UMH Properties, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the Securities and Exchange Commission, reporting third-quarter and nine-month financial results including total assets of $1.765 billion and a net loss attributable to common shareholders of $0.02 per share for the quarter.

Key Highlights

  • Total income rose: Rental and related income reached $62.351 million for Q3 2026, up from $57.771 million in Q3 2025, according to the filing.
  • Net loss to common shareholders: The company reported a net loss attributable to common shareholders of $2.144 million, or $0.02 per share (basic and diluted), for the three months ended September 30, 2026.
  • Nine-month net income to common shareholders: For the nine months ended September 30, 2026, net income attributable to common shareholders was $4.855 million, or $0.06 per share.
  • Total assets: Consolidated total assets stood at $1.765 billion as of September 30, 2026, compared to $1.699 billion as of December 31, 2025.
  • Loans payable increased sharply: Loans payable, net of unamortized debt issuance costs, rose to $128.383 million from $27.696 million at December 31, 2025.
  • Shares outstanding: Common shares outstanding totaled 85,729,892 as of October 30, 2026, with 85,602 thousand issued and outstanding as of September 30, 2026.
  • Preferred stock expanded: Series D 6.375% Cumulative Redeemable Preferred Stock shares issued and outstanding increased to 13,580 thousand as of September 30, 2026, from 12,916 thousand at December 31, 2025.

UMH Properties Q3 2026 Financial Results: Revenue Growth Alongside Higher Interest Expense

According to the filing, UMH Properties, Inc. (NYSE:UMH) reported total income of $74.135 million for the three months ended September 30, 2026, compared to $66.918 million for the same period in 2025. Rental and related income accounted for $62.351 million of Q3 2026 total income, while sales of manufactured homes contributed $11.784 million. Total expenses for the quarter were $60.514 million, including depreciation expense of $18.530 million and community operating expenses of $26.156 million.

The filing disclosed that interest expense, including amortization of financing costs, increased to $9.300 million in Q3 2026 from $7.930 million in Q3 2025. Other notable items in the quarter included a loss on sales of marketable securities, net, of $130 thousand and a decrease in fair value of marketable securities of $3.647 million. These factors contributed to total other expense of $10.544 million for the quarter, which pressured income before gains or losses on investment property sales down to $3.077 million. After a gain on sales of investment property and equipment of $27 thousand and preferred dividends of $5.329 million, the net loss attributable to common shareholders was $2.144 million.

On the balance sheet as of September 30, 2026, the company reported net investment property and equipment of $1.404 billion and total shareholders' equity of $880.644 million. Total liabilities grew to $884.533 million from $791.840 million at December 31, 2025, driven in part by the increase in loans payable. Land development costs also rose materially, to $81.667 million from $39.898 million at year-end 2025, according to the filing. The company is classified as a large accelerated filer.

What Was Disclosed

UMH Properties filed its quarterly report covering the period ended September 30, 2026, disclosing consolidated balance sheets, income statements, and equity statements reflecting revenue growth, increased debt obligations, and a net loss per common share for the third quarter.