UMH Properties (NYSE:UMH) extended and expanded its unsecured revolver to $260M available ($600M max) with a four‑year term, reduced borrowing cap and lower interest, while sustaining dividends and gaining inclusion in the Russell 2000 Value‑Defensive Index as it manages 145 communities.
Previous Week Recap
- UMH Revolver Extended, Rates Cut: UMH Properties extended its unsecured revolver to $260M available, $600M max with accordion. Four-year term plus one-year option. Borrowing cap rate cut from 6.5% to 6.0%. Interest down ~35–40 bps.
- UMH Declares Dividend Ranges: UMH Properties (UMH) declared a $0.225 common dividend (annualized $0.90) and $0.3984375 on 6.375% Series D preferred, both payable Sept 15, 2026 to holders of record Aug 17, 2026.
- UMH Added To Russell 2000: UMH Properties (UMH) was added to the Russell 2000 Value-Defensive Index after June 26, 2026. Company owns and operates 145 manufactured home communities with about 27,100 homesites.
This is an AI-generated summary and may contain inaccuracies. Please verify any important information with the original sources.