UMH Properties beat third quarter 2026 revenue expectations and tightened its full-year FFO guidance

UMH Properties delivered a solid third quarter 2026, with total income of $74.1 million beating expectations and normalized FFO of $0.26 per share meeting targets. The REIT benefited from steady organic growth in its core rental portfolio and a robust 29% increase in manufactured home sales.

Key Highlights

• Rental and related income reached $62.4 million, up 8% year-over-year, supported by a 30-basis point increase in same-property occupancy to 88.8%.
• Community Net Operating Income (NOI) grew by 10% year-over-year, aided by an improved same-property expense ratio of 38.9%.
• Management tightened full-year 2026 normalized FFO guidance to a range of $0.99 to $1.03 per share, maintaining a $1.01 midpoint.