UMH Properties reports $0.25 FFO per share in Q2, meeting expectations, while revenue misses by $0.72M.
UMH Properties posted Q2 funds from operations of $0.25 per share, in line with estimates. Total revenue reached $71.64 million, up 7.5% year-over-year but missing expectations by $0.72 million.
The company reiterated its full-year guidance range of $0.98 to $1.04 per diluted share, expressing confidence in hitting the midpoint. Prior-year revenue for the same period was not detailed in the release.
Shares dipped 0.78% following the announcement.