UMH Properties Inc. published a transcript of its fourth quarter and full year 2025 earnings conference call and webcast. The call was attended by executives including Founder and Chairman Eugene W. Landy; President, CEO and Director Samuel A. Landy; Executive VP, CFO, Treasurer and Director Anna T. Chew; Executive VP and COO Brett Taft; Executive VP, General Counsel and Secretary Craig Koster; Vice President of Capital Markets James O. Lykins; and Executive VP Daniel Landy. Analysts on the call included representatives from Colliers Securities, Alliance Global Partners, B. Riley Securities and Cantor Fitzgerald. Management highlighted 2025 operating performance, portfolio growth and balance sheet activity, including normalized FFO of $0.24 per diluted share in Q4 2025 and $0.95 per diluted share for full-year 2025, along with 2026 normalized FFO guidance of $0.97 to $1.05 per share. “2025 was another strong year for UMH Properties, marked by continued operational excellence, strategic growth and solid financial performance,” the President and CEO said, adding, “At this time, we are announcing 2026 guidance of $0.97 to $1.05 per share.” The company discussed refinancing activity and capital allocation, noting it refinanced 17 communities for $193 million at a weighted average interest rate of 5.67%, issued $80.2 million of 5.85% Series B bonds due 2030, and repurchased 320,000 shares in the fourth quarter at an average price of $15. The President and CEO said the repurchase reflected “our confidence in the company’s undervaluation.” UMH also emphasized revenue growth and operational drivers, including rental and related income rising 10% to $226.7 million in 2025 and total revenue reaching $261.8 million. The CFO said, “Normalized FFO… was $20.5 million or $0.24 per diluted share for the fourth quarter of 2025,” and added, “For the full year 2025, Normalized FFO was $80.1 million or $0.95 per diluted share.” Key operating themes included same-property revenue growth of 8.2% and same-property NOI growth of 9%, driven by 5% site rent increases and 354 net units of occupancy gains. The company also reported adding and renting 717 new homes during the year, bringing rental home inventory to about 11,000 units with 93.8% occupancy, and highlighted home sales revenue of $36.4 million for 2025. UMH discussed external growth, including acquiring five communities for $41.8 million and opening its 113-site Honey Ridge greenfield development in Pennsylvania, while targeting development of 400 or more sites in 2026. The full transcript can be accessed through the link below.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. UMH Properties Inc. published the original content used to generate this news brief on February 26, 2026, and is solely responsible for the information contained therein.
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