UMH Properties NYSE: UMH reported higher second-quarter earnings and operating results, driven by rental income growth, increased occupancy and record manufactured-home sales, while maintaining its full-year normalized funds from operations guidance.
UMH Properties (UMH) came out with quarterly funds from operations (FFO) of $0.25 per share, beating the Zacks Consensus Estimate of $0.24 per share. This compares to FFO of $0.23 per share a year ago.
UMH Properties is rated 'Buy' with an $18/share price target, trading at a 10% discount to sector peers. Q1 2026 saw 8% total income growth and stable normalized FFO per share, despite weather-driven headwinds. UMH's organic growth engine includes 3,300 vacant lots and a rental program yielding 10.8% unlevered returns.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Curtis Ellergodt Rothschild Investment LLC | 363 | $5,837.84 | $5,702.73 | -$135.11 | -2.31% |
| ABB Alexander Bjornager Bonde Danske Bank A/S | 100 | $1,591 | $1,592 | $1 | 0.06% |
| ARS Adelbert R. Sanchez Deprince Race & Zollo Inc | 169,431 | $3M | $2.81M | -$198,543.51 | -6.61% |
| BG Bart Gancher Intech Investment Management LLC | 17,478 | $314,391.55 | $278,249.76 | -$36,141.79 | -11.5% |
| GP Gregg Picillo Albert D. Mason Inc | 192,926 | $1.86M | $2.92M | $1.06M | 57.05% |
| Residential REITs Industry | Real Estate Sector | Samuel A. Landy CEO | NYSE Exchange | 903002103 CUSIP |
| US Country | 540 Employees | 17 Aug 2026 Last Dividend | - Last Split | 6 Dec 1993 IPO Date |
UMH Properties, Inc., established in 1968, operates as a public equity Real Estate Investment Trust (REIT). It is engaged in the ownership and operation of manufactured home communities, providing housing options across multiple states in the United States. UMH Properties boasts an extensive portfolio that includes 135 manufactured home communities with about 25,800 developed homesites. These properties span across New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina, and Georgia. Furthermore, the company extends its reach to Florida through a joint venture with Nuveen Real Estate, managing two communities with a total of 363 homesites.
UMH Properties specializes in the ownership and operation of manufactured home communities. These communities offer affordable, quality housing options in well-developed home sites. The homes are designed to meet a variety of consumer needs, located in attractive areas that are often close to metropolitan regions, providing residents with convenient access to local amenities and services. Investing in these communities, UMH provides a unique blend of suburban living with the benefits of a planned neighborhood.
In its strategic expansion, UMH Properties has entered into a joint venture with Nuveen Real Estate to operate two communities in Florida, adding 363 sites to its extensive portfolio. This collaboration represents UMH's commitment to growth and diversification of its housing offerings, tapping into new markets and opportunities to serve more customers. Through this partnership, UMH leverages Nuveen Real Estate's expertise and resources, ensuring the delivery of high-quality living environments and solidifying its footprint in the competitive Florida market.