UMH: Q4 Earnings Snapshot

Associated Press Finance
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FREEHOLD, N.J. (AP) — FREEHOLD, N.J. (AP) — UMH Properties Inc. (UMH) on Wednesday reported a key measure of profitability in its fourth quarter.

The real estate investment trust, based in Freehold, New Jersey, said it had funds from operations of $15.4 million, or 23 cents per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $6.8 million, or 10 cents per share.

The real estate investment trust, based in Freehold, New Jersey, posted revenue of $57 million in the period.

For the year, the company reported funds from operations of $54.5 million. Revenue was reported as $220.9 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on UMH at https://www.zacks.com/ap/UMH

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