Annual Income Statements for UMH Properties
This table shows UMH Properties' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.
Quarterly Income Statements for UMH Properties
This table shows UMH Properties' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.
| Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
| Net Income / (Loss) Attributable to Common Shareholders |
|
-9.75 |
0.28 |
-5.30 |
-4.42 |
-5.83 |
6.83 |
-6.26 |
0.53 |
8.18 |
0.03 |
-0.27 |
| Consolidated Net Income / (Loss) |
|
-5.22 |
3.66 |
-1.50 |
-0.40 |
-1.50 |
11 |
-1.63 |
5.18 |
13 |
4.98 |
4.81 |
| Net Income / (Loss) Continuing Operations |
|
-5.22 |
3.66 |
-1.50 |
-0.40 |
-1.50 |
11 |
-1.63 |
5.18 |
13 |
4.98 |
4.81 |
| Total Pre-Tax Income |
|
-5.21 |
3.73 |
-1.53 |
-0.41 |
-1.47 |
11 |
-1.62 |
5.19 |
13 |
5.00 |
4.81 |
| Total Revenue |
|
52 |
48 |
54 |
55 |
56 |
56 |
59 |
57 |
61 |
64 |
61 |
| Net Interest Income / (Expense) |
|
0.00 |
-0.91 |
1.14 |
0.00 |
0.00 |
-1.14 |
1.57 |
0.00 |
0.00 |
-1.57 |
0.00 |
| Total Interest Income |
|
0.00 |
-0.91 |
1.14 |
0.00 |
0.00 |
-1.14 |
1.57 |
0.00 |
0.00 |
-1.57 |
0.00 |
| Total Interest Expense |
|
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
0.00 |
0.00 |
- |
0.00 |
| Total Non-Interest Income |
|
52 |
49 |
53 |
55 |
56 |
57 |
58 |
57 |
61 |
66 |
61 |
| Other Non-Interest Income |
|
52 |
49 |
53 |
55 |
56 |
57 |
58 |
60 |
61 |
62 |
61 |
| Total Non-Interest Expense |
|
45 |
43 |
45 |
46 |
46 |
47 |
48 |
49 |
49 |
51 |
52 |
| Other Operating Expenses |
|
32 |
30 |
32 |
33 |
32 |
32 |
34 |
34 |
34 |
36 |
35 |
| Depreciation Expense |
|
12 |
13 |
13 |
14 |
14 |
14 |
15 |
15 |
15 |
16 |
17 |
| Nonoperating Income / (Expense), net |
|
-13 |
-1.52 |
-10.00 |
-9.33 |
-11 |
2.36 |
-12 |
-2.05 |
1.22 |
-7.62 |
-4.76 |
| Other Gains / (Losses), net |
|
-0.01 |
-0.07 |
0.03 |
0.01 |
-0.03 |
-0.01 |
-0.00 |
-0.01 |
-0.08 |
-0.02 |
-0.00 |
| Preferred Stock Dividends Declared |
|
4.59 |
3.43 |
3.84 |
4.05 |
4.36 |
4.47 |
4.67 |
4.71 |
4.78 |
5.00 |
5.13 |
| Net Income / (Loss) Attributable to Noncontrolling Interest |
|
-0.06 |
-0.06 |
-0.04 |
-0.04 |
-0.03 |
-0.05 |
-0.03 |
-0.06 |
-0.06 |
-0.04 |
-0.05 |
| Basic Earnings per Share |
|
($0.18) |
$0.01 |
($0.09) |
($0.07) |
($0.09) |
$0.10 |
($0.09) |
$0.01 |
$0.11 |
- |
$0.00 |
| Weighted Average Basic Shares Outstanding |
|
54.89M |
54.39M |
59.09M |
61.24M |
65.08M |
63.07M |
69.13M |
71.42M |
75.61M |
74.11M |
82.39M |
| Diluted Earnings per Share |
|
($0.18) |
- |
($0.09) |
($0.07) |
($0.09) |
$0.10 |
($0.09) |
$0.01 |
$0.11 |
- |
$0.00 |
| Weighted Average Diluted Shares Outstanding |
|
54.89M |
55.33M |
59.09M |
61.76M |
65.55M |
63.68M |
69.13M |
71.88M |
76.56M |
74.91M |
83.34M |
| Weighted Average Basic & Diluted Shares Outstanding |
|
55.74M |
59.64M |
60.72M |
65.27M |
66.40M |
69.34M |
70.40M |
73.55M |
78.90M |
82.46M |
84.08M |
Annual Cash Flow Statements for UMH Properties
This table details how cash moves in and out of UMH Properties' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.
| Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Net Change in Cash & Equivalents |
|
0.47 |
-1.55 |
-2.47 |
19 |
-15 |
6.22 |
9.60 |
96 |
-84 |
24 |
44 |
| Net Cash From Operating Activities |
|
24 |
26 |
29 |
41 |
40 |
39 |
67 |
65 |
-7.23 |
120 |
82 |
| Net Cash From Continuing Operating Activities |
|
24 |
23 |
29 |
41 |
40 |
39 |
67 |
65 |
-7.23 |
120 |
82 |
| Net Income / (Loss) Continuing Operations |
|
4.24 |
2.14 |
12 |
13 |
-36 |
28 |
5.06 |
51 |
-4.97 |
7.85 |
21 |
| Consolidated Net Income / (Loss) |
|
4.24 |
2.14 |
12 |
13 |
-36 |
28 |
5.06 |
51 |
-4.97 |
7.85 |
21 |
| Provision For Loan Losses |
|
1.02 |
1.12 |
0.91 |
1.27 |
1.23 |
1.41 |
1.55 |
1.21 |
1.50 |
2.06 |
2.08 |
| Depreciation Expense |
|
15 |
19 |
23 |
28 |
32 |
37 |
42 |
45 |
49 |
56 |
60 |
| Amortization Expense |
|
0.52 |
0.83 |
0.73 |
0.66 |
0.63 |
0.76 |
1.03 |
1.00 |
1.96 |
2.14 |
2.38 |
| Non-Cash Adjustments to Reconcile Net Income |
|
-0.63 |
0.73 |
-1.22 |
-0.35 |
53 |
2.05 |
1.54 |
1.28 |
21 |
9.48 |
9.57 |
| Changes in Operating Assets and Liabilities, net |
|
4.01 |
2.00 |
-5.97 |
-0.95 |
-11 |
-30 |
16 |
-35 |
-76 |
43 |
-14 |
| Net Cash From Investing Activities |
|
-56 |
-149 |
-78 |
-153 |
-138 |
-122 |
-104 |
-94 |
-125 |
-166 |
-140 |
| Net Cash From Continuing Investing Activities |
|
-56 |
-149 |
-78 |
-153 |
-138 |
-122 |
-104 |
-94 |
-125 |
-166 |
-140 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
-42 |
-51 |
-58 |
-62 |
-53 |
-65 |
-77 |
-59 |
-81 |
-124 |
-92 |
| Purchase of Investment Securities |
|
-26 |
-103 |
-35 |
-111 |
-88 |
-61 |
-30 |
-55 |
-103 |
-49 |
-53 |
| Sale of Property, Leasehold Improvements and Equipment |
|
- |
- |
- |
- |
- |
2.75 |
2.66 |
2.86 |
3.10 |
3.05 |
5.28 |
| Sale and/or Maturity of Investments |
|
12 |
5.41 |
16 |
20 |
3.02 |
0.13 |
0.00 |
17 |
56 |
4.32 |
0.04 |
| Net Cash From Financing Activities |
|
32 |
121 |
46 |
131 |
82 |
90 |
47 |
126 |
48 |
69 |
103 |
| Net Cash From Continuing Financing Activities |
|
32 |
121 |
46 |
131 |
82 |
90 |
47 |
126 |
48 |
69 |
103 |
| Issuance of Debt |
|
28 |
139 |
32 |
71 |
52 |
45 |
109 |
-34 |
270 |
-1.80 |
0.00 |
| Issuance of Common Equity |
|
31 |
23 |
20 |
80 |
30 |
40 |
102 |
59 |
115 |
62 |
35 |
| Repayment of Debt |
|
-4.64 |
-57 |
-25 |
-35 |
-6.87 |
-46 |
-7.12 |
-26 |
-24 |
-70 |
-77 |
| Repurchase of Preferred Equity |
|
- |
0.00 |
0.00 |
-92 |
0.00 |
0.00 |
-95 |
0.00 |
-247 |
0.00 |
0.00 |
| Payment of Dividends |
|
-22 |
-24 |
-32 |
-37 |
-42 |
-47 |
-59 |
-61 |
-65 |
-66 |
-78 |
| Other Financing Activities, Net |
|
-0.46 |
-2.14 |
1.82 |
4.80 |
0.64 |
1.85 |
-2.34 |
188 |
-0.02 |
145 |
223 |
Quarterly Cash Flow Statements for UMH Properties
This table details how cash moves in and out of UMH Properties' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.
| Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
| Net Change in Cash & Equivalents |
|
-214 |
-30 |
2.19 |
6.13 |
-3.62 |
19 |
-15 |
1.67 |
24 |
34 |
-62 |
| Net Cash From Operating Activities |
|
-0.33 |
-12 |
13 |
40 |
38 |
29 |
19 |
19 |
17 |
27 |
13 |
| Net Cash From Continuing Operating Activities |
|
-0.33 |
-12 |
13 |
40 |
38 |
29 |
19 |
19 |
17 |
27 |
13 |
| Net Income / (Loss) Continuing Operations |
|
-5.22 |
3.66 |
-1.50 |
-0.40 |
-1.50 |
11 |
-1.63 |
5.18 |
13 |
4.98 |
4.81 |
| Consolidated Net Income / (Loss) |
|
-5.22 |
3.66 |
-1.50 |
-0.40 |
-1.50 |
11 |
-1.63 |
5.18 |
13 |
4.98 |
4.81 |
| Provision For Loan Losses |
|
0.37 |
0.52 |
0.36 |
0.44 |
0.54 |
0.73 |
0.46 |
0.33 |
0.51 |
0.78 |
0.45 |
| Depreciation Expense |
|
12 |
13 |
13 |
14 |
14 |
14 |
15 |
15 |
15 |
16 |
17 |
| Amortization Expense |
|
0.51 |
0.51 |
0.52 |
0.54 |
0.54 |
0.54 |
0.56 |
0.61 |
0.61 |
0.61 |
0.60 |
| Non-Cash Adjustments to Reconcile Net Income |
|
-34 |
42 |
4.28 |
-0.70 |
11 |
-5.58 |
6.97 |
-0.17 |
-1.98 |
4.75 |
3.56 |
| Changes in Operating Assets and Liabilities, net |
|
25 |
-71 |
-3.74 |
26 |
13 |
7.75 |
-2.06 |
-2.40 |
-10 |
0.35 |
-13 |
| Net Cash From Investing Activities |
|
-59 |
-66 |
-41 |
-54 |
-41 |
-30 |
-25 |
-33 |
-38 |
-43 |
-56 |
| Net Cash From Continuing Investing Activities |
|
-59 |
-66 |
-41 |
-54 |
-41 |
-30 |
-25 |
-33 |
-38 |
-43 |
-56 |
| Purchase of Property, Leasehold Improvements and Equipment |
|
-25 |
-27 |
-27 |
-48 |
-34 |
-15 |
-18 |
-23 |
-27 |
-25 |
-21 |
| Purchase of Investment Securities |
|
-35 |
-40 |
-15 |
-6.76 |
-12 |
-15 |
-8.60 |
-11 |
-13 |
-20 |
-37 |
| Sale of Property, Leasehold Improvements and Equipment |
|
0.64 |
0.58 |
0.63 |
0.70 |
0.95 |
0.77 |
1.03 |
1.31 |
1.54 |
1.39 |
1.00 |
| Net Cash From Financing Activities |
|
-154 |
49 |
29 |
20 |
-0.40 |
20 |
-8.85 |
16 |
45 |
50 |
-19 |
| Net Cash From Continuing Financing Activities |
|
-154 |
49 |
29 |
20 |
-0.40 |
20 |
-8.85 |
16 |
45 |
50 |
-19 |
| Issuance of Debt |
|
103 |
27 |
38 |
-8.46 |
-38 |
6.54 |
-16 |
0.21 |
-52 |
67 |
0.37 |
| Issuance of Common Equity |
|
1.82 |
112 |
55 |
-18 |
14 |
11 |
6.16 |
2.40 |
12 |
14 |
12 |
| Repayment of Debt |
|
-3.07 |
-12 |
-48 |
-16 |
-2.85 |
-2.89 |
-2.95 |
-2.97 |
-2.97 |
-68 |
-9.39 |
| Payment of Dividends |
|
-16 |
-14 |
-15 |
-16 |
-17 |
-17 |
-18 |
-19 |
-20 |
-21 |
-22 |
| Other Financing Activities, Net |
|
7.27 |
-63 |
-0.36 |
79 |
44 |
23 |
22 |
36 |
108 |
57 |
0.35 |
Annual Balance Sheets for UMH Properties
This table presents UMH Properties' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Total Assets |
|
478 |
600 |
680 |
824 |
881 |
1,025 |
1,089 |
1,271 |
1,345 |
1,428 |
1,564 |
| Cash and Due from Banks |
|
8.08 |
6.54 |
4.22 |
23 |
7.43 |
13 |
15 |
116 |
30 |
57 |
100 |
| Trading Account Securities |
|
64 |
75 |
109 |
133 |
100 |
116 |
103 |
114 |
42 |
35 |
32 |
| Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Premises and Equipment, Net |
|
367 |
480 |
525 |
621 |
712 |
1,831 |
879 |
936 |
1,078 |
1,185 |
1,263 |
| Other Assets |
|
38 |
38 |
42 |
46 |
61 |
-935 |
92 |
105 |
194 |
151 |
169 |
| Total Liabilities & Shareholders' Equity |
|
478 |
600 |
680 |
824 |
881 |
1,025 |
1,089 |
1,271 |
1,345 |
1,428 |
1,564 |
| Total Liabilities |
|
269 |
354 |
363 |
403 |
456 |
479 |
588 |
529 |
793 |
721 |
648 |
| Non-Interest Bearing Deposits |
|
7.51 |
10 |
9.14 |
10 |
13 |
17 |
25 |
25 |
25 |
25 |
25 |
| Long-Term Debt |
|
260 |
341 |
351 |
390 |
439 |
457 |
558 |
499 |
762 |
690 |
615 |
| Other Long-Term Liabilities |
|
- |
- |
- |
- |
- |
4.57 |
- |
4.27 |
6.39 |
6.11 |
7.98 |
| Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Equity & Noncontrolling Interests |
|
209 |
246 |
317 |
421 |
425 |
546 |
502 |
742 |
551 |
707 |
916 |
| Total Preferred & Common Equity |
|
209 |
246 |
317 |
421 |
425 |
546 |
502 |
742 |
549 |
705 |
914 |
| Preferred Stock |
|
92 |
- |
- |
- |
289 |
95 |
408 |
- |
225 |
290 |
321 |
| Total Common Equity |
|
117 |
246 |
317 |
421 |
136 |
451 |
94 |
742 |
324 |
415 |
593 |
| Common Stock |
|
113 |
112 |
114 |
172 |
161 |
167 |
119 |
305 |
349 |
440 |
619 |
| Retained Earnings |
|
-0.67 |
-0.67 |
-0.67 |
-0.67 |
-25 |
-25 |
-25 |
-25 |
-25 |
-25 |
-25 |
| Other Equity Adjustments |
|
0.00 |
137 |
187 |
239 |
0.00 |
310 |
0.00 |
462 |
0.00 |
0.00 |
0.00 |
| Noncontrolling Interest |
|
- |
- |
- |
- |
- |
- |
- |
0.00 |
2.23 |
2.07 |
1.88 |
Quarterly Balance Sheets for UMH Properties
This table presents UMH Properties' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.
