UMH PROPERTIES, INC. SECOND QUARTER 2026 OPERATIONS UPDATE
Rhea-AI Summary
UMH Properties (NYSE: UMH) reported preliminary second quarter 2026 operating metrics. Total rental and related income rose 10.3%, with same-store rental income up 9.2% for July 2026 versus July 2025. Home sales income increased 9.2% to a quarterly record of $11.4 million.
UMH rented 193 new rental homes, lifting net rental home occupancy by 139 units to 11,200 rentals at 95.3% occupancy. Community occupancy reached 89.0% and same-property occupancy 89.4%. The company issued 353,000 Series D preferred shares for $7.6 million and amended its unsecured revolving credit line to $260 million with a $340 million accordion, total potential availability of $600 million, lower interest costs, and a four-year term plus one-year option.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Positive
- Total rental and related income up 10.3% year-over-year for July
- Same-store rental and related income up 9.2% for July 2026
- Quarterly home sales income increased 9.2% to $11.4 million
- 193 new rental homes added; rental home occupancy now 95.3%
- Community occupancy at 89.0%; same-property occupancy at 89.4%
- Issued 353,000 Series D preferred shares raising $7.6 million
- Revolving credit line expanded to $260 million with $340 million accordion
- Line interest reduced by approximately 35–40 basis points
Negative
- None.
Key Figures
Peers on Argus
At publication, UMH traded modestly higher while key residential REIT peers showed a mixed but generally upward bias, with several posting gains and one decline, suggesting a broader residential REIT bid rather than a purely stock-specific move.
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Jun 29 | Index inclusion | Positive | -1.9% | Added to the Russell 2000 Value-Defensive Index after 2026 reconstitution. |
| Jun 24 | Policy support | Positive | +1.2% | Company welcomed bipartisan Act expected to support manufactured housing demand. |
| Jun 23 | Earnings call notice | Neutral | +1.2% | Announced timing for release and webcast of second quarter 2026 results. |
| Jun 08 | ESG report | Neutral | -1.0% | Published 2025 Sustainability Report outlining portfolio and ESG initiatives. |
| May 28 | CFO transition | Neutral | -4.0% | Announced CFO retirement and appointment of a successor with REIT experience. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent UMH headlines have produced mixed market reactions, with slightly more divergences than alignments relative to whether the news appears favorable for shareholders.
Regulatory & Risk Context
Short interest is categorized as relatively low, suggesting limited short-squeeze fuel and implying that trading volatility is more likely to reflect fundamentals and capital markets activity than forced short-covering dynamics.
An effective Form S-3 shelf allows the company to issue common stock, preferred stock, warrants, or debt securities over time, which can provide funding flexibility but may introduce dilution or subordination when utilized.
Key Terms
revolving line of credit financial
capitalization rate financial
net operating income financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
FREEHOLD, NJ, July 02, 2026 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH), a real estate investment trust (REIT) specializing in the ownership and operation of manufactured home communities, is providing investors with the following update on our second quarter 2026 operating results:
- We increased total rental and related income by
10.3% and same store rental and related income by9.2% for July 2026 compared to July 2025. - We increased home sales income by
9.2% compared to the same period last year, increasing sales from$10.5 million in last year’s second quarter to$11.4 million this most recent quarter. - During the quarter, we rented 193 new rental homes. Net rental home occupancy increased by 139 units. UMH now owns approximately 11,200 rental homes with an occupancy rate of
95.3% . - Same property occupancy increased 430 units for the first half of the year. During the quarter, occupancy increased by 97 units. Community occupancy was
89.0% and same property occupancy was89.4% . - We issued and sold approximately 353,000 shares of our Series D Preferred stock through our Preferred At-The-Market sale program at a weighted average price of
$21.61 per share generating gross proceeds of$7.6 million . - We amended and extended our unsecured revolving line of credit which now provides for
$260 million in available borrowings, with a$340 million accordion feature, bringing the total potential availability up to$600 million . The value of the unencumbered communities included under the line had a reduction of the capitalization rate from6.5% to now6.0% applied to the Net Operating Income. The interest charged on our line has also been reduced by approximately 35 to 40 basis points, depending on our leverage ratio. The amended line has a four-year term with an additional one-year option.
Samuel A. Landy, President and CEO of UMH Properties, Inc., stated “UMH continued our strong momentum in the second quarter. Our high-quality communities are experiencing strong demand which is resulting in record sales, growing occupancy and increased revenue.
“We are pleased to report that we set a quarterly sales record of
“Additionally, we strengthened our balance sheet through the issuance of our preferred shares and the successful amendment and extension of our revolving line of credit, which will allow us to continue our internal investments and provides us with financial flexibility.
“The investments we have made in our communities, expansions and value-added acquisitions have positioned the company to grow further through the occupancy of our 3,200 vacant sites and development of 2,300 acres of vacant land.
We look forward to reporting our full second quarter results on August 5, 2026.”
It should be noted that the financial information set forth above reflects our preliminary estimates with respect to such information, based on information currently available to management, and may vary from our actual financial results as of and for the second quarter ended June 30, 2026. UMH’s final second quarter results will be released on Wednesday, August 5, 2026, after the close of trading on the New York Stock Exchange and will be available on the Company’s website at www.umh.reit, in the Financials section. Senior management will discuss the results, current market conditions and future outlook on Thursday, August 6, 2026, at 10:00 a.m. Eastern Time.
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 145 manufactured home communities, containing approximately 27,100 developed homesites, of which 11,200 contain rental homes, and over 1,000 self-storage units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 145 communities are two communities in Florida, containing 363 sites, and one community in Pennsylvania, containing 113 sites, that UMH has an ownership interest in and operates through its joint ventures with Nuveen Real Estate.
Certain statements included in this press release which are not historical facts may be deemed forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any such forward-looking statements are based on the Company’s current expectations and involve various risks and uncertainties. Although the Company believes the expectations reflected in any forward-looking statements are based on reasonable assumptions, the Company can provide no assurance those expectations will be achieved. The risks and uncertainties that could cause actual results or events to differ materially from expectations are contained in the Company’s annual report on Form 10-K and described from time to time in the Company’s other filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statements whether as a result of new information, future events, or otherwise.
Contact: Nelli Madden
732-577-4062
