UMH Properties Inc. Reports Strong Third Quarter Results for 2025

UMH Properties successfully converted 223 new homes from inventory into revenue-generating rental homes during the third quarter. This brings the total number of homes converted year-to-date to 528, with the company now managing approximately 10,800 rental homes. The occupancy rate stands at a solid 94.1%.

In addition to these developments, the same property occupancy increased by 132 units in the third quarter, marking a total increase of 357 units compared to the same period last year, now reaching 88.5%. This upward trend in occupancy is a positive indicator of the company's operational effectiveness.

The company reported gross home sales revenue of $9.2 million for the quarter, compared to $8.7 million in the previous year, reflecting a growth of approximately 5%. Notably, the recently opened Honey Ridge community, developed in partnership with Nuveen Real Estate, contributed about $800,000 to this total. Overall, the sales for the third quarter reached approximately $10 million, showcasing a remarkable 14% increase over the same period last year.

UMH Properties experienced a significant rise in rental and related charges, totaling approximately $57.7 million for the third quarter, compared to $52.4 million last year, representing an increase of about 10.1%. The company attributes this growth to occupancy gains and rent increases achieved throughout 2024 and into 2025, with rental and related charges projected to increase by approximately 10% over October 2024.

In an effort to expand its portfolio, UMH Properties closed on the acquisition of two manufactured home communities in Conowingo, Maryland, for a total purchase price of $14.6 million. These communities consist of 191 developed homesites, with an occupancy rate of 79%.

The company also completed an offering of approximately $80.2 million of 5.85% Series B Bonds due 2030, with net proceeds earmarked for working capital and general corporate purposes. Furthermore, through its At-the-Market sale program, UMH issued around 290,000 shares of Common Stock at a weighted average price of $16.44 per share, generating gross proceeds of $4.8 million.

Samuel A. Landy, President and CEO of UMH Properties, expressed confidence in the company's trajectory, stating, "UMH continues to execute on its business plan, which is resulting in increased sales, occupancy, and overall operating results." He emphasized the company's commitment to increasing its inventory of rental homes, with a goal of adding between 700 to 800 new rental homes.

Landy further noted that sales are on track to surpass last year's record of $33.5 million, with a current sales pipeline of approximately $3.6 million. The CEO remains optimistic about the company's ability to maintain growth, stating, "We look forward to continued sales and occupancy growth throughout the year."

UMH Properties, Inc. has demonstrated a solid performance in the third quarter of 2025, driven by strategic home conversions, increased occupancy, and significant revenue growth. As the company continues to expand its portfolio and capitalize on market opportunities, stakeholders can anticipate a promising outlook heading into the final quarter of the year. The final third quarter results are set to be released on November 3, 2025, providing further insights into the company's financial health and operational strategies.