Quarterly UpdatesJul 6, 2026, 04:12 PM
UMH Properties Q2 2026 Operating Results: Income Up, Sales Record $11.4M
AI Summary
UMH Properties, Inc. provided an update on its second quarter 2026 operating results, highlighting strong growth across key metrics. The company reported a 10.3% increase in total rental and related income and a record $11.4 million in home sales income for the quarter. Occupancy rates improved, with 193 new rental homes added and same property occupancy up 430 units year-to-date. Additionally, UMH strengthened its balance sheet by issuing $7.6 million in preferred stock and amending its revolving credit facility to increase availability and reduce interest costs.
Key Highlights
- Total rental and related income increased by 10.3% for July 2026 compared to July 2025.
- Home sales income rose 9.2% to $11.4 million in Q2 2026, a new quarterly record.
- Rented 193 new homes, increasing net rental home occupancy by 139 units.
- Same property occupancy increased by 430 units in the first half of the year.
- Issued 353,000 Series D Preferred shares, generating $7.6 million in gross proceeds.
- Amended credit line provides $260 million in borrowings with a $340 million accordion feature.
- Interest on the credit line was reduced by 35 to 40 basis points.
Price Impact
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