UMH Properties, Inc. 3Q 2025 Operating Results Highlight Growth

By Ahmed Jameison • Friday, October 03 06:01 • Permanent Link

UMH Properties, Inc. has released its third-quarter 2025 operating results, showcasing several key metrics that demonstrate the company's performance and growth. Here are the highlights:

Conversion of New Homes: UMH converted 223 new homes to revenue-generating rental homes during the third quarter, bringing the year-to-date total to 528. The company now owns approximately 10,800 rental homes with an occupancy rate of 94.1%.
Same Property Occupancy: Same property occupancy increased by 132 units during the third quarter, reaching 88.5%, reflecting a growth of 357 units over the same period last year.
Gross Home Sales Revenue: UMH achieved gross home sales revenue of $9.2 million, marking a 5% increase compared to the previous year. Including sales from the recently opened Honey Ridge community, the total gross home sales revenue for the quarter amounted to approximately $10 million, representing a 14% increase over last year.
Rental and Related Charges: The company's occupancy gains and rent increases led to a 10% increase in same property rental and related charges compared to October 2024, and a 12% increase in total charges. Rental and related charges, including joint ventures, for the third quarter totaled approximately $57.7 million, up from $52.4 million last year, reflecting a 10.1% increase.
Community Acquisitions: UMH closed the acquisition of two manufactured home communities in Conowingo, Maryland, for a total purchase price of $14.6 million. These communities comprise 191 developed homesites, with a 79% occupancy rate, situated on approximately 82 acres.
Financial Offerings: The company completed the sale of approximately $80.2 million of 5.85% series B bonds due 2030 to investors in Israel. Additionally, UMH issued and sold approximately 290,000 shares of common stock and approximately 3,300 shares of preferred stock, generating gross proceeds of $4.8 million and approximately $75,000, respectively.

UMH Properties' President and CEO, Samuel A. Landy, highlighted the company's execution of its business plan, resulting in increased sales, occupancy, and overall operating results. The pace of rental home conversions has accelerated throughout the year, with a strong occupancy rate of 94.1% and promising sales growth.

Landy also noted the company's readiness for continued sales and occupancy growth, with a substantial inventory of homes on-site and ready for occupancy, positioning UMH well for the remainder of the year and into the next year.

UMH Properties, Inc. is set to release its final third-quarter results on November 3, 2025, providing further insights into its financial performance and market outlook. The market has reacted to these announcements by moving the company's shares -0.82% to a price of $14.59. For more information, read the company's full 8-K submission here.

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