UMH
Owns manufactured-home communities and rents homesites across the eastern United States.
Something off on this page? Send us feedback.
Profile
Owns and operates manufactured-home communities, earning mainly from homesite leases, rental homes, and manufactured-home sales and finance. The portfolio is concentrated in the eastern United States and includes joint-venture and Opportunity Zone structures.
Owns and operates 145 manufactured-home communities, with homesite leases as the core business. Rental homes, manufactured-home sales and finance through UMH Sales and Finance, self-storage, and property-management fees add related income streams around the resident base.
The portfolio is concentrated in the eastern United States, spanning Mid-Atlantic, Midwest, Southeast, and nearby markets. Growth has come from community acquisitions, expansion of existing properties, rental-home additions, and selective development through Nuveen joint ventures and an Opportunity Zone fund.
Execution depends on occupancy, rent increases, financing availability, and acquisition pricing. Rent control in New York and New Jersey limits rent increases in parts of the portfolio.
Company facts
Categories
Key statistics
Year to date +3.6% · Average volume (30d) 647.2K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 6, 2026 | Industrial Alliance Securities | Target | $18 | |||
| Jul 9, 2026 | Odeon Capital Group LLC | Target | $17.50 | |||
| Jan 5, 2026 | Cantor Fitzgerald | Target | $15 | $16 | ||
| Dec 4, 2025 | Colliers Securities | Upgrade | Neutral | Buy | ||
| Dec 3, 2025 | Colliers Securities | Target | $17 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $0.03 | $0.05 | +78.6% | $60.8M | $71.6M | +17.9% | +3.36% |
| Apr 30, 2026Q1 FY26 | $0.02 | $0.23 | +1,050.0% | $59.4M | $65.8M | +10.9% | +1.22% |
| Feb 25, 2026Q4 FY25 | $0.24 | $0.24 | 0.0% | $68.7M | $58.2M | −15.3% | −2.78% |
| Nov 3, 2025Q3 FY25 | $0.25 | $0.25 | 0.0% | $68.7M | $66.9M | −2.6% | −0.89% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $61.2M | $66.6M | $66.9M | $67.0M | $65.8M | $71.6M | |
| Gross profit | $33.9M | $36.5M | $36.1M | $2.1M | $36.5M | $64.8M | |
| Operating income | $9.6M | $12.6M | $12.8M | $10.7M | $11.5M | $13.5M | |
| Net income | $4.9M | $7.7M | $9.3M | $4.6M | $7.8M | $9.6M | |
| Diluted EPS | −$0.00 | $0.03 | $0.05 | $0.05 | $0.03 | $0.05 | |
| Gross margin | 55.3% | 54.7% | 54.0% | 3.1% | 55.4% | 90.5% | |
| Operating margin | 15.6% | 19.0% | 19.2% | 16.0% | 17.5% | 18.8% |
Fiscal years (4-quarter sums)FY21 $186.1M · FY22 $195.8M · FY23 $220.9M · FY24 $240.6M · FY25 $261.8M
Balance sheet, Jun 30, 2026Cash & short-term investments $58.3M · Total debt $789.3M · Total assets $1.71B · Shareholders' equity $890.4M
Dividends
Raised for 17 straight years — most recently to $0.225 from $0.215 in May 2025. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 17, 2026 | Aug 17 | Sep 15 | $0.225 | |
| May 15, 2026 | May 15 | Jun 15 | $0.225 | |
| Feb 17, 2026 | Feb 17 | Mar 16 | $0.225 | |
| Nov 17, 2025 | Nov 17 | Dec 15 | $0.225 | |
| Aug 15, 2025 | Aug 15 | Sep 15 | $0.225 | |
| May 15, 2025 | May 15 | Jun 16 | $0.225 | raised from $0.215 |
| Feb 18, 2025 | Feb 18 | Mar 17 | $0.215 | |
| Nov 15, 2024 | Nov 15 | Dec 16 | $0.215 |
Ownership
Shares outstanding 85.17M · Float 79.94M · 93.9% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 8.40M | 9.86% | 13F | Aug 7, 2026 |
| Erez Asset Management LLC | 4.27M | 5.00% | 13D | Aug 11, 2026 |
| Vanguard Portfolio Management | 4.26M | 5.00% | 13G | Jul 31, 2026 |
| State Street Corp | 3.68M | 4.32% | 13F | Aug 7, 2026 |
| FMR LLC | 3.65M | 4.28% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Jeffrey A. Carus | director | +500 | $16.46 |
| Aug 17, 2026 | William Edward Mitchell | director | +64 | $15.63 |
| Aug 17, 2026 | Kevin S. Miller | officer: EVP, CFO, Treasurer | +64 | $15.63 |
| Jul 15, 2026 | Kevin S. Miller | officer: EVP, CFO, Treasurer | +68 | $14.75 |
| Jul 15, 2026 | William Edward Mitchell | director | +68 | $14.75 |
Peers
- Equity LifeStyle Properties
Direct land-lease peer across manufactured-home communities
- Sun Communities
Large MH and RV community REIT with overlapping acquisition targets
- American Homes 4 Rent
Single-family rental REIT competing for affordable rental households
- Invitation Homes
Single-family leasing platform competing for rental demand
- Mid-America Apartment Communities
Sun Belt apartment REIT competing as an alternative rental option
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| UMH | $16.48 | 0.00% | $1.40B | 91.6 | 125.8 | 5.2 | +7.5% |
| Equity LifeStyle Properties | $63.74 | +0.02% | $12.37B | 32.5 | 30.1 | 7.8 | +6.8% |
| Sun Communities | $122.92 | −0.04% | $15.15B | — | 41.4 | 6.9 | −20.2% |
| American Homes 4 Rent | $33.54 | 0.00% | $12.05B | 26.6 | 44.0 | 6.4 | +2.8% |
| Invitation Homes | $28.97 | −0.93% | $17.37B | 26.8 | 38.4 | 6.1 | +9.7% |
| Mid-America Apartment Communities | $128.57 | −0.84% | $15.08B | 37.9 | 41.5 | 6.8 | +1.0% |
| Median | 29.7 | 41.4 | 6.8 | +2.8% |