UMH Properties, Inc. (UMH)

In September 2025, the Board of Directors raised the stock buyback limit to $100 million, and Todd Clark joined the Board. UMH reported strong financial results for Q2 2025, with total income increasing by 10% to $66.6 million and a 16% increase in Normalized FFO year-over-year. The company converted 188 homes to revenue-generating rental homes in Q2 2025. For Q3 2025, UMH converted 223 new homes into rental properties, achieving a 94.1% occupancy rate and generating approximately $10 million in sales, a 14% increase from the previous year. Rental and related charges increased by 10.1%. UMH declared a quarterly cash dividend of $0.225 per share on its Common Stock, payable December 15, 2025. Insider trading activity included the CEO selling $283,800.00 in stock in October 2025, while a director bought 10,000 shares in September 2025. Over the past three months, the market has revised upward the revenue expectations for UMH Properties for FY2025 by 0.93%, while the stock price has changed by -11.24% during the same period.

Demand for UMH Properties' products and services, particularly affordable housing and manufactured home rentals, is strong and somewhat resilient. The manufactured home sector benefits from high demand due to affordable prices and attractive rental options. UMH has experienced "incredible" levels of demand for affordable housing, with waiting lists for its units. Demand for rental homes has increased substantially, and the company typically rents approximately 1,000 homes per year. Historically, demand for manufactured homes can also increase during recessions. There has also been increased demand for residential units in the Marcellus and Utica Shale regions due to related activity. UMH anticipates continuing to achieve 5% rent increases throughout its portfolio.

UMH Properties, Inc. is a publicly traded equity REIT specializing in the ownership and operation of manufactured home communities. The company leases manufactured homesites and company-owned manufactured homes. Through its subsidiary, UMH Sales and Finance, Inc., it sells and finances manufactured homes for placement in its communities or on privately owned land. UMH operates within the residential REIT sector, focusing on the manufactured housing industry.

UMH Properties, Inc. owns and operates 145 manufactured home communities with approximately 27,000 developed homesites across 12 states: New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina, Georgia, and Florida. The company also holds an ownership interest in and operates two communities in Florida and one in Pennsylvania through a joint venture with Nuveen Real Estate.

UMH Properties has maintained a positive brand reputation, evidenced by industry recognition. The company was honored with the Manufactured Housing Institute's Community Operator of the Year Award in 2024 and received MHI's Retail Sales Center of the Year Award in 2022. In September 2025, UMH Properties announced its fifth consecutive year of participation in HUD's annual Innovative Housing Showcase, highlighting advancements in design, efficiency, and affordability.

UMH Properties, Inc. is a publicly traded REIT with ownership dispersed among institutional investors, company insiders, and the general public. Approximately 81.22% of the company is owned by institutional shareholders, 8.78% by UMH Properties insiders, and 10.00% by retail investors. Major institutional shareholders include Vanguard Group Inc., Blackrock Inc., T. Rowe Price Investment Management Inc., Capital Research Global Investors, and State Street Corp. Eugene W. Landy, the Chairman of the Board, is the largest individual shareholder, owning approximately 2.35% of the company's shares.