UMH PROPERTIES, INC. SECOND QUARTER 2025 OPERATIONS UPDATE
UMH Properties (NYSE: UMH), a REIT specializing in manufactured home communities, reported strong Q2 2025 operational results. The company converted 188 new homes to rental properties, bringing their total rental portfolio to 10,600 homes with 94.4% occupancy. Same-property occupancy increased to 88.2%, adding 251 units year-over-year.
Key financial highlights include a 17% increase in gross home sales to $10.3 million, and an 8.5% growth in rental charges to $55.9 million. UMH completed a significant Fannie Mae refinancing of ten communities, generating $101.4 million in proceeds at 5.855% fixed interest rate. The company also raised $31 million through stock sales at an average price of $17.60 per share.
UMH Properties (NYSE: UMH), un REIT specializzato in comunità di case prefabbricate, ha riportato risultati operativi solidi nel secondo trimestre 2025. L'azienda ha convertito 188 nuove case in proprietà in affitto, portando il totale del portafoglio a 10.600 case con un'occupazione del 94,4%. L'occupazione delle proprietà stesse è aumentata al 88,2%, con un incremento di 251 unità anno su anno.
I principali dati finanziari includono un aumento del 17% delle vendite lorde di case a 10,3 milioni di dollari e una crescita dell'8,5% dei canoni di affitto a 55,9 milioni di dollari. UMH ha completato un'importante rifinanziamento con Fannie Mae di dieci comunità, generando 101,4 milioni di dollari di proventi a un tasso di interesse fisso del 5,855%. La società ha inoltre raccolto 31 milioni di dollari attraverso la vendita di azioni a un prezzo medio di 17,60 dollari per azione.
UMH Properties (NYSE: UMH), un REIT especializado en comunidades de casas prefabricadas, reportó sólidos resultados operativos en el segundo trimestre de 2025. La compañía convirtió 188 nuevas casas en propiedades de alquiler, llevando su portafolio total a 10,600 casas con una ocupación del 94.4%. La ocupación en propiedades comparables aumentó a 88.2%, sumando 251 unidades año tras año.
Los aspectos financieros clave incluyen un aumento del 17% en ventas brutas de casas a 10.3 millones de dólares, y un crecimiento del 8.5% en cargos por alquiler a 55.9 millones de dólares. UMH completó un importante refinanciamiento con Fannie Mae de diez comunidades, generando 101.4 millones de dólares en ingresos con una tasa fija de interés del 5.855%. La empresa también recaudó 31 millones de dólares mediante la venta de acciones a un precio promedio de 17.60 dólares por acción.
UMH Properties (NYSE: UMH)는 제조 주택 단지에 특화된 리츠(REIT)로, 2025년 2분기 강력한 운영 실적을 보고했습니다. 회사는 188채의 신규 주택을 임대용 주택으로 전환하여 총 임대 포트폴리오를 10,600채, 점유율 94.4%로 확대했습니다. 동일 부동산 점유율은 88.2%로 증가하며 전년 대비 251가구가 늘어났습니다.
주요 재무 하이라이트로는 주택 총판매액이 17% 증가하여 1,030만 달러, 임대료 수익은 8.5% 성장하여 5,590만 달러에 달했습니다. UMH는 10개 커뮤니티에 대한 중요한 Fannie Mae 재융자를 완료하여 1억 1,140만 달러의 자금을 조달했으며, 고정금리는 5.855%입니다. 또한 주식 매각을 통해 3,100만 달러를 조달했으며, 주당 평균 가격은 17.60달러였습니다.
UMH Properties (NYSE : UMH), un REIT spécialisé dans les communautés de maisons préfabriquées, a annoncé de solides résultats opérationnels pour le deuxième trimestre 2025. La société a converti 188 nouvelles maisons en propriétés locatives, portant son portefeuille locatif total à 10 600 maisons avec un taux d’occupation de 94,4%. Le taux d’occupation des propriétés comparables a augmenté à 88,2%, soit une hausse de 251 unités d’une année sur l’autre.
Les principaux points financiers comprennent une augmentation de 17 % des ventes brutes de maisons à 10,3 millions de dollars, ainsi qu’une croissance de 8,5 % des revenus locatifs à 55,9 millions de dollars. UMH a réalisé un important refinancement Fannie Mae de dix communautés, générant 101,4 millions de dollars de recettes à un taux d’intérêt fixe de 5,855 %. La société a également levé 31 millions de dollars par la vente d’actions à un prix moyen de 17,60 dollars par action.
UMH Properties (NYSE: UMH), ein auf Fertighaus-Gemeinschaften spezialisierter REIT, meldete starke operative Ergebnisse für das zweite Quartal 2025. Das Unternehmen wandelte 188 neue Häuser in Mietobjekte um und brachte sein gesamtes Mietportfolio auf 10.600 Häuser mit einer Belegungsrate von 94,4%. Die Belegung vergleichbarer Objekte stieg auf 88,2%, was einem Zuwachs von 251 Einheiten im Jahresvergleich entspricht.
