UMH Properties: The 6.9% Yielding Preferred Shares Enjoy Good Coverage
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UMH Properties' preferred shares offer a 6.89% yield with strong dividend coverage due to robust FFO and AFFO performance. The issuance of new common shares has improved the balance sheet by reducing debt and interest expenses.
November 27, 2024 | 3:45 pm
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UMH Properties' preferred shares provide a 6.89% yield with strong dividend coverage, supported by robust FFO and AFFO performance. The issuance of new common shares has reduced debt and interest expenses, enhancing the balance sheet's safety.
The article highlights the strong financial performance of UMH Properties, ensuring good coverage for its preferred shares' dividends. The issuance of new common shares has improved the company's balance sheet by reducing debt and interest expenses, which is positive for the stock price.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90