UMH PROPERTIES, INC.

What UMH PROPERTIES, INC. does

UMH Properties, Inc. is a public equity real estate investment trust (REIT) headquartered in Freehold, New Jersey, that owns and operates a portfolio of 145 manufactured home communities containing approximately 27,100 developed homesites, of which 11,200 contain rental homes, plus over 1,000 self-storage units. Founded in 1968 and public since 1985 (NYSE and TASE: UMH; member of the MSCI REIT Index), the company serves workforce and affordable-housing residents across twelve states in the Northeast, Midwest, and Southeast United States, with an additional 2,400 acres of land banked for future development and 3,200 vacant sites available for organic growth.

The company's revenue model blends recurring site rent with home sales and ancillary fees. Rental and related income is the primary revenue stream, supplemented by manufactured home sales through its wholly owned subsidiary UMH Sales and Finance, Inc. (a Pennsylvania-licensed entity under NMLS 200331), self-storage operations across the portfolio, and asset and property management fees generated by the UMH OZ Fund, a Qualified Opportunity Zone vehicle. In Q2 2026, total income reached $71.6 million ($137.5 million for H1 2026), same-property occupancy rose 110 basis points to 89.4%, rental income grew 9%, and Community NOI grew 8%, demonstrating operating leverage as occupancy normalizes.

UMH's go-to-market combines a captive in-house sales channel with patient third-party capital. The Nuveen Real Estate joint venture provides co-investment capacity (currently covering three communities and 476 sites in Florida and Pennsylvania), while the at-the-market preferred stock program and Dividend Reinvestment and Stock Purchase Plan supply ongoing equity capital. Marketing is oriented around investor relations, community drone and interview videos, and earned media, with the underlying value proposition centered on affordable, recession-resilient workforce housing rather than technology differentiation.

Name

UMH PROPERTIES, INC.

Legal name

UMH Properties, Inc.

Website

https://umh.reit

Company type

Public

Founded year

1968

Operating status

Operating

Short description

UMH Properties is a public equity REIT that owns and operates 145 manufactured home communities with approximately 27,100 homesites and 11,200 rental homes across twelve U.S. states, serving workforce and affordable-housing residents through site rent, in-house home sales, and a Nuveen joint venture.

Ownership category

akta.pro rank

Product category

Manufactured Housing REIT

NAICS

Residential Property Managers (531311)

SIC

Real Estate Investment Trusts (6798)

akta.pro primary industry

Residential Real Estate Asset Management (BPAJAMAA)

akta.pro secondary industry

HOA / Condominium Association Management (BPAJAFAH)

Keywords

• Manufactured housing communities
• Affordable rental homes
• Self-storage facilities
• Residential REIT
• Workforce housing

Headquarters

HQ city

Freehold

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Marketing or Sales, Others

Revenue model

1. Rental Income: Primary revenue from rental and related income from manufactured home communities. In Q2 2026, Rental and Related Income increased by 9%. The company owns 145 manufactured home communities with approximately 27,100 developed homesites, of which 11,200 contain rental homes.
2. Sales of Manufactured Homes: Sales of manufactured homes through UMH Sales and Finance, Inc. subsidiary. In Q2 2026, sales increased to $11.5 million compared to $10.5 million last year, representing a 10% increase.
3. Self-Storage Operations: Over 1,000 self-storage units across the portfolio of manufactured home communities.
4. Asset Management and Property Management Fees: UMH OZ Fund generates asset management fees and property management fees from investors' portions of investments.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels6 records

Core offering

UMH Properties owns and operates a portfolio of 145 manufactured home communities containing approximately 27,100 developed homesites across 11 states (New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia). The company generates revenue primarily through rental income from approximately 11,200 rental homes and site leases, plus over 1,000 self-storage units, and secondarily through sales of manufactured homes via its wholly owned subsidiary UMH Sales and Finance, Inc. The company also operates the UMH OZ Fund, a Qualified Opportunity Zone investment vehicle.

