UMH Properties said first-quarter 2026 operations improved across homes, occupancy and revenue.
The company converted 146 homes from inventory into revenue-generating rental homes during the quarter, bringing its rental-home total to about 11,200 with occupancy at 94.6%. That was up from 93.8% in the fourth quarter, an increase of 80 basis points.
Gross home sales revenue rose to $7.2 million from $6.7 million a year earlier, an increase of 8%.
Total occupancy increased by 184 units in the first quarter to 87.7%. Same-property occupancy increased by 171 units in the quarter and by 412 units versus the same period last year, reaching 89%.
Rental and related charges for April 2026 were about 10% higher than April 2025. Year to date, monthly charges were up 4%, or $701,000. Same-property rental and related charges increased 9.3% from a year earlier.
The company said it had 88 homes on site and ready for occupancy and another 405 homes being set up, giving it additional inventory to support occupancy and sales growth in the second quarter and beyond. As a result of these announcements, the company's shares have moved 0.77% on the market, and are now trading at a price of $14.45. For the full picture, make sure to review UMH PROPERTIES, INC.'s 8-K report.
