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Stock impact report

UMH PROPERTIES, INC. COMMENTS ON RECENT ECONOMIC DEVELOPMENTS

UMH Properties, Inc. (UMH) 
Last umh properties, inc. earnings: 3/5 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.umh.com
Company Research Source: GlobeNewswire
FREEHOLD, NJ, March 10, 2020 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH), a real estate investment trust (REIT) specializing in manufactured home communities, is pleased to announce that the Company’s basic business continues to perform well. The Company is experiencing strong demand and rising rental rates at its locations. Samuel A. Landy, President and Chief Executive Officer, commented, “We anticipate that occupancy and rents will not be impacted by the recent decline in oil and gas prices. Our view of the energy industry in Pennsylvania and Ohio was expressed in our 10-K and earnings release and continues to be our current position.” “Our manufactured home communities are situated on 6,600 acres of valuable land. This includes 3,400 acres in the energy-rich Marcellus and Utica Shale regions. As anticipated, the vast oil and natural gas reserves in these areas have become substantial economic catalysts that are creating significant prosperity and growth. We be Show less Read more
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