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UMH Properties (UMH) Financials

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$15.96 -0.10 (-0.62%)
As of 03:58 PM Eastern
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Annual Income Statements for UMH Properties

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.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -6.12 -2.57 -7.68 -57 2.57 -30 21 -36 -8.71 2.47 5.97
Consolidated Net Income / (Loss)		 2.14 12 13 -36 28 5.06 51 -4.97 7.85 21 26
Net Income / (Loss) Continuing Operations		 2.14 12 13 -36 28 19 51 -4.97 7.85 21 26
Total Pre-Tax Income 		2.22 12 13 -36 28 19 51 -4.80 7.85 22 26
Total Revenue		 82 99 115 132 147 148 188 196 221 241 262
Net Interest Income / (Expense)		 0.00 0.00 2.01 2.26 0.00 -15 0.00 0.00 0.00 0.00 0.00
Total Interest Income		 0.00 0.00 2.01 2.26 0.00 2.92 0.00 0.00 0.00 0.00 0.00
Total Interest Expense		 0.00 0.00 0.00 0.00 0.00 18 0.00 0.00 0.00 0.00 0.00
Total Non-Interest Income		 82 99 113 130 147 164 188 196 221 241 262
Other Non-Interest Income		 82 99 113 130 147 164 186 196 221 241 262
Total Non-Interest Expense		 72 83 97 111 127 135 152 166 185 198 214
Other Operating Expenses		 52 60 69 79 90 94 107 117 129 138 147
Depreciation Expense		 19 23 28 32 37 42 45 49 56 60 67
Nonoperating Income / (Expense), net		 -7.42 -4.42 -5.29 -57 7.85 6.45 15 -34 -28 -21 -21
Other Gains / (Losses), net		 -0.08 -0.00 -0.08 -0.13 -0.11 -0.22 -0.17 -0.17 0.00 -0.11 -0.06
Preferred Stock Dividends Declared		 8.27 14 20 20 25 35 30 31 17 19 21
Net Income / (Loss) Attributable to Noncontrolling Interest		 - - - - - 0.00 0.00 -0.12 -0.16 -0.19 -0.22
Basic Earnings per Share		 ($0.24) ($0.10) $0.39 ($0.98) $0.70 ($0.72) $0.46 ($0.67) ($0.15) $0.03 $0.07
Weighted Average Basic Shares Outstanding		 25.93M 27.81M 32.68M 36.87M 39.91M 41.40M 46.33M 54.39M 63.07M 74.11M 84.07M
Diluted Earnings per Share		 ($0.24) ($0.10) $0.39 ($0.98) $0.69 ($0.72) $0.45 ($0.67) ($0.15) $0.03 $0.07
Weighted Average Diluted Shares Outstanding		 25.93M 27.81M 32.68M 36.87M 40.20M 41.40M 47.43M 55.33M 63.68M 74.91M 84.69M
Weighted Average Basic & Diluted Shares Outstanding		 25.93M 27.81M 32.68M 36.87M 41.20M 42.37M 52.03M 59.64M 69.34M 82.46M 85.02M
Cash Dividends to Common per Share		 $0.72 $0.72 $0.72 $0.72 $0.72 $0.72 $0.76 $0.80 $0.82 $0.85 $0.89

