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← CockpitCompetitor Analysis › UMH UMH Properties, Inc.Open in the cockpit ↗

UMH Properties, Inc.UMHCompetitor analysis, valuation and peers

United States · USD·Real Estate›Real Estate Investment Trusts

Owns and operates manufactured-housing communities, renting home sites (and some homes) mainly in the Northeast and Midwest.

Momentum neutral 45
Mkt cap
$1.28B
US dollars, full cap
Free float
88%
of shares outstanding
$/day
$9.61M
20-day average traded
P/B
2.37×
price to book
ROE
2.8%
delivered
Implied ROE
18.9%
what the price asks
Next earnings
117 days
3 Mar 2027
Close · USD$14.92
1D-1.4%
1W-1.5%
1M-1.2%
3M-4.8%
6M-5.7%
YTD-6.2%
1Y+0.5%
ATR %2.6%
Beta0.15
52w lowhigh11.0% off high

What UMH Properties does

Owns and operates manufactured-housing communities, renting home sites (and some homes) mainly in the Northeast and Midwest.

Earns monthly site rent from residents who own or rent homes on its land, and also sells and rents out manufactured homes to fill vacant sites. Its strategy is buying run-down communities and filling empty sites to lift rent. Moving a manufactured home is costly for residents, so tenancies tend to be long.

Products and services

  • Manufactured home site rentals
  • Manufactured home sales/rentals

Customers

  • Manufactured-home resident tenants

Where it sits in the supply chain

  • Real estate
  • Residential REITs
  • Manufactured-housing communities

What could go right

  • Structurally limited new manufactured-housing community supply

What could go wrong

  • Interest-rate sensitivity
  • Regional economic exposure

Moat: narrow (installed base, regulatory licence). Zoning restrictions on new communities limit competing supply near existing sites.

Headquarters: Freehold, New Jersey, US · Founded: 1968 · Employees: 540

Named competitors

UMH Properties at a glance

Size UMH Properties (UMH) is a United States Real Estate company (Real Estate Investment Trusts) with a market value of $1.28B, the 2094th largest of 3,117 United States companies the cockpit tracks. Shares closed at $14.92 on 6 Nov 2026.

Performance Over six months the shares fell 5.7%, against -10.4% for the median peer and -1.1% for the United States market (cap-weighted) — 9th highest of 21 in its peer set.

Growth Revenue grew 8.5% over the last twelve months (peer median +3.6%); the operating margin is 31.6% (peer median 45.5%).

Valuation It trades at 2.37× book value against a peer median of 0.99× (3rd most expensive of 21).

Price implies The share price implies a return on equity of about 18.9%; UMH Properties delivers 2.8%, so the price asks more than the business earns today.

Short interest Short interest is 5.0% of the free float (15 Oct 2026).

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Relative performance

9010011 May 202611 Aug 20266 Nov 2026UMH 96Peer median 90
Six months, rebased to 100: UMH Properties against the median of its 20 peers (local-currency closes).

UMH Properties financials

Reported figures in USD; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue$279M$262M$241M$221M$196M
Revenue growth—+9%+9%+13%—
Gross profit$80.5M$76.7M$71.1M$62.8M$53.8M
EBITDA$160M$112M$104M$88.3M$56.5M
Net income$25.2M$26.5M$21.6M$8.01M-$4.85M
Free cash flow$83.4M$82.0M$81.6M$120M-$7.98M
Capital expenditure$0$0$0$0$0
Total debt$854M$764M$618M$693M$765M

Quarterly statements and history in the cockpit →

UMH Properties competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-20%-10%0%+10%-5%0%+5%+10%CIPALXAATPDM9A4U329589648986329232340778180601JYEUYEPSA34668C8UESBALADRUMH6-month return →1-month return →
Up and to the right = strong over both horizons. UMH Properties is the large dot.

Fundamentals: return on equity against price-to-book

0%50%100%00×20×40×60×CIPALXAATPDM9A4U32950778YEPSAUMHReturn on equity →Price / book →
A bank or insurer earning more on its equity usually trades at a higher multiple of book; points far above the trend are priced for more. UMH Properties is the large dot.

Capital: ROE delivered against the ROE the price implies

0%50%100%0%50%100%CIPALXAATPDM9A4UUMHROE delivered →ROE the price implies →
Above the diagonal = the price asks for a higher return on equity than the business earns today. UMH Properties is the large dot.

