UMH Properties Q3 income misses estimates

UMH Properties

03/11/2025 21:43

Overview

UMH Properties Q3 total income rises 10% yr/yr but misses analyst expectations

Net income for Q3 falls significantly compared to last year

Normalized FFO for Q3 increases 15% yr/yr

Outlook

Company did not provide specific financial guidance for future periods

Result Drivers

RENTAL INCOME - Rental and related income increased by 11%, driving total income growth

COMMUNITY NOI - Community net operating income rose by 11%, contributing to Normalized FFO growth

OCCUPANCY IMPROVEMENT - Same property occupancy increased by 110 basis points, enhancing revenue

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Total Income
Miss
$66.91 mln
$68.80 mln (3 Analysts)
Q3 Net Income
$4.21 mln
Q3 Adjusted FFO
$21.31 mln
Q3 FFO
$19.74 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the residential reits peer group is "buy"

Wall Street's median 12-month price target for UMH Properties Inc is $19.00, about 23.5% above its October 31 closing price of $14.54

The stock recently traded at 73 times the next 12-month earnings vs. a P/E of 92 three months ago

Press Release: ID:nGNXM1tV2

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)