UMH Properties Reports Strong Q1 2025 Earnings

UMH Properties ( (UMH) ) has released its Q1 earnings. Here is a breakdown of the information UMH Properties presented to its investors.

UMH Properties, Inc. is a real estate investment trust (REIT) specializing in the ownership and operation of manufactured home communities across multiple states in the United States. The company focuses on leasing manufactured homes and homesites, as well as selling manufactured homes through its subsidiary, UMH Sales and Finance, Inc. UMH Properties operates 141 communities, including joint ventures and opportunity zone investments, with a strategic emphasis on maintaining and increasing occupancy rates.

In its latest earnings report for the first quarter of 2025, UMH Properties reported a total income of $61.2 million, marking an increase from the previous year’s $57.7 million. The company experienced a net income of $4.8 million, a significant improvement from a net loss of $1.6 million in the same period last year. Despite a slight decrease in sales of manufactured homes, rental and related income saw a notable rise, contributing to the overall positive financial performance.

Key financial highlights include a 8.4% increase in rental and related income to $54.6 million and a reduction in interest expenses, which contributed to the improved net income. The company also reported a decrease in the fair value of marketable securities by $1.6 million, impacting the overall financial results. Additionally, UMH Properties continues to expand its portfolio with strategic acquisitions, including two age-restricted communities in New Jersey.

UMH Properties remains focused on its growth strategy, as evidenced by its recent acquisition activities and the expansion of its joint venture with Nuveen Real Estate. The company aims to enhance its portfolio through acquisitions and development projects, including a new manufactured home community expected to open in Pennsylvania. Management’s outlook suggests a continued emphasis on increasing occupancy and optimizing financial performance.

Looking ahead, UMH Properties plans to maintain its REIT status, ensuring tax advantages and continued shareholder value through strategic investments and operational efficiencies. The company is poised to leverage its existing assets and new developments to drive future growth and profitability.