UMH Properties
Market Cap
US$583.3m
Last Updated
2020/10/22 23:34 UTC
Data Sources
Company Financials +
Executive Summary
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 123 manufactured home communities containing approximately 23,200 developed homesites. More Details
Rewards
Risk Analysis
Currently unprofitable and not forecast to become profitable over the next 3 years
Snowflake Analysis
Average dividend payer with adequate balance sheet.
Similar Companies
Share Price & News
How has UMH Properties's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: UMH has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
0%
UMH
-1.2%
US REITs
-0.8%
US Market
1 Year Return
-4.7%
UMH
-14.9%
US REITs
18.0%
US Market
Return vs Industry: UMH exceeded the US REITs industry which returned -15.9% over the past year.
Return vs Market: UMH underperformed the US Market which returned 17.8% over the past year.
Shareholder returns
| UMH | Industry | Market | |
|---|---|---|---|
| 7 Day | 0% | -1.2% | -0.8% |
| 30 Day | 1.2% | 4.2% | 6.8% |
| 90 Day | 16.4% | 1.9% | 8.9% |
| 1 Year | 0.4%-4.7% | -11.5%-14.9% | 20.7%18.0% |
| 3 Year | 10.4%-5.8% | 14.6%1.1% | 41.5%32.1% |
| 5 Year | 83.9%39.2% | 39.7%11.8% | 84.6%63.8% |
Price Volatility Vs. Market
How volatile is UMH Properties's share price compared to the market and industry in the last 5 years?
Simply Wall St News
1 week ago | Simply Wall St
Is UMH Properties, Inc.'s (NYSE:UMH) Shareholder Ownership Skewed Towards Insiders?1 month ago | Simply Wall St
Did UMH Properties, Inc. (NYSE:UMH) Insiders Sell Shares?4 months ago | Simply Wall St
How Many UMH Properties, Inc. (NYSE:UMH) Shares Did Insiders Buy, In The Last Year?Valuation
Is UMH Properties undervalued compared to its fair value and its price relative to the market?
45.8%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: UMH ($14.11) is trading below our estimate of fair value ($26.04)
Significantly Below Fair Value: UMH is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: UMH is unprofitable, so we can't compare its PE Ratio to the US REITs industry average.
PE vs Market: UMH is unprofitable, so we can't compare its PE Ratio to the US market.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate UMH's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: UMH is overvalued based on its PB Ratio (6.1x) compared to the US REITs industry average (1.4x).
Next Steps
Future Growth
How is UMH Properties forecast to perform in the next 1 to 3 years based on estimates from 3 analysts?
103.2%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: UMH is forecast to remain unprofitable over the next 3 years.
Earnings vs Market: UMH is forecast to remain unprofitable over the next 3 years.
High Growth Earnings: UMH is forecast to remain unprofitable over the next 3 years.
Revenue vs Market: UMH's revenue (8.2% per year) is forecast to grow slower than the US market (10% per year).
High Growth Revenue: UMH's revenue (8.2% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if UMH's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has UMH Properties performed over the past 5 years?
-42.0%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: UMH is currently unprofitable.
Growing Profit Margin: UMH is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: UMH is unprofitable, and losses have increased over the past 5 years at a rate of 42% per year.
Accelerating Growth: Unable to compare UMH's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: UMH is unprofitable, making it difficult to compare its past year earnings growth to the REITs industry (1.6%).
Return on Equity
High ROE: UMH has a negative Return on Equity (-0.081%), as it is currently unprofitable.
Next Steps
Financial Health
How is UMH Properties's financial position?
Financial Position Analysis
Short Term Liabilities: UMH's short term assets ($88.7M) exceed its short term liabilities ($11.9M).
Long Term Liabilities: UMH's short term assets ($88.7M) do not cover its long term liabilities ($446.6M).
Debt to Equity History and Analysis
Debt Level: UMH's debt to equity ratio (77.2%) is considered high.
Reducing Debt: UMH's debt to equity ratio has reduced from 141.3% to 77.2% over the past 5 years.
Balance Sheet
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: Whilst unprofitable UMH has sufficient cash runway for more than 3 years if it maintains its current positive free cash flow level.
Forecast Cash Runway: UMH is unprofitable but has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 13.5% per year.
Next Steps
Dividend
What is UMH Properties's current dividend yield, its reliability and sustainability?
