UMH PROPERTIES, INC.
Business
UMH Properties, Inc. is a self-administered, self-managed REIT that owns and operates manufactured home communities, leasing homesites to residents across 145 communities in twelve states. The company leases manufactured homes to residents, sells and finances manufactured homes through its taxable REIT subsidiary UMH Sales and Finance, Inc., and operates an opportunity zone fund for community acquisition and redevelopment. UMH serves the affordable-housing market through land-lease communities with predictable income streams and inflation protection via annual rent increases.
Summary from 10-K filed 2026-02-25
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Rental and Related Income | 227 | 207 | 190 | 170 | 159 | |
| Sales of Manufactured Homes | 35 | 34 | 31 | 25 | 27 | |
| Total Income | 262 | 241 | 221 | 196 | 186 | |
| Community Operating Expenses | 96 | 87 | 81 | 76 | 68 | |
| Cost of Sales of Manufactured Homes | 23 | 22 | 21 | 18 | 20 | |
| Selling Expenses | 7 | 7 | 7 | 5 | 5 | |
| General and Administrative Expenses | 22 | 22 | 20 | 19 | 14 | |
| Depreciation Expense | 67 | 60 | 56 | 49 | 45 | |
| Total Expenses | 214 | 198 | 185 | 166 | 152 | |
| Interest Income | 9 | 7 | 5 | 4 | 3 | |
| Dividend Income | 1 | 1 | 2 | 3 | 5 | |
| Gain (Loss) on Sales of Marketable Securities, net | −221,000 | −4 | 183,000 | 6 | — | |
| Increase (Decrease) in Fair Value of Marketable Securities | −2 | 1 | −4 | −22 | 25 | |
| Other Income | 912,000 | 794,000 | 1 | 1 | 626,000 | |
| Loss on Investment in Joint Ventures | −439,000 | −376,000 | −808,000 | −671,000 | −24,000 | |
| Interest Expense | −30 | −27 | −32 | −26 | −19 | |
| Total Other Income (Expense) | −21 | −21 | −28 | −34 | 17 | |
| Income Before Loss on Sales of Investment Property and Equipment | 26 | 22 | 8 | −5 | 51 | |
| Loss on Sales of Investment Property and Equipment | −64,000 | −113,000 | 0 | −169,000 | −170,000 | |
| Net Income | 26 | 21 | 8 | −5 | 51 | |
| Preferred Dividends | −21 | −19 | −17 | −23 | −30 | |
| Loss Attributable to Non-Controlling Interest | 224,000 | 194,000 | 158,000 | 118,000 | 0 | |
| Net Income (Loss) Attributable to Common Shareholders | 6 | 2 | −9 | −36 | 21 | |
| Net Income (Loss) Attributable to Common Shareholders Per Share - Basic | 0.07 | 0.03 | −0.15 | −0.67 | 0.46 | |
| Net Income (Loss) Attributable to Common Shareholders Per Share - Diluted | 0.07 | 0.03 | −0.15 | −0.67 | 0.45 | |
| Basic | 84 | 74 | 63 | 54 | 46 | |
| Diluted | 85 | 75 | 64 | 55 | 47 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Land | 93 | 88 | 86 | 87 | 75 | |
| Site and Land Improvements | 1,093 | 970 | 897 | 846 | 716 | |
| Buildings and Improvements | 52 | 45 | 40 | 36 | 30 | |
| Rental Homes and Accessories | 632 | 566 | 516 | 423 | 383 | |
| Total Investment Property | 1,869 | 1,669 | 1,539 | 1,392 | 1,205 | |
| Equipment and Vehicles | 36 | 31 | 29 | 27 | 24 | |
| Total Investment Property and Equipment | 1,905 | 1,701 | 1,568 | 1,418 | 1,230 | |
| Accumulated Depreciation | −534 | −472 | −416 | −363 | −316 | |
| Net Investment Property and Equipment | 1,371 | 1,229 | 1,152 | 1,055 | 913 | |
| Cash and Cash Equivalents | 72 | 100 | 57 | 30 | 116 | |
| Marketable Securities at Fair Value | 24 | 32 | 35 | 42 | 114 | |
| Inventory of Manufactured Homes | 42 | 35 | 33 | 88 | 24 | |
| Notes and Other Receivables, net | 105 | 92 | 81 | 67 | 55 | |
| Prepaid Expenses and Other Assets | 14 | 14 | 12 | 20 | 17 | |
| Land Development Costs | 40 | 34 | 33 | 23 | 22 | |
| Investment in Joint Ventures | 31 | 28 | 25 | 18 | 9 | |
| Total Other Assets | 328 | 335 | 276 | 289 | 357 | |
| TOTAL ASSETS | 1,699 | 1,564 | 1,428 | 1,345 | 1,271 | |
| Mortgages Payable, net of unamortized debt issuance costs | 556 | 486 | 496 | 509 | 453 | |
| Accounts Payable | 6 | 8 | 6 | 6 | 4 | |
| Loans Payable, net of unamortized debt issuance costs | 28 | 28 | 93 | 154 | 47 | |
| Series A Bonds, net of unamortized debt issuance costs | 102 | 101 | — | — | — | |
| Series B Bonds, net of unamortized debt issuance costs | 76 | 0 | — | — | — | |
| Accrued Liabilities and Deposits | 14 | 15 | 15 | 17 | 17 | |
| Tenant Security Deposits | 11 | 10 | 10 | 8 | 8 | |
| Total Other Liabilities | 236 | 162 | 224 | 284 | 76 | |
| Total Liabilities | 792 | 648 | 721 | 793 | 529 | |
| Commitments and Contingencies | — | — | — | — | — | |
