NYSE$UMH
UMH Properties Inc · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported solid operating results, marking a strong start to 2022.
UMH Properties reported an increase in total income to $45.9 million compared to $43.1 million in the previous year. However, the company experienced a net loss attributable to common shareholders of $4.3 million, or $0.09 per diluted share, compared to a net income of $6.8 million, or $0.16 per diluted share, in the prior year.
- Total income increased by 6% year-over-year, reaching $45.9 million.
- The company had over $290 million in cash due to the Israeli bond issuance, equity raised through the ATM, and the addition of rental homes to the Fannie Mae credit facility.
- Rental homes were added to the Fannie Mae credit facility, allowing over $380 million in rentals to potentially qualify for financing at reasonable rates.
- The company had over 1,300 homes on order, including 300 new homes delivered and in various stages of setup.
Headline financials
Revenue & EPS history
UMH Properties · Revenue · Quarterly
$45.9M
Forward guidance
UMH is well positioned for future earnings growth through reduced capital costs and improved operations.
Tailwinds
- Significant internal upside through infill of vacant sites.
- Development of vacant land.
- Increased sales profitability.
- Strong acquisition pipeline of both existing communities and development opportunities.
- Proven business plan designed to create long-term value for shareholders.
Headwinds
- Carrying costs of capital negatively impacted Normalized FFO this quarter.
- Delay in procurement of homes from manufacturers.
- Expense increases.
- Rising interest rates.
- Volatility in the market.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-0.1%
Avg return
Earnings day
+0.2%
Avg return
5 days after
+0.5%
Avg return
30 days after
48%
31 / 65 earnings
Positive
+8.0%
Q4 2023
Best reaction
-7.9%
Q1 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +0.8% | +1.8% | -2.6% | |
| Q4 2025 | -2.6% | -6.9% | -11.6% | |
| Q3 2025 | -1.2% | +3.5% | +4.2% | |
| Q1 2025 | -0.3% | -2.6% | -5.5% | |
| Q4 2024 | +2.9% | +3.4% | +3.7% | |
| Q3 2024 | +1.4% | +4.6% | +3.1% | |
| Q2 2024 | +4.9% | +5.8% | +8.5% | |
| Q1 2024 | -2.8% | -0.5% | -4.3% | |
| Q4 2023 | +8.0% | +13.2% | +13.9% | |
| Q3 2023 | -1.7% | -4.3% | +0.1% | |
| Q2 2023 | -3.4% | -2.7% | -9.5% | |
| Q1 2023 | +3.0% | +2.3% | +6.6% | |
| Q4 2022 | -7.4% | -3.0% | -14.8% | |
| Q3 2022 | -3.1% | +4.1% | -2.0% | |
| Q2 2022 | -2.0% | -3.0% | -14.7% | |
| Q1 2022 | -7.9% | -11.7% | -14.8% | |
| Q4 2021 | +1.3% | -1.1% | +2.9% | |
| Q3 2021 | -0.5% | -0.9% | -3.5% | |
| Q2 2021 | +3.7% | +4.1% | +7.8% | |
| Q1 2021 | +2.4% | +0.8% | +1.3% | |
| Q4 2020 | +3.2% | +7.0% | +6.1% | |
| Q3 2020 | -0.7% | -0.1% | +5.7% | |
| Q2 2020 | +4.6% | +8.8% | +14.8% | |
| Q1 2020 | +7.0% | -0.9% | +16.2% | |
| Q4 2019 | -2.2% | -17.1% | -36.3% | |
| Q3 2019 | +2.6% | +4.4% | +6.7% | |
| Q2 2019 | -3.7% | -3.7% | +2.9% | |
| Q1 2019 | -0.1% | -5.9% | -4.7% | |
| Q4 2018 | -3.1% | -1.4% | +1.3% | |
| Q3 2018 | -7.3% | -6.8% | -9.1% | |
| Q2 2018 | +2.7% | +1.0% | +4.5% | |
| Q1 2018 | +1.3% | -1.9% | +3.6% | |
| Q4 2017 | +0.2% | +5.5% | +7.5% | |
| Q3 2017 | +2.9% | +2.5% | +2.8% | |
| Q2 2017 | +2.1% | -3.1% | -0.6% | |
| Q1 2017 | +4.5% | +0.7% | +7.4% | |
| Q4 2016 | -2.9% | -2.4% | +7.3% | |
| Q3 2016 | +1.5% | +9.5% | +12.7% | |
| Q2 2016 | +2.2% | +5.8% | +0.8% | |
| Q1 2016 | +1.3% | — | — | |
| Q4 2015 | +2.7% | — | — | |
| Q3 2015 | +0.8% | — | — | |
| Q2 2015 | +0.1% | — | — | |
| Q1 2015 | +2.4% | — | — | |
| Q4 2014 | +1.3% | — | — | |
| Q3 2014 | -2.1% | — | — | |
| Q2 2014 | +1.5% | — | — | |
| Q1 2014 | +0.6% | — | — | |
| Q4 2013 | -0.2% | — | — | |
| Q3 2013 | -0.3% | — | — | |
| Q2 2013 | -1.4% | — | — | |
| Q1 2013 | +1.0% | — | — | |
| Q4 2012 | -1.5% | — | — | |
| Q3 2012 | -4.9% | — | — | |
| Q2 2012 | -2.1% | — | — | |
| Q1 2011 | -2.1% | — | — | |
| Q1 2012 | +2.6% | — | — | |
| Q4 2011 | -3.1% | — | — | |
| Q4 2009 | -3.1% | — | — | |
| Q3 2010 | -0.1% | — | — | |
| Q3 2011 | -0.1% | — | — | |
| Q4 2010 | -2.8% | — | — | |
| Q2 2011 | -2.8% | — | — | |
| Q2 2010 | -2.8% | — | — | |
| Q1 2010 | -2.3% | — | — |
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