| Metric |
|
Q3 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q1 2025 |
| Total Assets |
|
1,267 |
1,370 |
1,394 |
1,393 |
1,416 |
1,441 |
1,502 |
1,549 |
| Cash and Due from Banks |
|
63 |
33 |
41 |
39 |
40 |
39 |
67 |
35 |
| Trading Account Securities |
|
39 |
39 |
37 |
28 |
29 |
29 |
34 |
30 |
| Loans and Leases, Net of Allowance |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Premises and Equipment, Net |
|
1,011 |
1,100 |
1,141 |
1,172 |
1,196 |
1,214 |
1,237 |
1,303 |
| Other Assets |
|
154 |
198 |
175 |
155 |
151 |
160 |
164 |
181 |
| Total Liabilities & Shareholders' Equity |
|
1,267 |
1,370 |
1,394 |
1,393 |
1,416 |
1,441 |
1,502 |
1,549 |
| Total Liabilities |
|
755 |
779 |
756 |
715 |
699 |
697 |
643 |
635 |
| Non-Interest Bearing Deposits |
|
23 |
21 |
22 |
23 |
22 |
23 |
22 |
22 |
| Other Short-Term Payables |
|
- |
- |
6.70 |
- |
- |
- |
- |
7.09 |
| Long-Term Debt |
|
726 |
751 |
727 |
687 |
672 |
669 |
615 |
606 |
| Commitments & Contingencies |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Total Equity & Noncontrolling Interests |
|
512 |
591 |
638 |
678 |
717 |
744 |
858 |
914 |
| Total Preferred & Common Equity |
|
509 |
589 |
636 |
676 |
715 |
742 |
856 |
912 |
| Preferred Stock |
|
215 |
- |
265 |
279 |
295 |
296 |
307 |
322 |
| Total Common Equity |
|
294 |
589 |
371 |
396 |
420 |
446 |
550 |
591 |
| Common Stock |
|
319 |
367 |
396 |
422 |
445 |
472 |
575 |
616 |
| Retained Earnings |
|
-25 |
-25 |
-25 |
-25 |
-25 |
-25 |
-25 |
-25 |
| Other Equity Adjustments |
|
0.00 |
247 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Noncontrolling Interest |
|
2.19 |
2.19 |
2.16 |
2.12 |
2.04 |
1.98 |
1.92 |
1.83 |
Annual Metrics And Ratios for UMH Properties
This table displays calculated financial ratios and metrics derived from UMH Properties' official financial filings.
| Metric |
|
2014 |
2015 |
2016 |
2017 |
2018 |
2019 |
2020 |
2021 |
2022 |
2023 |
2024 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
24.93% |
11.99% |
21.41% |
15.56% |
14.99% |
11.19% |
1.12% |
27.14% |
3.88% |
12.85% |
8.88% |
| EBITDA Growth |
|
99.77% |
21.59% |
35.96% |
15.92% |
14.90% |
8.34% |
-3.30% |
48.05% |
-2.64% |
17.11% |
11.82% |
| EBIT Growth |
|
13,973.44% |
14.09% |
65.47% |
13.03% |
15.49% |
-3.95% |
-35.31% |
180.48% |
-18.67% |
22.35% |
17.55% |
| NOPAT Growth |
|
13,973.44% |
14.09% |
65.47% |
13.03% |
-19.16% |
37.21% |
-35.31% |
180.48% |
-43.07% |
74.78% |
17.55% |
| Net Income Growth |
|
-27.40% |
-49.40% |
437.94% |
9.83% |
-385.89% |
176.62% |
-81.78% |
910.64% |
-109.73% |
257.90% |
173.10% |
| EPS Growth |
|
-66.67% |
-60.00% |
58.33% |
490.00% |
-351.28% |
170.41% |
-204.35% |
162.50% |
-248.89% |
77.61% |
120.00% |
| Operating Cash Flow Growth |
|
116.46% |
5.68% |
13.59% |
39.91% |
-1.67% |
-4.13% |
73.54% |
-2.47% |
-111.09% |
1,761.51% |
-32.04% |
| Free Cash Flow Firm Growth |
|
43.32% |
-80.53% |
39.91% |
-90.75% |
69.16% |
-212.41% |
59.92% |
-192.31% |
63.88% |
5.76% |
-91.06% |
| Invested Capital Growth |
|
17.13% |
25.21% |
13.83% |
21.32% |
6.53% |
16.20% |
6.08% |
16.60% |
5.75% |
6.39% |
9.58% |
| Revenue Q/Q Growth |
|
27.77% |
-2.90% |
-1.21% |
6.96% |
4.12% |
3.01% |
-3.60% |
7.32% |
0.16% |
0.65% |
3.55% |
| EBITDA Q/Q Growth |
|
278.70% |
-12.23% |
-5.13% |
11.34% |
2.79% |
6.09% |
-11.12% |
14.56% |
-3.98% |
-1.08% |
4.95% |
| EBIT Q/Q Growth |
|
199.67% |
-37.05% |
-14.00% |
24.29% |
2.26% |
9.59% |
-38.37% |
36.66% |
-13.91% |
-7.06% |
9.06% |
| NOPAT Q/Q Growth |
|
199.67% |
-37.05% |
-14.00% |
24.29% |
2.26% |
56.55% |
-11.96% |
36.66% |
-39.74% |
-7.06% |
9.06% |
| Net Income Q/Q Growth |
|
118.31% |
-39.32% |
38.43% |
1.23% |
-630.88% |
890.30% |
134.48% |
-10.88% |
-159.34% |
2,966.80% |
-22.64% |
| EPS Q/Q Growth |
|
46.43% |
-60.00% |
44.44% |
269.57% |
-1,300.00% |
475.00% |
14.29% |
0.00% |
0.00% |
0.00% |
-76.92% |
| Operating Cash Flow Q/Q Growth |
|
10.39% |
7.91% |
-11.78% |
10.48% |
10.36% |
-6.76% |
6.10% |
3.89% |
-130.09% |
52.37% |
-2.03% |
| Free Cash Flow Firm Q/Q Growth |
|
26.83% |
-61.54% |
32.90% |
-21.98% |
42.95% |
1.93% |
-253.06% |
21.30% |
-92.59% |
45.60% |
-30.48% |
| Invested Capital Q/Q Growth |
|
2.56% |
8.78% |
1.96% |
5.02% |
1.20% |
1.53% |
9.55% |
5.48% |
6.08% |
2.38% |
3.89% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
33.08% |
35.92% |
40.22% |
40.34% |
40.31% |
39.28% |
37.56% |
43.74% |
40.99% |
42.54% |
43.68% |
| EBIT Margin |
|
11.58% |
11.80% |
16.08% |
15.73% |
15.80% |
13.65% |
8.73% |
19.26% |
15.08% |
16.35% |
17.65% |
| Profit (Net Income) Margin |
|
5.81% |
2.62% |
11.63% |
11.05% |
-27.47% |
18.93% |
3.41% |
27.11% |
-2.54% |
3.55% |
8.91% |
| Tax Burden Percent |
|
100.17% |
96.39% |
99.98% |
99.36% |
100.36% |
99.60% |
26.07% |
99.67% |
103.52% |
100.00% |
99.48% |
| Interest Burden Percent |
|
50.05% |
23.07% |
72.29% |
70.68% |
-173.22% |
139.24% |
149.81% |
141.20% |
-16.27% |
21.73% |
50.76% |
