Welcome to our dedicated page for UMH Properties news (Ticker: $UMH), a resource for investors and traders seeking the latest updates and insights on UMH Properties stock.
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UMH Properties, Inc. reported a 10% increase in Total Income for Q1 2024 compared to the same period in 2023. Net Loss Attributable to Common Shareholders was $6.3 million. Funds from Operations increased by 11%, and Normalized Funds from Operations rose by 10% per diluted share. The company also saw improvements in Rental and Related Income, Community Net Operating Income, and Same Property Community NOI. UMH raised its quarterly common stock dividend and expanded its unsecured credit facility. Overall, the company is optimistic about future growth and continues to focus on creating long-term value for shareholders.