Quarterly UpdatesJul 2, 2026, 06:47 AM
UMH Properties Q2 Update: Revenue +10.3%, Occupancy Up, Credit Line Extended
AI Summary
UMH Properties, Inc. provided a positive update on its preliminary second quarter 2026 operating results, reporting a 10.3% increase in total rental and related income and a 9.2% rise in home sales income to $11.4 million. The company also saw significant occupancy growth, renting 193 new homes and increasing net rental home occupancy by 139 units. Furthermore, UMH strengthened its balance sheet by issuing $7.6 million in preferred stock and amending its revolving credit line to $260 million with a $340 million accordion feature, reducing interest costs.
Key Highlights
- Total rental and related income increased by 10.3%.
- Home sales income rose 9.2% to $11.4 million.
- Net rental home occupancy increased by 139 units.
- Issued $7.6 million in Series D Preferred stock.
- Amended credit line to $260 million, with $340 million accordion.
- Credit line interest reduced by 35-40 basis points.
- Community occupancy reached 89.0%.
Price Impact
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