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Income / (Loss) Attributable to Common Shareholders		 6.83 -6.26 0.53 8.18 0.03 -0.27 2.53 4.21 -0.51 2.58 4.42
Consolidated Net Income / (Loss)		 11 -1.63 5.18 13 4.98 4.81 7.61 9.29 4.58 7.69 9.53
Net Income / (Loss) Continuing Operations		 11 -1.63 5.18 13 4.98 4.81 7.61 9.29 4.58 7.69 9.53
Total Pre-Tax Income 		11 -1.62 5.19 13 5.00 4.81 7.64 9.36 4.53 7.69 9.48
Total Revenue		 56 58 60 61 64 61 59 67 67 66 62
Net Interest Income / (Expense)		 -1.14 0.00 0.00 0.00 -1.57 0.00 -7.37 0.00 - 0.00 -9.67
Total Interest Income		 -1.14 0.00 0.00 0.00 -1.57 0.00 0.00 0.00 - 0.00 0.00
Total Interest Expense		 - 0.00 0.00 0.00 - 0.00 7.37 0.00 - 0.00 9.67
Long-Term Debt Interest Expense		 - - - - - - 7.37 - - - 9.67
Total Non-Interest Income		 57 58 60 61 66 61 67 67 67 66 72
Other Non-Interest Income		 57 58 60 61 62 61 67 67 67 66 72
Total Non-Interest Expense		 47 48 49 49 51 52 54 54 54 54 58
Other Operating Expenses		 32 34 34 34 36 35 38 37 37 36 40
Depreciation Expense		 14 15 15 15 16 17 16 17 17 18 18
Nonoperating Income / (Expense), net		 2.36 -11 -5.83 1.22 -7.62 -4.76 2.38 -3.46 -8.26 -3.82 5.70
Other Gains / (Losses), net		 -0.01 -0.00 -0.01 -0.08 -0.02 -0.00 -0.04 -0.07 0.05 -0.00 0.05
Preferred Stock Dividends Declared		 4.47 4.67 4.71 4.78 5.00 5.13 5.13 5.13 5.15 5.17 5.18
Net Income / (Loss) Attributable to Noncontrolling Interest		 -0.05 -0.03 -0.06 -0.06 -0.04 -0.05 -0.06 -0.06 -0.07 -0.06 -0.07
Basic Earnings per Share		 $0.10 ($0.09) $0.01 $0.11 - $0.00 $0.03 $0.05 ($0.01) $0.03 $0.05
Weighted Average Basic Shares Outstanding		 63.07M 69.13M 71.42M 75.61M 74.11M 82.39M 83.97M 84.99M 84.07M 85.00M 85.20M
Diluted Earnings per Share		 $0.10 ($0.09) $0.01 $0.11 - $0.00 $0.03 $0.05 ($0.01) $0.03 $0.05
Weighted Average Diluted Shares Outstanding		 63.68M 69.54M 71.88M 76.56M 74.91M 83.34M 84.78M 85.48M 84.69M 85.37M 85.58M
Weighted Average Basic & Diluted Shares Outstanding		 69.34M 70.40M 73.55M 78.90M 82.46M 84.08M 84.93M 85.23M 85.02M 85.17M 85.39M

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -1.55 -2.47 19 -15 6.22 9.60 96 -84 24 44 -28
Net Cash From Operating Activities		 26 29 41 40 39 67 65 -7.23 120 82 82
Net Cash From Continuing Operating Activities		 23 29 41 40 39 67 65 -7.23 120 82 82
Net Income / (Loss) Continuing Operations		 2.14 12 13 -36 28 5.06 51 -4.97 7.85 21 26
Consolidated Net Income / (Loss)		 2.14 12 13 -36 28 5.06 51 -4.97 7.85 21 26
Provision For Loan Losses		 1.12 0.91 1.27 1.23 1.41 1.55 1.21 1.50 2.06 2.08 1.60
Depreciation Expense		 19 23 28 32 37 42 45 49 56 60 67
Amortization Expense		 0.83 0.73 0.66 0.63 0.76 1.03 1.00 1.96 2.14 2.38 2.99
Non-Cash Adjustments to Reconcile Net Income		 0.73 -1.22 -0.35 53 2.05 1.54 1.28 21 5.74 9.57 8.72
Changes in Operating Assets and Liabilities, net		 2.00 -5.97 -0.95 -11 -30 16 -35 -76 47 -14 -24
Net Cash From Investing Activities		 -149 -78 -153 -138 -122 -104 -94 -125 -166 -140 -209
Net Cash From Continuing Investing Activities		 -149 -78 -153 -138 -122 -104 -94 -125 -166 -140 -209
Purchase of Property, Leasehold Improvements and Equipment		 -51 -58 -62 -53 -65 -77 -59 -81 -124 -92 -114
Purchase of Investment Securities		 -103 -35 -111 -88 -61 -30 -55 -103 -49 -53 -105
Sale of Property, Leasehold Improvements and Equipment		 - - - - 2.75 2.66 2.86 3.10 3.05 5.28 4.06
Sale and/or Maturity of Investments		 5.41 16 20 3.02 0.13 0.00 17 56 4.32 0.04 5.67
Net Cash From Financing Activities		 121 46 131 82 90 47 126 48 69 103 99
Net Cash From Continuing Financing Activities		 121 46 131 82 90 47 126 48 69 103 99
Issuance of Debt		 139 32 71 52 45 109 -34 270 58 0.00 273
Issuance of Common Equity		 23 20 80 30 40 102 59 115 62 35 7.77
Repayment of Debt		 -57 -25 -35 -6.87 -46 -7.12 -26 -24 -130 -77 -121
Repurchase of Common Equity		 - - 0.00 0.00 -0.24 -1.83 - - 0.00 0.00 -4.82
Payment of Dividends		 -24 -32 -37 -42 -47 -59 -61 -65 -66 -78 -92
Other Financing Activities, Net		 -2.14 1.82 4.80 0.64 1.85 -2.34 188 -0.02 145 223 36

