Independence Realty Trust vs UMH Properties
Independence Realty Trust is the larger business, with $658m of revenue in fiscal 2025 against $262m for UMH Properties (2.5 times as much). UMH Properties grew faster (8.8% against 2.8%). Independence Realty Trust kept more of each dollar of sales as profit: a net margin of 8.6% against 2.3%. UMH Properties carries less debt relative to equity (61.4% against 65.9%).
| Latest fiscal year | Independence Realty TrustIRT, 2025 | UMH PropertiesUMH, 2025 |
|---|---|---|
| Revenue | $658m | $262m |
| Revenue growth | 2.8% | 8.8% |
| Net income | $56.6m | $6.0m |
| Operating margin | — | — |
| Net margin | 8.6% | 2.3% |
| Return on equity | 1.6% | 0.7% |
| Free cash flow | $282m | −$32.4m |
| Cash | $23.6m | $72.1m |
| Total debt | $2.28bn | $556m |
| Debt to equity | 65.9% | 61.4% |
| Dividend per share | $0.67 | $0.89 |
| Dividend yield | 4.6% | 5.5% |
| Share buybacks | $30.0m | $4.8m |
| Employees | — | 540 |
| Market value | $3.51bn | $1.25bn |
| Price vs our value range | — | — |
| Moat score | 44 (Weak) | 14 (Weak) |
| Insider trades, 12 months | 0 buys, 12 sales | 17 buys, 1 sales |