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UMH PROPERTIES INC (UMH) Stock Fundamental Analysis

NYSE:UMH - US9030021037 - REIT

15.16 USD
-0.53 (-3.38%)
Last: 9/2/2025, 8:04:00 PM
15.39 USD
+0.23 (+1.52%)
After Hours: 9/2/2025, 8:04:00 PM
Fundamental Rating

5

We assign a fundamental rating of 5 out of 10 to UMH. UMH was compared to 20 industry peers in the Residential REITs industry. Both the profitability and the financial health of UMH get a neutral evaluation. Nothing too spectacular is happening here. UMH is valied quite expensively at the moment, while it does show a decent growth rate.


Dividend Valuation Growth Profitability Health

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4

1. Profitability

1.1 Basic Checks

UMH had positive earnings in the past year.
In the past year UMH had a positive cash flow from operations.
In multiple years UMH reported negative net income over the last 5 years.
Of the past 5 years UMH 4 years had a positive operating cash flow.
UMH Yearly Net Income VS EBIT VS OCF VS FCFUMH Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M 100M -100M

1.2 Ratios

UMH's Return On Assets of 0.64% is in line compared to the rest of the industry. UMH outperforms 50.00% of its industry peers.
With a Return On Equity value of 1.12%, UMH perfoms like the industry average, outperforming 50.00% of the companies in the same industry.
UMH has a Return On Invested Capital of 2.23%. This is comparable to the rest of the industry: UMH outperforms 45.00% of its industry peers.
The Average Return On Invested Capital over the past 3 years for UMH is in line with the industry average of 2.59%.
The 3 year average ROIC (2.11%) for UMH is below the current ROIC(2.23%), indicating increased profibility in the last year.
Industry RankSector Rank
ROA 0.64%
ROE 1.12%
ROIC 2.23%
ROA(3y)-1.05%
ROA(5y)-0.84%
ROE(3y)-2.53%
ROE(5y)-2.13%
ROIC(3y)2.11%
ROIC(5y)2.12%
UMH Yearly ROA, ROE, ROICUMH Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 -5 -10

1.3 Margins

UMH's Profit Margin of 4.18% is in line compared to the rest of the industry. UMH outperforms 45.00% of its industry peers.
UMH's Profit Margin has declined in the last couple of years.
With a Operating Margin value of 17.94%, UMH perfoms like the industry average, outperforming 45.00% of the companies in the same industry.
In the last couple of years the Operating Margin of UMH has grown nicely.
Looking at the Gross Margin, with a value of 54.84%, UMH is doing worse than 75.00% of the companies in the same industry.
In the last couple of years the Gross Margin of UMH has grown nicely.
Industry RankSector Rank
OM 17.94%
PM (TTM) 4.18%
GM 54.84%
OM growth 3Y-0.39%
OM growth 5Y5.7%
PM growth 3Y-55.15%
PM growth 5Y-10.34%
GM growth 3Y1.2%
GM growth 5Y2.16%
UMH Yearly Profit, Operating, Gross MarginsUMH Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 20 -20 40 -40

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5

2. Health

2.1 Basic Checks

The Return on Invested Capital (ROIC) is below the Cost of Capital (WACC), so UMH is destroying value.
UMH has more shares outstanding than it did 1 year ago.
Compared to 5 years ago, UMH has more shares outstanding
Compared to 1 year ago, UMH has an improved debt to assets ratio.
UMH Yearly Shares OutstandingUMH Yearly Shares OutstandingYearly Shares Outstanding 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 20M 40M 60M 80M
UMH Yearly Total Debt VS Total AssetsUMH Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 500M 1B 1.5B

2.2 Solvency

Based on the Altman-Z score of 1.45, we must say that UMH is in the distress zone and has some risk of bankruptcy.
UMH's Altman-Z score of 1.45 is fine compared to the rest of the industry. UMH outperforms 65.00% of its industry peers.
A Debt/Equity ratio of 0.71 indicates that UMH is somewhat dependend on debt financing.
UMH has a better Debt to Equity ratio (0.71) than 85.00% of its industry peers.
Industry RankSector Rank
Debt/Equity 0.71
Debt/FCF N/A
Altman-Z 1.45
ROIC/WACC0.31
WACC7.14%
UMH Yearly LT Debt VS Equity VS FCFUMH Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 200M 400M 600M 800M

2.3 Liquidity

UMH has a Current Ratio of 3.96. This indicates that UMH is financially healthy and has no problem in meeting its short term obligations.
With an excellent Current ratio value of 3.96, UMH belongs to the best of the industry, outperforming 95.00% of the companies in the same industry.
A Quick Ratio of 2.72 indicates that UMH has no problem at all paying its short term obligations.
Looking at the Quick ratio, with a value of 2.72, UMH belongs to the top of the industry, outperforming 95.00% of the companies in the same industry.
Industry RankSector Rank
Current Ratio 3.96
Quick Ratio 2.72
UMH Yearly Current Assets VS Current LiabilitesUMH Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 50M 100M 150M

