UMH Properties, Inc. UMH

Company Overview

UMH Properties, Inc. is a publicly traded real estate investment trust (REIT) that owns, operates, and develops manufactured housing communities. The company operates within the manufactured housing, residential real estate, and REIT industries, focusing on providing affordable housing options through land-lease communities. Its primary revenue is generated from rental income derived from leasing manufactured home sites and, to a lesser extent, rental homes owned by the company within its communities.

The company serves working- and middle-income residents, retirees, and families seeking affordable housing alternatives, primarily in suburban and semi-rural markets. UMH’s strategic positioning is centered on long-term ownership of communities in supply-constrained markets, active infill development, and the rental of company-owned homes, which differentiates it from purely site-rental operators. Founded in 1968, UMH evolved from a regional community owner into a multi-state REIT, expanding through acquisitions, development, and public market access following its REIT conversion in the 1990s.