UMH Properties Inc (UMH) financial statements: income statement, balance sheet and cash flow
UMH Properties Inc's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), UMH Properties Inc reported revenue of $35.0M (+4.5% year on year) and net income of $26.3M (+22.5% year on year).
Income statement
UMH Properties Inc income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Rental and Leasing Revenue
$226.7M
$207.0M
$189.7M
$170.4M
Revenue
$35.0M
$33.5M
$31.2M
$25.3M
Total Income
$261.8M
$240.6M
$220.9M
$195.8M
Other Expense
$96.0M
$87.4M
$81.3M
$75.7M
Cost of Sales of Manufactured Homes
$22.6M
$21.9M
$21.1M
$17.6M
Selling, General and Administrative Expense
$7.3M
$6.8M
$6.9M
$5.3M
Selling, General and Administrative Expense
$21.5M
$21.8M
$19.7M
$19.0M
Depreciation Expense
$66.6M
$60.2M
$55.7M
$48.8M
Total Expenses
$213.9M
$198.1M
$184.8M
$166.3M
Interest Income
$8.7M
$7.1M
$5.0M
$4.1M
Interest Income
$1.5M
$1.5M
$2.3M
$2.9M
Non-Operating Income (Expense)
($221.0K)
($3.8M)
$183.0K
$6.4M
Increase (Decrease) in Fair Value of Marketable Securities
($2.3M)
$1.2M
($3.6M)
($21.8M)
Non-Operating Income (Expense)
$912.0K
$794.0K
$1.1M
$1.2M
Loss on Investment in Joint Ventures
($439.0K)
($376.0K)
($808.0K)
($671.0K)
Interest Expense
($29.7M)
($27.3M)
($32.5M)
($26.4M)
Total Other Income (Expense)
($21.5M)
($20.9M)
($28.3M)
($34.3M)
Income Before Loss on Sales of Investment Property and Equipment
$26.3M
$21.6M
$7.9M
($4.8M)
Non-Operating Income (Expense)
($64.0K)
($113.0K)
$0
($169.0K)
Net Income
$26.3M
$21.4M
$7.9M
($5.0M)
Preferred Dividends
($20.5M)
($19.2M)
($16.7M)
($23.2M)
Loss Attributable to Non-Controlling Interest
$224.0K
$194.0K
$158.0K
$118.0K
Net Income (Loss) Attributable to Common Shareholders
$6.0M
$2.5M
($8.7M)
($36.3M)
Earnings Per Share (Basic)
$0.07
$0.03
-$0.15
-$0.67
Earnings Per Share (Diluted)
$0.07
$0.03
-$0.15
-$0.67
Weighted Average Shares Outstanding
84.1M
74.1M
63.1M
54.4M
Weighted Average Shares Outstanding, Diluted
84.7M
74.9M
63.1M
54.4M
UMH Properties Inc income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Rental and Leasing Revenue
$61.1M
$59.5M
$57.8M
$56.2M
Revenue
$10.6M
$6.4M
$9.1M
$10.5M
Total Income
$71.6M
$65.8M
$66.9M
$66.6M
Other Expense
$25.3M
$25.3M
$25.0M
$23.0M
Cost of Sales of Manufactured Homes
$6.8M
$4.1M
$5.8M
$7.1M
Selling, General and Administrative Expense
$2.3M
$1.9M
$2.2M
$1.8M
Selling, General and Administrative Expense
$5.5M
$5.1M
$4.3M
$6.3M
Depreciation Expense
$18.3M
$18.0M
$16.8M
$15.7M
Total Expenses
$58.2M
$54.3M
$54.1M
$54.0M
Interest Income
$2.0M
$2.2M
$2.4M
$2.1M
Interest Income
$301.0K
$302.0K
$373.0K
$375.0K
Non-Operating Income (Expense)
$0
($36.4M)
$0
$0
Increase (Decrease) in Fair Value of Marketable Securities
$3.2M
$39.1M
$1.6M
($175.0K)
Non-Operating Income (Expense)
$236.0K