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6

3. Growth

3.1 Past

The Earnings Per Share has grown by an impressive 300.50% over the past year.
Measured over the past years, UMH shows a very negative growth in Earnings Per Share. The EPS has been decreasing by -12.74% on average per year.
The Revenue has grown by 8.39% in the past year. This is quite good.
Measured over the past years, UMH shows a quite strong growth in Revenue. The Revenue has been growing by 10.41% on average per year.
EPS 1Y (TTM)300.5%
EPS 3Y-58.99%
EPS 5Y-12.74%
EPS Q2Q%200%
Revenue 1Y (TTM)8.39%
Revenue growth 3Y8.93%
Revenue growth 5Y10.41%
Sales Q2Q%10.47%

3.2 Future

Based on estimates for the next years, UMH will show a very strong growth in Earnings Per Share. The EPS will grow by 115.33% on average per year.
The Revenue is expected to grow by 2.03% on average over the next years.
EPS Next Y365.9%
EPS Next 2Y175.25%
EPS Next 3Y115.33%
EPS Next 5YN/A
Revenue Next Year5.08%
Revenue Next 2Y5.48%
Revenue Next 3Y2.03%
Revenue Next 5YN/A

3.3 Evolution

The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is decreasing.
UMH Yearly Revenue VS EstimatesUMH Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 50M 100M 150M 200M 250M
UMH Yearly EPS VS EstimatesUMH Yearly EPS VS EstimatesYearly EPS VS Estimates 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 0 -0.5 -1

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3

4. Valuation

4.1 Price/Earnings Ratio

With a Price/Earnings ratio of 108.29, UMH can be considered very expensive at the moment.
The rest of the industry has a similar Price/Earnings ratio as UMH.
UMH is valuated expensively when we compare the Price/Earnings ratio to 26.90, which is the current average of the S&P500 Index.
The Price/Forward Earnings ratio is 65.93, which means the current valuation is very expensive for UMH.
Compared to the rest of the industry, the Price/Forward Earnings ratio of UMH is on the same level as its industry peers.
Compared to an average S&P500 Price/Forward Earnings ratio of 22.52, UMH is valued quite expensively.
Industry RankSector Rank
PE 108.29
Fwd PE 65.93
UMH Price Earnings VS Forward Price EarningsUMH Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 20 40 60 80 100

4.2 Price Multiples

Based on the Enterprise Value to EBITDA ratio, UMH is valued a bit cheaper than 80.00% of the companies in the same industry.
Industry RankSector Rank
P/FCF N/A
EV/EBITDA 17.74
UMH Per share dataUMH EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 2 4 6 8 10

4.3 Compensation for Growth

The low PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates a rather cheap valuation of the company.
UMH's earnings are expected to grow with 115.33% in the coming years. This may justify a more expensive valuation.
PEG (NY)0.3
PEG (5Y)N/A
EPS Next 2Y175.25%
EPS Next 3Y115.33%

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5

5. Dividend

5.1 Amount

UMH has a Yearly Dividend Yield of 5.75%, which is a nice return.
UMH's Dividend Yield is a higher than the industry average which is at 4.68.
UMH's Dividend Yield is rather good when compared to the S&P500 average which is at 2.32.
Industry RankSector Rank
Dividend Yield 5.75%

5.2 History

The dividend of UMH decreases each year by -2.41%.
UMH has been paying a dividend for at least 10 years, so it has a reliable track record.
The dividend of UMH decreased recently.
Dividend Growth(5Y)-2.41%
Div Incr Years1
Div Non Decr Years1
UMH Yearly Dividends per shareUMH Yearly Dividends per shareYearly Dividends per share 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 0.2 0.4 0.6 0.8

5.3 Sustainability

823.85% of the earnings are spent on dividend by UMH. This is not a sustainable payout ratio.
DP823.85%
EPS Next 2Y175.25%
EPS Next 3Y115.33%
UMH Yearly Income VS Free CF VS DividendUMH Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 0 50M -50M -100M
UMH Dividend Payout.UMH Dividend Payout, showing the Payout Ratio.UMH Dividend Payout.PayoutRetained Earnings

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UMH PROPERTIES INC

NYSE:UMH (9/2/2025, 8:04:00 PM)

After market: 15.39 +0.23 (+1.52%)

15.16

-0.53 (-3.38%)

