← UMH PROPERTIES, INC.

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income From Continuing Operations — — — — — — ($5.0m) $7.9m $21.4m $26.3m
Net Income (Loss) Attributable to Parent $11.5m $12.7m ($36.2m) $27.8m $5.1m $51.1m ($4.9m) $8.0m $21.6m $26.5m
Net Income (Loss) Available to Common Stockholders, Basic ($2.6m) ($7.7m) ($56.5m) $2.6m ($29.8m) $21.2m ($36.3m) ($8.7m) $2.5m $6.0m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — — $5.1m $51.1m ($5.0m) $7.9m $21.4m $26.3m
Net Income (Loss) Attributable to Noncontrolling Interest — — — — — — ($118k) ($158k) ($194k) ($224k)
Amortization of Debt Issuance Costs $733k $661k $625k $758k $1.0m $1.0m $2.0m $2.1m $2.4m $3.0m
Depreciation $23.2m $27.6m $31.7m $36.8m $41.7m $45.1m $48.8m $55.7m $60.2m $66.6m
Depreciation Amortization Depletion — — — — — — $48.8m $55.7m $60.2m $66.6m
Share-based Payment Arrangement, Noncash Expense $1.1m $1.3m $1.6m $1.9m $1.3m $3.4m $5.0m $4.9m $4.8m $5.4m
Marketable Securities, Gain (Loss), Excluding Other-than-temporary Impairment Loss — — — — — — — $183k ($3.8m) $221k
Operating Lease, Lease Income — — — — — $159.0m $170.4m $189.7m $207.0m $226.7m
Earnings (Loss)es From Equity Investments — — — — — — $756k $1.0m $895k $816k
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Inventories $3.1m $145k $6.1m $8.3m ($6.5m) ($1.8m) $64.8m ($55.5m) $2.0m $7.4m
Increase (Decrease) in Accounts Payable $146k ($1k) $913k $699k ($182k) ($116k) $2.1m ($281k) $1.9m ($2.3m)
Payments of Financing Costs $668k $641k $749k $752k $4.7m $167k $6.6m $1.7m $645k $8.5m
General and Administrative Expense $8.0m $9.6m $10.9m $10.0m $11.1m $14.1m $19.0m $19.7m $21.8m $21.5m
Marketable Securities, Unrealized Gain (Loss) — — — — — — — — ($3.8m) ($221k)
Nonoperating Income (Expense) ($4.4m) ($3.3m) ($54.7m) $7.9m ($23.0m) $17.3m ($34.3m) ($28.3m) ($20.9m) ($21.5m)
Operating Expenses $83.3m $96.6m $111.0m $126.6m $135.3m $152.2m $166.3m $184.8m $198.1m $213.9m
Proceeds from Stock Options Exercised $2.5m $5.4m $1.4m $2.6m $659k $8.6m $4.2m $734k $2.9m $535k
Revenue from Contract with Customer, Including Assessed Tax — — $15.8m $18.0m $20.3m $27.1m $25.3m $31.2m $33.5m $35.0m
Stock or Unit Option Plan Expense $464k $929k $1.1m $1.2m $396k $325k $1.3m $1.8m $2.0m $2.4m
Beginning Cash Position — — — — — — $125.0m $40.9m $64.4m $108.8m
Cash Flow From Continuing Financing Activities — — — — — — $48.0m $69.1m $102.6m $99.3m
Cash Flow From Continuing Investing Activities — — — — — — ($124.9m) ($165.6m) ($139.9m) ($209.2m)
Change In Account Payable — — — — — — $2.1m ($281k) $1.9m ($2.3m)
Change In Accrued Expense — — — — — — ($310k) ($1.7m) ($26k) ($976k)
Change In Inventory — — — — — — ($64.8m) $55.5m ($2.0m) ($7.4m)
Change In Other Current Liabilities — — — — — — $565k $1.1m $484k $808k
Change In Payable — — — — — — $2.1m ($281k) $1.9m ($2.3m)
Change In Payables And Accrued Expense — — — — — — $1.8m ($2.0m) $1.8m ($3.3m)
Change In Prepaid Assets — — — — — — ($636k) $4.3m ($558k) $218k
Change In Receivables — — — — — — ($12.7m) ($15.9m) ($12.7m) ($14.5m)
Change In Working Capital — — — — — — ($75.8m) $43.0m ($12.9m) ($24.2m)
Changes In Cash — — — — — — ($84.2m) $23.6m $44.4m ($27.9m)
End Cash Position — — — — — — $40.9m $64.4m $108.8m $80.9m
Financing Cash Flow — — — — — — $48.0m $69.1m $102.6m $99.3m
Free Cash Flow — — — — — — ($7.2m) $120.1m $81.6m $82.0m
Gain Loss On Investment Securities — — — — — — ($6.2m) ($183k) $3.9m $285k
Investing Cash Flow — — — — — — ($124.9m) ($165.6m) ($139.9m) ($209.2m)
Issuance Of Capital Stock — — — — — — $114.9m $207.9m $255.6m $51.9m