$195.0K
$265.0K
$252.0K
Loss on Investment in Joint Ventures
($24.0K)
($64.0K)
($96.0K)
($133.0K)
Interest Expense, including Amortization of Financing Costs
($9.7M)
—
—
—
Total Other Income (Expense)
($4.0M)
($3.8M)
($3.5M)
($5.0M)
Income before Gain (Loss) on Sales of Investment Property and Equipment
$9.5M
$7.7M
$9.4M
$7.6M
Non-Operating Income (Expense)
$48.0K
($3.0K)
($72.0K)
($36.0K)
Net Income
$9.5M
$7.7M
$9.3M
$7.6M
Preferred Dividends
($5.2M)
($5.2M)
($5.1M)
($5.1M)
Loss Attributable to Non-Controlling Interest
$67.0K
$64.0K
$55.0K
$56.0K
Net Income Attributable to Common Shareholders
$4.4M
$2.6M
$4.2M
$2.5M
Earnings Per Share (Basic)
$0.05
$0.03
$0.05
$0.03
Earnings Per Share (Diluted)
$0.05
$0.03
$0.05
$0.03
Weighted Average Shares Outstanding
85.2M
85.0M
85.0M
84.0M
Weighted Average Shares Outstanding, Diluted
85.6M
85.4M
85.5M
84.8M
Balance sheet
UMH Properties Inc balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Property, Plant and Equipment
$92.8M
$88.0M
$86.5M
$86.6M
Property, Plant and Equipment
$1.1B
$970.1M
$896.6M
$846.2M
Buildings and Improvements
$51.5M
$44.8M
$39.5M
$35.9M
Long-Term Investments
$631.6M
$566.2M
$516.5M
$422.8M
Total Investment Property
$1.9B
$1.7B
$1.5B
$1.4B
Property, Plant and Equipment
$35.9M
$31.5M
$29.1M
$26.7M
Total Investment Property and Equipment
$1.9B
$1.7B
$1.6B
$1.4B
Accumulated Depreciation
($533.9M)
($471.7M)
($416.3M)
($363.1M)
Net Investment Property and Equipment
$1.4B
$1.2B
$1.2B
$1.1B
Cash and Cash Equivalents
$72.1M
$99.7M
$57.3M
$29.8M
Marketable Securities
$23.8M
$31.9M
$34.5M
$42.2M
Inventory of Manufactured Homes
$42.4M
$35.0M
$32.9M
$88.5M
Accounts Receivable
$104.6M
$91.7M
$81.1M
$67.3M
Other Non-Operating Current Assets
$13.8M
$14.3M
$11.7M
$20.0M
Land Development Costs
$39.9M
$33.9M
$33.3M
$23.3M
Equity Method Investments
$31.1M
$28.4M
$24.9M
$18.4M
Total Other Assets
$327.6M
$334.8M
$275.7M
$289.4M
TOTAL ASSETS
$1.7B
$1.6B
$1.4B
$1.3B
Secured Debt
$556.1M
$485.5M
$496.5M
$508.9M
Accounts Payable
$5.7M
$8.0M
$6.1M
$6.4M
Short-Term Debt
$27.7M
$28.3M
$93.5M
$153.5M
Series A Bonds, net of unamortized debt issuance costs
$101.8M
$100.9M
$100.1M
$99.2M
Series B Bonds, net of unamortized debt issuance costs
$75.7M
—
—
—
Other Current Liabilities
$14.1M
$15.1M
$15.1M
$16.9M
Tenant Security Deposits
$10.8M
$10.0M
$9.5M
$8.5M
Total Other Liabilities
$235.7M
$162.3M
$224.3M
$284.5M
Total Liabilities
$791.8M
$647.8M
$720.8M
$793.4M
Series D – 6.375% Cumulative Redeemable Preferred Stock, $0.10 par value per share, 18,700 and 13,700 shares authorized as of December 31, 2025 and 2024, respectively; 12,916 and 12,823 shares issued and outstanding as of December 31, 2025 and 2024, respectively
$322899000.00
$320572000.00
$290180000.00
$225379000.00
Total Stockholders' Equity
$8.5M
