MEDIUMBuilt-inProperty_type
manufactured housing/residential sector
“10-K Item 1A: 'Our investments in real estate assets are primarily concentrated in the manufactured housing/residential sector.'”
UMH · Concentration risk · 10-K extracted
UMH Properties (UMH) concentration risks
Updated
The most significant concentration UMH Properties discloses is manufactured housing/residential sector, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: UMH Properties’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 2 disclosed concentrations
HIGH0
MEDIUM2
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
MEDIUMBuilt-inGeographic
Eastern United States
“10-K Item 1A: 'As a result of the geographic concentration of our properties in the Eastern United States, we are exposed to the risks of downturns in the local economy'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06UMH Properties' disclosed concentration spans two structural dimensions rather than customer-specific dependencies. The company's real estate investments are primarily concentrated in the manufactured housing/residential sector, a share disclosed at a medium level, and its properties are also geographically concentrated in the Eastern United States, also disclosed at a medium level. Both exposures are classified as structural, meaning they describe the fundamental shape of UMH's portfolio — what kind of properties it owns and where they are located — rather than reliance on any single tenant, customer, or counterparty. Because both exposures are structural rather than dependency-type, they are unlikely to shift quickly; they reflect long-term portfolio construction rather than a risk tied to any negotiable relationship. That said, the two exposures compound each other: a downturn affecting manufactured housing demand combined with a regional downturn in the Eastern United States would hit the same portfolio from two directions rather than being diversified apart. For investors, UMH's risk profile is best understood as that of a REIT deliberately specialized in one property type and one region, where sector-specific and regional economic conditions matter more than customer-specific developments.
For the engine’s reasoning on UMH’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · REIT - Residential
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AMH | American Homes 4 Rent | 2 | 0 | 0 | 2 |
| CSR | D/B/A Centerspace | 2 | 0 | 0 | 2 |
| CPT | Camden Property Trust | 1 | 0 | 0 | 1 |
| UMH● | UMH Properties, Inc. | 0 | 2 | 0 | 2 |
| AIV | Apartment Investment and Manage | 0 | 1 | 0 | 1 |
| AVB | AvalonBay Communities, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.