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"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
UMH Properties does not have enough data to calculate Owner Earnings per Share (TTM), so as Price-to-Owner-Earnings ratio.
The historical rank and industry rank for UMH Properties's Owner Earnings per Share (TTM) or its related term are showing as below:
UMH's Price-to-Owner-Earnings is not ranked *
in the REITs industry.
Industry Median: 13.47 * Ranked among companies with meaningful Price-to-Owner-Earnings only.
Assumption: Companies usually do not report maintenance capital expenditures and growth capital expenditures separately. Here we use estimated numbers and average them over 5 years. The method to estimate maintenance capital expenditures can be found in above part 4.
Note: GuruFocus' Change In Working Capital is provided by Morningstar. It is calculated by adding the items under "Change in operating assets and liabilities" (may refer to a different name for different company) section in Cash Flow Statement from original financial report. And it includes non-current parts of assets and liabilities.
UMH Properties Owner Earnings per Share (TTM) Related Terms
UMH Properties Owner Earnings per Share (TTM) Historical Data
* Premium members only.
The historical data trend for UMH Properties's Owner Earnings per Share (TTM) 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.
UMH Properties Owner Earnings per Share (TTM) Chart
UMH vs CSR, NXRT, AIV: Owner Earnings per Share (TTM) Comparison
For the REIT - Residential subindustry, UMH Properties's Price-to-Owner-Earnings, along with its competitors' market caps and Price-to-Owner-Earnings data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
UMH Properties Price-to-Owner-Earnings vs REITs Industry
For the REITs industry and Real Estate sector, UMH Properties's Price-to-Owner-Earnings distribution charts can be found below:
* The bar in red indicates where UMH Properties's Price-to-Owner-Earnings falls into.
"These represent (a) reported earnings plus (b) depreciation, depletion, amortization, and certain other non-cash charges...less (c) the average annual amount of capitalized expenditures for plant and equipment, etc. that the business requires to fully maintain its long-term competitive position and its unit volume. (If the business requires additional working capital to maintain its competitive position and unit volume, the increment also should be included in (c))...Our owner-earnings equation does not yield the deceptively precise figures provided by GAAP, since (c) must be a guess - and one sometimes very difficult to make. Despite this problem, we consider the owner earnings figure, not the GAAP figure, to be the relevant item for valuation purposes - both for investors in buying stocks and for managers in buying entire businesses...All of this points up the absurdity of the 'cash flow' numbers that are often set forth in Wall Street reports. These numbers routinely include (a) plus (b) - but do not subtract (c)."
What does a Owner Earnings per Share (TTM) of 0.00 mean?
UMH Properties (UMH) has a Owner Earnings per Share (TTM) of 0.00 as of Jun. 2026. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on UMH Properties. According to the industry distribution chart, UMH Properties ranks #999999 out of 333 companies in the REITs industry.
Is UMH Properties' Owner Earnings per Share (TTM) too high?
UMH Properties' current Owner Earnings per Share (TTM) is 0.00. Based on the distribution chart, UMH Properties ranks #999999 out of 333 companies in the REITs industry, which is in the bottom quartile relative to peers. Overall, UMH Properties has a GF Score™ of 68/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does UMH Properties' Owner Earnings per Share (TTM) compare to CSR and NXRT?
According to the REITs industry distribution chart, UMH Properties ranks #999999 out of 333 companies for Owner Earnings per Share (TTM). This places UMH Properties in the lower half of its industry. The industry median Owner Earnings per Share (TTM) is 13.47. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Owner Earnings per Share (TTM) for a REITs company?
The median Owner Earnings per Share (TTM) among REITs companies is 13.47, based on 333 companies in the industry. Companies in the top quartile (top 25%) have a Owner Earnings per Share (TTM) significantly above this median, while those in the bottom quartile fall well below. However, Owner Earnings per Share (TTM) should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Owner Earnings per Share (TTM) mean?
A high Owner Earnings per Share (TTM) can signal that a stock is expensive relative to its fundamentals. Warren Buffett defined owner earnings as reported earnings plus depreciation less average maintenance capital expenditure. View historical data on UMH Properties. For the REITs industry, the median Owner Earnings per Share (TTM) is 13.47 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. UMH Properties's current Owner Earnings per Share (TTM) is 0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is UMH Properties stock overvalued right now?
Based on GuruFocus' analysis, UMH Properties (UMH) is currently considered Fairly Valued. The stock's GF Value™ is $15.83, compared to a current price of $15.51 — trading 2% below its estimated fair value. The current Owner Earnings per Share (TTM) is 0.00. UMH Properties' overall GF Score™ is 68/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Owner Earnings per Share (TTM) calculated?
Owner Earnings per Share (TTM) is calculated from a company's financial statements. For UMH Properties (UMH), the current Owner Earnings per Share (TTM) is 0.00 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is UMH Properties (UMH) Overvalued in 2026?
Based on GuruFocus' analysis, UMH Properties stock appears to be undervalued.
The current stock price of $15.51 is trading 2% below its estimated GF Value™ of $15.83.
GuruFocus considers UMH Properties to be Fairly Valued.
Key valuation signals for UMH:
Owner Earnings per Share (TTM): 0.00
GF Value™: $15.83 vs. price of $15.51 (2% below fair value)
No single metric tells the full story. See the UMH stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
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 residents. The Company also leases manufactured homes to residents and, through its wholly-owned taxable REIT subsidiary, it sells and finances the sale of manufactured homes to residents and prospective residents of its communities and for placement on customers' privately-owned land. The company also owns the land, utility connections, streets, lighting, driveways, common area amenities, and other capital improvements. It earns income from lease agreements for its sites and homes, where the company is the lessor.
68GF Score
Get the complete analysis for UMH
Owner Earnings per Share (TTM) is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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