$8.2M
$6.8M
$5.8M
Excess Stock - $0.10 par value per share, 3,000 shares authorized; no shares issued or outstanding as of December 31, 2025 and 2024
$0.00
$0.00
$0.00
$0.00
Additional Paid-In Capital
$599.5M
$610.6M
$433.1M
$343.2M
Retained Earnings
($25.4M)
($25.4M)
($25.4M)
($25.4M)
Total UMH Properties, Inc. Shareholders’ Equity
$905.5M
$914.0M
$704.7M
$549.0M
Noncontrolling Interest
$1.7M
$1.9M
$2.1M
$2.2M
Total Shareholders’ Equity
$907.2M
$915.9M
$706.8M
$551.2M
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
$1.7B
$1.6B
$1.4B
$1.3B
UMH Properties Inc balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Property, Plant and Equipment
$93.4M
$92.8M
$91.7M
$89.6M
Property, Plant and Equipment
$1.1B
$1.1B
$1.0B
$1.0B
Buildings and Improvements
$52.6M
$51.5M
$48.6M
$45.6M
Long-Term Investments
$664.5M
$647.0M
$617.2M
$596.1M
Total Investment Property
$1.9B
$1.9B
$1.8B
$1.7B
Property, Plant and Equipment
$37.2M
$36.7M
$33.1M
$32.1M
Total Investment Property and Equipment
$2.0B
$1.9B
$1.8B
$1.8B
Accumulated Depreciation
($567.7M)
($550.7M)
($517.6M)
($502.1M)
Net Investment Property and Equipment
$1.4B
$1.4B
$1.3B
$1.3B
Cash and Cash Equivalents
$28.6M
$37.4M
$34.1M
$79.2M
Cash and Cash Equivalents
$29.7M
$26.4M
$31.7M
$30.2M
Inventory of Manufactured Homes
$41.7M
$44.4M
$35.7M
$38.7M
Accounts Receivable
$110.5M
$106.0M
$102.1M
$97.6M
Other Non-Operating Current Assets
$17.0M
$15.5M
$17.1M
$16.4M
Land Development Costs
$63.4M
$49.7M
$76.4M
$62.1M
Equity Method Investments
$31.4M
$31.3M
$30.3M
$29.6M
Total Other Assets
$322.3M
$310.8M
$327.4M
$353.8M
TOTAL ASSETS
$1.7B
$1.7B
$1.6B
$1.6B
Total Liabilities
$545.4M
$554.0M
$467.5M
$530.2M
Accounts Payable
$7.9M
$7.0M
$8.2M
$8.5M
Short-Term Debt
$65.8M
$28.0M
$28.1M
$27.6M
Series A Bonds, net of unamortized debt issuance costs
$102.2M
$102.0M
$101.5M
$101.3M
Series B Bonds, net of unamortized debt issuance costs
$76.2M
$75.9M
$75.4M
—
Other Current Liabilities
$12.2M
$13.6M
$11.6M
$12.1M
Tenant Security Deposits
$11.4M
$11.1M
$10.7M
$10.5M
Total Other Liabilities
$275.7M
$237.5M
$235.7M
$160.1M
Total Liabilities
$821.0M
$791.6M
$703.1M
$690.3M
Series D – 6.375% Cumulative Redeemable Preferred Stock, $0.10 par value per share, 18,700 shares authorized as of June 30, 2026 and December 31, 2025; 13,335 and 12,916 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively
$333386000.00
$324552000.00
$321885000.00
$321804000.00
Total Stockholders' Equity
$8.5M
$8.5M
$8.5M
$8.5M
Excess Stock - $0.10 par value per share, 3,000 shares authorized; no shares issued or outstanding as of June 30, 2026 and December 31, 2025
$0.00
$0.00
$0.00
$0.00
Additional Paid-In Capital
$573.8M
$586.7M
$619.7M
$627.1M
Retained Earnings
($25.4M)
($25.4M)
($25.4M)
($25.4M)
Total UMH Properties, Inc. Shareholders’ Equity
