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UMH Properties (UMH) Q2 2025 earnings results (second quarter 2025)

10-Q filed Aug 6, 2025

UMH Properties (UMH) reported revenue of $66.6M for the second quarter 2025 (Q2 2025), +10% from a year earlier and +9% from the quarter before. Operating margin was 11.4%, net earnings $2.5M (3.8% of revenue).

Revenue$66.6M
Year over year+10%
Quarter over quarter+9%
Operating margin11.4%
Net earnings$2.5M

UMH Properties, Q2 2025: revenue $66.6M (+10% year over year), operating margin 11.4%, net earnings $2.5M, operating cash flow $24.4M. The chart follows the revenue to costs, profit and cash.

Q2 2025AmountQ/QY/Y
Revenue$66.6M+9%+10%
Operating profit$7.6M+58%+47%
Net earnings$2.5M—+380%
Operating cash flow$24.4M+91%+32%

What changed

Revenue was $66.6M in Q2 2025, up 10% year over year and up 9% from the previous quarter.

Operating profit was $7.6M, a 11.4% margin (up 2.8 points year over year). Of the extra revenue versus a year earlier, 38% reached operating profit, above the 9% margin then. Total costs grew 7% against revenue growth of 10%. The fastest-growing cost line was General & admin (+14%). Net earnings were $2.5M, up 380% year over year. The effective tax rate was 0.0%.

Operating cash flow was $24.4M (up 32% year over year), 321% of net income including minority interests. Non-cash charges added back $15.7M of depreciation and $1.8M of share-based compensation. Capital expenditures of $29.8M exceeded it, leaving free cash flow of −$5.4M.

Questions

What was UMH Properties' revenue in the second quarter 2025?

UMH Properties (UMH) reported revenue of $66.6M for the second quarter 2025 (Q2 2025), +10% from a year earlier and +9% from the quarter before.

Was UMH Properties profitable in the second quarter 2025?

Operating profit was $7.6M (11.4% of revenue) and net earnings $2.5M.

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Source: UMH Properties 10-Q on SEC EDGAR.