Here's What Key Metrics Tell Us About UMH (UMH) Q2 Earnings

Financial Performance - For the quarter ended June 2024, UMH Properties reported revenue of $60.33 million, reflecting a 9.1% increase year-over-year [1] - The earnings per share (EPS) was $0.23, a significant improvement from -$0.07 in the same quarter last year [1] - The reported revenue exceeded the Zacks Consensus Estimate of $59.84 million by 0.82% [1] - The company delivered an EPS surprise of 4.55%, with the consensus EPS estimate being $0.22 [1] Key Metrics - Sales of Manufactured Homes amounted to $8.83 million, surpassing the average estimate of $8.47 million by two analysts, representing a year-over-year change of 7.4% [3] - Rental and Related Income reached $51.49 million, slightly above the average estimate of $51.36 million based on two analysts, indicating a year-over-year increase of 9.4% [4] - The diluted net income per share was $0.01, compared to the average estimate of -$0.02 from three analysts [5] Stock Performance - Shares of UMH have returned 10.7% over the past month, contrasting with the Zacks S&P 500 composite's decline of 6.7% [5] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [5]