Earnings Releases·Nov 2, 2026, 4:45 PM ET

UMH Properties, Inc. — Third Quarter 2026 Earnings Summary

Total income rose 11% year-over-year to $74.1 million, while Net Loss widened to $2.1 million ($0.02/share) compared to $4.2 million Net Income in the prior year; Normalized FFO increased 4% to $0.26 per share.
Guidance was tightened for 2026 Normalized FFO per share to a range of $0.99–$1.03 (midpoint $1.01), with full-year Net Income guidance set at $0.05–$0.09 and FFO at $0.92–$0.96.
Revenue growth was driven by a 29% increase in manufactured home sales and an 8% rise in rental income, alongside a 10% increase in Community NOI and improved same-property occupancy to 88.8%.
The company raised $5.2 million in net proceeds from issuing 245,000 shares of Series D Preferred Stock and reported a 30 basis point improvement in same-property expense ratio to 38.9%.
Management cites the "Road to Housing Act" as a key tailwind and points to an organic pipeline of 3,100 vacant lots and 2,400 acres of land to support future development.