Pricing Log in Create free account
Friday 6 November 2026 Export UMH’s income statement to Excel — free account

UMH Properties, Inc.

UMH Real Estate Reit Residential

UMH Properties, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $261.8 million, up 8.81% from fiscal 2024.

Revenue
+10.8%
EPS
−27.4%
Free cash flow
+16.1%
Total debt
+29.6%

Quarter to September 2026, against a year earlier

15.15 0.31 −2.01%
Market cap
$1.3B
P/E
143×
Fwd P/E
99.7×
Dividend yield
5.94%
F-score
6/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 0.12
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy 1 — — 2 1 — 2 2 3 3 2 2
Sell — — — — — — — — — — — —
Insider Ownership 11.24%

Capital & Financial Ratios $m

Size
Market Cap 1,300.00
Revenue ttm 278.58
Net income ttm 24.90
Free cash flow ttm (93.76)
Net debt Q 735.74
Valuation
P/E 142.52 (above 35: high)
Forward P/E 99.70 (above 35: high)
Price / sales 4.65
Forward P/S Powerpack
Price / FCF 0.00
Price / book 2.39
Financial health
Current ratio Q 6.83
Debt / equity Q 0.88
Interest coverage Q 1.46
Growth
Revenue growth Q +10.78% (above 0%: growing)
Operating income growth Q +6.29% (above 0%: growing)
EPS, this year +64.29% (at or above 15%: strong)
EPS, next year A +13.04%
Revenue, next year A +8.31%
EPS, past 5 yrs —
EPS, next 5 yrs A +6.00%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 7.3×, against a ten-year median of 7.5×; over the ten years it ranged from 5.7× in 2020 to 8.9× in 2021.
P/E against its own 10 years 54.25%
10-year low 10-year high
P/S against its own 10 years 50.24%
10-year low 10-year high
P/B against its own 10 years 23.10%
10-year low 10-year high
EV/Sales against its own 10 years 36.05%
10-year low 10-year high

Dividends raised 6 years running

Yield
5.94%
Annual rate
0.90
Payout ratio
848.3%
Growth, 2018–26
+2.83%/yr
  1. 0.72 ’18
  2. 0.72 ’19 +0
  3. 0.72 ’20 +0
  4. 0.76 ’21 +6
  5. 0.80 ’22 +5
  6. 0.82 ’23 +2
  7. 0.85 ’24 +4
  8. 0.89 ’25 +5
  9. 0.90 ’26 +1
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 57 100 72 38
Receivables — — — —
Inventory — — — —
Other — — — —
138 191 177 154
2023 2024 2025 Q'26
Payables 6 8 6 7
ST’ Debt — — — —
Other — — — —
21 23 20 23

Compound Annual Growth %

10y 5y 3y
Sales 12.37% 9.85% 10.17%
Cash Flow 12.29% 4.17% 0.00%
Earnings 0.00% 0.00% 0.00%
Book Value 13.93% 12.57% 18.07%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.26 Actual 0.26

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.24 0.24 Met by 0.00
Q1 FY26 0.21 0.23 Beat by 0.02
Q2 FY26 0.24 0.25 Beat by 0.01
Q3 FY26 0.26 0.26 Met by 0.00
Q4 FY26 0.26 — Reports 24 February 2027

