What is the net cash flow from operations after deducting recurring capital expenditures, and does it support the current dividend payout?
Answer
The press release you quoted from UM‑H Properties, Inc. does not contain the figures needed to calculate the net cash flow from operations after deducting recurring capital expenditures (often called “cash flow from operations – CAPEX”) or to assess whether that cash flow can support the company’s current dividend payout.
Below is a brief explanation of why the requested information cannot be derived from the data that was provided:
| Metric reported in the release | Value reported | What we still need to know |
|---|---|---|
| Total Income (Revenue) | $66.6 million (Q2 2025) vs $60.3 million (Q2 2024) | No cash‑flow information is disclosed. Revenue is an accrual‑based figure and does not reflect cash collected or cash spent. |
| Net Income attributable to common shareholders | $2.5 million (Q2 2025) vs $0.527 million (Q2 2024) | Net income is an accounting measure; it does not show cash generated or used. |
| Normalized Funds from Operations (FFO) | $19.5 million (Q2 2025) vs $16.8 million (Q2 2024) | FFO is a non‑GAAP metric that adds back depreciation, amortization and other items, but it still does not subtract capital expenditures. It therefore cannot be equated to “cash flow from operations – CAPEX.” |
What would be required to answer the question
Cash flow from operations (CFO) – the cash generated by the company’s core business before any investing or financing activities. This is typically found in the “Statement of Cash Flows” (or “Cash Flow Statement”) in the quarterly 10‑Q filing.
Recurring (or “maintenance”) capital expenditures – the amount the company spends each quarter on routine property acquisition, repairs, and equipment that is necessary to keep the business running. This figure is also disclosed in the cash‑flow statement (as “Capital expenditures” or “Purchases of property and equipment”) or sometimes in the MD&A discussion.
Dividend payout – the amount of cash actually paid (or declared) per share for the quarter. The press release does not mention any dividend, nor does the 10‑Q typically list the dividend amount in the earnings release; it would be in the “Dividends declared” line of the cash‑flow statement or in a separate press release about dividends.
Only with the above three pieces of data could we compute:
[
\text{Net cash flow from operations after recurring CAPEX} = \text{CFO} - \text{Recurring CAPEX}
]
and then compare that net cash flow to the dividend per share (or total dividend paid) to see whether the cash generated comfortably covers the payout.
How you can obtain the missing data
- SEC filing (Form 10‑Q) for the quarter ending June 30 2025 – The company is required to file a 10‑Q with the SEC within 45 days of the quarter’s end. The 10‑Q includes the complete cash‑flow statement, a line for “Capital expenditures” (or “Purchases of property and equipment”), and a line for “Dividends declared.”
- Company’s investor relations website – Often the quarterly earnings presentation (PDF/PowerPoint) will include a “Cash flow” slide that breaks out CFO and CAPEX.
- Dividend announcement – If UMH Properties has declared a dividend for 2025, it would be disclosed in a separate press release or in the “Dividends declared” line of the cash‑flow statement.
Bottom line
Based solely on the information in the news release you provided, we cannot determine the net cash flow from operations after deducting recurring capital expenditures, nor can we assess whether that cash flow supports the current dividend payout.
To answer the question, you’ll need to locate UMH Properties’ quarterly 10‑Q (or a detailed earnings presentation) that includes the cash‑flow statement and any dividend declaration for the period ending June 30 2025. Once those figures are available, the calculation and dividend‑support analysis can be performed.