(UMH) UMH Properties - Overview
Stock: Manufactured Home Communities, Rental Homes, Self-Storage
EPS (Earnings per Share)
Revenue
Dividends
| Dividend Yield | 5.48% |
| Yield on Cost 5y | 8.81% |
| Yield CAGR 5y | 4.03% |
| Payout Consistency | 97.5% |
| Payout Ratio | 11.7% |
| Risk 5d forecast | |
|---|---|
| Volatility | 21.9% |
| Relative Tail Risk | -3.90% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.48 |
| Alpha | -16.61 |
| Character TTM | |
|---|---|
| Beta | 0.386 |
| Beta Downside | 0.395 |
| Drawdowns 3y | |
|---|---|
| Max DD | 27.28% |
| CAGR/Max DD | 0.03 |
Description: UMH UMH Properties January 15, 2026
UMH Properties, Inc. (NYSE: UMH) is a publicly traded REIT founded in 1968 that owns and operates 145 manufactured-home communities across 12 states, encompassing roughly 27,000 developed sites. About 10,800 of those sites host rental homes, and the portfolio also includes more than 1,000 self-storage units. The company holds joint-venture stakes with Nuveen Real Estate in three communities (two in Florida and one in Pennsylvania) that together account for 476 sites.
Key performance indicators from the most recent quarterly filing show an occupancy rate of approximately 96% and a year-over-year rent-growth rate near 5%, reflecting strong demand for affordable housing. UMH reported adjusted funds-from-operations (AFFO) of $0.68 per share for the trailing twelve months, positioning its dividend yield around 6.5%-well above the average for single-family residential REITs.
The sector is being driven by a persistent shortage of low-cost housing, rising construction costs for site-built homes, and demographic trends favoring mobile-home living among younger and lower-income households. However, the portfolio’s sensitivity to interest-rate fluctuations and regional economic cycles (e.g., employment trends in the Midwest and Southeast) introduces material uncertainty to future cash flows.
For a deeper, data-rich perspective on UMH’s valuation dynamics, you might explore the analyst tools available on ValueRay.
Piotroski VR‑10 (Strict, 0-10) 3.0
| Net Income: 26.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.05 > 0.02 and ΔFCF/TA -0.21 > 1.0 |
| NWC/Revenue: 71.61% < 20% (prev 85.89%; Δ -14.28% < -1%) |
| CFO/TA 0.05 > 3% & CFO 87.9m > Net Income 26.9m |
| Net Debt (638.5m) to EBITDA (118.8m): 5.37 < 3 |
| Current Ratio: 10.26 > 1.5 & < 3 |
| Outstanding Shares: last quarter (85.5m) vs 12m ago 11.64% < -2% |
| Gross Margin: 54.84% > 18% (prev 0.54%; Δ 5429 % > 0.5%) |
| Asset Turnover: 16.39% > 50% (prev 15.69%; Δ 0.70% > 0%) |
| Interest Coverage Ratio: 1.98 > 6 (EBITDA TTM 118.8m / Interest Expense TTM 27.1m) |
Altman Z'' 0.90
| A: 0.11 (Total Current Assets 203.6m - Total Current Liabilities 19.9m) / Total Assets 1.63b |
| B: -0.02 (Retained Earnings -25.4m / Total Assets 1.63b) |
| C: 0.03 (EBIT TTM 53.8m / Avg Total Assets 1.57b) |
| D: -0.02 (Book Value of Equity -16.8m / Total Liabilities 703.1m) |
| Altman-Z'' Score: 0.90 = B |
Beneish M -2.94
| DSRI: 1.06 (Receivables 102.1m/88.4m, Revenue 256.7m/235.7m) |
| GMI: 0.99 (GM 54.84% / 54.49%) |
| AQI: 1.03 (AQ_t 0.86 / AQ_t-1 0.83) |
| SGI: 1.09 (Revenue 256.7m / 235.7m) |
| TATA: -0.04 (NI 26.9m - CFO 87.9m) / TA 1.63b) |
| Beneish M-Score: -2.94 (Cap -4..+1) = A |
What is the price of UMH shares?
