UMH Properties, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $26.3M | $21.4M | $7.9M | $-5.0M | $51.1M | $5.1M | $27.8M | $-36.2M |
| Depreciation & Amortization | — | — | — | — | — | — | — | — |
| Depreciation | $66.6M | $60.2M | $55.7M | $48.8M | $45.1M | $41.7M | $36.8M | $31.7M |
| Amortization | — | — | — | — | — | — | — | — |
| Stock-Based Compensation | $5.4M | $4.8M | $4.9M | $5.0M | $3.4M | $1.3M | $1.9M | $1.6M |
| Net Cash from Operating Activities | $82.0M | $81.6M | $120.1M | $-7.2M | $65.2M | $66.8M | $38.5M | $40.2M |
| Investing Activities | ||||||||
| Capital Expenditures | $114.4M | $92.1M | $123.9M | $81.1M | $59.3M | $76.8M | $64.5M | — |
| Business Acquisitions | — | — | — | — | — | — | — | — |
| Net Cash from Investing Activities | $-209.2M | $-139.9M | $-165.6M | $-124.9M | $-94.4M | $-103.8M | $-122.4M | $-137.6M |
| Financing Activities | ||||||||
| Dividends Paid | $71.2M | $59.1M | $49.1M | $40.6M | $31.5M | $26.7M | $21.1M | $21.5M |
| Stock Repurchases | $4.8M | $0 | $0 | $0 | $0 | $1.8M | $237.0K | $0 |
| Net Cash from Financing Activities | $99.3M | $102.6M | $69.1M | $48.0M | $125.6M | $46.5M | $90.1M | $82.3M |
| Net Change in Cash | $-27.9M | $44.4M | $23.6M | $-84.2M | $96.4M | $9.6M | $6.2M | $-15.1M |
| Free Cash Flow | $-32.4M | $-10.5M | $-3.8M | $-88.3M | $5.9M | $-9.9M | $-26.0M | — |