UMH PROPERTIES INC
For the period ended Mar 31, 2024. Filed May 2, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2024 · Filed May 2, 2024
UMH$14.90+1.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Cash Flows
CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)
| THREE MONTHS ENDED | ||
|---|---|---|
| March 31, 2024 | March 31, 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net Loss | $(1,625) | $(1,501) |
| Non-Cash items included in Net Loss: | ||
| Depreciation | 14,741 | 13,373 |
| Amortization of Financing Costs | 556 | 518 |
| Stock Compensation Expense | 1,354 | 1,528 |
| Provision for Uncollectible Notes and Other Receivables | 463 | 358 |
| Loss on Sales of Marketable Securities, net | 0 | 42 |
| Decrease in Fair Value of Marketable Securities | 5,369 | 2,395 |
| (Gain) Loss on Sales of Investment Property and Equipment | 3 | (32) |
| Loss on Investment in Joint Venture | 244 | 349 |
| Changes in Operating Assets and Liabilities: | ||
| Inventory of Manufactured Homes | 3,721 | 126 |
| Notes and Other Receivables, net of notes acquired with acquisitions | (2,164) | (3,232) |
| Prepaid Expenses and Other Assets | (549) | 3,606 |
| Accounts Payable | (352) | (367) |
| Accrued Liabilities and Deposits | (2,896) | (4,111) |
| Tenant Security Deposits | 183 | 237 |
| Net Cash Provided by Operating Activities | 19,048 | 13,289 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Purchase of Manufactured Home Communities | 0 | (3,679) |
| Purchase of Investment Property and Equipment | (17,861) | (26,767) |
| Proceeds from Sales of Investment Property and Equipment | 1,034 | 632 |
| Additions to Land Development Costs | (8,282) | (5,493) |
| Purchase of Marketable Securities | (6) | (6) |
| Proceeds from Sales of Marketable Securities | 0 | 462 |
| Investment in Joint Venture | (309) | (5,693) |
| Net Cash Used in Investing Activities | (25,424) | (40,544) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Net Proceeds (Payments) from Short-Term Borrowings | (16,044) | 37,984 |
| Principal Payments of Mortgages and Loans | (2,946) | (48,214) |
| Financing Costs on Debt | (2) | (501) |
| Proceeds from At-The-Market Preferred Equity Program, net of offering costs | 4,399 | 19,291 |
| Proceeds from At-The-Market Common Equity Program, net of offering costs | 20,395 | 34,288 |
| Proceeds from Issuance of Common Stock in the DRIP, net of dividend reinvestments | 1,759 | 1,862 |
| Proceeds from Exercise of Stock Options | 1,766 | 137 |
| Preferred Dividends Paid | (4,673) | (3,836) |
| Common Dividends Paid, net of dividend reinvestments | (13,503) | (11,571) |
| Net Cash Provided by (Used in) Financing Activities | (8,849) | 29,440 |
| Net Increase (Decrease) in Cash, Cash Equivalents and Restricted Cash | (15,225) | 2,185 |
| Cash, Cash Equivalents and Restricted Cash at Beginning of Period | 64,437 | 40,876 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD | $49,212 | $43,061 |
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