Product overview

UMH Properties, Inc. is a public equity REIT that operates a portfolio of 145 manufactured home communities with approximately 27,100 developed homesites. The company's core products include: (1) manufactured home community operations with approximately 11,200 rental homes and over 1,000 self-storage units across New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia; (2) UMH Sales and Finance, Inc., a wholly owned subsidiary that sells manufactured homes into UMH communities; (3) the UMH OZ Fund, a Qualified Opportunity Zone investment vehicle; and (4) a Dividend Reinvestment and Stock Purchase Plan. The company also owns approximately 2,400 acres of land for development of new sites.

Differentiator

Problem solved

Functional benefit

Brands

• UMH Sales and Finance, Inc. Wholly owned taxable REIT subsidiary that sells manufactured homes into UMH communities. Licensed by Pennsylvania Department of Banking, NMLS 200331.
• UMH OZ Fund

Products and services

• UMH Properties Manufactured Home Communities
• UMH Sales and Finance, Inc.
• UMH OZ Fund
• Dividend Reinvestment and Stock Purchase Plan

Quantifiable outcome

• Increased Net Income Attributable to Common Shareholders by 75% to $4.4 million in Q2 2026
• +4 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Nuveen Real EstatecoreStrategic or Co-development PartnerJoint venture partnership with Nuveen Real Estate for ownership and operation of manufactured home communities. Through the joint venture, UMH operates two communities in Florida containing 363 sites and one community in Pennsylvania containing 113 sites. The partnership provides access to additional sources of long-term patient capital for acquisitions.

Scale indicators12 records

Recent moves3 records

Expansion highlights5 records

Direct peers

• Equity LifeStyle Properties: ELS owns and operates manufactured housing communities, RV resorts, and marinas across the U.S. It shares UMH's core manufactured housing landlord model and overall resident profile, making it a key public-peer benchmark for occupancy, rental growth, and capital allocation.
• Sun Communities: Sun Communities is the largest publicly traded manufactured housing and RV community REIT in the U.S. It directly competes with UMH for manufactured housing community acquisitions, residents, and development opportunities and is the closest publicly traded comparable on business model, asset class, and tenant base.
• Flagship Communities Real Estate Investment Trust: Flagship Communities is a Canadian-listed REIT focused on owning and operating manufactured housing communities in the U.S., with a geographic overlap in the Midwest and Southeast. It is a direct competitor for community acquisitions and a useful smaller-scale comparable for UMH's growth strategy.

Others

• Greystar Real Estate Partners: Greystar is the largest multifamily property manager and developer globally with an expanding build-to-rent single-family rental business. It is an adjacent participant in the institutional residential rental landscape and competes for capital and management talent relevant to UMH's platform.
• Asset Living: Asset Living is one of the largest third-party multifamily property managers in the U.S. It is adjacent rather than directly competitive but useful for understanding competitive fee-based property management economics in affordable housing.

Broad incumbents

• Invitation Homes: Invitation Homes is the largest publicly traded single-family rental REIT. While not a manufactured housing peer, it competes for the same workforce renter pool and serves as a benchmark for institutional capital deployment in U.S. residential rentals.
• Tricon Residential: Tricon is a large single-family rental operator and recently announced acquisition by Blackstone. It targets a similar workforce tenant base and provides a useful comparison point for scaling an affordable rental housing platform, though it owns single-family homes rather than MH communities.
• American Homes 4 Rent: AMH is a publicly traded single-family rental REIT that operates in several of the same Sun Belt states as UMH. It provides a relevant public-market benchmark for Sun Belt workforce rental demand and capital structure.

Emerging players

• Front Yard Residential: Front Yard was a manufactured housing-focused rental REIT that was acquired in 2021. It is referenced as a historical direct peer and useful precedent for institutional capital structures targeting MH rental assets.
• Pretium Partners: Pretium is a large private investment manager with a major manufactured housing and single-family rental platform (including Frontier Communities and Progress Residential). It is a relevant emerging competitor and capital partner in the manufactured housing space.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/user/UMH2012/featured
• Facebookfacebook.com/UMHproperties
• Instagraminstagram.com/umhpropertiesinc
• Xtwitter.com/umhproperties
• Pinterestpinterest.com/umh_properties/overview

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about UMH PROPERTIES, INC.