COMP <GO>

UNIT vs UMH // EV/EBITDA & P/E VALUATION

Uniti Group Inc. (NASDAQ) VS. UMH Properties Inc. (NYSE) • 15-METRIC TALLY: UNIT 3 — UMH 4

■ METRIC PARITY

LAST: $5.15 (+5.97%) • MKT CAP: $1.25B

valuation

40.9x

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

valuation

—

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

INSTITUTIONAL METRIC	UNIT	UMH	SPREAD (A - B)	ADVANTAGE	DEDICATED URL
Gross Profit Margin	—	—	—	TIE	/gross-margins <GO>
Return on Invested Capital (ROIC)	2.10%	0.70%	+1.40	UNIT	/roic <GO>
EV/EBITDA & P/E Valuation ACTIVE	40.9x	—	—	TIE	/valuation <GO>
Free Cash Flow Yield	—	6.31%	—	TIE	/fcf-yield <GO>
Operating Margin	11.70%	—	—	TIE	/operating-margins <GO>
Net Profit Margin	58.40%	2.30%	+56.10	UNIT	/net-margins <GO>
Revenue Growth (YoY)	91.50%	8.80%	+82.70	UNIT	/revenue-growth <GO>
Dividend Yield & FCF Payout Safety	0.00%	5.48%	-5.48	UMH	/dividend-safety <GO>
Altman Z-Score & Debt/Equity	—	—	—	TIE	/balance-sheet <GO>
Piotroski F-Score Quality	5/9	6/9	-1.00	UMH	/piotroski-score <GO>
Options Implied Move & Put/Call Skew	—	—	—	TIE	/options-implied-move <GO>
RSI-14 & 200D SMA Momentum	26.3	45.6	-19.29	UMH	/rsi-technicals <GO>
10Y Yield & FRED Macro Beta	—	—	—	TIE	/macro-sensitivity <GO>
Forward P/E Multiple	—	—	—	TIE	/forward-pe <GO>
Enterprise Scale & Market Cap	$1.25B	$1.30B	-$48.7M	UMH	/market-cap <GO>

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

FISCAL YEAR	UNIT REV	UMH REV	UNIT GROSS %	UMH GROSS %	UNIT FCF	UMH FCF
FY 2025	$2.23B	$261.8M	—	—	$350.2M	$82.0M
FY 2024	$1.17B	$240.6M	—	—	$366.6M	$81.6M
FY 2023	$1.15B	$220.9M	—	—	$353.2M	$120.1M

FRED MACRO REGIME CORRELATION COMPARISON PEARSON r

UNIT // BETA —

UMH // BETA —