UMH Properties, Inc. (UMH) Balance Sheet
UMH balance sheet, 2025
December 31, 2025 · U.S. dollars$1.70B assets = $791.8M liabilities + $907.2M equity
Both columns are drawn to the same scale: what UMH owns equals what it owes plus shareholders’ equity. Hover a block for its value.
UMH financial health
Descriptive bands, not a rating. Fiscal 2025.
UMH balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $680.4M2016 | $1.70B2025 | +10.7%/yr | |
| Total liabilities | $363.4M2016 | $791.8M2025 | +9.0%/yr | |
| Shareholders’ equity | $317.0M2016 | $905.5M2025 | +12.4%/yr | |
| Cash & short-term investments | $113.0M2016 | $95.9M2025 | −1.8%/yr | |
| Total debt | $351.3M2016 | $761.2M2025 | +9.0%/yr | |
| Net cash (debt) | −$238.3M2016 | −$665.4M2025 | −$427.0M | |
| Working capital | $142.9M2016 | $223.0M2025 | +$80.1M | |
| Book value per share | $11.402016 | $10.602025 | −0.8%/yr | |
| Debt / equity | 1.112016 | 0.842025 | −0.27 | |
| Shares outstanding | 27.8M2016 | 85.4M2025 | +13.3%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
UMH assets
UMH liabilities and equity
UMH debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
UMH balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $95.9M | $131.6M | $91.8M | $72.0M | $229.9M | $118.5M | $129.1M | $107.0M | $156.2M | $113.0M |
| Cash & equivalents | $72.1M | $99.7M | $57.3M | $29.8M | $116.2M | $15.3M | $12.9M | $7.4M | $23.2M | $4.2M |
| Short-term investments | $23.8M | $31.9M | $34.5M | $42.2M | $113.7M | $103.2M | $116.2M | $99.6M | $133.0M | $108.8M |
| Receivables | $104.6M | $91.7M | $81.1M | $67.3M | $55.4M | $46.4M | $38.0M | $31.5M | $25.5M | $20.3M |
| Inventory | $42.4M | $35.0M | $32.9M | $88.5M | $23.7M | $25.4M | $32.0M | $23.7M | $17.6M | $17.4M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $242.8M | $258.3M | $205.8M | $227.7M | $308.9M | $190.4M | $199.1M | $162.2M | $199.2M | $150.7M |
| Property, plant & equipment (net) | $8.6M | $6.4M | $1.16B | $26.7M | $24.4M | $22.6M | $5.3M | $18.8M | $16.9M | $15.0M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $31.1M | $28.4M | $24.9M | $18.4M | $8.9M | $0 | $116.2M | $99.6M | $133.0M | $108.8M |
| Other non-current assets | $1.42B | $1.27B | $41.7M | $1.07B | $928.5M | $874.3M | $704.9M | $598.4M | $474.8M | $406.0M |
| Total assets | $1.70B | $1.56B | $1.43B | $1.34B | $1.27B | $1.09B | $1.03B | $879.0M | $823.9M | $680.4M |
| Liabilities | ||||||||||
| Accounts payable | $5.7M | $8.0M | $6.1M | $6.4M | $4.3M | $4.4M | $4.6M | $3.9M | $3.0M | $3.0M |
| Short-term debt | $54.4M | $120.7M | $460,000 | $153.1M | $499.3M | $558.5M | $76.2M | $108.0M | $84.7M | $58.3M |
| Deferred revenue | — | — | −$15.9M | −$153.1M | −$499.3M | −$558.5M | −$76.2M | — | −$84.9M | −$57.8M |
| Total current liabilities | $19.8M | $23.1M | $21.2M | $23.2M | $21.4M | $21.7M | $15.1M | $9.4M | $7.9M | $7.8M |
| Long-term debt | $761.2M | $614.7M | $690.0M | $761.7M | $452.6M | $469.3M | $373.7M | $331.1M | $304.9M | $293.0M |
| Other long-term liabilities | $10.8M | $10.0M | $9.5M | $8.5M | $54.7M | $94.4M | $90.3M | $113.8M | $89.8M | $62.6M |
| Total liabilities | $791.8M | $647.8M | $720.8M | $793.4M | $528.7M | $585.4M | $479.1M | $454.3M | $402.7M | $363.4M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $8.5M | $8.2M | $6.8M | $5.8M | $5.2M | $4.2M | $4.1M | $3.8M | $3.5M | $2.9M |
| Retained earnings (deficit) | −$25.4M | −$25.4M | −$25.4M | −$25.4M | −$25.4M | −$25.4M | −$25.4M | −$25.4M | −$667,793 | −$667,793 |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | — | — | $0 | $0 | $0 | $0 | $0 | $424.7M | $11.5M | $16.7M |
