UMH Properties(US:UMH)2025-11-04 15:00Company Overview - UMH Properties, Inc is a publicly owned REIT operating since 1968, with a robust portfolio of 145 manufactured home communities[8,9] - The company's portfolio contains approximately 27,000 developed homesites across 12 states [8,19] - UMH has an expanding rental portfolio of approximately 10,800 units, with an increase of 500 homes in the last 12 months [8,19] - The company has a finance portfolio of approximately $99.6 million in loans [10] Financial Performance & Growth - Rental and related income increased by 11% [16] - Sales of manufactured homes increased by 5% [16] - Community Net Operating Income (NOI) increased by 11% [16] - Normalized Funds from Operations (FFO) increased by 15%, with Normalized FFO per diluted share up by 4% [16] - Same Property Community NOI increased by 12% [16] - The company issued approximately $80.2 million aggregate principal amount of 5.85% Series B Bonds due 2030 [16] Portfolio & Expansion - Portfolio occupancy stands at 88.2% with home rentals as 40.8% of sites [19] - Home rental occupancy is at 93.9% with an average monthly home rent of $1,026 [19,37] - UMH has approximately 2,300 acres of additional acreage to be developed [8,19] - Subsequent to quarter end, the company acquired one community in Georgia containing approximately 130 homesites for a total cost of approximately $2.6 million [14]