UMH Properties Q1 EPS of $0.03 Beats Estimates as Revenue Grows 8%
UMH Properties delivered Q1 EPS of $0.03, beating the $0.01 consensus and reversing a year-ago loss. Revenue rose 8% year-over-year to $65.84 million, while FFO per share was $0.23, marking its first quarterly beat in four periods.
1. First-Quarter Earnings and Net Income
UMH reported Q1 EPS of $0.03, generating net income of $2.60 million compared with a $271,000 loss in the same period last year.
2. Revenue Growth Drives Expansion
Total revenue reached $65.84 million, up 8% from $61.20 million a year earlier and surpassing estimates of $59.35 million, reflecting stronger rental operations.
3. FFO Beat and Valuation Metrics
Funds from Operations per share came in at $0.23 versus estimates of $0.21, marking the first beat in four quarters; the REIT trades at a P/E of 61.07 and a P/S of 6.61.
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