Filing Flows › UMH Properties (UMH) › Q3 2025
UMH Properties (UMH) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
UMH Properties (UMH) reported revenue of $66.9M for the third quarter 2025 (Q3 2025), +10% from a year earlier and +0.4% from the quarter before. Operating margin was 13.9%, net earnings $4.2M (6.3% of revenue).
UMH Properties, Q3 2025: revenue $66.9M (+10% year over year), operating margin 13.9%, net earnings $4.2M, operating cash flow $23.4M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $66.9M | +0.4% | +10% |
| Operating profit | $9.3M | +22% | -28% |
| Net earnings | $4.2M | +66% | -49% |
| Operating cash flow | $23.4M | -4% | +40% |
What changed
Revenue was $66.9M in Q3 2025, up 10% year over year and roughly flat from the previous quarter.
Operating profit was $9.3M, a 13.9% margin (down 7.4 points year over year). Operating profit fell $3.6M even though revenue rose $6.2M versus a year earlier, so costs grew faster than sales. Total costs grew 21% against revenue growth of 10%. The fastest-growing cost line was Sales & marketing (+24%). Net earnings were $4.2M, down 49% year over year. The effective tax rate was 0.0%.
Operating cash flow was $23.4M (up 40% year over year), 253% of net income including minority interests. Non-cash charges added back $16.8M of depreciation and $701K of share-based compensation. Working capital and other items used $3.3M. Capital expenditures of $35.0M exceeded it, leaving free cash flow of −$11.5M.
Questions
What was UMH Properties' revenue in the third quarter 2025?
UMH Properties (UMH) reported revenue of $66.9M for the third quarter 2025 (Q3 2025), +10% from a year earlier and +0.4% from the quarter before.
Was UMH Properties profitable in the third quarter 2025?
Operating profit was $9.3M (13.9% of revenue) and net earnings $4.2M.
Source: UMH Properties 10-Q on SEC EDGAR.