UMH Properties(NYSE) UMH

UMH Properties, Inc. NYSE:UMH manages neighborhoods for manufactured homes. They rent out land and lease houses they own. This helps families find quality housing at lower costs.

Homes and Homesites

• Community Leasing: Renting out homesites and providing services to residents; includes 145 communities across 12 states.
• Rental Homes: Leasing company-owned houses to residents; portfolio includes 11,200 rental homes as of June 30, 2026.
• Home Sales: Selling new and pre-owned manufactured homes through a subsidiary to increase community occupancy levels.
• Financing and Services: Offering home loans through a partner program and providing self-storage units to residents.

Building More Communities

• Formed a qualified opportunity zone fund in 2022 to develop housing in economically distressed areas.
• Partnered with Nuveen Real Estate to acquire and develop new manufactured home communities.
• Built 1,056 expansion sites across 16 communities since 2018 to drive future occupancy.
• Expanded an unsecured credit facility in May 2026 to $260 million for future investments.

How UMH Stands Out

UMH operates in the energy-rich Marcellus and Utica Shale regions to stay near active industrial job centers. The company uses a vertically integrated model, selling homes to fill vacant sites to generate long-term rental income.

Key Financial Performance

• Rental and related income reached $120.6 million for the six-month period ended June 30, 2026, up 9% year over year.
• Net Income was $7.0 million for the six-month period ended June 30, 2026.
• Community Net Operating Income, a non-GAAP measure, reached $70.0 million for the six-month period ended June 30, 2026, up 8% year over year.
• Same property occupancy reached 89.4% as of June 30, 2026, up 110 basis points year over year.
• Total assets reached $1.7 billion as of June 30, 2026.

Affordable Housing Evolution

UMH has evolved from a land-lease business into a diversified housing provider that builds, sells, and rents homes. This strategy helps the company address high demand for affordable housing while growing its property portfolio.