UMH Properties (UMH) Publishes Q2 2025 Performance Report

UMH Properties, Inc. (NYSE:UMH) is one of the best residential REITs to buy. In the beginning of July, UMH revealed operating results for the second quarter of 2025. The REIT made progress in both operations and finances, turning 188 homes from its inventory into rental units that now generate income. This brought the total number of rental homes to around 10,600, with a high occupancy rate of 94.4% in Q2. In addition, UMH’s same-property occupancy rose by 76 units during the second quarter and by 251 units over the past year, reaching 88.2%.

UMH Properties, Inc. (NYSE:UMH) also saw a boost in home sales, with gross sales revenue increasing to $10.3 million, up from $8.8 million last year. Given the higher occupancy and rent increases throughout 2024 and into 2025, same-property rental and related charges for July 2025 rose by 9.2% compared to July 2024. Overall rental and related charges for the second quarter came in at $55.9 million, up 8.5% from $51.5 million the year before.

UMH also refinanced ten of its communities, which have about 2,000 sites, under a Fannie Mae credit facility. This refinancing provided $101.4 million at a fixed interest rate of 5.855%. The certified appraisal valued these properties at $163.5 million or about $82,000 per site. Since UMH invested $66.6 million in these communities, their value has gone up by about $96.9 million, or 146%, which shows the properties have appreciated a lot.

The company also sold around 1.8 million shares of common stock through its At-the-Market program. These shares sold at an average price of $17.60, raising about $31.0 million in total.

President and CEO of UMH Properties, Samuel A. Landy, commented:

“Our communities continue to experience strong demand which we are converting into occupied sites through our rental home and sales programs. We are proud to announce that our second quarter sales set a new quarterly sales record.”

UMH Properties, Inc. (NYSE:UMH) is a real estate investment trust that was founded in 1968. It owns and operates manufactured home communities across 12 states, with around 26,000+ homesites, including rental homes and self-storage units.

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