UMH Properties (UMH) Financial Statements & Analysis

UMH Properties (UMH) Income Statement

UMH Properties reported revenue of $261.75M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 8.8% from $240.55M a year earlier. Net income was $26.50M, up 22.5% year over year, a net margin of 10.1%. Gross margin was 3.9% and operating margin 17.4%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $71.64M, up 7.5% from the same quarter a year earlier.

UMH Properties Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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UMH Properties, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	261.75	240.55	220.93	195.78	186.12	163.61	146.59	129.59	112.65
Cost of Revenue	251.66	109.25	102.43	93.22	88.14	77.59	74.65	64.66	56.32
Gross Profit	10.10	131.30	118.49	102.55	97.99	86.02	71.95	64.92	56.33
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Selling, General & Administrative	28.84	28.61	26.65	24.26	18.90	16.00	15.13	14.65	12.74
Operating Expenses	-35.46	88.84	82.37	73.03	64.03	57.70	51.94	46.35	40.30
Operating Income	45.55	42.46	36.12	29.52	33.96	28.31	20.01	-20.18	28.55
Other Income/Expense
Interest Income	8.74	7.12	7.30	6.99	8.46	2.92	2.62	2.25	2.01
Interest Expense	29.68	27.29	32.48	26.44	19.16	18.29	17.81	16.04	15.88
Other Income/Expense	-19.28	-0.85	-28.27	-34.50	17.13	-23.26	7.74	-54.79	-3.36
Income
Income Before Tax	26.28	21.44	7.85	-4.97	51.09	5.06	27.75	-36.22	12.67
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	16.04	15.88
Net Income	26.50	21.64	-8.71	-36.27	21.25	5.06	27.75	-36.22	12.67
Net Income - Continuous Operations	26.50	21.44	8.01	-4.97	51.09	5.06	27.75	-36.22	12.67
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	122.51	108.97	92.36	81.10	81.06	70.02	82.37	50.27	43.59
EBIT	48.51	48.73	36.64	32.33	35.93	28.31	-	-	-
Depreciation & Amortization	66.56	60.24	55.72	48.77	45.12	41.71	36.81	163.24	97.17
Earnings Per Share
Basic EPS	-	-	-	-1.00	-	-1.00	-	-1.00	-
Diluted EPS	-	-	-	-1.00	-	-1.00	-	-1.00	-
Basic Shares Outstanding	85.02	74.11	63.07	54.39	46.33	41.40	39.91	36.87	32.68
Diluted Shares Outstanding	85.45	74.91	63.68	54.39	47.43	41.40	40.20	36.87	32.68

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About UMH Properties Financial Statements

What was UMH Properties's revenue in fiscal 2025?

UMH Properties reported revenue of $261.75M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 8.8% from $240.55M a year earlier.

Is UMH Properties profitable?

Yes. UMH Properties earned net income of $26.50M in fiscal 2025, a net margin of 10.1%. In fiscal 2024 it earned $21.64M.

What is UMH Properties's operating margin?

UMH Properties's operating income was $45.55M on revenue of $261.75M in fiscal 2025, an operating margin of 17.4%, compared with 17.7% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition