UMH Properties, Inc. | REIT Profile
Symbol: UMH
CIK: 752642
Exchange: NYSE
Preferred Stock: UMH-C, UMH-D
Founded: 1968 (54 years)
HQ: Freehold Township, NJ, United States
Type of REIT: Equity REIT
Listing Status: Public
Market Capitalization: Small-Cap
REIT Sector: Residential
Internally Managed REIT
See UMH on Google Finance
See UMH on Yahoo Finance
See UMH on SEC.gov
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UMH Properties, Inc., (UMH) is the No. 1 performing REIT (real estate investment trust) in the country that owns and operates manufactured home communities. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland. Manufactured home communities provide long-term appreciation, recession resistant qualities, and stable income streams. UMH has been in business since 1968, operating as a public company since 1985. We own a portfolio of 107 manufactured home communities, housing approximately 19,400 homesites. In addition, we own approximately 1,500 acres of land for the development of new sites.
Stock Chart
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REITMovers tracks the stock price and other indicators for all US REITs tracked by REITNotes during normal trading hours. This data is updated every 3 minutes during normal trading hours. Note: All prices have a 15 minute delay.
| Latest Price | High | Low | Open | Close | Previous Close | Volume | Change $ | Change % | Market Cap | PE Ratio | 52W High | 52W Low | Ytd Change |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $17.70 | $17.76 | $17.47 | $17.56 | $17.70 | $17.62 | 133,217 | $0.08 | 0.45% | $986,513,518 | -34.81 | $26.41 | $14.97 | -32.42% |
Last update: 2022-11-25 10:00:01 PST
REITRating™ Trend
REITRating™ is REITNotes' Real Estate Investment Trust industry-specific rating and ranking system. The overall score is out of ten points, with ten being the best score. See score breakdown. The graph below plots the overall REITRating™ score for the last trading days. See complete trend.
Hightlights of Trading Day November 25, 2022
Closing Price: $17.7
Price Change: 0.08 (0.454%)
Lowest Price: $17.47
Highest Price: $17.76
52-Week Low: $14.97
52-Week Change: -21.94%
5 Day Price Change: 3.65%
1 Month Price Change: 7.14%
3 Month Price Change: -3.01%
6 Month Price Change: -8.71%
1 Year Price Change: -21.94%
2 Year Price Change: 30.31%
5 Year Price Change: 44.51%
Dividend of Trading Day November 25, 2022
Annualized Dividend: $0.8*
Dividend Yield (TTM): 4.468%
Annualized Dividend (TTM): $0.7873
Ex-Dividend Date: 2022-11-14
Dividend Frequency: Quarterly
*The forward annualized dividend and dividend yield are based on the most recent dividend value paid by the REIT. The REIT may have already announced their next upcoming dividend value, which may be different from previously paid dividend value. It is recommended to check the REIT's website and dividend announcements for the latest information on upcoming dividends and changes. This graph does not include extraordinary dividend.
Latest News Headlines
- UMH Properties, Inc. - UMH PROPERTIES, INC. COMPLETES ACQUISITION OF OHIO MANUFACTURED HOME COMMUNITY - Tue, 22 Nov 2022 23:08:33 UTC
- UMH Properties, Inc. - UMH PROPERTIES, INC. REPORTS RESULTS FOR THE THIRD QUARTER ENDED SEPTEMBER 30, 2022 - Tue, 08 Nov 2022 21:30:33 UTC
- UMH Properties, Inc. - UMH PROPERTIES, INC. WILL PRESENT TO THE PHILADELPHIA SECURITIES ASSOCIATION - Tue, 18 Oct 2022 18:40:01 UTC
- UMH Properties, Inc. - UMH PROPERTIES, INC. REPORTS ON THE IMPACT OF HURRICANE IAN - Mon, 10 Oct 2022 13:36:05 UTC
- UMH Properties, Inc. - UMH PROPERTIES, INC. DECLARES COMMON AND PREFERRED DIVIDENDS - Mon, 03 Oct 2022 20:15:45 UTC
Funds From Operations (FFO)
FFO Amount and Payout Ratio
Below are the FFO amounts, dividends, and payout ratios for the last two quarters for UMH.
