UMH Properties
- Company typePublic
- Founded1968
- HeadquartersFreehold, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
What UMH Properties does
UMH Properties, Inc. is a publicly traded real estate investment trust (NYSE: UMH) organized in 1968 and headquartered in Freehold, New Jersey. The company owns and operates 145 manufactured home communities containing approximately 27,100 developed homesites across 12 U.S. states, including 10,800 homesites occupied by company-owned rental homes and over 1,000 self-storage units. Three communities (in Florida and Pennsylvania) are operated through a joint venture with Nuveen Real Estate.
The company's core products are land-lease community lots, manufactured home sales (priced from approximately $28,000 to $239,000+), and manufactured home rentals (starting at $800 per month). UMH operates a vertically integrated platform with home distribution handled through its website (umh.com), on-site community sales centers, and a wholly-owned financing subsidiary (UMH Sales and Finance, Inc., NMLS 200331) that refers consumer financing to preferred third-party lenders. Revenue is generated primarily through recurring monthly lot rent, with same-property NOI growth of 7.1% in Q1 2026 driven by 5% rent increases and 88-89% occupancy.
The business model is asset-heavy and capital-markets driven. FY2025 total income was approximately $261.8 million, up 9% year-over-year, with normalized FFO of $80.1 million. The company funds growth through a combination of a $260 million unsecured revolving credit facility with a $340 million accordion, a Fannie Mae credit facility (latest addition secured $91.8 million at 5.46% over 9 years in November 2025), and joint venture capital from Nuveen. UMH has paid dividends for 37 consecutive years and posted a 10-year total shareholder return of 159.5%, while targeting working families, retirees, and individual homebuyers priced out of conventional site-built housing.
UMH Properties firmographics
Firmographics- Name
- UMH Properties
- Legal name
- UMH Properties, Inc.
- Website
- https://umh.com
- Company type
- Public
- Founded year
- 1968
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
UMH Properties industry classification
Industry- Product category
- Manufactured Housing REIT
- NAICS
- Real Estate Property Managers (53131), Residential Property Managers (531311), Manufactured (Mobile) Home Dealers (459930)
- SIC
- Real Estate Investment Trusts (6798), Real Estate Agents & Managers (For Others) (6531)
- akta.pro primary industry
- Affordable Housing Property Management (BPAJAGAJ)
Keywords
Where UMH Properties is headquartered
LocationHeadquarters
- HQ city
- Freehold
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
UMH Properties business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Infrastructure, Marketing or Sales, Others
Revenue model
- Rental and Related Income: Rental income from manufactured home community lots and rental homes. This is the primary revenue driver, accounting for approximately $59.5 million in Q1 2026 with 9% year-over-year growth. Includes monthly lot rent payments from homeowners and rental income from company-owned homes.
- Home Sales Revenue: Revenue from selling manufactured homes to residents. Q1 2026 home sales revenue was $7.1 million, representing 6% growth. Homes are sold through UMH Sales and Finance, Inc., a wholly owned subsidiary.
- Self-Storage Operations: Revenue from over 1,000 self-storage units across their community portfolio, providing additional income streams to residents.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | One time | Entry-level manufactured homes starting at $28,000 |
| Unit Pricing | One time | Mid-range manufactured homes $98,000-$165,000 |
| Unit Pricing | One time | Premium/luxury manufactured homes $220,000+ |
| Subscription | Monthly | Rental homes available from $800/month |
Go-to-market motion1 record
Distribution channels3 records
Marketing channels5 records
UMH Properties product offering
Product offeringCore offering
UMH Properties is a publicly traded REIT that owns and operates 145 manufactured home communities containing approximately 27,100 developed homesites across 12 U.S. states. The company sells and rents manufactured homes within these land-lease communities, offers on-site self-storage units, and provides financing referrals through its wholly-owned subsidiary UMH Sales and Finance. Revenue is generated primarily through recurring monthly lot rent from residents and one-time manufactured home sales.
Product overview
UMH Properties operates as a manufactured home REIT offering a vertically integrated platform of home sales, rentals, and land-lease community management. The core offering consists of 145 manufactured home communities across 12 states where residents either purchase or rent homes on UMH-owned land. Supporting services include UMH Sales and Finance (wholly-owned financing subsidiary), over 1,000 self-storage units, and a resident referral program. The company also holds joint venture operations with Nuveen Real Estate covering communities in Florida and Pennsylvania.
Differentiator
Problem solved
Functional benefit
Products and services
- Manufactured Home Sales
Quantifiable outcome
- 8% total income growth in Q1 2026 and 9% income growth for full-year 2025
- +5 more outcomes
Companies that use UMH Properties
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
UMH Properties technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
UMH Properties partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Nuveen Real EstatecoreJoint venture partnership with Nuveen Real Estate for ownership and operation of manufactured home communities. Includes two communities in Florida containing 363 sites and one community in Pennsylvania containing 113 sites that UMH operates through the joint venture. Nuveen provides capital while UMH provides operational expertise.
