UMH PROPERTIES, INC. SECOND QUARTER 2024 OPERATIONS UPDATE

1. During the second quarter, UMH converted 144 new homes from inventory to revenue generating rental homes. UMH now owns approximately 10,100 rental homes with an occupancy rate of 95.0%. 2. During the second quarter, UMH sold 105 homes of which 35 were new home sales. Gross home sales revenue for the second quarter was $8.8 million as compared to $8.2 million last year, representing an increase of approximately 7%. 3. Year to date, overall occupancy increased by 196 units to 87%. During the second quarter ...