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.
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