$890.4M
$894.4M
$924.7M
$932.0M
Noncontrolling Interest
$1.5M
$1.6M
$1.7M
$1.8M
Total Shareholders’ Equity
$891.9M
$896.0M
$926.4M
$933.8M
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY
$1.7B
$1.7B
$1.6B
$1.6B
Cash flow statement
UMH Properties Inc cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net Income
$26.3M
$21.4M
$7.9M
($5.0M)
Depreciation
$66.6M
$60.2M
$55.7M
$48.8M
Interest Expense
$3.0M
$2.4M
$2.1M
$2.0M
Stock Compensation Expense
$5.4M
$4.8M
$4.9M
$5.0M
Provision for Doubtful Accounts (CF)
$1.6M
$2.1M
$2.1M
$1.5M
(Gain) Loss on Sales of Marketable Securities, net
$221.0K
$3.8M
—
—
(Increase) Decrease in Fair Value of Marketable Securities
$2.3M
($1.2M)
$3.6M
$21.8M
Loss on Sales of Investment Property and Equipment
$64.0K
$113.0K
$0
$169.0K
Loss on Investment in Joint Ventures
$816.0K
$895.0K
—
—
Inventory of Manufactured Homes
($7.4M)
($2.0M)
$55.5M
($64.8M)
Notes and Other Receivables, net of notes acquired with acquisitions
($14.5M)
($12.7M)
($15.9M)
($12.7M)
Prepaid Expenses and Other Assets
$218.0K
($558.0K)
$4.3M
($636.0K)
Accounts Payable
($2.3M)
$1.9M
($281.0K)
$2.1M
Accrued Liabilities and Deposits
($976.0K)
($26.0K)
($1.7M)
($310.0K)
Tenant Security Deposits
$808.0K
$484.0K
$1.1M
$565.0K
Net Cash Provided by Operating Activities
$82.0M
$81.6M
$120.1M
($8.0M)
Purchase of Manufactured Home Communities, net of mortgages assumed
($42.8M)
$0
($3.7M)
($65.6M)
Purchase of Investment Property and Equipment
($114.4M)
($92.1M)
($123.9M)
($81.1M)
Proceeds from Sale of PP&E
$4.1M
$5.3M
$3.0M
$3.1M
Additions to Land Development Costs
($58.2M)
($48.6M)
($37.9M)
($27.2M)
Purchase of Marketable Securities through automatic reinvestments
($27.0K)
($24.0K)
($23.0K)
($19.0K)
Proceeds from Investments
$5.7M
$36.0K
$4.3M
$56.1M
Investment in Joint Ventures
($3.5M)
($4.5M)
($7.5M)
($9.5M)
Net Cash Used in Investing Activities
($209.2M)
($139.9M)
($165.6M)
($124.1M)
Proceeds from Debt Issuance
$193.2M
$0
$57.7M
$59.8M
Net Cash from Financing Activities
($1.0M)
($65.2M)
($59.5M)
$107.3M
Principal Payments of Mortgages and Loans
($120.4M)
($11.9M)
($70.3M)
($24.3M)
Proceeds from Debt Issuance
$80.2M
$0
$0
$102.7M
Financing Costs on Debt
($8.5M)
($645.0K)
($1.7M)
($6.6M)
Net Cash from Financing Activities
$2.0M
$28.0M
$55.7M
$9.1M
Proceeds from At-The-Market Common Equity Program, net of offering costs
$44.1M
$220.6M
$145.8M
$100.8M
Stock Repurchases (Issuances)
$5.8M
$7.0M
$6.4M
$5.0M
Repurchase of Common Stock
($4.8M)
—
—
$0
Proceeds from Stock Issuance
$535.0K
$2.9M
$734.0K
$4.2M
Preferred Dividends Paid
($20.5M)
($19.2M)
($16.7M)
($24.6M)
Common Dividends Paid, net of dividend reinvestments
($71.2M)
($59.1M)
($49.1M)
($40.6M)
Net Cash Provided by Financing Activities
$99.3M
$102.6M
$69.1M
$48.0M
Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash
