Item 1 – Business General Development of Business UMH Properties, Inc. (“UMH”), together with its predecessors and consolidated subsidiaries, are referred to herein as “we”, “us”, “our”, or “the Company”, unless the context requires otherwise. UMH is a Maryland corporation that operates as a self-administered and self-managed qualified real estate investment trust (“REIT”) under Sections 856-860 of the Internal Revenue Code (the “Code”). The Company elected REIT status effective January 1, 1992 and intends to maintain its qualification as a REIT in the future. As a qualified REIT, with limited exceptions, the Company will not be taxed under Federal and certain state income tax laws at the corporate level on taxable income that it distributes to its shareholders. For special tax provisions applicable to REITs, refer to Sections 856-860 of the Code. UMH was incorporated in the state of New Jersey in 1968.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 262M | 262M | 241M | 221M | 196M | 186M |
| Net Income | 6.0M | 6.0M | 2.5M | -8.7M | -36M | 21M |
| EPS | $0.07 | $0.07 | $0.03 | $-0.15 | $-0.67 | $0.45 |
| Free Cash Flow | -32M | -32M | -11M | -3.8M | -88M | 5.9M |
| ROIC | 0.4% | 0.7% | 0.3% | 0.2% | -1.6% | 7.2% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.61 | 0.61 | 0.53 | 0.13 | 0.28 | 0.06 |
| Dividends/Share | $0.84 | $0.84 | $0.72 | $0.84 | $0.75 | $0.67 |
| Operating Income | 912K | 912K | 794K | 1.1M | -9.8M | 40M |
| Operating Margin | 0.3% | 0.3% | 0.3% | 0.5% | -5.0% | 21.7% |
| ROE | 0.7% | 0.7% | 0.3% | -1.2% | -6.6% | 2.9% |
| Shares Outstanding | 85M | 85M | 82M | 58M | 54M | 47M |
UMH PROPERTIES, INC. passes 1 of 9 quality checks, indicating weak fundamentals.
UMH PROPERTIES, INC. trades at 218.9x trailing earnings, compared to its 15-year median P/E of 46.5x, suggesting it is currently Expensive relative to its historical range. The company's 5-year average ROIC is 1.4%. Total shareholder yield (dividends + buybacks) is 5.8%. At current prices, the estimated annualized return to fair value is -23.4%.
UMH PROPERTIES, INC. (UMH) has a current P/E ratio of 218.9, compared to its historical median P/E of 46.5. The stock is currently considered Expensive based on its historical valuation range.
UMH PROPERTIES, INC. (UMH) has a 5-year average return on invested capital (ROIC) of 1.4%. This is below average and may indicate limited pricing power.
UMH PROPERTIES, INC. (UMH) has a market capitalization of $1.3B. It is classified as a small-cap stock.
Yes, UMH PROPERTIES, INC. (UMH) pays a dividend with a trailing twelve-month yield of 5.46%. The company also returns capital through share buybacks, with a buyback yield of 0.37%.
Based on historical P/E analysis, UMH PROPERTIES, INC. (UMH) appears expensive. The current P/E of 218.9 is 370% above its historical median of 46.5. The estimated fair value CAGR (P/E method) is -23.4%.
UMH PROPERTIES, INC. (UMH) operates in the Real Estate Investment Trusts industry, within the Real Estate sector.
UMH PROPERTIES, INC. (UMH) reported annual revenue of $262 million in its most recent fiscal year, based on SEC EDGAR filings.
UMH PROPERTIES, INC. (UMH) has a net profit margin of 2.3%. This is a modest margin.
UMH PROPERTIES, INC. (UMH) generated $-32 million in free cash flow in its most recent fiscal year. Negative free cash flow may indicate heavy investment or operational challenges.
UMH PROPERTIES, INC. (UMH) has a debt-to-equity ratio of 0.61. This indicates moderate leverage.
UMH PROPERTIES, INC. (UMH) reported earnings per share (EPS) of $0.07 in its most recent fiscal year.
UMH PROPERTIES, INC. (UMH) has a return on equity (ROE) of 0.7%. This indicates moderate shareholder returns.
The Ledger Terminal provides 17 years of financial data for UMH PROPERTIES, INC. (UMH), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
UMH PROPERTIES, INC. (UMH) has a book value per share of $10.62, based on its most recent annual SEC filing.