Tearsheet

UMH Properties (UMH)


Market Price (12/27/2025): $15.69 | Market Cap: $1.3 Bil
Sector: Real Estate | Industry: Multi-Family Residential REITs

UMH Properties (UMH)


Market Price (12/27/2025): $15.69
Market Cap: $1.3 Bil
Sector: Real Estate
Industry: Multi-Family Residential REITs

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.1%, Dividend Yield is 5.1%, FCF Yield is 6.5%
Weak multi-year price returns
2Y Excs Rtn is -28%, 3Y Excs Rtn is -66%
Key risks
UMH key risks include [1] its concentration of properties in weather-vulnerable states like Florida and Tennessee and [2] potential losses from the approximately $82 million in mortgage loans it provides directly to its own resident homebuyers.
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 34%
  
2 Low stock price volatility
Vol 12M is 21%
  
3 Megatrend and thematic drivers
Megatrends include Affordable Living & Housing Accessibility. Themes include Manufactured Housing Development, and Affordable Housing Solutions.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 7.1%, Dividend Yield is 5.1%, FCF Yield is 6.5%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 34%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 34%
2 Low stock price volatility
Vol 12M is 21%
3 Megatrend and thematic drivers
Megatrends include Affordable Living & Housing Accessibility. Themes include Manufactured Housing Development, and Affordable Housing Solutions.
4 Weak multi-year price returns
2Y Excs Rtn is -28%, 3Y Excs Rtn is -66%
5 Key risks
UMH key risks include [1] its concentration of properties in weather-vulnerable states like Florida and Tennessee and [2] potential losses from the approximately $82 million in mortgage loans it provides directly to its own resident homebuyers.

Valuation, Metrics & Events

UMH Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

<b>1. Positive Third Quarter 2025 Financial Results:</b> UMH Properties reported a strong third quarter in 2025 on November 3, 2025, showcasing a 4% increase in normalized Funds From Operations (FFO) per diluted share and a 12% rise in same-property Net Operating Income (NOI). The company's CEO expressed optimism about future growth and projected total income for 2025 to exceed $250 million.

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<b>2. Analyst Upgrades and Favorable Ratings:</b> Contributing to positive investor sentiment, on December 4, 2025, Colliers Securities upgraded UMH Properties' stock from "Hold" to "Strong Buy". Overall, the company maintained a "Moderate Buy" or "Strong Buy" consensus rating from analysts, with average price targets suggesting potential upside.

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<b>3. Consistent Dividend Payments and Increases:</b> UMH Properties continued its track record of consistent quarterly dividend distributions. A common stock dividend of $0.225 per share had an ex-dividend date of November 17, 2025, and was payable on December 15, 2025. The company also announced its fifth consecutive annual dividend increase in conjunction with its first quarter 2025 results.

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<b>4. Strategic Growth and Portfolio Expansion Initiatives:</b> The company outlined plans for strategic growth, including efforts to fill 3,300 vacant sites and develop 800 new rental homes throughout 2025. Additionally, UMH acquired two new communities in Maryland during Q3 2025 and is actively exploring opportunities in leasing oil and gas rights to further expand its portfolio and revenue streams.

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<b>5. Bullish Technical Signals and Market Sentiment:</b> As of late December 2025, UMH Properties displayed bullish technical signals, including a recent consolidation trend that saw a 1.53% price increase since December 23, 2025. The stock's overall moving average trend also indicated a bullish outlook, with the share price increasing by 3.52% over the two weeks ending December 19, 2025.

