UMH PROPERTIES, INC. REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2020

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Go back to UMH PROPERTIES, INC. REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2020

UMH Properties (UMH) Reports Q1 Loss of $1.04

May 7, 2020 5:20 PM EDT

UMH Properties (NYSE: UMH) reported Q1 EPS of ($1.04), versus $0.15 reported last year.

Samuel A. Landy, President and CEO, commented on the results of the first quarter of 2020.

We are pleased to announce another solid quarter of operating results and an excellent start to 2020. During the quarter, we:

Increased Rental and Related Income by 12%;Increased Community Net Operating Income (NOI) by 22%;Improved our Operating Expense ratio by 430 basis points to 45.1%;Increased Same Property NOI by 14%;Increased Same Property Occupancy by 180 basis points from 82.8% to 84.6%;Increased our rental home... More