Company

UMH Properties, Inc.

Ticker Symbol

UMH

UMH Properties, Inc. in Western PA

1x1’s (Roadshow)

City

Pittsburgh

Attending

Samuel A. Landy, CEO
Anna T. Chew, CFO

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Business Summary

UMH Properties, Inc. (UMH) is a real estate investment trust. The firm engages in the ownership and operation of manufactured home communities. It leases manufactured home spaces to private manufactured home owners, as well as leases homes to residents. The firm invests in the real estate markets of New York, New Jersey, Pennsylvania, Ohio, and Tennessee. In addition, it invests in debt and equity securities of REITs. United Mobile Homes was incorporated in 1968. The company was formerly known as United Mobile Homes, Inc. UMH Properties is based in Freehold, New Jersey.

Valuation Measures

Market Cap	246.75M
Enterprise Value	527.08M
Trailing P/E	N/A
Price/Sales (ttm)	3.33
Price/Book (mrq)	2.18
Enterprise Value/Revenue (ttm)	7.00
Enterprise Value/EBITDA (ttm)	20.28

Share Statistics

Avg Vol (3 month)	78,413
Avg Vol (10 day)	87,300
Shares Outstanding	26.25M
Float	23.68M
% Held by Insiders1	10.93%
% Held by Institutions1	32.10%
Shares Short (as of Nov 14, 2014)	43.00K
Return on Assets (ttm)	1.21%
Return on Equity (ttm)	1.53%
Fiscal Year Ends	Dec-15
Most Recent Quarter (mrq)	Jun-15

Estimates

Estimates	Current Year	Next Year
	Dec-15	Dec-15
Earnings Est	0.54	0.72
Revenue Est	79.74M	92.94M

Key Executives

0	Mr. Eugene W. Landy , 81
1	Founder and Chairman
2	Mr. Samuel A. Landy , 54
3	Chief Exec. Officer, Pres and Director
4	Ms. Anna T. Chew CPA, 56
5	Chief Financial Officer, Chief Accounting Officer, VP, Treasurer and Director
6	Mr. Craig Koster , 39
7	Gen. Counsel
8	Christine Lindsay ,
9	VP of Sales

Income statement (Annual)

Period Ending	29.09.2012	28.09.2013	27.09.2014
Total Revenue	46,828	62,205	71,432
Cost of Revenue	28,468	36,345	39,425
Gross Profit	18,360	25,860	32,007
Operating Expenses	-	-	-
Research Development	7,527	8,527	9,449
Selling General and Administrative	862	1,456	484
Non Recurring	7,357	11,682	15,163
Others	0	0	0
Total Operating Expenses	-	-	-
Operating Income or Loss	2,613	4,195	6,911
Income from Continuing Operations
Total Other Income/Expenses Net	9,664	9,491	7,522
Earnings Before Interest And Taxes	12,277	13,687	14,432
Interest Expense	5,803	7,850	10,194
Income Before Tax	6,474	5,837	4,238
Income Tax Expense	-	-	-
Minority Interest	-	-	-
Net Income From Continuing Ops	6,474	5,837	4,238
Non-recurring Events
Discontinued Operations	-	-	-
Extraordinary Items	-	-	-
Effect Of Accounting Changes	-	-	-
Other Items	-	-	-
Net Income	6,474	5,837	4,238
Preferred Stock And Other Adjustments	-4,725	-7,557	-7,557
Net Income Applicable To Common Shares	1,749	-1,720	-3,319

Income statement (Quarterly)

Period Ending	27.09.2014	27.12.2014	28.03.2015	27.06.2015
Total Revenue	18,555	18,879	18,344	19,553
Cost of Revenue	10,288	9,797	9,693	10,378
Gross Profit	8,267	9,082	8,651	9,175
Operating Expenses
Research Development	-	-	-	-
Selling General and Administrative	2,358	2,236	2,342	2,467
Non Recurring	191	7	106	188
Others	3,941	4,112	4,228	4,451
Total Operating Expenses	-	-	-	-
Operating Income or Loss	1,777	2,727	1,974	2,069
Income from Continuing Operations
Total Other Income/Expenses Net	1,615	1,529	1,556	1,373
Earnings Before Interest And Taxes	3,393	4,256	3,530	3,442
Interest Expense	2,764	2,692	2,812	3,238
Income Before Tax	629	1,564	719	204
Income Tax Expense	-	-	-	-
Minority Interest	-	-	-	-
Net Income From Continuing Ops	629	1,564	719	204
Non-recurring Events
Discontinued Operations	-	-	-	-
Extraordinary Items	-	-	-	-
Effect Of Accounting Changes	-	-	-	-
Other Items	-	-	-	-
Net Income	629	1,564	719	204
Preferred Stock And Other Adjustments	-1,889	-1,889	-1,889	-1,889
Net Income Applicable To Common Shares	-1,260	-326	-1,171	-1,685

