UMH PROPERTIES, INC. FIRST QUARTER 2025 OPERATIONS UPDATE
UMH Properties (NYSE: UMH) has reported strong operational results for Q1 2025. The company converted 115 new homes to rental properties, now managing approximately 10,400 rental homes with a 94.7% occupancy rate. Same Property occupancy increased by 113 units during Q1 and 227 units year-over-year to 88%.
Rental and related charges grew 8.3% to $54.9 million, while gross home sales revenue decreased 9.5% to $6.7 million. The company raised capital through its At-the-Market programs, generating $9.4 million from common stock and $1.1 million from preferred shares.
UMH acquired two age-restricted communities in Mantua, New Jersey, for $24.6 million, adding 266 fully occupied homesites. The company increased its annual dividend for the fifth consecutive year to $0.90 per share, representing a 25% increase over five years.
UMH Properties (NYSE: UMH) ha riportato risultati operativi solidi per il primo trimestre del 2025. L'azienda ha convertito 115 nuove abitazioni in proprietà in affitto, gestendo ora circa 10.400 case in affitto con un tasso di occupazione del 94,7%. L'occupazione delle stesse proprietà è aumentata di 113 unità durante il primo trimestre e di 227 unità rispetto all'anno precedente, raggiungendo l'88%.
Le entrate da affitti e oneri correlati sono cresciute del 8,3% a 54,9 milioni di dollari, mentre il fatturato delle vendite di case è diminuito del 9,5% a 6,7 milioni di dollari. L'azienda ha raccolto capitali attraverso i suoi programmi At-the-Market, generando 9,4 milioni di dollari da azioni ordinarie e 1,1 milioni di dollari da azioni privilegiate.
UMH ha acquisito due comunità con restrizioni per età a Mantua, nel New Jersey, per 24,6 milioni di dollari, aggiungendo 266 lotti abitativi completamente occupati. L'azienda ha aumentato il suo dividendo annuale per il quinto anno consecutivo a 0,90 dollari per azione, rappresentando un aumento del 25% in cinque anni.
UMH Properties (NYSE: UMH) ha reportado sólidos resultados operativos para el primer trimestre de 2025. La empresa convirtió 115 nuevas casas en propiedades de alquiler, gestionando ahora aproximadamente 10,400 casas de alquiler con una tasa de ocupación del 94.7%. La ocupación de las mismas propiedades aumentó en 113 unidades durante el primer trimestre y en 227 unidades en comparación con el año anterior, alcanzando el 88%.
Los ingresos por alquiler y cargos relacionados crecieron un 8.3% a 54.9 millones de dólares, mientras que los ingresos por ventas de casas disminuyeron un 9.5% a 6.7 millones de dólares. La compañía recaudó capital a través de sus programas At-the-Market, generando 9.4 millones de dólares de acciones comunes y 1.1 millones de dólares de acciones preferentes.
UMH adquirió dos comunidades restringidas por edad en Mantua, Nueva Jersey, por 24.6 millones de dólares, añadiendo 266 sitios de casas completamente ocupados. La empresa aumentó su dividendo anual por quinto año consecutivo a 0.90 dólares por acción, representando un aumento del 25% en cinco años.
UMH Properties (NYSE: UMH)는 2025년 1분기 강력한 운영 결과를 보고했습니다. 이 회사는 115채의 새로운 주택을 임대 자산으로 전환하여 현재 약 10,400채의 임대 주택을 관리하고 있으며, 94.7%의 점유율을 기록하고 있습니다. 동일 자산의 점유율은 1분기 동안 113채 증가했으며, 전년 대비 227채 증가하여 88%에 도달했습니다.
임대 및 관련 수수료는 8.3% 증가하여 5,490만 달러에 달했으며, 주택 판매 수익은 9.5% 감소하여 670만 달러에 이르렀습니다. 회사는 At-the-Market 프로그램을 통해 자본을 조달하여 보통주로 940만 달러, 우선주로 110만 달러를 생성했습니다.
UMH는 뉴저지주 만투아에 있는 두 개의 연령 제한 커뮤니티를 2,460만 달러에 인수하여 266개의 완전 점유 주택지를 추가했습니다. 이 회사는 5년 연속으로 연간 배당금을 주당 0.90달러로 인상하여 5년 동안 25% 증가했습니다.
UMH Properties (NYSE: UMH) a rapporté de solides résultats opérationnels pour le premier trimestre 2025. L'entreprise a converti 115 nouvelles maisons en propriétés locatives, gérant désormais environ 10 400 maisons en location avec un taux d'occupation de 94,7%. L'occupation des mêmes propriétés a augmenté de 113 unités au cours du premier trimestre et de 227 unités d'une année sur l'autre, atteignant 88%.
Les revenus locatifs et les charges associées ont augmenté de 8,3% pour atteindre 54,9 millions de dollars, tandis que les revenus des ventes de maisons ont diminué de 9,5% pour s'établir à 6,7 millions de dollars. L'entreprise a levé des fonds par le biais de ses programmes At-the-Market, générant 9,4 millions de dollars d'actions ordinaires et 1,1 million de dollars d'actions privilégiées.
