UMH stock posts Q3 loss as income rises 11 percent

Published on 11/03/2026 at 02:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UMH Properties posted stronger third-quarter operating figures but swung to a common-shareholder loss. Management tightened its 2026 outlook.

Results show operating growth and earnings pressure

UMH Properties lifted third-quarter total income and normalized FFO per diluted share year over year.
Common shareholders moved from a profit to a quarterly loss as expenses and non-cash items weighed on reported earnings.
Management narrowed its 2026 normalized FFO guidance range while retaining a midpoint of 1.01 US dollars per share.

UMH, US9030021037, Illustration mit AI erstellt.

UMH Properties reported stronger operating performance but weaker reported earnings for the third quarter ended September 30, 2026. In a release carried by StockTitan on November 2, the real estate investment trust said total income rose 11 percent year over year to 74.135 million US dollars for the quarter ended September 30.

Net loss attributable to common shareholders was 2.144 million US dollars, or 0.02 US dollars per diluted share, compared with net income of 4.211 million US dollars, or 0.05 US dollars per share, a year earlier. Total expenses increased to 60.514 million US dollars from 54.103 million US dollars.

Normalized FFO advances despite reported loss

Normalized funds from operations attributable to common shareholders increased 4 percent to 22.065 million US dollars, or 0.26 US dollars per diluted share, from 21.313 million US dollars, or 0.25 US dollars, in the prior-year quarter. UMH said this was the third consecutive quarter of year-over-year growth in normalized FFO per share.

Rental and related income rose 8 percent, sales of manufactured homes increased 29 percent and community net operating income grew 10 percent. Same-property occupancy improved to 88.8 percent from 88.5 percent, while the same-property expense ratio declined to 38.9 percent from 39.8 percent.

Guidance range narrows for 2026

Management narrowed its 2026 normalized FFO guidance to 0.99 to 1.03 US dollars per diluted share from 0.98 to 1.04 US dollars, leaving the midpoint at 1.01 US dollars. The company also cited 3,100 vacant sites and 2,400 acres available for future development as part of its growth pipeline.

UMH stock traded at 13.95 euros on Lang & Schwarz at 23:00 CET on Monday, November 2, 2026. The quote was 0.36 percent above the previous Lang & Schwarz close. Investors can follow the real-time quote of UMH stock.

UMH will discuss the results, current market conditions and its outlook during a webcast and conference call on Tuesday, November 3, 2026, at 10:00 a.m. Eastern Time.

UMH focuses on manufactured housing

UMH Properties is a US public equity REIT headquartered in Freehold, New Jersey. It owns and operates 145 manufactured home communities with approximately 27,300 developed homesites, including 11,400 rental homes, and more than 1,000 self-storage units across several US states.

The company is a focused manufactured-housing operator, while Sun Communities and Equity LifeStyle Properties provide larger, broader platforms in the same sector. American Homes 4 Rent is another US residential real estate peer, with a different emphasis on single-family rental homes.