v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
Investment Property and Equipment    
Land $ 93,361 $ 92,824
Site and Land Improvements 1,110,686 1,093,424
Buildings and Improvements 52,583 51,524
Rental Homes and Accessories 664,528 631,618
Total Investment Property 1,921,158 1,869,390
Equipment and Vehicles 37,214 35,889
Total Investment Property and Equipment 1,958,372 1,905,279
Accumulated Depreciation (567,712) (533,864)
Net Investment Property and Equipment 1,390,660 1,371,415
Other Assets    
Cash and Cash Equivalents 28,622 72,100
Marketable Securities at Fair Value 29,665 23,758
Inventory of Manufactured Homes 41,673 42,370
Notes and Other Receivables, net 110,506 104,587
Prepaid Expenses and Other Assets 16,951 13,778
Land Development Costs 63,447 39,898
Investment in Joint Ventures 31,399 31,130
Total Other Assets 322,263 327,621
TOTAL ASSETS 1,712,923 1,699,036
LIABILITIES:    
Mortgages Payable, net of unamortized debt issuance costs 545,374 556,129
Other Liabilities:    
Accounts Payable 7,911 5,663
Loans Payable, net of unamortized debt issuance costs 65,777 27,696
Series A Bonds, net of unamortized debt issuance costs 102,175 101,751
Series B Bonds, net of unamortized debt issuance costs 76,160 75,651
Accrued Liabilities and Deposits 12,240 14,115
Tenant Security Deposits 11,398 10,835
Total Other Liabilities 275,661 235,711
Total Liabilities 821,035 791,840
Commitments and Contingencies
Shareholders’ Equity:    
Series D – 6.375% Cumulative Redeemable Preferred Stock, $0.10 par value per share, 18,700 shares authorized as of June 30, 2026 and December 31, 2025; 13,335 and 12,916 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 333,386 322,899
Common Stock - $0.10 par value per share, 183,714 shares authorized as of June 30, 2026 and December 31, 2025; 85,307 and 84,850 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively 8,531 8,485
Excess Stock - $0.10 par value per share, 3,000 shares authorized; no shares issued or outstanding as of June 30, 2026 and December 31, 2025 (0) (0)
Additional Paid-In Capital 573,810 599,520
Accumulated Deficit (25,364) (25,364)
Total UMH Properties, Inc. Shareholders’ Equity 890,363 905,540
Non-Controlling Interest in Consolidated Subsidiaries 1,525 1,656
Total Shareholders’ Equity 891,888 907,196
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,712,923 $ 1,699,036