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 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
Net Change in Cash & Equivalents		 19 -15 1.67 24 34 -62 41 -45 39 -35 -7.43
Net Cash From Operating Activities		 29 19 19 17 27 13 24 23 21 21 25
Net Cash From Continuing Operating Activities		 29 19 19 17 27 13 24 23 21 21 25
Net Income / (Loss) Continuing Operations		 11 -1.63 5.18 13 4.98 4.81 7.61 9.29 4.58 7.69 9.53
Consolidated Net Income / (Loss)		 11 -1.63 5.18 13 4.98 4.81 7.61 9.29 4.58 7.69 9.53
Provision For Loan Losses		 0.73 0.46 0.33 0.51 0.78 0.45 0.40 0.44 0.31 0.41 0.57
Depreciation Expense		 14 15 15 15 16 17 16 17 17 18 18
Amortization Expense		 0.54 0.56 0.61 0.61 0.61 0.60 0.65 0.88 0.87 0.88 1.18
Non-Cash Adjustments to Reconcile Net Income		 -5.58 6.97 -0.17 -1.98 4.75 1.81 2.24 -1.37 4.30 38 1.05
Changes in Operating Assets and Liabilities, net		 7.75 -2.06 -2.40 -10 0.35 -12 -2.21 -2.59 -6.07 -44 -5.81
Net Cash From Investing Activities		 -30 -25 -33 -38 -43 -56 -44 -64 -44 -33 -46
Net Cash From Continuing Investing Activities		 -30 -25 -33 -38 -43 -56 -44 -64 -44 -33 -46
Purchase of Property, Leasehold Improvements and Equipment		 -15 -18 -23 -27 -25 -21 -30 -35 -29 -24 -34
Purchase of Investment Securities		 -15 -8.60 -11 -13 -20 -37 -15 -30 -22 -9.78 -14
Sale of Property, Leasehold Improvements and Equipment		 0.77 1.03 1.31 1.54 1.39 1.00 1.07 1.01 0.98 0.98 1.48
Net Cash From Financing Activities		 20 -8.85 16 45 50 -19 61 -4.74 62 -23 13
Net Cash From Continuing Financing Activities		 20 -8.85 16 45 50 -19 61 -4.74 62 -23 13
Issuance of Debt		 6.54 -16 0.21 -52 67 0.37 101 80 92 0.13 -0.13
Issuance of Common Equity		 11 6.16 2.40 12 14 2.76 -7.88 1.41 2.24 2.77 8.49
Repayment of Debt		 -2.89 -2.95 -2.97 -2.97 -68 -9.39 -47 -63 -2.70 -2.34 30
Payment of Dividends		 -17 -18 -19 -20 -21 -22 -23 -23 -23 -23 -23
Other Financing Activities, Net		 23 22 36 108 57 9.59 38 -0.41 -1.42 0.07 -1.93

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 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 600 680 824 881 1,025 1,089 1,271 1,345 1,428 1,564 1,699
Cash and Due from Banks		 6.54 4.22 23 7.43 13 15 116 30 57 100 72
Trading Account Securities		 75 109 133 100 116 103 114 42 35 32 24
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		 480 525 621 712 1,831 879 936 1,078 1,185 1,263 1,411
Other Assets		 38 42 46 61 -935 92 105 194 151 169 192
Total Liabilities & Shareholders' Equity		 600 680 824 881 1,025 1,089 1,271 1,345 1,428 1,564 1,699
Total Liabilities		 354 363 403 456 479 588 529 793 721 648 792
Non-Interest Bearing Deposits		 10 9.14 10 13 17 25 25 25 25 25 25
Long-Term Debt		 341 351 390 439 457 558 499 762 690 615 761
Other Long-Term Liabilities		 - - - - 4.57 - 4.27 6.39 6.11 - 5.66
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		 246 317 421 425 546 502 742 551 707 916 907
Total Preferred & Common Equity		 246 317 421 425 546 502 742 549 705 914 906
Preferred Stock		 - - - 289 95 408 - 225 290 321 323
Total Common Equity		 246 317 421 136 451 94 742 324 415 593 583
Common Stock		 112 114 172 161 167 119 305 349 440 619 608
Retained Earnings		 -0.67 -0.67 -0.67 -25 -25 -25 -25 -25 -25 -25 -25
Other Equity Adjustments		 137 187 239 0.00 310 0.00 462 0.00 0.00 0.00 0.00
Noncontrolling Interest		 - - - - - - 0.00 2.23 2.07 1.88 1.66

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 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026
Period end date 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026 6/30/2026
Total Assets		 1,370 1,394 1,393 1,416 1,441 1,502 1,549 1,624 1,630 1,688 1,713
Cash and Due from Banks		 33 41 39 40 39 67 35 79 34 37 29
Trading Account Securities		 39 37 28 29 29 34 30 30 32 26 30
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		 1,100 1,141 1,172 1,196 1,214 1,237 1,303 1,332 1,379 1,427 1,454
Other Assets		 198 175 155 151 160 164 181 182 185 197 201
Total Liabilities & Shareholders' Equity		 1,370 1,394 1,393 1,416 1,441 1,502 1,549 1,624 1,630 1,688 1,713
Total Liabilities		 779 756 715 699 697 643 635 690 703 792 821
Non-Interest Bearing Deposits		 21 22 23 22 23 22 22 23 22 25 24
Long-Term Debt		 751 727 687 672 669 615 606 659 673 760 789
Other Long-Term Liabilities		 6.02 - 5.98 5.75 5.39 5.73 - 8.53 8.23 6.98 7.91
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		 591 638 678 717 744 858 914 934 926 896 892
Total Preferred & Common Equity		 589 636 676 715 742 856 912 932 925 894 890
Preferred Stock		 - 265 279 295 296 307 322 322 - 325 333
Total Common Equity		 589 371 396 420 446 550 591 610 925 570 557
Common Stock		 367 396 422 445 472 575 616 636 628 595 582
Retained Earnings		 -25 -25 -25 -25 -25 -25 -25 -25 -25 -25 -25
Other Equity Adjustments		 247 0.00 0.00 0.00 0.00 0.00 0.00 0.00 322 0.00 0.00
Noncontrolling Interest		 2.19 2.16 2.12 2.04 1.98 1.92 1.83 1.78 1.72 1.59 1.53

Annual Metrics And Ratios for UMH Properties

This table displays calculated financial ratios and metrics derived from UMH Properties' official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 ($0.24) ($0.09) ($0.24) ($1.53) $0.70 $0.12 $1.10 ($0.67) ($0.15) $0.03 $0.07
Adjusted Weighted Average Basic Shares Outstanding		 25.93M 30.09M 36.07M 38.78M 39.91M 41.40M 46.33M 54.39M 63.07M 74.11M 84.07M
Adjusted Diluted Earnings per Share		 ($0.24) ($0.09) ($0.24) ($1.53) $0.69 $0.12 $1.08 ($0.67) ($0.15) $0.03 $0.07
Adjusted Weighted Average Diluted Shares Outstanding		 25.97M 30.09M 36.07M 38.78M 40.20M 41.40M 47.43M 54.39M 63.07M 74.91M 84.69M
Adjusted Basic & Diluted Earnings per Share		 $0.00 ($0.09) ($0.24) ($1.53) $0.70 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 27.11M 27.81M 32.68M 36.87M 41.20M 42.37M 52.03M 59.64M 69.34M 82.46M 85.02M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

Quarterly Metrics And Ratios for UMH Properties

This table displays calculated financial ratios and metrics derived from UMH Properties' official financial filings.

