UMH Properties (UMH) Tops Q2 EPS by 28c

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Go back to UMH Properties (UMH) Tops Q2 EPS by 28c

UMH PROPERTIES, INC. REPORTS RESULTS FOR THE SECOND QUARTER ENDED JUNE 30, 2020

August 5, 2020 4:31 PM EDT

FREEHOLD, NJ, Aug. 05, 2020 (GLOBE NEWSWIRE) -- UMH Properties, Inc. (NYSE: UMH) reported Total Income for the quarter ended June 30, 2020 of $40.1 million as compared to $37.2 million for the quarter ended June 30, 2019, representing an increase of 8%. Net Income Attributable to Common Shareholders amounted to $10.2 million or $0.25 per diluted share for the quarter ended June 30, 2020 as compared to a Net Loss of $5.5 million or $0.15 per diluted share for the quarter ended June 30, 2019. This increase was due to the change in fair value of our marketable securities. During the quarter, the securities portfolio... More