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Mar 31, 2025
UMH Properties Q1 2025 Earnings Report
Reported results for the first quarter ended March 31, 2025
Key Takeaways
UMH Properties, Inc. reported an increase in Total Income and Normalized Funds from Operations for the first quarter of 2025 compared to the same period in 2024, despite a Net Loss. The company highlighted strong community demand, increased occupancy, and strategic acquisitions.
Total Income increased by 6% to $61.2 million.
Normalized Funds from Operations (Normalized FFO) per diluted share increased by 5% to $0.23.
Same Property Community NOI increased by 8%.
Acquired two fully occupied, age-restricted communities for approximately $24.6 million.
Forward Guidance
UMH Properties expects continued growth in occupancy, NOI, and sales through the seasonally strong spring and summer months.
Positive Outlook
- Expects results to continue to improve.
- Anticipates obtaining annual rent increases.
- Plans to invest in additional rental units.
- Expects to increase sales.
- Aims to complete additional acquisitions.
Challenges Ahead
- None explicitly stated in the forward guidance summary.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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