UMH Properties Q3 income rises 11%, beats estimates
UMH•UMH Properties’ third-quarter total income rose 11% year over year to $74.14 million, above the $68.37 million estimate. Normalized FFO per diluted share increased 4% to $0.26, while the company reported a $2.14 million net loss attributable to common shareholders.
1. Quarterly results
UMH Properties reported third-quarter total income of $74.14 million, up 11% year over year and above the $68.37 million analyst estimate. Normalized FFO per diluted share grew 4% to $0.26. The company posted a $2.14 million net loss attributable to common shareholders, compared with a profit a year earlier.
2. Operating results and outlook
Rental and related income increased 8%, manufactured home sales rose 29%, and both community net operating income and same-property community NOI increased 10%. UMH narrowed its 2026 Normalized FFO per share guidance to $0.99-$1.03, with the midpoint unchanged at $1.01, and expects 2026 net income per diluted share of $0.05-$0.09. The company anticipates the Road to Housing Act will be a major tailwind for the industry.
