Per Share Value for UMH Falls from Last Year

MarketWatch reports Freehold, New Jersey-based UMH Properties, Inc., released its performance results for the nine months ending Sept. 30, 2011. Funds from Operations (FFO) amounted to $6,529,000, $.45 per share, as compared to $.62 per share on FFO of $7,813,000 for the same nine months of 2010. Net income attributable to common shareholders amounted to $2,187,000 or $.15 per share for the nine months ended September 30, 2011. For the same period 2010 it was $4,555,000 or $.36 per share. The total revenue figure for the nine months ending Sept. 30, 2011 was $28,287,000, an increase over the $24,494,000 for the nine months ending Sept. 30, 2010. The 22nd annual Allen Report ranks UMH the 25th largest LLC with 7,222 homesites and 30 communities.

(Graphic credit: UMH)


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