FREEHOLD, NJ, March 23, 2026 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH), a real estate investment trust (REIT) specializing in manufactured home communities, announced that it will host its First Quarter 2026 Financial Results Webcast and Conference Call. Senior management will discuss the results, current market conditions and future outlook on Friday, May 1, 2026, at 10:00 a.m. Eastern Time. UMH’s First Quarter 2026 results will be released on Thursday, April 30, 2026, after the clos ...

FREEHOLD, NJ, March 17, 2026 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) (TASE: UMH), a real estate investment trust (REIT) specializing in manufactured home communities, announced today that it has published its 2025 Annual Report. It is now available on the Company’s website at www.umh.reit. Samuel A. Landy, President and Chief Executive Officer, commented, "We are proud to announce that our 2025 Annual Report is now available on our website. We encourage everyone to read our Annual Report to gai ...

I have written about UMH Properties, Inc. ( UMH ) previously, though my article came out almost 3 years ago . Back then, I rated the company as a “Sell” due to concerns over its high leverage andAnalyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in UMH over the next 72 hours. I wrote this article myself, and it exp ...

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Financial Data and Key Metrics Changes - Normalized FFO for Q4 2025 was $0.24 per share, unchanged from the prior year, while for the full year, it increased by 2% to $0.95 per share compared to $0.93 in 2024 [6][16] - Gross Normalized FFO increased by 7% for the quarter and 15% for the year [7] - Total revenue, including home sales, reached $261.8 million for the year, a 9% increase over the previous year [10] Business Line Data and Key Metrics Changes - Rental and related income grew to $226.7 million for the year, representing a 10% increase from $207 million in 2024 [9][17] - Same-property revenue growth was 8.2% for the year, with same-property NOI growth of 9% [10][18] - Home sales generated gross revenue of $36.4 million for the year, a 9% increase from $33.5 million in 2024 [12] Market Data and Key Metrics Changes - The company added 717 new rental homes, bringing total rental home inventory to approximately 11,000 units with a 93.8% occupancy rate [11] - The average occupancy in newly acquired communities was 78% at acquisition, providing immediate upside potential [13] Company Strategy and Development Direction - The company aims to continue growing through acquisitions, community development, and enhancing the profitability of its sales operations [28][30] - Investments in communities have improved living conditions and generated strong demand, resulting in waiting lists for rental homes [29] - The company is exploring the expansion of communities and other uses for its vacant land, which holds substantial value [30] Management's Comments on Operating Environment and Future Outlook - The affordable housing crisis is a national concern, and the company positions factory-built homes as a solution [6] - Management anticipates strong growth prospects for 2026, supported by positive industry fundamentals and high demand for affordable housing [31][32] - The company expects to achieve normalized FFO guidance of $0.97 to $1.05 per share for 2026, reflecting a 2%-10% increase [8][27] Other Important Information - The company ended the year with $72 million in cash and cash equivalents and $260 million available on its credit facility [19] - Total debt at year-end was approximately $761 million, with 99% being fixed rate [20][21] - The company repurchased 320,000 shares of common stock at an average price of $15.06 per share, reflecting confidence in its undervaluation [24] Q&A Session Summary Question: What is the strategy between rental and home sales? - Management emphasizes the importance of rentals for short-term housing needs, which helps convert renters into buyers [36] Question: What is the expected same-store NOI growth without weather-related expenses? - Management indicated that without elevated snow removal costs, same-store NOI growth would have approached 10% [42][43] Question: What are the dynamics affecting home prices and supply chain issues? - Management noted that prices for homes remain stable, with no significant delays in obtaining homes [44][45] Question: What is the outlook for rental homes and acquisition opportunities? - Management expects rental home growth to be weighted towards the spring and summer months, with ongoing competitive acquisition opportunities [56][59]

