UMH Properties, Inc. (UMH)
TASE 
Summary
UMH Chart
UMH Properties: The Numbers Improved, The Discount Didn't
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 Q2 Earnings Call Highlights
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) Tops Q2 FFO Estimates
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.
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UMH Properties, Inc. Profile
| Residential REITs Industry | Real Estate Sector | Samuel A. Landy CEO | TASE Exchange | 903002103 CUSIP |
| US Country | 540 Employees | 16 Nov 2026 Last Dividend | - Last Split | 6 Dec 1993 IPO Date |
Overview
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.
Products and Services
- Manufactured Home Communities
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.
- Joint Venture with Nuveen Real Estate
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.
Contact Information
