UMH Properties Boosts Revenue and Strengthens Balance Sheet in Q2 2026 — UMH Properties, Inc.

Event summary

Total rental and related income increased by 10.3% year-over-year, with same-store growth at 9.2%.
Home sales income rose by 9.2%, reaching $11.4 million in Q2 2026.
Occupancy rates improved, with net rental home occupancy increasing by 139 units and community occupancy at 89.0%.
UMH issued 353,000 shares of Series D Preferred stock, raising $7.6 million in gross proceeds.
Revolving line of credit expanded to $260 million with a $340 million accordion feature, reducing capitalization rate from 6.5% to 6.0%.

The big picture

UMH Properties is capitalizing on strong demand in the manufactured housing sector, driving revenue growth and improving occupancy rates. The company's strategic moves to strengthen its balance sheet through preferred stock issuance and an expanded revolving line of credit position it for further expansion amid a competitive real estate landscape.

What we're watching

Revenue Growth: How sustained demand for manufactured homes will affect UMH's revenue trajectory in the second half of 2026.
Occupancy Expansion: Whether UMH can maintain high occupancy rates while filling its 3,200 vacant sites and developing 2,300 acres of land.
Financial Flexibility: The pace at which UMH will deploy its expanded credit line for acquisitions or community expansions.