UMH

UMH Properties Inc

Halal Rating :
Comfortable
Last Price $18.7
Market Cap $1.54b
1D Change

-0.53 %

1 Year Change

18.16 %

Next Earnings Date

Yet to be announced

Company Overview

UMH Properties, Inc. owns and operates 124 manufactured home communities containing approximately 23,400 developed homesites. These communities are located in New Jersey, New York, Ohio, Pennsylvania, Tennessee, Indiana, Michigan and Maryland.

Revenue Sources

Pass

Based on the company's financial statements and business model, UMH Properties generates its primary revenue from legitimate real estate activities, including lot rentals, home rentals, and sales of manufactured homes. These core business activities are halal as they involve the exchange of real assets and services. While the company does engage in home financing, this represents a small portion of their overall business and is directly tied to their core real estate operations.

Reliance on Interest

Reporting Date Total Revenue Total Expense Interest Income Interest Expense Interest Income Ratio Interest Expense Ratio

Based on the provided financial data for the most recent four quarters, the interest income ratio shows relatively insignificant levels compared to total revenue. The interest income reported ranges from -$1.138M to $1.567M against quarterly revenues of $56-60M, representing less than 2.5% of total revenue. The interest income is primarily related to their core business of providing housing solutions and is not a major source of revenue.

Operational Ethics

Pass

After reviewing UMH Properties' public disclosures, SEC filings, and company reports, there is no evidence of significant associations with entities involved in human rights violations. The company's operations are primarily focused in the United States, specifically in the Northeast and Midwest regions, with no indication of business ties to Israel or the Chinese Communist Party.

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