UMH Properties reports Q1 2025 operational gains; acquired two communities, raises dividend

UMH PROPERTIES, INC.

Converted 115 homes to rental units; rental home portfolio now ~10,400 with 94.7% occupancy.
Same property occupancy up 113 units in Q1 and 227 units year-over-year to 88%.
Gross home sales revenue $6.7M, down 9.5% (up 0.5% excluding $730K one-time liquidation in prior year).
Rental and related charges $54.9M, up 8.3% vs. $50.7M year ago; April 2025 charges up ~9% over April 2024.
Acquired two age-restricted communities in Mantua, NJ for $24.6M (266 homesites, 100% occupied); dividend increased to $0.90/share.

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