UMH Properties Q2 revenue +7.5% to $71.6M, net income +74.5% to $4.4M; Nuveen JV adds put right

Filed August 5, 2026 · Period ending June 30, 2026 · Compared to 10-Q Aug 6, 2025 · ~1 min read

Key Changes

• high

  Nuveen JV amended: UMH can increase ownership by funding more, but Nuveen gains a put right after Dec 31, 2027 to force UMH to buy its 60% interest for $41.7M cash.

  Legal Proceedings / Risk Factors view on EDGAR →
• high

  Interest expense jumped 31% to $9.7M in Q2 on higher debt ($775.4M avg) and rates (4.9%), pressuring earnings despite revenue growth.

  MD&A: Interest Expense verify on EDGAR →
• high

  Cash fell to $28.6M from $79.2M a year ago, but credit facility expanded to $260M with up to $600M accordion and lower rates.

  MD&A: Liquidity verify on EDGAR →