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UMH reported normalized FFO of $22.1 million, or 26 cents per diluted share, for the quarter ended September 30, 2026, up 4%, while record manufactured-home sales rose 29% to $12.8 million.
UMH Properties, Inc. reported third-quarter Total Income of $74.1 million and Normalized FFO of $22.1 million, or $0.26 per diluted share, up 4%. Common shareholders posted a $2.1 million net loss, or $0.02 per diluted share, and 2026 guidance tightened to $0.99 - $1.03.
UMH Properties, Inc. reported nine-month net income of 20,325 for the period ended September 30, 2026, compared with 21,700 in 2025; net income attributable to common shareholders was 4,855 and basic and diluted earnings per share were 0.06.
UMH Properties declared quarterly dividends of $0.225 per common share and $0.3984375 per preferred share, both payable December 15, 2026. Third-quarter home sales income rose 28% to $12.8 million; 202 rental homes were rented and occupancy reached 95%.
Useful current figures from the complete screener profile.
* Q4 derived as the full year minus Q1 to Q3.
TL;DR. UMH delivered stronger operating results, with total income up 11%, same-property NOI up 9.7%, manufactured-home sales up 29%, rental income up 8%, and Normalized FFO up 4%, while tightening 2026 guidance and entering the fourth quarter with more than $7 million of pending home sales. The company expects the Road to Housing Act to support sales and lot values, but reported a $2.1 million common-shareholder loss, compressed home-sales margin, higher operating costs, weaker credit metrics, slightly higher expected leverage, and higher refinancing rates.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Still-open targets the latest release did not restate under the same label.
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Illustrative technical + ownership context — a signal mix, not investment advice.
| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA excluding Non-Recurring Other Expense non-GAAP | $68.14M | Six Months Ended June 30, 2026 | — |
| Average sales price of manufactured homes | $104,000 | the three months ended June 30, 2026 filing | — |
| Community NOI | $70.21M | Six Months Ended June 30, 2026 | — |
| Developed homesites | 27,100 | Q2 2026 | — |
| Expense Ratio | 41.8% | Six Months Ended June 30, 2026 | — |
| FFO Attributable to Common Shareholders non-GAAP | $37.8M | Six Months Ended June 30, 2026 | — |
| FFO per Share- Basic and Diluted non-GAAP | $0.44 | Six Months Ended June 30, 2026 | — |
| Gain from sales operations | $1.3M | the three months ended June 30, 2026 filing | — |
| Gross profit percentage from home sales | 36% | the three months ended June 30, 2026 filing | — |
| Manufactured home communities owned and operated | 145 | Q2 2026 | — |
| Monthly Rent Per Home Rental | $1,069 | Total UMH as of June 30, 2026 | — |
| Monthly Rent Per Home Rental Including Site | $1,069 | As of June 30, 2026 | — |
| Monthly Rent Per Site | $586 | As of June 30, 2026 | — |
| Normalized FFO Attributable to Common Shareholders non-GAAP | $40.87M | Six Months Ended June 30, 2026 | — |
| Normalized FFO per Share- Basic and Diluted non-GAAP | $0.48 | Six Months Ended June 30, 2026 | — |
| Number of Communities | 145 | Six Months Ended June 30, 2026 | — |
| Number of Homes Sold | 174 | Six Months Ended June 30, 2026 | — |
| Number of manufactured homes sold | 101 | the three months ended June 30, 2026 filing | — |
| Number of Properties | 139 | June 30, 2026 | — |
| Number of Rentals Added, net | 180 | Six Months Ended June 30, 2026 | — |
| Occupancy % | 89% | As of June 30, 2026 | — |
| Occupied Rentals | 10,562 | As of June 30, 2026 | — |
| Occupied Sites | 23,703 | As of June 30, 2026 | — |
| Operating expense ratio | 41.3% | the three months ended June 30, 2026 filing | — |
| Rental homes | 11,200 | Q2 2026 | — |
| Rental Occupancy % | 95.3% | As of June 30, 2026 | — |
| Sales of manufactured homes (including Honey Ridge) | $11.5M | Q2 2026 | — |
| Same Property Community NOI non-GAAP | $72.49M | Six Months Ended June 30, 2026 | — |
| Same Property expense ratio | 38.1% | Q2 2026 | — |
| Same property income growth | 8.1% | Q2 2026 | — |
| Same property NOI growth | 8.8% | Q2 2026 | — |
| Same Property Occupancy | 89.4% | Q2 2026 | — |
| Same Property Occupancy unit change | 437 | Q2 2026 | — |
| Total Rentals | 11,084 | As of June 30, 2026 | — |
| Total Sites | 26,633 | As of June 30, 2026 | — |
| UMH Communities | 142 | As of June 30, 2026 | — |
| Vacant land (acres) | 2,400 | Q2 2026 | — |
| Vacant sites | 3,200 | Q2 2026 | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
UMH
this stock
Umh Properties, Inc.
|
$1.25B | -8.5% | +8.8% | — | 5.0% |
|
VMRK
Vivmark Residential
|
$49.76B | +1.9% | +4.8% | 802.8 | 2.5% |
|
ESS
Essex Property Trust, Inc.
|
$17.57B | +4.4% | +6.4% | 50.8 | 3.5% |
|
INVH
Invitation Homes Inc.
|
$15.47B | -3.4% | +4.2% | 23.6 | 3.4% |
|
SUI
Sun Communities Inc
|
$14.44B | -4.3% | +2.0% | — | 5.9% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
UMH Properties, Inc. reported third-quarter Total Income of $74.1 million and Normalized FFO of $22.1 million, or $0.26 per diluted share, up 4%. Common shareholders posted a $2.1 million net loss, or $0.02 per diluted share, and 2026 guidance tightened to $0.99 - $1.03.
View| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| UMH | -2.5% | -4.5% | -6.0% | -4.0% | -8.6% |
| SPY | +2.6% | -1.2% | +0.5% | -0.2% | +10.6% |
| vs SPY | -5.1% | -3.4% | -6.5% | -3.8% | -19.2% |
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.
