UMH Properties, Inc. announced its financial results for the first quarter ended March 31, 2025, reporting a Total Income of $61.2 million, a 6% increase from $57.7 million in Q1 2024. The company's Net Loss Attributable to Common Shareholders improved significantly to $271,000, or $0.00 per diluted share, compared to a Net Loss of $6.3 million, or $0.09 per diluted share, in the prior year.
Normalized Funds from Operations (Normalized FFO) for the quarter increased by 5% per diluted share to $0.23, totaling $18.8 million, up from $15.0 million in Q1 2024. Operational performance was strong, with same-property occupancy increasing by 113 sites from year-end 2024 and an 8.4% increase in Net Operating Income (NOI) to $32.5 million.
Rental home occupancy rose to 94.6% from 94.0% at year-end, and 109 new homes were converted to revenue-generating rental units, expanding the rental portfolio to approximately 10,400 homes. Gross home sales revenue reached $6.7 million. UMH reaffirmed its full-year 2025 Normalized FFO guidance in the range of $0.96-$1.04 per diluted share, with a midpoint of $1.00, indicating continued confidence in its growth trajectory.
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