Umh (UMH) AI Stock Analysis

• Market Cap: $1.28B
• Dividend Yield: 5.66%
• Average Volume (3M): 471.18K
• Price to Earnings (P/E): 214.1
• Beta (1Y): 0.33
• Revenue Growth: 8.91%
• EPS Growth: -39.58%
• Country: US
• Employees: 513
• Sector: Real Estate
• Sector Strength: 53
• Industry: REIT - Residential
• EPS (TTM): -0.01
• Shares Outstanding: 85,016,120
• 10 Day Avg. Volume: 499,883
• 30 Day Avg. Volume: 471,184
• PEG Ratio: 0.45
• Price to Book (P/B): 1.49
• Price to Sales (P/S): 5.17
• P/FCF Ratio: 16.50
• Enterprise Value/Market Cap: 1.53
• Enterprise Value/Revenue: 7.49
• Enterprise Value/Gross Profit: 18.07
• Enterprise Value/Ebitda: 16.01
• 1Y Price Target: $18.63
• Price Target Upside: 23.62% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 4
• EPS Forecast (FY): 0.11
• Revenue Forecast (FY): $283.44M

• Rating: 63 Neutral
• Price Target: $17.00 ▲(12.81% Upside)
• Action: Reiterated Date: 02/27/26
• Date: Action: Reiterated 02/27/26

UMH scores as stable-to-mixed: improving leverage and solid operating cash flow support resilience, and technical momentum is favorable. The main drag is valuation (very high P/E) alongside weaker and less predictable recent earnings trends (TTM revenue down and net margin compression), partially offset by constructive 2026 FFO guidance and strong operating metrics discussed on the earnings call.

Positive Factors

Improved leverage and balance-sheet flexibility

Material deleveraging over recent years meaningfully increases financial flexibility. Lower leverage reduces interest sensitivity, supports continued acquisitions, development and buybacks, and gives management scope to refinance or deploy capital without forcing distress sales.

Strong operating cash flow and cash conversion

Durable cash generation and superior cash conversion versus accounting earnings provide reliable funds for capital programs, rental-home placements, dividends and debt service. This reduces reliance on equity issuance and helps sustain operations despite GAAP earnings volatility.

Large, high-occupancy rental-home platform

A scalable rental-home portfolio at high occupancy delivers recurring, resilient revenue and supports same-property NOI growth. The sizable installed base and active additions improve margin stability and provide a pipeline to monetize rentals or convert to sales over time.

Negative Factors

Volatile revenue and compressed net margins

Sharp TTM revenue decline and sizable net-margin compression weaken earnings quality and predictability. Persistent volatility reduces confidence in recurring FFO, constrains retained cash for reinvestment, and makes dividend and growth planning more uncertain over the medium term.

Dependence on home-sales creates FFO variability

Home sales materially swing FFO and are hard to predict by community and quarter. Reliance on opportunistic home-sale timing makes per-share growth lumpy, forces conservative guidance, and reduces visibility into cash flows needed for sustained capital allocation decisions.

Leverage and interest-cost constraints

Mid-single-digit leverage and modest interest coverage limit financial headroom if operating performance falters or rates rise further. While liquidity is meaningful, debt-service obligations and refinancing risk could constrain acquisitive growth and per-share expansion during adverse cycles.

Umh Business Overview & Revenue Model

Company Description

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 124 manufactured home communities containing approximately 23,400 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland. In addition, the Company owns a portfolio of REIT securities.

How the Company Makes Money

UMH generates revenue primarily through the leasing of residential lots in its manufactured home communities. Residents pay monthly rents for the lots where their homes are situated, which constitutes the bulk of the company’s revenue. Additionally, UMH may earn income from the sale of homes in its communities, as well as from ancillary services such as utility billing and community amenities. The company also seeks to increase its revenue through strategic acquisitions of additional manufactured home communities, which allows for greater economies of scale and diversification of its revenue streams. Furthermore, partnerships with home manufacturers and financing companies can enhance sales opportunities, contributing to overall earnings.

