UMH FY 2025 normalized FFO rises 15% to USD 80.1 million

Reuters02-26
UMH FY 2025 normalized FFO rises 15% to USD 80.1 million

UMH reported FY 2025 net income attributable to common shareholders of USD 6.0 million and Funds from Operations (FFO) attributable to common shareholders of USD 76.0 million, with Normalized FFO attributable to common shareholders of USD 80.1 million (up 15%). Normalized FFO per diluted share was USD 0.95 (up 2%). Community net operating income (NOI) rose 9% to USD 130.7 million, as rental and related income increased 10% to USD 226.7 million; community operating expenses also increased 10% to USD 96.0 million. UMH ended FY 2025 with overall occupancy of 88.1% and same property occupancy of 88.3% (up 80 basis points). The rental home portfolio increased by 571 homes net of sales, with rental home occupancy at 93.8% as of December 31, 2025. Manufactured home sales increased 4% to USD 35.0 million. In corporate updates, UMH acquired five communities totaling 587 homesites for USD 41.8 million. The company added 10 communities to its Fannie Mae credit facility in May 2025 for proceeds of USD 101.4 million (fixed rate 5.855%, 10-year term) and added another seven communities in November 2025 for proceeds of USD 91.8 million (fixed rate 5.46%, 9-year term). UMH also issued USD 80.2 million of 5.85% Series B Bonds due 2030 and raised its quarterly common dividend by USD 0.01 to USD 0.225 per share (USD 0.90 annualized). As of December 31, 2025, UMH had USD 72.1 million in cash and cash equivalents and marketable securities of USD 23.8 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UMH Properties Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-008042), on February 25, 2026, and is solely responsible for the information contained therein.

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