| Year | Quarter | Type | Amount | Dividend Paid | Payout Ratio |
|---|---|---|---|---|---|
| 2022 | Q3 | FFO Core | $--- | $--- | ---% |
| 2022 | Q3 | Normalized FFO | $--- | $--- | ---% |
| 2022 | Q2 | Normalized FFO | $--- | $--- | ---% |
| 2022 | Q2 | FFO Core | $--- | $--- | ---% |
REITNotes uses the REIT's Funds From Operation (FFO) per diluted share informed in the REIT’s Quarterly Earning Reports and its announced dividend per diluted share. For some REITs, we also display the Adjusted Funds From Operations (AFFO), Core FFO, Normalized FFO (NFFO), Modified FFO (MFFO), Operating FFO as provided by the REIT. REITNotes™ calculates the payout ratio by dividing the dividend value paid during the current quarter by the FFO declared in the previous Quarter. E.g., we divide the dividend value paid in Q3 by the FFO reported in Q2. This is because although paid in Q3, the dividend value is usually declared during the previous quarter. FFO is a non-GAAP measure recognized by the SEC and provided by the REITs as a supplemental measure of their operating performance. FFO is not meant to be an indicator of the REIT’s capacity to pay current or future dividends nor to be a substitute to the REIT's cash flow from operations. It is recommended to check the REIT's website, Earning Reports and dividend announcements for the latest and updated information.
Key Stats of Trading Day November 25, 2022
Current Debt: $29,287,000
Revenue: $193,006,000
Gross Profit: $175,079,000
Total Revenue: $193,006,000
Earnings Before Interest, Taxes & Depreciation Amortization (EBITDA): $82,460,000
Revenue Per Share: $3
Revenue Per Employee: $459,538
Employee: 440
Debt to Equity Ratio (D/E): 2.49
Enterprise Value (EV): $1,630,352,847
Enterprise Value to Revenue (EV/R): 8.45
Price to Sales (P/S): 5.21
Price to Book (P/B): 3.42
Price/Earnings-to-Growth (PEG) Ratio: 0.20
P/E Ratio: -34.81
P/E High: -6.17
P/E Low: -8.97
Forward P/E Ratio: -35.98
Market Capitalization: $986,513,518
Latest Volume: 133,220
Avg. Total Volume: 255,463
Avg. 10-Day Volume: 293,084
Avg. 30-Day Volume: 255,463
TTM EPS: -0.51
Shares Outstanding: 55,735,227
Float: N/A
50-Day Moving Avg.: $16.77
200-Day Moving Avg.: $17.93
Latest REIT Community Comments on #UMH
- One more for #UMH. - RoTtom - 2021-01-24 18:10:27 - See full comment
- #UMH increased the dividend by 6% for the companies quarterly common stock dividend, raising it from $0.18 per share to $0.19 per share. The dividend is payable March 15, 2021, to shareholders of record at the close of business on February 16, 2021. This represents an annual dividend rate of $0.76 per share. - Kyuie - 2021-01-13 14:11:48 - See full comment
- I am sad to say this is the first time I hear of #UMH. I feel like I have been missing out on an opportunity! This REIT has been growing fast in the last couple of weeks. I wonder if it’s a result of many people moving out if the city as a result of covid. - wolfman82 - 2020-12-17 21:52:16 - See full comment
Properties Owned by UMH
Sample of REIT’s Properties. Image Source - REIT’s website
Properties Based on Earnings Report's 10-K
Occupancy Rate
Different REITs may report Occupancy levels in various forms/calculations. Some of the terms used to describe occupancy are Portfolio Occupancy, Weighted Average Occupancy, Ending Occupancy, Economic Occupancy, Leased Occupancy, Physical Occupancy, Pro Forma Occupancy, Same-Property Occupancy, Stabilized Portfolio Occupancy, Comparable Occupancy, Lease Rate, Percent Leased, among others. Some REITs interchange the words Occupancy and Leased while others use them to distinguish between data points. Some REITs also vary the use of the words over time through their earning reports. Therefore the information provided here is our best attempt at collecting data on occupancy/leased trends. However, it may not be accurate or comparable between different REITs.
