Filing Flows › UMH Properties (UMH) › Q1 2026
UMH Properties (UMH) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
UMH Properties (UMH) reported revenue of $65.8M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -2% from the quarter before. Operating margin was 11.7%, net earnings $2.6M (3.9% of revenue).
UMH Properties, Q1 2026: revenue $65.8M (+8% year over year), operating margin 11.7%, net earnings $2.6M, operating cash flow $20.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $65.8M | -2% | +8% |
| Operating profit | $7.7M | +68% | +60% |
| Net earnings | $2.6M | — | — |
| Operating cash flow | $20.8M | -2% | +63% |
What changed
Revenue was $65.8M in Q1 2026, up 8% year over year and down 2% from the previous quarter.
Operating profit was $7.7M, a 11.7% margin (up 3.8 points year over year). Of the extra revenue versus Q1 2025, 62% reached operating profit, above the 8% margin then. Total costs grew 3% against revenue growth of 8%. The fastest-growing cost line was Sales & marketing (+16%). Net earnings were $2.6M. The effective tax rate was 0.0%.
Operating cash flow was $20.8M (up 63% year over year), 271% of net income including minority interests. Non-cash charges added back $18.0M of depreciation and $1.2M of share-based compensation. Working capital and other items used $6.0M. Capital expenditures of $24.4M exceeded it, leaving free cash flow of −$3.5M.
Questions
What was UMH Properties' revenue in the first quarter 2026?
UMH Properties (UMH) reported revenue of $65.8M for the first quarter 2026 (Q1 2026), +8% from a year earlier and -2% from the quarter before.
Was UMH Properties profitable in the first quarter 2026?
Operating profit was $7.7M (11.7% of revenue) and net earnings $2.6M.
Source: UMH Properties 10-Q on SEC EDGAR.