UMH Properties (UMH Properties) Interest Expense : $-32.5 Mil (TTM As of Dec. 2023)

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What is UMH Properties Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. UMH Properties's interest expense for the three months ended in Dec. 2023 was $ -7.8 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2023 was $-32.5 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. UMH Properties's Operating Income for the three months ended in Dec. 2023 was $ 10.2 Mil. UMH Properties's Interest Expense for the three months ended in Dec. 2023 was $ -7.8 Mil. UMH Properties's Interest Coverage for the quarter that ended in Dec. 2023 was 1.31. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

UMH Properties Interest Expense Historical Data

The historical data trend for UMH Properties's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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UMH Properties Interest Expense Chart

UMH Properties Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Interest Expense

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-17.81

-18.29

-19.16

-26.44

-32.48

UMH Properties Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Interest Expense	Get a 7-Day Free Trial															-7.59	-8.33	-8.64	-7.69	-7.81

UMH Properties Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $-32.5 Mil.

UMH Properties (NYSE:UMH) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

UMH Properties's Interest Expense for the three months ended in Dec. 2023 was $-7.8 Mil. Its Operating Income for the three months ended in Dec. 2023 was $10.2 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2023 was $690.0 Mil.

UMH Properties's Interest Coverage for the quarter that ended in Dec. 2023 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2023 )	/	Interest Expense (Q: Dec. 2023 )
	=	-1	*	10.229	/	-7.813
	=	1.31

The higher the ratio, the stronger the company's financial strength is.

UMH Properties (UMH Properties) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Real Estate » REITs » UMH Properties Inc (NYSE:UMH) » Definitions » Interest Expense

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Traded in Other Exchanges

UMHpD.PFD:USA UMH:Israel

Address

3499 Route 9, Suite 3C, Freehold, NJ, USA, 07728

Website

https://www.umh.reit

UMH Properties Inc together with its subsidiaries is a real estate investment trust. It is engaged in the business of ownership and operation of manufactured home communities - leasing manufactured homesites to private manufactured home owners. It also leases homes to residents. The company also owns the land, utility connections, streets, lighting, driveways, common area amenities, and other capital improvements. It earns income from leasing, brokerage, and appreciation. It is located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan, and Maryland.

Executives

Quigley Kenneth K Jr	director
Jeffrey A Carus	director	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Kiernan Conway	director	3499 RT. 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Samuel A Landy	director, officer: President	3499 ROUTE 9 NORTH, STE 3C, FREEDHOLD NJ 07728
Daniel O. Landy	other: EVP and President of OZ Fund	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Matthew I Hirsch	director	3499 ROUTE 9 NORTH, STE 3C, FREEDHOLD NJ 07728
Brett Taft	officer: EVP and COO	3499 ROUTE 9 , SUITE 3C, FREEHOLD NJ 07728
Craig Koster	officer: EVP and General Counsel	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Amy Lynn Butewicz	director	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Stuart Levy	director	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Angela D. Pruitt	director	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
William Edward Mitchell	director	3499 ROUTE 9 NORTH, SUITE 3C, FREEHOLD NJ 07728
Steven B Wolgin	director
Michael P Landy	officer: Vice President - Investments	3499 ROUTE 9 N STE 3-C, FREEHOLD NJ 07728
Eugene W Landy	director, 10 percent owner, officer: Chairman of the Board	3499 ROUTE 9 NORTH SUITE 3C, FREEHOLD NJ 07728