REIT Simulation
Below is a simulation of how much money you would have made in dividends, and how much the shares would be worth had you purchased them 1 year ago for the amounts below.
| With $1,000 USD | With $500 USD | With $250 USD | With $100 USD | With $50 USD | |
|---|---|---|---|---|---|
| Initial investment | @ $14.60 per share you would have been able to buy 68 shares of UMH on 2021-11-26 costing $992.80 | @ $14.60 per share you would have been able to buy 34 shares of UMH on 2021-11-26 costing $496.40 | @ $14.60 per share you would have been able to buy 17 shares of UMH on 2021-11-26 costing $248.20 | @ $14.60 per share you would have been able to buy 6 shares of UMH on 2021-11-26 costing $87.60 | @ $14.60 per share you would have been able to buy 3 shares of UMH on 2021-11-26 costing $43.80 |
| Current worth | On 2022-11-25 these 68 shares would be worth $1,203.60 @ $17.70 | On 2022-11-25 these 34 shares would be worth $601.80 @ $17.70 | On 2022-11-25 these 17 shares would be worth $300.90 @ $17.70 | On 2022-11-25 these 6 shares would be worth $106.20 @ $17.70 | On 2022-11-25 these 3 shares would be worth $53.10 @ $17.70 |
| Dividends earned | $67.32 in dividends would have been earned since 2021-11-26 with 68 shares. | $34 in dividends would have been earned since 2021-11-26 with 34 shares. | $16.83 in dividends would have been earned since 2021-11-26 with 17 shares. | $5.94 in dividends would have been earned since 2021-11-26 with 6 shares. | $2.97 in dividends would have been earned since 2021-11-26 with 34 shares. |
| Net (gain / loss)* | 278.12 USD | 139.06 USD | 69.53 USD | 24.54 USD | 12.27 USD |
| ROI** | 28.01% | 28.01% | 28.01% | 28.01% | 28.01% |
*Net (Gains/Loss): Includes the stock price (appreciate or depreciate ) + dividends earned during period held. Stock prices based on closing price for the date. **ROI: Is based on the Net (gain/loss) divided by the initial investment value. Note: Past performance is no guarantee of future results. This is a high-level simulation and does not account for many factors such as inflation and taxes so we cannot guarantee the accuracy of this simulation.
Dividend History
Below are the most recent cash dividends paid by UMH. The percent difference from one dividend payment to the next has also been calculated for your convenience. Dividends flagged as [E] are extraordinary dividend payments.