Chartmill FA Rating
GICS SectorReal Estate
GICS IndustryGroupEquity Real Estate Investment Trusts (REITs)
GICS IndustryResidential REITs
Earnings (Last)08-06 2025-08-06/amc
Earnings (Next)11-04 2025-11-04/amc
Inst Owners81.4%
Inst Owner Change4.78%
Ins Owners5.7%
Ins Owner Change-1.79%
Market Cap1.29B
Analysts78.46
Price Target20.46 (34.96%)
Short Float %2.75%
Short Ratio4.29
Dividend
Industry RankSector Rank
Dividend Yield 5.75%
Yearly Dividend1.04
Dividend Growth(5Y)-2.41%
DP823.85%
Div Incr Years1
Div Non Decr Years1
Ex-Date08-15 2025-08-15 (0.225)
Surprises & Revisions
EPS beat(2)0
Avg EPS beat(2)-59.5%
Min EPS beat(2)-100%
Max EPS beat(2)-19%
EPS beat(4)1
Avg EPS beat(4)37.2%
Min EPS beat(4)-100%
Max EPS beat(4)366.83%
EPS beat(8)3
Avg EPS beat(8)417.84%
EPS beat(12)4
Avg EPS beat(12)221.36%
EPS beat(16)5
Avg EPS beat(16)158.36%
Revenue beat(2)1
Avg Revenue beat(2)-1.36%
Min Revenue beat(2)-2.75%
Max Revenue beat(2)0.02%
Revenue beat(4)1
Avg Revenue beat(4)-1.46%
Min Revenue beat(4)-2.89%
Max Revenue beat(4)0.02%
Revenue beat(8)3
Avg Revenue beat(8)-0.65%
Revenue beat(12)5
Avg Revenue beat(12)-0.59%
Revenue beat(16)7
Avg Revenue beat(16)1.1%
PT rev (1m)-3.6%
PT rev (3m)-6.14%
EPS NQ rev (1m)8.63%
EPS NQ rev (3m)-9.48%
EPS NY rev (1m)0%
EPS NY rev (3m)-28.81%
Revenue NQ rev (1m)0.58%
Revenue NQ rev (3m)3.1%
Revenue NY rev (1m)-0.69%
Revenue NY rev (3m)-3.7%
Valuation
Industry RankSector Rank
PE 108.29
Fwd PE 65.93
P/S 5.14
P/FCF N/A
P/OCF 15.86
P/B 1.38
P/tB 1.38
EV/EBITDA 17.74
EPS(TTM)0.14
EY0.92%
EPS(NY)0.23
Fwd EY1.52%
FCF(TTM)-0.89
FCFYN/A
OCF(TTM)0.96
OCFY6.31%
SpS2.95
BVpS10.97
TBVpS10.97
PEG (NY)0.3
PEG (5Y)N/A
Profitability
Industry RankSector Rank
ROA 0.64%
ROE 1.12%
ROCE 2.82%
ROIC 2.23%
ROICexc 2.35%
ROICexgc 2.45%
OM 17.94%
PM (TTM) 4.18%
GM 54.84%
FCFM N/A
ROA(3y)-1.05%
ROA(5y)-0.84%
ROE(3y)-2.53%
ROE(5y)-2.13%
ROIC(3y)2.11%
ROIC(5y)2.12%
ROICexc(3y)2.21%
ROICexc(5y)2.23%
ROICexgc(3y)2.26%
ROICexgc(5y)2.28%
ROCE(3y)2.67%
ROCE(5y)2.68%
ROICexcg growth 3Y0.28%
ROICexcg growth 5Y8.69%
ROICexc growth 3Y0.15%
ROICexc growth 5Y8.44%
OM growth 3Y-0.39%
OM growth 5Y5.7%
PM growth 3Y-55.15%
PM growth 5Y-10.34%
GM growth 3Y1.2%
GM growth 5Y2.16%
F-Score7
Asset Turnover0.15
Health
Industry RankSector Rank
Debt/Equity 0.71
Debt/FCF N/A
Debt/EBITDA 6.11
Cap/Depr 249.88%
Cap/Sales 62.76%
Interest Coverage 1.55
Cash Conversion 75.29%
Profit Quality N/A
Current Ratio 3.96
Quick Ratio 2.72
Altman-Z 1.45
F-Score7
WACC7.14%
ROIC/WACC0.31
Cap/Depr(3y)248.65%
Cap/Depr(5y)235.57%
Cap/Sales(3y)62.34%
Cap/Sales(5y)58.95%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)300.5%
EPS 3Y-58.99%
EPS 5Y-12.74%
EPS Q2Q%200%
EPS Next Y365.9%
EPS Next 2Y175.25%
EPS Next 3Y115.33%
EPS Next 5YN/A
Revenue 1Y (TTM)8.39%
Revenue growth 3Y8.93%
Revenue growth 5Y10.41%
Sales Q2Q%10.47%
Revenue Next Year5.08%
Revenue Next 2Y5.48%
Revenue Next 3Y2.03%
Revenue Next 5YN/A
EBIT growth 1Y9.97%
EBIT growth 3Y8.5%
EBIT growth 5Y16.71%
EBIT Next Year184.69%
EBIT Next 3YN/A
EBIT Next 5YN/A
FCF growth 1Y36.2%
FCF growth 3YN/A
FCF growth 5YN/A
OCF growth 1Y108.02%
OCF growth 3Y7.79%
OCF growth 5Y16.2%