Stock Analysis

What UMH Properties (UMH)'s Mixed Q3 Results Mean for Shareholders

  • UMH Properties, Inc. reported its third quarter 2025 earnings, showing sales of US$57.77 million and revenue of US$66.92 million, both higher than the same period last year, while net income declined to US$9.34 million from US$12.96 million.
  • Despite increased top-line performance, the company’s quarterly profit per share decreased year over year, presenting a mixed results picture in the latest financial update.
  • With this revenue growth but reduced net income, we’ll examine how the quarter’s profit trend may impact UMH’s investment narrative.

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UMH Properties Investment Narrative Recap

To be a UMH Properties shareholder, you need confidence in the long-term demand for affordable manufactured housing and belief that UMH can expand its footprint through acquisitions and development. The latest earnings show strong revenue growth but a dip in quarterly profits, and this does not materially change the main short-term catalyst: regulatory momentum making new community development easier. However, the biggest near-term risk remains the company’s dependence on sourcing new deals, with no properties currently under contract, which could limit growth if prolonged.

Among recent announcements, UMH’s acquisition of a 130-homesite community in Albany, Georgia stands out as directly relevant to the quarter’s themes. This aligns with their focus on acquiring and expanding into new regions, supporting top-line revenue growth, although the integration and occupancy challenges speak to the continuing importance of successful deal execution for the business’s near- and medium-term results.

By contrast, investors should be aware that ongoing uncertainty in securing more acquisitions leaves UMH’s revenue growth rate...

Read the full narrative on UMH Properties (it's free!)

UMH Properties' outlook projects $327.1 million in revenue and $32.3 million in earnings by 2028. This is based on a 9.4% annual revenue growth rate and an increase in earnings of $21.8 million from the current $10.5 million.

Uncover how UMH Properties' forecasts yield a $19.25 fair value, a 30% upside to its current price.

Exploring Other Perspectives

UMH Community Fair Values as at Nov 2025
UMH Community Fair Values as at Nov 2025

Six recent fair value estimates from the Simply Wall St Community range from US$9.11 to US$4,999.73 per share, reflecting highly diverse views. While many are focused on future acquisitions as a growth driver, continued uncertainty about new deal closings could have a bigger impact than some expect.

Explore 6 other fair value estimates on UMH Properties - why the stock might be worth 39% less than the current price!

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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About NYSE:UMH

UMH Properties

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that currently owns and operates 144 manufactured home communities containing approximately 26,800 developed homesites, of which 10,600 contain rental homes, and over 1,000 self-storage units.

Established dividend payer and good value.

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