UMH Properties Reports 8% Increase in 2025 Sales Revenue to $36.3 Million
During the quarter, 170 new homes were added and rented. For the year, 717 new homes were added and rented. This includes rental home additions to our joint venture communities. UMH now owns approximately 11,000 rental homes with an occupancy rate of 93.8%. Same Property occupancy increased by 33 units during the fourth quarter and increased by 354 units over last year to 88.3%. The company said, "We achieved gross home sales revenue of $9.2 million for the quarter, including homes sales at Honey Ridge which is our newly opened community through our joint venture with Nuveen Real Estate, compared to $8.6 million in the same period last year, representing an increase of 7%. For the year, we achieved gross sales revenue of approximately $36.3 million, including Honey Ridge, as compared to $33.5 million in the previous year, representing an increase of 8%." Samuel Landy, President and CEO of UMH Properties, stated "UMH had an exceptional year in 2025. This year was highlighted by an increase in same property occupancy of 354 units, driven by the addition of 717 revenue generating rental homes, an increase in sales of 8%, the acquisition of five communities in our target markets and the successful refinancing of 17 communities which demonstrates the long-term value creation of our business plan. Our high-quality communities continue to experience strong demand for sales and rental homes, which is driving increased occupancy and sales results. We currently have 140 homes on site and ready for occupancy with another 330 homes being set up. This inventory will allow us to drive additional occupancy and revenue growth in the first quarter of 2026 and beyond. We successfully refinanced 17 communities for total proceeds of $193.2 million. This capital was used to repay existing debt, invest in our rental home program, capital improvements, acquire new communities and buy back our common stock. It's important to note that the appraisals conducted for the refinancing demonstrate the value created by our business plan. Our total investment in these communities was approximately $140 million, or $37,000 per site, and they were valued at approximately $309 million, or $82,000 per site, generating an increase in value of $169 million, representing an increase of 121% in value. "We are confident that the investments we have made in our portfolio will lead to continued earnings per share growth in the quarters to come. We are proud of our results and commend our team for their hard work in 2025."
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- Company Announcement: U M H Properties, Inc. has announced a new treatment for their 2025 distributions.
- Focus on Future: The announcement indicates a strategic move towards enhancing their distribution strategy for the upcoming year.
- Quarterly Dividend Announcement: UMH Properties declared a quarterly dividend of $0.225 per share, consistent with previous distributions, demonstrating the company's ongoing ability to maintain stable cash flow, which is expected to bolster investor confidence.
- Yield Performance: The forward yield of 5.57% from this dividend is attractive in the current market environment, likely drawing interest from income-seeking investors and enhancing shareholder returns.
- Rental Growth Potential: UMH anticipates an $11 million revenue growth potential through a 5% annual rent increase, indicating the company's capacity for expansion and profitability in a high-demand market.
- Leasing Market Dynamics: UMH reported increases in January same-property rental and related income due to occupancy gains, reflecting the company's competitiveness and solid growth foundation in the leasing market.
Key Issue of Affordability: Affordability is a major concern for Americans in 2026, particularly regarding housing, as high home prices and challenging mortgage rates continue to affect first-time buyers.
Supply and Demand Challenges: The housing market faces significant supply and demand issues, with many Americans priced out of conventional homes, leading to an urgent need for affordable housing solutions.
Manufactured Housing as a Solution: Manufactured housing presents a compelling option, offering lower costs and faster construction times, which can help meet the demand for affordable homes and provide reliable income streams for investors.
Investment Opportunities and Risks: Companies like Sun Communities, Champion Homes, and UMH Properties are positioned to benefit from the growing demand for manufactured housing, but they also face risks from regulatory pressures, interest rate sensitivity, and zoning challenges.
- Earnings Release Schedule: UMH Properties will release its Fourth Quarter and Full Year 2025 financial results after the market closes on February 25, 2026, showcasing the company's performance in the manufactured home community sector and providing critical market insights for investors.
- Management Conference Call: Senior management will host a webcast and conference call on February 26, 2026, at 10:00 a.m. ET to discuss the financial results, current market conditions, and future outlook, aiding investors in understanding the company's strategic direction.
- Participation Details: Investors can join the webcast via the Upcoming Events section on UMH's website or by calling 877-513-1898 (domestic) or 412-902-4147 (international), ensuring broad investor engagement in the discussion.
- Replay and Transcript: The conference call replay will be available at 12:00 p.m. ET on February 26, 2026, accessible by dialing 877-344-7529 (domestic) or 412-317-0088 (international), enhancing information transparency for stakeholders.
- Earnings Release Schedule: UMH Properties will release its Fourth Quarter and Full Year 2025 financial results after market close on February 25, 2026, followed by a webcast on February 26, 2026, at 10:00 a.m. ET to discuss current market conditions and future outlook, aiming to enhance investor understanding of the company's financial health.
- Participation Details: Investors can join the webcast via the Upcoming Events section on the company's website or participate in the conference call by dialing 877-513-1898 (domestic) or 412-902-4147 (international), ensuring timely access to the latest company updates.
- Replay and Transcript: The conference call replay will be available at 12:00 p.m. ET on February 26, 2026, accessible by calling 877-344-7529 (domestic) or 412-317-0088 (international) and entering passcode 1544518, facilitating information access for those unable to attend live.
- Company Overview: Established in 1968, UMH Properties is a public equity REIT that owns and operates 145 manufactured home communities, offering approximately 27,000 developed homesites, of which 11,000 are rental homes, demonstrating its extensive footprint and influence in the manufactured housing market across multiple states.

- Rental Home Growth: In 2025, UMH Properties added 717 rental homes, driving a year-over-year increase of 354 units in same property occupancy to 88.3%, significantly enhancing the company's competitive position in the manufactured home community market.
- Sales Revenue Increase: The company achieved gross sales revenue of $9.2 million in the fourth quarter, a 7% increase from the previous year, with total annual sales revenue reaching $36.3 million, reflecting an 8% growth and indicating strong market demand recovery.
- Successful Refinancing: UMH successfully refinanced 17 communities, generating total proceeds of $193.2 million, which were utilized to pay off existing debt and invest in rental home programs, further solidifying its financial foundation.
- Share Buyback: In the fourth quarter, UMH repurchased 300,000 shares through its stock repurchase program at a cost of $4.5 million, demonstrating the company's confidence in its value and commitment to its shareholders.







