UMH Properties Q3 update: 223 home conversions, $14.6M acquisition, $80.2M bond issuance

UMH PROPERTIES, INC.

Converted 223 new homes to rental in Q3 (528 YTD); rental home occupancy 94.1%.
Same property occupancy gained 132 units in Q3 to 88.5%; total occupancy up 357 YoY.
Gross home sales revenue $9.2M, +5% YoY; with JV sales $10M, +14% YoY.
Acquired two MD communities for $14.6M; 191 developed sites, 79% occupied.
Issued $80.2M of 5.85% Series B Bonds due 2030; ATM sold 290k shares at $16.44 avg.

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