UMH Properties, Inc. (TLV: UMH)

UMH Properties Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Rental Revenue	203.01	189.75	170.43	159.03	143.34	128.61
Other Revenue	32.2	30.37	24.67	27.07	20.27	17.98
Total Revenue	235.2	220.12	195.11	186.1	163.61	146.59
Revenue Growth (YoY	11.08%	12.82%	4.84%	13.75%	11.61%	13.12%
Property Expenses	107.24	102.43	93.22	88.14	77.59	74.65
Selling, General & Administrative	25.54	25.32	20.78	16.91	16	15.13
Depreciation & Amortization	58.88	55.72	48.77	45.12	41.71	36.81
Total Operating Expenses	191.67	183.47	162.77	150.17	135.3	126.58
Operating Income	43.53	36.64	32.33	35.93	28.31	20.01
Interest Expense	-29.18	-32.48	-26.44	-19.16	-18.29	-17.81
Interest & Investment Income	7.86	7.3	6.99	8.46	8.65	10.15
Other Non-Operating Income	0.75	1.08	1.24	0.63	0.72	0.59
EBT Excluding Unusual Items	22.96	12.55	14.12	25.86	19.39	12.95
Gain (Loss) on Sale of Investments	6.57	-3.37	-15.45	27.39	-14.12	14.92
Gain (Loss) on Sale of Assets	-0.1	-	-0.17	-0.17	-0.22	-0.11
Other Unusual Items	-1.71	-1.33	-3.48	-2	-	-
Pretax Income	27.72	7.85	-4.97	51.09	5.06	27.75
Earnings From Continuing Operations	27.72	7.85	-4.97	51.09	5.06	27.75
Minority Interest in Earnings	0.2	0.16	0.12	-	-	-
Net Income	27.92	8.01	-4.85	51.09	5.06	27.75
Preferred Dividends & Other Adjustments	18.64	16.72	31.41	29.84	34.81	25.18
Net Income to Common	9.28	-8.71	-36.27	21.25	-29.76	2.57
Net Income Growth	6530.88%	-	-	910.64%	-81.78%	-
Basic Shares Outstanding	71	63	54	46	41	40
Diluted Shares Outstanding	71	63	54	47	41	40
Shares Change (YoY)	17.27%	15.96%	14.67%	14.58%	2.96%	9.04%
EPS (Basic)	0.13	-0.14	-0.67	0.46	-0.72	0.06
EPS (Diluted)	0.12	-0.15	-0.67	0.45	-0.72	0.06
Dividend Per Share	0.840	0.820	0.800	0.760	0.720	0.720
Dividend Growth	3.07%	2.50%	5.26%	5.56%	0%	0%
Operating Margin	18.51%	16.65%	16.57%	19.31%	17.31%	13.65%
Profit Margin	3.94%	-3.96%	-18.59%	11.42%	-18.19%	1.75%
Free Cash Flow Margin	35.41%	54.55%	-3.70%	35.03%	40.85%	26.27%
EBITDA	102.42	92.36	81.1	81.06	70.02	56.82
EBITDA Margin	43.54%	41.96%	41.57%	43.55%	42.80%	38.76%
D&A For Ebitda	58.88	55.72	48.77	45.12	41.71	36.81
EBIT	43.53	36.64	32.33	35.93	28.31	20.01
EBIT Margin	18.51%	16.65%	16.57%	19.31%	17.31%	13.65%
Funds From Operations (FFO)	62.49	51.07	28.49	39.15	26.28	24.57
FFO Per Share	-	0.80	0.51	-	-	-
Adjusted Funds From Operations (AFFO)	-	51.07	28.49	39.15	26.28	24.57
AFFO Per Share	-	0.80	0.52	-	-	-
FFO Payout Ratio	89.48%	96.09%	142.61%	80.50%	101.42%	85.95%
Revenue as Reported	235.66	220.93	195.78	186.12	163.61	146.59

Source: S&P Capital IQ. Real Estate template. Financial Sources.