UMH Properties Q2 total income rises 7%, beats estimates

UMH Properties

05/08/2026 22:16

Overview
U.S. manufactured home REIT's Q2 total income rose 7%, beating analyst expectations
Net income attributable to common shareholders grew 75% yr/yr for Q2
Normalized FFO per share for Q2 rose 9% yr/yr

Outlook
UMH reiterates 2026 full-year guidance of $0.98-$1.04 Normalized FFO per diluted share
Company expects 2026 Net Income per diluted share of $0.07-$0.13
UMH anticipates continued sales growth through the remainder of the year

Result Drivers
RENTAL INCOME GROWTH - Co said Q2 rental and related income rose 9%, supporting revenue growth
HOME SALES - Sales of manufactured homes, including Honey Ridge, increased 10% yr/yr to $11.5 mln, per CEO Samuel Landy
OCCUPANCY IMPROVEMENT - Same property occupancy rose by 110 basis points to 89.4%, with 437 more units occupied yr/yr

Company press release: ID:nGNX6VfWs7

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Total Income
Beat
$71.64 mln
$69.96 mln (5 Analysts)
Q2 Net Income
 
$4.42 mln
 
Q2 Adjusted FFO
 
$21.52 mln
 
Q2 FFO
 
$19.66 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the residential reits peer group is "buy"
Wall Street's median 12-month price target for UMH Properties Inc is $19.00, about 24% above its August 4 closing price of $15.32
The stock recently traded at 97 times the next 12-month earnings vs. a P/E of 130 three months ago

Reuters Recommended Reads
Aug 4 - Champion Homes Q1 sales, profit beat estimates
Aug 4 - NexPoint Residential Trust Q2 revenue beats estimates
Aug 3 - Centerspace Q2 revenue misses estimates

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)