Lumida
/UMH
⌘K
UMH Properties Inc

UMH Properties Inc

UMH
$15.69USD↓-1.20%-0.19 today

MARKET CAP

1.3B

P/E (TTM)

156.9x

FWD P/E

114.8x

DAY RANGE

$16 – $16

52W RANGE

$14
$17

AI Summary

Stalk
StalkMedium

UMH remains in an early Stage 1 consolidation following a terminal decline, with an initial Momentum Breakout signaling emerging demand but no sustained HH/HL structure. However, price is extended above the repaired 9/21 EMA zone and tagged extreme overbought, making immediate execution unfavorable. The medium-term bias is bullish on corrective pullbacks into the EMA cluster and prior resistance—so we will defer entry and stalk for a pullback into that support area.

  • ↑Q2 total revenue rose 10% to $66.6 M; FFO remained $0.23 per share.
  • ↑Occupancy climbed to ~87.2% with 3,400 vacant sites offering upside.
  • ↓Average interest rate climbed to 4.39%, increasing debt service costs.
Full analysis →

The case for & against

Bull & Bear analysis

Bullish

UMH Properties, Inc. (NYSE: UMH) operates within the manufactured housing sector, focusing on the acquisition, development, and management of manufactured home communities. With a portfolio of 145 communities across key market areas, UMH is strategically positioned to contribute to the rising demand for affordable housing amidst ongoing supply shortages. The company's business model capitalizes on providing high-quality living solutions while adapting to economic and regulatory trends impacting the housing market.

Bull says

  • ↑Q2 total revenue rose 10% to $66.6 M; FFO remained $0.23 per share.
  • ↑Occupancy climbed to ~87.2% with 3,400 vacant sites offering upside.
  • ↑Plans to develop 150+ new sites and convert rentals to drive NOI growth.
  • ↑Dividend yield ~0.87% appeals to income investors amid stable cash flow.
  • ↑Removal of chassis requirement boosts building capacity and market competitiveness.
  • ↑Low book-to-price ratio (~0.49) and strong dividend factor suggest undervaluation.

Bear says

  • ↓Average interest rate climbed to 4.39%, increasing debt service costs.
  • ↓Community operating expenses rose ~10% YoY, pressuring profit margins.
  • ↓Negative earnings yield factor implies valuation stretched vs. earnings potential.
  • ↓Local resistance in southern markets may slow occupancy and collections.
  • ↓Profitability and earnings‐yield factors signal headwinds amid execution risk.
  • ↓Low institutional ownership and negative analyst revisions add downside risk.

Investment themes with UMH

Residential REITs↑ +0.00%

Stable income from diversified rental housing portfolios

WELL · PSA · VTR

Earnings Call · Q1 2026 · Mgmt. Guidance

Updated 05-03-2026neutral

Transcript signals

Bull points

  • We are pleased to report solid operational results for the quarter, which we expect to continue to grow throughout the year.
  • occupancy improved meaningfully
  • As we continue to fill rental homes and generate increased sales profits, our earnings should increase in the quarters to come.

Bear points

  • In addition to the 10-Q that we filed with the SEC yesterday, we have filed an unaudited first quarter supplemental information presentation.
  • This supplemental information presentation, along with our 10-Q, are available on the company's website at umh.reit.
  • In addition, during today's call, we will be discussing non-GAAP financial metrics.
Read full transcript analysis ›