UMH PROPERTIES, INC. REPORTS ON THE IMPACT OF HURRICANE HELENE
02 Octubre 2024 - 4:55PM
UMH Properties, Inc. (NYSE: UMH) (TASE: UMH) reported today on the
impact of Hurricane Helene on its portfolio of manufactured housing
communities.
Samuel A. Landy, President and Chief Executive
Officer, commented, “Our communities in Florida, Alabama, South
Carolina and Georgia experienced high winds and heavy rain which
resulted in minor damage to these communities. Additionally,
several of our communities in Tennessee and Ohio had trees down and
other minor damage. The limited damage to our homes and our
communities demonstrates the quality and durability of our homes.
Most importantly, all of our residents and employees are safe. We
are taking appropriate measures to clean up and repair any marginal
damages sustained at our communities. We do not expect the effects
of the storm to have a material impact on our operations or
financial results. While our damage was minimal, others were not as
fortunate. We stand ready to provide support as requested by the
local, state and federal government.”
UMH Properties, Inc., which was organized in
1968, is a public equity REIT that owns and operates 136
manufactured home communities containing approximately 25,800
developed homesites. These communities are located in New Jersey,
New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland,
Michigan, Alabama, South Carolina and Georgia. UMH also has an
ownership interest in and operates two communities in Florida,
containing 363 sites, through its joint venture with Nuveen Real
Estate.
Contact: Nelli
Madden732-577-4062
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