UMH Properties Reports Strong Growth in Third Quarter Operations

UMH Properties, Inc. Shows Impressive Growth in Recent Update

UMH Properties, Inc. (NYSE: UMH; TASE: UMH), a prominent real estate investment trust (REIT) that specializes in managing manufactured home communities, has recently released an operational update regarding its performance. The report highlights significant achievements during the third quarter of 2025, underscoring the company's commitment to growth and profitability.

Strong Conversion Rates Boost Operational Results

In the latest operational report, UMH Properties disclosed that it successfully transitioned 223 new homes from inventory into revenue-generating rental properties during the third quarter. This brings the total for the year to an impressive 528 homes converted. Currently, UMH boasts a portfolio of approximately 10,800 rental homes, achieving a solid occupancy rate of 94.1%, reflecting the company's strategic initiatives to enhance its rental offerings.

Occupancy Rate Increases

The same-property occupancy rate saw an uplifting increase, rising by 132 units this quarter and 357 units compared to the same time last year, now standing at 88.5%. This positive trend demonstrates UMH’s ability to attract and retain residents in its communities, which is crucial for long-term sustainability and revenue growth.

Sales Revenue Growth

Turning to sales, UMH Properties reported gross home sales revenue of $9.2 million in this quarter, marking a 5% increase compared to the previous year. Including sales from the newly opened Honey Ridge community, total sales for the third quarter reached approximately $10 million, a remarkable 14% increase year-over-year. The joint venture with Nuveen Real Estate at Honey Ridge has proven lucrative, contributing to a fresh stream of revenue for the company.

Rental and Related Charges on the Rise

County-wide rental and related charges have also increased, with a reported gain of about 10% in October 2025’s rental charges compared to October 2024. Total rental and related charges for the third quarter stood around $57.7 million, showing a substantial rise of approximately 10.1% from last year. This revenue boost can greatly enhance the company’s operational capacity and investor confidence immensely.

Strategic Acquisitions and Financial Moves

UMH Properties made strides in its acquisitions strategy by purchasing two manufactured home communities in Maryland for a total investment of $14.6 million. These communities encompass 191 developed homesites, 79% of which are currently occupied. Furthermore, the company successfully closed a bond sale to Israeli investors, raising approximately $80.2 million in Series B Bonds. The funds from this initiative intend to bolster working capital and support general corporate projects, reflecting MUH’s proactive approach in capital management.

Capital Increase through Stock Sales

The company also issued around 290,000 shares of common stock through its At-the-Market sale program, garnering gross proceeds of approximately $4.8 million. The successful sale of shares through the Preferred At-the-Market program yielded around $75,000. While these programs are currently on pause, the significant capital raised will provide essential liquidity for growth initiatives.

Looking Ahead: Future Prospects

CEO Samuel A. Landy expressed optimism about the company’s trajectory, explaining that UMH is firmly aligned with its long-term plan. As new capital is utilized for expanding rental homes and community acquisitions, the company anticipates growth in its earnings per share. Over the past five years, UMH Properties has raised dividends by 25%, showcasing its commitment to delivering shareholder value.

Inventory and Sales Pipeline

The company currently has about 130 homes ready for occupancy, with an additional 280 homes being installed on-site. This setup will enable UMH to maintain momentum in occupancy growth through the end of the year. Moreover, the sales pipeline is estimated at approximately $3.6 million, positioning UMH well for the upcoming quarter. The firm remains determined to break its prior annual sales record of $33.5 million set last year.

Frequently Asked Questions

What recent accomplishments has UMH Properties reported?

UMH Properties reported strong operational results, including a 14% increase in total sales revenue and high occupancy rates.

What is UMH's current occupancy rate?

UMH Properties currently boasts an occupancy rate of 94.1% across its rental homes.

How has UMH performed in terms of home sales revenue?

The company achieved approximately $10 million in home sales revenue this quarter, reflecting a 14% increase from the previous year.

What are UMH's plans for future growth?

UMH is focused on enhancing its operations through new rental home expansions and strategic acquisitions, along with maintaining occupancy growth.

Where can I find UMH's complete financial results?

Full financial results will be available on UMH's website following their formal release, expected shortly after market close on specified dates.

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