UMH Properties Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	231.61	226.71	207.02	189.75	170.43	159.03
Service and Other Revenue	34.76	35.04	33.53	31.18	25.34	27.09
Revenue	266.37	261.75	240.55	220.93	195.78	186.12
Revenue Growth (YoY)	9.12%	8.81%	8.88%	12.85%	5.19%	13.76%
Property Expenses	98.26	95.98	87.35	81.34	75.66	68.05
Service and Other Expenses	22.3	22.57	21.89	21.09	17.56	20.09
Total Property Expenses	120.56	118.55	109.25	102.43	93.22	88.14
Gross Profit	145.81	143.21	131.3	118.49	102.55	97.99
Selling, General & Admin	28.18	28.84	28.61	26.65	24.26	18.9
Depreciation & Amortization Expenses	67.87	66.56	60.24	55.72	48.77	45.12
Operating Income	49.75	47.81	42.46	36.12	29.52	33.96
Net Gains on Disposal of Properties	-0.07	-0.06	-0.11	0	-0.17	-0.17
Interest Income	10.06	10.22	8.57	7.3	6.99	8.46
Interest Expense	-32.84	-29.68	-27.29	-32.48	-26.44	-19.16
Other Non-Operating Income (Expense)	2.26	-2.01	-2.19	-3.1	-14.88	28
Total Non-Operating Income (Expense)	-20.6	-21.54	-21.02	-28.27	-34.5	17.13
Pretax Income	29.15	26.28	21.44	7.85	-4.97	51.09
Net Income	8.82	5.97	2.47	-8.71	-36.27	21.25
Minority Interest in Earnings	-0.24	-0.22	-0.19	-0.16	-0.12	0
Net Income Attributable to Preferred Dividends	20.58	20.53	19.16	16.72	31.41	29.84
Net Income to Common	8.82	5.97	2.47	-8.71	-36.27	21.25
Net Income Growth	4.16%	141.34%	-	-	-	-
Shares Outstanding (Basic)	85	84	74	63	54	46
Shares Outstanding (Diluted)	85	85	75	64	55	47
Shares Change (YoY)	8.95%	13.06%	17.64%	15.10%	16.64%	14.58%
EPS (Basic)	0.10	0.07	0.03	-0.15	-0.67	0.46
EPS (Diluted)	0.10	0.07	0.03	-0.15	-0.67	0.45
EPS Growth	-16.67%	133.33%	-	-	-	-
Shares Outstanding	85.14	84.85	81.91	67.98	57.6	51.65
Free Cash Flow	-28.07	-32.4	-10.5	-3.78	-88.34	5.92
Free Cash Flow Per Share	-0.33	-0.38	-0.14	-0.06	-1.60	0.12
Dividends Per Share	0.900	0.890	0.850	0.820	0.800	0.760
Dividend Growth	1.12%	4.71%	3.66%	2.50%	5.26%	5.56%
Gross Margin	54.74%	54.71%	54.58%	53.63%	52.38%	52.65%
Operating Margin	18.68%	18.27%	17.65%	16.35%	15.08%	18.25%
Profit Margin	10.95%	10.04%	8.91%	3.55%	-2.54%	27.45%
FCF Margin	-10.54%	-12.38%	-4.36%	-1.71%	-45.12%	3.18%
EBITDA	117.62	114.37	102.7	91.84	78.29	79.08
EBITDA Margin	44.16%	43.69%	42.69%	41.57%	39.99%	42.49%
EBIT	49.75	47.81	42.46	36.12	29.52	33.96
EBIT Margin	18.68%	18.27%	17.65%	16.35%	15.08%	18.25%

Updated Apr 30, 2026. Data Source: Fiscal.ai. Real Estate template. Financial Sources.

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