UMH Properties reports Q1 normalized FFO 22c, consensus 22c
The Fly

UMH Properties reports Q1 normalized FFO 22c, consensus 22c

Samuel Landy, President and CEO, commented on the results of the first quarter of 2024. “We are pleased with the progress that we have made on all fronts. Year over year, normalized FFO per diluted share increased by 10%, from $0.20 in the first quarter of last year to $0.22 this year. These results are in line with our expectations and position the company to continue to grow earnings per diluted share in the coming quarters. Our earnings growth over the past year, combined with strong community operating results, has resulted in a fourth consecutive annual dividend increase. Since 2020, we have raised our dividend by 19%, or $0.14 per share.”

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