| Effective Tax Rate |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Return on Invested Capital (ROIC) |
|
1.94% |
1.83% |
2.54% |
2.44% |
1.74% |
2.14% |
1.25% |
3.15% |
1.62% |
2.67% |
2.90% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
0.15% |
-0.67% |
1.26% |
0.99% |
-10.52% |
3.87% |
-0.29% |
5.93% |
-2.45% |
-1.23% |
-0.32% |
| Return on Net Nonoperating Assets (RNNOA) |
|
0.18% |
-0.88% |
1.55% |
0.99% |
-10.30% |
3.57% |
-0.29% |
5.07% |
-2.39% |
-1.42% |
-0.26% |
| Return on Equity (ROE) |
|
2.12% |
0.94% |
4.10% |
3.43% |
-8.56% |
5.72% |
0.96% |
8.21% |
-0.77% |
1.25% |
2.64% |
| Cash Return on Invested Capital (CROIC) |
|
-13.84% |
-20.56% |
-10.39% |
-16.83% |
-4.58% |
-12.84% |
-4.65% |
-12.18% |
-3.97% |
-3.53% |
-6.24% |
| Operating Return on Assets (OROA) |
|
1.91% |
1.79% |
2.49% |
2.40% |
2.44% |
2.10% |
1.22% |
3.08% |
2.26% |
2.61% |
2.84% |
| Return on Assets (ROA) |
|
0.96% |
0.40% |
1.80% |
1.68% |
-4.25% |
2.91% |
0.48% |
4.33% |
-0.38% |
0.57% |
1.43% |
| Return on Common Equity (ROCE) |
|
1.15% |
0.75% |
4.10% |
3.43% |
-5.64% |
3.46% |
0.50% |
5.52% |
-0.63% |
0.73% |
1.64% |
| Return on Equity Simple (ROE_SIMPLE) |
|
2.03% |
0.87% |
3.64% |
3.01% |
-8.53% |
5.08% |
1.01% |
6.88% |
-0.91% |
1.11% |
2.35% |
| Net Operating Profit after Tax (NOPAT) |
|
8.45 |
9.64 |
16 |
18 |
15 |
20 |
13 |
36 |
21 |
36 |
42 |
| NOPAT Margin |
|
11.58% |
11.80% |
16.08% |
15.73% |
11.06% |
13.65% |
8.73% |
19.26% |
10.56% |
16.35% |
17.65% |
| Net Nonoperating Expense Percent (NNEP) |
|
1.79% |
2.50% |
1.28% |
1.45% |
12.26% |
-1.73% |
1.55% |
-2.78% |
4.07% |
3.89% |
3.22% |
| SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Operating Expenses to Revenue |
|
88.42% |
88.20% |
83.92% |
84.27% |
84.20% |
86.35% |
91.27% |
80.74% |
84.92% |
83.65% |
82.35% |
| Earnings before Interest and Taxes (EBIT) |
|
8.45 |
9.64 |
16 |
18 |
21 |
20 |
13 |
36 |
30 |
36 |
42 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
24 |
29 |
40 |
46 |
53 |
58 |
56 |
82 |
80 |
94 |
105 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
1.15 |
0.71 |
0.94 |
0.89 |
2.50 |
1.14 |
5.57 |
1.58 |
2.47 |
2.31 |
2.48 |
| Price to Tangible Book Value (P/TBV) |
|
1.15 |
0.71 |
0.94 |
0.89 |
2.50 |
1.14 |
5.57 |
1.58 |
2.47 |
2.31 |
2.48 |
| Price to Revenue (P/Rev) |
|
1.85 |
2.15 |
2.99 |
3.27 |
2.57 |
3.52 |
3.52 |
6.23 |
4.09 |
4.33 |
6.12 |
| Price to Earnings (P/E) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
200.88 |
0.00 |
55.28 |
0.00 |
0.00 |
595.42 |
| Dividend Yield |
|
12.62% |
11.05% |
6.95% |
6.70% |
8.00% |
5.71% |
5.75% |
3.17% |
5.57% |
5.70% |
4.56% |
| Earnings Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.50% |
0.00% |
1.81% |
0.00% |
0.00% |
0.17% |
| Enterprise Value to Invested Capital (EV/IC) |
|
1.02 |
0.87 |
0.96 |
0.91 |
1.23 |
1.05 |
1.39 |
1.25 |
1.34 |
1.35 |
1.51 |
| Enterprise Value to Revenue (EV/Rev) |
|
6.56 |
6.25 |
6.49 |
6.47 |
8.04 |
7.20 |
9.97 |
8.27 |
8.99 |
8.51 |
9.60 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
19.82 |
17.39 |
16.14 |
16.03 |
19.94 |
18.32 |
26.54 |
18.90 |
21.93 |
20.01 |
21.98 |
| Enterprise Value to EBIT (EV/EBIT) |
|
56.60 |
52.92 |
40.37 |
41.12 |
50.86 |
52.72 |
114.19 |
42.91 |
59.62 |
52.07 |
54.39 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
56.60 |
52.92 |
40.37 |
41.12 |
72.66 |
52.72 |
114.19 |
42.91 |
85.17 |
52.07 |
54.39 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
19.67 |
19.85 |
22.06 |
18.15 |
26.37 |
27.39 |
22.11 |
23.90 |
0.00 |
15.66 |
28.30 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
1.25 |
1.38 |
1.11 |
0.92 |
1.03 |
0.84 |
1.12 |
0.67 |
1.38 |
0.98 |
0.67 |
| Long-Term Debt to Equity |
|
1.25 |
1.38 |
1.11 |
0.92 |
1.03 |
0.84 |
1.11 |
0.67 |
1.38 |
0.98 |
0.67 |
| Financial Leverage |
|
1.18 |
1.32 |
1.23 |
1.00 |
0.98 |
0.92 |
0.97 |
0.85 |
0.98 |
1.15 |
0.80 |
| Leverage Ratio |
|
2.22 |
2.37 |
2.27 |
2.04 |
2.02 |
1.96 |
2.02 |
1.90 |
2.02 |
2.20 |
1.84 |
| Compound Leverage Factor |
|
1.11 |
0.55 |
1.64 |
1.44 |
-3.49 |
2.73 |
3.02 |
2.68 |
-0.33 |
0.48 |
0.94 |
| Debt to Total Capital |
|
55.47% |
58.06% |
52.56% |
48.05% |
50.83% |
45.57% |
52.87% |
40.22% |
58.02% |
49.40% |
40.16% |
| Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.41% |
0.00% |
0.00% |
0.00% |
0.00% |
| Long-Term Debt to Total Capital |
|
55.47% |
58.06% |
52.56% |
48.05% |
50.83% |
45.57% |
52.46% |
40.22% |
58.02% |
49.40% |
40.16% |
| Preferred Equity to Total Capital |
|
19.53% |
0.00% |
0.00% |
0.00% |
33.43% |
9.47% |
38.32% |
0.00% |
17.17% |
20.77% |
20.94% |
| Noncontrolling Interests to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.17% |
0.15% |
0.12% |
| Common Equity to Total Capital |
|
25.00% |
41.94% |
47.44% |
51.95% |
15.74% |
44.97% |
8.82% |
59.78% |
24.65% |
29.68% |
38.77% |
| Debt to EBITDA |
|
10.78 |
11.62 |
8.80 |
8.42 |
8.26 |
7.94 |
10.11 |
6.06 |
9.49 |
7.34 |
5.85 |
| Net Debt to EBITDA |
|
10.44 |
11.39 |
8.70 |
7.92 |
8.12 |
7.72 |
9.83 |
4.65 |
9.12 |
6.73 |
4.90 |
