UMH Properties Announces First Quarter 2025 Financial Insights
UMH Properties Reports Strong First Quarter Results for 2025
UMH Properties, Inc. (NYSE: UMH) recently revealed its financial results for the first quarter of 2025, showcasing encouraging growth and improvement in various operational metrics. The company reported a total income of $61.2 million for the quarter ending March 31, 2025, reflecting a 6% increase compared to the same period in the previous year, where the total income was $57.7 million.
Financial Performance Overview
For the quarter ended March 31, 2025, UMH recorded a net loss attributable to common shareholders of $271,000, equating to $0.00 per diluted share. In contrast, the same quarter of the previous year saw a significantly higher net loss of $6.3 million, or $0.09 per diluted share. The notable reduction in losses indicates strong operational performance and effective cost management.
Funds from Operations Highlights
The Funds from Operations (FFO) attributable to common shareholders for the first quarter of 2025 stood at $18.2 million, or $0.22 per diluted share, which is a 10% increase from last year's $14.0 million or $0.20 per diluted share. Additionally, the Normalized Funds from Operations (Normalized FFO) increased to $18.8 million, equating to $0.23 per diluted share, up from $15.0 million or $0.22 per diluted share reported for the same quarter in 2024.
Operational Highlights
President and CEO, Samuel A. Landy, expressed satisfaction with the quarterly results, elaborating on several key operational achievements:
Growth in Rental Income
The company achieved an 8% increase in rental and related income, which solidifies its revenue streams amidst fluctuating market conditions. The Community Net Operating Income (NOI) also rose by 8%, showcasing the effectiveness of UMH’s operational strategies.
Strong Community Engagement
UMH observed an impressive uplift in Same Property Occupancy, reaching 87.9%, an increase from 87.2% previously. This performance indicates strong demand within the communities, reflecting the company’s focus on enhancing tenant satisfaction and engagement.
Strategic Acquisitions
During this quarter, UMH successfully acquired two fully occupied, age-restricted communities in New Jersey, adding approximately 266 homesites to its portfolio for about $24.6 million. These acquisitions are expected to contribute positively to future revenue growth and further solidify the company's market position.
Dividend Increases and Financial Outlook
UMH’s commitment to enhancing shareholder value is evident as it raised its quarterly common stock dividend by $0.01 to $0.225 per share. This 4.7% increase marks the fifth consecutive annual dividend increase during the past five years, enhancing the total annual dividend to $0.90 per share, or a 25% increase over this period.
Future Potential and Guidance
Looking ahead, UMH maintains its guidance for the full year of 2025, anticipating normalized FFO in the range of $0.96 to $1.04 per diluted share. Management remains optimistic, emphasizing the company's strategy to enhance occupancy, NOI, and rental sales as the season transitions into peak business periods.
Upcoming Financial Discussion
UMH Properties’ senior management plans to host a webcast and conference call to discuss the financial results in-depth on May 2, 2025, at 10 a.m. ET. Stakeholders will have the opportunity to gain insights into the current market conditions and future outlook of the company.
About UMH Properties, Inc.
Founded in 1968, UMH Properties, Inc. is a public equity REIT that currently owns and operates 141 manufactured home communities, encompassing approximately 26,500 developed homesites across several states, focusing on enhancing the lifestyle of its residents through quality housing and community engagement.
Frequently Asked Questions
What were UMH Properties' total earnings in the first quarter of 2025?
UMH reported total earnings of $61.2 million, marking a 6% increase from the previous year.
How much was the net loss for UMH in the first quarter?
The net loss attributable to common shareholders was $271,000 for the first quarter of 2025.
What is FFO and how did it perform this quarter?
Funds from Operations (FFO) reached $18.2 million or $0.22 per diluted share, a 10% increase from the same quarter last year.
Which strategic acquisition did UMH make recently?
UMH acquired two fully occupied communities in New Jersey, adding 266 homesites for $24.6 million.
What is the company’s forecast for 2025?
UMH projects normalized FFO to be in the range of $0.96 to $1.04 per diluted share for the full year 2025.
About The Author
Contact Owen Jenkins privately here. Or send an email with ATTN: Owen Jenkins as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