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Stock Movement Drivers

Fundamental Drivers

The 10.1% change in UMH stock from 9/26/2025 to 12/26/2025 was primarily driven by a 26.4% change in the company's P/E Multiple.
926202512262025Change
Stock Price ($)14.5015.9610.06%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)250.41256.662.49%
Net Income Margin (%)12.18%10.47%-14.02%
P/E Multiple39.9250.4626.40%
Shares Outstanding (Mil)83.9784.98-1.20%
Cumulative Contribution10.05%

LTM = Last Twelve Months as of date shown

Market Drivers

9/26/2025 to 12/26/2025
ReturnCorrelation
UMH10.1% 
Market (SPY)4.3%7.7%
Sector (XLRE)-3.2%46.1%

Fundamental Drivers

The -1.8% change in UMH stock from 6/27/2025 to 12/26/2025 was primarily driven by a -9.0% change in the company's Net Income Margin (%).
627202512262025Change
Stock Price ($)16.2515.96-1.80%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)244.10256.665.15%
Net Income Margin (%)11.51%10.47%-8.96%
P/E Multiple47.6850.465.82%
Shares Outstanding (Mil)82.3984.98-3.15%
Cumulative Contribution-1.90%

LTM = Last Twelve Months as of date shown

Market Drivers

6/27/2025 to 12/26/2025
ReturnCorrelation
UMH-1.8% 
Market (SPY)12.6%16.3%
Sector (XLRE)-0.7%59.0%

Fundamental Drivers

The -11.0% change in UMH stock from 12/26/2024 to 12/26/2025 was primarily driven by a -12.4% change in the company's Shares Outstanding (Mil).
1226202412262025Change
Stock Price ($)17.9415.96-11.03%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)235.66256.668.91%
Net Income Margin (%)11.85%10.47%-11.58%
P/E Multiple48.5950.463.85%
Shares Outstanding (Mil)75.6184.98-12.40%
Cumulative Contribution-12.40%

LTM = Last Twelve Months as of date shown

Market Drivers

12/26/2024 to 12/26/2025
ReturnCorrelation
UMH-11.0% 
Market (SPY)15.8%35.5%
Sector (XLRE)1.4%70.5%

Fundamental Drivers

The 15.2% change in UMH stock from 12/27/2022 to 12/26/2025 was primarily driven by a 139.5% change in the company's Net Income Margin (%).
1227202212262025Change
Stock Price ($)13.8515.9615.19%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)193.03256.6632.96%
Net Income Margin (%)4.37%10.47%139.55%
P/E Multiple90.1150.46-44.00%
Shares Outstanding (Mil)54.8984.98-54.83%
Cumulative Contribution-19.43%

LTM = Last Twelve Months as of date shown

Market Drivers

12/27/2023 to 12/26/2025
ReturnCorrelation
UMH14.9% 
Market (SPY)48.0%31.7%
Sector (XLRE)6.6%66.1%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
UMH Return-1%91%-39%0%30%-11%34%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
UMH Win Rate58%67%33%58%58%25% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
UMH Max Drawdown-41%-3%-43%-14%-6%-22% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventUMHS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-50.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven103.8%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-45.3%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven82.7%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven324 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-34.8%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven53.3%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven1,099 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-68.3%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven215.7%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven3,051 days1,480 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

UMH Properties's stock fell -50.9% during the 2022 Inflation Shock from a high on 12/31/2021. A -50.9% loss requires a 103.8% gain to breakeven.

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About UMH Properties (UMH)

UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 124 manufactured home communities containing approximately 23,400 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland. In addition, the Company owns a portfolio of REIT securities.

AI Analysis | Feedback

Here are 1-2 brief analogies to describe UMH Properties:

  • Equity Residential for manufactured home communities.
  • Public Storage for residential living plots.

AI Analysis | Feedback

  • Manufactured Home Lot Leasing: Provides developed land lots for rent within their manufactured home communities.
  • Manufactured Home Sales: Sells new and pre-owned manufactured homes to residents for placement within their communities.
  • Manufactured Home Leasing: Leases manufactured homes to residents, often with a lease-to-own option.

AI Analysis | Feedback

UMH Properties (symbol: UMH) primarily serves individuals rather than other companies. As a Real Estate Investment Trust (REIT) that owns and operates manufactured home communities, its major customers are the residents who lease homesites or manufactured homes within its properties.

