UMH PROPERTIES, INC. THIRD QUARTER 2026 OPERATIONS UPDATE

UMH anticipates its home-sales performance will continue into the fourth quarter.

Rhea-AI Summary

UMH Properties (UMH) reported preliminary third-quarter 2026 operating results, with gross home sales income rising 28% from the prior-year quarter.

Sales reached $12.8 million, versus $10.0 million, exceeding the quarterly record set in the second quarter. Total rental and related income increased 9.3%, and same-store rental and related income increased 8.7%, for October 2026 compared with October 2025. During the third quarter, UMH rented 202 new homes, and net rental home occupancy increased by 72 units. Its approximately 11,400 rental homes had 95% occupancy. Same-property occupancy increased by 355 units since January 1 and 418 units over last year; occupancy increased by 69 units during the quarter. Community occupancy was 88%, and same-property occupancy was 89%. These financial figures are preliminary estimates and may differ from actual results. Final third-quarter results are scheduled for November 2, 2026.

10 points · 0 major

PositiveiHow this balance works

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Rhea-AI gives every point it takes from this document a weight. Minor counts 1, Moderate 3 and Major 9, so one Major point outweighs several Minor ones. The bar adds up the weights on each side, and when neither side holds more than 65% of the total the balance reads Mixed.

It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

How the balance worksHow Sentiment works

0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate pointGross home sales income rose 28% to $12.8 million year over year, exceeding the second-quarter sales record.
• Moderate pointTotal rental and related income increased 9.3% for October 2026 compared with October 2025.
• Moderate point202 new rental homes were installed and rented during the third quarter.
• Moderate pointNet rental home occupancy increased by 72 units during the quarter.
• Moderate pointSame-property occupancy increased by 355 units since January 1 and 418 units over last year.

5 minor points

• Minor pointSame-store rental and related income increased 8.7% for October 2026 compared with October 2025.
• Minor point560 homes have been installed and rented so far this year.
• Minor pointOccupancy increased by 69 units during the quarter.
• Minor point. Forward-looking: it has not happened yet and may not happen.Fourth-quarter sales performance is expected by UMH to continue the third-quarter performance.
• Minor point. Forward-looking: it has not happened yet and may not happen.Opportunity-zone tax amendments could support community development with fund capital and management-fee income, in UMH's view.

Negative

• Minor pointFinancial information is preliminary and may vary from actual third-quarter 2026 results.

Key Figures

Gross home sales income: $12.8 million vs. $10.0 million Rental and related income: 9.3% increase Same-store rental and related income: 8.7% increase +5 more

Gross home sales income

$12.8 million vs. $10.0 million

Quarter; 28% increase compared with the same period last year

Rental and related income

9.3% increase

October 2026 compared with October 2025

Same-store rental and related income

8.7% increase

October 2026 compared with October 2025

New rental homes rented

202 homes

During the quarter

Homes installed and rented

560 homes

Year to date

Same-property occupancy increase

355 units since January 1; 418 units over last year

Same-property occupancy

Rental-home occupancy

95%

Across approximately 11,400 rental homes

Occupancy rates

88% community occupancy; 89% same-property occupancy

Quarterly update

Historical Context

1 past event · Latest: Aug 05

1 event

1. Aug 05

   Earnings report

   24h Move

   +3.4%

   Q2 reported $11.5 million in home sales; Q3 update says sales broke that quarterly record.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

reit, same store, opportunity zone, forward-looking statements

4 terms

reit financial

"a real estate investment trust (REIT) specializing in the ownership"

A real estate investment trust (REIT) is a company that owns, operates, or finances income-producing real estate, like shopping centers, apartments, or office buildings. For investors, REITs offer a way to invest in real estate without having to buy property directly, often providing regular income through dividends. They function like a mutual fund for real estate, making it easier for people to add property investments to their portfolio.

same store financial

"same store rental and related income by 8.7%"