Metric Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026
Period end date 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026 6/30/2026
DEI Shares Outstanding		 - - - - - - - - - 85,016,121.00 85,166,195.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 85,016,121.00 85,166,195.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 0.09 0.11
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 16.36% 10.32% 2.28% 7.82% 15.13% 6.15% 10.47% 10.30% - 7.53% 4.55%
EBITDA Growth		 28.95% 16.92% -1.53% 10.38% 21.49% 9.23% 8.96% 12.71% - 13.18% 7.31%
EBIT Growth		 69.48% 28.08% -18.78% 19.60% 41.65% 3.26% 14.60% 8.97% - 20.27% -28.15%
NOPAT Growth		 69.48% 28.08% 16.03% 70.85% 41.65% 47.51% 14.60% 8.97% - 20.27% -28.15%
Net Income Growth		 207.57% -8.26% 1,385.61% 960.91% -55.75% 396.00% 46.79% -28.05% - 59.85% 25.34%
EPS Growth		 0.00% 0.00% 114.29% 222.22% 0.00% 100.00% 200.00% -54.55% - 0.00% 66.67%
Operating Cash Flow Growth		 335.28% 43.34% -53.27% -56.11% -5.85% -32.91% 31.57% 40.19% - 63.11% 1.52%
Free Cash Flow Firm Growth		 -13.42% -173.35% 80.59% 18.93% -61.54% -210.19% -351.22% -16.07% - -1.40% 51.56%
Invested Capital Growth		 6.39% 3.42% 3.53% 7.99% 9.58% 9.49% 12.74% 8.53% - 8.91% 5.55%
Revenue Q/Q Growth		 -1.08% 5.66% -4.55% 7.29% 5.63% -4.46% 8.85% 0.41% - -1.69% -5.88%
EBITDA Q/Q Growth		 -2.52% 7.52% -12.57% 18.42% 7.30% -7.58% 8.12% 5.11% - -2.05% -23.52%
EBIT Q/Q Growth		 -9.41% 16.34% -33.18% 62.36% 7.30% -24.12% 31.92% 1.46% - -9.99% -67.16%
NOPAT Q/Q Growth		 29.42% -18.57% -4.54% 62.36% 7.30% -24.12% 31.92% 1.46% - -9.99% -67.16%
Net Income Q/Q Growth		 850.77% -114.44% 418.83% 149.08% -61.41% -3.41% 58.11% 22.09% - 68.07% 23.97%
EPS Q/Q Growth		 211.11% -190.00% 111.11% 1,000.00% 0.00% 0.00% 0.00% 66.67% - 400.00% 66.67%
Operating Cash Flow Q/Q Growth		 -24.01% -36.00% -2.58% -9.87% 63.04% -53.14% 91.06% -3.96% - -2.28% 18.92%
Free Cash Flow Firm Q/Q Growth		 37.41% 48.68% -6.77% -137.73% -24.70% -0.81% -37.03% 32.62% - 0.88% 31.65%
Invested Capital Q/Q Growth		 2.38% -0.58% 1.74% 4.28% 3.89% -0.66% 4.76% 0.38% - -0.75% 1.54%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 42.94% 44.11% 40.41% 44.60% 45.31% 43.83% 43.54% 45.58% - 46.13% 37.49%
EBIT Margin		 16.00% 18.29% 12.81% 19.38% 19.69% 15.64% 18.95% 19.15% - 17.49% 6.10%
Profit (Net Income) Margin		 20.22% -2.74% 9.16% 21.27% 7.77% 7.86% 11.41% 13.88% - 11.68% 15.38%
Tax Burden Percent		 99.90% 100.19% 99.81% 99.40% 99.56% 99.98% 99.53% 99.23% - 99.96% 100.51%
Interest Burden Percent		 126.46% -14.96% 71.67% 110.40% 39.64% 50.25% 60.50% 73.02% - 66.80% 250.83%
Effective Tax Rate		 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)		 2.61% 2.13% 2.10% 3.17% 3.24% 2.62% 3.16% 3.20% - 2.93% 1.00%
ROIC Less NNEP Spread (ROIC-NNEP)		 2.93% 0.83% 1.81% 3.35% 2.07% 1.88% 2.40% 2.65% - 2.37% 1.80%
Return on Net Nonoperating Assets (RNNOA)		 3.38% 0.90% 1.82% 2.84% 1.66% 1.47% 1.90% 1.91% - 1.79% 1.43%
Return on Equity (ROE)		 5.99% 3.03% 3.93% 6.01% 4.90% 4.10% 5.06% 5.11% - 4.72% 2.43%
Cash Return on Invested Capital (CROIC)		 -3.53% -0.53% -0.80% -4.93% -6.24% -6.12% -9.03% -5.22% - -5.39% -2.45%
Operating Return on Assets (OROA)		 2.55% 2.98% 2.06% 3.11% 3.17% 2.57% 3.10% 3.14% - 2.88% 0.98%
Return on Assets (ROA)		 3.22% -0.45% 1.47% 3.41% 1.25% 1.29% 1.86% 2.27% - 1.92% 2.48%