5.10%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: UMH's dividend (5.1%) is higher than the bottom 25% of dividend payers in the US market (1.65%).
High Dividend: UMH's dividend (5.1%) is in the top 25% of dividend payers in the US market (4.67%)
Stability and Growth of Payments
Stable Dividend: UMH's dividends per share have been stable in the past 10 years.
Growing Dividend: UMH's dividend payments have not increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (206.6%), UMH's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: UMH's dividends in 3 years are forecast to be covered by earnings (70.9% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
11.3yrs
Average management tenure
CEO
Samuel Landy (60 yo)
25.75yrs
Tenure
US$753,371
Compensation
Mr. Samuel A. Landy has been Chief Executive Officer and President of UMH Properties Inc. since 1995. Mr. Landy served as the Vice President at UMH Properties from 1991 to 1995. He has been a Director of M ...
CEO Compensation Analysis
Compensation vs Market: Samuel's total compensation ($USD753.37K) is below average for companies of similar size in the US market ($USD1.93M).
Compensation vs Earnings: Samuel's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 25.75yrs | US$753.37k | 1.66% $ 9.7m | |
| VP, Chief Financial & Accounting Officer | 25.75yrs | US$677.87k | 1.27% $ 7.4m | |
| VP & COO | 1.75yrs | US$415.24k | 0.033% $ 192.2k | |
| General Counsel & Secretary | 5.75yrs | US$421.21k | 0.044% $ 259.4k | |
| Director of Investor Relations | no data | no data | no data | |
| Vice President of Sales | 17.33yrs | no data | no data | |
| Controller | no data | no data | no data | |
| Vice President of Engineering | 16.75yrs | no data | no data | |
| Vice President | 5.5yrs | no data | no data | |
| Vice President | 5.5yrs | no data | no data | |
| Assistant Controller | no data | no data | no data | |
| Vice President of Rental Division | no data | no data | no data |
11.3yrs
Average Tenure
52yo
Average Age
Experienced Management: UMH's management team is seasoned and experienced (11.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 25.75yrs | US$753.37k | 1.66% $ 9.7m | |
| VP, Chief Financial & Accounting Officer | 25.75yrs | US$677.87k | 1.27% $ 7.4m | |
| Founder & Chairman of the Board | 25.75yrs | US$576.02k | 2.43% $ 14.2m | |
| Presiding Independent Director | 4.5yrs | US$69.71k | 0.075% $ 440.2k | |
| Director | 9.5yrs | US$68.41k | 0.96% $ 5.6m | |
| Independent Director | 13.42yrs | US$79.11k | 0.077% $ 448.3k | |
| Independent Director | 4.5yrs | US$74.21k | 0.022% $ 129.1k | |
| Independent Director | 9.5yrs | US$76.81k | 0.025% $ 147.3k | |
| Independent Director | 9.08yrs | US$78.81k | 0.015% $ 87.8k | |
| Independent Director | 1.33yrs | US$35.58k | 0.013% $ 73.0k | |
| Independent Director | 0.75yr | no data | 0.0025% $ 14.8k |
9.5yrs
Average Tenure
60yo
Average Age
Experienced Board: UMH's board of directors are considered experienced (9.5 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: UMH insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 2.3%.
Top Shareholders
Company Information
UMH Properties, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: UMH Properties, Inc.
- Ticker: UMH
- Exchange: NYSE
- Founded: 1968
- Industry: Residential REITs
- Sector: Real Estate
- Market Cap: US$583.331m
- Shares outstanding: 41.34m
- Website: https://www.umh.reit
Number of Employees
Location
- UMH Properties, Inc.
- Juniper Business Plaza
- Suite 3-C
- Freehold
- New Jersey
- 7728
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| UMH | NYSE (New York Stock Exchange) | Yes | Common Stock | US | USD | Feb 1985 |
| WXE | DB (Deutsche Boerse AG) | Yes | Common Stock | DE | EUR | Feb 1985 |
| UMH.PRC | NYSE (New York Stock Exchange) | 6.75% CUM PFD C | US | USD | Jul 2017 | |
| UMH.PRD | NYSE (New York Stock Exchange) | 6.375% CUM PFD D | US | USD | Jan 2018 |
Biography
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that owns and operates 123 manufactured home communities containing approximately 23,200 developed homesites. These communities ar ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/10/22 23:34 |
| End of Day Share Price | 2020/10/22 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.