UMH Properties, Inc. Reports Results For The Year Ended And The Fourth Quarter Ended December 31, 2018

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Go back to UMH Properties, Inc. Reports Results For The Year Ended And The Fourth Quarter Ended December 31, 2018

UMH Properties (UMH) Reports Q4 Loss of $0.87, Revenues Beat

March 7, 2019 4:34 PM EST

UMH Properties (NYSE: UMH) reported Q4 EPS of ($0.87), versus ($0.03) reported last year. Revenue for the quarter came in at $34.25 million versus the consensus estimate of $33.7 million.

Generated a 12% increase in Normalized FFO per share;Increased Rental and Related Income by 12%;Increased Community Net Operating Income ("NOI") by 13%;Improved our Operating Expense ratio by 50 basis points to 46.5%;Increased Same Property NOI by 7%;Increased Same Property Occupancy by 40 basis points from 82.6% to 83.0%;Increased home sales by 45%;Acquired 6 communities containing approximately 1,600 homesites for a total cost of $59.1 million, bringing our total... More