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UMH Properties (UMH)
:UMH
Earnings Data
Report Date
May 01, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
-0.09Same Quarter Last Year
Moderate Buy
Based on 4 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 26, 2025
|% Change Since: 1.44%
|Next Earnings Date:May 01, 2025
Earnings Call Sentiment|Positive
UMH Properties, Inc. demonstrated a strong performance in key financial metrics, such as FFO per share and sales records, and maintained a promising growth outlook with a robust acquisition pipeline. However, challenges such as increased operating expenses and upcoming mortgage refinancing pose risks. Nonetheless, the positive aspects and future growth strategies outweigh the negatives.Company Guidance
During the UMH Properties, Inc. Fourth Quarter and Year End 2024 Earnings Conference Call, the company reported several positive financial metrics and provided guidance for 2025. For the fourth quarter, the normalized Funds From Operations (FFO) increased by 4% to $0.24 per share, while for the full year, FFO rose by 8% to $0.93 per share. The company achieved an 8% increase in same property income and NOI for the quarter, with a 9% and 10% annual increase, respectively. The guidance for 2025 anticipates FFO to range between $0.96 to $1.04 per share. UMH Properties has a strategic plan for growth, with $100 million or more invested in projects not yet yielding returns. They aim to expand their portfolio by adding 800 new rental homes and anticipate closing acquisitions totaling $39.1 million. The company highlighted a 30% total shareholder return in 2024 and anticipates similar operational growth in 2025, with potential improvements in occupancy and revenue through strategic acquisitions and expansions.Increased FFO Per Share
Normalized FFO for the quarter was $0.24 per share, an increase of 4% from last year. For the full year, it was $0.93 per share, representing an 8% increase.
Record Sales Achievement
UMH Properties' sales division broke its all-time sales record for the third consecutive year with gross sales of $33.5 million, an 8% increase from the previous year.
Expansion in Inventory and Occupancy
UMH Properties added 565 homes to its portfolio, with 94% occupancy. Same property income grew by 9% and same property NOI increased by 10% for the year.
Acquisition Pipeline Growth
The company has four communities under contract with a total purchase price of $39.1 million, reflecting a blended cap rate of 5.5%.
Strong Total Shareholder Return
UMH Properties reported a total shareholder return of approximately 30% in 2024, with 51% over five years and 234% over ten years.
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UMH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UMH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 26, 2025 | $18.04 | $18.56 | +2.88% |
| Nov 06, 2024 | $18.34 | $18.52 | +0.98% |
| Aug 06, 2024 | $18.33 | $18.36 | +0.16% |
| May 02, 2024 | $15.30 | $14.64 | -4.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does UMH Properties (UMH) report earnings?
UMH Properties (UMH) is schdueled to report earning on May 01, 2025, TBA Not Confirmed.
What is UMH Properties (UMH) earnings time?
UMH Properties (UMH) earnings time is at May 01, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UMH EPS forecast?
UMH EPS forecast for the fiscal quarter 2025 (Q1) is 0.03.
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