UMH Properties, Inc. reported its financial results for the second quarter ended June 30, 2025, with Total Income increasing by 10% year-over-year to $66.6 million, up from $60.3 million in Q2 2024. Net Income Attributable to Common Shareholders rose to $2.5 million, or $0.03 per diluted share, compared to $527,000, or $0.01 per diluted share, in the prior year's quarter.
Normalized Funds from Operations (Normalized FFO) for the quarter was $19.5 million, or $0.23 per diluted share, showing a 16% increase on a dollar basis compared to $16.8 million, or $0.23 per diluted share, in Q2 2024. Rental and related income increased by 9%, and Community Net Operating Income (NOI) grew by 11% for the quarter.
The company achieved a new quarterly sales record, with gross sales of manufactured homes reaching approximately $10.5 million, compared to $8.8 million last year. Overall occupancy increased by 251 units over the last year, and UMH converted 188 new homes to rental units in Q2, bringing the year-to-date total to 305 homes. The acquisition of two Maryland communities, comprising 191 units for $14.6 million, was completed subsequent to quarter-end, contributing to a year-to-date total of four acquired communities with 457 homesites for $39.2 million.
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