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Umh Properties (UMH)
NYSE:UMH
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Earnings Data
Report Date
Feb 26, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.06Last Year’s EPS
0.1Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 01, 2018
|% Change Since: -1.51%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook with significant improvements in FFO, sales, and expansion plans. However, there were concerns regarding storm-related expenses and flat occupancy growth in certain regions. The strong balance sheet and liquidity position the company well for future opportunities.Company Guidance
During the UMH Properties Q3 2024 earnings call, the company provided guidance that highlighted several key financial metrics and strategic initiatives. The company reported a 9% year-over-year increase in normalized funds from operations (FFO) per diluted share, rising to $0.24 from $0.22. Year-to-date, normalized FFO increased by 28% to $50.3 million. UMH also achieved an 8% growth in third-quarter rental and related income, with a same-property net operating income (NOI) increase of 7%. The company's occupancy increased to 87.4%, with an annualized community NOI increase projected at $12 million. Looking forward, UMH anticipates revenue growth from 800 new rental homes and 5% annual rent increases in 2025, alongside the development of 300 to 400 expansion sites annually. Additionally, the company tightened its full-year 2024 guidance for normalized FFO to a range of $0.92 to $0.94 per diluted share, reflecting an 8% growth from 2023. UMH remains focused on enhancing its balance sheet, which boasts $66.7 million in cash and full credit line availability, positioning the company for strategic acquisitions and long-term growth.Normalized FFO Growth
UMH reported a third consecutive quarter of year-over-year normalized FFO growth, with normalized FFO per diluted share increasing by 9% from $0.22 to $0.24 compared to the previous year.
Increase in Rental and Related Income
Rental and related income for the quarter was $51.9 million, an 8% increase from $48.1 million a year ago.
Expansion and Development Plans
UMH is on track to develop approximately 200 expansion sites this year and anticipates approvals for 500 new sites next year. They plan to develop approximately 300 of these sites in 2025.
Strong Balance Sheet and Liquidity
UMH ended the quarter with $66.7 million in cash and cash equivalents and $260 million available on their unsecured revolving credit facility, positioning them well for future growth.
Record Sales Growth
Gross home sales revenue increased by 10% year-over-year, with a gross sales profit increase of 30% from $2.6 million to $3.3 million.
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UMH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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UMH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $18.56 | $18.74 | +0.97% |
| Aug 06, 2024 | $18.56 | $18.58 | +0.11% |
| May 02, 2024 | $15.48 | $14.82 | -4.26% |
| Feb 28, 2024 | $13.78 | $14.86 | +7.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Umh Properties (UMH) report earnings?
Umh Properties (UMH) is schdueled to report earning on Feb 26, 2025, TBA Not Confirmed.
What is Umh Properties (UMH) earnings time?
Umh Properties (UMH) earnings time is at Feb 26, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is UMH EPS forecast?
UMH EPS forecast for the fiscal quarter 2024 (Q4) is 0.06.
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