UMH Properties, Inc. provided a preliminary operations update for the third quarter of 2025 on October 1, 2025, indicating continued strong execution of its business plan. The company converted 223 new homes from inventory to revenue-generating rental homes during the quarter, maintaining a robust rental home occupancy rate of 94.1%.
The pace of rental home conversions has increased throughout the year, positioning UMH to meet its goal of adding 700 to 800 new rental homes in 2025. Rent collections remain consistent with historical averages, reflecting stable tenant performance.
Sales demonstrated significant growth, increasing by 9% year-over-year excluding the Honey Ridge joint venture, and 12% when including it. UMH is on track to surpass its annual sales record of $33.5 million set last year, supported by a sales pipeline of approximately $3.6 million for the fourth quarter. The company also has approximately 130 homes ready for occupancy and an additional 280 homes currently being installed, ensuring continued occupancy growth.
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