UMH Properties Inc. has released an investor presentation detailing recent developments in its manufactured home community portfolio. The company reported ownership and operation of 145 communities across various states, comprising approximately 27,000 developed homesites. Over the past 12 months, UMH expanded its rental portfolio by 500 homes, bringing the total to around 10,800 rental units, with plans for an additional 700-800 homes in the coming year. The company also noted 3,500 existing vacant lots available for fill and over 2,300 vacant acres for the development of about 9,200 future lots. The presentation highlighted an $99.6 million loan portfolio, up $14 million from the previous year, and the sale of 366 homes through its wholly-owned subsidiary. Operational metrics included an 11% increase in community net operating income, a 15% rise in normalized funds from operations, and a 12% increase in same property community NOI. Same property occupancy improved by 110 basis points to 88.5%, while the same property expense ratio decreased to 39.7%. UMH also acquired two communities in Maryland with approximately 191 homesites for $14.6 million and issued $80.2 million in Series B Bonds. You can access the full presentation through the link below.