Umh Financial Statement Overview

Summary

Fundamentals are mixed. Cash generation is a relative strength (solid operating cash flow and strong cash conversion vs. net income), and leverage improved materially through 2024. Offsetting this, the income statement shows pressure with a sharp TTM revenue decline and materially compressed net margin, reducing earnings stability.

Income Statement

Revenue and profitability have been volatile. Annual revenue grew steadily from 2020–2024, but TTM (Trailing-Twelve-Months) revenue is down sharply (-24.1%) versus the prior period. Operating profitability remains solid on a margin basis (TTM operating margin ~22% and EBITDA margin ~47%), but net profitability has compressed materially (net margin fell from ~9.0% in 2024 to ~2.8% in TTM). Net income has also been inconsistent (loss in 2022, strong profit in 2021, much lower profit in TTM), which reduces earnings quality and predictability.

Balance Sheet

Leverage improved meaningfully versus earlier years, with debt-to-equity declining from ~1.64 (2022) to ~0.67 (2024), alongside growing equity over time. Returns on equity remain modest and choppy (negative in 2022, low-single-digit positive in 2023–2024, and ~2.9% in TTM). TTM balance sheet data appears incomplete (total debt and total assets shown as 0), so the most reliable leverage view is based on the annual trend through 2024.

Cash Flow

Cash generation is a relative strength: operating cash flow is solid in recent periods (TTM ~$60.6M; 2024 ~$81.6M) after a weak 2022. Cash flow is also running well ahead of net income in TTM (operating cash flow is ~10.7x net income; free cash flow ~1.34x net income), suggesting better cash conversion than accounting earnings. The main drawback is recent softness in free cash flow growth (TTM -7.5%) and the historical swing to negative cash flow in 2022, indicating periodic variability.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	261.75M	240.55M	220.93M	195.78M	186.12M
Gross Profit	10.10M	131.30M	118.49M	102.55M	97.99M
EBITDA	122.51M	108.97M	96.05M	70.24M	115.37M
Net Income	26.50M	21.64M	8.01M	-4.85M	51.09M
Balance Sheet
Total Assets	1.70B	1.56B	1.43B	1.34B	1.27B
Cash, Cash Equivalents and Short-Term Investments	72.10M	131.60M	91.83M	71.96M	229.92M
Total Debt	763.93M	614.72M	690.02M	899.70M	499.32M
Total Liabilities	791.84M	647.82M	720.78M	793.40M	528.68M
Stockholders Equity	905.54M	914.03M	704.72M	548.96M	742.14M
Cash Flow
Free Cash Flow	81.97M	81.60M	120.08M	-7.23M	65.19M
Operating Cash Flow	81.97M	81.60M	120.08M	-7.23M	65.19M
Investing Cash Flow	-209.20M	-139.87M	-165.57M	-124.88M	-94.39M
Financing Cash Flow	99.34M	102.64M	69.06M	47.95M	125.63M

Umh Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 15.07
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UMH, the sentiment is Negative. The current price of 15.07 is below the 20-day moving average (MA) of 15.77, below the 50-day MA of 15.74, and below the 200-day MA of 15.37, indicating a bearish trend. The MACD of -0.07 indicates Positive momentum. The RSI at 34.97 is Neutral, neither overbought nor oversold. The STOCH value of 15.20 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for UMH.