EPS $

Mar Jun Sep Dec Year
’26 0.03 0.05 0.04 — —
’25 0.00 0.03 0.05 (0.01) 0.07
’24 (0.09) 0.01 0.11 0.00 0.03
’23 (0.09) (0.07) (0.09) 0.10 (0.15)
’22 (0.09) (0.41) (0.18) 0.01 (0.67)
’21 0.16 0.18 (0.07) 0.17 0.45
’20 (1.04) 0.25 (0.31) 0.38 (0.72)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 66 72 74 — —
’25 61 67 67 67 262
’24 58 60 61 62 241
’23 53 55 56 57 221
’22 46 49 52 49 196
’21 43 49 48 46 186
’20 38 40 43 43 164
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 21 25 16 — —
’25 13 24 23 21 82
’24 19 19 17 27 82
’23 13 40 38 29 120
’22 6 0 0 (12) (7)
’21 13 20 13 19 65
’20 17 14 19 16 67
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 (12) (21) (33) — —
’25 (43) (19) (40) (28) (129)
’24 (6) (13) (21) (14) (54)
’23 (22) (15) (7) 1 (42)
’22 (15) (32) (60) (71) (178)
’21 (10) (13) (11) (2) (37)
’20 (3) (10) (13) (9) (36)
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1.6
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 99 113 130 147 164 186 196 221 241 262 279 +11.4% 284 305 284 +2.7%
Gross margin, % 50.51 50.01 50.10 49.08 52.57 52.65 52.38 53.63 54.58 54.71 54.79 +4.2 pt
EBT 12 13 (36) 28 5 51 (5) 8 21 26 25 +9.6%
EBT margin, % 11.63 11.25 (27.95) 18.93 3.09 27.45 (2.54) 3.55 8.91 10.04 8.94 (1.6) pt
Net income 12 13 (36) 28 5 51 (5) 8 21 26 25 +9.6%
Per share, $
Per share, $ Revenue 3.57 3.45 3.51 3.67 3.95 4.02 3.60 3.50 3.25 3.11 3.26 (1.5%)
Earnings (0.09) (0.24) (1.53) 0.06 (0.72) 0.46 (0.67) (0.15) 0.03 0.07 0.11 n/m
Cash flow 1.05 1.25 1.09 0.97 1.61 1.41 (0.13) 1.90 1.10 0.98 0.98 (0.8%)
Capex (2.33) (3.83) (3.24) (3.02) (2.48) (2.21) (3.14) (2.58) (1.83) (2.51) (2.07) +0.8%
Free cash flow (1.28) (2.58) (2.15) (2.06) (0.87) (0.80) (3.27) (0.67) (0.73) (1.54) (1.10) +2.0%
Book value 11.40 12.89 11.52 13.69 12.12 16.02 10.13 11.21 12.36 10.79 10.31 (0.6%)
Shares, m 28 33 37 40 41 46 54 63 74 84 85 +13.1%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 262.17 0.00 59.41 0.00 0.00 629.33 227.29 142.52 117.8
P/S 4.20 4.22 3.37 4.28 3.75 6.80 4.46 4.33 5.82 5.11 4.65 4.6
P/B 3.19 2.60 3.21 4.44 6.53 4.53 2.68 2.30 2.35 2.29 2.39 3.4
EV/Sales 7.69 7.47 6.70 7.31 7.07 8.86 8.20 7.19 7.96 7.45 7.29 7.6
EV/FCF (21.40) (9.97) (10.97) (13.05) (32.27) (44.51) (9.02) (37.54) (35.59) (15.08) (21.65) (22.9)
Cash, $m
Cash, $m Operating cash flow 29 41 40 39 67 65 (7) 120 82 82 83 +12.2%
Capex (65) (125) (119) (121) (103) (102) (171) (162) (135) (211) (177) +14.0%
Free cash flow (36) (84) (79) (82) (36) (37) (178) (42) (54) (129) (94) +15.4%
Balance, $m
Balance, $m Working capital 17 41 28 36 40 150 74 117 168 157 132 +28.2%
Net debt 347 366 432 444 543 383 732 633 515 613 736 +6.5%
Shareholders’ equity 317 421 425 546 502 742 551 707 916 907 881 +12.4%
Returns, %
Returns, % ROA (0.40) (1.02) (6.63) 0.27 (2.81) 1.80 (2.77) (0.63) 0.17 0.37 0.26 +0.8 pt
ROIC 1.50 1.27 1.36 1.26 1.69 1.89 1.44 1.69 1.85 1.97 1.99 +0.5 pt
ROE (2.14) (4.91) (35.52) 1.85 (25.31) 11.37 (11.98) (2.35) 0.49 1.01 0.76 +3.2 pt
People
People Employees 330 340 380 420 440 430 460 480 513 540 — +5.6%
Revenue/emp, $m 0.30 0.33 0.34 0.35 0.37 0.43 0.43 0.46 0.47 0.48 — +5.5%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