Peer Comparison

	AAPL	BBRY	GOOG	HPQ	Industry
Market Cap	246.75M	4.87B	3.63B	N/A	964.21M
Employees	260	3,900	1,525	75	91
Qtrly Rev Growth (yoy)	8.0%	7.0%	40.0%	N/A	11.0%
Revenue (ttm)	75.33M	791.26M	559.27M	29.90M1	120.89M
Gross Margin (ttm)	47.0%	52.0%	56.0%	N/A	77.0%
EBITDA (ttm)	26.00M	367.02M	259.90M	N/A	76.86M
Operating Margin (ttm)	12.0%	32.0%	19.0%	N/A	50.0%
Net Income (ttm)	-4.44M	114.12M	28.69M	N/A	N/A
EPS (ttm)	-0.18	1.35	0.59	N/A	0.63
P/E (ttm)	N/A	42.74	114.90	N/A	12.74
PEG (5 yr expected)	1.21	3.52	3.58	N/A	2.88
P/S (ttm)	3.33	6.12	6.50	N/A	6.13

Upcoming Events

Date	Event
Nov 2 - Nov 6, 2015 (Est.)	Earnings announcement

Recent Events

Date	Event
8/21/2015	UMH PROPERTIES, INC. Files SEC form 8-K, Regulation FD Disclosure
8/12/2015	Ex-Date for dividend payment of $0.18
8/6/2015	UMH PROPERTIES, INC. Files SEC form 8-K, Regulation FD Disclosure, Financial Statements and Exhibits
8/6/2015	UMH PROPERTIES, INC. Files SEC form 10-Q, Quarterly Report
7/1/2015	UMH PROPERTIES, INC. Files SEC form 8-K, Regulation FD Disclosure
6/30/2015	UMH PROPERTIES, INC. Files SEC form 8-K, Change in Directors or Principal Officers
6/19/2015	UMH PROPERTIES, INC. Files SEC form 8-K, Submission of Matters to a Vote of Security Holders
6/10/2015	UMH PROPERTIES, INC. Files SEC form 8-K, Regulation FD Disclosure

Major Direct Holders

Major Direct Holders	Shares	Reported
LANDY EUGENE W	610,443	Sep-15
LANDY SAMUEL A	387,282	Sep-15
LANDY MICHAEL P	219,916	Sep-15
CHEW ANNA T	186,125	Sep-15
MITCHELL JAMES E	140,213	Sep-15

Top Institutional Holders

Top Institutional Holders	Shares	% Out	Value*	Reported
Wells Fargo & Company	1,667,353	6.53	16,340,059	Jun-15
Rutabaga Capital Management, LLC	1,461,237	5.73	14,320,122	Jun-15
BlackRock Institutional Trust Company, N.A.	924,832	3.62	9,063,353	Jun-15
Boulegeris Investments, Inc.	919,067	3.60	9,006,856	Jun-15
Robotti, Robert E.	714,034	2.80	6,997,533	Jun-15
BlackRock Fund Advisors	583,444	2.29	5,717,751	Jun-15
Vanguard Group, Inc. (The)	567,288	2.22	5,559,422	Jun-15
Renaissance Technologies, LLC	309,248	1.21	3,030,630	Jun-15
State Street Corporation	277,178	1.09	2,716,344	Jun-15
Northern Trust Corporation	241,538	0.95	2,367,072	Jun-15

Balance sheet (Annual)

Period Ending	29.09.2012	28.09.2013	27.09.2014
Cash And Cash Equivalents	11,036	7,615	8,083
Short Term Investments	-	-	-
Net Receivables	22,714	26,020	24,719
Inventory	11,855	13,786	12,307
Other Current Assets	-	-	-
Total Current Assets	-	-	-
Long Term Investments	57,325	59,255	63,556
Property Plant and Equipment	189,715	292,300	360,884
Goodwill	-	-	-
Intangible Assets	-	-	-
Accumulated Amortization	-	-	-
Other Assets	6,162	6,876	6,491
Deferred Long Term Asset Charges	1,473	2,128	2,229

