UMH Properties, Inc. Issues Fourth Quarter and Full Year 2025 Operations Update
FREEHOLD, NJ, January 5, 2026 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH), a leading real estate investment trust (REIT) specializing in manufactured home communities, has released its operating results for the fourth quarter and the entirety of 2025. The report indicates notable increases in revenue, occupancy, and acquisitions, affirming UMH's robust market performance.
Impressive Growth in Home Additions and Occupancy Rates
During the fourth quarter, UMH Properties added a total of 170 new rental homes, bringing the annual total to 717 new homes. This includes additions from joint venture communities, contributing to UMH's extensive portfolio of approximately 11,000 rental homes with an occupancy rate of 93.8%.
Furthermore, Same Property occupancy showed a significant increase, with 33 units added in the fourth quarter and a total of 354 units year-over-year, culminating in an occupancy rate of 88.3%.
Revenue Highlights for Q4 and Full Year 2025
UMH reported impressive financial results, with gross home sales revenue reaching $9.2 million in Q4, up from $8.6 million the previous year, marking a 7% increase. For the full year, gross sales revenue totaled approximately $36.3 million, an increase of 8% from $33.5 million in 2024.
Rental and related income also showed growth, with Q4 figures of $57.7 million compared to $53.3 million in 2024, reflecting an 8% rise. Annual rental and related income reached $226.2 million, up from $207.0 million, a 9% increase.
Strategic Acquisitions and Financing Activities
In line with its growth strategy, UMH acquired one manufactured home community in Albany, GA, for a purchase price of $2.6 million. This community includes 130 homesites with a 32% occupancy rate. Throughout 2025, UMH successfully acquired five additional communities at a total cost of $41.8 million, comprising 587 developed homesites, with 78% occupancy.
UMH also completed a substantial bond sale to investors in Israel, amounting to approximately $80.2 million in its 5.85% Series B Bonds due 2030. The funds will be allocated for working capital and general corporate purposes.
During the year, the company refinanced 17 communities, generating proceeds of $193.2 million at a weighted average interest rate of 5.67%. This refinancing played a crucial role in supporting UMH's operational and investment strategies.
Corporate Insights and Future Outlook
Samuel A. Landy, President and CEO of UMH Properties, Inc., commented, “UMH had an exceptional year in 2025. Highlights included a 354-unit increase in Same Property occupancy, driven by the introduction of 717 revenue-generating rental homes and an 8% sales increase.”
He added, “We currently have 140 homes available for immediate occupancy and another 330 homes being prepared. This inventory is vital for driving further growth in 2026.”
UMH plans to report its final Q4 and full year 2025 results on February 25, 2026, with a discussion of the results and market conditions scheduled for February 26, 2026.
About UMH Properties, Inc.
Founded in 1968, UMH Properties, Inc. operates 145 manufactured home communities across the United States, providing approximately 27,000 developed homesites. The company focuses on delivering quality homes, with 11,000 rental homes and over 1,000 self-storage units available for residents.
UMH's operations extend into multiple states, including New Jersey, New York, and Florida, showcasing a diverse and expanding footprint in the manufactured housing market.
Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements are based on current expectations and involve risks and uncertainties. For more detailed information on potential risks, please refer to UMH's Form 10-K and other SEC filings.