UMH Properties, Inc. vs peers in Reit Residential (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
JAN Janus Living, Inc. $9.5B — (loss-making) — +78.32% (above 0%: growing) n/m +592.48% (above 0%: growing) 27.91% (4.66%) Compare
MRP Millrose Properties, Inc. $4.1B 8.7× 8.3× +17.71% (above 0%: growing) +24.27% (above 0%: growing) +61.32% (above 0%: growing) 85.66% 85.52% Compare
IRT Independence Realty Trust, Inc. $3.7B 57.9× 92.2× +2.97% (above 0%: growing) +264.00% (above 0%: growing) +235.79% (above 0%: growing) 58.16% 16.71% Compare
UMH UMH Properties, Inc. $1.3B 143× 99.7× +10.78% (above 0%: growing) −27.40% (below 0%: shrinking) +16.10% (above 0%: growing) 53.76% 18.37%
CSR Centerspace $1.0B 8.8× — (loss-making) −16.64% (below 0%: shrinking) +165.61% (above 0%: growing) +226.92% (above 0%: growing) 86.32% 254.51% Compare
NXRT NexPoint Residential Trust, Inc. $435.3M — (loss-making) — (loss-making) +2.61% (above 0%: growing) n/m +25.98% (above 0%: growing) 60.54% 9.87% Compare
BSRT BSR Real Estate Investment Trust $402.9M — — — — — — — Compare
BRT BRT Apartments Corp. $239.6M — (loss-making) — (loss-making) +1.23% (above 0%: growing) n/m +5.58% (above 0%: growing) 100.00% 11.79% Compare
AIV Apartment Investment and Management Company $229.5M 0.4× — (loss-making) +3,292.65% (above 0%: growing) n/m +226.39% (above 0%: growing) (20.10%) (337.31%) Compare
Median of peers $732.7M 8.8× — +2.97% +165.61% +226.39% 60.54% 11.79%

All 20 Reit Residential stocks →

Pay and ownership Proxy statement filed 17 April 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 2.91m 603.90k 135.00
2024 3.51m 4.62m 152.00
2023 3.44m 3.39m 117.00
2022 2.77m 303.71k 117.00
2021 5.22m 8.43m 191.00

Ownership

Directors and executive officers, together 8.33%
The Vanguard Group 9.56%
BlackRock, Inc. 9.45%
T. Rowe Price Investment Management, Inc. 5.16%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

UMH Properties, Inc. (UMH) Latest News

4 Nov

Impact 3 · · MarketBeat transcript

3 Nov

Impact 3 · · GuruFocus.com
Impact 3 · · The Motley Fool transcript
Impact 3 · · Moby

2 Nov

Impact 3 · · GlobeNewswire

3 Oct

Impact 4 · · Simply Wall St.

2 Oct

Impact 4 · · Simply Wall St.

1 Oct

Impact 4 · · GlobeNewswire

12 Aug

Impact 4 · · credaily.com
Impact 3 · · The Motley Fool transcript

9 Aug

Impact 3 · · MarketBeat transcript

7 Aug

Impact 3 ·

6 Aug

Impact 3 · · Moby transcript

5 Aug

Impact 3 ·
Impact 3 ·

8 Jul

Impact 3 ·

2 Jul

Impact 3 ·

24 Jun

Impact 4 · · GlobeNewswire

8 May

Impact 4 · · Simply Wall St.

7 May

Impact 3 · · GlobeNewswire

2 May

Impact 4 · · GuruFocus.com
Impact 4 · · Simply Wall St.
Impact 3 · · MarketBeat

1 May

Impact 3 · · Moby

30 Apr

Impact 4 · · GlobeNewswire
Impact 3 · · Zacks

15 Apr

Impact 4 · · usatoday.com

4 Apr

Impact 4 · · Simply Wall St.

2 Apr

Impact 4 · · Zacks

1 Apr

Impact 3 · · GlobeNewswire
stockrow.com/UMH · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com