UMH: Q1 Earnings Snapshot

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FREEHOLD, N.J. (AP) — FREEHOLD, N.J. (AP) — UMH Properties Inc. (UMH) on Thursday reported a key measure of profitability in its first quarter. The results met Wall Street expectations.

The real estate investment trust, based in Freehold, New Jersey, said it had funds from operations of $15 million, or 22 cents per share, in the period.

The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of 22 cents per share.

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 a loss of $6.3 million, or 9 cents per share.

The real estate investment trust, based in Freehold, New Jersey, posted revenue of $57.7 million in the period.

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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