UMH Properties, Inc. (WXE)

Profile

https://www.umh.reit

UMH Properties, Inc. is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of manufactured home communities. Founded in 1968 and headquartered in Freehold, New Jersey, UMH maintains a significant portfolio, comprising over 140 communities and approximately 26,700 developed homesites spread across several U.S. states including New Jersey, New York, Ohio, Pennsylvania, Tennessee, and others. The company's primary function is to provide affordable housing options through leasing home sites to private homeowners on a monthly basis, as well as renting a substantial number of homes and self-storage units within its communities. UMH is recognized for its commitment to quality and innovation in the manufactured housing sector, regularly earning industry awards for community operations and design. Beyond core operations, UMH also sells and finances manufactured homes through its subsidiary, and strategically holds land for future development. In the wider financial market, UMH serves as a stable provider of recession-resistant income streams, catering to the enduring demand for affordable, accessible residential housing while demonstrating a long-standing track record as a sector leader in real estate investment trusts.