UMH Properties, Inc. reported a 9.2% increase in home sales income to $11.4 million for the second quarter of 2026, up from $10.5 million in the prior year's second quarter. The real estate investment trust also achieved a 10.3% rise in total rental and related income compared to the same period in 2025. Same store rental and related income grew by 9.2% for July 2026 compared to July 2025. The company attributes this growth to strong demand for its high-quality communities and a growing sales pipeline.

Operational Highlights

During the quarter, UMH Properties rented 193 new rental homes, increasing net rental home occupancy by 139 units. The company now owns approximately 11,200 rental homes with an occupancy rate of 95.3%. Same property occupancy increased by 97 units during the quarter to reach 89.4%, while overall community occupancy stood at 89.0%. For the first half of the year, same property occupancy increased by 430 units. UMH Properties currently has 100 homes on site ready for occupancy and another 300 homes being set up to drive additional occupancy and revenue growth in the third quarter of 2026 and beyond.

Capital Structure Updates

UMH Properties strengthened its balance sheet through capital markets activities. The company issued and sold approximately 353,000 shares of its Series D Preferred stock through a Preferred At-The-Market sale program. The shares were sold at a weighted average price of $21.61 per share, generating gross proceeds of $7.6 million.

Additionally, the company amended and extended its unsecured revolving line of credit. The facility now provides for $260 million in available borrowings and includes a $340 million accordion feature, bringing total potential availability to $600 million. The amended line features a four-year term with an additional one-year option. The interest rate on the line was reduced by approximately 35 to 40 basis points, depending on the leverage ratio, and the capitalization rate applied to the Net Operating Income of unencumbered communities was lowered from 6.5% to 6.0%.

Financial and Operational Metrics

Samuel A. Landy, President and CEO of UMH Properties, Inc., noted that the company anticipates continued growth throughout the remainder of the year. The company stated that the financial information provided reflects preliminary estimates and may vary from actual results for the second quarter ended June 30, 2026. UMH Properties plans to release its full second quarter results on August 5, 2026, after the close of trading on the New York Stock Exchange. A conference call to discuss the results is scheduled for August 6, 2026.

UMH Properties, Inc. has declared quarterly cash dividends for both its Common Stock and 6.375% Series D Cumulative Redeemable Preferred Stock, payable to shareholders of record on August 17, 2026. The Board of Directors set the Common Stock dividend at $0.225 per share, reflecting an annual rate of $0.90 per share. For the Series D Preferred Stock, the dividend is $0.3984375 per share for the period from June 1, 2026, through August 31, 2026, with an annual rate of $1.59375 per share.

The dividend payments are scheduled for September 15, 2026. Series D preferred share dividends are cumulative and payable quarterly. UMH Properties, organized in 1968, operates as a public equity REIT managing 145 manufactured home communities with approximately 27,100 developed homesites.

Dividend Details

Operational Overview

UMH Properties owns and operates communities across 11 states, including New Jersey, New York, Ohio, and Pennsylvania. The portfolio includes over 1,000 self-storage units and 11,200 rental homes within its developed sites. The company holds an ownership interest in three communities through joint ventures with Nuveen Real Estate, comprising 363 sites in Florida and 113 sites in Pennsylvania.