UMH Properties, Inc. Reports Results for Q1 2026

UMH Properties, Inc. reported total income of $65.8 million for the first quarter ended March 31, 2026, an 8% increase from $61.2 million in the same period last year. Net income attributable to common shareholders was $2.6 million, or $0.03 per diluted share, a significant improvement from a net loss of $271,000, or $0.00 per diluted share, in Q1 2025. Funds from Operations (FFO) attributable to common shareholders was $18.1 million ($0.21 per diluted share) in Q1 2026, compared to $18.2 million ($0.22 per diluted share) in Q1 2025. Normalized FFO was $19.4 million ($0.23 per diluted share) in Q1 2026, up from $18.8 million ($0.23 per diluted share) in Q1 2025. The company saw increases in rental and related income (9%), community Net Operating Income (NOI) (8%), and same-property community NOI (7%). Occupancy also improved by 110 basis points to 89.0%. The company issued and sold approximately 66,000 shares of Series D Preferred Stock, generating $1.5 million in gross proceeds.