04:08 AM EDT, 07/11/2024 (MT Newswires) -- UMH Properties ( UMH ) said it converted 144 new homes from inventory to revenue-generating rental homes in Q2, bringing the total to about 10,100 with an occupancy rate of 95%.

In an update related to Q2 results, the company said late Wednesday that gross home sales revenue rose to $8.8 million from $8.2 million a year ago.

Year to date, overall occupancy increased by 196 units to 87%, the company said while adding that the annualized monthly rent roll came in at $207 million.

It said the Q2 collection rate at 98% "should continue to grow over the next few weeks."

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