UMH Properties reports Q4 home sales revenue of $8.4M vs $7.7M last year

During the fourth quarter, UMH converted 122 new homes from inventory to revenue generating rental homes. For the year, UMH converted 565 new homes from inventory to revenue generating rental homes. UMH now owns approximately 10,300 rental homes with an occupancy rate of 94%. Samuel Landy, President and CEO of UMH Properties (UMH), Inc., stated “We are pleased with the progress that we have made executing on our long-term business plan and generating strong returns for our shareholders, which has allowed us to increase the dividend for four consecutive years. During that period, the dividend has increased by approximately 19%.”