UMH Properties, Inc. (UMH)
NYSEReal EstateReit - ResidentialSnapshot 2026-09-04
$15.950.00%
Close 2026-09-04 · 1-day change
NYSEReal EstateReit - ResidentialSnapshot 2026-09-04
Broken: Primary pillar broken — FFO per share guidance range tightened to $0.98-$1.04: FFO guidance $0.92-$0.98 vs target $0.98-$1.04.
UMH owns 124 manufactured home communities with 23,400 lots. Management aims to tighten FFO guidance to about $1.01 per share in 2026. They plan to grow by completing acquisitions. The new CFO hire supports better financial management.
UMH trades at a very high PE of 154 times. Revenue growth is slow and stable near $66 million. Debt and credit facility changes may add financial risk.
The price is about 21% above our fair value near $13. Analysts expect 9% revenue growth, which is reasonable versus our 6.5% implied growth.
Breaks if: No acquisitions completed for more than 4 quarters
Breaks if: FFO guidance range widens beyond $0.97-$1.05 or misses midpoint
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a durable compounder with a focus on rental income and occupancy growth. The current thesis state is mixed, as management has shown progress but operates in a volatile sector with high expectations.
The market appears to have priced in a premium compared to peers, indicating expectations of continued growth. However, this premium may be unjustified given the current headwinds in the sector and the company's mixed guidance.
Management has been delivering consistent growth in rental income and occupancy, with recent earnings showing a positive trend. However, there is a moderate risk of missing guidance, which could impact future performance.
The long-term thesis hinges on management's ability to maintain growth in rental income and occupancy, as well as external factors like interest rate changes and performance of sector peers. A cut in guidance could negatively impact sentiment.
The most important moves since the prior daily snapshot.
Mixed, the news cuts both ways. The company tightened its FFO guidance range. This supports its efforts to normalize financial performance. However, there are concerns about capital allocation. A potential sale process could disrupt its strategy. The company also faces challenges in growing rental income and occupancy.
as of 2026-09-04
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Breaks if: Credit facility not extended or materially worsened terms
Over the next 1 to 3 years, UMH's performance will depend on its execution of growth strategies and external economic conditions. Not investment advice.