| Long-Term Debt to EBITDA |
|
10.78 |
11.62 |
8.80 |
8.42 |
8.26 |
7.94 |
10.03 |
6.06 |
9.49 |
7.34 |
5.85 |
| Debt to NOPAT |
|
30.77 |
35.35 |
22.01 |
21.60 |
30.11 |
22.86 |
43.49 |
13.75 |
36.86 |
19.10 |
14.48 |
| Net Debt to NOPAT |
|
29.81 |
34.67 |
21.75 |
20.31 |
29.60 |
22.21 |
42.30 |
10.55 |
35.41 |
17.52 |
12.13 |
| Long-Term Debt to NOPAT |
|
30.77 |
35.35 |
22.01 |
21.60 |
30.11 |
22.86 |
43.15 |
13.75 |
36.86 |
19.10 |
14.48 |
| Noncontrolling Interest Sharing Ratio |
|
45.86% |
20.13% |
0.00% |
0.00% |
34.14% |
39.53% |
47.99% |
32.80% |
17.60% |
41.33% |
37.88% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
-60 |
-109 |
-65 |
-124 |
-38 |
-120 |
-48 |
-140 |
-51 |
-48 |
-91 |
| Operating Cash Flow to CapEx |
|
58.12% |
50.19% |
50.19% |
65.89% |
75.84% |
62.33% |
90.20% |
115.56% |
-9.26% |
99.39% |
93.99% |
| Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-2.63 |
0.00 |
0.00 |
0.00 |
0.00 |
| Operating Cash Flow to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
3.66 |
0.00 |
0.00 |
0.00 |
0.00 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-0.40 |
0.00 |
0.00 |
0.00 |
0.00 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.16 |
0.15 |
0.15 |
0.15 |
0.15 |
0.15 |
0.14 |
0.16 |
0.15 |
0.16 |
0.16 |
| Fixed Asset Turnover |
|
0.22 |
0.19 |
0.20 |
0.20 |
0.20 |
0.12 |
0.11 |
0.21 |
0.19 |
0.20 |
0.20 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
469 |
587 |
668 |
811 |
864 |
1,004 |
1,065 |
1,241 |
1,313 |
1,397 |
1,531 |
| Invested Capital Turnover |
|
0.17 |
0.15 |
0.16 |
0.16 |
0.16 |
0.16 |
0.14 |
0.16 |
0.15 |
0.16 |
0.16 |
| Increase / (Decrease) in Invested Capital |
|
69 |
118 |
81 |
142 |
53 |
140 |
61 |
177 |
71 |
84 |
134 |
| Enterprise Value (EV) |
|
478 |
510 |
644 |
742 |
1,060 |
1,055 |
1,478 |
1,558 |
1,760 |
1,881 |
2,309 |
| Market Capitalization |
|
135 |
176 |
297 |
375 |
339 |
515 |
522 |
1,175 |
801 |
956 |
1,472 |
| Book Value per Share |
|
$4.96 |
$9.12 |
$11.06 |
$12.06 |
$3.61 |
$11.05 |
$2.25 |
$15.14 |
$5.81 |
$6.24 |
$7.52 |
| Tangible Book Value per Share |
|
$4.96 |
$9.12 |
$11.06 |
$12.06 |
$3.61 |
$11.05 |
$2.25 |
$15.14 |
$5.81 |
$6.24 |
$7.52 |
| Total Capital |
|
469 |
587 |
668 |
811 |
864 |
1,004 |
1,065 |
1,241 |
1,313 |
1,397 |
1,531 |
| Total Debt |
|
260 |
341 |
351 |
390 |
439 |
457 |
563 |
499 |
762 |
690 |
615 |
| Total Long-Term Debt |
|
260 |
341 |
351 |
390 |
439 |
457 |
558 |
499 |
762 |
690 |
615 |
| Net Debt |
|
252 |
334 |
347 |
366 |
432 |
444 |
548 |
383 |
732 |
633 |
515 |
| Capital Expenditures (CapEx) |
|
42 |
51 |
58 |
62 |
53 |
62 |
74 |
56 |
78 |
121 |
87 |
| Net Nonoperating Expense (NNE) |
|
4.22 |
7.50 |
4.42 |
5.37 |
51 |
-7.74 |
7.89 |
-15 |
26 |
28 |
21 |
| Net Nonoperating Obligations (NNO) |
|
260 |
341 |
351 |
390 |
439 |
457 |
563 |
499 |
762 |
690 |
615 |
| Total Depreciation and Amortization (D&A) |
|
16 |
20 |
24 |
28 |
32 |
38 |
43 |
46 |
51 |
58 |
63 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
($0.15) |
($0.24) |
($0.09) |
($0.24) |
($1.53) |
$0.70 |
$0.12 |
$1.10 |
($0.67) |
($0.15) |
$0.03 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
22.50M |
25.93M |
30.09M |
36.07M |
38.78M |
39.91M |
41.40M |
46.33M |
54.39M |
63.07M |
74.11M |
| Adjusted Diluted Earnings per Share |
|
($0.15) |
($0.24) |
($0.09) |
($0.24) |
($1.53) |
$0.69 |
$0.12 |
$1.08 |
($0.67) |
($0.15) |
$0.03 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
22.54M |
25.97M |
30.09M |
36.07M |
38.78M |
40.20M |
41.40M |
47.43M |
54.39M |
63.07M |
74.91M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
($0.09) |
($0.24) |
($1.53) |
$0.70 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
24.89M |
27.11M |
27.81M |
32.68M |
36.87M |
41.20M |
42.37M |
52.03M |
59.64M |
69.34M |
82.46M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
6.26 |
7.42 |
11 |
13 |
15 |
14 |
9.06 |
25 |
21 |
25 |
30 |
| Normalized NOPAT Margin |
|
8.57% |
9.08% |
11.32% |
11.01% |
11.06% |
9.55% |
6.11% |
13.48% |
10.56% |
11.45% |
12.36% |
| Pre Tax Income Margin |
|
5.80% |
2.72% |
11.63% |
11.12% |
-27.37% |
19.01% |
13.08% |
27.20% |
-2.45% |
3.55% |
8.96% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.71 |
0.00 |
0.00 |
0.00 |
0.00 |
| NOPAT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.71 |
0.00 |
0.00 |
0.00 |
0.00 |
| EBIT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-3.34 |
0.00 |
0.00 |
0.00 |
0.00 |
| NOPAT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
-3.34 |
0.00 |
0.00 |
0.00 |
0.00 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
518.76% |
1,133.17% |
279.11% |
295.60% |
-114.82% |
168.75% |
1,159.25% |
120.09% |
-1,312.13% |
838.05% |
364.90% |
| Augmented Payout Ratio |
|
518.76% |
1,133.17% |
279.11% |
295.60% |
-114.82% |
169.61% |
1,195.45% |
120.09% |
-1,312.13% |
838.05% |
364.90% |
Quarterly Metrics And Ratios for UMH Properties
This table displays calculated financial ratios and metrics derived from UMH Properties' official financial filings.