The company serves the following categories of individual customers:

  • Retirees and Seniors: Individuals seeking affordable, community-oriented living options, often in age-restricted communities, with amenities tailored for an active or relaxed retirement.
  • Families and Working Professionals: Individuals and families looking for affordable housing solutions, often with the benefits of community living, that are more budget-friendly than traditional site-built homes. This group might be attracted by the lower cost of living and potentially larger living spaces compared to apartments.
  • Budget-Conscious Individuals/Moderate-Income Households: People seeking the most affordable path to homeownership or long-term rental, where manufactured housing provides a cost-effective alternative to other housing types.

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Samuel A. Landy, President & Chief Executive Officer

Mr. Landy began his career at UMH Properties in 1991 and was appointed President and Chief Executive Officer in 1995. He is an Attorney at Law. Under his leadership, UMH has significantly expanded its portfolio of manufactured housing communities from 22 in 1991 to 136, encompassing approximately 25,800 homesites. He spearheaded the creation of UMH Sales and Finance, Inc., facilitating the sale of over 5,700 manufactured homes and financing more than $100 million in loans. He later shifted the company's strategy to a rental model, growing the rental home portfolio to 10,200 units. Mr. Landy also served as a Director of Monmouth Real Estate Investment Corporation from 1989 to 2022. In 2024, he was inducted into the RV/MH Hall of Fame.

Anna T. Chew, Executive Vice President, Chief Financial Officer & Treasurer

Ms. Chew has served as Executive Vice President, Chief Financial Officer, and Treasurer of UMH Properties since 2022, having previously held the roles of Vice President and Chief Financial Officer from 1995 to 2022. She has been the Chief Accounting Officer since 1991 and Treasurer since 2004, and also serves as a Director since 1995. Ms. Chew is a Certified Public Accountant.

Eugene W. Landy, Chairman of the Board, Founder

Mr. Landy founded UMH Properties in 1968. He has been the Chairman of the Board since 1995 and a Director since 1968. He is an Attorney at Law. Mr. Landy also founded Monmouth Real Estate Investment Corporation in 1968, where he served as Chairman of the Board and Director until 2022, and as President and Chief Executive Officer until 2013.

Brett Taft, Executive Vice President & Chief Operating Officer

Mr. Taft was appointed Executive Vice President and Chief Operating Officer in 2022. His previous roles at UMH Properties include Vice President and Chief Operating Officer (2020-2022), Vice President (2016-2019), and Vice President of Acquisitions and Property Integration (2013-2016). He is also the Chairperson of the CentraState Healthcare Foundation since 2024 and a Trustee of the CentraState Healthcare System since 2020.

Craig Koster, Executive Vice President, General Counsel & Secretary

Mr. Koster has been Executive Vice President, General Counsel, and Secretary of UMH Properties since 2022. He previously served as General Counsel and Secretary from 2015 to 2022 and as In-House Counsel from 2012 to 2014. Mr. Koster is an Attorney at Law.

AI Analysis | Feedback

The key risks to UMH Properties' business operations include:

  1. Interest Rate Risk: As a real estate investment trust (REIT) with significant debt, UMH Properties is exposed to fluctuations in interest rates. The company has outstanding debt that includes both variable and fixed-rate components, and recently issued new bonds at a 5.85% interest rate, indicating the cost of capital. Rising interest rates can increase the cost of financing new acquisitions and refinancing existing debt, potentially impacting the company's profitability and growth.
  2. Climate Change and Severe Weather Events: UMH Properties identifies the unpredictability, frequency, and severity of changes in weather patterns as an acute and constant challenge. Severe and disruptive weather events can directly and indirectly affect the company's assets, particularly in states like Florida and Tennessee, where approximately 6% of their properties were located in 2023. This risk can lead to property damage, increased insurance costs, and business interruptions.
  3. Reliance on Manufactured Home Buyer Financing and Occupancy Rates: The company's business model relies on the ability of manufactured home buyers to obtain financing and on maintaining strong occupancy and rental growth within its communities. UMH Properties itself provides personal property mortgage loans to resident homebuyers, amounting to approximately $82 million on its balance sheet, which puts its own funds at risk of loss if buyers are unable to repay these loans. A decline in the availability of financing for buyers or a reduction in occupancy rates would directly impact revenue and the company's ability to execute its growth strategy.

