Earnings OutlookUMH reported 3Q25 results with normalized FFO of $0.25, above consensus of $0.24, and covering the 3Q25 dividend of $0.225, which yields 6.2% on the current stock price.
Financial PerformanceThe manufactured housing sector continues to benefit from elevated multiples due to the defensive characteristics of its cash flows and its resilience against broader economic challenges.
Growth StrategyUMH's value-add acquisition strategy has positioned the company with 3,500 vacant sites on which it can place long-term rental units or lease to owners of manufactured homes over the next 3–5 years at profitable margins.