UMH Properties, Inc. cash flow statement

In fiscal 2025, UMH Properties, Inc.'s operations generated $82.0m of cash; it spent $114m on capital projects, leaving free cash flow of −$32.4m. It returned $71.2m in dividends and $4.8m through buybacks.

Cash flow statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

UMH Properties, Inc.: cash flow statement, annual
Fiscal year	2016Dec 2016	2017Dec 2017	2018Dec 2018	2019Dec 2019	2020Dec 2020	2021Dec 2021	2022Dec 2022	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMSept 2026
Cash from operations	29	41	40	39	67	65	−7	120	82	82	83
Depreciation and amortisation	23	28	32	37	42	45	49	56	60	67	72
Stock-based pay	1	1	2	2	1	3	5	5	5	5	5
Capital spending	58	62	53	65	77	59	81	124	92	114	120
Free cash flow	−29	−21	−13	−26	−10	6	−88	−4	−11	−32	−37
Free cash flow after stock pay	−30	−22	−14	−28	−11	2	−93	−9	−15	−38	−42
Dividends paid	18	21	22	21	27	32	41	49	59	71	73
Share buybacks	—	0	0	0	2	0	0	0	0	5	—
Shares issued	20	58	30	24	6	6	5	6	7	6	5

US$ millions unless shown otherwise. Fiscal quarters.

UMH Properties, Inc.: cash flow statement, quarterly
Quarter	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026	2026 Q3Sept 2026
Cash from operations	27	13	24	23	21	21	25	16
Depreciation and amortisation	16	17	16	17	17	18	18	19
Stock-based pay	1	2	3	1	1	1	1	1
Capital spending	25	21	30	35	29	24	34	33
Free cash flow	3	−8	−5	−12	−8	−4	−9	−17
Free cash flow after stock pay	2	−10	−9	−12	−9	−5	−10	−18
Shares issued	2	2	1	1	1	1	1	1

Free cash flow is cash from operations minus capital spending. Free cash flow after stock pay also subtracts stock-based compensation, a real cost to shareholders that the cash flow statement adds back. Dividends, buybacks and shares issued are cash amounts for the period.

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Figures from UMH Properties, Inc.'s SEC filings (10-K and 10-Q), retrieved November 2, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to UMH Properties, Inc.