UMH Properties, Inc. released an investor presentation on October 14, 2024, detailing its portfolio statistics as of June 30, 2024, and October 11, 2024. The company reported owning 136 communities with approximately 25,800 developed homesites.
The rental portfolio expanded to approximately 10,100 units, marking an increase of 500 units over the past 12 months, with a rental home occupancy rate of 95.0%. UMH also highlighted its significant growth potential with 3,300 existing vacant lots and over 2,200 vacant acres designated for approximately 8,700 future lots.
Additionally, the company's loan portfolio stood at approximately $83.3 million, an increase of $10.4 million from a year prior. These figures underscore UMH's ongoing expansion and its capacity for future organic growth within the manufactured housing sector.
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