UMH Properties, Inc. (UMH)
UMH Properties, Inc. (UMH) Q3 2025 Earnings Call Transcript
UMH Properties, Inc. ( UMH ) Q3 2025 Earnings Call November 4, 2025 10:00 AM EST Company Participants Craig Koster - Executive VP, General Counsel & Secretary Samuel Landy - President, CEO & Director Anna Chew - Executive VP, CFO, Treasurer & Director Eugene Landy - Founder & Chairman of the Board Brett Taft - Executive VP & COO Conference Call Participants Gaurav Mehta - Alliance Global Partners, Research Division Craig Kucera - Lucid Capital Markets, LLC, Research Division John Massocca Presentation Operator Good morning, and welcome to UMH Properties Third Quarter 2025 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.
UMH Expands Its Footprint in Georgia, Acquires Albany Community
UMH expands in Georgia with a $2.6M Albany community acquisition, boosting scale and profitability amid strong rental growth.
UMH (UMH) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
The headline numbers for UMH (UMH) give insight into how the company performed in the quarter ended June 2025, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
UMH Properties (UMH) Misses Q2 FFO Estimates
UMH Properties (UMH) came out with quarterly funds from operations (FFO) of $0.23 per share, missing the Zacks Consensus Estimate of $0.25 per share. This compares to FFO of $0.23 per share a year ago.
Credit Rating For The Unrated (Part 10): UMH Properties
UMH Properties, a NJ-based REIT, manages 143 manufactured home communities with ~26,700 homesites, 1,000+ self-storage units, and 2,400 acres for development. Occupancy: 89.8%. UMH has moderate leverage with a 4.39% debt interest rate and 232% asset coverage. Q1 2025 yield: 15.8% annually (10.01% adjusted). FFO: $0.24/share quarterly. UMH.PR.D, unrated preferred stock, trades at ~$22 with a 7.17% yield, callable anytime, with a $100M additional offering.
UMH Highlights Solid Q2 Performance, Expands in Maryland Market
UMH posts record Q2 home sales, ramps rental conversions and unlocks $56M in proceeds through strategic refinancing.
UMH Properties Preferred: A Discounted REIT Preferred With Long-Term Potential
UMH Properties Series D preferred shares offer an attractive yield and trade at a discount, presenting a compelling long-term income opportunity. UMH has strong fundamentals, including high occupancy, positive income growth, and manageable leverage ratios. Potential risks include operational reliance on home sales, increased loan exposure, and vulnerability to economic downturns, but these are balanced by the REIT's track record.
UMH Properties: Built-In Growth
UMH Properties offers significant value and growth, with a 5+ year runway of double-digit organic growth and trading at a steep discount to NAV. The manufactured housing sector has shown 27 years of consistent NOI growth, outperforming through various economic downturns due to limited supply. UMH's AFFO/share growth has been muted by equity issuance and deleveraging, but substantial future growth assets are poised to enhance profitability.
UMH Properties, Inc. (UMH) Q1 2025 Earnings Call Transcript
UMH Properties, Inc. (NYSE:UMH ) Q1 2025 Earnings Conference Call May 2, 2025 10:00 AM ET Company Participants Craig Koster - Executive Vice President & General Counsel Samuel Landy - President & Chief Executive Officer Anna Chew - Executive Vice President & Chief Financial Officer Eugene Landy - Founder & Chairman Brett Taft - Executive Vice President & Chief Operating Officer Conference Call Participants Gaurav Mehta - Alliance Global Partners Rob Stevenson - Janney Craig Kucera - Lucid Capital Markets Merrill Ross - Compass Point John Massocca - B. Riley Securities, Inc Operator Good morning, and welcome to UMH Properties First Quarter 2025 Earnings Conference Call.
UMH Properties (UMH) Q1 FFO Meet Estimates
UMH Properties (UMH) came out with quarterly funds from operations (FFO) of $0.23 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.22 per share a year ago.
Zacks Industry Outlook Equity Residential, Camden Property Trust and UMH Properties
Equity Residential, Camden Property Trust and UMH Properties have been highlighted in this Industry Outlook article.
UMH Properties Provides Q1 Operating Update, Sees Occupancy Gains
UMH's occupancy growth, strategic acquisitions and consistent dividend increases highlight its resilience and growth potential.
