Filing Flows › UMH Properties (UMH) › Q4 2025
UMH Properties (UMH) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 25, 2026
UMH Properties (UMH) reported revenue of $67.0M for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +0.1% from the quarter before. Operating margin was 6.8%, net earnings $4.6M (6.8% of revenue).
UMH Properties, Q4 2025: revenue $67.0M (+8% year over year), operating margin 6.8%, net earnings $4.6M, operating cash flow $21.3M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $67.0M | +0.1% | +8% |
| Operating profit | $4.6M | -51% | -8% |
| Net earnings | $4.6M | -51% | -8% |
| Operating cash flow | $21.3M | -9% | -22% |
What changed
Revenue was $67.0M in Q4 2025, up 8% year over year and roughly flat from the previous quarter.
Operating profit was $4.6M, a 6.8% margin (down 1.2 points year over year). Operating profit fell $405K even though revenue rose $5.1M versus a year earlier, so costs grew faster than sales. Total costs grew 10% against revenue growth of 8%. The fastest-growing cost line was Other operating costs (+14%). Net earnings were −$506K. The effective tax rate was 0.0%.
Operating cash flow was $21.3M (down 22% year over year), 466% of net income including minority interests. Non-cash charges added back $17.3M of depreciation and $1.0M of share-based compensation. Working capital and other items used $1.6M. Capital expenditures of $28.9M exceeded it, leaving free cash flow of −$7.6M.
Questions
What was UMH Properties' revenue in the fourth quarter 2025?
UMH Properties (UMH) reported revenue of $67.0M for the fourth quarter 2025 (Q4 2025), +8% from a year earlier and +0.1% from the quarter before.
Was UMH Properties profitable in the fourth quarter 2025?
Operating profit was $4.6M (6.8% of revenue) and net earnings $4.6M.
Source: UMH Properties 10-K on SEC EDGAR.