AI Analysis | Feedback

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AI Analysis | Feedback

UMH Properties Inc. (symbol: UMH) operates primarily within the manufactured housing sector in the United States, with a business model centered around the acquisition, development, and management of manufactured home communities. The company generates revenue through renting homesites and rental homes, selling manufactured homes, and providing financing services to homebuyers. Additionally, UMH Properties also owns and operates self-storage units. The addressable markets for UMH Properties' main products and services in the U.S. are as follows:

Manufactured Homes Market

The United States manufactured homes market was valued at approximately USD 25.91 billion in 2024. This market is projected to grow to about USD 43.43 billion by 2034, with a compound annual growth rate (CAGR) of 5.30% during the forecast period of 2025-2034.

Self-Storage Market

Due to the absence of specific market size data for the self-storage units operated by UMH Properties, the market size for this product cannot be provided at this time. Therefore, the market size for self-storage units is null.

AI Analysis | Feedback

UMH Properties (symbol: UMH) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies:

  1. Expansion of Rental Portfolio and Increased Occupancy: UMH Properties is actively expanding its rental home portfolio and improving occupancy rates within its communities. The company has approximately 3,500 existing vacant lots to fill and over 2,300 vacant acres designated for the development of approximately 9,200 future lots. UMH plans to add 700-800 additional rental homes by the end of 2025, significantly contributing to its revenue-generating units. The rental occupancy rate has already shown improvement, increasing from 84.0% in 2020 to 93.9% by Q3 2025.

  2. Annual Rent Increases: The company projects a 5% annual rent increase, which is expected to generate an additional $11 million in revenue. This consistent increase in rental rates across its portfolio will be a direct contributor to revenue growth.

  3. Strategic Acquisitions and Community Expansion: UMH Properties has a consistent strategy of acquiring new communities and expanding existing ones. This expansion adds to their overall portfolio of homesites and rental units, increasing potential rental and sales income. For instance, the company recently acquired a community in Georgia with approximately 130 homesites for $2.6 million, further expanding its presence in the southern United States.

  4. Growth in Manufactured Home Sales: UMH generates revenue from the sale of manufactured homes. The company reported an 5% increase in sales of manufactured homes in Q3 2025 compared to the previous year. Furthermore, gross home sales for Q2 2025 reached a record of $10.5 million. Continued strong demand and strategic sales efforts are expected to boost this revenue stream.

  5. Development of Vacant Land and Lots: UMH is well-positioned for organic growth through the development of its substantial inventory of vacant lots and undeveloped land. This includes 3,500 existing vacant lots and over 2,300 vacant acres with the potential to build approximately 9,200 future lots. Capitalizing on these development opportunities will significantly increase the company's asset base and rental income capacity.

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Share Repurchases

  • UMH Properties increased its common stock repurchase authorization to $100 million from $25 million on September 22, 2025.
  • Since the program's inception in 2009, UMH has repurchased approximately 194,000 shares for a total of $2.1 million.
  • No share repurchases have been made since 2020.

Share Issuance

  • Through its 2022 Common Stock At-The-Market (ATM) Program, UMH sold 6,808,811 shares of common stock for approximately $130.2 million through April 3, 2023.
  • During 2021, UMH issued and sold 8.2 million shares of Common Stock through ATM Programs, generating gross proceeds of $182.0 million and net proceeds of $179.1 million.
  • For the year ended December 31, 2023, UMH issued and sold 2.6 million shares of Series D Preferred Stock through ATM Programs, generating gross proceeds of $56.7 million and net proceeds of $55.7 million.

Inbound Investments

  • UMH has established joint ventures with Nuveen Real Estate for the ownership and operation of communities, which allows UMH to pursue development deals while reducing capital requirements.

Outbound Investments

  • Year-to-date in 2025, UMH completed 5 acquisitions totaling 587 sites for $41.7 million, including two communities in Maryland for $14.6 million in Q3 2025, and Albany Dunes in Georgia for $2.6 million in October 2025.
  • In 2023, UMH, through its Opportunity Zone Fund, acquired Mighty Oak in Albany, Georgia, for approximately $3.7 million.
  • In 2022, UMH, through its Opportunity Zone Fund, acquired Garden View Estates in Orangeburg, South Carolina, for approximately $5.2 million.