Umh Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	65 Neutral	$2.17B	12.19	3.79%	4.94%	3.15%	1.96%
UMH	63 Neutral	$1.28B	214.06	2.91%	5.66%	8.91%	-39.58%
VRE	62 Neutral	$1.76B	23.46	5.33%	2.17%	3.37%	―
CSR	55 Neutral	$1.10B	61.17	4.30%	4.58%	36.82%	―
BRT	52 Neutral	$282.26M	-28.14	-4.89%	6.98%	1.62%	11.38%
NXRT	47 Neutral	$697.04M	-21.66	-12.63%	7.06%	-4.46%	-206.19%
AIV	45 Neutral	$620.08M	-4.30	171.00%	7.42%	-4.63%	42.39%

Umh Corporate Events

UMH Properties Posts Strong 2025 Growth and Expansion

On February 25, 2026, UMH Properties reported that for the year ended December 31, 2025, total income rose 9% to $261.8 million and net income attributable to common shareholders increased to $6.0 million, while fourth-quarter income grew 8% but produced a small net loss. Funds from operations and normalized FFO both improved year over year, supported by higher rental and related income, stronger community NOI, modest occupancy gains and tighter expense ratios.

The company expanded its footprint in 2025 by acquiring five manufactured housing communities with 587 homesites and grew gross real estate investments to about $1.87 billion, while total assets climbed to $1.70 billion. UMH also executed significant balance sheet actions, adding 17 communities to its Fannie Mae credit facility, issuing roughly $80.2 million of Series B bonds in Israel and extending a $35 million revolving credit line, underscoring an active capital markets strategy to fund continued growth.

The most recent analyst rating on (UMH) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on Umh stock, see the UMH Stock Forecast page.

UMH Announces Tax Treatment of 2025 Distributions

On January 23, 2026, UMH issued a press release detailing the tax treatment of its 2025 distributions to investors. The company also emphasized that the furnished information is not deemed filed for purposes of the Securities Exchange Act of 1934 or the Securities Act of 1933, limiting its legal exposure and clarifying that the material will only be incorporated into future regulatory filings if explicitly referenced, signaling a careful approach to regulatory compliance and disclosure obligations.

The most recent analyst rating on (UMH) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on Umh stock, see the UMH Stock Forecast page.

UMH Properties Announces Quarterly Dividends for Shareholders

On January 21, 2026, UMH Properties, Inc.’s board of directors declared a quarterly cash dividend of $0.225 per share on its common stock, implying an annual dividend rate of $0.90 per share, payable on March 16, 2026 to shareholders of record as of February 17, 2026. On the same date, the board also declared a quarterly dividend of $0.3984375 per share on its 6.375% Series D Cumulative Redeemable Preferred Stock for the period from December 1, 2025 through February 28, 2026, likewise payable on March 16, 2026 to holders of record on February 17, 2026, signaling continued capital returns to both common and preferred shareholders and reinforcing the REIT’s commitment to consistent income distributions.

The most recent analyst rating on (UMH) stock is a Buy with a $18.00 price target. To see the full list of analyst forecasts on Umh stock, see the UMH Stock Forecast page.

UMH issues Regulation FD update on 2025 results

On January 5, 2026, the company provided investors with an update on its operating results for the fourth quarter and full year 2025. The disclosure clarified that the furnished information is not deemed filed for purposes of the Securities Exchange Act of 1934, is not subject to associated liabilities, and will not be incorporated into securities law filings unless expressly referenced, underscoring the company’s intent to limit legal exposure and define the regulatory status of the update for stakeholders.

The most recent analyst rating on (UMH) stock is a Hold with a $16.00 price target. To see the full list of analyst forecasts on Umh stock, see the UMH Stock Forecast page.

UMH Expands Fannie Mae Credit Facility by $91.8M

On November 25, 2025, UMH Properties, Inc. expanded its Fannie Mae credit facility by adding seven manufactured home communities, totaling 1,765 sites, through Wells Fargo Bank, N.A., securing approximately $91.8 million in loan proceeds. This strategic move, with a fixed interest rate of 5.46% over a 9-year term, aims to fund further acquisitions, community expansions, and home purchases, while also addressing short-term high-interest debt, increasing the facility’s total outstanding amount to approximately $398.3 million.

The most recent analyst rating on (UMH) stock is a Buy with a $18.50 price target. To see the full list of analyst forecasts on Umh stock, see the UMH Stock Forecast page.