UMH Properties Inc (N:UMH)
Business Focus: N/A
| Sector: N/A | Industry: N/A |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | Juniper Business Plaza 3499 Route 9 N, Suite 3-C FREEHOLD NJ 07728 |
| Tel: | N/A |
| Website: | https://www.umh.com |
| IR: | See website |
| Key People | ||
| Eugene W. Landy Chairman of the Board, Founder | Samuel A. Landy President, Chief Executive Officer, Director | Anna T. Chew Chief Financial Officer, Chief Accounting Officer, Vice President, Treasurer, Director |
| Brett Taft Chief Operating Officer, Executive Vice President | Craig Robert Koster Executive Vice President, General Counsel, Secretary | |
| Business Overview |
| UMH Properties, Inc. is a real estate investment trust (REIT). The Company's primary business is the ownership and operation of manufactured home communities, leasing manufactured homesites to residents. The Company also leases manufactured homes to residents and, through its wholly owned taxable REIT subsidiary, UMH Sales and Finance, Inc. (S&F), sells and finances the sale of manufactured homes to residents and prospective residents of its communities and for placement on customers' privately owned land. The Company owns and operates 135 manufactured home communities, including two communities acquired through the Company's opportunity zone fund, containing approximately 25,800 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, Maryland, Alabama, South Carolina and Georgia. In connection with the operation of its communities, the Company also leases homes to prospective tenants. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, UMH Properties Inc revenues increased 13% to $220.9M. Net loss applicable to common stockholders decreased 76% to $8.7M. Revenues reflect NAREIT FFO - Per Share - Diluted - Total increase of 57% to $0.8, Fixed Charge Coverage Ratio, Total increase of 12% to 1.9, Rent/Related Income increase of 11% to $189.7M, Sales of Manufactured Homes increase of 23% to $31.2M. Lower net loss reflects Net Operating Income (NOI). |
| Employees: | 480 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,975M as of Dec 31, 2023 |
| Annual revenue (TTM): | $220.93M as of Dec 31, 2023 |
| EBITDA (TTM): | $93.17M as of Dec 31, 2023 |
| Net annual income (TTM): | -$8.71M as of Dec 31, 2023 |
| Free cash flow (TTM): | -$107.51M as of Dec 31, 2023 |
| Net Debt Last Fiscal Year: | $632.70M as of Dec 31, 2023 |
| Shares outstanding: | 69,357,605 as of Mar 11, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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