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Stock impact report

UMH PROPERTIES, INC. 2023 YEAR END OPERATIONS UPDATE [Yahoo! Finance]

UMH Properties, Inc. (UMH) 
Last umh properties, inc. earnings: 3/5 04:30 pm Check Earnings Report
US:NYSE Investor Relations: ir.umh.com
Company Research Source: Yahoo! Finance
the ownership and operation of manufactured home communities, is providing investors with an update on our year end 2023 operating results: As of year end, UMH achieved an equity market capitalization of over $1 billion. During the year, UMH rented 1,040 new homes, 130 of which were rented during the fourth quarter. UMH now owns approximately 10,000 rental homes with an occupancy rate of 94.0%. During the year, UMH sold 164 new homes, 41 of which were sold during the fourth quarter. Home sales revenue increased to $31.1 million during the year ended 2023 from $25.3 million during the year ended 2022, resulting in a 22.9% increase in home sales revenue. Overall occupancy increased by 705 units for the year to 86.7%. Same-property occupancy increased by 632 units to 88.5%. Our occupancy gains and rent increases achieved throughout 2023 have increased our January 2024 rental and related charges by approximately 12.0%, resulting in our annualized monthly rent roll generating app Show less Read more
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