Over the past week, the price has changed by +1.79%, over one month by -1.06%, over three months by +8.54% and over the past year by -7.75%.
Is UMH a buy, sell or hold?
- StrongBuy: 5
- Buy: 1
- Hold: 3
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the UMH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 19.1 | 19.9% |
| Analysts Target Price | 19.1 | 19.9% |
| ValueRay Target Price | 17.9 | 12.2% |
UMH Fundamental Data Overview February 05, 2026
P/E Forward = 96.1538
P/S = 5.1516
P/B = 2.1816
P/EG = -14.5
Revenue TTM = 256.7m USD
EBIT TTM = 53.8m USD
EBITDA TTM = 118.8m USD
Long Term Debt = 672.5m USD (from longTermDebt, last quarter)
Short Term Debt = 120.7m USD (from shortTermDebt, last fiscal year)
Debt = 672.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 638.5m USD (from netDebt column, last quarter)
Enterprise Value = 1.96b USD (1.32b + Debt 672.5m - CCE 34.1m)
Interest Coverage Ratio = 1.98 (Ebit TTM 53.8m / Interest Expense TTM 27.1m)
EV/FCF = 22.28x (Enterprise Value 1.96b / FCF TTM 87.9m)
FCF Yield = 4.49% (FCF TTM 87.9m / Enterprise Value 1.96b)
FCF Margin = 34.25% (FCF TTM 87.9m / Revenue TTM 256.7m)
Net Margin = 10.47% (Net Income TTM 26.9m / Revenue TTM 256.7m)
Gross Margin = 54.84% ((Revenue TTM 256.7m - Cost of Revenue TTM 115.9m) / Revenue TTM)
Gross Margin QoQ = 53.99% (prev 54.73%)
Tobins Q-Ratio = 1.20 (Enterprise Value 1.96b / Total Assets 1.63b)
Interest Expense / Debt = 1.18% (Interest Expense 7.93m / Debt 672.5m)
Taxrate = 21.0% (US default 21%)
NOPAT = 42.5m (EBIT 53.8m * (1 - 21.00%))
Current Ratio = 10.26 (Total Current Assets 203.6m / Total Current Liabilities 19.9m)
Debt / Equity = 0.73 (Debt 672.5m / totalStockholderEquity, last quarter 924.7m)
Debt / EBITDA = 5.37 (Net Debt 638.5m / EBITDA 118.8m)
Debt / FCF = 7.26 (Net Debt 638.5m / FCF TTM 87.9m)
Total Stockholder Equity = 920.8m (last 4 quarters mean from totalStockholderEquity)
RoA = 1.72% (Net Income 26.9m / Total Assets 1.63b)
RoE = 2.92% (Net Income TTM 26.9m / Total Stockholder Equity 920.8m)
RoCE = 3.38% (EBIT 53.8m / Capital Employed (Equity 920.8m + L.T.Debt 672.5m))
RoIC = 3.44% (NOPAT 42.5m / Invested Capital 1.24b)
WACC = 5.18% (E(1.32b)/V(1.99b) * Re(7.34%) + D(672.5m)/V(1.99b) * Rd(1.18%) * (1-Tc(0.21)))
Discount Rate = 7.34% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: 100.0 | Cagr: 12.79%
[DCF Debug] Terminal Value 80.82% ; FCFF base≈86.4m ; Y1≈56.7m ; Y5≈25.9m
Fair Price DCF = 2.18 (EV 824.4m - Net Debt 638.5m = Equity 185.9m / Shares 85.2m; r=5.90% [WACC]; 5y FCF grow -40.0% → 2.90% )
EPS Correlation: 63.13 | EPS CAGR: 6.68% | SUE: -0.82 | # QB: 0
Revenue Correlation: 97.79 | Revenue CAGR: 10.53% | SUE: -0.60 | # QB: 0
EPS next Quarter (2026-03-31): EPS=0.03 | Chg30d=-0.010 | Revisions Net=-1 | Analysts=4
EPS next Year (2026-12-31): EPS=0.17 | Chg30d=-0.006 | Revisions Net=-1 | Growth EPS=+44.7% | Growth Revenue=+8.3%