UMH Properties competitors and peer comparison

Head to head with its named competitors (UMH vs ELS vs SUI vs AMH)
CompanyMarket cap6M returnRevenue growthROEPrice / bookImplied ROE
UMH Properties UMH$1.28B-6%+9%3%2.37×18.9%
Equity LifeStyle Properties ELS$12.3B0%+3%22%6.99×37.4%
Sun Communities SUI$14.4B-4%-19%5%2.76×18.4%
American Homes 4 Rent AMH$11.8B+2%+4%7%1.73×12.9%

How UMH Properties compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

UMH Properties against its 20 peers (data as of 6 Nov 2026)
MeasureUMHPeer medianRank in peer set
1-month return-1.2%+0.3%9th lowest of 21
6-month return-5.7%-10.4%9th highest of 21
Return on equity2.8%5.9%7th lowest of 20
Price / book2.37×0.99×3rd most expensive of 21
Trailing P/E293.7×16.5×most expensive of 16
ROE the price implies18.9%5.5%2nd most demanding of 21
ROE delivered2.8%6.1%5th lowest of 17

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthROEPrice / bookImplied ROEDelivered ROE
UMH Properties UMHUnited States$1.28B-6%+9%3%2.37×18.9%2.8%
Centuria Industrial REIT CIP.AXAustralia$1.28B+1%+6%6%0.74×9.5%6.4%
Alexander's ALXUnited States$1.29B+3%+8%107%5.67×34.9%107.4%
American Assets Trust AATUnited States$1.32B+2%-8%2%1.19×11.1%1.9%
Piedmont Realty Trust PDMUnited States$1.23B+18%+3%-6%0.85×10.5%-5.9%
Esr-reit 9A4U.SISingapore$1.33B-14%+5%1%0.84×5.5%0.8%
Hulic Reit 3295.TJapan$1.23B-17%+5%6%0.96×4.6%5.9%
Mitsui Fudosan Retail Fund Investment 8964.TJapan$1.23B-16%-6%7%1.10×4.6%6.8%
Daiwa Securities Living Investment 8986.TJapan$1.22B-25%+42%7%1.02×5.4%7.1%
Comforia Residential REIT 3282.TJapan$1.36B-20%+17%6%1.27×5.1%6.3%
AEON REIT Investment 3292.TJapan$1.36B-19%+1%5%0.89×4.1%5.3%
Mori Hills Reit Investment 3234.TJapan$1.36B-14%-1%6%1.07×4.5%5.9%
Fortune Real Estate Investment Trust 0778.HKHong Kong$1.19B-11%-9%0%0.37×4.5%-0.3%
CNAMC China Resources Commercial Asset Closed Infrastructure Real Estate Investment Trust 180601.SZChina$1.41B-6%n/an/a1.51×4.4%n/a
Lendlease Global Commercial REIT JYEU.SISingapore$1.44B-3%+4%5%0.78×4.4%5.1%
Emperador Properties SOCIMI YEPSA.MCSpain$1.44B+14%+7%-2%2.84×10.5%n/a
LaSalle LOGIPORT REIT 3466.TJapan$1.45B-10%+71%6%1.19×4.8%6.2%
Centurion Accommodation REIT 8C8U.SISingapore$1.45B-3%-69%1%1.22×6.0%n/a
Ellington Financial EFCUnited States$1.45B-17%+30%12%0.82×8.6%12.3%
Empire State Realty OP LP Series ES ESBAUnited States$1.46B-6%+2%5%0.84×10.8%n/a
Ladder Capital LADRUnited States$1.12B-13%+2%7%0.77×8.3%6.7%

Questions

Who are UMH Properties's main competitors?
Named competitors: Equity LifeStyle Properties (ELS), Sun Communities (SUI), American Homes 4 Rent (AMH). The cockpit's measured peer set (industry) also includes Centuria Industrial REIT (CIP.AX), Alexander's (ALX), American Assets Trust (AAT), Piedmont Realty Trust (PDM), Esr-reit (9A4U.SI), Hulic Reit (3295.T).
Is UMH Properties expensive compared with its peers?
On price / book it trades at 2.37× against a peer median of 0.99×, 3rd most expensive of 21 in its peer set. The share price implies a return on equity of about 18.9%; UMH Properties delivers 2.8%, so the price asks more than the business earns today.
How has UMH Properties stock performed?
Over six months to 6 Nov 2026 the shares returned -5.7% against -10.4% for the median peer; over one year +0.5%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.