Wesentliche finanzielle Highlights sind ein 17%iger Anstieg der Bruttohausverkäufe auf 10,3 Millionen US-Dollar sowie ein 8,5%iges Wachstum der Mieteinnahmen auf 55,9 Millionen US-Dollar. UMH schloss eine bedeutende Fannie Mae Refinanzierung von zehn Gemeinschaften ab, die 101,4 Millionen US-Dollar Erlöse bei einem festen Zinssatz von 5,855% generierte. Das Unternehmen nahm außerdem 31 Millionen US-Dollar durch Aktienverkäufe zu einem durchschnittlichen Preis von 17,60 US-Dollar pro Aktie ein.
- Rental portfolio expanded to 10,600 homes with high 94.4% occupancy rate
- 17% year-over-year increase in gross home sales revenue to $10.3 million
- 8.5% growth in rental and related charges to $55.9 million
- Refinancing generated $101.4 million, with properties showing 146% value appreciation
- Same-property rental charges increased 9.2% year-over-year
- Dilution from 1.8 million new shares issued through ATM program
- Additional debt from $101.4 million Fannie Mae refinancing at 5.855% interest rate
Insights
UMH shows strong Q2 with 17% sales growth, 8.5% rental revenue increase, and significant property value appreciation of 146% over cost basis.
UMH Properties delivered robust operational results in Q2 2025, demonstrating the effectiveness of their manufactured housing community business model. The company achieved
The rental operation shows equally impressive metrics with
Particularly noteworthy is UMH's refinancing achievement with Fannie Mae. The company secured
Occupancy metrics further underscore UMH's operational strength. The company converted 188 new homes to revenue-generating rentals in Q2, bringing their total to 305 for the year, with 10,600 rental units now at
The company also successfully raised capital by issuing 1.8 million common shares at a weighted average price of
FREEHOLD, NJ, July 02, 2025 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH), a real estate investment trust (REIT) specializing in the ownership and operation of manufactured home communities, is providing investors with an update on the second quarter of 2025 operating results:
- UMH converted 188 new homes from inventory to revenue generating rental homes. UMH now owns approximately 10,600 rental homes with an occupancy rate of
94.4% . - Same Property occupancy increased by 76 units during the second quarter and 251 units over last year to
88.2% . - UMH achieved gross home sales revenue of
$10.3 million compared to$8.8 million last year, representing an increase of approximately17% . - Our occupancy gains and rent increases achieved throughout 2024 and thus far in 2025 have increased our same property July 2025 rental and related charges by approximately
9.2% over July 2024 and our total charges by10.4% . Rental and related charges for the second quarter were$55.9 million compared to$51.5 million last year, representing an increase of approximately8.5% . - We completed the addition of ten communities containing approximately 2,000 sites to our Fannie Mae credit facility. This refinancing generated total proceeds of approximately
$101.4 million with a fixed interest rate of5.855% . As part of the refinancing process, a certified appraisal was conducted and concluded that these ten communities appraised for$163.5 million , or$82,000 per site. Our total investment in these communities is$66.6 million . The communities have increased in value a total of$96.9 million , or146% from our cost basis. - We issued and sold approximately 1.8 million shares of Common Stock through our At-the-Market sale program at a weighted average price of
$17.60 per share, generating gross proceeds of$31.0 million .
Samuel A. Landy, President and CEO of UMH Properties, Inc., stated “Our second quarter operating results continue to demonstrate the effectiveness and success of our long-term business plan. The quarter was highlighted by the addition to our Fannie Mae credit facility. These refinancings document the substantial value of our communities and of our portfolio. Additionally, the refinancing generated approximately
“Our communities continue to experience strong demand which we are converting into occupied sites through our rental home and sales programs. We are proud to announce that our second quarter sales set a new quarterly sales record.”
“Our rental home program continues to perform well with the conversion of 188 new homes from inventory to revenue generating rental homes in the second quarter. For the year, we have converted 305 homes from inventory to revenue generating rental homes. We believe we can still meet our 800 new rental home target in 2025 as we have over 500 new homes in various stages of set up throughout our portfolio.”
“We look forward to continued sales and occupancy growth throughout the year.”
It should be noted that the financial information set forth above reflects our preliminary estimates with respect to such information, based on information currently available to management, and may vary from our actual financial results as of and for the second quarter ended June 30, 2025. UMH’s final second quarter results will be released on Wednesday, August 6, 2025, after the close of trading on the New York Stock Exchange and will be available on the Company’s website at www.umh.reit, in the Financials section. Senior management will discuss the results, current market conditions and future outlook on Thursday, August 7, 2025, at 10:00 a.m. Eastern Time.
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 141 manufactured home communities containing approximately 26,500 developed homesites, of which 10,600 contain rental homes, and over 1,000 self-storage units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 141 communities are two communities in Florida, containing 363 sites that UMH has an ownership interest in and operates through its joint venture with Nuveen Real Estate.
Certain statements included in this press release which are not historical facts may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements are based on the Company’s current expectations and involve various risks and uncertainties. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the Company can provide no assurance those expectations will be achieved. The risks and uncertainties that could cause actual results or events to differ materially from expectations are contained in the Company’s annual report on Form 10-K and described from time to time in the Company’s other filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.
Contact: Nelli Madden
732-577-4062
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