| Series D 6.375% Cumulative Redeemable Preferred Stock, $0.10 par value per share, 18,700 and 13,700 shares authorized as of December 31, 2025 and 2024, respectively; 12,916 and 12,823 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 323 | 321 | 290 | 225 | 215 | |
| Common Stock - $0.10 par value per share, 183,714 and 163,714 shares authorized as of December 31, 2025 and 2024, respectively; 84,850 and 81,909 shares issued and outstanding as of December 31, 2025 and 2024, respectively | 8 | 8 | 7 | 6 | 5 | |
| Excess Stock - $0.10 par value per share, 3,000 shares authorized; no shares issued or outstanding as of December 31, 2025 and 2024 | 0 | 0 | 0 | 0 | 0 | |
| Additional Paid-In Capital | 600 | 611 | 433 | 343 | 300 | |
| Accumulated Deficit | −25 | −25 | −25 | −25 | −25 | |
| Total UMH Properties, Inc. Shareholders Equity | 906 | 914 | 705 | 549 | 742 | |
| Non-Controlling Interest in Consolidated Subsidiaries | 2 | 2 | 2 | 2 | 0 | |
| Total Shareholders Equity | 907 | 916 | 707 | 551 | 742 | |
| TOTAL LIABILITIES AND SHAREHOLDERS EQUITY | 1,699 | 1,564 | 1,428 | 1,345 | 1,271 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Amortization of Financing Costs | 3 | 2 | 2 | 2 | 1 | |
| Stock Compensation Expense | 5 | 5 | 5 | 5 | 3 | |
| Provision for Uncollectible Notes and Other Receivables | 2 | 2 | 2 | 2 | 1 | |
| Loss on Investment in Joint Ventures | 816,000 | 895,000 | 1 | 756,000 | — | |
| Inventory of Manufactured Homes | −7 | −2 | 56 | −65 | 2 | |
| Notes and Other Receivables, net of notes acquired with acquisitions | −15 | −13 | −16 | −13 | −10 | |
| Prepaid Expenses and Other Assets | 218,000 | −558,000 | 4 | −636,000 | −2 | |
| Accounts Payable | −2 | 2 | −281,000 | 2 | −116,000 | |
| Accrued Liabilities and Deposits | −976,000 | −26,000 | −2 | −310,000 | −134,000 | |
| Tenant Security Deposits | 808,000 | 484,000 | 1 | 565,000 | 487,000 | |
| Net Cash Provided by Operating Activities | 82 | 82 | 120 | −7 | 65 | |
| Purchase of Manufactured Home Communities, net of mortgages assumed | −43 | 0 | −4 | −66 | −18 | |
| Purchase of Investment Property and Equipment | −114 | −92 | −124 | −81 | −59 | |
| Proceeds from Sales of Investment Property and Equipment | 4 | 5 | 3 | 3 | 3 | |
| Additions to Land Development Costs | −58 | −49 | −38 | −27 | −27 | |
| Purchase of Marketable Securities through automatic reinvestments | −27,000 | −24,000 | −23,000 | −19,000 | −18,000 | |
| Proceeds from Sales of Marketable Securities | 6 | 36,000 | 4 | 56 | 17 | |
| Investment in Joint Ventures | −3 | −4 | −7 | −10 | −9 | |
| Net Cash Used in Investing Activities | −209 | −140 | −166 | −125 | −94 | |
| Proceeds from Mortgages, net of mortgages assumed | 193 | 0 | 58 | 60 | 6 | |
| Net Payments from Short-Term Borrowings | −1 | −65 | −60 | 107 | −40 | |
| Principal Payments of Mortgages and Loans | −120 | −12 | −70 | −24 | −26 | |
| Proceeds from Bond Issuance | 80 | 0 | 0 | 103 | 0 | |
| Financing Costs on Debt | −8 | −645,000 | −2 | −7 | −167,000 | |
| Proceeds from At-The-Market Preferred Equity Program, net of offering costs | 2 | 28 | 56 | 9 | 53 | |
| Proceeds from At-The-Market Common Equity Program, net of offering costs | 44 | 221 | 146 | 101 | 179 | |
| Proceeds from Issuance of Common Stock in the DRIP, net of dividend reinvestments | 6 | 7 | 6 | 5 | 6 | |
| Repurchase of Common Stock | −5 | 0 | 0 | 0 | 0 | |
| Proceeds from Exercise of Stock Options | 535,000 | 3 | 734,000 | 4 | 9 | |
| Preferred Dividends Paid | −21 | −19 | −17 | −25 | −30 | |
| Common Dividends Paid, net of dividend reinvestments | −71 | −59 | −49 | −41 | −32 | |
| Net Cash Provided by Financing Activities | 99 | 103 | 69 | 48 | 126 | |
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | −28 | 44 | 24 | −84 | 96 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is UMH PROPERTIES, INC.'s CIK number?
UMH PROPERTIES, INC.'s SEC CIK number is 0000752642 (752642). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find UMH PROPERTIES, INC.'s SEC filings?
All of UMH PROPERTIES, INC.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did UMH PROPERTIES, INC. last report earnings?
UMH PROPERTIES, INC. (UMH) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001493152-26-020648). This is UMH PROPERTIES, INC.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is UMH PROPERTIES, INC.'s most recent earnings 8-K?
UMH PROPERTIES, INC.'s latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001493152-26-020648. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View UMH PROPERTIES, INC.'s latest earnings 8-K →
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