UMH Properties Inc. Releases Strong Fourth Quarter and Full Year 2025 Operations Update

UMH Properties Inc. (NYSE: UMH), recognized for its specialization in manufactured home communities, has released a robust operational update for the fourth quarter and full year of 2025. The company reports significant increases in both occupancy and revenue, reflecting strategic growth and market demand.

During the fourth quarter of 2025, UMH added 170 new homes to its rental portfolio, bringing the total new homes added for the year to 717. This growth translated into a total of approximately 11,000 rental homes owned by UMH, with a commendable occupancy rate of 93.8%. The company also noted a notable increase in same property occupancy, which rose by 33 units in the fourth quarter and by 354 units year-over-year, culminating in an occupancy rate of 88.3%.

UMH reported gross home sales revenue of $9.2 million for the fourth quarter, marking a 7% increase from $8.6 million in the same period last year. For the full year, gross home sales revenue reached approximately $36.3 million, an 8% increase compared to $33.5 million in 2024. Additionally, rental and related income for the fourth quarter was $57.7 million, an increase of 8% from $53.3 million a year earlier. On an annual basis, rental and related income grew to $226.2 million from $207.0 million, reflecting a 9% increase.

The company highlighted that the same property rental and related income for the fourth quarter was $56.2 million, representing a 7% increase year-over-year, while the annual figure rose to $221.1 million from $204.7 million, an 8% growth. The increases in occupancy and rental rates were driven by strategic investments and effective management.

In line with its growth strategy, UMH completed the acquisition of a manufactured home community in Albany, Georgia, for $2.6 million during the quarter. This purchase added 130 developed homesites to its portfolio, with 32% currently occupied. Throughout the year, UMH acquired a total of five communities for a combined price of $41.8 million, encompassing 587 developed homesites with a 78% occupancy rate.

The company also successfully raised $80.2 million through an offering of 5.85% Series B Bonds due 2030, with proceeds earmarked for working capital and corporate purposes. Furthermore, UMH refinanced 17 communities, generating $193.2 million at a favorable weighted average interest rate of 5.67%. These funds were utilized to pay down existing debt, invest in rental home initiatives, and facilitate community acquisitions.

In a move to enhance shareholder value, UMH executed a buyback of 300,000 shares through its Common Stock Repurchase Program at an average price of $14.97 per share, totaling $4.5 million. Additionally, the company divested 100,000 shares of Realty Income Corporation from its securities portfolio, generating approximately $5.7 million in gross proceeds.

Samuel A. Landy, President and CEO of UMH Properties, expressed pride in the company’s performance, citing a substantial increase in occupancy and revenue driven by demand for high-quality communities. He emphasized that UMH currently has 140 homes ready for occupancy, with another 330 homes in setup, positioning the company well for continued growth in 2026.

Landy remarked, “Our total investment in these communities was approximately $140 million, valued at approximately $309 million, demonstrating an impressive 121% increase in value.” He conveyed confidence in the company's ability to sustain earnings growth moving forward.

UMH Properties plans to report its detailed Fourth Quarter and Full Year 2025 results on February 25, 2026. The company is optimistic about its future prospects and aims to maintain its trajectory of growth in the manufactured home community market.

As UMH continues to capitalize on its strategic investments and operational efficiencies, stakeholders can anticipate further developments that align with the company's commitment to value creation and operational excellence.