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Jun 30, 2025
UMH Properties Q2 2025 Earnings Report
UMH Properties, Inc. reported a solid second quarter in 2025, with significant increases in total income, net income, and normalized FFO, driven by strong rental and manufactured home sales.
Key Takeaways
UMH Properties, Inc. delivered a strong second quarter in 2025, with total income rising to $66.6 million, a 10% increase year-over-year. Net income attributable to common shareholders significantly improved to $2.5 million, or $0.03 per diluted share, compared to $0.5 million, or $0.01 per diluted share, in the prior year. Normalized FFO also saw a substantial increase to $19.5 million, although normalized FFO per diluted share remained flat at $0.23.
Total Income increased by 10% to $66.6 million in Q2 2025 compared to Q2 2024.
Net Income Attributable to Common Shareholders rose significantly to $2.5 million in Q2 2025 from $0.5 million in Q2 2024.
Normalized Funds from Operations (Normalized FFO) increased by 16% to $19.5 million.
Same Property Community NOI grew by 10%, and Same Property Occupancy improved by 80 basis points to 88.2%.
Forward Guidance
UMH Properties anticipates continued occupancy and revenue growth through the installation and rental of new units, strong manufactured home sales, and further strategic acquisitions.
Positive Outlook
- Anticipates further occupancy and revenue growth from new rental unit installations.
- Expects continued strong sales of manufactured homes.
- Pleased with the ability to source and acquire new communities.
- Hopes to grow the acquisition pipeline in the near future.
- Looks forward to generating growing earnings per share in coming quarters.
Challenges Ahead
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
- No specific negative forward guidance was provided in the report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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