UMH Properties (UMH)
NYSE:UMH
Want to see UMH full AI Analyst Report?
Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.03Last Year’s EPS
0.03Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated a constructive operational story: healthy top-line growth (rental income +9%, same-property revenue/NOI up ~7–8%), rising occupancy, expanding rental-home program and a clear expansion pipeline. These positive operational trends are being partially offset in the near term by higher interest expense from recent refinancing and carrying costs on paid but not-yet-occupied expansion inventory, as well as elevated community operating expenses following a harsh winter. Management tightened guidance and emphasized confidence in mid-single-digit FFO growth for the year as occupancy and sales convert, so while near-term EPS/FFO per share were flat due to financing and seasonal pressures, the underlying fundamentals point to improving results later in the year.Company Guidance
Stable Normalized FFO per Share
Normalized FFO was $19.4 million or $0.23 per diluted share for Q1 2026, essentially flat versus $0.23 per share in Q1 2025 (3% increase on a dollar basis to $19.4M).
Rental Revenue Growth
Rental and related income grew 9% year-over-year to $59.5 million for the quarter, driven by acquisitions, increased same-property occupancy, added rental homes, and higher rental rates.
Same-Property Revenue and NOI Expansion
Same-property revenue increased ~7.6% (about $4.1 million) and same-property NOI grew ~7.1% (about $2.3 million); CFO metrics show same-property income up ~8% and community NOI up ~7% from $32.6M to $34.9M.
Occupancy and Rental-Home Program Momentum
Overall occupancy improved by 184 units to approximately 88% (same-property occupancy ticked up ~110 bps to ~89%); the company added and rented 166 new homes in the quarter, bringing rental-home inventory to ~11,200 units with a 94.6% rental-home occupancy rate and ~20% turnover.
Home Sales Performance
Home sales revenue increased 6% year-over-year to $7.1 million (from $6.7M), with April sales running strong (~$3.5M reported for April) and a healthy pipeline heading into peak selling season.
Expansion & Development Runway
Company plans to develop 300+ sites in 2026, has $45 million invested in 600 vacant expansion sites (paid for), and expects to be able to fill 800+ new rental homes this year. At quarter end the company had 80 homes on-site ready, 400 being set up, and 160 on order.
Liquidity and Capital Resources
Quarter-end liquidity included $37.4 million in cash, $260 million available on an unsecured revolver (accordion to $500M), $183 million available on other lines for home sales/inventory, and $26.4 million in unencumbered securities.
Balance Sheet & Capitalization
Total debt ~ $760 million with 99% fixed-rate, weighted average interest rate 4.92%, weighted average mortgage rate 4.75% (up from 4.18% year-ago) and weighted average mortgage maturity ~5.9 years. Net debt to total market capitalization ~31.2% and net debt to adjusted EBITDA ~5.5x.
Tightened Guidance Reflecting Confidence
NFFO guidance range tightened to $0.98–$1.04 per share (midpoint $1.01) from prior $0.97–$1.05, indicating management confidence in achieving improved earnings through the year.
UMH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
UMH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 30, 2026 | $15.32 | $15.51 | +1.23% |
Feb 25, 2026 | $15.95 | $15.51 | -2.78% |
Nov 03, 2025 | $14.05 | $13.92 | -0.89% |
Aug 06, 2025 | $15.55 | $15.59 | +0.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does UMH Properties (UMH) report earnings?
UMH Properties (UMH) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is UMH Properties (UMH) earnings time?
UMH Properties (UMH) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UMH EPS forecast?
UMH EPS forecast for the fiscal quarter 2026 (Q2) is 0.03.