Return on Common Equity (ROCE)		 3.52% 2.34% 2.32% 3.70% 3.04% 2.54% 3.19% 4.22% - 3.03% 1.55%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 1.08% 1.79% 3.24% 0.00% 3.06% 3.25% 2.89% - 3.26% 3.49%
Net Operating Profit after Tax (NOPAT)		 8.91 7.59 7.24 12 13 9.57 13 13 - 12 3.78
NOPAT Margin		 16.00% 12.81% 12.81% 19.38% 19.69% 15.64% 18.95% 19.15% - 17.49% 6.10%
Net Nonoperating Expense Percent (NNEP)		 -0.32% 1.29% 0.30% -0.18% 1.17% 0.75% 0.76% 0.55% - 0.56% -0.79%
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%
Operating Expenses to Revenue		 84.00% 81.71% 87.19% 80.62% 80.31% 84.36% 81.05% 80.85% - 82.51% 93.90%
Earnings before Interest and Taxes (EBIT)		 8.91 11 7.24 12 13 9.57 13 13 - 12 3.78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 24 26 23 27 29 27 29 31 - 30 23
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 2.31 2.50 2.50 2.63 2.48 2.61 2.31 1.36 - 2.15 2.32
Price to Tangible Book Value (P/TBV)		 2.31 2.50 2.50 2.63 2.48 2.61 2.31 1.36 - 2.15 2.32
Price to Revenue (P/Rev)		 4.33 4.64 4.89 6.23 6.12 6.32 5.64 4.91 - 4.61 4.79
Price to Earnings (P/E)		 0.00 0.00 0.00 155.97 595.42 182.17 134.83 194.03 - 139.14 120.46
Dividend Yield		 5.70% 5.18% 5.25% 4.27% 4.56% 4.60% 5.18% 5.93% - 6.24% 5.94%
Earnings Yield		 0.00% 0.00% 0.00% 0.64% 0.17% 0.55% 0.74% 0.52% - 0.72% 0.83%
Enterprise Value to Invested Capital (EV/IC)		 1.35 1.43 1.44 1.56 1.51 1.60 1.45 1.19 - 1.37 1.42
Enterprise Value to Revenue (EV/Rev)		 8.51 8.74 8.95 9.92 9.60 9.98 9.25 7.41 - 8.54 8.86
Enterprise Value to EBITDA (EV/EBITDA)		 20.01 20.22 20.91 23.01 21.98 22.70 21.10 16.80 - 18.82 19.47
Enterprise Value to EBIT (EV/EBIT)		 52.07 51.20 55.14 59.17 54.39 56.98 52.18 41.86 - 45.73 49.41
Enterprise Value to NOPAT (EV/NOPAT)		 52.07 51.20 55.14 59.17 54.39 56.98 52.18 41.86 - 45.73 49.41
Enterprise Value to Operating Cash Flow (EV/OCF)		 15.66 15.74 19.49 27.66 28.30 32.35 28.51 21.63 - 25.27 26.38
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
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.98 0.94 0.90 0.72 0.67 0.66 0.71 0.73 - 0.85 0.89
Long-Term Debt to Equity		 0.98 0.94 0.90 0.72 0.67 0.66 0.71 0.73 - 0.85 0.89
Financial Leverage		 1.15 1.09 1.01 0.85 0.80 0.78 0.79 0.72 - 0.75 0.79
Leverage Ratio		 2.20 2.13 2.05 1.88 1.84 1.82 1.83 1.75 - 1.79 1.83
Compound Leverage Factor		 2.79 -0.32 1.47 2.08 0.73 0.91 1.11 1.28 - 1.19 4.58
Debt to Total Capital		 49.40% 48.36% 47.34% 41.74% 40.16% 39.88% 41.38% 42.06% - 45.89% 46.95%
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%
Long-Term Debt to Total Capital		 49.40% 48.36% 47.34% 41.74% 40.16% 39.88% 41.38% 42.06% - 45.89% 46.95%
Preferred Equity to Total Capital		 20.77% 21.24% 20.93% 20.82% 20.94% 21.16% 20.20% 0.00% - 19.60% 19.83%
Noncontrolling Interests to Total Capital		 0.15% 0.15% 0.14% 0.13% 0.12% 0.12% 0.11% 0.11% - 0.10% 0.09%
Common Equity to Total Capital		 29.68% 30.25% 31.58% 37.31% 38.77% 38.84% 38.31% 57.83% - 34.42% 33.13%
Debt to EBITDA		 7.34 6.86 6.85 6.14 5.85 5.65 6.01 5.94 - 6.29 6.45
Net Debt to EBITDA		 6.73 6.45 6.45 5.48 4.90 5.32 5.28 5.64 - 5.98 6.21
Long-Term Debt to EBITDA		 7.34 6.86 6.85 6.14 5.85 5.65 6.01 5.94 - 6.29 6.45
Debt to NOPAT		 19.10 17.36 18.07 15.79 14.48 14.18 14.86 14.81 - 15.27 16.35
Net Debt to NOPAT		 17.52 16.33 17.01 14.08 12.13 13.36 13.07 14.06 - 14.52 15.76
