Mission Statement, Vision, & Core Values of UMH Properties, Inc. (UMH)

Have you ever wondered what drives a company like UMH Properties, Inc. (UMH), especially when they've achieved an equity market capitalization of over $1.5 billion? Understanding their mission, vision, and core values provides insight into their strategic direction and commitment to stakeholders. With a 24% increase in share price in 2024, discover the principles guiding this successful real estate investment trust.

What exactly does UMH Properties aim to achieve, and how do they plan to get there? Delving into their mission statement, vision, and core values will help you understand the foundation upon which they operate and how they continue to deliver value in the manufactured housing market, especially after a year where they increased total income by 9% to $240.6 million.

UMH Properties, Inc. (UMH) An Overview of

UMH Properties, Inc., established in 1968 and public since 1985, specializes in the ownership and management of manufactured home communities. As of April 2025, the company owns and operates 133 communities with approximately 25,700 developed homesites. These communities are spread across 12 states, primarily in the East Coast, Midwest, and South.

UMH Properties generates revenue through several key activities:

• Rental Income: Renting homesites within their communities.
• Home Sales: Selling manufactured homes to individuals for placement within their communities or elsewhere.
• Management and Other Services: Providing various services related to community management and operations.

In the fiscal year 2024, UMH Properties reported a record total income of $242.4 million, marking a 14% increase compared to $212.6 million in 2023. This impressive growth was primarily fueled by a significant rise in rental income, which reached $214.9 million, up from $187.7 million the previous year. The company's occupancy rate also saw a boost, climbing to 88.7% compared to 87.2% in the prior year.

UMH Properties has demonstrated robust financial performance and strategic growth, solidifying its position as a leader in the manufactured housing sector. Its commitment to providing quality, affordable housing options, combined with effective management and strategic investments, underpins its success.

To further understand the financial underpinnings of UMH Properties, explore: Breaking Down UMH Properties, Inc. (UMH) Financial Health: Key Insights for Investors

UMH Properties, Inc. (UMH) Mission Statement

The mission of UMH Properties, Inc. is to provide quality affordable housing to all who need it. Since 1968, UMH has been committed to offering accessible and inclusive home buying, renting, and investing experiences.

UMH's approach involves:

• Building contemporary communities where residents are happy to call home.
• Providing America's workforce with the best value in housing.
• Offering solutions for both renting and buying homes, based on customers' short-term or long-term needs.
• Enriching the lives of all stakeholders by providing a quality living experience, engaging in local community outreach, and maintaining high corporate governance and investor relations.

The company aims to fill the gap in affordable housing by building low-cost, high-quality, well-managed manufactured home communities.

Here's an analysis of the core components of UMH's mission statement:

Providing Quality Affordable Housing

UMH Properties focuses on delivering housing options that are both high in quality and affordable. This commitment addresses a critical need, as nearly 70% of U.S. households cannot afford the median housing price of $454,900.

Key strategies include:

• Efficient Production: Utilizing climate-controlled factories to build manufactured homes more efficiently.
• Cost Savings: Passing savings on to consumers, offering high-quality homes at affordable prices.
• Competitive Financing: Providing financing options that make homeownership more accessible than renting an apartment.

In 2021, UMH sold a combination of 370 new and used homes at an average sales price of $73,000, highlighting its commitment to affordable housing solutions. In 2024, sales revenue grew by 8% to $33.5 million, with an increase in gross sales margin from 32% in 2023 to 35% in 2024.

Building Contemporary Communities

UMH is dedicated to creating communities where residents are proud to live. These communities are designed to revitalize and redevelop economically depressed areas, including properties in designated opportunity zones.

Efforts include:

• Community Upgrades: Investing in environmentally friendly initiatives to conserve energy and natural resources.
• Resident Satisfaction: Ensuring well-maintained communities that residents are proud to call home.
• Community Development: Adding new lots and expanding communities to meet the growing demand for affordable housing.

UMH operates 139 communities with 26,300 developed homesites across 12 states as of April 2025. The company also owns approximately 2,400 acres of land for future development.

Enriching the Lives of Stakeholders

UMH is committed to enriching the lives of its employees, residents, neighbors, and shareholders. This commitment is reflected in various initiatives:

• Equal Opportunity Employer: Valuing diversity at all levels and conducting regular training seminars to prevent harassment and discrimination.
• Community Support: Engaging in local community outreach and supporting initiatives that promote and preserve open space.
• Sustainable Practices: Implementing environmentally friendly initiatives to conserve energy and natural resources.
• Fair Treatment: Treating residents and associates fairly, recognizing that all contractual relations require good faith and fair dealing.

UMH's dedication to social responsibility is evident in its efforts to provide safe, affordable housing and create a sense of stability for its customers. The company's income is recognized as 100% social by Sustainalytics, MSCI, and HUD.

UMH believes in enriching the lives of people impacted by our operations, including our employees, residents, neighbors, and other stakeholders. The past few years have been demanding on everyone, with the challenges from COVID-19 being consistent and impactful. Our ability to rise to the call and provide residents with safe, affordable housing has been an outstanding achievement, creating a sense of stability in a time of uncertainty for our customers.

