Quarterly ResultApr 30, 2026, 04:28 PM
UMH Q1 Net Income $7.69M; EPS $0.03; Rental Income +9%
AI Summary
UMH Properties, Inc. reported a significant increase in net income for Q1 2026, reaching $7.69 million, up from $4.81 million in Q1 2025. Net income attributable to common shareholders was $2.58 million, or $0.03 per share, compared to a loss of $0.27 million in the prior year. Rental and related income grew by 8.97% to $59.47 million, while net cash provided by operating activities increased by 63.11% to $20.84 million. The company also recognized a net gain of $2.7 million on its marketable securities portfolio.
Key Highlights
- Net Income was $7.69 million, up 59.85% from $4.81 million in Q1 2025.
- Net Income Attributable to Common Shareholders was $2.58 million, or $0.03 per share.
- Rental and Related Income increased 8.97% to $59.47 million from $54.57 million in Q1 2025.
- Total Income reached $65.84 million, a 7.53% increase from $61.23 million in Q1 2025.
- Net Cash Provided by Operating Activities rose 63.11% to $20.84 million.
- Recognized a net gain of $2.7 million on the marketable securities portfolio.
- Interest Expense increased 53.27% to $9.10 million from $5.93 million in Q1 2025.
- Total Assets were $1.69 billion as of March 31, 2026.