Long-Term Debt to NOPAT		 19.10 17.36 18.07 15.79 14.48 14.18 14.86 14.81 - 15.27 16.35
Noncontrolling Interest Sharing Ratio		 41.33% 22.87% 40.88% 38.43% 37.88% 38.05% 37.03% 17.39% - 35.89% 36.07%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -75 -38 -41 -97 -121 -122 -167 -113 - -124 -85
Operating Cash Flow to CapEx		 200.06% 113.20% 84.82% 66.95% 117.89% 65.02% 84.87% 69.02% - 89.04% 77.39%
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 -8.76
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 2.56
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 -0.75
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.16 0.16 0.16 0.16 0.16 0.16 0.16 0.16 - 0.16 0.16
Fixed Asset Turnover		 0.20 0.20 0.19 0.19 0.20 0.20 0.20 0.20 - 0.20 0.19
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 1,397 1,389 1,413 1,473 1,531 1,520 1,593 1,599 - 1,656 1,681
Invested Capital Turnover		 0.16 0.17 0.16 0.16 0.16 0.17 0.17 0.17 - 0.17 0.16
Increase / (Decrease) in Invested Capital		 84 46 48 109 134 132 180 126 - 135 88
Enterprise Value (EV)		 1,881 1,981 2,041 2,304 2,309 2,437 2,315 1,901 - 2,275 2,385
Market Capitalization		 956 1,052 1,113 1,447 1,472 1,542 1,412 1,261 - 1,227 1,289
Book Value per Share		 $6.24 $6.08 $6.34 $7.47 $7.52 $7.16 $7.26 $10.89 - $6.70 $6.54
Tangible Book Value per Share		 $6.24 $6.08 $6.34 $7.47 $7.52 $7.16 $7.26 $10.89 - $6.70 $6.54
Total Capital		 1,397 1,389 1,413 1,473 1,531 1,520 1,593 1,599 - 1,656 1,681
Total Debt		 690 672 669 615 615 606 659 673 - 760 789
Total Long-Term Debt		 690 672 669 615 615 606 659 673 - 760 789
Net Debt		 633 632 629 548 515 571 580 638 - 722 761
Capital Expenditures (CapEx)		 14 17 22 25 23 20 29 34 - 23 32
Net Nonoperating Expense (NNE)		 -2.35 9.21 2.06 -1.15 7.64 4.76 5.03 3.53 - 3.83 -5.75
Net Nonoperating Obligations (NNO)		 690 672 669 615 615 606 659 673 - 760 789
Total Depreciation and Amortization (D&A)		 15 15 16 15 16 17 16 18 - 19 19
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.10 ($0.09) $0.01 $0.11 $0.00 $0.00 $0.03 $0.05 ($0.01) $0.03 $0.05
Adjusted Weighted Average Basic Shares Outstanding		 63.07M 69.13M 71.42M 75.61M 74.11M 82.39M 83.97M 84.99M 84.07M 85.00M 85.20M
Adjusted Diluted Earnings per Share		 $0.10 ($0.09) $0.01 $0.11 $0.00 $0.00 $0.03 $0.05 ($0.01) $0.03 $0.05
Adjusted Weighted Average Diluted Shares Outstanding		 63.68M 69.13M 71.88M 76.56M 74.91M 83.34M 84.78M 85.48M 84.69M 85.37M 85.58M
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		 69.34M 70.40M 73.55M 78.90M 82.46M 84.08M 84.93M 85.23M 85.02M 85.17M 85.39M
Normalized Net Operating Profit after Tax (NOPAT)		 6.24 7.59 5.07 8.23 8.83 6.70 8.84 8.97 - 8.06 2.65
Normalized NOPAT Margin		 11.20% 12.81% 8.97% 13.57% 13.78% 10.95% 13.27% 13.41% - 12.24% 4.27%
Pre Tax Income Margin		 20.24% -2.74% 9.18% 21.40% 7.81% 7.86% 11.47% 13.98% - 11.68% 15.30%
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 0.39
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 0.39
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 -2.92
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 - 0.00 -2.92
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 838.05% 887.33% 539.35% 269.00% 364.90% 294.46% 284.68% 336.18% - 318.93% 299.89%
Augmented Payout Ratio		 838.05% 887.33% 539.35% 269.00% 364.90% 294.46% 284.68% 336.18% - 318.93% 299.89%