For additional insights into UMH Properties, Inc., explore: Exploring UMH Properties, Inc. (UMH) Investor Profile: Who’s Buying and Why?

UMH Properties, Inc. (UMH) Vision Statement of

UMH Properties, Inc. (UMH) operates as a Real Estate Investment Trust (REIT) specializing in the ownership and management of manufactured home communities. Understanding UMH's vision, mission, and core values provides insight into their strategic objectives and operational philosophy. As of April 2025, the company's focus remains on enhancing shareholder value through strategic investments and operational excellence. For more information, you might find this resource helpful: Exploring UMH Properties, Inc. (UMH) Investor Profile: Who’s Buying and Why?

While specific, publicly declared vision statements can evolve, we can infer UMH's vision from their actions, investor presentations, and company statements. Here's a breakdown of what that vision likely encompasses:

Growth and Expansion

A key component of UMH's vision is continuous growth and expansion within the manufactured housing sector. This involves:

• Acquiring well-located manufactured home communities in growth markets.
• Expanding existing communities by adding new homesites.
• Investing in community infrastructure and amenities to attract residents.

In 2024, UMH Properties reported owning and operating 134 manufactured home communities with approximately 25,700 developed homesites. Their strategic focus includes identifying and capitalizing on opportunities to increase their footprint in areas with strong demand for affordable housing.

Operational Excellence

UMH aims to achieve operational excellence through:

• Maintaining high occupancy rates in their communities.
• Efficiently managing operating expenses.
• Providing exceptional customer service to residents.

As of the 2024 fiscal year, UMH has demonstrated its commitment to operational efficiency by maintaining an average occupancy rate of approximately 85-90% across its portfolio. This focus helps drive consistent revenue and profitability.

Financial Performance

A core element of UMH's vision is delivering strong financial performance and maximizing shareholder value. This includes:

• Generating consistent revenue and net operating income (NOI) growth.
• Maintaining a strong balance sheet with prudent leverage.
• Distributing attractive dividends to shareholders.

In 2024, UMH Properties highlighted its commitment to shareholder returns, with dividend payouts reflecting a competitive yield within the REIT sector. The company's financial strategy focuses on balancing growth with maintaining a healthy financial position.

Sustainability and Community Development

Increasingly, companies like UMH are focusing on sustainable practices and community development. This may include:

• Implementing energy-efficient technologies in communities.
• Supporting local community initiatives.
• Providing residents with access to resources and services.

While specific initiatives may vary, UMH's long-term vision likely incorporates elements of social responsibility and environmental stewardship, aligning with broader trends in the real estate industry.

UMH Properties, Inc. (UMH) Core Values of

While specific, formally published core values for UMH Properties, Inc. are not readily available, a strong understanding of their operational priorities and business conduct can be inferred from their activities, financial reporting, and investor communications. These inferred values reflect a commitment to stakeholders and sustainable business practices.

Here are some inferred core values for Company:

Financial Stability and Growth:

Company's primary objective is to maximize shareholder value through strategic investments and operational efficiencies. This inferred value is evident in their consistent efforts to expand their portfolio of manufactured home communities and improve occupancy rates.

• In 2024, Company reported total revenues of $231.9 million, an increase of 14.1% compared to $203.3 million in 2023.
• The Company's Funds From Operations (FFO) increased by 15.4% to $92.7 million in 2024.
• Company actively manages its debt and equity to maintain a strong balance sheet, ensuring long-term financial health.

Community Focus and Resident Satisfaction:

Company aims to provide affordable, quality housing and foster a sense of community within their properties. This involves not only maintaining and improving the physical infrastructure but also engaging with residents to address their needs and concerns.

• Company invests in community amenities and infrastructure to enhance the living experience for residents.
• They implement resident programs and initiatives to foster a sense of belonging and community spirit.
• Company focuses on maintaining high occupancy rates, indicating resident satisfaction and community appeal.

Operational Excellence and Efficiency:

Company focuses on streamlining operations, leveraging technology, and implementing best practices to optimize performance and profitability. This includes efficient property management, cost control measures, and strategic capital allocation.

• Company continuously seeks ways to improve operational efficiency and reduce costs.
• They utilize technology to enhance property management and resident services.
• Company strategically allocates capital to maximize returns and drive growth.

Ethical Conduct and Transparency:

Company is committed to conducting business with integrity, transparency, and accountability. This includes adhering to all applicable laws and regulations, maintaining ethical business practices, and providing clear and accurate information to investors and stakeholders.

• Company maintains a strong focus on compliance and ethical business practices.
• They provide transparent and accurate financial reporting to investors.
• Company fosters a culture of integrity and accountability throughout the organization.

These inferred core values reflect Company's commitment to financial performance, community development, operational excellence, and ethical conduct. While not explicitly stated, these values guide Company's actions and contribute to its success in the manufactured housing industry.

To gain further insights into Company's background, mission, and operational strategies, explore: UMH Properties, Inc. (UMH): History, Ownership, Mission, How It Works & Makes Money