NYSE$UMH

UMH Properties Inc · Q4 2021 earnings

Q4 2021 earnings · · Investor relations

Briefing

UMH Properties reported an increase in total income and net income for the quarter ended December 31, 2021.

UMH Properties reported an increase in total income and net income for the quarter ended December 31, 2021. Total income increased by 7% to $46.0 million, while net income attributable to common shareholders amounted to $9.4 million or $0.17 per diluted share.

  • Total income for the quarter ended December 31, 2021, was $46.0 million, up 7% from $42.8 million in the same quarter of 2020.
  • Net income attributable to common shareholders for the quarter was $9.4 million, or $0.17 per diluted share, compared to $15.6 million, or $0.38 per diluted share, in the prior year quarter.
  • Funds from Operations (FFO) was $10.1 million, or $0.20 per diluted share, compared to $8.5 million, or $0.20 per diluted share, in the prior year quarter.
  • Normalized Funds from Operations (Normalized FFO) was $11.0 million, or $0.22 per diluted share, compared to $8.5 million, or $0.20 per diluted share, in the prior year quarter.

Headline financials

Total Revenue

$46M

Previous: $42.8M+7.4%
EPS (adj)

$0.22

Previous: $0.20+10.0%
Net Income

$9.4M

Previous: $15.6M-39.7%
Gross Profit

$25.2M

Previous: $23.1M+8.8%
Cash & Equivalents

$116M

Previous: $15.3M+657.5%
Total Assets

$1.27B

Previous: $1.09B+16.7%
Stock-Based Comp

$1.19M

Previous: $223K+432.7%

Revenue & EPS history

UMH Properties · Revenue · Quarterly

$46M

Q4 2021+7.4%vs Q4 2020
Beat estimate in 12 of 16 quarters(75%)
ActualEstimate

Forward guidance

UMH is focused on executing its business plan and building long-term value for shareholders. The company is well positioned to redeem preferred stock and anticipates continued dividend growth.

Tailwinds

  • All-time high stock price with ample growth opportunities
  • Community level operations are stronger than ever
  • Proven business plan continues to generate industry-leading same property operating results
  • Strong demand for affordable housing at communities
  • Well positioned to execute on preferred stock redemptions

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 Q4 2021

Historical avgQ4 2021

-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

Earnings price reactions
QuarterReport dateReaction (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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