Umh Properties (UMH)
NYSE:UMH
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Umh (UMH) AI Stock Analysis

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UMH

Umh

(NYSE:UMH)

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Neutral 70 (OpenAI - 4o)
Rating:70Neutral
Price Target:
$16.00
▲(5.89% Upside)
UMH's overall stock score reflects strong financial performance and positive earnings call results, which are offset by technical indicators suggesting bearish trends and a high P/E ratio indicating overvaluation. The attractive dividend yield provides some balance to the valuation concerns.
Positive Factors
Revenue Growth
Consistent revenue growth indicates strong demand for UMH's offerings and effective business strategies, supporting long-term financial stability.
Expansion and Acquisition Strategy
Strategic acquisitions and expansion plans enhance UMH's market position and revenue potential, contributing to sustainable growth.
Strong Balance Sheet
A strong balance sheet with fixed-rate debt ensures financial stability and reduces vulnerability to interest rate fluctuations.
Negative Factors
Community Operating Expenses
Rising operating expenses can pressure margins and profitability, potentially impacting long-term financial performance if not managed.
Rental Home Occupancy Slight Decline
A decline in rental occupancy, even slight, can signal challenges in maintaining tenant demand, affecting revenue consistency.
Onetime Legal and Professional Fees
Significant onetime fees can impact short-term profitability and highlight potential risks in operational management or legal challenges.

Umh (UMH) vs. SPDR S&P 500 ETF (SPY)

Umh Business Overview & Revenue Model

Company DescriptionUMH Properties, Inc. is a real estate investment trust (REIT) that focuses on the ownership, operation, and development of manufactured home communities across the United States. The company operates in the residential sector, primarily renting land to homeowners of manufactured homes. UMH also engages in the sale of manufactured homes and provides related services, contributing to its diverse portfolio of residential properties.
How the Company Makes MoneyUMH generates revenue primarily through the leasing of land in its manufactured home communities. The company collects monthly lot rents from residents, which constitutes the bulk of its income. Additionally, UMH earns revenue from the sale of manufactured homes, which are often sold to residents of its communities. The company sometimes offers financing options for home purchases, further supplementing its income. Key revenue streams include rental income from land leases, home sales, and associated service fees. Significant partnerships with home manufacturers enable UMH to offer a variety of home models, enhancing its appeal to potential residents and contributing to its overall profitability.

Umh Earnings Call Summary

Earnings Call Date:Nov 03, 2025
(Q3-2025)
|
% Change Since: |
Next Earnings Date:Mar 04, 2026
Earnings Call Sentiment Positive
The earnings call presented a strong performance with significant growth in normalized FFO, revenue, and acquisitions, supported by a solid balance sheet. However, increased operating expenses and slight rental occupancy decline were noted. The substantial growth and positive outlook outweigh the negatives.
Q3-2025 Updates
Positive Updates
Normalized FFO Growth
Normalized FFO per diluted share increased by 4% year-over-year to $0.25, and sequentially by 9% from the second quarter.
Revenue Increase
Total revenue increased from $60.7 million to $66.9 million, representing a 10% increase compared to the same quarter last year.
Expansion and Acquisition Strategy
UMH acquired 2 Maryland communities and 1 Georgia community, and plans to add 700 to 800 new rental homes by the end of 2025.
Strong Balance Sheet
Net debt to total market capitalization at 28.3% with 99% of total debt at a fixed rate and a weighted average interest rate of 4.83%.
Increase in Same-Property NOI
Same-property NOI increased by 12% or $3.7 million for the quarter.
Sales Growth
Sales of manufactured homes increased by 5% for the quarter, with total sales up 14% including joint venture sales.
Negative Updates
Community Operating Expenses
Community operating expenses increased by 11% due to acquisitions and increased payroll costs, real estate taxes, and other expenses.
Rental Home Occupancy Slight Decline
Rental home occupancy slightly declined to 94.1% from 94.4% last year.
Onetime Legal and Professional Fees
Onetime legal and professional fees of $660,000 impacted community operating expenses.
Company Guidance
During UMH Properties' third quarter 2025 earnings call, the company reported a normalized FFO of $0.25 per diluted share, marking a 4% increase from the previous year and a 9% sequential rise from the second quarter. The company's total revenue for the quarter reached $66.9 million, a 10% increase from last year, contributing to a year-to-date total income of $194.8 million. The portfolio, comprising 145 communities with approximately 27,000 developed homesites, saw a same-property NOI increase of 12% and an occupancy rate of 87.2%. UMH's rental home occupancy stood at 94.1%, with 227 new homes converted from inventory to revenue-generating rental homes during the quarter. The company highlighted its investment of $33.6 million in joint ventures with Nuveen, owning three communities with 471 sites, and reported an 11% increase in rental and related income. Additionally, UMH issued $80 million in 5.85% Series B Israeli bonds and maintained a strong balance sheet with a total market capitalization of approximately $2.3 billion. The company anticipates adding 700 to 800 new rental homes by the end of 2025 and projects surpassing $250 million in total income for the year.