| Metric |
|
Q3 2022 |
Q4 2022 |
Q1 2023 |
Q2 2023 |
Q3 2023 |
Q4 2023 |
Q1 2024 |
Q2 2024 |
Q3 2024 |
Q4 2024 |
Q1 2025 |
| Growth Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Revenue Growth |
|
8.13% |
0.65% |
14.80% |
12.32% |
8.34% |
16.36% |
10.32% |
2.28% |
7.82% |
15.13% |
6.15% |
| EBITDA Growth |
|
-4.73% |
-15.20% |
6.06% |
13.30% |
21.63% |
28.95% |
16.92% |
-1.53% |
10.38% |
21.49% |
9.23% |
| EBIT Growth |
|
-22.66% |
-47.58% |
-5.48% |
11.96% |
33.80% |
69.48% |
28.08% |
-18.78% |
19.60% |
41.65% |
3.26% |
| NOPAT Growth |
|
-45.86% |
-47.58% |
-33.84% |
11.96% |
33.80% |
69.48% |
28.08% |
16.03% |
70.85% |
41.65% |
47.51% |
| Net Income Growth |
|
-224.33% |
-78.49% |
-145.83% |
93.97% |
71.27% |
207.57% |
-8.26% |
1,385.61% |
960.91% |
-55.75% |
396.00% |
| EPS Growth |
|
-157.14% |
0.00% |
0.00% |
82.93% |
50.00% |
0.00% |
0.00% |
114.29% |
222.22% |
0.00% |
100.00% |
| Operating Cash Flow Growth |
|
-102.54% |
-165.01% |
136.97% |
20,676.68% |
11,579.52% |
335.28% |
43.34% |
-53.27% |
-56.11% |
-5.85% |
-32.91% |
| Free Cash Flow Firm Growth |
|
71.62% |
60.33% |
117.98% |
-628.22% |
-116.01% |
-13.42% |
-173.35% |
80.59% |
18.93% |
-61.54% |
-210.19% |
| Invested Capital Growth |
|
5.15% |
5.75% |
-3.33% |
18.89% |
10.24% |
6.39% |
3.42% |
3.53% |
7.99% |
9.58% |
9.49% |
| Revenue Q/Q Growth |
|
5.51% |
-7.89% |
-0.98% |
2.95% |
1.77% |
-1.08% |
5.66% |
-4.55% |
7.29% |
5.63% |
-4.46% |
| EBITDA Q/Q Growth |
|
-1.59% |
-8.06% |
-10.32% |
3.82% |
5.64% |
-2.52% |
7.52% |
-12.57% |
18.42% |
7.30% |
-7.58% |
| EBIT Q/Q Growth |
|
-7.73% |
-28.48% |
-27.36% |
5.38% |
10.26% |
-9.41% |
16.34% |
-33.18% |
62.36% |
7.30% |
-24.12% |
| NOPAT Q/Q Growth |
|
-7.73% |
2.17% |
-49.15% |
5.38% |
10.26% |
29.42% |
-18.57% |
-4.54% |
62.36% |
7.30% |
-24.12% |
| Net Income Q/Q Growth |
|
21.98% |
170.12% |
-141.02% |
73.15% |
-271.96% |
850.77% |
-114.44% |
418.83% |
149.08% |
-61.41% |
-3.41% |
| EPS Q/Q Growth |
|
56.10% |
0.00% |
0.00% |
22.22% |
-28.57% |
211.11% |
-190.00% |
111.11% |
1,000.00% |
0.00% |
0.00% |
| Operating Cash Flow Q/Q Growth |
|
-72.02% |
-3,607.83% |
207.95% |
198.84% |
-4.03% |
-24.01% |
-36.00% |
-2.58% |
-9.87% |
63.04% |
-53.14% |
| Free Cash Flow Firm Q/Q Growth |
|
-239.20% |
-19.20% |
187.36% |
-503.39% |
43.08% |
37.41% |
48.68% |
-6.77% |
-137.73% |
-24.70% |
-0.81% |
| Invested Capital Q/Q Growth |
|
7.82% |
6.08% |
2.28% |
1.63% |
-0.03% |
2.38% |
-0.58% |
1.74% |
4.28% |
3.89% |
-0.66% |
| Profitability Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBITDA Margin |
|
38.81% |
38.74% |
41.63% |
41.97% |
43.57% |
42.94% |
44.11% |
40.41% |
44.60% |
45.31% |
43.83% |
| EBIT Margin |
|
14.15% |
10.99% |
15.76% |
16.13% |
17.47% |
16.00% |
18.29% |
12.81% |
19.38% |
19.69% |
15.64% |
| Profit (Net Income) Margin |
|
-10.05% |
7.65% |
-2.80% |
-0.73% |
-2.66% |
20.22% |
-2.74% |
9.16% |
21.27% |
7.77% |
7.86% |
| Tax Burden Percent |
|
100.19% |
98.04% |
97.91% |
98.77% |
101.77% |
99.90% |
100.19% |
99.81% |
99.40% |
99.56% |
99.98% |
| Interest Burden Percent |
|
-70.87% |
71.00% |
-18.11% |
-4.58% |
-14.98% |
126.46% |
-14.96% |
71.67% |
110.40% |
39.64% |
50.25% |
| Effective Tax Rate |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Return on Invested Capital (ROIC) |
|
1.60% |
1.68% |
1.69% |
1.93% |
2.06% |
2.61% |
2.13% |
2.10% |
3.17% |
3.24% |
2.62% |
| ROIC Less NNEP Spread (ROIC-NNEP) |
|
-0.08% |
1.43% |
0.61% |
0.95% |
0.88% |
2.93% |
0.83% |
1.81% |
3.35% |
2.07% |
1.88% |
| Return on Net Nonoperating Assets (RNNOA) |
|
-0.08% |
1.40% |
0.61% |
1.11% |
1.04% |
3.38% |
0.90% |
1.82% |
2.84% |
1.66% |
1.47% |
| Return on Equity (ROE) |
|
1.52% |
3.08% |
2.30% |
3.04% |
3.11% |
5.99% |
3.03% |
3.93% |
6.01% |
4.90% |
4.10% |
| Cash Return on Invested Capital (CROIC) |
|
-2.18% |
-3.97% |
5.20% |
-15.23% |
-6.76% |
-3.53% |
-0.53% |
-0.80% |
-4.93% |
-6.24% |
-6.12% |
| Operating Return on Assets (OROA) |
|
2.24% |
1.64% |
2.37% |
2.46% |
2.88% |
2.55% |
2.98% |
2.06% |
3.11% |
3.17% |
2.57% |
| Return on Assets (ROA) |
|
-1.59% |
1.15% |
-0.42% |
-0.11% |
-0.44% |
3.22% |
-0.45% |
1.47% |
3.41% |
1.25% |
1.29% |
| Return on Common Equity (ROCE) |
|
0.65% |
2.54% |
1.51% |
1.78% |
1.80% |
3.52% |
2.34% |
2.32% |
3.70% |
3.04% |
2.54% |
| Return on Equity Simple (ROE_SIMPLE) |
|
1.65% |
0.00% |
-1.65% |
-0.54% |
0.04% |
0.00% |
1.08% |
1.79% |
3.24% |
0.00% |
3.06% |
| Net Operating Profit after Tax (NOPAT) |
|
5.14 |
5.26 |
5.92 |
6.24 |
6.88 |
8.91 |
7.59 |
7.24 |
12 |
13 |
9.57 |
| NOPAT Margin |
|
9.90% |
10.99% |
11.03% |
11.29% |
12.23% |
16.00% |
12.81% |
12.81% |
19.38% |
19.69% |
15.64% |
| Net Nonoperating Expense Percent (NNEP) |
|
1.68% |
0.25% |
1.08% |
0.98% |
1.19% |
-0.32% |
1.29% |
0.30% |
-0.18% |
1.17% |
0.75% |
| SG&A Expenses to Revenue |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Operating Expenses to Revenue |
|
85.85% |
89.01% |
84.24% |
83.87% |
82.53% |
84.00% |
81.71% |
87.19% |
80.62% |
80.31% |
84.36% |
| Earnings before Interest and Taxes (EBIT) |
|
7.35 |
5.26 |
8.46 |
8.92 |
9.83 |
8.91 |
11 |
7.24 |
12 |
13 |
9.57 |
| Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA) |
|
20 |
19 |
22 |
23 |
25 |
24 |
26 |
23 |
27 |
29 |
27 |
| Valuation Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Price to Book Value (P/BV) |
|
2.71 |
2.47 |
1.38 |
2.45 |
2.19 |
2.31 |
2.50 |
2.50 |
2.63 |
2.48 |
2.61 |
| Price to Tangible Book Value (P/TBV) |
|
2.71 |
2.47 |
1.38 |
2.45 |
2.19 |
2.31 |
2.50 |
2.50 |
2.63 |
2.48 |
2.61 |
| Price to Revenue (P/Rev) |
|
4.08 |
4.09 |
3.90 |
4.22 |
3.95 |
4.33 |
4.64 |
4.89 |
6.23 |
6.12 |
6.32 |
| Price to Earnings (P/E) |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
155.97 |
595.42 |
182.17 |
