Samuel Landy, President and CEO, commented on the results of the first quarter of 2024. “We are pleased with the progress that we have made on all fronts. Year over year, normalized FFO per diluted share increased by 10%, from $0.20 in the first quarter of last year to $0.22 this year. These results are in line with our expectations and position the company to continue to grow earnings per diluted share in the coming quarters. Our earnings growth over the past year, combined with strong community operating results, has resulted in a fourth consecutive annual dividend increase. Since 2020, we have raised our dividend by 19%, or $0.14 per share.”
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on UMH:
- UMH PROPERTIES, INC. REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2024
- UMH PROPERTIES, INC. PUBLISHES ITS 2023 SUSTAINABILITY REPORT
- UMH PROPERTIES, INC. HONORED WITH MANUFACTURED HOUSING INSTITUTE’S COMMUNITY OPERATOR OF THE YEAR
- UMH Properties Expands Credit Facility, Strengthens Finances
- UMH PROPERTIES, INC. EXPANDS ITS EXISTING UNSECURED REVOLVING CREDIT AGREEMENT