Capital Expenditures

  • UMH plans to add an additional 700-800 rental homes by the end of 2025, expanding its rental portfolio which stood at approximately 10,800 units as of Q3 2025.
  • The company has 3,500 existing vacant lots to fill and over 2,300 vacant acres available for the development of approximately 9,200 future lots.
  • Capital expenditures are primarily focused on building, upgrading, and managing communities, including infrastructure improvements, deferred maintenance, and introducing new homes for sale and rent.

Better Bets than UMH Properties (UMH)

Trade Ideas

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Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
MPW_10312025_Short_Squeeze10312025MPWMedical Properties TrustSpecialShort Squeeze PotentialShort Squeeze Potential
Has potential for a short squeeze. High short interest, rising short interest and high debt.
-0.1%-0.1%-5.8%

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Peer Comparisons for UMH Properties

Peers to compare with:

Financials

UMHHPQHPEIBMCSCOAAPLMedian
NameUMH Prop.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price15.9623.2624.49305.0978.16273.4051.32
Mkt Cap1.421.932.6284.9309.24,074.4158.8
Rev LTM25755,29534,29665,40257,696408,62556,496
Op Inc LTM453,6241,64411,54412,991130,2147,584
FCF LTM882,80062711,85412,73396,1847,327
FCF 3Y Avg832,9781,40011,75313,879100,5037,366
CFO LTM883,6972,91913,48313,744108,5658,590
CFO 3Y Avg833,6723,89613,49814,736111,5598,697

Growth & Margins

UMHHPQHPEIBMCSCOAAPLMedian
NameUMH Prop.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM8.9%3.2%13.8%4.5%8.9%6.0%7.4%
Rev Chg 3Y Avg10.0%-3.9%6.5%2.6%3.7%1.8%3.2%
Rev Chg Q10.3%4.2%14.4%9.1%7.5%9.6%9.4%
QoQ Delta Rev Chg LTM2.5%1.1%3.7%2.1%1.8%2.1%2.1%
Op Mgn LTM17.7%6.6%4.8%17.7%22.5%31.9%17.7%
Op Mgn 3Y Avg16.9%7.4%7.2%16.4%24.2%30.8%16.6%
QoQ Delta Op Mgn LTM-0.0%-0.2%-1.4%0.6%0.4%0.1%0.0%
CFO/Rev LTM34.3%6.7%8.5%20.6%23.8%26.6%22.2%
CFO/Rev 3Y Avg35.5%6.8%12.7%21.4%26.1%28.4%23.8%
FCF/Rev LTM34.3%5.1%1.8%18.1%22.1%23.5%20.1%
FCF/Rev 3Y Avg35.5%5.5%4.6%18.6%24.6%25.6%21.6%

Valuation

UMHHPQHPEIBMCSCOAAPLMedian
NameUMH Prop.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap1.421.932.6284.9309.24,074.4158.8
P/S5.30.41.04.45.410.04.8
P/EBIT25.26.819.925.122.531.323.8
P/E50.58.6572.736.029.941.038.5
P/CFO15.45.911.221.122.537.518.3
Total Yield7.1%14.1%2.3%5.0%5.4%2.8%5.2%
Dividend Yield5.1%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg7.1%10.6%5.5%6.4%6.0%3.1%6.2%
D/E0.50.50.70.20.10.00.4
Net D/E0.40.30.60.20.00.00.3