| Dividend Yield |
|
5.42% |
5.57% |
5.89% |
5.42% |
6.13% |
5.70% |
5.18% |
5.25% |
4.27% |
4.56% |
4.60% |
| Earnings Yield |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.64% |
0.17% |
0.55% |
| Enterprise Value to Invested Capital (EV/IC) |
|
1.36 |
1.34 |
1.14 |
1.36 |
1.32 |
1.35 |
1.43 |
1.44 |
1.56 |
1.51 |
1.60 |
| Enterprise Value to Revenue (EV/Rev) |
|
8.59 |
8.99 |
7.34 |
8.65 |
8.19 |
8.51 |
8.74 |
8.95 |
9.92 |
9.60 |
9.98 |
| Enterprise Value to EBITDA (EV/EBITDA) |
|
20.09 |
21.93 |
17.46 |
20.52 |
18.91 |
20.01 |
20.22 |
20.91 |
23.01 |
21.98 |
22.70 |
| Enterprise Value to EBIT (EV/EBIT) |
|
48.95 |
59.62 |
43.34 |
51.13 |
46.23 |
52.07 |
51.20 |
55.14 |
59.17 |
54.39 |
56.98 |
| Enterprise Value to NOPAT (EV/NOPAT) |
|
48.95 |
85.17 |
61.91 |
73.04 |
46.23 |
52.07 |
51.20 |
55.14 |
59.17 |
54.39 |
56.98 |
| Enterprise Value to Operating Cash Flow (EV/OCF) |
|
69.89 |
0.00 |
3,381.77 |
46.09 |
22.80 |
15.66 |
15.74 |
19.49 |
27.66 |
28.30 |
32.35 |
| Enterprise Value to Free Cash Flow (EV/FCFF) |
|
0.00 |
0.00 |
21.60 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Leverage & Solvency |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Debt to Equity |
|
1.42 |
1.38 |
1.27 |
1.14 |
1.01 |
0.98 |
0.94 |
0.90 |
0.72 |
0.67 |
0.66 |
| Long-Term Debt to Equity |
|
1.42 |
1.38 |
1.27 |
1.14 |
1.01 |
0.98 |
0.94 |
0.90 |
0.72 |
0.67 |
0.66 |
| Financial Leverage |
|
1.04 |
0.98 |
1.01 |
1.17 |
1.19 |
1.15 |
1.09 |
1.01 |
0.85 |
0.80 |
0.78 |
| Leverage Ratio |
|
2.09 |
2.02 |
2.05 |
2.43 |
2.24 |
2.20 |
2.13 |
2.05 |
1.88 |
1.84 |
1.82 |
| Compound Leverage Factor |
|
-1.48 |
1.44 |
-0.37 |
-0.11 |
-0.34 |
2.79 |
-0.32 |
1.47 |
2.08 |
0.73 |
0.91 |
| Debt to Total Capital |
|
58.67% |
58.02% |
55.96% |
53.26% |
50.33% |
49.40% |
48.36% |
47.34% |
41.74% |
40.16% |
39.88% |
| Short-Term Debt to Total Capital |
|
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
0.00% |
| Long-Term Debt to Total Capital |
|
58.67% |
58.02% |
55.96% |
53.26% |
50.33% |
49.40% |
48.36% |
47.34% |
41.74% |
40.16% |
39.88% |
| Preferred Equity to Total Capital |
|
17.41% |
17.17% |
0.00% |
19.42% |
20.48% |
20.77% |
21.24% |
20.93% |
20.82% |
20.94% |
21.16% |
| Noncontrolling Interests to Total Capital |
|
0.18% |
0.17% |
0.16% |
0.16% |
0.16% |
0.15% |
0.15% |
0.14% |
0.13% |
0.12% |
0.12% |
| Common Equity to Total Capital |
|
23.75% |
24.65% |
43.88% |
27.16% |
29.03% |
29.68% |
30.25% |
31.58% |
37.31% |
38.77% |
38.84% |
| Debt to EBITDA |
|
8.69 |
9.49 |
8.55 |
8.02 |
7.23 |
7.34 |
6.86 |
6.85 |
6.14 |
5.85 |
5.65 |
| Net Debt to EBITDA |
|
7.94 |
9.12 |
8.17 |
7.56 |
6.82 |
6.73 |
6.45 |
6.45 |
5.48 |
4.90 |
5.32 |
| Long-Term Debt to EBITDA |
|
8.69 |
9.49 |
8.55 |
8.02 |
7.23 |
7.34 |
6.86 |
6.85 |
6.14 |
5.85 |
5.65 |
| Debt to NOPAT |
|
21.17 |
36.86 |
30.30 |
28.54 |
17.67 |
19.10 |
17.36 |
18.07 |
15.79 |
14.48 |
14.18 |
| Net Debt to NOPAT |
|
19.35 |
35.41 |
28.98 |
26.91 |
16.67 |
17.52 |
16.33 |
17.01 |
14.08 |
12.13 |
13.36 |
| Long-Term Debt to NOPAT |
|
21.17 |
36.86 |
30.30 |
28.54 |
17.67 |
19.10 |
17.36 |
18.07 |
15.79 |
14.48 |
14.18 |
| Noncontrolling Interest Sharing Ratio |
|
57.56% |
17.60% |
34.13% |
41.60% |
41.97% |
41.33% |
22.87% |
40.88% |
38.43% |
37.88% |
38.05% |
| Liquidity Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Cash Flow Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Free Cash Flow to Firm (FCFF) |
|
-55 |
-66 |
52 |
-211 |
-120 |
-75 |
-38 |
-41 |
-97 |
-121 |
-122 |
| Operating Cash Flow to CapEx |
|
-1.36% |
-45.83% |
50.85% |
84.25% |
115.27% |
200.06% |
113.20% |
84.82% |
66.95% |
117.89% |
65.02% |
| Free Cash Flow to Firm to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Operating Cash Flow to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Operating Cash Flow Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Efficiency Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Asset Turnover |
|
0.16 |
0.15 |
0.15 |
0.15 |
0.17 |
0.16 |
0.16 |
0.16 |
0.16 |
0.16 |
0.16 |
| Fixed Asset Turnover |
|
0.20 |
0.19 |
0.20 |
0.20 |
0.20 |
0.20 |
0.20 |
0.19 |
0.19 |
0.20 |
0.20 |
| Capital & Investment Metrics |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Invested Capital |
|
1,238 |
1,313 |
1,343 |
1,365 |
1,364 |
1,397 |
1,389 |
1,413 |
1,473 |
1,531 |
1,520 |
| Invested Capital Turnover |
|
0.16 |
0.15 |
0.15 |
0.17 |
0.17 |
0.16 |
0.17 |
0.16 |
0.16 |
0.16 |
0.17 |
| Increase / (Decrease) in Invested Capital |
|
61 |
71 |
-46 |
217 |
127 |
84 |
46 |
48 |
109 |
134 |
132 |
| Enterprise Value (EV) |
|
1,679 |
1,760 |
1,535 |
1,860 |
1,797 |
1,881 |
1,981 |
2,041 |
2,304 |
2,309 |
2,437 |
| Market Capitalization |
|
798 |
801 |
815 |
908 |
867 |
956 |
1,052 |
1,113 |
1,447 |
1,472 |
1,542 |
| Book Value per Share |
|
$5.37 |
$5.81 |
$9.88 |
$6.10 |
$6.07 |
$6.24 |
$6.08 |
$6.34 |
$7.47 |
$7.52 |
$7.16 |
| Tangible Book Value per Share |
|
$5.37 |
$5.81 |
$9.88 |
$6.10 |
$6.07 |
$6.24 |
$6.08 |
$6.34 |
$7.47 |
$7.52 |
$7.16 |
| Total Capital |
|
1,238 |
1,313 |
1,343 |
1,365 |
1,364 |
1,397 |
1,389 |
1,413 |
1,473 |
1,531 |
1,520 |
| Total Debt |
|
726 |
762 |
751 |
727 |
687 |
690 |
672 |
669 |
615 |
615 |
606 |
| Total Long-Term Debt |
|
726 |
762 |
751 |
727 |
687 |
690 |
672 |
669 |
615 |
615 |
606 |
| Net Debt |
|
664 |
732 |
719 |
685 |
648 |
633 |
632 |
629 |
548 |
515 |
571 |
| Capital Expenditures (CapEx) |
|
24 |
27 |
26 |
47 |
33 |
14 |
17 |
22 |
25 |
23 |
20 |
| Net Nonoperating Expense (NNE) |
|
10 |
1.60 |
7.43 |
6.65 |
8.38 |
-2.35 |
9.21 |
2.06 |
-1.15 |
7.64 |
4.76 |
| Net Nonoperating Obligations (NNO) |
|
726 |
762 |
751 |
727 |
687 |
690 |
672 |
669 |
615 |
615 |
606 |
| Total Depreciation and Amortization (D&A) |
|
13 |
13 |
