UMH Properties, Inc.
UMH-PD
New York Stock Exchange22.00
USD
+0.05
- -
UMH Properties, Inc.
UMH-PD
(New York Stock Exchange)
Recent
price
22.00
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- UMH Properties, Inc. is a public equity real estate investment trust (REIT) specializing in the ownership, operation, and management of manufactured home communities. Founded in 1968 and headquartered in Freehold, New Jersey, UMH operates a portfolio of 145 manufactured home communities comprising approximately 27,000 developed homesites, including 10,800 rental homes and over 1,000 self-storage units. The company's main products and services include leasing manufactured homesites and homes to residents; selling and financing the sale of manufactured homes through its wholly-owned taxable REIT subsidiary, UMH Sales and Finance, Inc.; and managing community operations that focus on providing affordable, clean, and safe housing communities. UMH's geographic operations span 12 U.S. states, including New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina, Georgia, and Florida. The company also participates in a joint venture with Nuveen Real Estate, owning and operating additional communities in Florida and Pennsylvania. In the last 1-2 years, UMH Properties has pursued multiple acquisitions, expanding its footprint with several community purchases totaling several hundred homesites; examples include acquisitions in Maryland (such as Conowingo Court and Maybelle Manor totaling 191 homesites for $14.625 million), Albany, Georgia, and other locations, adding nearly 600 sites in 2025 at an investment exceeding $40 million. UMH secured a $91.8 million fixed-rate credit facility through Fannie Mae to fund growth, community expansions, manufactured home purchases for sale or lease, and debt refinancing. It expanded its stock repurchase authorization from $25 million to $100 million, signaling confidence in its valuation and future prospects. Additionally, the company is innovating through new manufactured home product offerings, including its "UMH Tiny" duplex line featuring factory-built single section units divided into two dwellings with solar shingles to reduce utility costs, targeting affordable housing solutions. UMH also continues to develop and acquire properties via joint ventures to enhance operational efficiencies and growth potential. These initiatives reinforce UMH's business model centered on acquiring value-enhancing communities, improving occupancy through sales and rental strategies, making property upgrades, and creating operational efficiencies. UMH serves a market focused on providing affordable housing options across diverse regions in the eastern and southeastern United States. The company emphasizes reinvestment into its communities to maintain high-quality living environments while realizing property-level value growth. UMH Properties, Inc. remains a significant player in the manufactured housing REIT industry, operating with a comprehensive portfolio of communities, a specialized sales and finance subsidiary, and an ongoing strategy of geographic expansion, product innovation, and operational enhancements to meet growing affordable housing demands.