UMH Earnings Prediction
The chart below shows how UMH performed 10 days before and after its earnings report, based on data from the past quarters. Typically, UMH sees a -1.23% change in stock price 10 days leading up to the earnings, and a -3.07% change 10 days following the report. On the earnings day itself, the stock moves by +0.47%. This data can give you a slight idea of what to expect for the next quarter's release.
UMH Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
60.67M
8.26%
0.57%
Gross Margin
53.92%
0.60%
-2.23%
Operating Margin
19.70%
14.07%
7.65%
Net Margin
21.27%
896.63%
147.61%
EPS
0.11
222.22%
1000.00%
No Data Available
UMH Earnings Analysis
UMH Properties, Inc. Corporation (UMH.N) Earnings Conference Call
Positive
Normalized FFO Increase: 1. Normalized FFO Growth: Normalized FFO per diluted share increased by 9% year-over-year to $0.24, and year-to-date normalized FFO rose by 28% from $39.2 million to $50.3 million.
Rental Income Surge: 2. Increased Rental Income: Rental and related income for Q3 2024 grew by 8% to $51.9 million compared to $48.1 million in Q3 2023, driven by higher rental rates and occupancy.
Occupancy Rate Improvement: 3. Strong Occupancy Rates: Overall occupancy increased by 39 units to 87.4% during the quarter, with a year-to-date increase of 234 units and a year-over-year increase of 271 units.
Home Sales Revenue Increase: 4. Sales Revenue Growth: Gross home sales revenue rose by 10% to approximately $8.7 million, with gross sales profit increasing by 30% from $2.6 million to $3.3 million.
Strong Financial Position: 5. Robust Balance Sheet: The company ended the quarter with $66.7 million in cash and $260 million available on its unsecured revolving credit facility, positioning it well for future investments and growth.
Negative
Storm-Related Expense Impact: During the quarter, we experienced some storm-related expenses, which increased our overall expense ratio to 43.3%.
Community Operating Expenses Rise: Community operating expenses increased 9% during the quarter, mainly due to an increase in payroll costs, real estate taxes, rental home expenses, and storm cleanup.
Rising Mortgage Interest Rates: The weighted average interest rate on our mortgage debt was 4.17% at quarter end compared to 3.88% at quarter end last year, indicating rising borrowing costs.
Community Mortgages Maturity Risks: We have approximately $116 million in community mortgages maturing in 2025, with $46 million maturing by April 1, 2025, posing refinancing risks amid fluctuating interest rates.
Occupancy Challenges Ahead: Our collection rate remained strong, but the overall occupancy was flat sequentially at 87.7%, indicating potential challenges in filling vacant units.
UMH FAQs
How does UMH typically perform around its earnings report dates?
Is UMH Properties, Inc. (UMH) Q3 2024 Earnings Call Summary positive or negative?
How can historical earnings data help predict future stock performance?
UMH Earning Call Sentiment
UMH Properties, Inc. (UMH) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
UMH.N
1.11%Positive
The earnings call highlights strong financial performance with growth in FFO, rental income, and occupancy, alongside a dividend increase. The Q&A reveals management's confidence in expansion and minimal impact from storm costs. However, the lack of clarity on storm costs and long-term JV returns slightly tempers enthusiasm. Considering the small-cap nature and positive financials, a 2% to 8% stock price increase is expected.