Scale indicators9 records
Recent moves6 records
Expansion highlights5 records
UMH Properties competitors and assessment
Company assessmentPeers
- Casa Systems (manufactured housing arm of D.R. Horton):
Emerging players
- Dream Finders Homes: Dream Finders Homes (NYSE: DFH) is a publicly traded homebuilder with a stated focus on affordable and entry-level housing. It addresses the same affordability-driven customer base as UMH, though via site-built homes in master-planned communities rather than land-lease MH.
- Pretium Partners: Pretium Partners is a private investment manager with one of the largest single-family rental and manufactured housing platforms (Pretium MH). It is comparable as an aggressive acquirer and operator in the manufactured housing space, competing with UMH for assets and capital.
Direct peers
- Equity LifeStyle Properties: Equity LifeStyle Properties (NYSE: ELS) owns ~450 manufactured housing and RV communities across the U.S. It competes head-to-head with UMH in the MH land-lease niche and is comparable in customer base, revenue model (lot rent + home sales), and scale, though larger and more Sunbelt-weighted.
- Flagship Communities: Flagship Communities (NYSE: FLGM) is a manufactured housing community REIT owning ~80 communities concentrated in the Midwest and Southeast — overlapping with several of UMH's core states. It has a similar lot-rent model, though smaller in scale, making it a useful like-for-like comparable.
- Sun Communities: Sun Communities (NYSE: SUI) is the largest publicly traded manufactured housing and RV community REIT in the U.S., owning ~350+ communities across 40+ states. It is the closest direct competitor to UMH, sharing the same land-lease business model, lot-rent revenue stream, and tenant base.
- BRT Apartments Corp. BRT Apartments (NYSE: BRT) is a multifamily and manufactured housing community REIT with a sizable MH portfolio alongside its apartment holdings. Its MH segment operates under the same land-lease economics as UMH, making it a relevant comparable for lot-rent growth and occupancy trends.
Broad incumbents
- Invitation Homes: Invitation Homes (NYSE: INVH) is the largest U.S. single-family rental REIT with ~80,000 homes. While focused on site-built SFR rather than manufactured housing, it competes for the same affordable-rental renter and addresses similar housing-affordability themes as UMH's rental program.
- American Homes 4 Rent: American Homes 4 Rent (NYSE: AMH) is a major single-family rental REIT (~60,000 homes). It competes for rental-housing demand in many of the same Sunbelt-adjacent markets as UMH and provides a public-market benchmark for build-to-rent unit economics, though its homes are site-built.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
UMH Properties social profiles
Digital presenceUMH Properties financial estimates
Financial estimateRevenue estimate
Valuation estimate
UMH Properties leadership team
Management profileNumber of profiles
Profiles9 records
UMH Properties subsidiaries and ownership
Company hierarchySubsidiaries2 records
UMH Properties funding detail
Funding detailFunding overview
Funding rounds5 records
Investors1 record
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
UMH Properties M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about UMH Properties
What does UMH Properties do?
UMH Properties is a publicly traded REIT that owns and operates 145 manufactured home communities containing approximately 27,100 developed homesites across 12 U.S. states. The company sells and rents manufactured homes within these land-lease communities, offers on-site self-storage units, and provides financing referrals through its wholly-owned subsidiary UMH Sales and Finance. Revenue is generated primarily through recurring monthly lot rent from residents and one-time manufactured home sales.
Is UMH Properties a public or private company?
UMH Properties is a public company. It is classified as public and is currently operating.
When was UMH Properties founded?
UMH Properties was founded in 1968. It employs 101 to 250 people.
Where is UMH Properties based?
UMH Properties is headquartered in Freehold, United States, in the North America region.
How does UMH Properties make money?
Three revenue lines are on record. Rental and Related Income is the primary driver. The others are home Sales Revenue and self-Storage Operations.
Who are UMH Properties's main competitors?
Casa Systems (manufactured housing arm of D.R. Horton) is listed as a peer. Emerging players are Dream Finders Homes and Pretium Partners. Direct peers are Equity LifeStyle Properties, Flagship Communities, Sun Communities and BRT Apartments Corp.. Broad incumbents are Invitation Homes and American Homes 4 Rent.
Does UMH Properties have an API?
No public API is recorded for UMH Properties.
What industry is UMH Properties in?
UMH Properties's product category is Manufactured Housing REIT. Its primary akta.pro industry code is BPAJAGAJ, Affordable Housing Property Management. Its NAICS code is 53131 and its SIC code is 6798.