UMH Properties Q2 total income rises 7%, beats estimates - UMH News | RalliesUMH Properties Q2 total income rises 7%, beats estimates
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UMH• 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
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
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 | |
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
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