UMH PROPERTIES, INC. THIRD QUARTER 2025 OPERATIONS UPDATE

Core Viewpoint - UMH Properties, Inc. is experiencing growth in sales, occupancy, and overall operating results, with expectations for increased earnings per share due to recent capital deployment into new rental homes and community acquisitions [1][2]. Group 1: Operating Results - The company converted 223 new homes from inventory to revenue-generating rental homes during the quarter, with a year-to-date total of 528 conversions, resulting in approximately 10,800 rental homes and a strong occupancy rate of 94.1% [2][4]. - Same property occupancy increased by 132 units in Q3 and 357 units year-over-year, reaching 88.5% [4]. - Gross home sales revenue for the third quarter was approximately $10 million, reflecting a 14% increase compared to the previous year, with $9.2 million from home sales and an additional $800,000 from the Honey Ridge community [4]. Group 2: Financial Performance - Rental and related charges for Q3 totaled approximately $57.7 million, a 10.1% increase from $52.4 million in the previous year, driven by a 10% increase in same property rental charges [4]. - The company has a sales pipeline of approximately $3.6 million, positioning it well for the fourth quarter [3]. Group 3: Capital Activities - UMH completed the acquisition of two manufactured home communities in Conowingo, Maryland, for $14.6 million, with 79% of the 191 developed homesites occupied [4]. - The company raised approximately $80.2 million through the issuance of 5.85% Series B Bonds due 2030, with proceeds allocated for working capital and general corporate purposes [4]. - Approximately 290,000 shares of Common Stock were sold at a weighted average price of $16.44 per share, generating gross proceeds of $4.8 million [4].