Bluerock Homes Trust, Inc. (BHM) vs UMH Properties, Inc. (UMH)

Bluerock Homes Trust, Inc. and UMH Properties, Inc. are both Reit Residential companies. UMH Properties, Inc. is the larger, with a market value of $1.3B against $93.3M — 14.0× the size. Bluerock Homes Trust, Inc. has negative trailing earnings, so its P/E is not meaningful; UMH Properties, Inc. trades at 128×. Bluerock Homes Trust, Inc. grew revenue faster over the last twelve months: 24.8% against 8.37%. UMH Properties, Inc. has the higher net margin (3.94% vs −18.0%) and the higher return on invested capital (2.00% vs −3.99%). Across the 18 metrics below, Bluerock Homes Trust, Inc. leads on 10 and UMH Properties, Inc. on 8.

Valuation

Metric BHM UMH Reit Residential median
P/E n/m 128.33 28.48
P/S 0.43 4.84 5.52
P/B 0.06 2.35 1.89
Price to free cash flow 0.94 n/m 18.04
EV/EBITDA n/m 16.00 15.74
EV/Sales (1.89) 7.36 8.08
Earnings yield (81.24%) 0.78% 2.37%
Free cash flow yield 106.34% (7.63%) 4.03%

Profitability

Metric BHM UMH Reit Residential median
Gross margin 100.00% 54.87% 58.73%
Operating margin (29.32%) 18.64% 20.57%
Net margin (17.97%) 3.94% 20.81%
Free cash flow margin 45.71% (36.91%) 20.24%
Return on equity (2.61%) 1.83% 6.86%
Return on assets (1.25%) 0.64% 3.17%
Return on invested capital (3.99%) 2.00% 2.03%

Growth

Metric BHM UMH Reit Residential median
Revenue growth (TTM) 24.81% 8.37% 2.66%
EPS growth (last fiscal year) (174.55%) 133.33% —
Revenue growth, 5-year CAGR 56.30% 9.85% 7.53%
Net income growth, 5-year CAGR 0.00% 0.00% 3.76%

Health

Metric BHM UMH Reit Residential median
Debt to equity 0.00 0.80 0.78
Current ratio 0.49 6.90 0.54
Net debt to EBITDA (18.39) 5.23 4.27

Dividend

Metric BHM UMH Reit Residential median
Dividend yield — 5.57% 4.63%
Payout ratio — 3.85 1.35

Size

Metric BHM UMH Reit Residential median
Market cap 93.29m 1.31b 4.17b

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