Same store describes sales or revenue measured only at locations or outlets that have been open for a specified prior period, excluding new openings and closed units so performance is compared on an “apples-to-apples” basis. Investors use same-store figures to see whether existing operations are growing or shrinking on their own, like checking whether a long-standing shop is selling more or fewer items this year without the distortion of added or removed stores.

opportunity zone regulatory

"Amendment to the opportunity zone tax laws"

A designated low-income geographic area that offers special tax incentives to investors who channel capital into projects there through approved funds. Think of it as a time-limited tax discount that encourages long-term investment in struggling neighborhoods: investors can defer, reduce or potentially eliminate taxes on gains if they keep money invested for specified periods. For investors, opportunity zones can change the math of a deal by lowering after-tax cost and shifting risk–return calculations.

forward-looking statements regulatory

"may be deemed forward-looking statements within the meaning"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FREEHOLD, NJ, Oct. 01, 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 third quarter 2026 operating results:

1. We increased total rental and related income by 9.3% and same store rental and related income by 8.7% for October 2026 compared to October 2025.
   
   
2. We increased gross home sales income by 28% during the quarter compared to the same period last year, increasing sales from $10.0 million to $12.8 million.
   
   
3. During the quarter, we rented 202 new rental homes. Net rental home occupancy increased by 72 units. UMH now owns approximately 11,400 rental homes with an occupancy rate of 95%.
   
   
4. Same property occupancy increased 355 units from January 1^st of this year and 418 units over last year. During the quarter, occupancy increased by 69 units. Community occupancy was 88% and same property occupancy was 89%.
   
   

Samuel A. Landy, President and CEO of UMH Properties, Inc., stated “Our gross sales continue to grow and broke the quarterly sales record set in the second quarter of this year. Sales for the quarter were $12.8 million as compared to $10.0 million last year representing an increase of approximately 28%. Our sales pipeline remains strong and we anticipate this performance to continue into the fourth quarter. On the rental front, we installed and rented 202 homes in the third quarter and we have installed and rented 560 homes so far this year. These new rental homes have allowed us to increase occupancy and revenue while improving the overall quality of our communities. Our rent collections remain in line with historical norms.

“Real Estate Investment Trusts (REITs) were granted special tax treatment by Congress so that everyday people could pool money to create real estate secured income. UMH has achieved that goal for 58 consecutive years. At this moment, we are especially excited about our opportunity to grow income for our shareholders due to:

1. The Road to Housing Act creating:

1. 1. Two story homes.
   2. Removal of the chassis allowing us to set homes closer to the ground.
   3. Encouraging low dollar amount loans, including Title One 3% down payment loans.
      
      

2. Amendment to the opportunity zone tax laws which will allow us to build and rehabilitate more communities with capital coming from a UMH OZ Fund and management fee income coming to UMH, as the OZ Fund’s manager. This can convert community development and redevelopment from short-term losses to short-term gains and become a long-term driver of fee income and ultimately enhance our acquisition pipeline. 

There has never been a more exciting time to be in the business of operating manufactured housing communities, building and expanding communities, selling manufactured homes, renting homes, brokering home sales, selling insurance and financing home sales. We look forward to reporting our full third quarter results on November 2, 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 third quarter ended September 30, 2026. UMH’s final third quarter results will be released on Monday, November 2, 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 Tuesday, November 3, 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 27,300 developed homesites, of which 11,400 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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

How much did UMH home sales grow in the third quarter of 2026?

UMH's preliminary third-quarter gross home sales income increased 28% to $12.8 million, compared with $10.0 million in the same quarter last year. Sales exceeded the quarterly record set in the second quarter of 2026.

When will UMH release its final third-quarter 2026 results?

UMH will release final third-quarter results on Monday, November 2, 2026, after the close of trading on the New York Stock Exchange. The results will be available in the Financials section of the company's website.

How does UMH expect opportunity-zone tax amendments to affect its business?

UMH sees the amendments as an opportunity to build and rehabilitate more communities using capital from a UMH OZ Fund, with UMH receiving management fees as the fund's manager. The company believes this could turn development and redevelopment from short-term losses into short-term gains, provide long-term fee income and enhance its acquisition pipeline.