UMH a acquis deux communautés à restriction d'âge à Mantua, dans le New Jersey, pour 24,6 millions de dollars, ajoutant 266 sites de maisons entièrement occupés. L'entreprise a augmenté son dividende annuel pour la cinquième année consécutive à 0,90 dollar par action, représentant une augmentation de 25% sur cinq ans.
UMH Properties (NYSE: UMH) hat starke Betriebsergebnisse für das erste Quartal 2025 berichtet. Das Unternehmen hat 115 neue Wohnungen in Mietobjekte umgewandelt und verwaltet nun etwa 10.400 Mietwohnungen mit einer Belegungsrate von 94,7%. Die Belegung der gleichen Immobilien stieg im ersten Quartal um 113 Einheiten und im Jahresvergleich um 227 Einheiten auf 88%.
Die Mieteinnahmen und damit verbundene Gebühren stiegen um 8,3% auf 54,9 Millionen Dollar, während die Bruttoeinnahmen aus dem Verkauf von Häusern um 9,5% auf 6,7 Millionen Dollar fielen. Das Unternehmen hat Kapital über seine At-the-Market-Programme beschafft und 9,4 Millionen Dollar aus Stammaktien und 1,1 Millionen Dollar aus Vorzugsaktien generiert.
UMH erwarb zwei altersbeschränkte Gemeinschaften in Mantua, New Jersey, für 24,6 Millionen Dollar und fügte 266 vollständig belegte Grundstücke hinzu. Das Unternehmen erhöhte seine jährliche Dividende im fünften Jahr in Folge auf 0,90 Dollar pro Aktie, was einer Steigerung von 25% über fünf Jahre entspricht.
- Rental home occupancy increased to 94.7% from 94.0%
- Same Property occupancy improved by 113 units in Q1
- Rental revenue grew 8.3% to $54.9 million
- Acquired two fully occupied communities for $24.6 million
- Fifth consecutive annual dividend increase to $0.90 per share
- Gross home sales revenue declined 9.5% to $6.7 million
- Share dilution through ATM program sales of common and preferred stock
Insights
UMH Properties' Q1 2025 update demonstrates solid operational performance with meaningful revenue growth. Rental and related charges increased
Despite a
The REIT continues executing its growth strategy through strategic acquisitions, purchasing two fully-occupied age-restricted communities in New Jersey for
The company successfully raised capital through its ATM programs, generating
Particularly notable is the company's fifth consecutive annual dividend increase, bringing the distribution to
UMH's operational metrics reveal a company effectively executing its manufactured housing community strategy. The conversion of 115 homes from inventory to revenue-generating rental units demonstrates UMH's ability to monetize its assets while maintaining high occupancy levels. The
The
The company's acquisition of fully-occupied communities in New Jersey aligns with a low-risk expansion approach. By acquiring properties with
UMH's investment in 800 new rental homes represents a significant commitment to its rental-focused business model. This investment, combined with the
FREEHOLD, NJ, April 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 first quarter of 2025 operating results:
- UMH converted 115 new homes from inventory to revenue generating rental homes. UMH now owns approximately 10,400 rental homes with an occupancy rate of
94.7% .
- Same Property occupancy increased by 113 units during the first quarter and 227 units over last year to
88% .
- UMH achieved gross home sales revenue of
$6.7 million compared to$7.4 million last year, representing a decrease of approximately9.5% . Included in the first quarter sales last year was the liquidation of$730,000 of inventory at a sales center that was leased to a third-party operator. Excluding these sales, gross sales increased by0.5% over last year.
- Our occupancy gains and rent increases achieved throughout 2024 and thus far in 2025 have increased our April 2025 rental and related charges by approximately
9% over April 2024. Rental and related charges for the first quarter were approximately$54.9 million compared to$50.7 million last year, representing an increase of approximately8.3% .
- We issued and sold approximately 515,000 shares of Common Stock through our At-the-Market sale program at a weighted average price of
$18.21 per share, generating gross proceeds of$9.4 million . Through the Preferred At-the-Market sale program, we issued and sold approximately 49,000 shares at a weighted average price of$23.03 per share, generating gross proceeds of approximately$1.1 million .
- UMH closed on the acquisition of two age-restricted manufactured home communities, located in Mantua, New Jersey, for a total purchase price of
$24.6 million . These communities contain 266 developed homesites, of which100% are occupied. They are situated on approximately 38 acres.
Samuel A. Landy, President and CEO of UMH Properties, Inc., stated “2025 is off to a strong start. We continue to fill homes in our communities through our rental home and sales program. This is evidenced by our increase in same property occupancy of 113 units and the increase in our rental home occupancy by 70 bps from
“UMH is on track to generate increased revenue through our
“Our solid and growing operating results have given management and the Board of Directors the confidence to increase the dividend for a fifth consecutive year. Our annual distribution to shareholders is now
“We are pleased to complete our first acquisitions of 2025. These communities fit well within our existing footprint and are great additions to our portfolio. We have two communities in Maryland under contract that should close in the second quarter. We anticipate being active in the acquisition market as we progress 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 first quarter ended March 31, 2025. UMH’s final first quarter results will be released on Thursday, May 1, 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 Friday, May 2, 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 10,400 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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