Acquisition StrategyUMH seeks out communities with low occupancy so it can acquire them at reasonable prices, then improves the properties, adds rental units, and thereby increases both occupancy and pricing.
Earnings PerformanceUMH 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.
NOI GrowthSame-property NOI growth for 3Q25 was an above-peer 12%, likely one of the reasons management is 'incredibly optimistic' about the earnings outlook.