Financial Data and Key Metrics Changes - Normalized FFO was $0.24 per share in Q4 2025, unchanged from the prior year, while for the full year, it increased to $0.95 per share from $0.93, a 2% increase [6][16] - Gross Normalized FFO increased by 7% for the quarter and 15% for the year [7] - Total revenue, including home sales, was $261.8 million for the year, a 9% increase from the previous year [10] Business Line Data and Key Metrics Changes - Rental and related income grew to $226.7 million for the year, a 10% increase from $207 million in 2024 [9][17] - Same-property revenue growth was 8.2% for the year, with same-property NOI growth of 9% [10][18] - Home sales generated gross revenue of $36.4 million for the year, a 9% increase from $33.5 million in 2024 [12] Market Data and Key Metrics Changes - The company added 717 new homes across its portfolio, achieving a total rental home inventory of approximately 11,000 units with a 93.8% occupancy rate [11] - The average occupancy in newly acquired communities was 78% at acquisition, providing immediate upside potential [13] Company Strategy and Development Direction - The company aims to continue growing through acquisitions, community development, and enhancing the profitability of its sales operations [28][30] - Investments in communities have improved living conditions and generated strong demand, resulting in waiting lists for rental homes [29] - The company is positioned to benefit from legislative changes that may encourage the development of manufactured housing communities [30][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in strong earnings growth for 2026, with guidance of $0.97 to $1.05 per share, reflecting a 2%-10% increase [8][27] - The affordable housing crisis is a significant focus, with the company positioning itself as a solution through factory-built homes [6][30] - Management noted that demand for affordable housing remains high, supported by favorable demographics and limited new supply [32] Other Important Information - The company ended the year with $72 million in cash and cash equivalents and $260 million available on its credit facility [19] - The total market capitalization was approximately $2.4 billion at year-end, down from $2.5 billion the previous year [23] Q&A Session Summary Question: What is the strategy between rental and home sales? - Management emphasized the importance of rentals as a driver for growth, creating buyers and filling sites more quickly than selling homes [35][36] Question: What is the expected same-store NOI growth without weather-related expenses? - Management indicated that without elevated snow removal costs, same-store NOI growth would have approached 10% [44][45] Question: What are the dynamics affecting home prices and supply chain issues? - Management noted favorable conditions with no dramatic waits for houses and prices remaining stable [46][48] Question: What is the outlook for rental homes and acquisition opportunities? - Management expects 700-800 new rental homes this year, with growth primarily in the spring and summer months [60][62] - The acquisition market remains competitive, with a focus on high-quality assets [63][66] Question: What is the contribution expected from new home sales in 2026? - Management anticipates an improvement in home sales, with potential sales reaching $40 million [71][75] Question: How is the delinquency and bad debt outlook? - Collections remain strong at 98.5%, with write-offs around 1% of rental income [76][78]

Financial Data and Key Metrics Changes - Normalized FFO for Q4 2025 was $0.24 per share, unchanged from the prior year, while for the full year, it increased by 2% to $0.95 per share compared to $0.93 in 2024 [5][15] - Gross Normalized FFO increased by 7% for the quarter and 15% for the year [5] - Total revenue, including home sales, was $261.8 million for the year, representing a 9% increase over the previous year [9] Business Line Data and Key Metrics Changes - Rental and related income grew to $226.7 million for the year, a 10% increase from $207 million in 2024 [8][16] - Same-property revenue growth was 8.2% for the year, with same-property NOI growth of 9% [9][17] - Home sales generated gross revenue of $36.4 million for the year, an increase of 9% from $33.5 million in 2024 [11] Market Data and Key Metrics Changes - The company added 717 new homes across its portfolio, achieving a total rental home inventory of approximately 11,000 units with a 93.8% occupancy rate [10] - The average occupancy in newly acquired communities was 78% at acquisition, providing immediate upside potential [12] Company Strategy and Development Direction - The company aims to continue growing through acquisitions, community development, and enhancing the profitability of its sales operations [27] - Investments in communities have improved living conditions, leading to strong demand and waiting lists for rental homes [28] - The company is exploring the potential of its land holdings for future developments, including single-family homes and data centers [28] Management's Comments on Operating Environment and Future Outlook - The company anticipates strong growth prospects in 2026, supported by high demand for affordable housing and favorable demographics [30] - Management expressed confidence in the resilience of their business model, which has proven effective across economic cycles [14] Other Important Information - The company ended the year with $72 million in cash and cash equivalents and $260 million available on its credit facility [18] - The weighted average interest rate on total debt was 4.9% at year-end, compared to 4.38% the previous year [20] Q&A Session Summary Question: What is the strategy between rental and home sales? - Management emphasized the importance of rentals as a driver for growth, noting that rentals create buyers and fill sites more quickly than sales [34][35] Question: What is the expected same-store NOI growth without weather-related expenses? - Management indicated that without elevated snow removal costs, same-store NOI growth would have approached 10% [42][43] Question: How are home prices and supply chain issues affecting costs? - Management reported favorable conditions, with no dramatic waits for homes and prices remaining stable [44][46] Question: What is the outlook for rental homes and acquisition opportunities? - Management expects to add 700-800 rental homes, with growth primarily in the second and third quarters [57] - The acquisition market remains competitive, with a focus on high-quality, well-located assets [60][62]