Net Business Purchase And Sale — — — — — — ($75.8m) ($11.1m) ($4.5m) ($46.3m)
Net Preferred Stock Issuance — — — — — — ($238.0m) $55.7m $28.0m $2.0m
Operating Gains Losses — — — — — — ($5.5m) $843k $4.8m $1.1m
Other Non Cash Items — — — — — — $2.0m $2.1m $2.4m $3.0m
Preferred Stock Issuance — — — — — — $9.1m $55.7m $28.0m $2.0m
Preferred Stock Payments — — — — — $0 ($247.1m) $0 $0 —
Proceeds From Stock Option Exercised — — — — — — $4.2m $734k $2.9m $535k
Provisionand Write Offof Assets — — — — — — $1.5m $2.1m $2.1m $1.6m
Purchase Of Business — — — — — — ($75.8m) ($11.1m) ($4.5m) ($46.3m)
Repurchase Of Capital Stock — — — — — — ($247.1m) $0 $0 ($4.8m)
Stock Based Compensation — — — — — — $5.0m $4.9m $4.8m $5.4m
Unrealized Gain Loss On Investment Securities — — — — — — $21.8m $3.6m ($1.2m) $2.3m
Net Cash Provided by (Used in) Operating Activities $29.4m $41.3m $40.2m $38.5m $69.0m $65.2m ($8.0m) $120.1m $81.6m $82.0m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment — — — — — — — $12.5m — —
Net Investment Properties Purchase And Sale — — — — — — ($105.2m) ($158.7m) ($135.4m) ($168.6m)
Net Investment Purchase And Sale — — — — — — $56.1m $4.3m $12k $5.6m
Purchase Of Investment — — — — — — ($19k) ($23k) ($24k) ($27k)
Purchase Of Investment Properties — — — — — — ($108.3m) ($161.8m) ($140.7m) ($172.6m)
Gains (Losses) on Sales of Investment Real Estate ($2k) ($81k) ($131k) ($111k) ($216k) ($170k) ($169k) $0 ($113k) ($64k)
Sale Of Investment — — — — — — $56.1m $4.3m $36k $5.7m
Sale Of Investment Properties — — — — — — $3.1m $3.0m $5.3m $4.1m
Net Cash Provided by (Used in) Investing Activities ($77.6m) ($152.9m) ($137.6m) ($122.3m) ($103.8m) ($94.4m) ($124.1m) ($165.6m) ($139.9m) ($209.2m)
Cash flows from financing activities:
Issuance Of Debt — — — — — — $162.5m $57.7m $0 $273.5m
Long Term Debt Issuance — — — — — — $162.5m $57.7m $0 $273.5m
Net Issuance Payments Of Debt — — — — — — $245.5m ($72.1m) ($77.0m) $152.0m
Net Long Term Debt Issuance — — — — — — $138.2m ($12.6m) ($11.9m) $153.1m
Net Short Term Debt Issuance — — — — — — $107.3m ($59.5m) ($65.2m) ($1.0m)
Long Term Debt Payments — — — — — — ($24.3m) ($70.3m) ($11.9m) ($120.4m)
Repayment Of Debt — — — — — — ($24.3m) ($70.3m) ($11.9m) ($120.4m)
Proceeds from Issuance of Common Stock $20.0m $57.5m $30.0m $23.8m $6.0m $6.3m $5.0m $6.4m $7.0m $5.8m
Common Stock Issuance — — — — — — $105.8m $152.2m $227.6m $49.9m
Net Common Stock Issuance — — — — — — $105.8m $152.2m $227.6m $45.1m
Payments for Repurchase of Common Stock — — — $237k $1.8m $0 $0 — — $4.8m
Payments of Ordinary Dividends, Common Stock $17.6m $20.8m $21.5m $21.1m $26.7m $31.5m $40.6m $49.1m $59.1m $71.2m
Common Stock Payments — — — — — — $0 $0 $0 ($4.8m)
Cash Dividends Paid — — — — — — ($65.2m) ($65.8m) ($78.2m) ($91.8m)
Common Stock Dividend Paid — — — — — — ($40.6m) ($49.1m) ($59.1m) ($71.2m)
Preferred Stock Dividend Paid — — — — — — ($24.6m) ($16.7m) ($19.2m) ($20.5m)
Net Other Financing Charges — — — — — — ($4.2m) ($1.7m) ($645k) ($8.5m)
Net Cash Provided by (Used in) Financing Activities $45.9m $130.6m $82.3m $90.1m $44.3m $125.6m $48.0m $69.1m $102.6m $99.3m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — ($15.1m) $6.2m $9.6m $96.4m ($84.2m) $23.6m $44.4m ($27.9m)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents — — $12.8m — — — — — — —
Supplemental disclosure of cash flow information:
Change In Cash Supplemental As Reported — — — — — — ($84.2m) $23.6m $44.4m ($27.9m)
Interest Paid, Excluding Capitalized Interest, Operating Activities — — — — — $19.7m $27.0m $35.5m $30.7m $31.9m

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.