UMH Properties, Inc. (UMH) Earnings
UMH Properties, Inc. is expected to report next earnings on August 5, 2026 (in NaN days), with a consensus EPS estimate of $0.03. UMH has beaten EPS estimates in 5 of its last 12 reported quarters (average surprise +392.5% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 1, 2026 | $0.02 | $0.23 | +1050.0% | $66M | +10.9% |
| Feb 26, 2026 | $0.24 | $-0.19 | -180.2% | $67M | -1.6% |
| May 1, 2025 | $0.23 | $0.23 | +0.0% | $61M | -6.4% |
| Feb 26, 2025 | $0.03 | $0.24 | +700.0% | $241M | +302.7% |
| May 2, 2024 | $0.22 | $0.22 | +0.0% | $58M | -0.7% |
| Feb 28, 2024 | $0.21 | $0.23 | +9.5% | $57M | +0.0% |
| Feb 28, 2023 | $0.21 | $0.20 | -4.8% | $49M | -0.2% |
| Aug 3, 2022 | $0.19 | $0.16 | -15.8% | $49M | +2.6% |
| May 4, 2022 | $0.21 | $0.17 | -19.0% | $46M | +1.4% |
| Feb 24, 2022 | $0.02 | $0.22 | +1233.3% | $46M | -3.7% |
| Nov 3, 2021 | $0.22 | $0.23 | +4.5% | $48M | +19.2% |
| Aug 4, 2021 | $0.22 | $0.22 | +0.0% | $49M | +24.4% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 1, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Solid operational results for Q1, expect growth throughout the year. - Normalized FFO per share in line with last year despite financing and seasonal pressures. - Occupancy improved, same property NOI grew. - Home sales up 6%. - Invested in rental homes, expansions, acquisitions with future accretive earnings. - Fundamentals strong with growing occupancy and community results. - Plan to develop 300+ sites in 2026, $45M invested in expansion sites.
Guidance
Tightened NFFO guidance range to $0.98 to $1.04 per share (midpoint $1.01) from previous $0.97 to $1.05. Confident in delivering full year normalized FFO per share growth in mid single digit range.
Segment performance
Normalized FFO for Q1 2026 was 23 cents per share, same as last year. Rental and related income grew to $59.5 million, a 9% increase. Sales for the quarter were $7.1 million, a 6% increase. Same property revenue grew 7.6% or $4.1 million, same property NOI grew 7.1% or $2.3 million. Occupancy improved by 184 units to ~88%. Rental home inventory was ~11,200 units with 94.6% occupancy. Expansions: plan to develop 300+ sites in 2026, $45 million invested in 600 vacant sites.
Analyst Q&A
Q: On same property NOI and winter impact on expenses.
A: Tough winter impacted expenses, but expense growth expected to moderate, confident in high single-digit same-property NOI growth.
Q: On home sales trends in April.
A: April sales strong, pipeline in good shape, expecting strong sales in Q2.
Q: On marketable securities portfolio.
A: Wrote off one security, moved from unrealized to realized.
Q: On critical materials sourced from Middle East.
A: No material issues with sourcing.
Q: On regulatory front, removal of chassis requirement.
A: Allows two-story homes, helps increase revenue, beneficial for industry.
Q: On lease-up at Southeast assets.
A: Oz Fund properties in Georgia and SC have good demand, leasing pace, and plans for expansions.
Q: On same property occupancy and market potential.
A: Target to get above 90% occupancy, strong demand across portfolio.
Q: On interest expense for rest of year.
A: Interest expense level expected to persist, max interest expense without revenue during year