Financials Breakdown Chart

Key Financial Trends

UMH Properties has expanded significantly since late 2022. Total assets increased from $1.27 billion in Q3 2022 to $1.71 billion in Q2 2026, while net premises and equipment rose from $1.01 billion to $1.46 billion. This indicates continued investment in the company’s manufactured housing communities and related property portfolio.

Operating performance has also improved from the losses reported in 2022 and early 2023. Revenue increased from $51.9 million in Q3 2022 to $62.0 million in Q2 2026. Consolidated net income reached $9.5 million in the latest quarter, up from $7.6 million in Q2 2025, while net income attributable to common shareholders rose to $4.4 million from $2.5 million. Basic and diluted earnings per share increased to $0.05 from $0.03.

Cash generation remains positive, but the company is investing heavily and relying more on debt and equity financing. Operating cash flow was $24.8 million in Q2 2026, slightly above the $24.4 million generated in the year-ago quarter. However, property and equipment purchases totaled $33.5 million, dividends consumed $23.4 million, and cash declined by $7.4 million during the quarter. Long-term debt increased to $789.5 million from $759.9 million in Q1 2026 and $659.2 million in Q2 2025. Investors should also note that the latest figures include restated historical results, and several cash-flow figures are calculated rather than directly reported.

  • Property portfolio growth: Total assets expanded approximately 35% from Q3 2022 to Q2 2026, driven primarily by a roughly 44% increase in net premises and equipment.
  • Improved profitability: Consolidated net income has remained positive in the recent quarters and rose to $9.5 million in Q2 2026 from $4.6 million in Q4 2025.
  • Better common-shareholder earnings: Net income attributable to common shareholders increased 75% year over year to $4.4 million, lifting EPS to $0.05 from $0.03.
  • Consistent operating cash flow: Operating cash flow has remained positive in each of the recent quarters, reaching $24.8 million in Q2 2026 and exceeding the $12.8 million generated in Q1 2025.
  • Stronger equity base: Total equity and noncontrolling interests increased to $891.9 million in Q2 2026 from $511.6 million in Q3 2022, providing a larger capital base to support growth.
  • Revenue growth is moderate: Q2 2026 revenue was 4.6% higher than the restated Q2 2025 figure but remained below the $64.1 million reported in Q4 2024, suggesting some quarter-to-quarter variability.
  • Preferred dividends remain substantial: UMH declared $5.2 million of preferred dividends in Q2 2026, leaving less than half of consolidated net income available to common shareholders.
  • Higher leverage: Long-term debt rose approximately 20% year over year to $789.5 million, while debt represented about 46% of total assets at the end of Q2 2026.
  • Rising interest costs: Interest expense increased to $9.7 million in Q2 2026 from $7.4 million in Q2 2025, creating pressure on pretax profitability as borrowings have grown.
  • Negative free cash flow after investment and dividends: Q2 operating cash flow of $24.8 million did not cover property purchases, investment-security purchases and dividend payments, contributing to a $7.4 million quarterly decline in cash. Cash ended the quarter at $28.6 million, down from $37.4 million in Q1 2026 and $79.2 million in Q2 2025.
09/03/26 08:54 PM ETAI Generated. May Contain Errors.

UMH Properties Financials - Frequently Asked Questions

According to the most recent income statement we have on file, UMH Properties' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

UMH Properties' net income appears to be on an upward trend, with a most recent value of $26.28 million in 2025, rising from $2.14 million in 2015. The previous period was $21.44 million in 2024. Check out UMH Properties' forecast to explore projected trends and price targets.

Over the last 10 years, UMH Properties' total revenue changed from $81.72 million in 2015 to $261.75 million in 2025, a change of 220.3%.

UMH Properties' total liabilities were at $791.84 million at the end of 2025, a 22.2% increase from 2024, and a 123.6% increase since 2015.

In the past 10 years, UMH Properties' cash and equivalents has ranged from $4.22 million in 2016 to $116.18 million in 2021, and is currently $72.10 million as of their latest financial filing in 2025.


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Financial statements for NYSE:UMH last updated on 8/5/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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