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UMH Properties CEO points to manufactured housing demand and REIT capital

UMH Properties says it has about $200 million invested in projects not yet generating income, while its dividend yield is around 6%.

Reported · Written up by our desk · REITs

UMH Properties CEO Sam Landy said affordability pressures are continuing to boost demand for manufactured housing, with UMH’s rental home strategy designed to convert renters into future homeowners after they experience the communities’ value, space, and lifestyle, according to a video interview at Nareit’s REITweek: 2026 Investor Conference in New York on June 1-4.

Landy also argued that investors may be underestimating UMH’s long-term earnings potential. He said the company’s dividend currently yields about 6%, and he pointed to roughly $200 million invested in projects that have not begun generating income.

UMH expects supportive momentum from policymakers, citing financing initiatives and housing legislation that it believes could improve access to affordable homeownership.

Finally, Landy emphasized UMH’s REIT structure as a key competitive advantage, saying being a REIT gives the company access to capital to acquire and modernize older communities, add new rental homes, and generate returns that private owners may find harder to match.

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