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-0.019031141868512 -0.019031141868512 -0.019031141868512 -0.019031141868512 0.00346020761245688 -0.00634371395617067 -0.00374855824682801 -0.00605536332179933
Stock impact report

UMH Highlights Solid Q2 Performance, Expands in Maryland Market [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
healthy performance, driven by rental home conversions, rising occupancy and higher rental income. The REIT converted 188 new homes from inventory to revenue-generating rental units during the quarter, bringing its total to 10,600 rental homes with a strong 94.4% occupancy rate. Same-property occupancy increased to 88.2%, marking a year-over-year gain of 251 units. So far in the year, UMH has transitioned 305 homes from inventory into revenue-generating rental units. CEO Samuel A. Landy reaffirmed confidence in reaching the company's full-year goal of 800 new rental homes, with more than 500 new homes already in the setup pipeline. UMH also achieved $10.3 million in gross home sales revenues for the quarter, up 17% from last year, setting a new quarterly sales record. These metrics highlight the success of UMH's rental home program in tapping into sustained demand for affordable housing. A major highlight of the quarter was the refinancing of ten communities through UMH's Fann Show less Read more
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