Umh Financial Statement Overview

Summary
UMH demonstrates solid financial performance with consistent revenue growth and strong cash flow generation. The company has improved its leverage position and profitability metrics over time. While operational margins have seen slight pressure, the overall financial health remains robust, supported by effective cash management and improved equity returns.
Income Statement
75
Positive
UMH has shown consistent revenue growth over the years, with a TTM revenue growth rate of 2.59%. The company maintains a healthy gross profit margin of 54.84% and a net profit margin of 12.18% in the TTM period, indicating strong profitability. However, the EBIT margin has slightly decreased compared to previous years, suggesting potential operational cost pressures.
Balance Sheet
70
Positive
The balance sheet reflects a stable financial position with a debt-to-equity ratio of 0.71 in the TTM period, showing improved leverage management compared to past years. The return on equity has increased to 3.38%, indicating better utilization of equity. However, the equity ratio remains moderate, suggesting room for improvement in asset financing.
Cash Flow
80
Positive
UMH's cash flow position is strong, with a free cash flow growth rate of 7.78% in the TTM period. The operating cash flow to net income ratio is robust at 9.52, indicating efficient cash generation relative to net income. The consistent free cash flow to net income ratio of 1.0 highlights effective cash management.
BreakdownTTMDec 2024Dec 2023Dec 2022Dec 2021Dec 2020
Income Statement
Total Revenue189.74M240.55M220.93M195.78M186.12M163.61M
Gross Profit104.61M131.30M118.49M102.55M97.99M86.02M
EBITDA100.56M108.97M96.05M70.24M115.37M65.05M
Net Income21.75M21.64M8.01M-4.85M51.09M5.05M
Balance Sheet
Total Assets0.001.56B1.43B1.34B1.27B1.09B
Cash, Cash Equivalents and Short-Term Investments0.00131.60M91.83M71.96M229.92M118.51M
Total Debt0.00614.72M690.02M899.70M499.32M558.49M
Total Liabilities703.12M647.82M720.78M793.40M528.68M587.61M
Stockholders Equity924.69M914.03M704.72M548.96M742.14M501.81M
Cash Flow
Free Cash Flow44.95M81.60M120.08M-89.09M65.16M66.38M
Operating Cash Flow87.91M81.60M120.08M-7.98M65.16M69.04M
Investing Cash Flow-207.59M-139.87M-165.57M-124.12M-94.36M-103.77M
Financing Cash Flow87.35M102.64M69.06M47.95M125.63M44.33M

Umh Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price15.11
Price Trends
50DMA
14.73
Positive
100DMA
15.48
Negative
200DMA
16.31
Negative
Market Momentum
MACD
0.14
Negative
RSI
58.06
Neutral
STOCH
81.17
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For UMH, the sentiment is Neutral. The current price of 15.11 is above the 20-day moving average (MA) of 14.76, above the 50-day MA of 14.73, and below the 200-day MA of 16.31, indicating a neutral trend. The MACD of 0.14 indicates Negative momentum. The RSI at 58.06 is Neutral, neither overbought nor oversold. The STOCH value of 81.17 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for UMH.

Umh Risk Analysis

Umh disclosed 63 risk factors in its most recent earnings report. Umh reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Umh Peers Comparison

Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
70
Neutral
$1.29B198.293.02%5.89%8.91%-39.58%
65
Neutral
$2.17B12.193.79%4.94%3.15%1.96%
65
Neutral
$1.18B50.514.30%4.58%36.82%
59
Neutral
$1.37B22.655.33%2.14%3.37%
51
Neutral
$755.78M-10.93171.00%7.59%-4.63%42.39%
51
Neutral
$803.75M-12.63%6.68%-4.46%-206.19%
48
Neutral
$277.51M-4.89%6.85%1.62%11.38%
* Real Estate Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
UMH
Umh
15.11
-3.28
-17.84%
AIV
Apartment Investment & Management
5.66
-0.23
-3.90%
VRE
Veris Residential
15.13
-2.68
-15.05%
CSR
Centerspace
66.87
-2.12
-3.07%
BRT
BRT Apartments
14.59
-3.71
-20.27%
NXRT
NexPoint Residential
31.56
-11.42
-26.57%

Umh Corporate Events

Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
UMH Properties Reports Q3 2025 Financial Results
Neutral
Nov 3, 2025

UMH Properties, Inc. reported a 10% increase in total income for the third quarter of 2025, reaching $66.9 million compared to the same period in 2024. Despite this growth, net income attributable to common shareholders decreased to $4.2 million from $8.2 million in the previous year. The company saw a 15% rise in normalized funds from operations, reflecting strong operational performance. Key achievements during the quarter included acquiring new communities, issuing bonds, and amending credit facilities, which underscore UMH’s strategic growth and financial stability.

The most recent analyst rating on (UMH) stock is a Hold with a $15.50 price target. To see the full list of analyst forecasts on Umh stock, see the UMH Stock Forecast page.

