Company profile

Ticker
UMH^D
Exchange
Website
CEO
Samuel A. Landy
Employees
Incorporated in
Location
Fiscal year end
Former names
United Mobile Homes Inc
SEC CIK
IRS number
221890929

UMH^D stock data

(
)

Calendar

7 May 20
7 Jul 20
31 Dec 20

News

Company financial data Financial data

Quarter (USD) Mar 20 Dec 19 Sep 19 Jun 19
Revenue 37.57M 37.75M 37.33M 37.23M
Net income -34.75M 3.53M 12.43M 748.7K
Diluted EPS -0.84 -0.08 0.14 -0.15
Net profit margin -92.48% 9.36% 33.31% 2.01%
Net change in cash 1.73M 1.79M 7.39M -3.62M
Cash on hand 14.63M 12.9M 11.11M 3.72M
Cost of revenue 2.4M 2.82M 3.27M 4.26M
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue 146.59M 129.59M 112.65M 99.21M
Net income 27.75M -36.22M 12.67M 11.53M
Diluted EPS 0.69 -0.98 0.39 -0.1
Net profit margin 18.93% -27.95% 11.25% 11.63%
Net change in cash 5.47M -15.81M 19.03M -2.32M
Cash on hand 12.9M 7.43M 23.24M 4.22M
Cost of revenue 12.94M 11.72M 8.47M 6.47M

Financial data from company earnings reports

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
15 Jun 20 Mitchell William Edward UMH Properties, Inc. Buy Aquire P No 12.125 412.371 5K 3,589.6
64.9% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 132 129 +2.3%
Opened positions 20 11 +81.8%
Closed positions 17 16 +6.3%
Increased positions 42 56 -25.0%
Reduced positions 39 32 +21.9%
13F shares
Current Prev Q Change
Total value 816.64M 1.07B -23.4%
Total shares 26.7M 26.55M +0.6%
Total puts 0 0
Total calls 12.8K 0 NEW
Total put/call ratio
Largest owners
Shares Value Change
Vanguard 3.89M $42.28M -0.2%
BLK BlackRock 2.84M $30.86M -0.5%
Russell Investments 2.46M $26.68M +21.3%
FMR 2.14M $23.22M -16.7%
AMP Ameriprise Financial 1.96M $21.29M +21.7%
Investment Counselors Of Maryland 1.33M $14.46M +1.1%
STT State Street 894.75K $9.72M +4.0%
RY Royal Bank of Canada 694.71K $7.54M -0.7%
D.a. Davidson & Co. 587.83K $6.38M -3.5%
Walthausen & Co. 563.69K $6.12M +29.3%
Largest transactions
Shares Bought/sold Change
Russell Investments 2.46M +431.63K +21.3%
FMR 2.14M -427.63K -16.7%
AMP Ameriprise Financial 1.96M +349.4K +21.7%
DSECF Daiwa Securities 213.98K +208.28K +3654.1%
MN Manning & Napier 0 -128.12K EXIT
Walthausen & Co. 563.69K +127.66K +29.3%
Rutabaga Capital Management 223.71K -114.7K -33.9%
Koshinski Asset Management 0 -100.4K EXIT
Schroder Investment Management 0 -71.92K EXIT
Anson Funds Management 0 -60.25K EXIT

Financial report summary

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Management Discussion
  • 2019 vs. 2018
  • Rental and related income increased from $113.8 million for the year ended December 31, 2018 to $128.6 million for the year ended December 31, 2019, or 13%. This increase was due to the acquisitions during 2018 and 2019, as well as an increase in rental rates, same property occupancy and additional rental homes. During 2019, the Company raised rental rates by 3% to 4% at most communities. Rent increases vary depending on overall market conditions and demand. Occupancy, as well as the ability to increase rental rates, directly affects revenues. The Company has been acquiring communities with vacant sites that can potentially be occupied and earn income in the future. Overall occupancy was 82.0% at December 31, 2019 and 2018, respectively. Overall occupancy includes communities acquired in 2019 and 2018, which had an average occupancy of 62% and 79%, respectively, at the time of acquisition. Same property occupancy has increased from 82.2% at December 31, 2018 to 83.8% at December 31, 2019. The same property occupancy rate is exclusive of the sites at Memphis Blues, which is under redevelopment due to a flood in 2011. Demand for rental homes continues to be strong. As of December 31, 2019, we had approximately 7,400 rental homes with an occupancy of 92.3%. We continue to evaluate the demand for rental homes and will invest in additional homes as demand dictates. Vacant sites allow for future revenue growth.
  • Community operating expenses increased from $52.9 million for the year ended December 31, 2018 to $61.7 million for the year ended December 31, 2019, or 17%. These increases were primarily due to an increase in water and sewer costs, tree removal, rental home expenses and payroll and personnel costs primarily from the acquisitions made during 2018 and 2019 and the increase in rental homes. In addition, we incurred emergency windstorm tree removal expenses totaling $179,000. Also included in Community Operating Expenses was a one-time settlement of $375,000 for a utility billing dispute over a prior 10-year period.
Content analysis ?
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Constraining
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