UMH Properties
REIT owning and operating manufactured home communities.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
| investor | €0.0 | round | |
| investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
* | N/A | $80.2m | Post IPO Debt |
| Total Funding | 000k | ||
| USD | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | 14 % | 5 % | 13 % | 9 % | 10 % | 8 % | - |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | 45 % | 42 % | 44 % | 46 % | 48 % | 48 % | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | 27 % | (2 %) | 4 % | 9 % | 4 % | 7 % | - |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Company filings or news article, Equity research estimates
Related Content
In 1968, a lawyer named Eugene W. Landy saw a future in a housing sector others overlooked: manufactured homes. He founded United Mobile Homes, Inc., now known as UMH Properties, based on the simple premise that providing affordable, quality housing was a sustainable business. The company started in New Jersey and focused on acquiring and improving manufactured home communities. The business model was straightforward: buy land, improve the infrastructure, and then either rent the homesites to people who owned their manufactured home or rent out company-owned homes. This strategy provided a solution to the growing affordable housing crisis in America. A pivotal moment arrived in 1985 when the company transitioned into a Real Estate Investment Trust (REIT) and went public on the New York Stock Exchange. This move was crucial, as it unlocked access to public capital markets, fueling a new era of growth and acquisitions. With this new financial power, UMH began to expand geographically, moving beyond New Jersey into states like Pennsylvania and Ohio. Today, the company, with Eugene's son Samuel A. Landy as President and CEO, owns and operates over 135 communities across a dozen states, a testament to the founder's original vision.