Filing Flows

Filing Flows › Companies › UMH Properties › Cash flow

UMH Properties cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow−$17.0M in Q3 2026 · −$36.9M over twelve months

Operating cash flow$16.4M
Capital spending−$33.5M
Free cash flow−$17.0M
Cash / net income5.3×

Analysis

In Q3 2026, UMH Properties generated $16.4M of operating cash flow and spent $33.5M on capital projects, leaving free cash flow of −$17.0M. That is $5.5M less than in Q3 2025 (−$11.5M).

Over the twelve months to Sep 30, 2026, operating cash flow was $83.4M; the largest uses were capital spending ($120M), dividends ($72.5M), other investing ($58.0M); besides operations, cash came from net borrowing (+) / repaid (−) ($178M), shares issued ($6.8M); the cash balance rose by $4.9M.

Operating cash flow was $16.4M against net income of $3.1M — 5.3× profit, cash ran ahead of reported earnings. The largest differences: depreciation & amortization +$18.5M, inventory −$5.4M, prepaid and other assets −$2.6M.

Free cash flow

UMH Properties: free cash flow by quarterUMH Properties: free cash flow by quarter$2.7MQ4 2024−$7.9MQ1 2025−$5.4MQ2 2025−$11.5MQ3 2025−$7.6MQ4 2025−$3.5MQ1 2026−$8.7MQ2 2026−$17.0MQ3 2026
Operating cash flow less capital spending.
UMH Properties: operating cash flow against capital spendingUMH Properties: operating cash flow against capital spendingOperating cash flowCapital spending$27.3M$24.5MQ4 2024$12.8M$20.7MQ1 2025$24.4M$29.8MQ2 2025$23.4M$35.0MQ3 2025$21.3M$28.9MQ4 2025$20.8M$24.4MQ1 2026$24.8M$33.5MQ2 2026$16.4M$33.5MQ3 2026
Latest (Q3 2026): Operating cash flow $16.4M, Capital spending $33.5M.

Capital allocation, year by year

UMH Properties: where the cash came from (up) and went (down), by fiscal yearUMH Properties: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedAsset salesCapital spendingBuybacksDividendsFY2021: Operating cash flow $65.2MFY2021: Net borrowing −$60.0MFY2021: Shares issued $14.9MFY2021: Asset sales $2.9MFY2021: Capital spending −$59.3MFY2021: Dividends −$31.5M$82.9MFY2021FY2022: Operating cash flow −$7.2MFY2022: Net borrowing $143MFY2022: Shares issued $9.2MFY2022: Asset sales $3.1MFY2022: Capital spending −$81.1MFY2022: Dividends −$40.6M$155MFY2022FY2023: Operating cash flow $120MFY2023: Net borrowing −$72.1MFY2023: Shares issued $7.1MFY2023: Asset sales $3.0MFY2023: Capital spending −$124MFY2023: Dividends −$49.1M$130MFY2023FY2024: Operating cash flow $81.6MFY2024: Net borrowing −$77.0MFY2024: Shares issued $9.9MFY2024: Asset sales $5.3MFY2024: Capital spending −$92.1MFY2024: Dividends −$59.1M$96.8MFY2024FY2025: Operating cash flow $82.0MFY2025: Net borrowing $71.8MFY2025: Shares issued $6.3MFY2025: Asset sales $4.1MFY2025: Capital spending −$114MFY2025: Buybacks −$4.8MFY2025: Dividends −$71.2M$164MFY2025
Over these 5 years operating cash flow totalled $342M; the largest uses were capital spending ($471M) and dividends ($252M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$38.2M
Debtnone
Net cash$38.2M

UMH Properties's operations bring cash in ($83.4M over twelve months), and it spends more than that on capital projects: a gap of $36.9M funded from its $38.2M of cash and investments and from borrowing. That is a choice to invest, not a cash runway running down.

Where the cash came from and went

UMH Properties: sources (+) and uses (−) of cash, Q3 2026UMH Properties: sources (+) and uses (−) of cash, Q3 2026Net borrowing (+) / repaid (−)$60.2MCapital spending−$33.5MOther investing−$20.6MDividends−$18.1MOperating cash flow$16.4MCash drawn (+) / kept (−)−$8.5MShares issued$2.8MAsset & business sales$1.7MOther financing−$418K
UMH Properties: sources (+) and uses (−) of cash, TTM to Q3 2026UMH Properties: sources (+) and uses (−) of cash, TTM to Q3 2026Net borrowing (+) / repaid (−)$178MCapital spending−$120MOperating cash flow$83.4MDividends−$72.5MOther investing−$58.0MOther financing−$14.5MShares issued$6.8MAsset & business sales$5.1MCash drawn (+) / kept (−)−$4.9MReal estate bought−$2.6M

From profit to cash

UMH Properties: net income to operating cash flow, Q3 2026UMH Properties: net income to operating cash flow, Q3 2026Net income$3.1MDepreciation & amortization$18.5MStock-based pay$943KInventory−$5.4MPayables−$479KPrepaid and other assets−$2.6MOperating cash flow$16.4M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$16.4M−$33.5M−$18.1M$60.2M$2.8M−$8.5M−$17.0M
Q2 2026$24.8M−$33.5M−$18.3M$30.4M$1.3M$7.4M−$8.7M
Q1 2026$20.8M−$24.4M−$18.1M−$2.2M$1.4M$35.0M−$3.5M
Q4 2025$21.3M−$28.9M−$18.0M$89.1M$1.3M−$38.8M−$7.6M
Q3 2025$23.4M−$35.0M−$18.2M−$62.6M$1.4M$45.4M−$11.5M
Q2 2025$24.4M−$29.8M−$18.1M−$47.1M$1.5M−$41.0M−$5.4M
Q1 2025$12.8M−$20.7M−$16.9M−$9.0M$2.1M$62.3M−$7.9M
Q4 2024$27.3M−$24.5M−$16.1M−$784K$1.7M−$34.4M$2.7M

UMH Properties: income statement and cash flow

UMH Properties, Q3 2026: revenue $74.1M (+11% year over year), operating margin 4.2%. The chart follows the revenue to costs, profit and cash.

UMH Properties: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.