UMH Properties remains a Buy with an $18/share price target, reflecting solid Q2 2026 results and a persistent valuation discount. Q2 saw 8.8% same property NOI growth, 110 bps occupancy improvement, and per-share NFFO up 8.7% year-on-year, supporting management's confidence in full-year guidance. UMH trades at 15.4x 2026 NFFO midpoint, a 13% sector discount, with analyst targets averaging $18.88/share and a 5.8% dividend yield.
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.
UMH Properties, Inc. (UMH) Q1 2026 Earnings Call Transcript
UMH Properties (UMH) came out with quarterly funds from operations (FFO) of $0.23 per share, beating the Zacks Consensus Estimate of $0.21 per share. This compares to FFO of $0.23 per share a year ago.
UMH reports Q1 gains as occupancy rises and rental portfolio expands, boosting revenue visibility and setting up continued growth in 2026.
Boardwalk Real Estate Investment Trust (OTCMKTS:BOWFF - Get Free Report) and UMH Properties (NYSE: UMH - Get Free Report) are both finance companies, but which is the superior stock? We will compare the two businesses based on the strength of their risk, earnings, analyst recommendations, institutional ownership, profitability, dividends and valuation. Analyst Recommendations This is a
UMH Properties is rated a 'Buy' as balance sheet and dividend coverage concerns have eased, while shares trade near 52-week lows. UMH delivered strong FY 2025 results: 9% income growth, 15% Normalized FFO increase, and improved expense ratios, supporting continued NOI growth in 2026. UMH's debt profile is well-laddered, with 99.3% fixed-rate debt, low near-term maturities, and substantial liquidity, reducing refinancing risk.
UMH Properties, Inc. (UMH) Q4 2025 Earnings Call Transcript
UMH Properties remains a compelling ‘Buy' for income and total returns, with a below average valuation and a 5.7% dividend yield. UMH's growth is underpinned by a sizable land bank, robust occupancy gains, and a strategic shift to leasing both homes and lots. Recent results show 12% same property NOI growth, 11% rental income growth, and 4% normalized FFO/share growth year-over-year.
I assign a strong buy rating to UMH Properties, citing its undervaluation and substantial growth runway amid the US affordable housing shortage. UMH's strategic land bank, high occupancy, and Southeast expansion drive organic FFO growth without requiring significant new land acquisition costs. UMH trades at a 16.8x Forward P/FFO, below peers, while offering a 5.64% dividend yield backed by robust cash flows and consistent increases.