RIVER VALLEY ESTATES, Marion, OH Acquired in 1986 CINNAMON WOODS, Conowingo, MD Acquired in 2017 UMH PROPERTIES, INC. Investor Presentation February 2026 Forward Looking Statements Certain statements contained in this presentation that are not historical facts are forward-looking statements within the meaning of the safe harbor from civil liability provided for such statements by the Private Securities Litigation Reform Act of 1995 (set forth in Section 27A of the Securities Act of 1933, as amended (the "Se ...

Financial Performance - Rental and related income for Q4 FY 2025 was $58,203,000, up 9.3% from $53,259,000 in Q4 FY 2024[5] - Net income attributable to common shareholders for FY 2025 was $5,966,000, a significant increase from $2,472,000 in FY 2024, representing a 141.5% growth[5] - Adjusted EBITDA for FY 2025 reached $127,284,000, up 11.6% from $113,958,000 in FY 2024[5] - Total income for Q4 FY 2025 was $66,968,000, an increase of 8.4% from $61,873,000 in Q4 FY 2024[8] - Funds from operations (FFO) attributable to common shareholders for FY 2025 were $75,967,000, compared to $66,259,000 in FY 2024, marking a 14.7% increase[10] - Community NOI for the year ended December 31, 2025, was $134,524,000, an increase of 9.0% from $123,433,000 in 2024[24] Expenses and Liabilities - Community operating expenses increased to $24,843,000 in Q4 FY 2025, compared to $22,151,000 in Q4 FY 2024, reflecting a 12.1% rise[5] - Total expenses for Q4 FY 2025 were $54,175,000, an increase of 5.3% from $51,466,000 in Q4 FY 2024[8] - Community operating expenses for the year ended December 31, 2025, were $87,018,000, reflecting a 7.1% increase from $81,245,000 in 2024[24] - Total liabilities rose to $791,840,000 in FY 2025, compared to $647,819,000 in FY 2024, indicating a 22.2% increase[7] Assets and Equity - Total assets as of December 31, 2025, were $1,699,036,000, an increase from $1,563,728,000 in 2024, marking an 8.7% growth[7] - Cash, cash equivalents, and restricted cash at the end of FY 2025 totaled $80,926,000, down from $108,811,000 at the end of FY 2024[9] - Total equity market capitalization decreased from $1,546,449,000 in 2024 to $1,349,971,000 in 2025, a decline of approximately 12.7%[12] Rental and Occupancy - The company added a net of 138 rentals in Q4 FY 2025, compared to 80 rentals added in Q4 FY 2024, showing a 72.5% increase[5] - Occupancy percentage increased from 87.3% in 2024 to 88.1% in 2025, reflecting an improvement of 80 basis points[22] - Monthly rent per site rose from $544 in 2024 to $572 in 2025, marking an increase of 5.1%[22] - The company reported a rental occupancy rate of 93.8%, slightly down from 94.0% in the previous year[24] Debt and Interest - Total debt increased from $614,722,000 in 2024 to $761,227,000 in 2025, representing a rise of about 23.9%[12] - Net debt rose from $515,002,000 in 2024 to $689,127,000 in 2025, an increase of approximately 33.8%[12] - The company incurred interest expense of $29,683,000 for FY 2025, compared to $27,287,000 in FY 2024[9] - Interest coverage ratio improved from 3.4x in 2024 to 3.6x in 2025[12] - Fixed charge coverage ratio increased from 2.2x in 2024 to 2.3x in 2025[12] Acquisitions and Growth - The company acquired five communities in 2025, totaling 587 sites with a purchase price of $41,825,000 and an average occupancy of 78%[27] - Total sites expanded from 25,896 in 2024 to 26,610 in 2025, a growth of 2.8%[22] - The average price per site for acquisitions in 2025 was $71, compared to $34 in 2021 and $58 in 2022[28] Other Financial Metrics - The expense ratio for FY 2025 was 42.0%, slightly down from 42.2% in FY 2024[5] - The company reported a net realized gain on securities of $1,256,000 for 2025, compared to a loss of $2,326,000 in 2024[21] - Cash flows from operating activities for FY 2025 were $81,973,000, slightly higher than $81,601,000 in FY 2024[9] - The weighted average common shares outstanding for FY 2025 were 84,067,000, an increase from 74,114,000 in FY 2024[8] - Adjusted EBITDA excluding non-recurring other expense improved from $113,958,000 in 2024 to $127,284,000 in 2025, a growth of about 11.6%[12]

