UMH PROPERTIES, INC. SECOND QUARTER 2026 OPERATIONS UPDATE
UMH Properties reported strong preliminary operating results for the second quarter, with total rental income increasing 10.3% year-over-year and same-store income rising 9.2%. The company achieved a quarterly home sales record of $11.4 million, up 9.2% from the prior year, while net rental home occupancy grew by 139 units. The company strengthened its financial position by issuing approximately 353,000 shares of Series D Preferred stock for $7.6 million in gross proceeds. Additionally, UMH amended and extended its unsecured revolving credit facility, increasing total potential availability to $600 million and reducing interest rates by 35-40 basis points.
Key figures
- Cap rate new
- 6.0%
- Rental homes owned
- 11200
- Credit line capacity
- $260 million
- Credit line accordion
- $340 million
- Home sales growth yoy
- 9.2%
- Preferred shares sold
- 353000
- New rental homes rented
- 193
- Community occupancy rate
- 89.0%
- Preferred gross proceeds
- $7.6 million
- Preferred offering price
- $21.61
- Home sales income q2 2025
- $10.5 million
- Home sales income q2 2026
- $11.4 million
- Rental home occupancy rate
- 95.3%
- Credit line total potential
- $600 million
- Interest rate reduction bps
- 35-40 basis points
- Same property occupancy rate
- 89.4%
- Total rental income growth yoy
- 10.3%
- Net rental home occupancy increase
- 139
- Same store rental income growth yoy
- 9.2%
AI analysis
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