Key Highlights

  • 0.225 USD is the quarterly common Dividend at UMH Properties, Inc. (NYSE:UMH), a USD 0.90 annualized rate, payable on December 15, 2026 to holders of record on November 16, 2026.
  • 86.5% is the calculated third-quarter Payout Ratio of the USD 0.225 dividend against normalized FFO of USD 0.26 per diluted share, which rose 4% from USD 0.25 a year earlier.
  • 0.99 USD to USD 1.03 is the tightened 2026 normalized FFO per diluted share guidance, a USD 1.01 midpoint, a calculated payout near 89% at UMH Properties, Inc. (NYSE:UMH).
  • 10% is the growth in both community net Operating Income and same property community net operating income in the third quarter, with same property occupancy rising 30 basis points to 88.8%.

Dividend Profile: Yield, Payout and Distribution Record of UMH Properties, Inc. (NYSE:UMH)

UMH Properties, Inc. (NYSE:UMH) declared a quarterly common dividend of USD 0.225 per share on October 1, 2026, payable on December 15, 2026 to holders of record on November 16, 2026. The company describes its annual dividend rate as USD 0.90 per share. The prior declaration, with a Record Date of August 17, 2026 and payment on September 15, 2026, was at the same USD 0.225 rate. The Series D preferred stock, with a 6.375% coupon, carries a cumulative quarterly dividend of USD 0.3984375 per share, or USD 1.59375 annualized, payable on the same December 15 date.

The Rationale: Earnings, Cash Flow and Dividend Coverage at UMH Properties, Inc. (NYSE:UMH)

Third-quarter total income was USD 74.1 million against USD 66.9 million, an increase of 11%, with rental and related income up 8%. The company reported a net loss to common of USD 2.1 million, or USD 0.02 per diluted share, versus income of USD 0.05. Funds from operations were USD 20.4 million, or USD 0.24 per diluted share. Normalized FFO, was USD 22.1 million, or USD 0.26 per diluted share, against USD 21.3 million and USD 0.25. Nine-month normalized FFO was USD 62.9 million, or USD 0.74 per diluted share, against USD 0.71, a calculated nine-month payout of about 91% on USD 0.675 of dividends. Net Income per diluted share guidance is USD 0.05 to USD 0.09, which is below the dividend, so the dividend is covered by FFO rather than earnings.

Valuation, Balance Sheet and Risks for UMH Properties, Inc. (NYSE:UMH)

Mortgages payable were USD 543.2 million, loans payable USD 128.4 million, Series A bonds USD 102.4 million and Series B bonds USD 76.4 million, a calculated total of USD 850.4 million. Shareholders' Equity was USD 880.6 million, down from USD 907.2 million. The portfolio comprises 145 communities with about 27,300 developed homesites, of which 11,400 have rental homes. About 3,100 vacant lots are available to fill. Risks include rising borrowing costs, manufactured home sales Volatility and regulatory change in housing finance.

Where Things Stand

UMH Properties, Inc. (NYSE:UMH) distributes a calculated 87% to 91% of 2026 normalized FFO guidance, a narrow Margin that relies on continued growth, with normalized FFO up for a third consecutive quarter. Same property NOI growth of 10%, occupancy of 88.8% and about 3,100 vacant lots that can be filled support the Earnings path. Debt of a calculated USD 850.4 million and equity of USD 880.6 million shape financial flexibility, while management cites the Road to Housing Act as a likely tailwind. The company has not issued dividend guidance, and each payment remains subject to board declaration.