ES
MARKETS / NYSE / UMH
NYSE · REAL ESTATE INVESTMENT TRUSTS · LARGE CAP

UMH Properties, Inc. UMH

17 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY5 YEARS OF DIVIDEND GROWTH
Revenue · FY2025
$35.0M
▲ 4.5% vs FY2024
Dividend streak
5 yrs
Raised every year since 2021
EPS · FY25
$0.07
Dividend / sh · FY25
$0.89
Payout · FY25
271%
ROE · FY25
2.9%
Net margin · FY25
75.0%
Dividend coverage
0.1×
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Result
USD 35.0M
Revenue, FY2025 · full 17-year series below
Revenue Net income
0.010.020.030.040.00.02009201220152018202120242025
0.010.020.030.040.00.02016201920222025

75 cents of every revenue dollar became profit this year.

Per share
USD 0.07
Diluted EPS, FY2025
EPS Dividend
0.40.81.20.890.072009201220152018202120242025
0.40.81.20.890.072016201920222025

Earnings covered only a fraction of the dividend — the rest came from cash or borrowing.

Profitability
2.9%
Return on equity, FY2025
ROE
48122.9%2009201220152018202120242025
48122.9%2016201920222025
Operating margin—
Net margin75.0%
Return on assets1.6%

Each USD of equity produced 3 cents of profit this year.

Returned to shareholders
USD 71.2M
returned in FY2025 · dividends + net buybacks
Dividends paidUSD 71.2M
Net buybacksUSD -997,000.00
Share of profit271.1%
Consecutive raises5 years

USD 71.2M in dividends — 271% of the year's profit, so the payout drew on cash built up earlier.

Growth
+11.6% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+11.4%
+11.6%
Net income
+39.0%
+28.5%
+9.6%
EPS, diluted
−12.5%
Dividend / share
+3.6%
+4.3%
+2.1%
+1.4%
Returned to shareholders
+20.6%
+21.7%
+15.6%
+15.8%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.08B
Shares outstanding, FY2025
0.010.082009201220152018202120242025
0.030.082016201920222025
Change, 5 years+102.4%
Change, 10 years+213.3%

The share count grew 102% in five years — the same company, cut into more, smaller slices.

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Balance sheet
USD 1.7B
total assets, end of FY2025
Total assetsUSD 1.7B
EquityUSD 905.5M
CashUSD 72.1M
Gross debtUSD 562.1M
Net debtUSD 490.0M

Net debt stands at 54% of equity.

History
17 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
Revenue $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
·
·
·
·
·
·
·
Operating income $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
EBITDA $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Income tax $B
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Net income $B
0.0
0.0
0.0
−0.0
0.1
0.0
0.0
−0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
EPS, diluted $
0.07
0.03
−0.15
−0.67
0.45
−0.72
0.69
−0.98
0.39
−0.10
−0.24
−0.15
−0.09
0.11
0.14
0.52
0.32
Dividend / sh $
0.89
0.85
0.82
0.80
0.76
0.72
0.72
0.72
0.72
0.72
0.72
0.72
0.72
0.72
0.72
0.72
·
Payout %
271
276
625
−817
62
527
76
−59
164
153
781
340
200
160
240
118
191
ROE %
2.9
2.6
1.3
−0.8
8.2
1.0
5.7
−8.6
3.4
4.1
0.9
2.1
3.2
4.6
4.2
10.4
6.6
Shares out B
0.08
0.08
0.07
0.06
0.05
0.04
0.04
0.04
0.04
0.03
0.03
0.02
0.02
0.02
0.02
0.01
·

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
33 of 33
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed