UMH Properties Inc
UMH Properties, Inc., which was organized in 1968, is a public equity REIT that currently owns and operates 145 manufactured home communities, containing approximately 27,000 developed homesites, of which 10,800 contain rental homes, and over 1,000 self-storage units. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Maryland, Michigan, Alabama, South … Read more
UMH Properties Inc (UMH) - Net Assets
Latest net assets as of September 2025: $926.41 Million USD
Based on the latest financial reports, UMH Properties Inc (UMH) has net assets worth $926.41 Million USD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.63 Billion) and total liabilities ($703.12 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $926.41 Million |
| % of Total Assets | 56.85% |
| Annual Growth Rate | 17.69% |
| 5-Year Change | 82.52% |
| 10-Year Change | 271.96% |
| Growth Volatility | 19.66 |
UMH Properties Inc - Net Assets Trend (1988–2024)
This chart illustrates how UMH Properties Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for UMH Properties Inc (1988–2024)
The table below shows the annual net assets of UMH Properties Inc from 1988 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | $915.91 Million | +29.59% |
| 2023-12-31 | $706.79 Million | +28.23% |
| 2022-12-31 | $551.20 Million | -25.73% |
| 2021-12-31 | $742.14 Million | +47.89% |
| 2020-12-31 | $501.81 Million | -8.15% |
| 2019-12-31 | $546.34 Million | +28.64% |
| 2018-12-31 | $424.70 Million | +0.83% |
| 2017-12-31 | $421.22 Million | +32.86% |
| 2016-12-31 | $317.03 Million | +28.75% |
| 2015-12-31 | $246.24 Million | +17.91% |
| 2014-12-31 | $208.83 Million | +9.57% |
| 2013-12-31 | $190.59 Million | +8.92% |
| 2012-12-31 | $174.99 Million | +65.27% |
| 2011-12-31 | $105.88 Million | +47.20% |
| 2010-12-31 | $71.93 Million | +28.51% |
| 2009-12-31 | $55.97 Million | +25.16% |
| 2008-12-31 | $44.72 Million | -17.17% |
| 2007-12-31 | $54.00 Million | -6.32% |
| 2006-12-31 | $57.64 Million | +5.11% |
| 2005-12-31 | $54.84 Million | +12.36% |
| 2004-12-31 | $48.80 Million | +24.82% |
| 2003-12-31 | $39.10 Million | +31.49% |
| 2002-12-31 | $29.74 Million | +6.34% |
| 2001-12-31 | $27.96 Million | +22.44% |
| 2000-12-31 | $22.84 Million | +6.73% |
| 1999-12-31 | $21.40 Million | -7.76% |
| 1998-12-31 | $23.20 Million | +11.54% |
| 1997-12-31 | $20.80 Million | +26.83% |
| 1996-12-31 | $16.40 Million | +59.22% |
| 1995-12-31 | $10.30 Million | +32.05% |
| 1994-12-31 | $7.80 Million | +23.81% |
| 1993-12-31 | $6.30 Million | +36.96% |
| 1992-12-31 | $4.60 Million | +27.78% |
| 1991-12-31 | $3.60 Million | +24.14% |
| 1990-12-31 | $2.90 Million | +11.54% |
| 1989-12-31 | $2.60 Million | 0.00% |
| 1988-12-31 | $2.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to UMH Properties Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 2516400000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $8.19 Million | 0.90% |
| Other Components | $931.20 Million | 101.88% |
| Total Equity | $914.03 Million | 100.00% |
UMH Properties Inc Competitors by Market Cap
The table below lists competitors of UMH Properties Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Triumph Science & Technology Co Ltd
SHG:600552
|
$1.19 Billion |
|
Zhejiang Huace Film TV Co
SHE:300133
|
$1.19 Billion |
|
Hydsoft Technology Co. Ltd. A
SHE:301316
|
$1.19 Billion |
|
China Southern Power Grid Technology Co Ltd
SHG:688248
|
$1.19 Billion |
|
Tatung Co
TW:2371
|
$1.19 Billion |
|
Nine Entertainment Co. Holdings Limited
PINK:NNMTF
|
$1.19 Billion |
|
Amylyx Pharmaceuticals Inc
NASDAQ:AMLX
|
$1.19 Billion |
|
Suofeiya Home Collection Co Ltd
SHE:002572
|
$1.18 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in UMH Properties Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 704,720,000 to 914,029,000, a change of 209,309,000 (29.7%).
- Net income of 21,635,000 contributed positively to equity growth.
- Dividend payments of 78,238,000 reduced retained earnings.
- Share repurchases of 258,555,000 reduced equity.
- New share issuances of 255,636,000 increased equity.
- Other factors increased equity by 268,831,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $21.64 Million | +2.37% |
| Dividends Paid | $78.24 Million | -8.56% |
| Share Repurchases | $258.56 Million | -28.29% |
| Share Issuances | $255.64 Million | +27.97% |
| Other Changes | $268.83 Million | +29.41% |
| Total Change | $- | 29.70% |
Book Value vs Market Value Analysis
This analysis compares UMH Properties Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.21x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 21.84x to 1.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1988-12-31 | $0.68 | $14.80 | x |
| 1989-12-31 | $0.65 | $14.80 | x |
| 1990-12-31 | $0.58 | $14.80 | x |
| 1991-12-31 | $0.84 | $14.80 | x |
| 1992-12-31 | $0.97 | $14.80 | x |
| 1993-12-31 | $1.24 | $14.80 | x |
| 1994-12-31 | $1.47 | $14.80 | x |
| 1995-12-31 | $1.77 | $14.80 | x |
| 1996-12-31 | $2.66 | $14.80 | x |
| 1997-12-31 | $3.11 | $14.80 | x |
| 1998-12-31 | $3.29 | $14.80 | x |
| 1999-12-31 | $2.94 | $14.80 | x |
| 2000-12-31 | $3.11 | $14.80 | x |
| 2001-12-31 | $3.73 | $14.80 | x |
| 2002-12-31 | $3.87 | $14.80 | x |
| 2003-12-31 | $4.92 | $14.80 | x |
| 2004-12-31 | $5.62 | $14.80 | x |
| 2005-12-31 | $5.77 | $14.80 | x |
| 2006-12-31 | $5.70 | $14.80 | x |
| 2007-12-31 | $5.12 | $14.80 | x |
| 2008-12-31 | $4.11 | $14.80 | x |
| 2009-12-31 | $4.90 | $14.80 | x |
| 2010-12-31 | $5.61 | $14.80 | x |
| 2011-12-31 | $7.27 | $14.80 | x |
| 2012-12-31 | $10.76 | $14.80 | x |
| 2013-12-31 | $10.14 | $14.80 | x |
| 2014-12-31 | $9.28 | $14.80 | x |
| 2015-12-31 | $9.48 | $14.80 | x |
| 2016-12-31 | $11.40 | $14.80 | x |
| 2017-12-31 | $12.89 | $14.80 | x |
| 2018-12-31 | $11.52 | $14.80 | x |
| 2019-12-31 | $13.59 | $14.80 | x |
| 2020-12-31 | $12.12 | $14.80 | x |
| 2021-12-31 | $15.65 | $14.80 | x |
| 2022-12-31 | $10.09 | $14.80 | x |
| 2023-12-31 | $11.17 | $14.80 | x |
| 2024-12-31 | $12.20 | $14.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently UMH Properties Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 2.37%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.99%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.71x
- Recent ROE (2.37%) is below the historical average (9.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1988 | -11.54% | -3.90% | 0.31x | 9.69x | $-560.00K |
| 1989 | -15.38% | -4.60% | 0.35x | 9.50x | $-660.00K |
| 1990 | -3.45% | -1.09% | 0.36x | 8.79x | $-390.00K |
| 1991 | 16.67% | 6.12% | 0.37x | 7.42x | $240.00K |
| 1992 | 21.74% | 9.09% | 0.42x | 5.65x | $540.00K |
| 1993 | 20.97% | 11.30% | 0.45x | 4.08x | $680.00K |
| 1994 | 27.27% | 16.94% | 0.49x | 3.30x | $1.33 Million |
| 1995 | 24.27% | 18.66% | 0.45x | 2.89x | $1.47 Million |
| 1996 | 22.56% | 43.02% | 0.24x | 2.19x | $2.06 Million |
| 1997 | 20.19% | 26.92% | 0.36x | 2.10x | $2.12 Million |
| 1998 | 18.10% | 24.42% | 0.34x | 2.16x | $1.88 Million |
| 1999 | 21.50% | 24.34% | 0.32x | 2.74x | $2.46 Million |
| 2000 | 22.72% | 27.84% | 0.30x | 2.76x | $2.91 Million |
| 2001 | 19.85% | 23.07% | 0.30x | 2.87x | $2.75 Million |
| 2002 | 21.90% | 22.13% | 0.33x | 2.99x | $3.54 Million |
| 2003 | 20.79% | 24.05% | 0.36x | 2.41x | $4.22 Million |
| 2004 | 16.81% | 23.87% | 0.33x | 2.11x | $3.32 Million |
| 2005 | 12.75% | 17.77% | 0.34x | 2.09x | $1.51 Million |
| 2006 | 10.13% | 13.70% | 0.37x | 2.01x | $76.24K |
| 2007 | 4.88% | 6.78% | 0.28x | 2.53x | $-2.77 Million |
| 2008 | 3.41% | 4.17% | 0.27x | 3.08x | $-2.95 Million |
| 2009 | 6.59% | 11.52% | 0.22x | 2.64x | $-1.91 Million |
| 2010 | 9.27% | 19.61% | 0.18x | 2.62x | $-523.86K |
| 2011 | 3.49% | 9.40% | 0.18x | 2.12x | $-6.89 Million |
| 2012 | 3.70% | 13.83% | 0.16x | 1.72x | $-11.02 Million |
| 2013 | 3.06% | 9.38% | 0.15x | 2.14x | $-13.22 Million |
| 2014 | 2.03% | 5.93% | 0.15x | 2.29x | $-16.64 Million |
| 2015 | 0.87% | 2.63% | 0.13x | 2.45x | $-22.48 Million |
| 2016 | 3.64% | 11.63% | 0.15x | 2.15x | $-20.17 Million |
| 2017 | 3.01% | 11.25% | 0.14x | 1.96x | $-29.45 Million |
| 2018 | -8.53% | -27.95% | 0.15x | 2.07x | $-78.69 Million |
| 2019 | 5.08% | 18.93% | 0.14x | 1.88x | $-26.88 Million |
| 2020 | 1.01% | 3.09% | 0.15x | 2.17x | $-45.13 Million |
| 2021 | 6.88% | 27.45% | 0.15x | 1.71x | $-23.13 Million |
| 2022 | -0.88% | -2.48% | 0.15x | 2.45x | $-59.75 Million |
| 2023 | 1.14% | 3.63% | 0.15x | 2.03x | $-62.46 Million |
| 2024 | 2.37% | 8.99% | 0.15x | 1.71x | $-69.77 Million |
Industry Comparison
This section compares UMH Properties Inc's net assets metrics with peer companies in the REIT - Residential industry.
Industry Context
- Industry: REIT - Residential
- Average net assets among peers: $1,567,460,600
- Average return on equity (ROE) among peers: 0.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| UMH Properties Inc (UMH) | $926.41 Million | -11.54% | 0.76x | $1.19 Billion |
| Apartment Investment and Management Co (AIV) | $1.90 Billion | 3.39% | 1.24x | $560.76 Million |
| American Homes 4 Rent (AMH) | $3.47 Million | -1.21% | 0.01x | $9.13 Billion |
| Altarea SCA (ATRRF) | $807.10 Million | -58.59% | 3.65x | $599.60 Million |
| AvalonBay Communities Inc (AVB) | $10.99 Billion | 7.15% | 0.74x | $22.59 Billion |
| Bluerock Homes Trust Inc. (BHM) | $461.97 Million | 7.43% | 0.17x | $26.77 Million |
| Boardwalk Real Estate Investment Trust (BOWFF) | $8.10 Million | 4.94% | 13.70x | $1.81 Billion |
| BRT Realty Trust (BRT) | $132.06 Million | 9.09% | 0.50x | $165.50 Million |
| BSR Real Estate Investment Trust (BSRTF) | $975.75 Million | 23.29% | 1.11x | $404.42 Million |
| Canadian Apartment Properties REIT (CDPYF) | $204.11 Million | 8.76% | 1.59x | $4.34 Billion |
| Clipper Realty Inc (CLPR) | $185.59 Million | -1.27% | 4.67x | $39.85 Million |