| Symbol | Ex Date | Cash Amount | Change in Dividend | Declaration Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| UMH | 2022-11-14 | 0.200 | --- | 2022-10-03 | 2022-11-15 | 2022-12-15 |
| UMH | 2022-08-12 | 0.200 | --- | 2022-07-01 | 2022-08-15 | 2022-09-15 |
| UMH | 2022-05-13 | 0.200 | --- | 2022-04-01 | 2022-05-16 | 2022-06-15 |
| UMH | 2022-02-14 | 0.200 | 5.26% | 2022-01-12 | 2022-02-15 | 2022-03-15 |
| UMH | 2021-11-12 | 0.190 | --- | 2021-10-01 | 2021-11-15 | 2021-12-15 |
| UMH | 2021-08-13 | 0.190 | --- | 2021-07-01 | 2021-08-16 | 2021-09-15 |
| UMH | 2021-05-14 | 0.190 | --- | 2021-04-01 | 2021-05-17 | 2021-06-15 |
| UMH | 2021-02-12 | 0.190 | 5.56% | 2021-01-13 | 2021-02-16 | 2021-03-15 |
| UMH | 2020-11-13 | 0.180 | --- | 2020-10-01 | 2020-11-16 | 2020-12-15 |
| UMH | 2020-08-14 | 0.180 | --- | 2020-07-01 | 2020-08-17 | 2020-09-15 |
| UMH | 2020-05-14 | 0.180 | --- | 2020-04-02 | 2020-05-15 | 2020-06-15 |
| UMH | 2020-02-14 | 0.180 | --- | 2020-01-15 | 2020-02-18 | 2020-03-16 |
| UMH | 2019-11-14 | 0.180 | --- | 2019-10-03 | 2019-11-15 | 2019-12-16 |
| UMH | 2019-08-14 | 0.180 | --- | 2019-07-01 | 2019-08-15 | 2019-09-16 |
| UMH | 2019-05-14 | 0.180 | --- | 2019-04-01 | 2019-05-15 | 2019-06-17 |
| UMH | 2019-02-14 | 0.180 | --- | 2019-01-15 | 2019-02-15 | 2019-03-15 |
| UMH | 2018-11-14 | 0.180 | --- | 2018-10-01 | 2018-11-15 | 2018-12-17 |
| UMH | 2018-08-14 | 0.180 | --- | 2018-07-02 | 2018-08-15 | 2018-09-17 |
| UMH | 2018-05-14 | 0.180 | --- | 2018-04-02 | 2018-05-15 | 2018-06-15 |
| UMH | 2018-02-14 | 0.180 | --- | 2018-01-25 | 2018-02-15 | 2018-03-15 |
Earnings Press Releases
Financial Statements Overview
Balance Sheet | Quarterly
See Annual Balance Sheet | See Quarterly Balance Sheet
Amounts in USD ($)
| Balance Sheet | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 |
|---|---|---|---|---|
| Current Cash | 322,739,000 | 349,436,000 | 229,923,000 | 185,246,000 |
| Receivables | 59,660,000 | 57,937,000 | 55,359,000 | 53,917,000 |
| Inventory | 45,992,000 | 34,288,000 | 23,659,000 | 20,331,000 |
| Current Assets | 447,436,000 | 459,710,000 | 326,076,000 | 279,748,000 |
| Current Assets (Other) | 19,045,000 | 18,049,000 | 17,135,000 | 20,254,000 |
| Short Term Investments | 19,045,000 | 18,049,000 | 17,135,000 | 20,254,000 |
| Long-term Investments | 975,829,000 | 954,116,000 | 944,744,000 | 925,986,000 |
| Property, Plant & Equipment Net | 933,734,000 | 919,188,000 | 913,455,000 | 888,050,000 |
| Goodwill | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 |
| Other Assets | 31,085,000 | 25,875,000 | 22,352,000 | 37,936,000 |
| Net Tangible Assets | 306,676,000 | 307,295,000 | 279,821,000 | 207,316,000 |
| Total Assets | 1,423,265,000 | 1,413,826,000 | 1,270,820,000 | 1,205,734,000 |
| Accounts Payable | 4,572,000 | 4,365,000 | 4,274,000 | 4,685,000 |
| Liabilities (Other) | 0 | 0 | 0 | 0 |
| Current Liabilities (Other) | 23,701,000 | 24,686,000 | 25,082,000 | 24,078,000 |
| Total Current Liabilities | 28,273,000 | 29,051,000 | 29,356,000 | 28,763,000 |
| Current Long-term Debt | 0 | 0 | 0 | 0 |
| Long-term Debt | 625,997,000 | 615,161,000 | 499,324,000 | 507,336,000 |
| Total Liabilities | 654,270,000 | 644,212,000 | 528,680,000 | 536,099,000 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Common Stock | 54,215,000 | 52,301,000 | 49,697,000 | 47,778,000 |
