v3.26.3
Consolidated Balance Sheets - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
Investment Property and Equipment    
Land $ 93,361 $ 92,824
Site and Land Improvements 1,123,213 1,093,424
Buildings and Improvements 52,589 51,524
Rental Homes and Accessories 682,098 631,618
Total Investment Property 1,951,261 1,869,390
Equipment and Vehicles 37,680 35,889
Total Investment Property and Equipment 1,988,941 1,905,279
Accumulated Depreciation (584,984) (533,864)
Net Investment Property and Equipment 1,403,957 1,371,415
Other Assets    
Cash and Cash Equivalents 38,206 72,100
Marketable Securities at Fair Value 25,606 23,758
Inventory of Manufactured Homes 47,050 42,370
Notes and Other Receivables, net 116,073 104,587
Prepaid Expenses and Other Assets 18,450 13,778
Land Development Costs 81,667 39,898
Investment in Joint Ventures 34,168 31,130
Total Other Assets 361,220 327,621
TOTAL ASSETS 1,765,177 1,699,036
LIABILITIES:    
Mortgages Payable, net of unamortized debt issuance costs 543,177 556,129
Other Liabilities:    
Accounts Payable 7,432 5,663
Loans Payable, net of unamortized debt issuance costs 128,383 27,696
Series A Bonds, net of unamortized debt issuance costs 102,387 101,751
Series B Bonds, net of unamortized debt issuance costs 76,414 75,651
Accrued Liabilities and Deposits 15,160 14,115
Tenant Security Deposits 11,580 10,835
Total Other Liabilities 341,356 235,711
Total Liabilities 884,533 791,840
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 September 30, 2026 and December 31, 2025; 13,580 and 12,916 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 339,502 322,899
Common Stock - $0.10 par value per share, 183,714 shares authorized as of September 30, 2026 and December 31, 2025; 85,602 and 84,850 shares issued and outstanding as of September 30, 2026 and December 31, 2025, respectively 8,560 8,485
Excess Stock - $0.10 par value per share, 3,000 shares authorized; no shares issued or outstanding as of September 30, 2026 and December 31, 2025 (0) (0)
Additional Paid-In Capital 556,502 599,520
Accumulated Deficit (25,364) (25,364)
Total UMH Properties, Inc. Shareholders’ Equity 879,200 905,540
Non-Controlling Interest in Consolidated Subsidiaries 1,444 1,656
Total Shareholders’ Equity 880,644 907,196
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 1,765,177 $ 1,699,036