UMH Properties (UMH) Reports Q1 Loss of $1.04

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Go back to UMH Properties (UMH) Reports Q1 Loss of $1.04

UMH PROPERTIES, INC. REPORTS RESULTS FOR THE FIRST QUARTER ENDED MARCH 31, 2020

May 7, 2020 4:31 PM EDT

FREEHOLD, NJ, May 07, 2020 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) reported Total Income for the quarter ended March 31, 2020 of $37.6 million as compared to $34.3 million for the quarter ended March 31, 2019, representing an increase of 10%. Net Loss Attributable to Common Shareholders amounted to $42.8 million or $1.04 per diluted share for the quarter ended March 31, 2020 as compared to Net Income of $5.9 million or $0.15 per diluted share for the quarter ended March 31, 2019. This decrease was due to the change in fair value of our marketable securities. During the quarter, the securities portfolio... More