| Retained Earnings | -25,364,000 | -25,364,000 | -25,364,000 | -25,364,000 |
| Treasury Stock | 0 | 0 | 0 | 0 |
| Capital Surplus | 0 | 0 | 0 | 0 |
| Shareholder Equity | 768,995,000 | 769,614,000 | 742,140,000 | 669,635,000 |
Income Statement | Quarterly
See Annual Income Statement | See Quarterly Income Statement
Amounts in USD ($)
| Income Statement | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 |
|---|---|---|---|---|
| Total Revenue | 49,223,000 | 45,868,000 | 45,978,000 | 48,030,000 |
| Cost of Revenue | 4,837,000 | 2,983,000 | 3,777,000 | 5,826,000 |
| Gross Profit | 44,386,000 | 42,885,000 | 42,201,000 | 42,204,000 |
| Research and Development | 0 | 0 | 0 | 0 |
| Selling General and Admin | 5,514,000 | 5,053,000 | 5,140,000 | 3,165,000 |
| Operating Expense | 41,394,000 | 37,945,000 | 37,500,000 | 38,528,000 |
| Operating Income | 7,829,000 | 7,923,000 | 8,478,000 | 9,502,000 |
| Income Expense Net (Other) | 721,000 | 780,000 | 1,242,000 | 1,267,000 |
| EBIT | 8,550,000 | 8,703,000 | 9,720,000 | 10,769,000 |
| Interest Income | 5,346,000 | 4,577,000 | 3,719,000 | 3,916,000 |
| Pretax Income | -6,688,000 | 3,275,000 | 17,010,000 | 4,197,000 |
| Income Tax | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 |
| Net Income | -22,478,000 | -4,325,000 | 9,410,000 | -3,403,000 |
| Net Income Basic | -22,478,000 | -4,325,000 | 9,410,000 | -3,403,000 |
Cash Flow | Quarterly
See Annual Cash Flow | See Quarterly Cash Flow
Amounts in USD ($)
| Cash Flow | 2022-06-30 | 2022-03-31 | 2021-12-31 | 2021-09-30 |
|---|---|---|---|---|
| Net Income | -22,478,000 | -4,325,000 | 9,410,000 | -3,403,000 |
| Depreciation | 11,984,000 | 11,717,000 | 11,552,000 | 11,380,000 |
| Changes in Receivables | 59,660,000 | 57,937,000 | 55,359,000 | 53,917,000 |
| Changes in Inventories | 45,992,000 | 34,288,000 | 23,659,000 | 20,331,000 |
| Cash Change | 322,739,000 | 349,436,000 | 229,923,000 | 185,246,000 |
| Cash Flow | -193,000 | 5,608,000 | 18,913,000 | 13,047,000 |
| Capital Expenditures | -5,210,000 | -3,523,000 | -10,317,000 | -8,160,000 |
| Investments | 0 | 0 | 0 | 0 |
| Investing Activity (Other) | 0 | 0 | 0 | 0 |
| Total Investing Cash Flows | -33,746,000 | 34,617,000 | -30,377,000 | -14,414,000 |
| Dividends Paid | 0 | 0 | 0 | 0 |
| Net Borrowings | 284,213,000 | 247,676,000 | 252,266,000 | 301,836,000 |
| Cash Flow Financing | 15,240,000 | 138,461,000 | 46,020,000 | -10,422,000 |
| Financing Cash Flows (Other) | 0 | 0 | 0 | 0 |
| Exchange Rate Effect | 0 | 0 | 0 | 0 |
REITRating™ Scorecard
| Rating | Dividend Section | Avg. Rating |
|---|---|---|
| 7 | Dividend Payment Growth: Analysis of how the REIT’s dividend payments have performed during the last three years. | 3.6 |
| 10 | Dividend Payment Consistency: Analysis of how many periods the REIT’s dividends have been paid consistently without a gap in payment. | 7.0 |
| 5 | Dividend to Normalized FFO Payout Ratio Health: Analysis of the REIT’s Dividend to Normalized FFO Payout Ratios during the last four quarters. | 8.7 |
| 7 | Dividend to Normalized FFO Payout Ratio Trend: Analysis of the REIT’s Dividend to Normalized FFO Payout Ratios trend during the last two years. | 7.4 |
