UMH Properties Preferreds: Near 7% Yield, Manufacturing Housing Tailwinds, Good Coverage
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UMH Properties is capitalizing on the U.S. housing shortage by offering affordable manufactured homes, leading to strong earnings growth. The company plans significant expansion in 2024 and 2025, supporting organic growth. UMH-D is rated a BUY due to its well-covered yield and favorable market conditions.
January 17, 2025 | 2:30 pm
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UMH Properties is benefiting from the U.S. housing shortage, leading to strong earnings growth. The company plans to expand significantly in 2024 and 2025, supporting organic growth. UMH-D is rated a BUY due to its well-covered yield and favorable market conditions.
UMH Properties is directly benefiting from the U.S. housing shortage, which is driving demand for affordable manufactured homes. The company's plans to expand by developing 200 sites in 2024 and 500 in 2025 indicate strong future growth potential. The well-covered yield of UMH-D and the positive market conditions make it an attractive investment, leading to a BUY rating.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100