UMH reports operational update: share price up 24%, 565 rental home conversions in 2024

UMH PROPERTIES, INC.

Share price rose from $15.25 to $18.88, total shareholder return ~30% with dividends.
Q4 gross home sales revenue $8.4M (+9% YoY); full year $32.6M (+4%).
Year-to-date overall occupancy up 280 units to 88%; rental home occupancy 94%.
Annualized monthly rent roll now ~$210M after 9% increase in January 2025.
ATM program raised $58.5M in Q4 (3.1M shares at $19.04 avg); full year $224.5M.

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