Core Viewpoint - UMH Properties, Inc. reported solid financial results for the year ended December 31, 2025, with significant increases in total income, net income, and funds from operations, indicating strong operational performance and growth potential for the company moving forward [1][2][5]. Financial Performance - Total Income for the year was $261.8 million, up 9% from $240.6 million in 2024 [1]. - Net Income attributable to common shareholders for the year was $6.0 million, or $0.07 per diluted share, compared to $2.5 million, or $0.03 per diluted share in 2024 [1]. - Funds from Operations (FFO) for the year was $76.0 million, or $0.90 per diluted share, compared to $66.3 million, or $0.88 per diluted share in 2024 [2]. - Normalized FFO for the year was $80.1 million, or $0.95 per diluted share, up from $69.5 million, or $0.93 per diluted share in 2024 [2]. Quarterly Performance - Total Income for the fourth quarter was $67.0 million, an increase of 8% from $61.9 million in the same quarter of 2024 [1]. - Net Income attributable to common shareholders for the fourth quarter was a loss of $506,000, or $0.01 per diluted share, compared to a net income of $28,000, or $0.00 per diluted share in the fourth quarter of 2024 [1]. - FFO for the fourth quarter was $19.3 million, or $0.23 per diluted share, consistent with $18.4 million, or $0.23 per diluted share in the same quarter of 2024 [2]. Balance Sheet Highlights - Gross Real Estate Investments increased to $1.87 billion from $1.67 billion in 2024 [4]. - Total Assets rose to $1.70 billion from $1.56 billion in 2024 [4]. - Total Shareholders' Equity decreased slightly to $907.2 million from $915.9 million in 2024 [4]. Operational Achievements - Rental and Related Income increased by 10% [5]. - Community Net Operating Income (NOI) grew by 9% [5]. - Same Property Occupancy improved by 80 basis points, reaching 88.3% [5]. - The company acquired five communities containing 587 homesites for approximately $41.8 million [5]. Future Outlook - The company anticipates adding 700-800 new rental homes in 2026, aiming for high single-digit or low double-digit same property growth [6]. - Full year 2026 guidance for Normalized FFO per share is projected to be between $0.97 and $1.05, representing an 8% increase at the mid-point [6].