling 3,000 vacant lots in the next four to five years are anticipated to contribute to increasing revenue.
The company closed one sales center to lease the facility to Clayton Homes as part of a strategy to fill communities faster and augment FFO per share.
Joint ventures with homebuilders are being considered for a land owned by UMH located in Vineland, NJ near a Tiger Woods/Mike Trout Golf Course.
UMH的租賃房屋組合繼續顯示出健康的進步，擁有超過10,000套出租單元，入住率爲95.1％。
在製造商積壓數量減少的支持下，2024年安裝和租賃800套住房的目標已步入正軌。
第一季度，該公司在馬里蘭州、賓夕法尼亞州、田納西州和印第安納州的利潤豐厚的市場中成功開發了約440個場地。
此外，在未來四到五年內填補3,000塊空地的計劃預計將有助於增加收入。
該公司關閉了一個銷售中心，將該設施出租給Clayton Homes，這是加快社區填充速度和增加每股FFO的戰略的一部分。
正在考慮與房屋建築商合資興建一塊由UMH擁有的土地，該土地位於新澤西州瓦恩蘭的老虎伍茲/邁克·特勞特高爾夫球場附近。
More details: UMH Properties Inc IR
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Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。