UMH Properties Q1 2023 sales up 70% to $7.3M, occupancy rises 238 units

UMH PROPERTIES, INC.

Sales of $7.3M in Q1 2023, up 70% from $4.3M in Q1 2022, a new quarterly record.
Overall occupancy increased by 238 units, with 230 new rental units added.
Rental home occupancy improved to 93.7% at March 31, 2023 from 93.3% at Dec 31, 2022.
Monthly rental charges increased by approximately $550,000 as of April 1, 2023 vs Jan 1, 2023.
Full Q1 2023 results to be released on May 9, 2023; current data is preliminary.

item 7.01 item 2.02 item 9.01

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

UMH PROPERTIES, INC. reported preliminary financial results for first quarter 2023.

Period: first quarter 2023
Result: preliminary results

Exact text from the filing

the financial information set forth above reflects our preliminary estimates with respect to such information, based on information currently available to management, and may vary from our actual financial results as of and for the quarter ended March 31, 2023.

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UMH PROPERTIES, INC. filing history →

Source: SEC EDGAR

accession 0001493152-23-011019

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