Total Assets	300,281	407,980	478,269

Liabilities
Current Liabilities
Accounts Payable	4,680	5,482	6,582
Short/Current Long Term Debt	1,303	2,154	2,750
Other Current Liabilities	-	-	-
Total Current Liabilities	-	-	-
Long Term Debt	119,313	209,759	260,110
Other Liabilities	-	-	-
Deferred Long Term Liability Charges	-	-	-
Minority Interest	-	-	-
Negative Goodwill	-	-	-

Total Liabilities	125,296	217,394	269,442

Stockholders' Equity
Misc Stocks Options Warrants	-	-	-
Redeemable Preferred Stock	91,595	91,595	91,595
Preferred Stock	91,595	91,595	91,595
Common Stock	1,711	2,077	2,437
Retained Earnings	-668	-668	-668
Treasury Stock	-	-	-
Capital Surplus	76,111	96,505	110,422
Other Stockholder Equity	6,236	1,077	5,040
Total Stockholder Equity	174,985	190,586	208,827

Net Tangible Assets	174,985	190,586	208,827

Balance sheet (Quarterly)

Period Ending	27.09.2014	27.12.2014	28.03.2015	27.06.2015
Cash And Cash Equivalents	65,024	8,083	78,994	72,379
Short Term Investments	-	-	-	-
Net Receivables	24,625	24,719	21,380	20,228
Inventory	15,619	12,307	10,565	14,117
Other Current Assets	-	-	-	-
Total Current Assets	-	-	-	-
Long Term Investments	-	63,556	-	-
Property Plant and Equipment	351,630	360,884	367,165	384,839
Goodwill	-	-	-	-
Intangible Assets	-	-	-	-
Accumulated Amortization	-	-	-	-
Other Assets	7,019	6,491	9,976	11,274
Deferred Long Term Asset Charges	2,184	2,229	3,242	3,174

Total Assets	466,102	478,269	491,321	506,012

Liabilities
Current Liabilities
Accounts Payable	6,208	6,582	6,954	8,150
Short/Current Long Term Debt	2,682	2,750	2,861	3,069
Other Current Liabilities	-	-	-	-
Total Current Liabilities	-	-	-	-
Long Term Debt	256,210	260,110	269,594	289,248
Other Liabilities	-	-	-	-
Deferred Long Term Liability Charges	-	-	-	-
Minority Interest	-	-	-	-
Negative Goodwill	-	-	-	-

Total Liabilities	265,099	269,442	279,409	300,467

Stockholders' Equity
Misc Stocks Options Warrants	-	-	-	-
Redeemable Preferred Stock	91,595	91,595	91,595	91,595
Preferred Stock	91,595	91,595	91,595	91,595
Common Stock	2,329	2,437	2,530	2,603
Retained Earnings	-668	-668	-668	-668
Treasury Stock	-	-	-	-
Capital Surplus	105,173	110,422	113,079	113,852
Other Stockholder Equity	2,574	5,040	5,377	-1,837
Total Stockholder Equity	201,003	208,827	211,912	205,545

Net Tangible Assets	201,003	208,827	211,912	205,545

Address

company	Juniper Business Plaza
address	3499 Route 9 North
city_state_zip	Freehold, NJ 07728
phone	732-577-9997

Business Summary
Valuation Measures
Share Statistics
Estimates
Key Executives
Income statement (Annual)
Income statement (Quarterly)
Peer Comparison
Upcoming Events
Recent Events
Major Direct Holders
Top Institutional Holders
Balance sheet (Annual)
Balance sheet (Quarterly)

Company

Ticker Symbol

UMH Properties, Inc. in Western PA

1x1’s (Roadshow)

City

Attending

Posted By

Agenda

Location

Contact Person

Please Sign In Or Sign Up To Get Access.

This Meeting Has Been Viewed 2438 Times

Available Time Slots in Pittsburgh PA

Business Summary

Valuation Measures

Share Statistics

Estimates

Key Executives

Income statement (Annual)

Income statement (Quarterly)

Peer Comparison

Upcoming Events

Recent Events

Major Direct Holders

Top Institutional Holders

Balance sheet (Annual)

Balance sheet (Quarterly)

Address

Business Summary

Please Sign In Or Sign Up
To Get Access.