14 |
14 |
15 |
15 |
15 |
16 |
15 |
16 |
17 |
| Earnings Adjustments |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Adjusted Basic Earnings per Share |
|
($0.18) |
$0.01 |
($0.09) |
($0.07) |
($0.09) |
$0.10 |
($0.09) |
$0.01 |
$0.11 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic Shares Outstanding |
|
54.89M |
54.39M |
59.09M |
61.24M |
65.08M |
63.07M |
69.13M |
71.42M |
75.61M |
74.11M |
82.39M |
| Adjusted Diluted Earnings per Share |
|
($0.18) |
$0.00 |
$0.00 |
($0.07) |
($0.09) |
$0.10 |
($0.09) |
$0.01 |
$0.11 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Diluted Shares Outstanding |
|
54.89M |
55.33M |
59.09M |
65.27M |
65.08M |
63.68M |
69.13M |
71.88M |
76.56M |
74.91M |
83.34M |
| Adjusted Basic & Diluted Earnings per Share |
|
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
$0.00 |
| Adjusted Weighted Average Basic & Diluted Shares Outstanding |
|
55.74M |
59.64M |
60.72M |
65.27M |
66.40M |
69.34M |
70.40M |
73.55M |
78.90M |
82.46M |
84.08M |
| Normalized Net Operating Profit after Tax (NOPAT) |
|
5.14 |
3.68 |
5.92 |
6.24 |
6.88 |
6.24 |
7.59 |
5.07 |
8.23 |
8.83 |
6.70 |
| Normalized NOPAT Margin |
|
9.90% |
7.69% |
11.03% |
11.29% |
12.23% |
11.20% |
12.81% |
8.97% |
13.57% |
13.78% |
10.95% |
| Pre Tax Income Margin |
|
-10.03% |
7.80% |
-2.85% |
-0.74% |
-2.62% |
20.24% |
-2.74% |
9.18% |
21.40% |
7.81% |
7.86% |
| Debt Service Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| EBIT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| NOPAT to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| EBIT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| NOPAT Less CapEx to Interest Expense |
|
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
0.00 |
| Payout Ratios |
|
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
- |
| Dividend Payout Ratio |
|
803.84% |
-1,312.13% |
-651.94% |
-1,775.25% |
24,337.89% |
838.05% |
887.33% |
539.35% |
269.00% |
364.90% |
294.46% |
| Augmented Payout Ratio |
|
803.84% |
-1,312.13% |
-651.94% |
-1,775.25% |
24,337.89% |
838.05% |
887.33% |
539.35% |
269.00% |
364.90% |
294.46% |
Key Financial Trends
UMH Properties has shown mixed financial results over the past four years, with some improvement in income but ongoing volatility in cash flows and significant operating expenses.
Positive trends and highlights:
- Net income attributable to common shareholders improved in Q1 2025 to a slight loss of $271,000 compared to larger losses in early 2023, showing some trend toward profitability.
- Total revenue increased from approximately $47.8 million in Q4 2022 to about $61.2 million in Q1 2025, indicating growing top-line performance.
- Depreciation expense consistently increased over the period, reflecting asset growth and investment in property, which is typical for a real estate company expanding its asset base.
- Total assets steadily grew from about $1.26 billion in Q3 2022 to nearly $1.55 billion in Q1 2025, showing company expansion.
- Operating cash flow has been positive in recent quarters, with $12.8 million in Q1 2025 and $19 million in Q1 2024, demonstrating operational cash generation despite net income fluctuations.
- Common equity rose steadily from $293.9 million in Q3 2022 to $590.6 million in Q1 2025, signaling equity growth and shareholder value creation.
Neutral observations:
- UMH did not report interest income or expense in most recent quarters, consistent with a non-bank real estate investment focus.
- The weighted average shares outstanding increased over the period, which may indicate additional equity issuance but also potential dilution.
- The company maintains a significant level of preferred equity ($321.8 million as of Q1 2025), influencing overall capital structure but providing stable funding.
- The dividend payments to preferred stockholders and common dividends remain substantial, reflecting commitment to shareholder returns but also cash outflow pressure.
Negative factors or areas of concern:
- Net income figures remain volatile with negative earnings in many quarters, including a notable net loss of $6.26 million attributable to common shareholders in Q1 2024.
- Free cash flow is heavily impacted by large investment outflows toward property, leasehold improvements, and equipment purchases, with investing cash flows consistently negative and exceeding $25 million quarterly recently.
- Net cash from financing activities varies widely and was negative $154 million in Q3 2022, reflecting debt repayments or possible refinancing activities that could pressure liquidity.
- The long-term debt remains high and fairly stable near $600 million to $750 million, representing significant leverage that could impact financial flexibility.
- Preferred stock dividends declared often exceed net income from continuing operations, which may pressure cash flows and the ability to pay common dividends or reinvest in the business.
- Negative total equity in retained earnings (around -$25 million) consistently points to accumulated losses or distributions exceeding retained profits.
- Non-operating expenses and losses have contributed negatively to pre-tax income in several quarters, reducing net profitability.
In summary, UMH Properties is growing its asset base and revenues while strengthening equity capital. However, persistent net losses, negative impact from investing activities, and substantial preferred dividend obligations raise caution about profitability and cash flow sustainability. Retail investors should monitor these financial dynamics closely, especially the company’s ability to improve net earnings and manage its leverage and cash flow over the coming quarters.
10/25/25 06:36 PM ETAI Generated. May Contain Errors.