UMH Properties Reports 6% Increase in Total Income and Improved FFO for Q1 2025; Net Loss Significantly Reduced

Reuters
06-03
<a href="https://laohu8.com/S/UMH">UMH Properties</a> Reports 6% Increase in Total Income and Improved FFO for Q1 2025; Net Loss Significantly Reduced

UMH Properties, Inc. reported total income of $61.2 million for the first quarter ended March 31, 2025, reflecting a 6% increase compared to $57.7 million for the same period in 2024. The company recorded a net loss attributable to common shareholders of $271,000 for the quarter, a significant improvement from the net loss of $6.3 million reported in the first quarter of 2024. Funds from Operations (FFO) attributable to common shareholders increased to $18.2 million or $0.22 per diluted share, up from $14.0 million or $0.20 per diluted share in the prior year's quarter, marking a 10% increase per diluted share. The company maintains its full-year 2025 guidance, expecting normalized FFO in the range of $0.96 to $1.04 per diluted share, with a midpoint of $1.00 per diluted share. UMH Properties anticipates continued growth in occupancy, net operating income (NOI), and sales as it enters the strong spring and summer months, aiming to deliver long-term value to its shareholders. Additionally, UMH Properties is pursuing external growth initiatives, with two communities in Maryland under contract for a total purchase price of $14.6 million, expected to close in the second quarter of 2025.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UMH Properties Inc. published the original content used to generate this news brief on June 02, 2025, and is solely responsible for the information contained therein.

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