| Minority interest | $1.7M | $1.9M | $2.1M | $2.2M | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $905.5M | $914.0M | $704.7M | $551.2M | $742.1M | $501.8M | $546.3M | $424.7M | $421.2M | $317.0M |
| Key figures | ||||||||||
| Total debt | $761.2M | $614.7M | $690.0M | $914.8M | $951.9M | $1.03B | $457.3M | $439.1M | $389.6M | $351.3M |
| Net cash (debt) | −$665.4M | −$483.1M | −$598.2M | −$842.9M | −$722.0M | −$909.3M | −$328.3M | −$332.0M | −$233.4M | −$238.3M |
| Working capital | $223.0M | $235.2M | $184.6M | $204.5M | $287.5M | $168.7M | $183.9M | $152.9M | $191.3M | $142.9M |
| Tangible book value | $905.5M | $914.0M | $704.7M | $551.2M | $742.1M | $501.8M | $546.3M | $424.7M | $421.2M | $317.0M |
| Book value per share | $10.60 | $12.20 | $11.17 | $10.13 | $15.65 | $12.12 | $13.59 | $11.52 | $12.89 | $11.40 |
| Shares outstanding | 85.4M | 74.9M | 63.1M | 54.4M | 47.4M | 41.4M | 40.2M | 36.9M | 32.7M | 27.8M |
| Current ratio | 12.28 | 11.19 | 9.70 | 9.80 | 14.41 | 8.78 | 13.14 | 17.32 | 25.10 | 19.37 |
| Quick ratio | 10.13 | 9.68 | 8.15 | 5.99 | 13.31 | 7.61 | 11.03 | 14.79 | 22.88 | 17.13 |
| Debt / equity | 0.84 | 0.67 | 0.98 | 1.66 | 1.28 | 2.05 | 0.84 | 1.03 | 0.92 | 1.11 |
| Equity / assets | 53.3% | 58.5% | 49.4% | 41.0% | 58.4% | 46.2% | 53.3% | 48.3% | 51.1% | 46.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $58.3M | $63.8M | $95.9M | $65.8M | $109.4M | $65.5M | $131.6M | $100.9M | $68.1M | $69.0M | $91.8M | $66.3M |
| Cash & equivalents | $28.6M | $37.4M | $72.1M | $34.1M | $79.2M | $35.2M | $99.7M | $66.7M | $39.5M | $39.9M | $57.3M | $38.6M |
| Short-term investments | $29.7M | $26.4M | $23.8M | $31.7M | $30.2M | $30.3M | $31.9M | $34.2M | $28.7M | $29.1M | $34.5M | $27.6M |
| Receivables | $110.5M | $106.0M | $104.6M | $102.1M | $97.6M | $94.7M | $91.7M | $88.4M | $85.9M | $82.8M | $81.1M | $78.6M |
| Inventory | $41.7M | $44.4M | $42.4M | $35.7M | $38.7M | $41.0M | $35.0M | $31.4M | $32.0M | $29.2M | $32.9M | $39.0M |
| Other current assets | $36.6M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total current assets | $247.1M | $143.4M | $242.8M | $203.6M | $245.7M | $201.2M | $258.3M | $220.7M | $186.1M | $181.0M | $205.8M | $183.8M |
| Property, plant & equipment (net) | $1.39B | $36.7M | $8.6M | $23.7M | $23.0M | $31.8M | $6.4M | $30.8M | $30.1M | $29.6M | $5.9M | $28.2M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $31.4M | $31.3M | $31.1M | $30.3M | $29.6M | $29.0M | $28.4M | $26.7M | $26.2M | $24.9M | $24.9M | $23.3M |
| Other non-current assets | $43.8M | $1.48B | $1.42B | $1.37B | $1.33B | $1.29B | $1.27B | $1.22B | $1.20B | $1.18B | $1.19B | $1.16B |
| Total assets | $1.71B | $1.69B | $1.70B | $1.63B | $1.62B | $1.55B | $1.56B | $1.50B | $1.44B | $1.42B | $1.43B | $1.39B |
| Liabilities | ||||||||||||
| Accounts payable | $7.9M | $7.0M | $5.7M | $8.2M | $8.5M | $7.1M | $8.0M | $5.7M | $5.4M | $5.8M | $6.1M | $6.0M |
| Short-term debt | — | — | $54.4M | $0 | $2.8M | $0 | $0 | $0 | $230,000 | $3.2M | $460,000 | $3.4M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$3.2M | −$3.2M | −$15.9M | −$3.4M |
| Total current liabilities | $28.1M | $2.6M | $19.8M | $19.9M | $20.7M | $18.6M | $23.1M | $18.3M | $18.5M | $18.0M | $21.2M | $19.0M |
| Long-term debt | $789.5M | $759.9M | $761.2M | $672.5M | $659.2M | $606.3M | $614.7M | $614.9M | $668.9M | $671.6M | $690.0M | $686.6M |
| Other long-term liabilities | $0 | $29.1M | $10.8M | $10.7M | $10.5M | $10.2M | $10.0M | $9.9M | $9.9M | $9.7M | $9.5M | $9.5M |