($27.9M)
$44.4M
$23.6M
($84.2M)
Cash, Cash Equivalents and Restricted Cash at Beginning of Year
$108.8M
$64.4M
$40.9M
$125.0M
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR
$80.9M
$108.8M
$64.4M
$40.9M
UMH Properties Inc cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net Income
$17.2M
$7.7M
$21.7M
$12.4M
Depreciation
$36.2M
$18.0M
$49.2M
$32.4M
Interest Expense
$2.1M
$881.0K
$2.1M
$1.2M
Stock Compensation Expense
$2.1M
$1.2M
$4.3M
$3.6M
Provision for Doubtful Accounts (CF)
$976.0K
$407.0K
$1.3M
$845.0K
Loss on Sales of Marketable Securities, net
$36.4M
$36.4M
$0
$0
(Increase) Decrease in Fair Value of Marketable Securities
($42.3M)
($39.1M)
$161.0K
$1.7M
(Gain) Loss on Sales of Investment Property and Equipment
($45.0K)
$3.0K
$109.0K
$37.0K
Loss on Investment in Joint Ventures
$281.0K
$158.0K
$596.0K
$410.0K
Inventory of Manufactured Homes
$697.0K
($2.0M)
($745.0K)
($3.7M)
Notes and Other Receivables
($6.9M)
($1.8M)
($11.7M)
($6.8M)
Prepaid Expenses and Other Assets
($2.1M)
($2.0M)
($3.9M)
($3.0M)
Accounts Payable
$2.2M
$1.3M
$255.0K
$548.0K
Accrued Liabilities and Deposits
($1.9M)
($522.0K)
($3.5M)
($3.0M)
Tenant Security Deposits
$563.0K
$306.0K
$705.0K
$426.0K
Net Cash Provided by Operating Activities
$45.6M
$20.8M
$60.6M
$37.2M
Purchase of Manufactured Home Communities
$0
$0
($40.2M)
($25.4M)
Purchase of Investment Property and Equipment
($57.9M)
($24.4M)
($85.5M)
($50.5M)
Proceeds from Sale of PP&E
$2.5M
$983.0K
$3.1M
$2.1M
Additions to Land Development Costs
($22.9M)
($9.5M)
($39.7M)
($25.3M)
Purchase of Marketable Securities through automatic reinvestments
($15.0K)
($7.0K)
($21.0K)
($13.0K)
Investment in Joint Ventures
($551.0K)
($309.0K)
($2.4M)
($1.5M)
Net Cash Used in Investing Activities
($78.9M)
($33.2M)
($164.7M)
($100.6M)
Proceeds from Debt Issuance
$0
—
$101.4M
$101.4M
Net Cash from Financing Activities
$39.4M
$126.0K
($582.0K)
($928.0K)
Principal Payments of Mortgages and Loans
($11.3M)
($2.3M)
($118.2M)
($55.2M)
Financing Costs on Debt
($2.0M)
($24.0K)
($7.2M)
($2.1M)
Net Cash from Financing Activities
$8.6M
$1.5M
$1.0M
$982.0K
Proceeds from At-The-Market Common Equity Program, net of offering costs
$0
$0
$44.2M
$39.6M
Stock Repurchases (Issuances)
$2.6M
$1.3M
$4.5M
$3.1M
Proceeds from Stock Issuance
$97.0K
$97.0K
$535.0K
$491.0K
Preferred Dividends Paid
($10.4M)
($5.2M)
($15.4M)
($10.3M)
Common Dividends Paid, net of dividend reinvestments
($36.3M)
($18.1M)
($53.2M)
($35.0M)
Net Cash (Used In) Provided by Financing Activities
($9.1M)
($22.6M)
$37.4M
$42.1M
Net Decrease in Cash, Cash Equivalents and Restricted Cash
($42.4M)
($35.0M)
($66.7M)
($21.3M)
Cash, Cash Equivalents and Restricted Cash at Beginning of Period
$80.9M
$80.9M
$108.8M
$108.8M
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD