UMH Properties Posts Strong Financial Growth for 2025
UMH Properties Reports Impressive Second Quarter Results
UMH Properties, Inc. (NYSE:UMH) recently unveiled its financial performance for the second quarter, showcasing a remarkable 10% increase in total income, reaching $66.6 million compared to $60.3 million during the same period last year. This growth reflects the company's solid foundation and operational strategies. Notably, the net income attributed to common shareholders rose to $2.5 million, or $0.03 per diluted share, a significant uptick from the previous year's $527,000 or $0.01 per diluted share.
Key Financial Metrics Overview
For those interested in a deeper financial analysis, the company's Normalized Funds from Operations (Normalized FFO) amounted to $19.5 million, or $0.23 per diluted share, maintaining the same per share performance as last year. The following summarizes essential figures from the quarter:
Total Income: $66,643
Total Expenses: $54,013
Net Income Attributable to Common Shareholders: $2,532
Operational Success in Q2 2025
President and CEO Samuel A. Landy expressed his satisfaction with the quarter's results, particularly highlighting a 9% rise in rental income and a 19% growth in the sales of manufactured homes. Other operational achievements include:
- Community Net Operating Income (NOI) increased by 11%.
- Normalized FFO increased by 16%.
- Same Property Community NOI grew by 10%.
- Occupancy rates improved by 80 basis points, reaching 88.2%.
- Operational expenses saw a positive shift, dropping from 39.4% to 38.2% in the same properties.
- Successfully added ten communities to the credit facility, securing approximately $101.4 million in proceeds.
- Raised common stock dividends to $0.225 per share, marking a 25% increase over the last five years.
- During the quarter, the company raised $31 million through share issuance.
Future Growth and Acquisition Plans
Landy also shared insights on upcoming initiatives, including the acquisition of two Maryland communities with a total of 191 homesites for approximately $14.6 million. Additionally, the company aims to build on its positive momentum by exploring further acquisition opportunities throughout the year.
Positive Outlook for UMH Properties
In reflecting on the future, Landy remarked that UMH is dedicated to increasing its property values and promoting further revenue growth through enhanced operations and occupancy rates. As they continue to expand their portfolio, the company anticipates a sustainable trajectory for financial performance moving forward.
Upcoming Financial Conference Call
UMH Properties, Inc. will host a webcast and conference call on August 7, 2025, at 10:00 a.m. Eastern Time to discuss these results and provide insights on future market conditions. Interested participants can find details on the company's website.
Contact Information
For inquiries, please contact Nelli Madden at 732-577-9997.
Frequently Asked Questions
What were the total revenues for UMH Properties in Q2 2025?
The total revenues amounted to $66.6 million, showing a 10% increase from the previous year.
How much did the net income attributable to common shareholders increase?
The net income attracted to common shareholders increased from $527,000 last year to $2.5 million in Q2 2025.
What operational metrics did UMH Properties improve in Q2 2025?
Notable operational improvements included a 9% rise in rental income and an 11% increase in Community Net Operating Income (NOI).
Has UMH Properties raised its dividend recently?
Yes, the company raised its dividend by $0.01 per share, amounting to a total of $0.225 per share.
What future plans does UMH Properties have?
UMH plans to continue acquiring additional communities and expanding its portfolio to drive further growth.
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