UMH Properties(NYSE) UMH

UMH Properties, Inc. 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.