| Total liabilities | $821.0M | $791.6M | $791.8M | $703.1M | $690.3M | $635.1M | $647.8M | $643.1M | $697.3M | $699.3M | $720.8M | $715.1M |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $8.5M | $8.5M | $8.5M | $8.5M | $8.5M | $8.3M | $8.2M | $7.9M | $7.3M | $7.0M | $6.8M | $6.6M |
| Retained earnings (deficit) | −$25.4M | −$25.4M | −$25.4M | −$25.4M | −$25.4M | −$25.4M | −$25.4M | −$25.4M | −$25.4M | −$25.4M | −$25.4M | −$25.4M |
| Accumulated other comprehensive income | — | — | — | — | — | — | — | −$306.8M | $0 | −$295.0M | −$290.2M | $0 |
| Minority interest | $1.5M | $1.6M | $1.7M | $1.7M | $1.8M | — | — | — | — | — | — | — |
| Total shareholders' equity | $890.4M | $894.4M | $905.5M | $924.7M | $932.0M | $912.4M | $914.0M | $856.5M | $742.0M | $715.1M | $704.7M | $675.6M |
| Key figures | ||||||||||||
| Total debt | $789.3M | $759.9M | $761.2M | $672.5M | $659.2M | $606.3M | $614.7M | $614.9M | $668.9M | $671.6M | $690.0M | $690.0M |
| Net cash (debt) | −$731.0M | −$696.0M | −$665.4M | −$606.7M | −$549.8M | −$540.8M | −$483.1M | −$514.1M | −$600.7M | −$602.6M | −$598.2M | −$623.8M |
| Working capital | $219.0M | $140.8M | $223.0M | $183.8M | $225.1M | $182.6M | $235.2M | $202.4M | $167.5M | $163.0M | $184.6M | $164.8M |
| Tangible book value | $890.4M | $894.4M | $905.5M | $924.7M | $932.0M | $912.4M | $914.0M | $856.5M | $742.0M | $715.1M | $704.7M | $675.6M |
| Book value per share | $10.40 | $10.48 | $10.65 | $10.82 | $10.99 | $10.95 | $11.25 | $11.19 | $10.32 | $10.28 | $10.49 | $10.38 |
| Shares outstanding | 85.6M | 85.4M | 85.1M | 85.5M | 84.8M | 83.3M | 81.2M | 76.6M | 71.9M | 69.5M | 67.2M | 65.1M |
| Current ratio | 8.80 | 55.15 | 12.28 | 10.26 | 11.90 | 10.81 | 11.19 | 12.07 | 10.04 | 10.07 | 9.70 | 9.67 |
| Quick ratio | 6.02 | 65.31 | 10.13 | 8.46 | 10.02 | 8.61 | 9.68 | 10.35 | 8.31 | 8.44 | 8.15 | 7.62 |
| Debt / equity | 0.89 | 0.85 | 0.84 | 0.73 | 0.71 | 0.66 | 0.67 | 0.72 | 0.90 | 0.94 | 0.98 | 1.02 |
| Equity / assets | 52.0% | 53.0% | 53.3% | 56.7% | 57.4% | 58.9% | 58.5% | 57.0% | 51.5% | 50.5% | 49.4% | 48.5% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 25, 2026); data from EODHD.
UMH financial position
At the end of fiscal 2025 (December 31, 2025), UMH Properties had total assets of $1.7 billion (up 8.7% from a year earlier), total liabilities of $791.8 million and shareholders' equity of $905.5 million. It held $95.9 million in cash and short-term investments against $761.2 million of debt, net debt of $665.4 million. Its current ratio was 12.28. In the latest quarter (ended June 30, 2026) total assets were $1.7 billion and equity $890.4 million.
Related: UMH income statement, UMH cash flow statement, UMH key metrics. See the UMH stock overview for the latest quote and news.
UMH balance sheet FAQ
What are UMH Properties's total assets?
UMH Properties reported total assets of $1.7 billion at the end of fiscal 2025 (December 31, 2025), compared with $1.6 billion a year earlier.
How much debt does UMH Properties have?
UMH Properties had $761.2 million of total debt at the end of fiscal 2025, including short-term borrowings. Its debt-to-equity ratio was 0.84.
How much cash does UMH Properties have?
UMH Properties held $95.9 million in cash and short-term investments at the end of fiscal 2025; with $761.2 million of debt that is net debt of $665.4 million.
What is UMH Properties's book value?
UMH Properties's shareholders' equity (book value) was $905.5 million at the end of fiscal 2025, or $10.60 per share.
What is UMH Properties's current ratio?
UMH Properties had current assets of $242.8 million and current liabilities of $19.8 million, a current ratio of 12.28 (it can cover its short-term obligations).