| Rating | AFFO & Efficiency Section | Avg. Rating |
| 7 | Normalized FFO Trend: Analysis of the REIT’s Normalized FFO trend during the last two years. | 8.9 |
| 6 | Normalized FFO to Revenue Health: Analysis of the REIT's Adjusted Funds From Operation to its Revenues. | 6.9 |
| 6 | Operating Expense Efficiency: Analysis of the REIT's Operating Expenses to its Revenues. | 7.0 |
| 6 | Operating Expense Efficiency Trend: Analysis of the trend of the REIT's Operating Expenses to its Revenue. | 7.1 |
| Rating | Leverage Section | Avg. Rating |
| 8 | Interest Coverage Health: Analysis of the REIT’s Interest Coverage health during the last four quarter. | 6.7 |
| 7 | Interest Coverage Health Trend: Analysis of the REIT’s Interest Coverage health trend during the last two years. | 6.9 |
| 9 | Total Debt Interest Rate Competitiveness: Analysis of the REIT’s Interest Rate to Total Debt competitiveness compared to REIT market. | 7.6 |
| 8 | Total Debt Interest Rate Trend: Analysis of the REIT’s Interest Rate to Total Debt trend during the last two years. | 8.4 |
| 8 | Debt Leverage Health: Analysis of the REIT’s Total Debt to Total Assets. | 5.0 |
| 10 | Debt Leverage Health Trend: Analysis of the REIT’s Total Debt to Total Assets over the last two years. | 7.2 |
| Rating | Asset & Revenue Section | Avg. Rating |
| 7 | G&A Effeciency Level: Analysis of the REIT’s General and Administrative expenses in relationship to its Revenues. | 7.3 |
| 7 | G&A Effeciency Trend: Analysis of the Trend of the REIT’s General and Administrative expenses in relationship to its Revenues. | 8.0 |
| 7 | Revenues Growth: Analysis of how the REIT's Revenue has performed over the last two years. | 7.8 |
| 10 | Total Asset Growth: Analysis of how the REIT has grown its Total Assets over the last two years. | 7.1 |
| Rating | Properties Section | Avg. Rating |
| 7 | Occupancy Health Level: Analysis of the REIT’s occupancy health level during the last four quarters. | 7.7 |
| 8 | Occupancy Trend: Analysis of the REIT’s occupancy trend over the last two years. | 8.8 |
| 8 | Tenants: Analysis of the REIT's tenant diversification, operation type, and exposure to risk. | 8.0 |
| Rating | Market Cap Section | Avg. Rating |
| 5 | Market Cap Strength: Analysis of the REIT's Market Capitalization performance, preservation and resistance in comparison to market changes. | 5.0 |
| 7.4 | Overall REITRating™ Score (See trend) | 6.2 |
REITRating is REITNote's Real Estate Investment Trust industry-specific rating and ranking system. The REIT’s score for each analysis is out of ten points, with ten being the best score and zero being the worst. A score of zero can be assigned if the REIT does not meet the criteria for that specific analysis. N/A is assigned if insufficient data is available for a particular analysis. Our REITRating logic is continuously improving, so a REIT’s rating and ranking may change over time. Important Note: REITRating is not a predictor of a REIT’s future performance, it is an evaluation of its past results. Additionally, the REITRating system is for informational purposes only and does not represent financial or investment advice or a recommendation of which REITs to acquire. Learn more.
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Last updated: 2022-11-26 - v3.5