UMH Properties, Inc. Reports Results For The Second Quarter Ended June 30, 2018

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Go back to UMH Properties, Inc. Reports Results For The Second Quarter Ended June 30, 2018

UMH Properties (UMH) Tops Q2 EPS by 43c

August 7, 2018 4:40 PM EDT

UMH Properties (NYSE: UMH) reported Q2 EPS of $0.40, $0.43 better than the analyst estimate of ($0.03).

Mr. Landy further stated, "Our business plan of acquiring value-add communities and turning them around has resulted in exceptional same property performance. Same property revenue increased by 6.8% driven by a 100-basis point increase in the occupancy rate and a 3.5% increase in our weighted average monthly site rent over the prior year... More