FREEHOLD, N.J. (AP) — FREEHOLD, N.J. (AP) — UMH Properties Inc. (UMH) on Monday reported a key measure of profitability in its third quarter.
The Freehold, New Jersey-based real estate investment trust said it had funds from operations of $21.3 million, or 25 cents per share, in the period.
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 net income of $4.2 million, or 5 cents per share.
The real estate investment trust, based in Freehold, New Jersey, posted revenue of $66.9 million in the period.
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