COMP <GO>

AAT vs UMH // FREE CASH FLOW YIELD

American Assets Trust Inc. (NYSE) VS. UMH Properties Inc. (NYSE) • 15-METRIC TALLY: AAT 5 — UMH 2

▲ FREE CASH FLOW YIELD LEADER: AAT

LAST: $22.32 (+3.19%) • MKT CAP: $1.37B

fcf-yield

12.19%

LAST: $15.21 (+1.54%) • MKT CAP: $1.30B

fcf-yield

6.31%

15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (AAT VS. UMH) EMERALD CELL = QUANTITATIVE EDGE

INSTITUTIONAL METRIC	AAT	UMH	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	11.30%	0.70%	+10.60	AAT	/roic <GO>
EV/EBITDA & P/E Valuation	8.5x	—	—	TIE	/valuation <GO>
Free Cash Flow Yield ACTIVE	12.19%	6.31%	+5.88	AAT	/fcf-yield <GO>
Operating Margin	75.00%	—	—	TIE	/operating-margins <GO>
Net Profit Margin	—	2.30%	—	TIE	/net-margins <GO>
Revenue Growth (YoY)	-7.20%	8.80%	-16.00	UMH	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	7.68%	5.48%	+2.20	AAT	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	3/9	6/9	-3.00	UMH	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	54.6	45.6	+8.96	AAT	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$1.37B	$1.30B	$71.8M	AAT	/market-cap <GO>

5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY

FISCAL YEAR	AAT REV	UMH REV	AAT GROSS %	UMH GROSS %	AAT FCF	UMH FCF
FY 2025	$39.9M	$261.8M	—	—	$167.1M	$82.0M
FY 2024	$43.0M	$240.6M	—	—	$207.1M	$81.6M
FY 2023	$42.9M	$220.9M	—	—	$188.8M	$120.1M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

AAT // BETA —

UMH // BETA —