UMH Properties reports Q2 ops: 188 rental homes added, sales up 17%, Fannie Mae refi

UMH PROPERTIES, INC.

188 new rental homes converted; total rental homes ~10,600 at 94.4% occupancy.
Same property occupancy up 76 units in Q2, 251 YoY; occupancy rate 88.2%.
Gross home sales $10.3M (+17% YoY); rental charges $55.9M (+8.5% YoY).
Fannie Mae credit facility added 10 communities; $101.4M at 5.855% fixed; appraisal $163.5M.
Issued 1.8M shares at $17.60 avg via ATM, gross proceeds $31.0M.

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