Returns

UMHHPQHPEIBMCSCOAAPLMedian
NameUMH Prop.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn4.8%-1.8%14.4%0.6%2.7%-1.5%1.7%
3M Rtn10.1%-11.9%2.7%7.9%17.0%7.1%7.5%
6M Rtn-1.8%-4.0%34.5%6.6%15.2%36.3%10.9%
12M Rtn-11.0%-27.3%14.2%39.2%33.7%6.0%10.1%
3Y Rtn15.2%-3.8%67.7%139.0%79.5%113.4%73.6%
1M Excs Rtn2.9%-5.6%12.9%-2.2%-0.0%-3.7%-1.1%
3M Excs Rtn5.8%-16.2%-1.7%3.6%12.7%2.8%3.2%
6M Excs Rtn-14.1%-16.3%22.3%-5.7%3.0%24.0%-1.3%
12M Excs Rtn-26.9%-42.9%-0.7%25.0%19.9%-8.4%-4.6%
3Y Excs Rtn-65.7%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Single Segment221    
Rental and Related Income 170159143129
Sales of Manufactured Homes 25272018
Total221196186164147


Price Behavior

Price Behavior
Market Price$15.96 
Market Cap ($ Bil)1.4 
First Trading Date12/06/1993 
Distance from 52W High-12.0% 
   50 Days200 Days
DMA Price$15.01$15.80
DMA Trenddownup
Distance from DMA6.3%1.0%
 3M1YR
Volatility19.2%21.4%
Downside Capture-7.9344.69
Upside Capture39.7526.50
Correlation (SPY)8.1%35.5%
UMH Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta0.060.120.260.400.410.61
Up Beta-1.25-0.030.150.500.460.55
Down Beta-0.530.330.230.190.400.49
Up Capture109%18%17%21%15%32%
Bmk +ve Days13263974142427
Stock +ve Days12222755114363
Down Capture11%-3%41%71%58%93%
Bmk -ve Days7162452107323
Stock -ve Days8203567127376

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of UMH With Other Asset Classes (Last 1Y)
 UMHSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-11.6%2.7%17.8%72.1%8.6%4.4%-8.3%
Annualized Volatility21.3%16.8%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio-0.67-0.010.722.700.340.09-0.08
Correlation With Other Assets 70.3%35.4%-1.0%3.7%71.9%7.9%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of UMH With Other Asset Classes (Last 5Y)
 UMHSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return4.0%5.3%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility26.0%19.1%17.1%15.5%18.7%18.9%48.7%
Sharpe Ratio0.150.190.700.970.500.160.57
Correlation With Other Assets 70.2%45.6%10.3%8.1%72.9%15.0%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of UMH With Other Asset Classes (Last 10Y)
 UMHSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return10.0%6.3%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility30.0%20.6%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.380.270.710.860.320.220.90
Correlation With Other Assets 67.7%51.5%4.4%18.2%71.5%10.2%

ETFs used for asset classes: Sector ETF = XLRE, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
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Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity3,658,825
Short Interest: % Change Since 1130202519.6%
Average Daily Volume693,484
Days-to-Cover Short Interest5.28
Basic Shares Quantity84,985,000
Short % of Basic Shares4.3%

Earnings Returns History

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 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
11/3/2025-0.9%2.7%5.7%
8/6/20250.2%-0.3%-6.2%
2/26/20252.9%2.9%2.6%
11/6/20241.0%5.2%3.8%
8/6/20240.2%2.0%4.8%
2/28/20247.8%13.7%13.7%
11/8/2023-1.6%-1.1%1.8%
8/8/2023-2.5%-4.4%-7.5%
...
SUMMARY STATS   
# Positive121313
# Negative877
Median Positive2.7%2.7%5.7%
Median Negative-1.9%-4.4%-7.5%
Max Positive7.8%13.7%19.5%
Max Negative-7.2%-22.2%-34.0%

SEC Filings

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Report DateFiling DateFiling
93020251103202510-Q 9/30/2025
6302025806202510-Q 6/30/2025
3312025501202510-Q 3/31/2025
12312024226202510-K 12/31/2024
93020241106202410-Q 9/30/2024
6302024806202410-Q 6/30/2024
3312024502202410-Q 3/31/2024
12312023228202410-K 12/31/2023
93020231108202310-Q 9/30/2023
6302023808202310-Q 6/30/2023
3312023509202310-Q 3/31/2023
12312022228202310-K 12/31/2022
93020221108202210-Q 9/30/2022
6302022803202210-Q 6/30/2022
3312022504202210-Q 3/31/2022
12312021224202210-K 12/31/2021