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 -1.03% change in stock price 10 days leading up to the earnings, and a -2.71% change 10 days following the report. On the earnings day itself, the stock moves by +0.23%. 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
61.87M
8.58%
1.98%
Gross Margin
55.42%
0.56%
2.78%
Operating Margin
17.18%
-6.38%
-12.79%
Net Margin
8.05%
-59.24%
-62.15%
EPS
0.00
-100.00%
-100.00%
No Data Available
UMH Earnings Analysis
UMH Properties Inc Corporation (UMH.N) Earnings Conference Call
Positive
Normalized FFO Growth: UMH reported a 4% increase in normalized FFO per share for Q4 2024, reaching $0.24 compared to $0.23 in Q4 2023.
Normalized FFO Increase: For the full year 2024, normalized FFO increased by 8% to $0.93 per share, up from $0.86 in 2023.
Record Gross Sales Growth: The company achieved a record gross sales of $33.5 million in 2024, an 8% increase from $31.2 million in 2023.
Property Income and NOI Growth: Same property income and NOI both increased by 8% in Q4 2024, and by 9% and 10% respectively for the full year, driven by improved occupancy and rental rates.
Rental Portfolio Expansion: UMH added 565 homes to its rental portfolio in 2024, bringing the total to 10,300 homes with a 94% occupancy rate.
Home Addition Growth: The company anticipates adding over 800 homes in 2025, continuing its growth trajectory in the rental market.
Acquisition Pipeline Expansion: The acquisition pipeline has expanded, with four communities under contract, totaling 457 sites, and a purchase price of $39.1 million.
Strong Financial Position: The company has a strong balance sheet with $99.7 million in cash and $260 million available on its credit facility, positioning it well for future growth.
Shareholder Return and Dividends: UMH's total shareholder return was approximately 30% in 2024, with a 19% increase in dividends since 2020, reflecting strong performance and shareholder value.
Future Acquisitions and Expansion: The company is optimistic about future acquisitions due to favorable market conditions and has plans for significant expansions in 2025.
Negative
Rising Community Operating Expenses: Community operating expenses increased by 8% during the quarter and 7% for the year, primarily due to increases in payroll, real estate taxes, insurance, and other operational costs.
Operating Results Impacted by Growth: Despite an increase in normalized FFO, the company's operating results were impacted by investments in growth and rising expenses due to inflation.
Debt and Refinancing Concerns: The company has $615 million in debt, with 23 mortgages totaling $115.2 million due within the next 12 months, raising concerns about upcoming refinancing needs.
Short-Term Borrowing Costs: The weighted average interest rate on short-term borrowings was 6.54%, which is significantly higher than the fixed-rate mortgage debt, indicating potential financial strain.
Capital Deployment Delay: The company has a significant amount of capital raised that has not yet been invested, which may delay potential earnings growth until these funds are deployed.
UMH FAQs
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UMH Earning Call Sentiment
UMH Properties, Inc. (UMH) Q4 2024 Earnings Call Transcript
UMH.N
-2.05%Positive
The earnings call shows strong financial performance with an 8% increase in FFO and rental income, and a 23% increase in market capitalization. The Q&A highlights potential growth through acquisitions and a strong leasing velocity. Despite minor uncertainties in JV strategies, the optimistic guidance, strong financial metrics, and shareholder confidence in acquisitions suggest a positive outlook. Given the market cap, a 2% to 8% stock price increase is likely over the next two weeks.
