UMH Properties Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Property Revenue	226.71	207.02	189.75	170.43	159.03
Service and Other Revenue	35.04	33.53	31.18	25.34	27.09
Revenue	261.75	240.55	220.93	195.78	186.12
Revenue Growth (YoY)	8.81%	8.88%	12.85%	5.19%	13.76%
Property Expenses	95.98	87.35	81.34	75.66	68.05
Service and Other Expenses	22.57	21.89	21.09	17.56	20.09
Total Property Expenses	118.55	109.25	102.43	93.22	88.14
Gross Profit	143.21	131.3	118.49	102.55	97.99
Selling, General & Admin	28.84	28.61	26.65	24.26	18.9
Depreciation & Amortization Expenses	66.56	60.24	55.72	48.77	45.12
Operating Income	47.81	42.46	36.12	29.52	33.96
Net Gains on Disposal of Properties	-0.06	-0.11	0	-0.17	-0.17
Interest Income	10.22	8.57	7.3	6.99	8.46
Interest Expense	-29.68	-27.29	-32.48	-26.44	-19.16
Other Non-Operating Income (Expense)	-2.01	-2.19	-3.1	-14.88	28
Total Non-Operating Income (Expense)	-21.54	-21.02	-28.27	-34.5	17.13
Pretax Income	26.28	21.44	7.85	-4.97	51.09
Net Income	5.97	2.47	-8.71	-36.27	21.25
Minority Interest in Earnings	-0.22	-0.19	-0.16	-0.12	0
Net Income Attributable to Preferred Dividends	20.53	19.16	16.72	31.41	29.84
Net Income to Common	5.97	2.47	-8.71	-36.27	21.25
Net Income Growth	141.34%	-	-	-	-
Shares Outstanding (Basic)	84	74	63	54	46
Shares Outstanding (Diluted)	85	75	64	55	47
Shares Change (YoY)	13.06%	17.64%	15.10%	16.64%	14.58%
EPS (Basic)	0.07	0.03	-0.15	-0.67	0.46
EPS (Diluted)	0.07	0.03	-0.15	-0.67	0.45
EPS Growth	133.33%	-	-	-	-
Free Cash Flow	-32.4	-10.5	-3.78	-88.34	5.92
Free Cash Flow Per Share	-0.38	-0.14	-0.06	-1.60	0.12
Dividends Per Share	0.890	0.850	0.820	0.800	0.760
Dividend Growth	4.71%	3.66%	2.50%	5.26%	5.56%
Gross Margin	54.71%	54.58%	53.63%	52.38%	52.65%
Operating Margin	18.27%	17.65%	16.35%	15.08%	18.25%
Profit Margin	10.04%	8.91%	3.55%	-2.54%	27.45%
FCF Margin	-12.38%	-4.36%	-1.71%	-45.12%	3.18%
EBITDA	114.37	102.7	91.84	78.29	79.08
EBITDA Margin	43.69%	42.69%	41.57%	39.99%	42.49%
EBIT	47.81	42.46	36.12	29.52	33.96
EBIT Margin	18.27%	17.65%	16.35%	15.08%	18.25%

Updated Dec 31, 2025. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q