Business Operations and StrategyM&A Transactions
Umh Completes Acquisition of Albany Home Community
Positive
Oct 8, 2025

On October 7, 2025, Umh announced the completion of its acquisition of a manufactured home community in Albany, Georgia, for $2.6 million. This strategic acquisition is expected to enhance Umh’s portfolio and strengthen its position in the real estate market, potentially offering new opportunities for growth and value creation for stakeholders.

The most recent analyst rating on (UMH) stock is a Hold with a $15.50 price target. To see the full list of analyst forecasts on Umh stock, see the UMH Stock Forecast page.

Business Operations and StrategyFinancial DisclosuresPrivate Placements and Financing
UMH Properties Reports Strong Q3 2025 Results
Positive
Oct 2, 2025

On October 1, 2025, UMH Properties, Inc. announced its third-quarter 2025 operating results, highlighting significant growth in sales and occupancy. The company converted 223 new homes to rental units, increasing its rental home occupancy rate to 94.1%. It reported a 14% increase in gross home sales revenue compared to the previous year, partly due to the success of its joint venture at Honey Ridge. UMH also acquired two new communities in Maryland and completed a bond sale in Israel, raising $80.2 million for corporate purposes. The company anticipates continued growth in sales and occupancy, with a strong pipeline for the fourth quarter.

The most recent analyst rating on (UMH) stock is a Hold with a $15.00 price target. To see the full list of analyst forecasts on Umh stock, see the UMH Stock Forecast page.

Dividends
UMH Properties Announces Quarterly Dividend Declaration
Positive
Oct 2, 2025

On October 1, 2025, UMH Properties, Inc. announced the declaration of quarterly dividends on both its common and preferred stock. The Board of Directors declared a dividend of $0.225 per share on common stock and $0.3984375 per share on Series D preferred stock, both payable on December 15, 2025, to shareholders of record as of November 17, 2025. This announcement reflects UMH’s ongoing commitment to providing shareholder value through regular dividend distributions.

The most recent analyst rating on (UMH) stock is a Buy with a $23.50 price target. To see the full list of analyst forecasts on Umh stock, see the UMH Stock Forecast page.

Business Operations and StrategyStock Buyback
Umh Expands Stock Repurchase Program to $100 Million
Positive
Sep 22, 2025

On September 22, 2025, Umh announced that its Board of Directors authorized an increase in the company’s common stock repurchase program capacity to $100 million, up from the previous limit of $25 million. This move signifies a strategic effort to enhance shareholder value and reflects confidence in the company’s financial health and future prospects.

The most recent analyst rating on (UMH) stock is a Buy with a $23.50 price target. To see the full list of analyst forecasts on Umh stock, see the UMH Stock Forecast page.

Executive/Board Changes
UMH Properties Appoints Todd J. Clark as Director
Positive
Sep 18, 2025

On September 17, 2025, UMH Properties, Inc. appointed Todd J. Clark as a Class I Director, with his term expiring in 2028. Mr. Clark, the Dean of Widener University Delaware Law School, brings extensive legal and academic experience to the board, which is expected to support UMH’s ongoing growth. His appointment is seen as a strategic move to enhance the company’s governance and management capabilities.

The most recent analyst rating on (UMH) stock is a Buy with a $23.50 price target. To see the full list of analyst forecasts on Umh stock, see the UMH Stock Forecast page.

UMH Properties Reports Strong Q2 2025 Earnings
Aug 8, 2025

UMH Properties, Inc. is a real estate investment trust (REIT) that specializes in the ownership and operation of manufactured home communities across various states in the United States. The company focuses on leasing manufactured homes and homesites, as well as selling manufactured homes through its subsidiary, UMH Sales and Finance, Inc.

UMH Properties Reports Strong Growth Amid Challenges
Aug 8, 2025

UMH Properties’ recent earnings call painted a picture of robust growth tempered by some challenges. The company reported significant increases in funds from operations (FFO), dividends, and revenue, alongside record sales of manufactured homes and a rise in community value. However, these positive developments were somewhat offset by the adverse effects of higher interest rates on earnings per share, a slight dip in rental home occupancy, and increased community operating expenses.

DividendsFinancial DisclosuresPrivate Placements and Financing
UMH Properties Reports Strong Q2 2025 Financial Results
Positive
Aug 6, 2025

On August 6, 2025, UMH Properties, Inc. announced its financial results for the second quarter ending June 30, 2025. The company reported a 10% increase in total income to $66.6 million compared to the same period in 2024. Net income attributable to common shareholders rose to $2.5 million, while normalized funds from operations increased by 16% to $19.5 million. Key achievements during the quarter included a 9% rise in rental income, a 19% increase in manufactured home sales, and a 4.7% increase in the quarterly common stock dividend. The company also completed significant financing activities, including the addition of ten communities to its Fannie Mae credit facility and the issuance of Series B Bonds in Israel.

The most recent analyst rating on (UMH) stock is a Buy with a $20.50 price target. To see the full list of analyst forecasts on Umh stock, see the UMH Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Nov 05, 2025