UMH Properties, Inc (UMH) Fair Value & Analysis
Real Estate · US · Market cap $1.3B
UMH Properties, Inc
UMH · US
Fair value as of: Jul 27, 2026
From 16 valuation models · updated 14 days ago
Share price +4.9% over the past month.
Below-average quality, and screening another 62% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case ($6.04). The favourable scenario is already priced in.
- Weak quality (31/100) and above fair value at the same time, the margin of safety is missing on both counts.
- As a real-estate business, asset- and dividend-based methods carry more weight here than a standard DCF.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Jul 27, 2026.
How to read this chart
60‑month range $11.56 – $21.81 · fair‑value band $3.37 – $6.04 · the $15.90 price screens above the $6.04 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Jul 27, 2026.
Analysis
UMH Properties, Inc (UMH) currently trades at $15.90, while our model-based Fair Value estimate is $6.04, implying the stock looks roughly 62.0% overvalued today. The Quality Score stands at 31/100 (below-average quality), in the Real Estate sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).
Over the trailing twelve months, UMH Properties, Inc generated revenue of $266M at a net margin of 11.0%. Revenue grew 7.6% year over year. It earns a return on equity of 3.2%. Net debt stands at $689M. Fundamentals as of Jul 27, 2026
Our scenario range runs from $3.37 (bear case) to $6.04 (bull case); at $15.90, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 3% below its 52-week high and 19% above its 52-week low, currently above its 200-day average. For context, the median of 10 Real Estate peers we cover trades at -44% fair-value upside, at -62%, UMH screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 16 models by family
Widest divergence: Dividend Discount ($13.78) versus Growth DCF ($2.52). Highest evidence: Growth DCF (80).
Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Jul 27, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 36 · Market factors (momentum, volatility) 58
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
UMH Properties, Inc. is a public equity REIT that owns and operates 145 manufactured home communities. It contains approximately 27,100 developed homesites, of which 11,200 contain rental homes, and over 1,000 self-storage units.
Full company description
UMH Properties, Inc. is a public equity REIT that owns and operates 145 manufactured home communities. It contains approximately 27,100 developed homesites, of which 11,200 contain rental homes, and over 1,000 self-storage units. These communities are in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South Carolina, Florida and Georgia. Included in the 145 communities are two communities in Florida, containing 363 sites, and one community in Pennsylvania, containing 113 sites, that UMH has an ownership interest in and operates through its joint ventures with Nuveen Real Estate. UMH Properties, Inc. was incorporated in 1968 in Maryland and is based in Freehold, New Jersey.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2021 – FY2025 · reported fiscal years
UMH Properties, Inc reported revenue of $262M in FY2025 versus $186M in FY2021, a compound +8.9%/yr. Reported net income was $26.5M in FY2025, compounding −15.1%/yr from FY2021.
UMH screens 62% overvalued. Compare with AvalonBay Communities, Inc →
Recent news
External third-party headlines (Yahoo Finance, Reuters and others), not an editorial selection.
- Do UMH’s Stronger 2026 Results and Reaffirmed Guidance Refine the Core Investment Story for UMH (UMH)?
- UMH outlines plan to fill 800+ new rental homes in 2026 while maintaining normalized FFO guidance of $0.98 to $1.04 per share
- UMH Properties (UMH) Tops Q2 FFO Estimates
- UMH PROPERTIES, INC. REPORTS RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2026
Peer Group
REIT - Residential · 57 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs REIT - Residential median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more REIT - Residential stocks, each showing price versus our Fair Value estimate (as of Jul 27, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| AvalonBay Communities, Inc AVB | $190.80 | $126.12 | -34% |
| EQR EQR | $67.86 | $38.10 | -44% |
| Essex Property Trust, Inc ESS | $293.46 | $177.90 | -39% |
| Invitation Homes INVH | $29.78 | $16.82 | -44% |
| Mid-America Apartment Communities, Inc MAA | $133.88 | $65.28 | -51% |
| Sun Communities, Inc SUI | $121.83 | $114.79 | -6% |
| UDR, Inc UDR | $39.59 | $19.76 | -50% |
| American Homes 4 Rent (AMH or the General Partner) AMH | $33.11 | $21.44 | -35% |
| Equity LifeStyle Properties, Inc ELS | $66.05 | $21.27 | -68% |
| Camden Property Trust, an S&P 500 Company CPT | $113.73 | $41.87 | -63% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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