UMH Properties Q2 Normalized FFO $0.23/share, revenue +10% to $66.6M, dividend raised 4.7%

UMH PROPERTIES, INC.

2025-Q2 EPS reported $0.03 revenue$127,868,000

Total income $66.6M (+10% YoY); net income $2.5M ($0.03 diluted EPS) vs $527K in prior year.
Normalized FFO $19.5M ($0.23/diluted share) flat on per-share basis but +16% on dollar basis.
Same property community NOI +10%; occupancy up 80 bps to 88.2%.
Dividend increased to $0.225/quarter ($0.90 annual), a 4.7% increase; fifth consecutive annual hike.
Post-quarter: acquired two Maryland communities for $14.6M; issued $80.2M of 5.85% Series B bonds due 2030.

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