UMH PROPERTIES INC
For the period ended Jun 30, 2024. Filed Aug 6, 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.
Jun 30, 2024 · Filed Aug 6, 2024
UMH$14.90+1.1%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income (Loss)
CONSOLIDATED STATEMENTS OF INCOME (LOSS) (UNAUDITED)
| THREE MONTHS ENDED | SIX MONTHS ENDED | |||
|---|---|---|---|---|
| June 30, 2024 | June 30, 2023 | June 30, 2024 | June 30, 2023 | |
| INCOME: | ||||
| Rental and Related Income | $51,494 | $47,063 | $101,823 | $92,368 |
| Sales of Manufactured Homes | 8,834 | 8,227 | 16,185 | 15,529 |
| Total Income | 60,328 | 55,290 | 118,008 | 107,897 |
| EXPENSES: | ||||
| Community Operating Expenses | 21,595 | 20,034 | 42,692 | 40,122 |
| Cost of Sales of Manufactured Homes | 5,461 | 5,740 | 11,017 | 10,725 |
| Selling Expenses | 1,744 | 1,665 | 3,390 | 3,477 |
| General and Administrative Expenses | 5,506 | 5,181 | 10,874 | 10,163 |
| Depreciation Expense | 15,001 | 13,751 | 29,742 | 27,124 |
| Total Expenses | 49,307 | 46,371 | 97,715 | 91,611 |
| OTHER INCOME (EXPENSE): | ||||
| Interest Income | 1,501 | 1,217 | 3,068 | 2,355 |
| Dividend Income | 362 | 531 | 722 | 1,237 |
| Loss on Sales of Marketable Securities, net | (3,778) | (1) | (3,778) | (43) |
| Increase (Decrease) in Fair Value of Marketable Securities | 3,338 | (2,548) | (2,031) | (4,943) |
| Other Income | 205 | 288 | 364 | 616 |
| Loss on Investment in Joint Venture | (87) | (175) | (224) | (480) |
| Interest Expense | (7,371) | (8,639) | (14,845) | (16,969) |
| Total Other Income (Expense) | (5,830) | (9,327) | (16,724) | (18,227) |
| Income (Loss) before Gain (Loss) on Sales of Investment Property and Equipment | 5,191 | (408) | 3,569 | (1,941) |
| Gain (Loss) on Sales of Investment Property and Equipment | (10) | 5 | (13) | 37 |
| Net Income (Loss) | 5,181 | (403) | 3,556 | (1,904) |
| Preferred Dividends | (4,712) | (4,051) | (9,385) | (7,887) |
| Loss Attributable to Non-Controlling Interest | 58 | 36 | 92 | 76 |
| Net Income (Loss) Attributable to Common Shareholders | $527 | $(4,418) | $(5,737) | $(9,715) |
| Net Income (Loss) Attributable to Common Shareholders Per Share – Basic and Diluted | $0.01 | $(0.07) | $(0.08) | $(0.16) |
| Weighted Average Common Shares Outstanding: | ||||
| Basic | 71,418 | 61,236 | 70,291 | 60,186 |
| Diluted | 71,884 | 61,760 | 70,700 | 60,844 |
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