UMH PROPERTIES, INC. REPORTS RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2020

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Go back to UMH PROPERTIES, INC. REPORTS RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2020

UMH Properties (UMH) Misses Q3 EPS by 23c

November 4, 2020 5:01 PM EST

UMH Properties (NYSE: UMH) reported Q3 EPS of ($0.31), $0.23 worse than the analyst estimate of ($0.08).

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

We are pleased to announce another solid quarter of operating results. During the quarter, we:

Increased Rental and Related Income by 10%;Increased Community Net Operating Income (NOI) by 17%;Improved our Operating Expense ratio by 280 basis points to 44.7%;Increased Same Property NOI by 13%;Increased Same Property Occupancy by 706 sites from 83.7% to 86.9% or 320 basis points;Increased our rental home portfolio by... More