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Stock impact report

UMH Properties converts 179 homes to rental homes, sells 100 homes in Q3 [Seeking Alpha]

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: Seeking Alpha
During the quarter, the REIT sold 100 homes, of which 32 were new home sales. Gross home sales revenue was $8.7M in Q3, up ~10% Y/Y. Overall occupancy increased by 39 units during Q3 and by 235 units year-to-date. "UMH's operating results continue to meet our expectations," said President and CEO Samuel A. Landy. "Our communities are experiencing strong demand for sales and rental homes as demonstrated by our increased occupancy rates and our 10% increase in sales of manufactured home." More on UMH Properties UMH Properties: Elevated P/FFO On A Flimsy Foundation (Rating Downgrade) UMH Properties, Inc. (UMH) Q2 2024 Earnings Call Transcript UMH sells 105 homes during second quarter Seeking Alpha's Quant Rating on UMH Properties Historical earnings data for UMH Properties Recommended For You Comments More Trending News Recommended For You More Trending News Show less Read more
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