UMH Properties Q3 income rises 11%, beats estimates

Overview

• U.S. manufactured home REIT's Q3 total income rose 11% yr/yr, beating analyst expectations

• Normalized FFO per diluted share grew 4% yr/yr to $0.26

• Company posted Q3 net loss attributable to common shareholders, reversing a profit last year

Outlook

• UMH tightens 2026 Normalized FFO per share guidance to $0.99-$1.03, midpoint unchanged at $1.01

• Company expects 2026 net income per diluted share of $0.05-$0.09

• UMH anticipates the Road to Housing Act will be a major tailwind for the industry

Result Drivers

• RENTAL AND RELATED INCOME - Co said rental and related income increased by 8% in the quarter

• MANUFACTURED HOME SALES - Co said sales of manufactured homes rose 29%, including sales at Honey Ridge

• COMMUNITY NOI - Co said both community net operating income and same property community NOI increased by 10%

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the residential reits peer group is "buy"

• Wall Street's median 12-month price target for UMH Properties Inc is $18.00, about 18.8% above its October 30 closing price of $15.15

• The stock recently traded at 92 times the next 12-month earnings vs. a P/E of 95 three months ago

Reuters Recommended Reads

• Nov 2 - AH Realty Trust raises 2026 outlook

• Nov 2 - Sabra Health Care REIT Q3 revenue rises year-over-year

• Nov 2 - Realty Income's Q3 revenue beats; raises 2026 AFFO per share outlook

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)